Sensex rises 322 pts, Nifty tops 17,900 amid global rally; IT stocks shine

CLOSING BELL: Tech M, Titan, Axis Bank, Infosys, Ultratech Cement, Bajaj Finance, Tata Steel, Wipro, RIL, and TCS were the top large-cap winners

4:06 PM

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

Domestic economy is witnessing strong vigour and the same is assisting a steady growth in Indian equities. A 15.5% YoY increase in bank credits during August suggests that the economy is recovering rapidly. Due to rising food prices, domestic inflation figures are predicted to show a gradual rise from 6.7% in July which could add volatility in the short-term. Meanwhile, the world equity market is ignoring the fact that the Fed will retain its aggressive rate hike strategy given high levels of inflation assuming that much is factored in.

4:01 PM

Coal India, Shree Cement, Nestle India top Nifty50 losers

3:54 PM

Adani Ports, Titan, Tech Mahindra top Nifty50 leaders

3:49 PM

Broader markets outperform benchmark; India Vix climbs 1%

3:45 PM

All sectors close in positive territory; Nifty Realty up 2%

3:39 PM

SENSEX HEATMAP: 9 out of 30 index constituents close in red

3:38 PM

CLOSING BELL: Nifty50 closes above 17,900 levels, over 100 points higher

3:33 PM

CLOSING BELL: Sensex closes 300 points higher, above 60,000 levels

3:27 PM

ALERT :: Vedanta-Foxconn likely form JV for semi-conductor plant, reports Reuters

>> Vedanta to set up plant in Gujarat

>> Project woth $2,000 crore

3:16 PM

MARKET CHECK :: Sensex off day's high

3:03 PM

NTPC pays final dividend of Rs 2,909 crore to shareholders for FY22

NTPC has paid a final dividend of Rs 2,908.99 crore for 2021-22 to its shareholders. Read here

2:54 PM

Export ban, duties to weigh on rice mill stocks in near-term, say analysts

Shares of LT Foods, Kohinoor Foods, KRBL, Chaman Lal Setia Exports, for instance, have declined in the range of 2 per cent to 9 per cent, as against 0.4 per cent gain in the Nifty50 index.Read here

2:48 PM

Ramkrishna Forgings to issue upto 4.6 mn convertible warrants, stock rises 2%

Ramkrishna Forgings to issue up to 46 lk convertible warrants at Rs 205 each on preferential basis to promoters/public category. 

2:36 PM

Investors left empty-handed in IndiGo block trade due to slippage

None of the investors lined up by the banks working on billionaire Rakesh Gangwal's sale of part of his family's stake in IndiGo got any shares in the block trade as a result of slippage. Read here

2:27 PM

ALERT :: UK economy grew 0.2% in July (MoM) Vs estimate of 0.3%

2:21 PM

State-owned lenders raise MCLR, month after third repo rate hike

RBI has increased benchmark policy rate by 140 bps cumulatively since May. Read more

2:11 PM

Festive Fervour | Amazon India to halve the fee for new sellers in festival season

Amazon Indian said it will halve the fee for new sellers on its platform as the e-commerce giant gears up for the festive season in one of its key markets. Read more

2:01 PM

Global Check:: UK stock futures rally over 1%; Dow Jones up 0.4%

Source: Investing.com

1:52 PM

BSE 500:: Stocks falling notably from highs of the day

Medplus Health has slipped over 6 per cent from its high of the day so far. Asahi India Glass, Responsive Industries, Saregama India and EIH have lost notable ground in intra-day trades on Monday.

1:41 PM

ED allows crypto exchange WazirX to use frozen bank accounts after raids

The Enforcement Directorate (ED) has allowed use its bank accounts after it cooperated with the investigators by providing them all the necessary details, of alleged accused companies who used the WazirX platform. READ MORE

1:32 PM

Zydus receives USFDA nod for Cariprazine Capsules

Zydus Lifesciences, formerly known as Cadila Heathcare, has received final approval and 180 days shared exclusivity from the USFDA for Cariprazine Capsules. The stock was up 0.5 per cent.

1:23 PM

BSE 500:: Top losers so far

Asahi India Glass down 5.6 per cent was the top loser among the BSE 500 stocks so far. It's followed by Grindwell Norton, Indiabulls Housing, GE Shipping and Krishna Institute, down over 5 per cent each.

1:13 PM

DIIs have been circumspect about market rally: Aditya Birla MF CIO

The outcome of the Jackson Hole symposium has kept global equity markets choppy the past few weeks. Mahesh Patil, chief investment officer at Aditya Birla Sun Life Asset Management Company, in conversation with Puneet Wadhwa says the upside in Indian equity markets will be a function of stability in global and local macro conditions, and continued earnings delivery versus expectations. READ FULL INTERVIEW

1:10 PM

ALERT :: US 2-year treasury yields hit highest level since 2007

⚠️BREAKING:

1:04 PM

Asian Markets Update:: Hang Seng vaults 2.7%, leads rally

Source: Yahoo Finance

12:54 PM

BSE 500:: Top gainers so far

KEC Internatioal has zoomed 8.5 per cent so far on Monday and was the top gainer among the BSE 500 stocks. It is followed by Astrazeneca Pharma, Tata Investment Corporation, Deepak Nitrate and Prism Johnson, up 6-7 per cent each.

12:45 PM

Can 'Brahmastra' revive bullish bias for PVR, Inox? Check what charts say

Despite the 15 per cent correction from record highs touched in August, PVR and Inox Leisure have managed to sustain above their respective 200-DMAs so far. READ MORE

12:36 PM

Nifty Next 50 reshuffle brings dozen stocks into sharp focus, including AEL

The insertion of Adani Enterprises (AEL) and exclusion of Shree Cement from the flagship Nifty50 Index grabbed headlines, albeit little or no attention was paid to the rebalancing of the Nifty Next 50 Index. However, analysts believe the changes announced could have significant bearing on stock prices. READ MORE

12:21 PM

Stock of this PSU defence company has zoomed 113% thus far in 2022

HAL debuted on the bourses in March 2018. The company had raised Rs 4,113 crore through initial public offering (IPO) by issuing shares at Rs 1,215 per share. The stock has surged 475 per cent from its record low level of Rs 448 touched on March 24, 2020. In the past six months, HAL has outperformed the market by soaring 83 per cent, as compared to an 8 per cent rise in the S&P BSE Sensex. READ MORE

12:11 PM

Heatmap at this hour as Sensex gains 430 pts