F&O expiry: Sensex soars 1,041 pts, Nifty tops 16,900; Bajaj twins leap 10%

CLOSING BELL: Tata Steel, Kotak Bank, IndusInd Bank, Nestle, Infosys, Asian Paints, and Tech M were the other outperformers, up between 3 per cent and 4.6 per cent

4:08 PM

Nifty tech view: Bullish crossover of short-term moving averages may provide tailwind

Nifty has moved above its previous swing high, suggesting a rising bullishness.

Besides, a bullish crossover of short-term moving averages is likely to provide tailwind to the index value over the short term.

On the higher end, resistance is visible at 17,000/17,200 whereas on the lower end, support is visible at 16,700.

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

4:06 PM

Closing view: Sign of slower Fed rate hikes, upbeat large cap earnings drove sentiment

Positive cues from global markets following the Fed policy outcome, as well as domestic large caps’ upbeat earnings, drove the market rally.

The Fed's decision was as expected, while their positive comment dismissing the possibility of a recession and hinting at a slower pace of rate hikes in the coming months boosted global sentiments.

As a result, the Indian rupee strengthened, potentially attracting foreign funds into the domestic market. Domestic investors are now bracing for the RBI's MPC meet next week expecting a rate hike by 25-50.

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

4:03 PM

Rupee appreciates 15 paise to close at 79.75/$

4:00 PM

Dr Lal Pathlabs slips 1%; Q1 Ebitda comes lower at Rs 118 cr

 

3:58 PM

SBI Cards bounces 5% on reporting Q1 net profit of Rs 627 cr vs Rs 304 cr last fiscal

 

3:55 PM

M&M Financials sheds 1%; Q1 PAT comes below estimates at Rs 240 cr

 

3:53 PM

Rites gains over 3% on posting Rs 145 cr Q1 PAT vs Rs 80 cr a year-ago

 

3:51 PM

Westlife Development rises 5%; Q1 Ebitda margin comes at 17% vs 2% last yr

 

 

3:47 PM

IT index soars 3%; Realty 2%; Pharma ends with tepid gains

 

3:45 PM

Gains spread to broader markets; MidCaps outshine

 

3:44 PM

Nifty losers: Shree Cement top drag; drops 3%

 

3:43 PM

Nifty winners: SBI Life additional index gainer, surges 4%

 

3:41 PM

Sensex Heatmap: Only 5 of 30 stocks decline; Bajaj twins soar 10% each

 

3:39 PM

Closing Bell: Nifty ends above 16,900 with 288 pts gain

 

3:38 PM

Closing Bell: Global cheer after Fed hike lifts Sensex over 1,000 pts

3:30 PM

Indian households unlikely to stop investing in stocks, says Morgan Stanley

Despite a record rise in trading by retail investors over the past eight years, Indian households remain "dramatically" underweight in the asset class, says Ridham Desai. Read here

3:22 PM

Decent upside in L&T stock; analyst recommendations strongly positive

Core revenues were at Rs 35,850 crore, up 22 per cent year-on-year (YoY) and down 32 per cent quarter-on-quarter (QoQ). Read more

3:12 PM

ONGC, partners to splash $ 6.2 billion on green energy projects

ONGC and its partners will invest $ 6.2 billion in green energy projects to produce carbon-free hydrogen and green ammonia as part of an ambitious decarbonization drive, officials said. Read here

2:57 PM

Cipla Q1 revenue may be muted on high base, low Covid drug sales: Analysts

Cipla Q1 results preview: Analysts attribute the likely dull performance due to the high base of last year, and the reduction in revenue contribution from Covid-19 therapies in the recent quarter. READ MORE

2:48 PM

Nestle India gains 2% after revenue rises 16% YoY in Q2CY22

2:38 PM

After HAL and BEL, now Bharat Dynamics eyes record high. Here's why

Bharat Dynamics has more-than-doubled in 2022 so far, however, the stock still trades 14 per cent shy from its historic peak. READ MORE

2:28 PM

Paint stocks trade higher as Brent Crude inches to $108 per barrel

2:20 PM

Vodafone Idea, Bharti Airtel sulk on Day 3 of 5G spectrum auction

2:12 PM

June Quarter Result :: SBI Card's profit rises to Rs 627 crore vs Rs 581 crore YoY

>> Revenue up at Rs 3,100 crore vs Rs 2,850 crore

>> GNPA at 2.24% vs 2.22% QoQ

>> NNPA at 0.79% vs 0.78% QoQ 

2:10 PM

ITC slips in red after stock hit 52-week high

1:58 PM

Experts expect some inflation, CAD relief after US Fed hikes rates

India may get some relief on the retail price inflation and current account deficit (CAD) fronts in the current financial year following the US Federal Reserve’s move to hike its key benchmark interest rate by 75 basis points (bps). READ MORE

1:52 PM

Bajaj Finserv surges 10% after board approves 1:1 bonus, 1:5 stock split

In the past three trading sessions, the stock gained 16 per cent after the company announced their plan for stock split or bonus issue. So far in July, the stock has outperformed the market by 33 per cent, as compared to 7 per cent rise in the S&P BSE Sensex. READ MORE

1:46 PM

Market Check:: S&P BSE Sensex at day's high, up over 1,000 points

1:41 PM

BSE 500:: Volume Shockers

Tata Steel has witnessed unusually high volume of around 70.50 lakh shares so far on the BSE as against its five-day average volume of around 3.96 lakh shares. The stock today traded ex-date for 1:10 stock split. Meanwhile, Shree Cement, IFB Industries, Bajaj Holdings and Bharti Airtel too have witnessed a significant spike in volume in trades on Thursday.

1:34 PM

Disclose your foreign assets and income in ITR or pay a hefty penalty

Resident Indians holding foreign stocks and bonds must mandatorily disclose their holdings in their income-tax returns (ITR). They must report their interest in a foreign entity held at any time during the relevant accounting period if they are either the beneficial owner or the beneficiary. READ MORE