Sensex soars 936 pts, Nifty tops 16,850; HDFC Bank rises 3%, Paytm dips 12%

CLOSING BELL: Shares of One97 Communications, the parent company of digital payments major Paytm, tanked 14.5 per cent to hit a new low of Rs 662 on the BSE in Monday's intra-day trade

4:10 PM

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

Nifty has given breakout from a falling channel on the daily timeframe suggesting a rise of bullishness. In addition, the benchmark index has moved above the previous swing high which is again a bullish set-up. The trend may remain positive as long as it sustains above the said channel. On the lower end, support is visible at 16650 whereas on the higher end resistance is pegged at 17000.

4:05 PM

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

We are gaining traction as strategy is shifting from tactical sell to tactical buy. Investments are chipping in as commodities prices are reverting. FIIs selling and crude prices are subsiding, which is expected to continue based on diplomatic developments and provide an edge to the domestic market. Globally, investors are bracing for rate hikes as expected. Domestic WPI has spiked up however market is ignoring as future prices can get gloomy. 

3:55 PM

US equity futures trade firm ahead of Fed meet

3:54 PM

Brent crude on a downward trajectory, cools off to $108 a barrel

3:52 PM

European markets trade on a positive note

3:49 PM

Paytm tumbles over 12% after RBI ban on payments bank

3:47 PM

Closing bell: Over 1,000 stocks declined whereas 943 advanced

3:44 PM

Closing bell: Oil stocks under pressure; IOC, ONGC top Nifty 50 losers

3:42 PM

Closing bell: Infosys, SBI, HDFC Bank top Nifty 50 leaders

3:40 PM

Closing bell: Realty stocks bleed; Sobha tumbles over 6%

3:38 PM

Closing bell: Bank, media stocks shine; Realty loses steam

3:37 PM

Closing bell: Firm trade for broader markets; India Vix climbs above 1%

3:35 PM

Closing bell: 26 out of 30 Sensex stocks upbeat in trade

3:33 PM

Closing bell: Bulls recharge Sensex, closes over 900 points

3:32 PM

Closing bell: Marvelous Monday! Nifty 50 marches past 16,800 levels

3:25 PM

Closing cues: Top 5 Nifty 50 performers and laggards

3:21 PM

Closing cues: Infosys, SBI, HDFC Bank top Sensex gainers

3:14 PM

Sensex at day's high, jumps over 900 points

3:10 PM

FPI outflows exceed 2008 global financial crisis as Fed policy move nears

Overseas investors have stepped up their selling since October, expecting the US Federal Reserve will make a hawkish pivot due to inflation in the US. The selling accelerated after Russia attacked Ukraine on February 24 and caused a spike in global commodity prices, particularly oil. Since October, FPIs have yanked out nearly $20 billion from domestic stocks, while net-selling for the past one-month is about $9 billion. READ MORE

2:59 PM

NEWS ALERT: Ukraine to demand ceasefire in talks with Russia

2:44 PM

Hang Seng cracks 5% on Monday, other China mainland indices slip too

Most Asian stocks ended lower on Monday with losses being led by Hong Kong's Hang Seng index and Chinese indices-Shenzhen Component and Shanghai Composite amid a new wave of Covid-19 infections and fresh lockdowns. 

 

 

2:37 PM

Delhi Court sends former NSE MD & CEO to 14 days judicial custody

2:31 PM

HDFC Bank, SBI drive Nifty Bank forward

2:27 PM

GHCL hits new high amid heavy volumes; stock surges 28% in one week

Shares of GHCL hit a new high of Rs 528.85, surging 7 per cent on the BSE in Monday's intra-day trade, amid heavy volumes. It surpassed its previous high of Rs 499.45 touched on March 11, 2022. READ MORE HERE

2:20 PM

Over 750 points upmove for Sensex

2:16 PM

Bank, media, IT stocks in high demand

2:12 PM

Market check: Nifty 50 reclaims 16,800 levels

2:10 PM

ALERT: Covid-19 vaccination for kids aged 12-14 to begin from Wednesday

 

1:58 PM

NEWS ALERT :: Feb Trade Deficit swells 59% at $20.88 billion

>> Exports rise 25.1% to $34.6 bn vs $27.6 bn (YoY)

>> Imports up 36.1% at $55.4 bn vs $40.7 bn (YoY)

1:57 PM

European markets inch upwards amid Russia-Ukraine talks