Sensex snaps 7-day losing run, soars 1,329 pts; Nifty tops 16650; PSBs zoom

CLOSING BELL: Sectorally, the Nifty Realty and PSB indices logged the sharpest rebound today with 5 per cent gain each on the NSE

4:24 PM

Nifty technical watch | Recovery may continue if index holds 16,550

"The formation of bullish ABCD pattern helped a recovery in Nifty as the benchmark index ended at 410 points high over the previous closing. However, the Friday’s recovery has found initial resistance at the resistance zone 16700-16750. Going forward, the recovery may continue as long as 16550 is held decisively," said Rupak De, Senior Technical Analyst at LKP Securities.

4:22 PM

Investors partially recover Thursday's wealth erosion; gain Rs 8 trillion

4:17 PM

Unnerved investors seen relieved with today's rally; India VIX falls 16%

 

4:07 PM

Paytm now a part of Nifty Next50; Stock gains over 1%

4:05 PM

Adani Power rallies 11% as SC orders Rs 4200 crore tariff payment to company

As per reports, the Supreme Court held that 3 Rajasthan discoms are in contempt of SC Order of 2020 and directed them to pay compensatory tariff of Rs 4,200 cr to Adani Power in four weeks.

 

 

4:02 PM

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

Domestic indices staged a firm recovery tracking positive cues from global markets and took advantage of lower valuations following the massive sell-off in the previous session. Global markets took a breather as the fresh US sanctions did not target Russia's oil exports nor their access to the Swift global payment network. However, the market will continue to remain volatile tracking new developments in the Russia-Ukraine war.

4:01 PM

DLF skyrockets 9% after global brokerage CLSA upgrades stock to 'buy'

 

3:58 PM

Vedanta soars 7% as CRISIL upgrades long-term debt rating

CRISIL Ratings has upgraded the rating on Vedanta Ltd's long-term bank facilities and debt instruments from “AA-” to “AA” on stronger-than-expected operating profitability driven by elevated commodity prices during FY22.

 

3:55 PM

Fantastic friday: Over 2,600 equities advance while 729 decline

3:54 PM

Airline stocks surge on reports govt may resume regular flights from March 15

Reports said the civil aviation ministry has decided to resume regular international flights from March 15 onwards. 

 

3:50 PM

FMCG counters only losers on Nifty50 as high commodity prices raise concerns

 

3:48 PM

Sectoral uptick: BSE Metals, Realty top performers; Telecom, Bank, IT, Auto move 3% up

 

3:44 PM

Broader markets outrun benchmarks; Nifty SmallCap 100 index up nearly 5%

 

3:40 PM

Sensex-30 Heatmap : Nestle sole loser; Banks chart day's recovery

 

3:37 PM

Closing Bell : Nifty 50 benchmark gains 2.5% to close above 16,650

 

3:34 PM

Closing Bell : Benchmarks snap 7-day losing streak, Sensex jumps 1,329 points

The benchmark sensex sharply recovered previous day's losses.

 

3:28 PM

Six direct SpiceJet flights to Bangkok from March 10; Stock flies over 8%

SpiceJet on Friday said it will start six flights between India and Bangkok from March 10 onwards. READ MORE HERE

 

3:22 PM

BSE Stats: 290 stocks freeze in upper circuit vs 300 in lower band

 

3:10 PM

BSE Metal Index best sectoral performer; JSPL, Coal India shines above 7%

3:00 PM

Adavnced Enzyme, NBCC, Vinati Organic trade up to 17% higher from BSE 500 pack

 

2:48 PM

NEWS ALERT | Ukraine's nuclear agency records increased radiation levels from Chernobyl site

2:38 PM

Brent crude oil cools off mildly, hovers around $100 a barrel

Source: Oilprice.com

2:26 PM

Global check: US Futures extend slump; Dow futures down over 300 points

Source: Reuters

2:21 PM

Broader markets outperform benchmarks, BSE MidCap up 4%

 

2:04 PM

European indices open with modest gains tracking global market pullback

European stocks were higher in early Friday trades, tracking gains in Asia as market participants assessed the impact of Western sanctions against Russia. 

source: yahoo.com

1:48 PM

NMDC surges 5% on hiking iron ore prices

NMDC has raised prices of lump ore by Rs 400 to Rs 5,600/tonne & fines prices by Rs 300 to Rs 4,560/tonne. Read here

 

1:34 PM

Legal or illegal? SC asks Centre to make its stand clear on Bitcoins

The Supreme Court on Friday asked the Centre to make its stand clear on Bitcoins. Currently, there is no regulation or any ban on the use of cryptocurrencies in the country.  The Reserve Bank of India's order banning banks from supporting crypto transactions, was reversed in March 2020, by the Supreme Court. READ MORE

1:23 PM

Russian markets make a comeback; RTS Index climbs over 28%

1:11 PM

Trading strategies for oil-related stocks as Brent crude tops $105-level

SpiceJet, Berger Paints and BPCL look weak on charts, while ONGC could gain another 4-8%. READ FULL ANALYSIS HERE

1:06 PM

NSE co-location case: Who is Anand Subramanian and why is he arrested?

The initial package offered to Subramanian by NSE was Rs 1.68 crore, which included variable pay of Rs 42 lakh. This despite his salary at the previous employer being only Rs 15 lakh per annum. By April 2016, Subramanian's compensation had increased to Rs 4.21 crore—higher than most seniors at NSE. READ MORE