Sensex rises 300 pts, Nifty tops 17,600 despite global weakness; PSBs lead

CLOSING BELL: Gainers outnumbered the losers on the frontline indices today, led by M&M, Bajaj Finance, SBI Life, Adani Ports, HUL, Bajaj Finserv, Nestle India, Eicher Motors, HDFC, ITC, and Infosys

4:19 PM

TECHNICAL VIEW: Kunal Shah - Senior Technical & Derivative Analyst at LKP Securities

The Bank Nifty index witnessed consolidation in the range of 40,500-41,500 and this is likely to continue ahead of the US FOMC meeting which is lined up this week. On the derivative front, the highest open interest on the call side is built up at 41,500 and support is visible at 40,000 where the highest open interest is built up on the put side. Traders should place up for the volatility in the coming days and should trade on both sides.

4:13 PM

Adani Green commissions 325-MW wind power project in Dhar district of MP

With the commissioning of this plant, its operational generation capacity has increased to 6.1 gigawatt (GW), Adani Green Energy Limited (AGEL) said in a statement on Monday. READ MORE

4:07 PM

MARKET COMMENT: Vinod Nair, Head of Research at Geojit Financial Services

The global market was expected to battle volatility as we approach the Fed policy announcement, while the latest inflation data remained above the estimates. The policy tone indicates hawkish measures, suggesting elevated hikes, leading to the pull-out of FIIs money from the Indian equities. However, this trend is expected to be short-lived, as future inflation trend forecast a clampdown, bringing stability in policy stance by the end of this year.

4:01 PM

Tata Steel, Tata Motors, JSW Steel top Nifty50 laggards

3:53 PM

M&M, Bajaj Finance, Adani Ports top Nifty50 leaders

3:48 PM

Broader markets underperform benchmark; India Vix closes in green

3:44 PM

Nifty Realty worst sectoral performer; Brigade Enterprises slips 4%

3:40 PM

Nifty PSU Bank, Nifty Media indices best sectoral performers

3:36 PM

SENSEX HEATMAP: 7 out of 30 index constituents close in red

3:34 PM

CLOSING BELL: Sensex closes higher by 300 points

3:33 PM

CLOSING BELL: Nifty50 closes above 17,600, over 100pts higher

3:25 PM

BoB, Bharat Dynamics among stocks that hit 52-week high

3:15 PM

ALERT :: Dish TV chairman Jawahar Lal Goel resigns

Read here

2:59 PM

Stagflation-free Asia leaving taper tantrums behind as currencies fare well

The foreign-exchange stockpiles Asian economies built up have helped cushion the impact of this year's market turmoil, which has spurred the largest equity outflows for at least a decade. Read more

2:51 PM

European markets tread lower in early deals

2:42 PM

China's provinces suffer major fiscal hit from nation's Covid Zero policy

China's doubling down on its zero-tolerance stance toward Covid-19 is draining local-government coffers, posing a fresh threat to the economy and bond investors. Read more

2:34 PM

Triveni Engineering, Hercules Hoists soar up to 20% on heavy volumes

Triveni Engineering surged 14 per cent to Rs 279 on the back of over five-fold jump in trading volumes. Read more

2:25 PM

Gautam Adani's rise to world's second-richest boosts equities' clout

Eight firms controlled by Adani's ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index's surge since end-June. Read here

2:16 PM

Vedanta Resources' semiconductor plans won't chip away at liquidity: S&P

Anil Agarwal-led Vedanta Resources' credit profile will unlikely be weighed down by the group's planned Rs 1.54 lakh crore foray into semiconductor manufacturing, S&P Global Ratings said on Monday. Read here

2:08 PM

Ambuja to become India's most profitable cement company: Gautam Adani

Adani said it's due to their unshakeable belief in the India story and conviction that India will be a $25-30 trillion economy by 2050. READ MORE

1:59 PM

BSE 500:: SPARC, Asian Paints and HDFC among volume shockers on Monday

Symphony has witnessed unusually high volume of around 2.05 lakh shares on the BSE so far as against its five-day average volume of around 2,100-odd shares. Similarly, Gillette India, V-Mart Retail, Sheela Foam and SPARC have also witnessed a significant spike in volume on Monday.

1:51 PM

Just In:: Dixon Technologies inks pact with lbahn Illumination for BLE Mesh Smart Lighting

Dixon Technologies has informed exchanges, that the company has signed a Term sheet with lbahn Illumination whereby Ibahn has agreed to transfer its Technology solutions- BLE Mesh Smart Lighting and WiFi based technology solutions for lighting products. Stock trades flat.

1:44 PM

Logistics stocks price in most positives; no near-term upside seen: Analysts

The new logistics policy aims to trim the costs to single digits, from 13-14 per cent of the GDP at present, by 2030. READ MORE

1:36 PM

Positive triggers factored into Hindustan Unilever's stock price

At 15 per cent return over the past three months, India’s largest listed fast-moving consumer goods (FMCG) company, Hindustan Unilever (HUL) is the second highest gainer after ITC in the large-cap FMCG space. READ MORE

1:27 PM

Don't change your pension fund manager unless investment lags others

September 19 was the day when the PFRDA (Pension Fund Regulatory and Development Authority) Act was passed. On this occasion, let us review the performance of the various pension fund managers (PFMs) in the National Pension System (NPS), and also examine how various developments (including regulatory changes) within this retirement product could affect you, the investor, and how you should respond to them. READ MORE

1:19 PM

BSE 500:: Top losers so far

Schaeffler India shed 5.5 per cent and was the top loser among the BSE 500 stocks so far. It was followed by GNFC, Aptus Value Housing, Westlife Development and Delta Corp, down around 4 per cent each.

1:11 PM

Indo-National soars 20% as arm wins Rs 113 cr order for Vande Bharat trains

The order is for supply and installation of modular interiors for Vande Bharat semi-high speed trains (originally called Train 18). READ MORE

1:03 PM

Oyo files fresh docs with Sebi for IPO in early 2023 as growth resumes

Oyo, formally known as Oravel Stays Ltd., is internally working toward a January IPO as executives are encouraged by a pick-up in demand. READ MORE

12:56 PM

Hotel stocks order room service: See strong Q1, a stronger outlook

Hotel stocks have been among the largest sectoral gainers over the past month, riding on strong April-June quarter (first quarter, or Q1) results of 2022-23 (FY23) and improving outlook ahead of the peak season. READ MORE

12:47 PM

Asian Markets Update:: Nikkei, Hang Seng down over 1%

Source: Yahoo Finance