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Business News/ Markets / Live Blog/  Sensex ends 4-day losing streak, adds 345 pts; Nifty reclaims 16K; autos zoom
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Sensex ends 4-day losing streak, adds 345 pts; Nifty reclaims 16K; autos zoom

Stock Market Closing: Sensex and Nifty snapped four days of losing streak helped by auto, FMCG stocks. Metals and PSU Banks ended weak. HUL, Titan and Maruti surged over 2.5% each

Stock market today: Earnings of companies will be in focus. (Reuters)Premium
Stock market today: Earnings of companies will be in focus. (Reuters)

Indian benchmark share indices rebounded on Friday after four days of decline and closed with decent gains led by auto and consumer goods companies. Global shares were mixed after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home.

15 Jul 2022, 08:32:36 AM IST

KKR may sell stake in Max for ₹12,000 crore

KKR & Co. Inc., the largest shareholder of Max Healthcare Institute Ltd, plans to sell its entire stake in India’s third-largest hospital chain for around ₹10,000-12,000 crore, two people familiar with the development said.

The New York-based private equity firm is in talks with strategic and equity investors, including private equity firms, family offices, and wealthy individuals, to sell its 27.54% stake in the hospital chain, one of the two told Mint. (Read more)

15 Jul 2022, 08:23:08 AM IST

Indian indices likely to open flat, remain under pressure

Benchmark indices Sensex and Nifty are likely to see subdued opening on Friday tracking weak global cues. SGX Nifty also indicated a flat start for domestic indices. On Thursday, markets gave up early gains to close lower for a fourth straight session with he 30-share Sensex closing 98 points lower at 53,416.15 while Nifty ending 0.18% lower at 15,938.70.

15 Jul 2022, 08:14:39 AM IST

Stocks to Watch: Adani Ports, Dabur, L&T Infotech, ACC, Tata Elxsi

Jindal Steel & Power, Federal Bank, Aditya Birla Money, Den Networks, Just Dial, L&T Technology Services, Oberoi Realty, will also be in focus as they declare their June quarter earnings today. (Read more)

15 Jul 2022, 08:06:27 AM IST

Gold set for longest run of weekly losses since 2018

Gold is heading for its fifth weekly loss, the longest streak of such declines in almost four years, with its haven credentials sidelined by investors becoming super-bullish on the US dollar.

Gold slumped below $1,700 an ounce on Thursday for the first time in almost a year, while Bloomberg’s dollar gauge climbed to a record.

15 Jul 2022, 07:57:32 AM IST

Crude oil prices climb

Oil prices rose in early Asian trading on Friday amid uncertainty around how aggressive the U.S. Federal Reserve will be in hiking interest rates to combat rampant inflation.

Brent crude futures for September delivery rose 80 cents, or 0.8%, to $99.90 a barrel, while WTI crude rose 69 cents, or 0.7%, to $96.47 a barrel.

15 Jul 2022, 07:43:22 AM IST

China's Q2 GDP growth slows sharply to 0.4% year on year, missing forecast

China's economic growth slowed sharply in the second quarter, expanding 0.4% year-on-year and missing expectations, official data showed on Friday, as widespread lockdowns to curb record COVID cases hit industrial activity and consumer spending.

15 Jul 2022, 07:40:04 AM IST

Asian stocks fall due to worries over US inflation

Stocks fell in Asia on Friday as the dollar held a surge that underscores concerns about a global economic slowdown as monetary policy tightens to tackle inflation.

MSCI Inc.’s Asian share gauge dropped for a second day, including a more than 1% drop in commodity-exporter Australia amid lower raw material prices.

The benchmark Nikkei 225 index was down 0.04%, at 26,632.24 in early trade, while the broader Topix index was down 0.51%

15 Jul 2022, 07:29:48 AM IST

Wall Street ends lower

Wall Street stocks finished mostly lower Thursday following another troubling inflation report as disappointing banking earnings set a downcast tone about the second-quarter earnings season.

The Dow Jones Industrial Average fell 142.62 points, or 0.46%, to 30,630.17, the S&P 500 lost 11.4 points, or 0.30%, at 3,790.38 and the Nasdaq Composite added 3.60 points, or 0.03%, at 11,251.19.

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