Indices at previous closing
Nifty50: 15,691 ▼-76 (-0.4%)
Sensex: 52,323 ▼-178 (-0.3%)
Nifty Bank: 34,605 ▼-398 (-1.1%)
In the news
Showtime soon for multiplexes
- After a pandemic-hit 2020, multiplexes are expecting a fast recovery in the months ahead as a slew of bollywood movies are expected to be released. Bollywood’s first big release of the year will hit the cinema halls in July 2021.
- According to reports, around 15 big-banner Bollywood movies are expected to hit theatres this year, along with 35-40 medium-budget films. The demand revival could be on cards for multiplexes as the vaccination drive picks up pace. Shares of Inox Leisure and PVR have risen by 10% and 16%, respectively during this fiscal.
PharmEasy to buy stake in Thyrocare
- According to reports, PharmEasy is in talks to buy a stake in diagnostics services provider Thyrocare. PharmEasy became India’s largest medicine delivery platform after its acquisition of its peer Medlife.
- PharmEasy, which is valued at $1.8 billion, is reportedly preparing to launch its IPO. Shares of Thyrocare have risen over 23% so far in June. They closed 2.4% higher today, in contrast to the fall seen in peers like Dr Lal PathLabs (-0.1%) and Metropolis (-1.2%).
Gold loses shine as dollar rises
- Gold prices fell by more than 3% on Thursday amid rising US dollar index. This comes after the Federal Reserve on Wednesday said that it could take at least two interest rate hikes by 2023.
- What is further adding pressure on gold prices is the weak consumer demand due to lockdowns.Gold prices were trading at their six-week low. In this calendar year, the gold prices have fallen by around 5% to ₹49,265 per 10 gram in Mumbai in this calendar year.
Sectoral indices (17 June)
| Top gainers | Top losers |
| Nifty IT ▲ 0.5% | Nifty Metal ▼ 2.3% |
| Nifty FMCG ▲ 0.1% | Nifty Realty ▼ 1.6% |
Global markets (at 8:00 am)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.4% |
| Nikkei 225 (Japan) | ▲ 0.3% |
| Hang Seng (Hong Kong) | ▲ 0.7% |
| SSE Composite (China) | ▲ 0.0% |
| Dow Jones (US) (17 June) | ▼ 0.6% |
Fact of the day
Glaciers and ice sheets hold about 69 percent of the world's freshwater.
Yay 👍 or Nay 👎?
We'd love your thoughts on this morning update.
If you haven't already, open your Upstox account to get IPO-ready today! Click here to sign up.
To catch our latest educational videos, join our Telegram channel here.