Sensex ends 1,414 pts off low, gains 389 pts; Tata Steel rises 6%, RIL 3%

Closing Bell: Hindalco (up over 7 per cent), Tata Steel, Power Grid, JSW Steel, Coal India, BPCL, Titan Company, RIL, and Indian Oil Corporation were the biggest large-cap gainers on the bourses today

4:28 PM

Post closing expert views by Vinod Nair, Head of Research, Geojit Financial Services

<< Aggravated Russia-Ukraine conflict along with fresh sanctions on Russia by global powers weighed on Western markets.

<< Despite opening on a negative tone, domestic indices staged a strong recovery lifted by metal stocks and positive Asian markets. Metal stocks rallied on hopes that curtailing Russian exports would help Indian steelmakers to capture the export market share.

<< Domestic investors also keenly await the release of the Q3 GDP data later today which is forecasted at 6.5% against 8.4% in Q2"

Views by Vinod Nair, Head of Research at Geojit Financial Services.

 

4:25 PM

Nifty technical view : Immediate support seen around 16,650-16,500 levels

<< Technically, the nifty index has formed a long green candle and sustained above the Lower Bollinger Band formation but still trading below the 200-Days SMA.

<< Moreover, on an hourly chart, the index shifted above 21-SMA, which suggests further recovery. A momentum indicator RSI has pulled up from the oversold zone & Stochastic witnessed a positive crossover, which indicates short covering for the near term.

<< At present, Nifty has immediate support around 16650/16500 levels, while upside the resistance around 17000 levels. 

 

Views by Sachin Gupta, AVP, Research, Choice Broking

4:21 PM

Future Retail gains 7% on report Reliance may take over co's 250 more stores

Reliance will add 250 more Future Retail stores to its portfolio after the company failed to make lease payments for the outlets to Reliance, reported Reuters. The plans - which sources said will be executed within weeks - come after Reliance took possession of and started rebranding about 200 of Future's Big Bazaar supermarkets over the weekend. 

 

4:18 PM

BSE Stats : Advance-decline ratio broadly positive at around 2:1

 

4:14 PM

Coal India rises 3% as govt allows sale through common e-auction window

The government on Saturday approved offering the dry-fuel by coal companies, including state-owned CIL, through a common e-auction window instead of sector specific auctions. 

 

4:11 PM

Biocon slips 11% as investors unimpressed with Viatris acquisition deal

Biocon Biologics (BBL), the subsidiary of the company, announced to acquire Viatris’ biosimilars assets for up to $3.335 billion in stock and cash. 

 

4:06 PM

Bharat Electronics climbs 5% on winning govt contract worth Rs 1,075 crs

Read the update here

 

4:03 PM

HUL takes 2-10% price hikes in select products, stock recovers 2% from day's low

HUL has raised prices of certain products by 2-10%. This is for a second time in February, ET Now reported. The stock closed flat after recouping day's losses.

 

 

3:57 PM

UTI AMC, Natco Pharma, Gail among top gainers from BSE 500 lot

 

3:54 PM

Nifty losers : HDFC Life, Dr Reddy's, M&M limit upside, slide up to 3%

 

3:51 PM

Nifty winners: Hindalco, Tata Steel lift index as global supply crunch to benefit sector

 

3:48 PM

Gains spread across broader markets; MidCap, SmallCap indices close firmly up

 

3:45 PM

Sectoral winners : Metals, Energy, IT shine; Auto, Financials end in red

Nifty Metals closes 5 per cent higher, followed by Oil & Gas and IT, up 2.6 per cent 1 per cent up respectively. 

 

3:40 PM

Sensex-30 Heatmap : 18 shares advance; Tata Steel, Titan, PowerGrid, Reliance gain 3-6%

 

3:38 PM

Closing Bell : Nifty gains 0.8%, slightly misses 16,800 mark

Benchmark indices turned positive in the fag-end of Monday's session despite weakened europe and US stock futures. 

 

3:34 PM

Closing Bell : Markets extend gains for second day; Sensex recovers 1400 pts from day's lows

3:26 PM

BSE Smallcap index set to record its sharpest fall for Feb in 6 years

The S&P BSE Smallcap index is set to record its sharpest decline in six years during the month of February as a sharp sell-off engulfed equities amid Russia-Ukraine conflict. Read more.

Illustration: Binay Sinha

3:21 PM

Market check: Sensex firms up in late hours; heading for positive close

 

3:01 PM

NEWS ALERT :: NATO Allies are stepping up support to Ukraine, says General Secy

2:45 PM

Global markets :: European stocks slide amid Ukraine-Russia crisis

Source: Reuters

2:38 PM

Russia-Ukraine crisis :: Ukraine's president calls for his country to be granted EU membership

>>  Ukraine is set to demand a ceasefire and the withdrawal of Russian troops

2:32 PM

Russia-Ukraine crisis :: Breaking now

2:21 PM

Rupee-rouble deal with Russia likely to be fortified after SWIFT freeze

The central government is planning to strengthen the rupee-rouble trade arrangement with Russia after the European Union, the US, and other Western partners decided to cut off several Russian banks from the global Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment system. READ MORE

2:15 PM

Madhabi Puri Buch appointed Sebi chairperson for a term of three years

Madhabi Puri Buch has been appointed as the chairperson for market regulator Securities and Exchange Board of India (Sebi) for a period of three years. Her tenure as a whole-time member of Sebi ended in October 2021. READ MORE

2:06 PM

Endurance Technologies falls 6%; stock nears 52-week low on weak Q3 results

The stock of the automotive components manufacturer has fallen 20 per cent in the past one month after the company reported a weak set of December quarter (Q3FY22) numbers. It was trading close to its 52-week low price of Rs 1,250 touched on April 15, 2021. The stock has corrected 36 per cent from its 52-week high of Rs 1,981 hit on November 8, 2021. READ MORE

1:59 PM

NEWS ALERT :: IndiGo to operate 2 evacuation flights to bring back Indian citizens from Ukraine

>> These flights are being operated from Delhi to Bucharest, Romania and to Budapest, Hungary via Istanbul today

>> This is part of the govt's Mission Ganga

>> Stock is down 2.4%

Source: Company statement

1:55 PM

Tata Steel, PowerGrid, RIL top gainers among Sensex 30

1:48 PM

Financial markets trying to discount changing news flow: Rabobank Intl

The risk of a Russian invasion of Ukraine has shifted from being a remote tail risk to a main-risk scenario. Financial markets are trying to discount this changing news flow and catching up with the negative narrative, but they generally struggle to correctly discount these kinds of scenarios. READ FULL INTERVIEW HERE

1:37 PM

NPS to include assured returns; new products likely to come in August

Amid a debate on the pension systems, old and new, the sector regulator is likely to allow minimum assured-return products around August. The Pension Fund Regulatory and Development Authority (PFRDA) has appointed E&Y Actuarial Services LLP to design the scheme under the New Pension Scheme (NPS). READ MORE

1:37 PM

NEWS ALERT :: Madhabi Puri Buch appointed as new SEBI Chairperson

>> She replaces Ajay Tyagi