RIL, Bajaj Finance power 777-pt rally in Sensex; Nifty holds 17,200

CLOSING BELL: Sectorally, all the indices ended in the green zone, led by the Nifty Realty and Auto indices, up 3.5 per cent and 3 per cent, respectively

4:15 PM

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

Strong buying interest from domestic investors and positive global trend resulted in a rebound. But volatility persists due to lockdown in China, Russia – Ukraine war and rate hikes. However, dips are encouraging investors to accumulate quality stocks. In a range bound market, it is advised to stick with sectors which are expected to be least impacted by inflation and rising bond yield, banking, IT, Pharma and themes like green energy.

4:13 PM

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

The benchmark index Nifty has continued to remain in jumping jacks mode as Nifty ended significantly higher after a dismal trade in the previous session. However, no directional trend has been established even after a rally of about 250 points. The 200DMA has acted as initial resistance; a further up move can be seen upon a move above 200DMA. On the lower end, support seen at 17000 whereas on the higher end, resistance is visible at 17450.

4:06 PM

Market view: S Ranganathan, Head of Research at LKP Securities

Benchmark indices gained one and a half percentage today on expectations of record GST collections for April even as FII ownership dropped to multi-year lows at 20%. Bajaj Group stocks, Autos & Real Estate stocks staged a smart recovery today with almost all sectoral indices ending in the Green. FII's continue to be the second highest owners of Financials in India after the GOI despite the sector seeing the highest FII selling during the last one year. The broader markets witnessed buying interest in Footwear stocks with half a dozen listed entities gaining share in both value for money as well as aspirational brands. Earnings expectations also buoyed stocks of state run enterprises of Gujarat in today's trade.

4:05 PM

European markets edge higher in trade

4:00 PM

US equity futures trade on a negative note

3:56 PM

Closing bell: Over 1,200 stocks advanced while 824 declined

3:53 PM

Closing bell: Adani Enterprises, Adani Ports, Adani Power hit new 52-week high

3:51 PM

Closing bell: Nifty Realty best sectoral performer

3:50 PM

Closing bell: ONGC, Apollo Hospitals, Axis Bank top Nifty 50 losers

3:49 PM

Closing bell: Adani Ports, Bajaj Auto, Hero Moto top Nifty 50 gainers

3:48 PM

Closing bell: All sectors close on a positive note

3:45 PM

Closing bell: 26 out of 30 Sensex stocks close positively

3:44 PM

Closing bell: Sensex closes higher by over 750 points

3:43 PM

Closing bell: Nifty 50 closes above 17,200 levels

3:26 PM

Jeff Bezos vs Kishore Biyani 2.0: RIL may pick up FRL through insolvency

Jeff Bezos-led Amazon may continue fighting the legal battle with Future Retail Limited (FRL) related to the $3.4-billion merger deal between Future Group and Mukesh Ambani’s Reliance, according to people familiar with Amazon’s strategy. READ MORE

3:15 PM

Sensex at day's high, up over 800 points

3:10 PM

BSE 500:: Top gainers in the last one month

Adani Power has almost doubled in the last one month, up 99.5 per cent. Swan Energy has soared 74.8 per cent. MRPL and Adani Green have rallied over 52 per cent each and were among the top gainers so far this month.

2:58 PM

LIC may file preliminary IPO prospectus today, price band on Wednesday

LIC management and the investment bankers will embark on road shows in six cities across India - including Mumbai, New Delhi, Bengaluru, Ahmedabad, Rajkot, Kolkata. READ MORE

2:49 PM

BSE 500:: Stocks falling sharply from day's high

Atul Auto, La Opala RG and Brightcom Group have shed 7 per cent each from the respective highs of the day. GE Shipping, Hathway Cable and Swan Energy were the other significant losers.

2:39 PM

BSE 500:: Stocks recovering sharply from the lows of the day

Gujarat Alkalies, Bombay Burmah and Ruchi Soya have rallied more than 7 per cent each from the lows of the day. Cholamandalam Investment, Gujarat Pipavav and Suven Pharma were the other notable movers.

2:25 PM

Adani Enterprises hits new life-time high, stock up 5% on heavy volume

According to a Bloomberg report, Gautam Adani's conglomerate is in advanced talks to acquire Holcim Ltd.'s businesses in India. READ MORE

2:15 PM

Rainbow Children Medicare IPO opens tomorrow: Here's what analysts suggest

Analysts have flagged concerns around increased competition from bigger hospital players, and the inability to sustain profitability levels. READ MORE

2:06 PM

Explained: Why M&As are rising in India & how can investors benefit?

Reports suggest LTI & Mindtree could be eyeing a merger. Besides, the acquisition race for Holcim's India assets is heating up Ultratech Cement reportedly throwing in its hat in the ring. READ MORE

1:58 PM

S&P lowers ratings for Future Retail overseas bonds to 'highly vulnerable'

Global rating agency Standard and Poor’s today lowered rating on Future Retails Ltd’s overseas bonds worth $500 million from CCC- to CC, indicating that they are 'highly vulnerable'. The move follows the termination of the deal to sell the ailing company's assets to the Mukesh Ambani-led Reliance group. READ MORE

1:49 PM

BSE 500:: Top gainers this hour

Advanced Enzyme, SRF, Balkrishna Industries, PowerGrid Corporation and JK Tyre were some of the major movers in the last one hour of trades, up over 1.5 per cent each.

1:40 PM

Chart check: Nifty IT down 11% in April; Is it time to buy TCS, HCL Tech?

Overall, the Nifty IT index has declined 19 per cent from its historic peak of 39,446 recorded in early January, 2022. Charts indicate 31,000 to 30,000 as the accumulation range for the index. READ MORE

1:25 PM

Adani Group in advanced talks to acquire Holcim businesses in India

Adani Group could sign an agreement to acquire a controlling stake in Ambuja Cements Ltd. from Holcim as soon as in the coming days. READ MORE

1:19 PM

The stock of this civil construction company has zoomed 147% in a month

On April 12, the board of Simplex Infra approved fund raise of up to Rs 421.80 crore by issuing shares and warrants to Swan Construction, a non-promoter group company on a preferential basis. READ MORE

1:11 PM

S&P BSE Sensex 30 Heatmap:: 25 Gainers v/s 5 Losers

1:03 PM

LIC IPO: Will the reduced offer size help garner investor interest?

While analysts remain mixed on how the government's largest-ever IPO would perform on Dalal Street, they expect the issue to sail through as the markets have staged strong recovery from March lows. READ MORE