Markets start FY23 with solid gains; Sensex jumps 708pts, Nifty tops 17,650

CLOSING BELL: Sectorally, the Nifty PSU Bank index jumped 4 per cent on the bourses with Union Bank, Bank of India, Canara Bank, and Bank of Maharashtra adding over 4 per cent each

4:12 PM

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

Nifty moved up smartly after a consolidation of two days. The price moved above the previous swing high confidently, suggesting a rise in optimism. Going ahead, the trend is expected to remain positive. On the higher end, the price has resistance at 17750-17800; above 17800, the price may move towards 18000. On the lower end, support is visible at 17500.

4:11 PM

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

The stock market kicked off FY23 on a positive note. It started the day muted and in-line with global markets but strengthen as the day progressed as the broad market picked up and buying increased in sectors like Banks, Power & Realty. Cabinet approval for mega power policy, drop in crude and improvement in global futures ignited the rally. Russia- Ukraine war, movement of crude and RBI monetary policy meetings would be the major factors that will dictate the near trend.

4:10 PM

European markets edge higher in trade

4:08 PM

US equity futures trade on a positive note

4:07 PM

Brent crude cools off to $104 a barrel

3:57 PM

Closing bell: 1,750 stocks advanced while 335 declined

3:54 PM

Closing bell: Hero Moto, Tech Mahindra, Divi's Lab top Nifty 50 losers

3:53 PM

Closing bell: NTPC, BPCL, Powergrid top Nifty 50 leaders

3:49 PM

Closing bell: Smallcaps outperform Midcaps; India Vix plummets below 10%

3:47 PM

Closing bell: Nifty PSU Bank best sectoral performer; Union Bank spikes over 6%

3:45 PM

Closing bell: 25 out of 30 Sensex stocks close in green

3:44 PM

Closing bell: Banks, realty stocks in high demand

3:40 PM

Closing bell: Sensex closes in style above 59,200 levels

3:38 PM

Closing bell: Fabulous Friday! Nifty 50 closes above 17,600 levels

3:17 PM

World stocks dip on war, recession worries, oil falls $2 on reserve release

World stocks dipped further from recent six-week highs on Friday on worries about the Russia-Ukraine war and recession risks, and oil fell $2 a barrel on reserve releases. READ MORE HERE

 

3:08 PM

Euro zone records all-time high inflation in March

2:57 PM

European markets climb up in early trades

 

2:47 PM

Russia's Lavrov meets Jaishankar, says India ties 'very sustainable'

External Affairs Minister S Jaishankar on Friday held talks with his Russian counterpart Sergey Lavrov, a day after the US warned of consequences over attempts to "circumvent" American sanctions against Moscow. Read here

2:39 PM

Tata Motors March domestic sales rise 30% from last year

 

2:36 PM

Credit quality of Indian corporate sector experiences rebound in FY22: ICRA

The credit quality of the Indian corporate sector experienced a rebound in FY2022, on the heels of two consecutive years of pressures caused by economic slowdown in FY20 and the COVID-19 pandemic in FY21, according to rating agency ICRA. Read it here

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2:27 PM

HDFC twins, SBI, ICICI Bank top contributors to Sensex gains

 

2:19 PM

Cooperating with Sebi in Yes Bank AT1 bond matter, says Nippon India MF

Nippon Life India Asset Management (NAM) said on Friday that the company and its executives are constantly working along with its legal advisors to assist market regulator Securities and Exchange Board of India (Sebi) on any inquiries in the matter pertaining to the asset manager’s investment in Yes Bank’s AT1 bonds. Read more

2:07 PM

MOIL gains 4%, company hikes prices of products by 7.5-20%

 

1:55 PM

Gujarat Alkalies hits record high; stock zooms 51% in one month

The stock has surged 12 per cent in the past two trading days after the company announced partial commencement of caustic evaporation unit (CEU) by its joint venture (JV) company GACL-NALCO Alkalies & Chemicals (GNAL). On Thursday, the stock had surpassed its previous high of Rs 932 touched in January 2018 READ MORE

1:43 PM

March Auto Sales :: Mahindra’s Farm Equipment sector sells 28,112 units in India

1:41 PM

March Auto Sales :: Mahindra Auto registers 65% growth in SUVs

1:34 PM

Govt notifies ITR forms for 2021-22; seeks details on overseas pension a/c

ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) forms cater to small and medium taxpayers. READ MORE

1:24 PM

BSE 500:: Volume shockers Saregama, Glenmark, NTPC see unusually high volume

Saregama India, Glenmark Pharma and IOL Chemicals have witnessed five-hold jump in volume when compared with the average volume of the last five days.

1:14 PM

BSE 500:: Stocks at 52-week high

Adani Power, Cummins India, GNFC, GSFC and PowerGrid Corporation were some of the prominent stocks to register a fresh 52-week high in trades on Friday.

1:06 PM

Global Markets Update: US futures up; UK tepid

Source: Investing.com