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Market LIVE Updates: Sensex falls 500 pts, Nifty below 15,500; metals worst hit – Moneycontrol

June 22, 2022 / 12:20 PM IST

Greenlam Industries executes share subscription agreement with Smiti HoldingGreenlam Industries has executed a share subscription agreement with Smiti Holding and Trading Company for allotment of upto 63.1 lakh equity shares at a price of Rs 309 per share. 

June 22, 2022 / 12:15 PM IST

Long-term investors should buy the coming dips, says Sandeep Bhatia of Macquarie Group

Long-term investors should buy the coming dips, says Sandeep Bhatia of Macquarie Group

We expect another 10% correction in the market as India’s valuation is still most expensive among emerging markets, We have a Nifty target of 14500

June 22, 2022 / 12:07 PM IST

Market at 12 PMBenchmark indices continued to trade lower with Nifty below 15500.At 12:05 IST, the Sensex was down 516.77 points or 0.98% at 52015.30, and the Nifty was down 172.40 points or 1.10% at 15466.40. About 1212 shares have advanced, 1752 shares declined, and 112 shares are unchanged.

Market at 12 PM     Benchmark indices continued to trade lower with Nifty below 15500.    At 12:05 IST, the Sensex was down 516.77 points or 0.98% at 52015.30, and the Nifty was down 172.40 points or 1.10% at 15466.40. About 1212 shares have advanced, 1752 shares declined, and 112 shares are unchanged.

June 22, 2022 / 12:07 PM IST

ALERT | US Futures at day’s low, with Dow Futures down over 300 points

June 22, 2022 / 11:58 AM IST

Nifty Pharma Index fell 1 percent dragged by Granules India, Biocon, Strides Pharma Science

Nifty Pharma Index fell 1 percent dragged by Granules India, Biocon, Strides Pharma Science

June 22, 2022 / 11:52 AM IST

IT stocks down up to 50% from 52-week highs but analysts still won’t signal ‘buy’

IT stocks down up to 50% from 52-week highs but analysts still won't signal 'buy'

Economic uncertainty, FII outflows and a possible recession in the US continue to cloud the outlook for the sector in the short as well as medium term, analysts say

June 22, 2022 / 11:46 AM IST

Jefferies View On Reliance Industries

Research house Jefferies has maintained buy rating on Reliance Industries with a target at Rs 2,950 per share, with likely earnings upgrade.

The correction offers the opportunity, while there are tailwinds to refining margin in CY22.

The company could deliver 60% sequential growth in O2C EBITDA in Q1FY23.

Reliance Industries was quoting at Rs 2,537.75, down Rs 46.80, or 1.81 percent on the BSE.

June 22, 2022 / 11:38 AM IST

Cyient strengthens its V&V factory with CyFAST

Cyient announced the launch of an AI-Powered Framework for Automated System and Software Testing (CyFAST), to accelerate end-to-end test automation. 

Cyient was quoting at Rs 797.75, down Rs 4.60, or 0.57 percent.

June 22, 2022 / 11:32 AM IST

BSE Midcap index shed 1 percent dragged by the Jindal Steel, Sun TV Network, IDFC First Bank

BSE Midcap index shed 1 percent dragged by the Jindal Steel, Sun TV Network, IDFC First Bank

June 22, 2022 / 11:27 AM IST

The metal index was down over 3 percent dragged by NALCO, JSPL, Hindalco and SAIL

The metal index was down over 3 percent dragged by NALCO, JSPL, Hindalco and SAIL

June 22, 2022 / 11:17 AM IST

Rolling returns: 7 out of 10 times this paint stock turned multibagger if held for 3 years

Rolling returns: 7 out of 10 times this paint stock turned multibagger if held for 3 years

Moneycontrol analysed the performance of India’s Big 3 paint players over the last 15 years and here is what we found

June 22, 2022 / 11:07 AM IST