Broad-based rally lifts Sensex 578pts, Nifty above 17,800; pharma stks lead

CLOSING BELL: Besides, the Nifty Auto and Private Bank indices advanced 1.7 per cent each

4:13 PM

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

The weakness of western markets did not affect the buoyant domestic market. The Indian market is not seemingly apprehensive of Fed policy. Buying on dips is the strategy being reinforced here. Even the lagging IT & Pharma stocks joined the rally, slowly emerging as a value pick for long-term investors. However, to sustain the trend, the global market needs to stabilise. It makes sense to be stocks & sector specific in this unfavourable global economic scenario & highly premium valuation of India compared to the rest of the world.

4:10 PM

TECHNICAL VIEW: Rupak De, Senior Technical Analyst at LKP Securities

Nifty had started to gap up and remained range bound during the day. On the higher end, 17900 has acted as resistance leading to a close near the day's low. The trend is likely to remain positive as long as it sustains above 17700. On the higher end, a move above 17900 may induce a rally towards 18100 and higher.

4:08 PM

GLOBAL CHECK: European markets fall over rate hike fears

4:04 PM

GLOBAL CHECK: US equity futures muted ahead of FOMC meeting

4:00 PM

MARKET COMMENT: S Ranganathan, Head of Research at LKP Securities

Bulls charged on D-Street today with the help of Autos & Financials with strong support coming from the laggard - Pharma Sector today. The surprise element to many of course was the Nifty Infrastructure sector which saw smart gains led by Cement yet again. Consumer Durable stocks too displayed good momentum ahead of the festive season on the back of a bountiful monsoon.

3:56 PM

Globus Spirits, Metropolis among stocks that hit 52-week low

3:53 PM

Adani Enterprises, Bharti Airtel among stocks that hit 52-week high

3:50 PM

Nifty Pharma ends as best sectoral performer, rises 3%

3:47 PM

Broader markets outperform benchmark; India Vix slips 5%

3:43 PM

Shree Cement, Grasim, Nestle India top Nifty50 laggards

3:39 PM

Apollo Hospitals, Cipla, Sun Pharma top Nifty50 leaders

3:35 PM

SENSEX HEATMAP: Only 6 out of 30 counters close in red

3:33 PM

CLOSING BELL: Sensex closes 550 points higher

3:32 PM

CLOSING BELL: Nifty50 closes above 17,800 levels, up nearly 200pts

3:15 PM

Shree Renuka Sugars to nearly double ethanol capacity; to invest Rs 700 cr

The 20% ethanol blending target has seen sugar sector majors betting on expanding the ethanol capacity; the sector could see an investment of about Rs 10,000 crore in the years ahead. READ MORE

3:02 PM

Russia likely to flood Asia with fuel as Europe ramps up sanctions

India and China took a combined 2.7 million barrels a day of Russian crude and products last month, 54% higher than a year earlier. READ MORE

2:55 PM

Market Check:: Sensex off day's high, still up nearly 700 points

2:48 PM

Global wealth up 9.8% YoY at $463.6 trn in 2021; India, China lead the way

Global household wealth rose 9.8 per cent in 2021 to $463.6 trillion, driven by widespread gains in share prices and a favorable environment created by central bank policies in 2020 to lower interest rates, but at the cost of inflationary pressures, Credit Suisse said in its latest edition of Global Wealth Report. READ MORE

2:39 PM

Edible oil shares in focus: AWL, Pantajali Foods freeze at 5% upper circuit

Adani Wilmar has regained Rs 1-trillion market capitalisation, while Patanjali Foods' market cap crossed Rs 50,000 crore today. READ MORE

2:30 PM

BSE 500:: Metro Brands, Heidelberg Cement, Patanjali among volume shockers on Tuesday

Metro Brands has witnessed unusually high volume of around 1.46 lakh shares on the BSE so far as against its five-day average volume of around 15,500-odd shares. Similarly, Advanced Enzyme, Heidelberg Cement, Shyam Metalics and Triveni Turbine also witnessed a significant spike in volume today.

2:21 PM

Companies should brace for continued or higher inflation: HUL CEO Mehta

Businesses need to be prepared for possibilities of a continued or higher inflation and deflation of commodity prices in next 2-3 years, Hindustan Unilever CEO and MD Sanjiv Mehta said. READ MORE

2:13 PM

Govt orders and private capex fuel KEC International's order book

The company reported Rs 23,716 crore of order book value in the fiscal year ended March 22, up 18 per cent over the previous year, and plans to bid for orders worth Rs 1.1 trillion are in the pipeline. READ MORE

2:04 PM

Global Check:: US, UK stock futures marginally in red

Source: Investing.com

1:55 PM

Does a ban on commodities futures trading help govt solve inflation woes?

Futures trading in commodities has been banned at the drop of a hat despite numerous past committees and panels finding no direct linkage between such trading and price rise. READ MORE

1:46 PM

BSE 500:: Stocks at all-time high

Adani Enterprises, Adani Ports, AIA Engineering, Ambuja Cements, Bharti Airtel and Eicher Motors among prominent stocks to register a fresh all-time high in trades on Tuesday.

1:36 PM

Sensex 30 Heatmap:: IndusInd, Dr.Reddy's, Sun Pharma top gainers chart

1:28 PM

BSE 500:: Top losers so far

Triveni Turbine and Can Fin Homes slipped over 3 per cent each and were the top losers among the BSE 500 stocks so far. They were followed by Brightcom Group, Granules India and Infibeam Avenues.

1:17 PM

KKR & Co, Hero Group to invest $450 million in Hero's renewable energy arm

U.S. private equity giant KKR & Co Inc and India's Hero Group have agreed to invest $450 million in the motorcycle maker's renewable energy arm, the companies said on Tuesday, as the Indian firm looks to expand its renewable energy capacity. READ MORE 

1:09 PM

Asian Markets Update:: Hang Seng, Taiwan firm; Nikkei, Shanghai pare gains

Source: Yahoo Finance

1:00 PM

BSE 500:: Top gainers so far

Advanced Enzyme zoomed over 13 per cent and was the top gainer among the BSE 500 stocks so far on Tuesday. It was followed by Jubilant Pharmonova, Quess Corp, JK Lakshmi Cement and Metro Brands, up 8-10 per cent each.