Sensex Today: LIVE Stock Market Updates: Sensex and Nifty Defy Global Market Mood, Trade High; broader markets outperform; Worst performing RIL in the index
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Live Market Updates: Nifty IT Up Over 1%; Discover the best performers
These stocks move with the mood of the market, gain up to 7%
Price as of June 14, 2022 10:47Click on company names for their live prices.
Sensex Today LIVE: Index Erases All Losses and Trades Higher
Market LIVE Updates: Total to Acquire 25% of Adani New Industries (ANIL) from Adani Enterprises
Price as of June 14, 2022 10:16 a.m.Click on company names for their live prices.
Bitcoin stock versus Apple stock: which is the best solution?
Beyond all the futuristic stuff that crypto sells, if we have Apple stock today against Bitcoin as an asset class, with Appl… https://t.co/QRarfXA9ab
— Nikhil Kamath (@nikhilkamathcio) 1655178274000
Market View: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The sharp decline in US markets was triggered by a WSJ article indicating a 75 basis point hike by the Fed at its meeting on Wednesday. Today, the majority view is that the Fed will need to aggressively hike a few 75 basis point rate hikes to contain inflation and build credibility.
India’s CPI inflation in May at 7.04% from 7.8% in April is good news that inflation is not getting out of control. Thus, RBI does not need to rise aggressively like the Fed.
Financial services, particularly the major private sector banks, have the potential to provide investors with above-market returns over a one-year horizon. Defenses like the main FMCGs are safe bets.
Bitcoin, Ethereum, BNB, Tron plunge up to 17%
The majority of crypto tokens were dark red. Bitcoin, Ethereum, BNB and Tron plunge between 10 and 17%. However, a slight recovery was seen at Polkadot and Avalanche after a strong hammering. The global cryptocurrency market capitalization was trading sharply lower at $908.51 billion, dropping as much as 11% in the past 24 hours. However, total cryptocurrency trading volume soared around 64% to $153.34 billion.
Forex market alert
The rupee gains 2 paises to 78.02 against the US dollar in early trading
Companies with high ROE could make better bets in volatile times
Voda Idea, RBL Bank, YES Bank among the most active stocks on NSE
Price as of June 14, 2022 09:28Click on company names for their live prices.
Sector watch: FMCG only sector loser on NSE
OPENING BELL: Sensex drops 150 points, Nifty below 15,750; TechM drops 2%, Airtel gains 2%
Crypto Market Watch: Bitcoin Lately Falls 5.3% to $21,252; Ether down 9.4% to $1,095
Oil rebounds as tight supply offsets recession fears
Oil prices hovered in positive and negative territory on Tuesday, holding up despite recession fears and potential new COVID-19 restrictions in China that could dampen demand as the market remains tightly supplied. U.S. West Texas Intermediate (WTI) crude fell 4 cents to $120.89 a barrel at 0156 GMT, while Brent futures fell 6 cents to $122.21 a barrel.
Asian stocks fall as fears of recession grow
Asian stocks fell on Tuesday after Wall Street hit a confirmed bear market milestone and bond yields hit a two-decade high on fears that aggressive U.S. interest rate hikes could push the world’s largest economy world in recession. MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 0.9%.
SGX Nifty reports a negative start
Nifty futures on the Singapore Stock Exchange traded 76 points, or 0.48%, at 15,702.50, signaling that Dalal Street was heading for a negative start on Monday.
Fourth quarter results today
ITDC, Nagarjuna Fertilizers and Chemicals and OPTO CIRCUITS are among the companies that will announce their quarterly results today.
Tech View: Defending 15,670 is essential to avoid Nifty50 weakness
Nifty50 formed a bearish candle on the daily chart on Monday, with a long wick lower, suggesting a recovery from the 15,684 intraday low. The index has seen strong support near 15,670 since March and analysts view it as a decisive level. A break of it could lead to a decline towards 15,500-400, they warned.
Tokyo stocks open lower on fears of a US rate hike
Shares in Tokyo opened lower on Tuesday, extending a rout on Wall Street, as investors bet on more aggressive rate hikes from the U.S. Fed to fight inflation following key price data. The benchmark Nikkei 225 was down 1.56%, or 419.93 points, at 26,567.51 in early trading, while the broader Topix index was down 1.38%, or 26, 24 points, at 1,874.82.
S&P 500 Confirms Bear Market as Recession Worries Rise
U.S. stocks fell on Monday, with the S&P 500 confirming that it is in a bear market, as fears grow that expected aggressive interest rate hikes by the Federal Reserve could push the economy into a recession. The S&P 500 lost 149.91 points, or 3.85%, to end at 3,750.95 points, while the Nasdaq Composite lost 526.82 points, or 4.65%, to 10,813.20. The Dow Jones Industrial Average fell 857.70 points, or 2.73%, to 30,535.09.
The rupee slides 11 paise to 78.04 against the US dollar
Falling for the third consecutive session, the rupee depreciated 11 paise to close at a new all-time low of 78.04 against the US dollar on Monday, as a global market meltdown and a stronger greenback at abroad weighed on investor sentiment.
Sensex, nice on Monday
The BSE benchmark Sensex plunged over 1456.74 points or 2.68% to the level below 53,000 and the Nifty50 fell over 427.40 points or 2.6%, the lowest since the May 19 to close below 15,800 levels.