Sensex leaps 446 pts, Nifty tops 17,100 as RIL, Bajaj Fin gain 3%; IT slips

CLOSING BELL: The market breadth was firmly in the favour of buyers as the broader markets, too, rose in tandem with the benchmark indices

4:16 PM

COMMENT:: Day's gains capped by IT stocks amid muted deals in the BFSI space

"Gaining buoyancy from a slew of measures to shield the banking sector, global markets witnessed recovery ahead of the US Fed policy announcement on Wednesday. The momentum was passed onto domestic equities, which were led by large-cap banks. However, the gains were capped by IT stocks on caution over muted deal wins from the BFSI segment in the western markets."

 

- Vinod Nair, Head of Research at Geojit Financial Services

 

4:07 PM

HDFC AMC gains 5% after SBI MF bought over 2% stake via open market

GQG Partners Emerging Markets Equity Fund sold 2.48 million shares in HDFC AMC worth Rs 396.83 crore. READ MORE

4:06 PM

CSB Bank witnesses sharpest intra-day surge in 10 months

The sustenance of gold business as a proportion of book coupled with gradual improvement in non-gold segment to bring diversification and steady RoA are key triggers for future price performance. READ MORE

4:04 PM

Hariom Pipe hits new high, up 5% on shareholders nod for preferential issue

In past three months, the stock has zoomed nearly 50 per cent, as compared to 5 per cent decline in the S&P BSE Sensex. READ MORE

4:02 PM

UTI AMC surges 5% after PPFAS MF buys 1.1 million shares via block deal

PPFAS Mutual Fund purchased 1.12 million equity shares representing 0.88 per cent stake in UTI AMC for Rs 71.40 crore. READ MORE

4:00 PM

Manappuram Finance extends gain; stock rallies 14% thus far in March

Shares of Manappuram Finance gained 2.7 per cent on Tuesday, thus extending its past four days' upward movement. Moreover, in the past one week, the stock has rallied 6 per cent as compared to 0.11 per cent decline in the S&P BSE Sensex. READ MORE

3:58 PM

Zee Entertainment zooms 14% in four days on hopes of settlement with lenders

Zee had said that the company had been exploring several strategies, including settlement, in relation to the ongoing dispute with IndusInd Bank. READ MORE

3:54 PM

Sterling & Wilson gained 5.4% on emerging bidder for Rs 2,100 cr project

Shares of Sterling and Wilson Renewable Energy soared 9 per cent to Rs 327.50 in intra-day trade, after the company emerged as successful bidder for work of solar PV project worth around Rs 2,100 crore. READ MORE

3:52 PM

BSE Smallcap Heatmap:: FCS Soft, Stove Kraft soar over 10%; Capri Global sheds 6.7%

3:50 PM

BSE Midcap Heatmap:: Gland Pharma, NIACL, Adani Power zoom over 5%

3:48 PM

Market Breadth was marginally positive; more than 2,000 stocks advanced, while 1,512 declined

3:46 PM

Nifty IT index slips 1%; LTTS tumbles 3%

3:45 PM

Nifty Consumer Durables index jumps 1.5%; Relaxo, Crompton rally over 4%

3:43 PM

Bank Nifty gains 1.4%; Axis Bank, BoB, IDFC First shine

3:41 PM

Broader indices gain in tandem with benchmark Nifty; India VIX declines 5.8%

3:38 PM

Nifty 50 Losers:: PowerGrid Corporation, HUL slip up to 2%

3:37 PM

Nifty 50 Gainers:: HDFC Life, Reliance rally over 3%

3:35 PM

Sensex 30 Heatmap:: 18 Gainers v/s 12 Losers

3:34 PM

CLOSING BELL:: NSE Nifty50 settled at 17,108, added 119 points

3:33 PM

CLOSING BELL:: S&P BSE Sensex ends 446 points higher at 58,075

3:23 PM

Global Check:: US stock futures up around 0.5%; UK soar over 1%

Source: Investing.com

3:11 PM

This private sector lender saw sharpest intra-day surge in 10 months

The sustenance of gold business as a proportion of book coupled with gradual improvement in non-gold segment to bring diversification and steady RoA are key triggers for future price performance. READ MORE

2:58 PM

Crypto decouples from global financial markets amid banking sector gloom

The collapse of several banks in the last two weeks has spread fears of contagion in global markets, but crypto markets saw a bull run, with Bitcoin climbing to its nine-month high on Monday. READ MORE

2:47 PM

Zee Entertainment zooms 14% in 4 days on hopes of settlement with lenders

Zee had said that the company had been exploring several strategies, including settlement, in relation to the ongoing dispute with IndusInd Bank. READ MORE

2:33 PM

Global Check:: Major Asian markets, barring Nikkei, log strong gains

Source: Yahoo Finance

2:20 PM

BSE 500:: Capri Global, Gail, Team Lease among top losers

Capri Global down 5.8 per cent was the top loser among the BSE 500 stocks. Gail (India), Team Lease Services, Fortis Healthcare and GMR Airports down 3 - 4 per cent each were the other significant losers so far on Tuesday.

2:07 PM

News Alert:: Granules Consumer Health concludes FDA Audit with Zero Observations

Granules India announced that Granules Consumer Health, a step-down subsidiary of the Company and a wholly owned subsidiary of Granules USA, Inc., has completed an audit by the US Food and Drug Administration (US FDA) with zero 483s.

 

1:57 PM

Indian banks' dependence on AT1 bonds limited, impact on pricing: Analysts

"Another instance of AT-1 bond write-off questions seniority of claims of AT-1 bond holders and dampens sentiments for AT-1 market issuances," Citi analysts wrote in a note. READ MORE

1:46 PM

IPO Alert:: UdayShivaKumar IPO sails through on second day of the offer period

1:35 PM

BSE 500:: Saregama India, Sterling & Wilson, UTI AMC among top gainers

Saregama India up 13.7 per cent was the top gainer among the BSE 500 stocks so far on Tuesday. It was followed by Sterling & Wilson, UTI AMC, CSB Bank and Aarti Drugs, up 5 - 8 per cent each.