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Jun 1, 2022 4:51 PM

Long-term support for Tata Steel at Rs 900-950: Ruchit Jain

Ruchit Jain of 5paisa.com is of the view that Tata Steel shares are likely to test its long-term support at Rs 900-950 in the short to medium term. "Investors must buy partly at current levels and if the stock dips around Rs 900-950, one can add more over there. Tata Steel is definitely a 'buy' but in parts," he says.

Jun 1, 2022 4:51 PM

Positive on largecap IT, buy on Infosys for target close to Rs 1,400: Neeraj Deewan

Neeraj Deewan, Director at Quantum Securities, tells CNBC-TV18 that he's positive on largecap IT stocks. He believes that at 20 times 2024 earnings, Infosys looks like a good buy.

Jun 1, 2022 4:30 PM

50-day exponential moving average has been acting as crucual resistance for Nifty50: Rupak De

Rupak De, Senior Technical Analyst at LKP Securities, believes the trend remains sideward for the near term. "Support is visible at 16,400 and resistance likely to remain intact at 16,700," he says.

Jun 1, 2022 4:18 PM

Rakesh Jhunjhunwala reduces stake in Delta Corp to 6.2% from 7.5%

Jun 1, 2022 3:51 PM

Market At Close | Sensex and Nifty50 off day's lows as banking stocks help market trim losses

Here are some highlights:

--Bajaj Auto shares down four percent on weak monthly sales and muted near-term outlook

--Ashok Leyland, Maruti, TVS, Tata Motors report in line or better-than-expected monthly sales

--Tractor majors M&M, Escorts sales better than estimates

--Hindalco, Vedanta, Nalco slip on weak global prices

--IT stocks drags market

--Nifty IT top loser among NSE's sectoral gauges

--Astral jumps five percent on positive commentary in analyst meet

--Delta Corp drops three percent after Rakesh Jhunjhunwala cuts stake in co

--ICICI Prudential, Torrent Power, BEL, Astral, Voltas, HAL, Dr Lal top midcap gainers

--Syngene, Piramal Enterprises, SRF, Marico, Mphasis top midcap losers

--Market breadth favours bulls, advance-decline ratio at 5:4

Jun 1, 2022 3:47 PM

Jun 1, 2022 3:39 PM

Closing Bell | Sensex, Nifty50 extend losses to second straight day

The Sensex drops 185.2 points or 0.3 percent to end at 55,381.2 and the Nifty50 settles at 16,522.8, down 61.8 points or 0.4 percent from its previous close.

Jun 1, 2022 3:39 PM

Infosys dispels slowdown fears but Street isn't in buying mood yet

Infosys' management expects a 13-15 percent increase in revenue growth in constant currency terms, with an aim to expand market share in the Cloud and digital sector to drive the next cycle of growth. The Street, however, is not so convinced.

The Infosys stock is trading under pressure, a day after the management tried to dispel growth fears owing to macro headwinds and industry dynamics, particularly over retaining talent. (Read more)

Jun 1, 2022 3:30 PM

Infosys dispels slowdown fears but Street isn't in buying mood yet

Infosys management expects a 13-15 percent increase in revenue growth (in constant currency terms) with an aim to expand market share in the cloud and digital sector to drive the next cycle of growth. The Street, however, remains not so convinced.

Infosys stock price is trading under pressure, a day after the management tried to dispel growth fears owing to macro headwinds and industry dynamics, particularly over retaining talent. (Read more)

Jun 1, 2022 3:29 PM

Street is upbeat on this firm that makes nearly a million Samsung phones a month

Dixon Tech shares extended gains to a fifth straight session as investors continued to cheer on the company's mobile and electronic manufacturing services business, which boosted its profitability in the January-March period. The company's revenue from the mobile and EMS unit has increased more than threefold sequentially. (Details here)

Jun 1, 2022 3:17 PM

How aviation stocks reacted to jet fuel price cut

After the price of jet fuel in Delhi was reduced for the first time this year shares of domestic airlines – IndiGo and SpiceJet – moved in different directions. Shares of InterGlobe Aviation — IndiGo's parent firm — rose initially but gave up the gains and traded lower in afternoon deals while SpiceJet stock cheered the rate cut and jumped 2 percent during the day.(More details here)

Jun 1, 2022 3:15 PM

Rakesh Jhunjhunwala cuts stake in Delta Corp

Rakesh Jhunjhunwala has reduced his stake from 7.5 percent to 6.2 percent since March 31. Here's how the development impacted the stock

Jun 1, 2022 3:02 PM

Aviation stock rise

Jun 1, 2022 2:26 PM

Market Updates

-Nifty turns from 16,650, breaches Monday low

-IT stocks lead decline again, Banks resilient

-Broader market has eked out selective gains

-US futures indicating more volatility

Jun 1, 2022 2:20 PM

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