MORNING UPDATE JUNE 29TH 2021

MORNING UPDATE JUNE 29TH 2021 

HAVE YOUR TEA AND GET UPDATED ON THE MARKET NEWS

OPEN YOUR DEMAT ACCOUNT USING THE LINK: https://bv7np.app.goo.gl/nNRb13x8ujx3ekQb6

BUY YOUR FIRST CRYPTO BY USING THE LINK:  https://coinswitch.co/in/refer?tag=N8JC



Indices at previous closing

Nifty50: 15,814 ▼ -45 (-0.2%)
Sensex: 52,735 ▼ -189 (-0.3%)
Nifty Bank: 35,359 ▼-5 (-0.0%)

In the news

Tata Motors announces big EV push

  • By 2025, auto major Tata Motors plans to launch ten new electric vehicles (EVs) across its commercial and passenger vehicle segments in India. Not only that, it also plans to manufacture lithium cells in India and Europe to facilitate its EV supply chain. 
  • Meanwhile, the street expects that higher fuel prices and the subsidy push from the government could expedite EV adoption over the next 2-3 years. Meanwhile, shares of Tata Motors were up 1% yesterday and have risen 7.5% so far this month.  

SpiceJet plans to raise money

  • Low-cost carrier SpiceJet’s shares were up 2% yesterday after it announced that it plans to raise fresh capital. The proposal for raising money will be discussed at the board meeting on Wednesday. 
  • This comes at the time when Spicejet and its competitors are facing turbulent times due the pandemic. Earlier last week, Indigo had received approval from its shareholders to raise ₹3,000 crore. On the other hand, market regulator SEBI has temporarily halted the IPO of GoAir due to pending inquiries against the promoters.    

NLC India posts strong Q4

  • The state-owned mining and power company reported a 52% year-on-year jump in its consolidated net profit to ₹756 crore in Q4. Profits were boosted mainly by a rise in other income.
  • In its regulatory filing, the company claimed that its green power generation rose 38% in FY21. Shares of the company rose around 1% yesterday. The results were announced post market hours.

Key data releases this week

Wednesday: Balance of Payments, Current Account
Thursday: Nikkei Markit Manufacturing PMI, Trade Balance

Sectoral indices (28 June)

Top gainersTop losers
Nifty PSU Bank
▲ 2.4%		Nifty Media
▼ 0.6%
Nifty Metal

▲ 1.2%

Nifty IT

▼ 0.4%

Global markets (at 8:00 am)

IndicesToday's movement
SGX Nifty▼ 0.1%
Nikkei 225
(Japan)		▼ 0.8%
Hang Seng
(Hong Kong)		▼ 0.2%
SSE Composite (China)▼ 0.4%
Dow Jones (US)
(28 June)		▼ 0.4%

 

Fact of the day

The iconic film Mughal-e-Azam was produced by Shapoorji Pallonji.


Comments

Post a Comment

Popular posts from this blog

Top 10 Indian Social Media Startups Building For Non-English Users

Image
  Top 10 Indian Social Media Startups Building For Non-English Users                                 Leher: Founded by Vikas Malpani and Atul Jaju in 2018, Leher allows you to host live audio and video discussions with your club members who share the same interests. Despite being early to the live audio scene, Leher didn’t get as much attention as its counterpart Clubhouse. However, their platform now has more than 150,000 users without the help of any investors. Lokal App: Founded by Jani Pasha and Vipul Chaudhary in 2018, Lokal is a hyperlocal news sharing platform that started offering news in Jani’s hometown Kodad in his native language Telugu. They have since expanded their reach by enabling more than 7 million users to access news in their own language. Pocket FM: Founded by Prateek Dixit, Nishanth S and Rohan Nayak in 2018, Pocket FM is an Indian language audio streaming platform that only mana...
Read more

INDIAN STOCK MARKET RECAP 19TH JULY 2021

Image
  INDIAN STOCK MARKET  RECAP 19TH JULY  2021                                    HAVE YOUR DINNER AND GET UPDATED ON THE MARKET NEWS OPEN YOUR DEMAT ACCOUNT USING THE LINK:   https://bv7np.app.goo.gl/nNRb13x8ujx3ekQb6 BUY YOUR FIRST CRYPTO BY USING THE LINK:     https://coinswitch.co/in/refer?tag=N8JC    Nifty50:  15,752  ▼ -171 (-1.0%) Sensex:  52,553  ▼ -586 (-1.1%) The markets had a weak start and the selling accentuated in the second half of the trading session. 39 of the Nifty50 stocks closed in red indicating broad-based selling. Amongst the Nifty sectoral indices, Financial services (-1.9%) and Bank (-1.8%) were top losers whereas Realty (+0.4%) and Pharma (+0.2%) managed to stay afloat.  Top gainers Today's change NTPC ▲ 2.0% BPCL ▲ 1.5% Divis Lab ▲ 1.0%   Top losers Today's change HDFC Bank ▼ 3.2% IndusInd ...
Read more

INDIAN STOCK MARKET MORNING UPDATE JULY 19TH 2021

Image
  INDIAN STOCK MARKET  MORNING UPDATE JULY 19TH 2021  HAVE YOUR TEA AND GET UPDATED ON THE MARKET NEWS OPEN YOUR DEMAT ACCOUNT USING THE LINK:   https://bv7np.app.goo.gl/nNRb13x8ujx3ekQb6 BUY YOUR FIRST CRYPTO BY USING THE LINK:     https://coinswitch.co/in/refer?tag=N8JC                                           Indices at previous closing Nifty50:  15,923  ▼-0.8 (-0.0%) Sensex:  53,140  ▼-18 (-0.0%) Nifty Bank:  35,751  ▼-155 (-0.4%) In the news HDFC Bank reports strong profit growth India’s largest private bank reported a  16.1%  year-on-year growth in net profit to ₹7,729 crore. This was despite the rise in provisioning for bad loans. A rise in net interest income and a sharp jump in other income boosted the lender’s bottom line.   However, the gross bad loans rose from 1.36% in June 2020 to 1.47% in ...
Read more