Sensex soars 1,534 pts; Nifty tops 16,250; Dr Reddy's surges 8%, RIL 6%

CLOSING BELL: Dr Reddy's Labs, JSW Steel, Nestle India, Tata Motors, Tata Steel, Cipla, Adani Ports, L&T, RIL, Axis Bank, and SBI led from the front, rallying over 3.5 per cent each

4:16 PM

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

Nifty witnessed a strong recovery as the benchmark index has ended about 3% higher. On the daily chart, the index has formed a double bottom. Immediate resistance is visible at 16400; a decisive breakout above 16400 may induce a rally towards 16600-16700. On the lower end, support is visible at 16000.

4:13 PM

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

The market displayed a confident yet calm rally throughout the day, supported by fortified global markets, especially the Asian market. The Chinese Central bank cut a key interest rate to support growth, injecting optimism into emerging markets. With concerns over an economic slowdown and rate hikes across the globe, investors will continue to invest with caution. Value stocks should do well during this consolidation period.

4:11 PM

CURRENCY CHECK: Rupee closes 1 paise higher against US dollar

4:06 PM

Brent crude continues to hover above $112 a barrel

4:02 PM

European markets edge higher in trade

4:00 PM

US equity futures trade on a positive note

3:57 PM

Closing bell: Over 2,400 stocks advanced whereas 777 declined

3:54 PM

Closing bell: Textile stocks upbeat; Welspun India scales over 13%

3:51 PM

Closing bell: Chemical stocks rally; Gujarat Alkalies soars over 11%

3:48 PM

Closing bell: Adani Power, HAL, ITC among stocks that hit 52-week high

3:46 PM

Closing bell: Shree Cements, UPL only Nifty 50 laggards

3:44 PM

Closing bell: Dr Reddy's, RIL, Adani Ports top Nifty 50 leaders

3:42 PM

Closing bell: Nifty Media best sectoral performer; Sun TV soars over 8%

3:40 PM

Closing bell: Broader markets resilient; India Vix cools off below 5%

3:38 PM

Closing bell: All sectors close positively; media, metal stocks shine

3:35 PM

Closing bell: All Sensex constituents shimmer in green

3:34 PM

Closing bell: Bulls ride Nifty 50 above 16,250 levels

3:33 PM

Closing bell: Fantastic Friday! Sensex closes higher by 1,500 points

3:29 PM

NEWS ALERT :: RBI Board approves transfer of Rs 30,307 cr as surplus to the Central Govt for FY22

3:25 PM

HDFC Group stocks in tandem with upbeat market

3:19 PM

JK Lakshmi Cement soars over 16% after stellar Q4

3:10 PM

Dr Reddy's, RIL fuel Sensex higher over 1,500 points

3:04 PM

Realty stocks extend rally; Lodha soars over 8%

2:57 PM

STOCK UPDATE :: Concor says, Rs 8,000 cr capex plan is continuation of the announcement made in 2019

2:51 PM

STOCK UPDATE :: HDFC in focus

>> As on May 13, 2022, the total foreign shareholding in the Corporation is 68.56% of its total issued and paid-up share capital.

2:45 PM

Dr Reddy's sees sharpest intra-day rally since Sept 2020; stock surges 8%

The stock witnessed its sharpest rally in intra-day since September 2020. Earlier, on September 18, 2020, it zoomed 14 per cent in intra-day, and ended 10 per cent higher on the BSE. READ MORE

2:35 PM

Metal stocks dazzle in trade today; Welspun, Jindal Stainless (Hisar) lead

2:22 PM

IPO Update :: Ethos' issue subscribed over 50% on final day

2:09 PM

Board evaluating Sebi penalty of Rs 1 crore, says Fortis Healthcare

Fortis also noted that the order was in respect of Escorts Heart Institute and Research Centre limited (EHIRCL), a wholly owned subsidiary of FHL. “The management and Board of the Company that was newly constituted after NTK Ventures Pte Ltd. became promoters of the Company, are evaluating the Order in detail, in consultation with their legal advisors,” Fortis said in a notification to the stock exchanges. READ MORE

2:01 PM

Welspun Corp hits 52-week high on Rs 5,000 crore order win

The stock of iron and steel products maker surpassed its previous high of Rs 222 that it had touched on April 22, 2022. The trading volumes on the counter jumped over 10-fold as around 21 million equity shares changed hands on the NSE and BSE. READ MORE

Iron ore