Dalal Street logged yet another record high on Tuesday as benchmark indices extended gains to the fourth trading session in a row. Buying interest witnessed in bank stocks and heavyweights such as Reliance Industries supported the bounce, as investors awaited the outcome of an upcoming Federal Reserve meeting for clues on money policy in the world’s largest economy going forward. IndusInd Bank was the top gainer among bluechip stocks. Tech Mahindra, Asian Paints, Tata Consumer, HCL Tech, Adani Ports and Britannia were among other top performers.
!1 New UpdateClick here for latest updates
The market has been positive in the first half and Nifty50 made an attempt to sustain above 15,850. The 15,900 level will act as resistance in the short term. If the index breaches 15,900, we can see a new rally with an upside potential till 16,150-16,200.
– Gaurav Garg, CapitalVia Global Research
Future Retail, PTC India, Rain Industries gain up to 10%; Adani Transmission, Adani Total worst hit in BSE500 universe
Price as on 15 Jun, 2021 12:37 PM, Click on company names for their live prices.
Stock Screener
Search, Select & Invest in Top Stocks
Fear gauge VIX edges lower
NSE’s India VIX Index — which gauges the expectation of volatility — quoted 0.10% lower at 14.70, having moved between 14.72 and 14.90 earlier on Tuesday as against its previous close of 13.28.
Anupam Rasayan clears Rs 530 cr debt from IPO proceeds; shares rise
Price as on 15 Jun, 2021 11:42 AM, Click on company names for their live prices.
Sona Comstar IPO subscribed 13% so far on Day 2
At a price band of Rs 285-291, the company’s IPO is roughly valued at 76 times one-year forward earnings, making it one of the most expensive issues to hit the primary market in recent times.
Candle Screener
Discover & screen trade opportunities
Shyam Metalics IPO subscribed 1.6 times so far on Day 2
Shyam Metalics’ IPO saw strong demand from investors. By 10:50 am, the IPO had received bids for 3,35,37,555 shares, which was 1.59 times the total issue of 2,10,90,890 shares. The company is selling its shares in the fixed price band of Rs 303-306 under the IPO.
Nifty Realty up over 1%. Here are the top gainers
Price as on 15 Jun, 2021 11:13 AM, Click on company names for their live prices.
Nifty Smallcap 100 and Nifty Midcap 100 outperform benchmark once again
Glenmark Pharma launches COPD treatment inhaler in UK
Drug firm Glenmark Pharma on Tuesday announced the launch of Tiotropium Bromide Dry Powder Inhaler, used in the treatment of chronic obstructive pulmonary disease (COPD), in the UK.
I have no worries on the valuation front. For one, you must see things in the context of cost of capital. Secondly, I strongly feel the growth momentum will sustain over the next four years, given the strong and de-leveraged balance sheets, robust base of operating revenue, sustainable cost savings and lowered effective tax burden
– Amar Ambani, Senior President & Institutional Research Head, YES Securities
Ashok Leyland arm acquires electric vehicles maker Switch Mobility Automotive
Price as on 15 Jun, 2021 10:54 AM, Click on company names for their live prices.
Rupee surges 13 paise to 73.16 against US dollar in early trade
The Indian rupee gained 13 paise to 73.16 against the US dollar in early trade on Tuesday tracking positive domestic equities. At the interbank foreign exchange, the domestic unit opened at 73.20 against the dollar, then inched higher to 73.16, registering a gain of 13 paise over its previous close. On Monday, the rupee had settled at 73.29 against the US dollar.
Nifty Pharma in red but these stocks in demand
Price as on 15 Jun, 2021 10:30 AM, Click on company names for their live prices.
Tata Steel, SAIL up 1%
Price as on 15 Jun, 2021 10:28 AM, Click on company names for their live prices.
Anupam Rasayan clears debt worth Rs 530 cr from IPO proceeds
Chemicals maker Anupam Rasayan has repaid debt worth Rs 530 crore from the net proceeds of its recently completed initial public offering and will clear an additional Rs 30 crore debt by next quarter ending September, 2021.
Future Group stocks in heavy demand
Price as on 15 Jun, 2021 10:12 AM, Click on company names for their live prices.
Copper prices at 7-week low on Chinese crackdown fears
Copper prices dropped on Tuesday to their lowest since April 26, weighed down by investor fears over measures Chinese authorities could take to curb a recent price rally in commodities. Three-month copper on the London Metal Exchange fell as much as 2.9% to $9,680 a tonne, while the most-traded July copper contract on the Shanghai Futures Exchange hit its lowest since April 23 at 69,500 yuan ($10,852.08) a tonne.
