Chris Wealth Management

The domestic market witnessed extended selling pressure as investors eagerly awaited the domestic inflation data due on Monday as the RBI refrained from an aggressive cut in their inflation forecast. The market is hopeful that the CPI inflation for May will further moderate from its current level of 4.7%. In addition to the domestic factors, global cues also failed to provide support, as the US reported high unemployment claims ahead of the release of the inflation figures and the Fed meeting.

Closing Bell: Sensex falls for 2nd straight day, ends 223 pts lower; Nifty below 18,600; HAL rallies 6%, Voltas drops 3%

LIC raises stake in Steel Authority Of India to 8.687%

Greenlam Industries, engaged in surface decor business, on Friday said it has commenced commercial production at its greenfield facility in Tamil Nadu, set up at an investment of Rs 125 crore, through its subsidiary company HG Industries Ltd.

Indoco Remedies on Friday said it has received the EU GMP certification for its manufacturing site located in Himachal Pradesh. The company has received EU GMP certification from the competent health authority of Germany for its manufacturing site situated in Solan district of Himachal Pradesh.

Profit booking in rising market along with probable expenses towards vacation, education could have led to lower investments in mutual funds in May

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Raghuvansh Agrofarms names Ashish Verma as CFO

SIP Inflows at a record high in May

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Shares of smallcap laminate producer Greenlam Industries zoomed 11% to Rs 446 in Friday's intraday trade on BSE after the company announced that it started commercial production at its Tamil Nadu manufacturing plant.

Nikkei posts ninth straight weekly gain after special quotation price gets fixed

Manappuram Finance considering options for raising funds through borrowing

No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October. In the intervening period, the airline is working on restoring and reviving its grounded aircraft which will start returning back to service soon, SpiceJet said in a statement.

Allcargo Logistics completes acquisition of 30% stake from KWE in Gati subsidiary.

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HDFC Bank Ltd will keep home loans at the centre of its growth strategy after a merger with HDFC Ltd is concluded, with such credit likely to make up nearly a third of the bank's portfolio going forward, two senior officials at the group said. (Source: Reuters)

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Aether Industries has signed a license agreement with Saudi Aramco Technologies Company for the commercialization of the sustainable Converge polyols technology.

Zydus Lifesciences announces phase IV Evidences-XI trial

The Board of Hindustan Aeronautics Ltd (HAL) will meet on June 27 to consider and approve a proposal to split its equity shares.

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IEX tumbled 10% after reports that CERC is likely to undertake the process of market coupling in a timely manner. The market-based economic dispatch function might move to POSOCO organisations. The move might take away IEX's moat of being the platform for price determination.

Rupee rises 4 paise to 82.47 against US dollar in early trade.

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Opening Bell: Sensex rises 100 points, Nifty above 18,650; EKI Energy surges 11%, IEX tanks 10%

BLOCK DEAL | Kotak Mahindra Bank's 3.3 crore shares change hands

Pre-open session: Sensex dips 35 points; Nifty below 18,640

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Wall Street ends up amid record low volatility ahead of eventful week

Rupee gains 1 paisa to close at 82.51 against US dollar

Markets Live Updates: Oil prices fall on demand fears, headed for second weekly loss

Sensex, Nifty on Thursday

Rupee falls 5 paise to close at 82.57 (provisional) against US dollar.

Closing Bell: Sensex snaps 4-day winning streak, ends 294 pts lower; Nifty below 18,650; YES Bank gains 4%, HPCL drops 4%

SENSEX TODAY | Index falls 250 points, hits day's low

India's OIS markets push rate-cut bets to 2024

Tanla Platforms's Board approves the acquisition of 100% of the paid-up share capital of ValueFirst Digital Media.

Zydus receives final approval from the USFDA for Esomeprazole Magnesium for Delayed-Release Oral Suspension, 20 mg and 40 mg.

RBI’s policy announcement today was a continuation from the previous meeting and can be compared to Sinhavalokan, where MPC, like the proverbial lion, pauses and looks back to better assess the ground it has covered thus far. While CPI has eased to below RBI’s upper tolerance limit of 6%, Governor Das’s repeated emphasis of 4% target were likely aimed at preventing financial conditions from easing prematurely thus hindering the disinflation process while also providing RBI flexibility to react to global developments as required. If domestic CPI trajectory broadly proceeds along RBI’s projections, we believe that repo rate at 6.5% should provide sufficient disinflationary force to nudge inflation towards RBI’s target level. We are thus likely in a phase of prolonged pause for now.

Japan's Nikkei falls for second day as tech rally loses steam; Eisai jumps

India's Housing Development Finance Corp (HDFC) plans to raise up to 200 billion rupees ($2.42 billion) through the sale bonds maturing in 10 years, three bankers said on Thursday.