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Market LIVE Updates: Nifty around 15,700, Sensex falls; metals drag, auto stocks gain – Moneycontrol

June 15, 2022 / 09:54 AM IST

Genesys International gets Rs 250 crore investment led by Malabar IndiaGenesys International received an investment of Rs 250 crore equity led by Malabar India Fund and other Marquee Investors to strengthen its 3D Digital Twin Content Program.

June 15, 2022 / 09:48 AM IST

JSW Steel’s May crude steel production at 17.89 lakh tonnesJSW Steel reported the Crude Steel production for the month of May, 2022 at 17.89 lakh tonnes, that grew by 31% YoY on standalone basis.

JSW Steel's May crude steel production at 17.89 lakh tonnes     JSW Steel reported the Crude Steel production for the month of May, 2022 at 17.89 lakh tonnes, that grew by 31% YoY on standalone basis.

June 15, 2022 / 09:45 AM IST

Nifty Auto index added nearly 1 percent led by the Tube Investments, MRF, M&M

Nifty Auto index added nearly 1 percent led by the Tube Investments, MRF, M&M

June 15, 2022 / 09:40 AM IST

Buzzing:NLC India share price rose after company appointed Engineers India (EIL) as project management consultant for Methanol project.

Buzzing:     NLC India share price rose after company appointed Engineers India (EIL) as project management consultant for Methanol project.

June 15, 2022 / 09:35 AM IST

BSE Metal index shed 1 percent dragged by the Coal India, JSW Steel, Hindalco Industries

BSE Metal index shed 1 percent dragged by the Coal India, JSW Steel, Hindalco Industries

June 15, 2022 / 09:27 AM IST

OPEC sees global oil demand growth slowing in 2023: Sources

World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help drive up inflation and act as a drag on the global economy.

Fuel use has rebounded from the 2020 pandemic-induced slump and is set to exceed 2019 levels this year even as prices hit record highs. But high prices have eaten into growth projections for 2022 and fed into expectations for slower growth in 2023.

The Organization of Petroleum Exporting Countries (OPEC) is expected to publish its first forecast for 2023 demand in July. Its forecast, along with that of the Paris-based International Energy Agency, will be watched closely for pointers on how OPEC supply policy might develop.

June 15, 2022 / 09:24 AM IST

Gold Updates:

Gold prices on Wednesday were lifted from near one-month lows by weaker Treasury yields, ahead of a potentially aggressive interest rate hike from the U.S. Federal Reserve as it seeks to combat inflation amid mounting fears of an impending recession.

Spot gold was up 0.5% at $1,817.12 per ounce as of 0229 GMT, after dropping to its lowest since May 16 at $1,803.90 on Tuesday. U.S. gold futures rose 0.3% to $1,818.50.

The Federal Open Market Committee is expected to announce its decision on interest rates at 1800 GMT later in the day.

June 15, 2022 / 09:21 AM IST

Gainers and Losers on the BSE Sensex in the early trade:

Gainers and Losers on the BSE Sensex in the early trade:

June 15, 2022 / 09:17 AM IST

Market Opens: Indian indices opened marginally higher on June 15 with Nifty around 15750.

At 09:16 IST, the Sensex was up 67.57 points or 0.13% at 52761.14, and the Nifty was up 24.30 points or 0.15% at 15756.40. About 1415 shares have advanced, 348 shares declined, and 73 shares are unchanged.

Tata Motors, Bajaj Finance, JSW Steel, M&M and Hindalco Industries were among major gainers on the Nifty, while losers were Tata Steel, HUL, Reliance Industries, HDFC and Britannia Industries.

June 15, 2022 / 09:10 AM IST

Bond Yield Updates

Bond Yield Updates

June 15, 2022 / 09:08 AM IST

STOCKS TO WATCH

STOCKS TO WATCH

June 15, 2022 / 09:06 AM IST

Prashanth Tapse, Vice President (Research), Mehta Equities:

Domestic equities may see a subdued opening in view of a lacklustre trend in the overnight US markets and sluggish trend in the SGX Nifty. However, expect bears to remain in control if Nifty’s closes below its biggest intraday support at 15611. The bullish trend is possible only after Nifty crosses its biggest hurdle of 16117 mark. 

All eyes will be on the FOMC June policy meeting outcome with focus on the magnitude of the rate increase. Also, FII selling in the domestic market and crude oil prices above USD 1213 a barrel will continue to weigh on investors’ sentiment.