Sensex ends 235 pts off day's high, up 69 pts; ZEEL surges 40% ahead of AGM

Interest in the broader markets remained strong, with BSE Midcap index rallying 1.09 per cent and the BSE Smallcap index 0.63 per cent

4:30 PM

MARKET VIEW :: Vinod Nair, Head of Research at Geojit Financial Services

Despite a bullish opening, domestic indices closed flat with a positive bias amid mixed sentiments among global peers. India’s retail inflation softened to 5.3% in August, staying within RBI’s comfort zone which was led by lower food inflation. However, the wholesale price inflation accelerated to 11.39% snapping the two-month easing trend owing to non-food articles. Global markets traded cautiously ahead of the US consumer price index to be released today. 

4:28 PM

TECH VIEW :: Rohit Singre, Senior Technical Analyst at LKP Securities

Index opened a day with good gap but unable to sustain on highs and saw profit booking & closed a day at 17380 with minimal gains. Index again took hurdle from its previous swing high and forming sort of double top pattern on lower time frames which will be active below 17250 zone, for further upside index needs to sustain above 17450 zone otherwise we may see more profit booking & we may head towards immediate support zone of 17300-17250 zone. 

4:27 PM

MARKET CLOSE :: Deepak Jasani, Head of Retail Research at HDFC Securities

Nifty closed at its all time high though on an intra day basis it faced resistance from the previous high formed 4 days back. Advance decline ratio has improved to much above 1:1, bringing some positivity amongst traders. A convincing breach of 17437 could lead to acceleration in the upmove. On the other hand 17254 could act as a support.

4:24 PM

A sign of fatigue seen as Nifty is approaching key resistance

In last few sessions, Nifty has traded within a range of 17250-17430 and as we approached the higher end of the range today, we saw signs of fatigue at higher levels. The stock specific momentum continued where better trading opportunities are seen for day traders. Until we see a clear breakout from the range of 17250-17450, we continue with our advice for traders to avoid aggressive trades in index and rather focus on stock specific ideas. In last few day’s, the banking index too has seen a sideways move and looking at the lower time frame chart, we expect a breakout soon on either side which could then lead to momentum in the benchmark as well. Hence, traders should keep a watch on the development there and we reiterate to have a thematic approach and be fussy in stock selection.
 

Views by: Ruchit Jain, Senior Analyst - Technical and Derivatives, Angel Broking

4:23 PM

Listing Day Action :: Vijaya Diagnostic ends up 14.2% after a quiet debut

>> Shares of Vijaya Diagnostic Centre made a quiet debut at Rs 542.30, 2 per cent higher against the issue price of Rs 531 per share on the BSE

>> On the National Stock Exchange, it opened at Rs 540 per share
 

4:19 PM

Listing Day Action :: Ami Organics ends up 3.6% after listing at 49% premium over issue price

>> The company had set an issue price of Rs 610 per share 

>> On the BSE, the stock opened at Rs 902, 48 per cent higher than its issue price
 

4:11 PM

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4:04 PM

Zomato ends up over co-founder Gaurav Gupta's exit from the company

>> His exit comes days after Zomato exited its grocery delivery business

3:59 PM

Volatility Alert

>> India VIX ends 0.5 per cent lower at 13.58 level

3:56 PM

Sector of the day :: Nifty Media ends up 14.4% led by gains in Zee Ent which zoomed 40%

3:49 PM

Most auto stocks end in the green

3:45 PM

Broader markets outperform benchmarks; Nifty Midcap 100 ends up 1.35%

3:42 PM

Sector Watch :: Nifty Media climbs 14.4%; Nifty FMCG, Metal top losers

3:40 PM

Sensex Heatmap at close

Top gainers: IndusInd Bank, HCL Tech, Bajaj Auto

 

Top losers: Nestle, UltraTech Cement, Tata Steel
 

3:36 PM

CLOSING BELL :: Markets fail to sustain opening gains

Domestic equity benchmarks started Tuesday's session on a strong note amid buying interest in RIL and private bank stocks. However, the markets failed to maintain the opening gains on account of selective profit-taking. At close, the Sensex was at 58,247 level, up around 69-odd points. The NSE Nifty gained 24-odd points to end at 17,379. The broader markets continued to outperform the benchmarks. The BSE Midcap 100 closed the day 1.09% higher, while the BSE Smallcap 100 ended up 0.63%.

3:30 PM

HAL, Rolls-Royce sign pact for Make-in-India Adour engine parts for global markets

>> Collaboration to expand supply chain for Adour engine parts in India to serve international military customers

READ MORE
 

3:06 PM

Laurus Labs, Unitaid and Clinton Health Access Initiative in pact for HIV medication development for children

>> Unitaid and CHAI are working with the company to ensure children living with HIV/AIDS have access to high-quality second- and third-line HIV treatment

2:54 PM

IRCTC shares continue their upward movement, zoom 1,000% over issue price

The stock was quoting higher for the eighth straight trading day, having rallied 37 per cent during the period. In the past four months, the stock has zoomed 114 per cent, as compared to a 19.6 per cent rise in the S&P BSE Sensex. Currently, IRCTC stands at number 82 position in the overall market capitalisation ranking, the BSE data shows.

IRCTC

2:52 PM

Alert :: Sensex off day's high, up only 60 points

2:26 PM

Nifty FMCG, Metal only sectoral indices in red

2:13 PM

Zomato shares turn volatile after co-founder Gaurav Gupta quits

Shares of Zomato are in limelight after one of the company’s top executive and co-founder Gaurav Gupta quit the company. The CEO Deepinder Goyal confirmed the news in a blog post. READ MORE

2:05 PM

Indian stocks outpacing world by most since 2018 emboldens bulls

Indian stocks are throwing up rare signals pointing to the possibility of further gains after a powerful rally. The MSCI India index beat the MSCI World gauge of developed nations by more than six percentage points last month, the biggest gap since 2018. The average return from the India gauge 12 months out after such relative outperformance is 15%, according to data compiled by Bloomberg. READ MORE

1:52 PM

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1:34 PM

Yes Bank surges 16% on heavy volumes, hits 6-week high

Shares of Yes Bank rallied 16 per cent to Rs 12.87, hitting a six-week high on the BSE in intra-day trade on Tuesday on the back of heavy volumes. The stock of the private sector lender was quoting at its highest level since August 2, 2021. READ MORE

 

1:20 PM

Top auto stocks buzzing in trade

1:05 PM

HG Infra declared lowest bidder for a project by Public Works Department, Rajasthan

>> Bid cost of the project is Rs 448 cr

>> The project is expected to be completed in 550 days
 

12:51 PM

Suryoday Small Finance Bank jumps 12% on merger buzz with Clix Group

>> Bank clarified it was unable to comment on media speculation and rumours and it would be inappropriate to do so

12:30 PM

ALERT :: Zomato founder Gaurav Gupta quits

Source: CNBC

12:23 PM

ALERT :: Govt's telecom package likely to grant most relief prospectively

>> Moratorium on spectrum dues likely to be for 4 years

>> AGR definition to be revised to include only telecom activity-based revenue

 

Source: TV channels
 

12:20 PM

Knight Frank Prime Global House Price Index Q2 2021

 (Ranked By Annual % Change)