Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%

CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers

4:05 PM

Market view: Kunal Shah-Senior Technical & Derivative Analyst at LKP Securities

The Bank Nifty index is still trading below its 200 DMA, which is placed at the 36800 level. The index needs to cross this level decisively for resuming the up move. The index lower-end support stands at 36100 and, if breached will witness further downside towards 35800-35100 levels.

4:00 PM

European markets edge higher

3:55 PM

Muted trade for US equity futures

3:54 PM

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

With support from recovery in beaten-down HDFC stocks and the IT sector, the market countered yesterday’s selloff. Foreign investors are pumping out funds in large quantities while support from DIIs is helping the market to partially balance the pressure. A similar level of volatility can be expected to continue until global uncertainties settle down leading to a softening of FII selling.

3:51 PM

Closing bell: Over 1,100 stocks advanced whereas 979 declined

3:49 PM

Closing bell: Nifty Auto best sectoral performer

3:46 PM

Closing bell: Smallcaps outshine Midcaps; India Vix slips below 5%

3:42 PM

Closing bell: Bajaj Twins, ICICI Bank, JSW Steel top Nifty 50 losers

3:41 PM

Closing bell: BPCL, Tata Motors, Shree Cement top Nifty 50 gainers

3:39 PM

Closing bell: 9 Sensex stocks close in negative territory

3:37 PM

Closing bell: Auto, IT stocks upbeat; Media, Metals lose shine

3:33 PM

Closing bell: Sensex closes higher by over 550 points

3:32 PM

Closing bell: Nifty 50 closes above 17,100 levels

3:23 PM

Nestle gains ahead of Q4 results due tomorrow

3:17 PM

NEWS ALERT :: Govt approves merger of MRPL-OMPL

>> Pursuant to the joint company petition dated 1 December 2021 filed by MRPL and OMPL with the MCA on 3 December 2021, Ministry of Corporate Affairs ("MCA") has passed an order dated 14 April 2022, sanctioning the scheme of amalgamation between MRPL and OMPL and their respective shareholders and creditors. 

Source: BSE filing

3:17 PM

HCL Tech Q4 report card due tomorrow; Stock gains over 1%

3:06 PM

JSW Group to develop 900 MW pumped storage hydel project in Bengal

The JSW Group will develop a 900 MW pumped storage hydel power project in West Bengal, its chairman Sajjan Jindal announced on Wednesday. READ MORE HERE

3:00 PM

Bajaj Twins, ICICI Bank, L&T, JSW Steel top 5 Nifty losers in fag-end trade

 

2:50 PM

Inox Wind falls 7% after board approves fund raise via preferential issue

Shares of Inox Wind were down 7 per cent to Rs 111, after falling 11 per cent from its intra-day high of Rs 125.35 on the BSE in Wednesday’s intra-day trade. The fall comes after the board approved fund raise aggregating to Rs 402 crore through preferential issue of equity shares and convertible warrants to promoter and non-promoters. Read the story here

2:43 PM

Russian officials in talks with RBI to find solution on payments

Welcoming India's stance on the Ukranian crisis, a senior Russian diplomat on Tuesday said Moscow and New Delhi are attempting to find a solution on the payments front amid the sanctions imposed on Russia by western countries. Read more

2:36 PM

CIL raises coal supply to power units; in talks with govt to build stocks

The country's largest coal producer and supplier CIL on Tuesday said it has upped its supplies by 14.2 per cent to coal-based electricity generating plants in the first half of the current month, but soaring power demand due to hotter-than-normal summer seems to have dwarfed the upsurge in supplies. Read here

 

2:20 PM

NEWS ALERT: Don't trust Ukrainian negotiators, says Russian FM

2:16 PM

Adani Wilmar, Coal India among stocks that hit fresh 52-week high

2:00 PM

European indices trade higher in early deals

source: finance.yahoo.com

1:51 PM

Auto stocks in fast lane; Maruti Suzuki gains over 2%

1:49 PM

Alembic gets USFDA nod to market lvabradine used in treating heart failure

Alembic Pharmaceuticals on Wednesday said it has received approval from the US health regulator to market lvabradine tablets, used to treat heart failure, in the American market. Read here

1:38 PM

HCL Tech Q4: From PAT to margin guidance, here're the key things to track

Brokerages expect the firm's earnings before interest and tax (EBIT) margins to have fallen sequentially by up to 90 basis points on supply side pressures and subdued P&P performance. READ MORE HERE

1:35 PM

S&P BSE Sensex, holds firmly above 57,000-mark, up nearly 600 pts

1:29 PM

Cement shares trade firm post ACC results

ACC has soared 6.8 per cent after the company reported 29.5 per cent drop in Q4 net profit. Ambuja Cements and UltraTech Cement have surged 4.7 per cent and 3.2 per cent, respectively.

1:21 PM

Nestle Q4: Input cost rise, Sri Lanka crisis could hit profit, say analysts

Analysts expect the maggi maker to report muted profit in the March quarter 2022 (Q4FY22) due to sluggish rural demand sentiment and input cost inflation. READ MORE