Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2%

CLOSING BELL: The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations

4:11 PM

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

The benchmark Nifty found support around the previous session's low resulting in a positive close for the day. However, on the higher end, the Nifty found resistance around the lower band of the rising channel. Going forward, the trend may continue over the near term. On the higher end, the index may find resistance at 18000 whereas, on the lower end, support exists at 17650.
 

4:09 PM

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

Market was cautious during the last 2-3 days ahead the RBI meet and its future policy stance. Measures being in-line with market expectations led to a relief rally. The focus has shifted to the Q4 earnings season, which will start next week, initiated by the IT & Banking sector. Outlook for the banking sector is robust due to rapid bounce in credit growth & improvement in balance sheet while preview for IT is mixed as Q4 is seasonally weak.

4:07 PM

European markets trade on a positive note

4:04 PM

Analyst takeaway: RBI's robust forex reserves to cushion against geo-political tensions

The MPCs decision to maintain its status quo is in line with expectations. RBI has emphasized on the strong buffers of forex reserves, which may act as a cushion amidst geopolitical tensions and exchange rate volatility. The reaction of the market on the downward revision in growth rate to 7.2% and an upward revision in inflation rate to 5.7% is to be kept an eye on. It will also be interesting to see how the economy tackles its supply side constraints to mitigate the inflationary pressures.

Views expressed by Mr. Shivam Bajaj, Founder & CEO at Avener Capital

4:01 PM

US equity futures edge higher; Dow futures up 90 points

4:00 PM

Rupee closes 13 paise higher against US dollar

3:56 PM

Closing bell: Over 1,400 stocks advanced while 645 declined

3:54 PM

Closing bell: Ruchi Soya closes 14% higher post listing of FPO shares

3:50 PM

Closing bell: All counters on S&P BSE Oil & Gas in green

3:47 PM

Closing bell: Nifty Metal ends as best sectoral performer

3:45 PM

Closing bell: Cipla, Tech Mahindra, Maruti top Nifty 50 laggards

3:43 PM

Closing bell: Grasim, ITC, SBI Life top Nifty 50 leaders

3:41 PM

Closing bell: Barring IT, all sectors close on a positive note

3:38 PM

Closing bell: Midcaps outperform Smallcaps; India Vix eases below 6%

3:35 PM

Closing bell: 21 out of 30 Sensex stocks close positively

3:33 PM

Closing bell: Sensex closes higher by over 400 points

3:32 PM

Closing bell: Bulls ride Nifty 50 above 17,800 levels

3:24 PM

Equity mutual funds witness record inflows of Rs 28,000 crore in March

Surge in inflows into multicap funds was largely due to the NFO of SBI Multicap fund which garnered Rs 8,170 crore. READ MORE HERE

3:16 PM

Chemical stocks abuzz; Thirumalai Chemicals surge over 5%

3:10 PM

Mercedes-Benz India posts 26% rise in sales at 4,022 units in Q1FY22

Mercedes-Benz India on Friday reported a 26 per cent jump in sales at 4,022 units in the first quarter of 2022, riding on robust demand for both its SUVs and sedans despite the challenges of semiconductor shortage, global supply chain disruptions, and rising input and logistics costs. READ MORE HERE

3:06 PM

Paint stocks gain as Brent crude cools off to $101 a barrel

2:59 PM

Domestic gold spot exchanges face tax hurdle, unlikely to start ops

Domestic gold spot exchanges are facing taxation hurdles and until such issues are sorted out they are unlikely to start operations. Read more

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2:54 PM

European markets gain ground as investors digest hawkish Fed

source: finance.yahoo.com

2:48 PM

BREAKING: New EU sanctions include banning Russian coal imports and entry of vessels

2:43 PM

ITC gains 4% to hit 52-week high; stocks surges 24% in 6 weeks

Shares of ITC hit a fresh 52-week high of Rs 265.90, up 4 per cent on the BSE in Friday's intra-day trade, on expectation of healthy earnings. They surpassed their previous high of Rs 265.30, touched on October 18, 2021. Read here

2:41 PM

NEWS ALERT :: Food prices rise at record pace

2:36 PM

Vodafone Idea up 4%; gets bank guarantee worth Rs 15,000 from DoT

 

2:29 PM

ALERT: Bank of Russia cuts key rate by 300 bps points

⚠️BREAKING:

*BANK OF RUSSIA CUTS KEY RATE BY 300BPS TO 17%

2:27 PM

Oil prices: Brent Crude firm at $101 a barrel; WTI near $97

 

2:16 PM

Three Adani group firms get $2 bn investment from Abu Dhabi's IHC

AGEL, ATL and AEL are market leaders in their sectors and form the Adani Group's green energy portfolio. The Capital will be used for expanding business. READ MORE