Sensex sprints 1,335 points, Nifty tops 18,050; HDFC twins jump up to 10%

CLOSING BELL: Besides, Kotak Bank, HUL, IndusInd Bank, Tata Steel, L&T, and Sun Pharma were the other top gainers

4:02 PM

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

Nifty has moved up above 18000 smartly following a sustained trade above the previous consolidation on the daily chart. Besides, the price has moved above 200DEMA on the daily timeframe. The near-term trend looks positive from here. On the higher end, the index may move towards the falling trend line on the daily chart. The immediate resistance is visible near 18150. On the lower end, support is visible at 17800.
 

4:01 PM

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

The mega-merger news of the HDFC Twins and the rare sight of a 15% up-move in them today at a point in time propelled benchmark indices 2.5% higher with good support from Metal stocks. The broader markets witnessed the continuation of the uptrend in Fertilizer stocks even as the Bank Nifty rose 4% with private banks being sought after.

 

4:00 PM

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

Domestic market was lifted by the announcement of HDFC bank and HDFC merger, improving sentiments of the stock market and financial sector. The upcoming focus of the market will be on earnings reports and RBI meeting this week. Q4 results will have a decent start supported by IT sector while RBI is expected to hold the rates with an accommodative policy.

3:58 PM

Rupee closes 19 paise higher against US dollar

3:54 PM

Closing bell: Over 1,600 stocks advanced whereas 442 declined

3:49 PM

Closing bell: Broader markets upbeat; India Vix cools off below 2%

3:45 PM

Closing bell: HDFC group stocks soar; HDFC Twins close above 9% on merger deal

3:42 PM

Closing bell: Infosys, Titan, Tata Consumer top Nifty 50 laggards

3:41 PM

Closing bell: HDFC Twins, HDFC Life, Adani Ports top Nifty 50 gainers

3:40 PM

Closing bell: Nifty Financial Services ends as best sectoral performer

3:39 PM

Closing bell: All sectors close on a positive note

3:37 PM

Closing bell: Only 2 Sensex stocks sulk in red

3:35 PM

Closing bell: Sensex closes in style above 60,000

3:32 PM

Closing bell: Nifty 50 closes in green above 18,000

3:13 PM

MARKET CHECK: Sensex firmly over 1350 points

 

3:03 PM

Indo Count soars 10% on completing acquisition of home textile biz of GHCL

Shares of Indo Count Industries soared 10 per cent to Rs 186 on the BSE in Monday’s intra-day trade, gaining as much as 17 per cent in the past two trading sessions after the company completed the acquisition of the home textile business of GHCL. Read here

2:53 PM

US stock futures erase day's gains, trade flat ahead of FOMC minutes on Wed

 

2:46 PM

Nifty Bank off day's highs, still firmly 4% higher

 

2:34 PM

Oil prices: Brent Crude marginally up at $105/bbl, WTI back at $100

 

2:24 PM

IDFC First Bank reports CASA Ratio at 48.7% as of March 31, stock up 5%

CASA ratio at 48.7% as of March 31, 2022 vs 51.7% as of March 31, 2021. 

 

2:12 PM

European Markets Update: Tepid start to trade

Source: Yahoo Finance

2:03 PM

Hindustan Aeronautics hits record high on highest-ever revenue in FY22

Recently, HAL bagged a contract for production of 15 Light Combat Helicopters (LCH), 10 for IAF and five for the Indian Army at a cost of Rs 3,887 crore. READ MORE

1:56 PM

HDFC Bank continues to trade on a firm note, up 8.7%

1:50 PM

Paper shares log strong gains, gain up to 20%

Shares of paper related companies were also in limelight in trades on Friday. Genus Paper was locked at the 20 per cent upper limit, while S I Paper soared nearly 9 per cent.

1:42 PM

Mining related shares in demand, zoom over 13%

Shares of mining and minerals related companies were in demand, with the likes of Vedanta, NMDC and Coal India gaining up to 4 per cent. Ashapura Minechem had zoomed more than 13 per cent.

1:33 PM

HDFC - HDFC Bank merger: What's in store for the shareholders?

HDFC and HDFC Bank’s merger – touted as India's biggest-ever corporate merger – pumped up shares of the two entities on the bourses. Shares of HDFC skyrocketed 16.5 per cent while those of HDFC Bank zoomed 14.3 per cent in intra-day trades. However, analysts say investors need to “tame down” their enthusiasm as the merger might hit regulatory road block, if the Reserve Bank of India (RBI) has its way. READ MORE

1:25 PM

BSE 500:: Stocks that recovered sharply from day's low so far

Indostar Capital and Spandana Sphoorty have zoomed 11.4 per cent and 9.8 per cent from the lows of the day so far. Similarly, Edelweiss Financial Services, Godrej Agrovet, PTC India and Adani Power have logged strong gains from the lows of the day.

1:17 PM

Financial shares shine on HDFC, HDFC Bank merger deal

The HDFC twins were up over 8 per cent each, while the likes of IDFC First Bank, Karnataka Bank and Ujjivan Small Finance Bank also rallied more than 4 per cent each.

1:07 PM

Kalyan Jewellers to raise up to $ 200 mn, overseas bond gets S&P 'B' rating

Kalyan Jewellers will raise up to $ 200 million through its subsidiary, Kalyan Jewellers FZE, to refinance old debt. The subsidiary will issue senior US dollar-denominated fixed-rate notes (bonds). READ MORE

12:58 PM

Gold prices slip as dollar, yields strengthen on robust US jobs data

Gold prices fell on Monday as the dollar and Treasury yields firmed after a solid U.S. payrolls report raised expectations of aggressive rate hikes, although the Ukraine crisis and talks of more sanctions against Russia supported safe-haven demand. READ MORE