Gold Prices Today: Economic uncertainty, rising inflation to push yellow metal higher
Precious metals may remain range-bound today due to the US bank holiday, however upper range may witness selling pressure, said Nirpendra Yadav, Senior Commodity Research Analyst at Swastika…
Market at 10 AMBenchmark indices were trading flat in the volatile session.The Sensex was down 3.40 points or 0.01% at 51357.02, and the Nifty was down 14.70 points or 0.10% at 15278.80. About 730 shares have advanced, 2099 shares declined, and 137 shares are unchanged.
Amol Athawale, Deputy Vice President – Technical Research, Kotak Securities:
For the traders now, 15400 would act as a trend decider level and above the same, the Nifty could touch the level of 15600-15700.
On the other hand, below 15400, the index could retest the level of 15200. Further down side may also continue which could drag the index till 15000.
Meanwhile, after a long time, on weekly charts the Bank Nifty closed below the important support level of 33000. The structure suggests below 33000 it could slip up to 32000-31500.
Aurobindo Pharma board approves acquisition of 51% stake in GLS PharmaThe Board of Directors of Aurobindo Pharma at its meeting held on June 17, 2022, has approved the acquisition of 51% equity shares in GLS Pharma Limited, operating in oncology business and having manufacturing facility in Hyderabad for a total consideration of Rs 28,05,00,000.
BSE Oil & Gas index shed 2 percent dragged by the Adani Total Gas, ONGC, Gail India
Nifty Metal index slipped 4 percent dragged by the Vedanta, Hindustan Copper, Jindal Stainless:
Dilip Buildcon declares lowest bidder for Gujarat Metro projectDilip Buildcon through RBL-DBL JV has declared as L-1 bidder for the tender floated by the Gujarat Metro Rail Corporation (GMRC) Limited.The project included construction of 10.559 Km Elevated Viaduct and l1 Nos, Stations (Excl. E&M, Architectural Finishing and Roofing) From Bheshan Dead End to Majura Gate Station including Viaduct Ramp to Depot Entry Near Bheshan for Surat Metro Rail Project Phase –
I, Corridor-2 (Package l) (Pkg-CS-5).
Vedanta share price falls 6% after company put copper plant on saleVedanta share price fell 6 percent in the early trade on June 20 after company put on sale its copper plant at Tamil Nadu.Vedanta has invited Expression of Interest (EoI) for its Tuticorin-based smelter, which has been shut since mid-2018, following a Tamil Nadu government order. The last day to submit EoI is July 4th, and the bids have been invited in conjunction with Axis Capital.
Coforge partners with US-based Estes Express LinesCoforge announced a partnership with Estes Express Lines (Estes), the largest privately held freight carrier in North America. With this partnership, Coforge will bring agile, next-generation solutions to the transportation & logistics industry.
Commodity Alert | Iron ore prices tumbles with SGX Iron Ore is down more than 7 percent. The steel prices are under pressure in China as well, reported CNBC-TV18.
Gainers and Losers on the BSE Sensex in the early trade:
Market Opens: Indian indices opened on positive note on June 20 with Nifty above 15300.
At 09:16 IST, the Sensex was up 136.56 points or 0.27% at 51496.98, and the Nifty was up 32.80 points or 0.21% at 15326.30. About 1148 shares have advanced, 752 shares declined, and 117 shares are unchanged.