Market at 12 PMBenchmark indices were trading lower with Nifty around 15250 amid selling seen across the sectors except metals.The Sensex was down 312.84 points or 0.61% at 51,182.95, and the Nifty was down 101.30 points or 0.66% at 15,259.30. About 799 shares have advanced, 2211 shares declined, and 101 shares are unchanged.
Ritesh Properties & Industries approves stock split
Ritesh Properties & Industries’ board has approved a sub-division of equity share having face value of Rs 10 each into equity shares of face value of Re 1 each.
Ritesh Properties and Industries was quoting at Rs 358.40, down Rs 1.70, or 0.47 percent.
Gainers and Losers on the BSE Sensex in the early trade:
Credit Suisse View On Gujarat Gas Credit Suisse has kept underperform rating on Gujarat Gas with a target at Rs 380 per share. The margin expectations still high & more downside is likely.It is still pricing in 10% volume CAGR for 10 years & margin expansion.CNG margin should moderate with increasing blending & sharp rise in spot gas. The margin can moderate in H2 as Morbi volumes return & CNG input cost increases, reported CNBC-TV18.
Nifty IT Index slid 1.66 percent in today’s trade
Nifty IT Index slid 1.66 percent in today’s trade amid concerns of slowing economic growth may hamper the IT spends of global giants
Source:NSE
Yen slides 1.9% from 2-week high after BOJ sticks to stimulus
The dollar index, which measures the currency against six peers including the yen, rose 0.23% to 104.12, after slipping to the lowest since June 10 at 103.41 overnight
Market at 11.00 AM
Indices trade lower, Sensex down by around 100 points, Nifty above 15,300
The Sensex was trading with a loss of 112 points or 0.22% at 51,383.76 and the Nifty was lower by 43.5 points or 0.28% at 15,317. About 966 shares have advanced, 2085 shares declined, and 122 shares are unchanged.
Source:BSE
#OnCNBCTV18 | System-wide revenue for the company is closer to ₹10,000 crore. Saw 25% growth between April-June over 2019 levels, says Puneet Chhatwal of Indian Hotels pic.twitter.com/bbAR0WaI7X
— CNBC-TV18 (@CNBCTV18Live) June 17, 2022
BSE Oil & Gas index shed 1 percent dragged by the Adani Total Gas, Petronet LNG, Gujarat Gas
Global brokerage Investec karate chops almost the entire cement block
Sees some insanity in the cement sector, punctuated by a few sensible decisions.
Macquarie View On Bharti Airtel Research house Macquarie has kept outperform rating on Bharti Airtel with a target at Rs 845 per share as stock remains a marquee buy idea.A lot of spectrum available in 5G auctions, with flexibility on payments.Research house expect telecom companies to focus on 8 & 3.3 GHz spectrum in dense urban areas. However, ARPU/EBITDA/EBIT/cashflow growth and deleveraging are the catalysts, reported CNBC-TV18.
SBI Mutual Fund bought 8.19 lakh shares (0.2% Eq) of Muthoot Finance via open market on June 15. The total holding now 5.09%.
