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Showing posts from July, 2022

Battle for 5G spectrum auction heats up

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In what could be straight out of a ‘Stranger Things’ episode, an unusual   red glow   over the Atlantic Ocean set cyberspace abuzz. Thankfully, Indian markets did not play ‘matchy-matchy’ and closed in the green.   Markets reversed early losses to close higher, snapping a two-day losing streak. In all, 46 of the Nifty50 stocks closed in the green. Investors await the outcome of the US Fed meeting scheduled later in the day. All of the Nifty sectoral indices closed in the green with Pharma (+2.3%) and Media (+2.1%) seeing maximum gains.   NIFTY50 16,641 ▲ 157 (+0.9%) SENSEX 55,268 ▲ 547 (+0.9%)   What's up   ▲ STOCK TODAY'S CHANGE Sun Pharma 895 ▲ 27 (+3.1%) SBI 528 ▲ 14 (+2.7%) Divi's Lab 3,784 ▲ 97 (+2.6%)     What's down   ▼ STOCK TODAY'S CHANGE Bharti Airtel 675 ▼ 9.1 (-1.3%) Bajaj Auto 3,882 ▼ 42 (-1.0%) HDFC Life 520 ▼ 1.7 (-0.3%)     What’s trending? Piramal’s NBFC plan on track   PEL (NSE): 1,804   ▲ 41 (+2.3%)   The diversified conglomerate said it has recei

5G auction kicks off, Bajaj Auto rides on price hikes

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With bears prevailing for the second straight day, we are wondering where the bulls are? Well, in an unlikely scenario, a man was seen ‘playing’   basketball   with a bull. But, we hope they level the playing field again soon in the markets. Markets extended the losing streak for the second straight day amid mixed global cues. In all, 38 of the Nifty50 stocks closed in the red. China’s economic recovery   gained momentum   in July as business activities resumed despite pandemic-related disruptions. Among the Nifty sectoral indices, Media (+0.8%) was the sole gainer, whereas IT (-2.8%) and FMCG (-1.3%) were the top losers. NIFTY50   16,483   ▼ 147 (-0.8%) SENSEX   55,268   ▼ 497 (-0.8%) What's Up   ▲ STOCK TODAY'S CHANGE   Bajaj Finserv 13,292 ▲ 672 (+5.3%)   JSW Steel 595 ▲ 10 (+1.7%)   Grasim 1,515 ▲ 16 (+1.1%)   What's Down   ▼ STOCK TODAY'S CHANGE   Infosys 1,450 ▼ 52 (-3.5%)   HUL 2,542 ▼ 80 (-3.0%)   Axis Bank 706 ▼ 20 (-2.8%)    What’s trending?   5G auction kicks