Stock Market Live: Sensex rises 250 points in early trade; Nifty close to 16200; L&T Lead

Kovid Update: 18,815 cases, 38 deaths reported in India in last 24 hours

The positivity rate is 4.95%, the recovery rate is 98.52% and the mortality rate is 1.21%.

Nifty Sectoral Index largely positive; Realty only in Metal, Red

Global gold ETFs enter second month of outflows, India sees modest inflows: WGC

According to a report by the World Gold Council, global gold exchange-traded funds (ETFs) recorded outflows of 28 tonnes, or $1.7 billion, in June, the second straight month of sell-offs. In India, modest net inflows continued in June, mainly driven by market volatility and depreciation of the rupee attracting investments in Indian gold ETFs.

The Indian rupee fell by 12 paise to 79.25 against the US dollar in early trade

M&Ms up 2%; Will invest up to ₹1,925 crore in new EV company to be set up by British International Investment Company

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Nifty crosses 16,200: M&M, Coal India top gainers, Asian Paints, Tata Steel major laggards

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Sensex Opens: Up 250 Points; M&M, L&T, ICICI Bank top gainers, Titan, Tata Steel, Asian Paints laggards

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Sensex, Nifty up; TCS, M&M eye

Sensex rises 350 points in pre-opening session

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Sensex, Nifty Firms In Pre-Open; Focus on IT stocks

Indian VCs hit RBI wall with foreign investment hurdle

Several Indian funds have immediately petitioned the Securities and Exchange Board of India (SEBI) to reduce the foreign investment limit for alternative investment funds (AIFs) to avoid missing out on deals, but the recent sharp rise in the rupee In the midst of the fall, it is facing an uphill battle. Months, three people aware of the development said.

Foreign investment by Alternative Investment Funds (AIFs) cumulatively reached the limit of $1.5 billion just last week, said one of the people cited above. SEBI allows for all AIFs to invest 25% of the investible corpus of AIFs abroad at an individual level with an aggregate limit of $1.5 billion for all AIFs.

IndiGo reinstates 8% of its pilots’ salaries after facing delays

As IndiGo faced major flight delays due to non-availability of cabin crew, the airline reinstated pilot pay by 8% with effect from August 1. “On March 31, we were able to restore 8% effective from April 1, 2022 and committed to you that an additional restoration of 6.5% will be implemented from November 1, 2022, depending on the environment,” an internal letter sent to pilots read to

Former Japan Prime Minister Shinzo Abe apparently shot during a campaign speech: Report

Gold prices rise due to the weakening of the dollar

Gold strengthened on Friday after the dollar slipped slightly below two-decade highs, but the bullion was set to post its biggest weekly fall in more than a month on increased demand from the greenback. Spot gold was up 0.3% to $1,744.07 an ounce by 0106 GMT. US gold futures rose 0.2% to $1,742.50. The dollar fell below a 20-year high, taking some weight off the greenback-priced gold.

Oil slips in early trade

Oil prices fell after an overnight rally in morning trade. Brent crude futures fell 34 cents to $104.33 a barrel, while US WTI crude was down 39 cents at $102.34.

India Inc’s offshore bond issue at lowest level in 4 years

Foreign borrowing by Indian companies has slowed during the pandemic as interest rates rise, currency weakens and appetite for emerging market bonds dwindles.

Measures announced by the Reserve Bank of India to ease foreign borrowings by companies, including doubling the annual limit to $1.5 billion under the automatic route and raising the overall cost limit for foreign loans, though welcome, encouraged the market. Will do very little to do. near term, experts said. ,full report)

Stocks to watch: TCS, M&M, Tata Power and others in focus

here is the list Top 10 Stocks Which will be in focus today.

Indian indices likely to rise on Friday on strong global cues

Indian stock indices may trade strongly on Friday due to strong global cues. Thursday continued its northward journey for the second consecutive session. SGX Nifty is also trading higher, indicating a positive start for domestic equities. IT stocks will remain the focus as TCS today reported its first quarter earnings.

On Thursday, the BSE Sensex closed 427 points higher at 54,178, while the Nifty closed 143 points higher at 16,133.

Asian markets rally

Stocks in Asia climbed on Friday, fueled by the prospect of major stimulus in China as well as hopes that policymakers can get inflation under control without a global economic slowdown.

Japan, Hong Kong and China helped the Asian stock index add about 1%. US and European equity futures were volatile.

Wall Street ends firmly overnight

US stocks rallied for a fourth straight day on optimism that the Federal Reserve would be able to curb inflation without plunging the economy into recession.

The S&P 500 rose 1.5%. The Dow Jones Industrial Average rose 1.1%, while the Nasdaq closed up 2.3%.