Buying in IT stocks - spurred by a global trend - accounted for the bulk of the gains in the benchmark indices
CLOSING BELL: Sectorally, the broad-based rally saw the Nifty Auto index ending with 2-per cent gain, and the Nifty Metal index with 1.6-per cent rally
Stocks to watch today: Adani Enterprises subsidiary raised over Rs 6,000 crore to set up greenfield copper refinery; State-run IOB will boost advances across retail, corporate and MSME loans this year
Nine of the 10 most valued firms added Rs 2.51 lakh crore to their market valuation last week, with Tata Consultancy Services emerging as the biggest gainer
It is difficult to purchase such stocks during bull runs when their valuations turn exorbitant
CLOSING BELL: Auto, banking, and FMCG stocks took the centre stage today as easing commodity prices eased input cost and credit off-take pressures
Stocks to Watch today: ONGC overseas arm ONGC Videsh has made an oil discovery in a recently drilled well Urraca-IX in CPO-5 block, Llanos Basin, Colombia.
Experts said a fall in oil prices and other key commodities are a silver lining in the domestic market
CLOSING BELL: Maruti Suzuki, Eicher Motors, Hero MotoCorp, Bajaj Auto, M&M, and Tata Motors were the top Nifty gainers, advancing between 3.5 per cent and 6.7 per cent
Stocks to Watch today: The US FDA has issued Glenmark Pharma form 483 with 6 observations for its Baddi Unit, which was inspected between June 13-22, 2022.
Experts said risk aversion among investors is due to scepticism over whether policymakers will be able to achieve aggressive monetary tightening to tame inflation without triggering recession
CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.
Market players also attributed technical factors to the rebound and said it is too early to call it a reversal in fortunes
CLOSING BELL: Beaten down PSB, Metal, and Energy (Oil and Gas) indices rose the most in today's trade. Related indices advanced between 4 per cent and 4.5 per cent
If 14,500 support levels for Nifty are breached, a dip till 13,250 is possible
On June 16, the firm had set a target price of Rs 3,170 per share, saying RIL was amongst the few large companies in India with a positive earnings revision cycle
In the previous session, both indices had finished at their lowest levels since May 2021 after dropping over 7 per cent in six straight sessions
Even those who know fundamentals-based investing must subject themselves to periodic reality checks
CLOSING BELL: This was the first gain for benchmark indices in seven days
Experts remain sanguine on the domestic markets' ability to turn around and believe robust domestic inflows, strong economic indicators, and cheap valuations will strengthen the markets