Sensex rises 712 pts, Nifty tops 17,150; Tata Steel rallies 7%, HDFC 2%

CLOSING BELL: Public sector banks were the only losers with the Nifty PSB index down 1.2 per cent

4:07 PM

Nifty tech view: Trend likely to remain positive over the short term

Nifty remains strong as the index gained for the third consecutive day.

Besides, the index has sustained above the major short-term moving indicating a positive trend.

The daily RSI is in bullish crossover and rising. The trend is likely to remain positive over the short term.

On the lower end support is pegged at 16,800-16,775. Resistance on the higher end can be seen around 17,400.

Views by Rupak De, Senior Technical Analyst at LKP Securities.

4:05 PM

Closing view: Market perceiving less aggressive rate hike action

Wall Street staged a robust recovery after a shaky opening due to a contraction in the US economy, as the market perceived that aggressive monetary policy will soon come to an end.

This added optimism in the domestic market, and the rupee strengthened against the dollar increasing appetite for FIIs.

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

4:03 PM

Rupee appreciates 49 paise to close at 79.26/$

4:01 PM

Talbros Auto gains 2% on winning large order worth Rs 400 cr

 

3:59 PM

Asahi India bounces 4% up; Q1 Ebitda margin rises to 24.64% from 19.6% last yr

 

3:57 PM

Piramal Enterprises sinks 4%; Q1 net profit comes lower at Rs 486 crore

 

3:55 PM

Heritage Foods slips on posting Rs 7.3 cr PAT vs Rs 30 cr last year

 

3:52 PM

Indian Oil gains 1%; Q1 net loss narrows to Rs 2000 cr from Q4FY22

 

3:48 PM

Metal index surges 4%; PSBs sole losers

 

3:45 PM

Broader markets also surge; Small-caps outshine benchmarks

 

3:44 PM

Nifty drags: Dr Reddy's slips 4% on weak Q1 results

 

3:43 PM

Nifty winners: SBI Life, Hindalco, Sun Pharma, CIL lift index higher

 

3:41 PM

Sensex Heatmap: Only 4 of 30 stocks close lower; Tata Steel surges 7%

 

3:39 PM

Closing Bell: Sensex gains steam in fag-hour; ends 712 pts up

 

3:39 PM

Closing Bell: Nifty closes above 17,150; only 7 stocks end in red

 

3:30 PM

We're geared to launch a new molecule every 1-2 years: Biocon Biologics MD

In an interview, Arun Chandravarkar explains why a company must continue investing in R&D despite the impact on short-term Ebitda. Read more

3:25 PM

At this hour | Sun Pharma second top Sensex winner, up over 5%; beats Q1 estimates

 

3:18 PM

HDFC Q1 profit jumps 22% YoY to Rs 3,669 crore, misses estimates

HDFC clocked the highest percentage growth in individual loan AUM in 8 years. Read more

3:07 PM

Once mighty Jet Airways to fly only domestic initially as it resumes ops

The airline has told the government it plans to have 40 aircraft by December 2024 and 150 by December 2030. READ HERE

2:52 PM

World stocks eye best month since late 2020, traders bet on weak US economy

As inflation surges across major markets and central bankers fight to raise rates without killing off growth, riskier markets like stocks have tended to react positively to any softening in sentiment. READ MORE

2:46 PM

European markets edge higher in trade on positive global cues

2:39 PM

Nifty PSU Bank the only sectoral loser; PNB sheds over 3%

2:30 PM

Sun Pharma posts 43% yearly rise in PAT to Rs 2,061 cr; revenue up 10%

It has reported an Ebitda at Rs 28,84.4 crore (including other operating revenues), with the Ebitda margin at 26.8 per cent. READ MORE

2:15 PM

BSE 500:: Volume Shockers

RITES has witnessed unusually high volume of around 6.80 lakh shares so far on the BSE as against its five-day average volume of around 11,550 shares. Similarly, Westlife Developers, GMM Pfaudler, SBI Life Insurance and Chempast Sanmar too have witnessed a significant spike in volume in trades on Friday.

2:03 PM

Key technical indicators for rookie traders

Trading skills include a combination of various factors, including three indicators that one should know. They are price indicators, volume and basic momentum oscillators. Let’s delve deeper them. WATCH VIDEO

1:54 PM

Stock of this recently listed company has zoomed 50% in last six days

Shares of eMudhra continued their upward movement, hitting a new high of Rs 373.50 on rallying 12 per cent on the BSE in Friday's intra-day trade. In the past six days, the stock has zoomed 50 per cent from a level of Rs 248.95 after the company reported healthy earnings for the quarter ended June 2022 (Q1FY23). READ MORE

1:48 PM

ALERT:: Sun Pharma reports turnaround in Q1

ALERT:: Sun Pharma reports net profit of Rs 1,011.80 crore in Q1FY23 as against a net loss of Rs 138.83 crore in Q1FY22. Total income grew 33.4 per cent YoY to Rs 4,981.90 crore.

1:44 PM

Global Check:: Nasdaq futures up over a per cent; Dow flat

Source: Investing.com

1:35 PM

Market Check:: S&P BSE Sensex remains firm, up 550 points

1:27 PM

Utilise price corrections to buy gold; this safe haven's here to stay

Gold has seen significant price erosion in recent months, especially in the international market. Investors may find this perplexing. With the equity markets also experiencing a downturn, gold would, in normal circumstances, be expected to act as a safe haven and protect the portfolio. READ MORE