Sensex Today | Share Market Live Updates: Sensex, Nifty might start at new highs; Gift Nifty in green

livemint.com:

₹50 crore in Indian stocks today.The ECB raised its key interest rate to an all-time record-high level on Thursday and signalled this will likely be its final move in a more-than-a-year-long fight against stubbornly high inflation. The decision raised the benchmark deposit rate to 4%, up drastically from minus 0.5% just a little more than a year ago and the highest since the euro was established in 1999.One report from the US said that shoppers spent more at retailers last month than economists expected.

Such spending has been a linchpin for the economy, but it could also encourage retailers to keep trying to raise prices further.Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher recommends these stocks for day trading:1] BHEL: Buy at ₹129.90, target ₹140, stop loss ₹127;2] Bank of Maharashtra: Buy at ₹43.95, target ₹50, stop loss ₹42; and3] VIP Industries: Buy at ₹693.40, target ₹730, stop loss ₹682. (Read More)EbixCash Ltd, payment services company that plans to go public, is yet to disclose in its draft share sale documents an adverse arbitration order passed by a Singapore court in June that could cost it ₹100-200 crore.The firm, a unit of Nasdaq-listed Ebix Inc., received the markets regulator’s approval for a ₹6,000 crore IPO in April.EbixCash purchased gift card provider ITZCash in 2017 and rebranded it to Ebix Payment Services (EPS), which now forms a big chunk of its business.

Vyoman Tradelink Ltd—the original promoter of ITZCash—continues to hold a 20% stake in the business and took Ebix to an arbitration court in 2019 over its failure to make some earn-out payments. (Read More)Tata Motors Ltd.