Sensex adds 86 pts; GNFC, JK Paper surge 12% each, auto stocks slide

CLOSING BELL: Sectorally, the Nifty Pharma index was the best performing index, rising 2.5 per cent on the NSE. The Nifty Auto index, on the other hand, slipped 0.4 per cent

4:15 PM

Technical View: Rupak De, Senior Technical Analyst at LKP Securities

Nifty consolidated during the day, which can be taken as a pause before the next directional move. On the higher end, 16700 is likely to act as a resistance to the rising index value. A decisive move above 16700 may induce a rally towards 17000. On the lower end, the support is visible at 16400-16380 below which Nifty may witness a correction.
 

 

 

 

4:13 PM

Market view: Vinod Nair, Head of Research at Geojit Financial Services

After the strong recovery during the week, the domestic market trend turned cautious on Friday, as focus shifted to next week’s upcoming issues like inflation, BoE & US Fed policy. US CPI inflation recorded a 40 year high due to high gasoline, food and housing cost, adding doubts to global trend. Inflation levels in India & abroad are poised to rise even higher in March, though on a temporary basis, considering the impact of the Russia-Ukraine issue. However, if developments goes well like diplomatic progress on war, revert of commodity price and in-line rate hike decision, stock market trend should be stable & healthy as recent negative factors are largely factored in the price correction.

4:02 PM

European markets trade on a positive note

3:57 PM

Brent crude hovers around $112 a barrel

3:53 PM

Closing bell: Fertilizer stocks upbeat; GNFC scales over 12%

3:51 PM

Closing bell: Sugar stocks sweeten market mood; Balrampur Chini spurts over 8%

3:48 PM

Closing bell: Broader markets trade firm; India Vix slips in red

3:47 PM

Closing bell: Pharma top sectoral performer; Auto, IT, Media stocks take a breather

3:42 PM

Closing bell: Top 10 Nifty 50 losers; Nestle, Maruti weighs on index

3:40 PM

Closing bell: 16 out of 30 Sensex stocks close in green

3:39 PM

Closing bell: Top 10 Nifty 50 performers; Cipla, BPCL lead the index

3:36 PM

Closing bell: Over 1,200 stocks advanced while 782 declined

3:33 PM

Closing bell: Sensex closes in green, above 55,500 levels

3:32 PM

Closing bell: Nifty 50 closes above 16,600 levels

3:26 PM

Closing cues: Paper stocks abuzz in trade; JK Paper soars above 11%

3:19 PM

Sugar stock on a roll; Balrampur, Triveni, Dhampur, Dwarikesh hit new highs

With a favourable mix of ethanol towards B-heavy/juice (feedstock) coupled with higher sugar realisations; operating margins of sugar companies are expected to improve. READ MORE

3:18 PM

Closing cues: Sun pharma, Dr Reddy's top Sensex gainers

3:03 PM

US stock futures hold marginal gains

 

2:50 PM

Ahead of IPO, LIC's net surges to Rs 234 cr in Q3FY22

Ahead of its initial public offering (IPO), Life Insurance Corporation’s (LIC) net profit surged to Rs 234.91 crore in September – December quarter (Q3FY22), owing to the change in surplus distribution model, wherein shareholders will now get a larger share of the surplus than earlier. In the same period last financial year, LIC’s net profit totaled Rs 0.91 crore. For the 9 months ended FY22 (April – December), net profit of the insurer stood at Rs 1,642.78 crore. READ MORE

2:48 PM

NEWS ALERT: 'Volunteer' fighters from Middle East approved to join Russia's Ukraine offensive

2:48 PM

Pharma stocks make a comeback; Cipla, Laurus labs soars above 5%

2:39 PM

Automobile dispatches dip 23% in Feb as supply challenges continue: SIAM

Automobile dispatches from factories to dealerships across the country declined 23 per cent in February, as various supply-side challenges, including semiconductor shortage, and rise in vehicle prices due to the implementation of new regulations continued to impact demand scenario, industry body SIAM said. Read here

2:23 PM

HDFC, Bajaj Finserv: Here's how to trade HDFC and Bajaj group stocks

HDFC and Bajaj Group stocks were trading mixed on Friday as financial shares witnessed a rebound in trade. While HDFC twins gained up to 1 per cent in the intra-day trade, Bajaj duo posted up to 2 per cent jump. Both the group shares were bruised badly over geopolitical tension of Russia invading Ukraine as commodity-linked supply shocks dented global growth outlook. READ MORE HERE

 

2:15 PM

Surge in global energy prices will hurt India, says IMF MD Georgieva

India has been very good at managing its finances but the surge in global energy prices is going to have a negative impact on its economy, said Kristalina Georgieva, the Managing Director of the International Monetary Fund. Read more

 

2:03 PM

BSE SmallCaps outpace weak market trend; up 0.6%

 

1:52 PM

NEWS ALWERT :: Nickel price spike a 'systematic risk' for the market, says LME

1:42 PM

Pharma majors rule gains on Nifty50; Cipla tops with 4% upmove

 

1:31 PM

Paper stocks rally; JK Paper, TN Newsprint, West Coast surge up to 14%

Paper stocks rallied on expectation that reopening of offices, educational institutions and courts will lead to regularization of demand. READ MORE

1:21 PM

Auto is an extremely attractive contrarian bet: Shiv Sehgal, Edelweiss

Despite the correction, the analysts says valuations relative to other emerging markets (EMs) haven't yet come off. Thus, FIIs are a bit cautious. READ FULL INTERVIEW

1:10 PM

Bulls v/s Bears: 70 stocks hit 52-week highs v/s 10 stocks slip to 52-week lows

Arihant Capital Markets, Balrampur Chini, Cipla, GNFC, Mirza International and Sun Pharma among 70 stocks to register a fresh 52-week intraday high in trades so far today. Whereas, Procter & Gamble and SMS Pharma among 11 shares to touch a new 52-week low on the BSE.