Sensex leaps 1,163 pts from the day's low, ends 581 pts up; Nifty tops 16K

CLOSING BELL: The winners included Indian Oil Corporation, Sun Pharma, Tata Consumer Products, TCS, Cipla, Shree Cement, NTPC, Tech M, Dr Reddy's Labs, Wipro, Ultratech Cement, and Infosys

4:08 PM

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

Markets witnessed a spectacular recovery as Nifty closed more than 300 off days low. On the daily chart, a bullish engulfing pattern has formed which suggests short term positive reversal. On the higher end, the index may move towards 16200/16400 over the short term. On the lower end, 15800 is likely to act as support. 

 

3:55 PM

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

Domestic indices reversed its trend and traded with gains led by export-oriented sectors like Pharma and IT which witnessed buying interest as the rupee fell to its record lows. Favorable exit poll results of state election and low-level buying seen in mid and small caps also helped in adding optimism in the domestic market. Major western markets were also trading in the green while other Asian peers continued to trade in negative territory on fear of the impact of global inflationary pressure due to the ban on Russia’s oil export. 

3:53 PM

Asian Paints sees breather, closes in green

3:45 PM

Closing bell: Over 1,400 stocks advanced while 602 declined

3:41 PM

Closing bell: Pharma stocks in the pink of health

3:34 PM

Closing bell: Sun pharma, TCS drive Sensex with over 3% gains

3:33 PM

Closing bell: Over 500 points recovery for BSE Sensex

3:31 PM

Closing bell: Tuesday turnaround in markets as Nifty 50 floats above 16,000

3:23 PM

Closing cues: Only 5 out of 30 BSE Sensex stocks in red

3:21 PM

Closing cues: Realty stocks gather steam; Sobha soars past 8%

3:19 PM

Closing cues: Majority sectors swim in green; Metal stocks bleed

3:16 PM

Nifty 50 stages late recovery, reclaims 16,000 levels

3:11 PM

Sensex firms up in fag-hours, rises over 500 pts; Infy, TCS climb 3% and 2%

 

2:57 PM

Shipping Corp says war in Ukraine needs to abate for stake sale to move

“Globally markets are facing impact of the crisis, I don’t think this is the right opportune moment,” Shipping Corp. Chairperson and Managing Director Harjeet Kaur Joshi said in an interview to Bloomberg Television on Tuesday. The performance of the market will “majorly” drive the timing for the divestment, she said, adding that is not the government’s view. READ MORE

2:42 PM

Global markets :: European markets tick up in early deals

Source: Reuters

2:41 PM

Hotel stocks gain in trade; Lemon Tree Hotels surge over 5%

2:32 PM

NEWS ALERT :: EU mulls financing energy, defence needs via bonds

*EU TO CONSIDER MASSIVE JOINT BOND SALES TO FUND ENERGY, DEFENSE - BBG

2:28 PM

Ashok Leyland tanks 22% in 1 week on margin concerns; hits 15-month low

Shares of Ashok Leyland hit a 15-month low of Rs 93.20, slipping 6 per cent on the BSE in Tuesday's intra-day trade, on margin concerns due to rising raw material costs. In the process, the stock of the commercial vehicle maker hit its lowest level since December 2020. READ MORE HERE

2:22 PM

Markets continue to swing between red and green in choppy session

 

2:04 PM

NEWS ALERT

2:04 PM

News Alert: London metal exchange suspends trading in nickel

1:52 PM

Selling in bank stocks to continue despite 20% fall since Feb, say analysts

The Ukraine-Russia war, soaring Brent crude oil price, rising interest rate regime, uncertainty around sustainability of economic recovery, and the overall risk-off sentiment are some of the key overhangs that may keep bank stocks under pressure in the near future, they said. READ MORE

1:40 PM

BSE Sensex 30 Heatmap

1:28 PM

Top Losers among BSE 500 at this hour

IOL Chemicals and J K Cements are the top losers among the BSE 500 index.

1:18 PM

Asian Markets Update: China, Japan, Hong Kong lead fall

China's Shanghai Composite dropped 2.3 per cent. Nikkei and Hang Seng were down 1.7 per cent and 1.5 per cent, respectively.

1:11 PM

TCS' Rs 18,000-cr share buyback to open on March 9: What you need to know

TCS has fixed April 1, 2022 as the last date for settlement of bids on stock exchanges which may even happen earlier, according to a BSE filing.

 

TCS promoters - Tata Sons and Tata Investment Corporation Ltd (TICL) - intend to participate in the buyback offer by tendering shares worth about Rs 12,993.2 crore, according to a company document filed earlier. READ MORE

12:59 PM

Commodity boom! Hind Copper, NTPC, NMDC to see up to 30% rally

With Nickel, Gold and wheat also hitting multi-year highs like Crude Oil, these five commodity related shares are likely to witness strong gains, indicate charts. READ MORE

12:45 PM

Exit polls hand UP to BJP, Punjab to AAP; but are the markets bothered?

The final outcome of UP will be keenly watched, analysts said, as it will pave the way how Bharatiya Janata Party (BJP) approaches and prepares for the general elections in 2024. READ MORE

12:33 PM

Bucking the trend! Nifty IT jumps 2% owing to weaker Re; TCS, Infosys shine

Tata Consultancy Services (TCS), Mindtree and L&T Technology Services (LTTS) were up 3 per cent each, while Infosys, Tech Mahindra and Larsen & Toubro Infotech gained 2 per cent each on the National Stock Exchange (NSE) in intra-day trade. The IT services companies, who make most of their revenues servicing clients in US tend to benefit from a weaker rupee. READ MORE

12:33 PM

Gold outshines: Extends rally, tops $2,015/ oz

source: businessinsider.com