Strides Pharma up 2%
Strides Pharma rose 2.4 per cent to Rs 837.25 after its Singapore-based subsidiary joined hands with US-based Ennaid Therapeutics to produce an oral medication to treat patients with mild and asymptomatic Covid-19.
How Adani Group stocks are faring today
Price as on 15 Jun, 2021 09:47 AM, Click on company names for their live prices.
JB Chemicals up 1%
JB Chemicals rose 1 per cent to Rs 1,559 after the drugmaker reported a two-fold jump in consolidated net profit to Rs 100.81 crore for the quarter ended March 2021 on account of robust sales.
INR depreciation has become another tailwind for IT index which has outperformed Nifty by 35% during the last 12 months. It makes sense to remain invested in IT, pharma & metal stocks which are unlikely to be impacted by negative macros like rising inflation.
– Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Nifty Bank up 0.8%. Here are the top gainers
Price as on 15 Jun, 2021 09:34 AM, Click on company names for their live prices.
Fear gauge index India VIX eases 2.25% to 14.3
All sectoral indices of Nifty trading in green. Nifty Media, Nifty Private Banks and Nifty Realty up 1% each
Q4 results today
Jubilant FoodWorks, Power Finance, Whirlpool, LIC Housing, Easy Trip Planners and Lemon Tree are among the companies slated to report their financial results today.
Dr Reddy’s only Sensex stock in red
Opening Bell: Sensex scales fresh all-time high, rises 230 pts; Nifty50 tops 15,850; IndusInd Bank, Asian Paints rise 1% each
Q4 results today
Jubilant FoodWorks, Power Finance Corporation, Whirlpool of India, LIC Housing, Easy Trip Planners and Lemon Tree are among companies that will announce their March quarter earnings today.
Pre-open session: Sensex rises 290 points, Nifty50 above 15,850
SGX Nifty signals a positive start
Nifty futures on Singapore Exchange traded 9.5 points, or 0.06 per cent, higher at 15,845.50, signaling that Dalal Street was headed for a flat-to-positive start on Tuesday.
Tech View: Nifty upside looks limited
Nifty50 on Monday topped the much-awaited 15,800 mark on a closing basis. The index formed a small bearish candle with a long lower wick, suggesting that the intraday fall got bought into. Going ahead, Nifty may face immediate resistance near the 15,850-15,900 range, while support may come in between 15,750 and 15,650 levels, analysts said.
Hong Kong stocks begin with gains
Hong Kong stocks opened Tuesday morning on the front foot as traders returned from a long weekend to play catch-up with other markets following another record performance on Wall Street. The Hang Seng Index added 0.36 per cent, or 104.31 points, to 28,946.44. The benchmark Shanghai Composite Index dipped 0.06 per cent, or 2.28 points, to 3,587.47.
Tokyo stocks open higher on record US closes
Tokyo stocks opened higher on Tuesday as investors took heart from record closes on the Nasdaq and S&P 500, though caution lingered ahead of the Fed meeting this week. The Nikkei 225 index was up 0.34 percent or 99.39 points at 29,261.19 in early trade, while the broader Topix index advanced 0.17 percent or 3.38 points to 1,963.13.
Tech giants nudge S&P500 index to another record high
Technology companies helped lift stocks higher on Wall Street, nudging the S&P500 index to its third straight all-time high, even as other parts of the market faltered. The S&P500 index added 7.71 points to 4,255.15. The index has notched a weekly gain three weeks in a row. The Dow Jones Industrial Average fell 85.85 points, or 0.2 per cent, to 34,393.75. The Nasdaq rose 104.72 points, or 0.7 per cent, to 14,174.14.
Rupee logs longest losing streak in 2 months
The Indian rupee ended 22 paise lower at 73.29 against the US dollar on Monday, sliding for the fifth straight session amid rising crude oil prices.At the interbank foreign exchange market, the rupee opened on a negative note at 73.21 per dollar as against its previous close of 73.07. It hovered in the range of 73.10 to 73.29 per dollar during the day before ending at 73.29 – equalling its lowest level recorded a month ago.
Sensex, Nifty on Monday
Key Indian equity indices recovered by the end of the day’s trade on Monday to settle at record closing levels, after a largely subdued trade for most part of the session. The BSE Sensex closed at 52,551.53, higher by 76.77 points, or 0.15 per cent, from its previous close of 52,474.76.The Nifty50 on the National Stock Exchange was closed at 15,811.85, higher by 12.50 points, or 0.08 per cent, from its previous close.
Good morning, dear reader! Here’s something to kickstart your trading day
