sensex today: Live stock market updates: Sensex around 58,000, Nifty below 17,300; FMGC shines; IT, metal brake; Tata Steel drops 2%, Zomato jumps 7%

!1 new updateClick here for the latest updates

Nifty IT all in the red: here’s how they’re doing

Price as of August 02, 2022 10:22Click on company names for their live prices.

Dharmesh Shah, ICICI Securities on stocks to buy today

TCS: Buy| Objective Rs 3420 | Stop Loss Rs 3215The stock recorded a bullish hammer-shaped candle on the monthly chart and is at an 80% retracement of the CY21 rally which offers a favorable risk/reward ratio.

The Indian rupee drops below 79 to the dollar (Source: Reuters)

The Indian rupee strengthened to below 79 to the dollar when trading opened on Tuesday to its highest level in more than three weeks, while the yield on 10-year bonds fell to a low three months, tracking US returns and greenback losses.

The partially convertible rupee was trading at 78.95 to the dollar from its close of 79.02 after touching 78.94, its strongest since July 7.

India’s 10-year bond yield was 7.21%, after falling to 7.18% in early trades, its lowest since May 4. The yield was 7.24% on Monday.

7 stocks that could help you take advantage of the momentum in August

Buy or Sell: Stock Ideas by Experts for August 02, 2022

India’s benchmark 10-year bond yield falls to 7.18% in early trading, the lowest since May 4

Shares of Kansai Nerolac Paints Limited jumped more than 11% to an intraday high of Rs 483.55 in Tuesday’s first session, a day after the company released a strong run of figures for the quarter ended in June 2022. The company reported a 36.51 per cent increase in its consolidated net profit to Rs 152.05 crore for the first quarter ended June 30, 2022. It had recorded a net profit of Rs 111.38 crore as of during the April-June period a year ago.

Price as of August 02, 2022 09:54Click on company names for their live prices.

Indian low-cost airline SpiceJet said on Tuesday it had settled all major outstanding fees with the Airports Authority of India, which owns and operates airports in the country.

Price as of August 02, 2022 09:47Click on company names for their live prices.

Nifty Metal down more than 1%

Price as of August 02, 2022 09:43Click on company names for their live prices.

Zomato, the online food delivery platform, said its consolidated net loss in the first quarter of the current financial year was cut by nearly half to Rs 186 crore due to higher revenue. The company had reported a net loss of Rs 360.7 crore in the prior year period.

Price as of August 02, 2022 09:41Click on company names for their live prices.

ITC announced a 33.46% increase in its consolidated net profit to Rs 4,462.25 crore for the April to June quarter after a strong performance in its business segments. The company had recorded a net profit of Rs 3,343.44 crore in the April to June quarter of the previous fiscal year.

Price as of August 02, 2022 09:38Click on company names for their live prices.

India’s benchmark 10-year bond yield falls to 7.18% in early trading, the lowest since May 4

Targeted actions: ITC, Zomato and more

The market message from the sharp drop in the US 10-year bond yield to 2.57% from the recent high of 3.27% is that the Fed is nearing the end of its tightening cycle with only another big hike. in September and small increases thereafter taking the terminal rate to around 3.5%. This has facilitated the rally in global markets, with India emerging as one of the top performers. There is a consensus that India will be the fastest growing major economy in the world this year and next and will be the least vulnerable to a slowdown in global growth. This, and the Dollar Index dipping below 106 from the recent high above 109, paved the way for the return of FIIs who have now become regular buyers. Nifty’s 2100-point rally from June lows pushed the market into overbought territory with valuations rising. Markets should consolidate in the short term. Capital goods and automobiles (the PV and CV segments) are on a solid counter.

– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Discover the most active stocks on NSE in the opening offers

Price as of August 02, 2022 09:31Click on company names for their live prices.

OPENING BELL: Sensex drops 150 points, Nifty below 17,300; Tata Steel drops 2%, Zomato jumps 7%

OPENING BELL: Sensex drops 150 points, Nifty below 17,300;  Tata Steel drops 2%, Zomato jumps 7%

Asian stocks slide with oil on recession jitters

Asian stocks continued to slide against Wall Street on Tuesday, and long-term US Treasury yields fell to a four-month low, sending the US dollar lower against the yen and other currencies as investors worried about the risk of a global recession.

SGX Nifty reports a negative start

Nifty futures on the Singapore Stock Exchange traded 49.5 points, or 0.28%, at 17,343.50, signaling that Dalal Street was heading for a negative start on Tuesday.

Quarterly results today

Adani Green Energy, Siemens, Indus Towers, Bosch, Godrej Properties, Voltas, Gujarat Gas and Deepak Nitrite are among the companies that will announce their quarterly results today.

Tech View: Nifty Enters Overbought Zone, No Signs of Weakness Yet

On Monday, Nifty50 settled higher for the third day in a row and formed a bullish candle on the daily chart that resembled a Hanging Man candle, suggesting a possible termination of the ongoing positive momentum. The index has also entered the overbought zone, as suggested by the 14-day RSI, but there are no clear signs of weakness yet.

Oil prices fall as weak manufacturing data stoke fears of recession

Oil prices edged lower on Tuesday, extending losses from the previous session, as investors worried about global oil demand following weak manufacturing data in several countries. Brent futures fell 29 cents to $99.74 a barrel at 0002 GMT, with WTI futures falling 22 cents to $93.67 a barrel.

Tokyo stocks open lower after US losses

Shares in Tokyo opened lower on Tuesday after modest losses on Wall Street, where oil-related stocks fell. The benchmark Nikkei 225 fell 0.62%, or 174.40 points, to 27,818.95 at the open, while the broader Topix index fell 0.64%, or 12, 55 points, at 1,947.56.

US Stocks Slide, Crude Slides as Soft Data Flow Recession Shakes

Wall Street ended a three-day winning streak and crude prices plunged on Monday as economic data from the United States, Europe and China showed weakening demand under inflationary pressures. , while the imminent possibility of a recession dampened risk appetite.

Rupee rises 18p to close near 4-week high against USD

The rupee rose 18 paise to close on Monday at a near four-week high of 79.06 against the US currency on the back of foreign inflows, lower crude oil prices and US currency weakness. in world markets.

Sensex, nice on Monday

Led by the auto pack, the 30-pack Sensex shares jumped 545.25 points or 0.95% to close at 58,115.50. Its larger counterpart, Nifty50, also rose 181.80 points or 1.06% to close above the 17,340.05 mark.

Hello, dear reader! Here’s something to start your trading day

Hello, dear reader!  Here's something to start your trading day

Leave a Comment

Your email address will not be published.