Markets may face volatility global cues to drive momentum: Analysts

Stock markets may face volatility in a holiday-shortened week ahead amid the scheduled monthly expiry of derivatives contracts, besides global trends will continue to influence trading at the benchmark indices, analysts said. Focus would also remain on the movement of monsoon and trading activity of Foreign Institutional Investors (FIIs). Equity markets will remain closed on Wednesday for Bakri Id. "As we enter a new week, the market is expected to lack clear cues, but the expiration of June's F&O contracts may introduce some volatility as traders roll over their positions," said Santosh Meena, Head of Research, Swastika Investmart Ltd. On the domestic front, the movement of monsoon will be crucial, and fortunately, it is gaining momentum, Meena said. He further added that in global markets, investors will closely monitor the movement of crude oil prices, the dollar index, and the US bond yields. "We expect volatility to remain high due to the scheduled expiry of June month ...

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Gold price declines Rs 430 to Rs 59020 silver falls Rs 400 to Rs 71100

The price of 22-carat gold declined Rs 400 with the precious metal trading at Rs 54,100

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Foreign exchange reserves surge by $2.34 billion to $596 billion: RBI data

The reserve rose mainly on account of a rise in the RBI's foreign currency assets, which rose by 2.57 billion to $527.65 billion in the previous week

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Tube Investments hits new high; rallies 5% on healthy business outlook

The stock of auto components & equipments company was trading higher for the fourth straight day, surging 14 per cent during the period.

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Sebi bars Eros Group entities MD from securities mkt over irregularities

The SEBI has barred Eros International Media Ltd, Eros Worldwide and Eros Digital from the securities market until further orders

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Stock market LIVE: Hang Seng leads losses in Asia; oil prices slip mildly

Stock market LIVE updates on June 23, 2023: Profit booking at record high levels, along with tepid mood across Asia, may keep gains in check.

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Nifty Midcap 50 weekly chart signals caution; watch out for these levels

According to Ravi Nathani, an independent technical analyst, while the Nifty Midcap index has strong resistance around 10,125 level.

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Ajanta Pharma hits 52-week high on upbeat branded generic business outlook

The management is confident to scale up margins again in the coming years on the back of enhanced contribution from Branded Generics business and normalisation of freight costs

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Bitcoin breaches $30k-mark fuelled by Powell's comments spot ETF filings

US Fed chair Jerome Powell on Wednesday said they see 'payment stablecoins as a form of money'

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MARKET LIVE: Asia mixed as Powell says Fed 'far off' from inflation target

Stock market LIVE updates on June 22, 2023: The extension of the rally in the mid- and small-cap stocks, however, may support the overall market breadth

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Trading strategies for Nifty Auto Realty indices

While the Nifty Realty index is expected to pullback in the near-term, the Nifty Auto index seems to be trapped in a consolidation range, says Ravi Nathani, an independent technical analyst.

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Dollar firm ahead of Powell testimony sterling falls after inflation data

The dollar rose 0.5% against the Japanese yen to 142.15 per dollar after Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank would maintain its ultra-loose monetary policy

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Frozen meat exporter HMA Agro Industries IPO subscribed 55% on Day 2

The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries was subscribed 55 per cent on day two of its subscription on Wednesday. The Rs 480-crore IPO received bids for 33,56,750 shares against 60,54,054 shares on offer, according to NSE data. The portion for non-institutional investors received 1.20 times the subscription while the category for retail individual investors (RIIs) got subscribed 38 per cent and that of qualified institutional buyers (QIBs) 37 per cent. The initial public offer has a fresh issue of up to Rs 150 crore and an offer of sale of up to Rs 330 crore. The price range for the offer is Rs 555-585 a share. Aryaman Financial Services is the manager to the offer. The company proposes to utilise the net proceeds of the fresh issue for funding working capital requirements and other general corporate purposes. The shares of the company will be listed on both BSE and NSE.

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Shriram Finance Piramal Enterprises zoom 10% after huge block deals

According to media reports, Piramal Enterprises was planning to sell its entire 8.34 per cent stake in Shriram Finance via block deals on Wednesday.

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MARKET LIVE: Sensex leaps 200 pts Nifty tops 18850; Shriram Fin up 10%

Stock market LIVE updates on June 21, 2023: In the broader market, the S&P BSE MidCap and SmallCap indices gained up to 1 per cent

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Stock Market LIVE: Asia indices weak on muted Wall Street session overnight

Stock market LIVE updates on June 21, 2023: Lack of directional cues have prompted investors to gradually scalp profits at higher levels.

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Nifty Pharma FMCG indices trading near key resistance zone

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index is expected to face resistance around 52,250 - 52,375 range; and the Pharma index at 13,425.

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Up almost 32% since listing Mankind Pharma draws rush of 'buys'

The company's stock has surged more than 60 per cent since listing, driving its market value to about $8.5 billion

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Timken India cracks 11% after almost 16% equity change hands on BSE NSE

The counter had seen combined traded volume of around 12 million shares in the first hour of trading amid reports of parent company to offload stake.

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Gold price remains unchanged at Rs 60070 silver jumps Rs 500 to Rs 74000

The price of ten grams of 22-carat gold was trading at Rs 55,070

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Stock Market LIVE: Asia indices mixed; China cuts 1 5-year loan prime rate

Stock market LIVE updates on June 20, 2023: Stock-specific action and global cues will be the key market movers today

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Nifty Pvt Banks index may weaken; avoid shorting PSU Bank index

According to Ravi Nathani, an independent technical analyst, the short-term trend for the Nifty PSU Bank Index is bullish, indicating a positive outlook in the near term.

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Considering allowing depositary receipts on Indian stocks: IFSCA chief

Srinivas said allowing DRs will shift foreign investor flows coming through the participatory note (pnotes) route

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Tata Technologies IPO: Read to know everything about the company listing

The Tata Motors subsidiary Tata Technologies filed for Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on March 9. Check out the full IPO details here.

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Stock Market LIVE: SGX Nifty in green; Benchmarks may hit fresh peaks today

Stock Market LIVE updates on June 19, 2023: US markets will be closed Monday for the Juneteenth holiday

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Resistance for Nifty seen at 18900; Bias remains bullish

According to Ravi Nathani, an independent technical analyst, the Bank Nifty, however, remains trapped in the 44,500 - 43,375 range for now.

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RBI maintains a pause on rates in step with global markets - it helps

The markets have been on a high for the past few sessions, particularly the Nifty, which consistently touched and even crossed the 18,000 mark earlier this week

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Domestic-focused sectors push market up; IT commodities pull it down

Domestic and private consumption oriented business sectors are driving up the Indian stock markets, which are nearing their high points, experts said.

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'To safeguard stakeholders': Sebi justifies urgent action in Zee matter

In a 197-page reply to SAT, regulator says action taken to safeguard management, protect investors

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