Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100

CLOSING BELL: Power majors - PowerGrid, NTPC along with FMCG and select financial shares were the major gainers in trade among the Sensex 30 on Wednesday.

4:05 PM

MARKET COMMENT :: Domestic markets defy weak global cues as they focus on quarterly earnings

The domestic market was successful in overcoming the weak cues from global peers as it focused on quarterly earnings. The IT earnings season got off to a strong start, which improved the sector's spirits. In the midst of escalating geopolitical unrest and the prospect of a worldwide economic downturn as the IMF revised down its forecast for global growth, European markets continued to slide. At the same time, oil prices dropped due to sluggish demand amidst recession fears and tightening curbs in China, which was taken positively by the domestic market.

Views by: Vinod Nair, Head of Research at Geojit Financial Services.

4:03 PM

Cabinet decision :: Govt to give Rs 22,000-cr one-time grant to oil PSUs to cover LPG losses

The Union Cabinet headed by Prime Minister Narendra Modi at a meeting on Wednesday, approved the one-time grant to three oil marketing companies - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), Thakur told a news briefing. READ MORE

3:57 PM

Global markets :: US Futures trade higher ahead of inflation data tomorrow

3:55 PM

Global markets :: European markets uncertain as investors look ahead to U.S. inflation data

>> European markets fluctuated on Wednesday, with global growth concerns dominating sentiment and investors looking ahead to Thursday’s inflation data out of the US.

Source: CNBC

3:53 PM

BSE Stats :: Declines outnumber advances even as benchmarks climb

3:52 PM

Broader market check :: MidCap index rises 0.6%, SmallCap 0.2%

3:49 PM

Currency check :: Rupee ends at 82.32/$ against Tuesday’s close of 82.31/$

3:46 PM

Wipro Q2 :: Net profit comes in at Rs 2,659 crore

3:42 PM

Sectoral trends :: Dabur, McDowell amonfg top FMCG gainers

3:40 PM

Sectoral trends :: PSU Bank index rises 1.5%; Bank of Baroda, Union Bank gain up to 2.5%

3:38 PM

Sectoral trends :: All but media index end in the positive zone

3:37 PM

Nifty gainers & losers :: Asian Paints, Adani Ent fall over 1%

3:35 PM

Sensex Heatmap :: 24 of 30 constituents surge in trade; PowerGrid, Axis Bank top gainers

3:33 PM

CLOSING BELL :: Nifty reclaims 17,100; Only 7 stocks slip in red

3:32 PM

CLOSING BELL :: Indices snap 3-day losing streak; Sensex soars over 450 pts

3:27 PM

NEWS ALERT :: BoE's bond buying programme to end on Friday

3:21 PM

Raymond sees sudden spike in volume; jumps over 14% in fag-end

3:12 PM

IndiGo, SpiceJet to wet lease aircraft in the winter to enhance capacity

In order to increase the capacity on foreign routes, IndiGo, the largest airline in India, has finalised a contract to wet lease up to three Boeing 777 aircraft. The airline, which had previously only operated single-class narrow-body aircraft, will now provide business class in addition to economy on these widebody aircraft. READ MORE

3:02 PM

Infosys Q2 preview: Revenue could rise by up to 26% YoY; share buyback eyed

The IT majors' margins are expected to improve by around 30 basis points (bps) on a quarterly basis (QoQ) to 20.3 per cent vs 20.1 per cent in Q1FY23 and 21.5 per cent in Q4. READ MORE

2:55 PM

Apollo Micro Systems hits over 4-yr high on stable outlook; stock soars 15%

Shares of Apollo Micro zoomed 15 per cent to hit a 52-week high of Rs 202.95 in Wednesday’s intra-day trade, on the back of heavy volumes and stable outlook. The stock surpassed its previous high of Rs 195.4 apiece, which it had touched on October 7. The stock traded at its highest level since May 2018. READ MORE

2:45 PM

RBI rate hikes to have limited impact on Indian banks' profits: Moody's

The Reserve Bank of India's slew of rate hikes this year to combat surging inflation will help lift banks' net interest margins, but the increase will be limited, Moody's Investors Service said. READ MORE

2:37 PM

Market Check:: Sensex at day's high, up over 450 points

2:29 PM

BSE 500:: Crompton Greaves Consumer, Thermax among volume shockers

Crompton Greaves Consumer has witnessed unusually high volume of around 21.56 lakh shares on the BSE so far as against its five-day average volume of around 1.77 lakh shares. Similarly, Thermax, Bombay Burmah, Elgi Equipments and Alkyl Amines also witnessed a significant spike in volume on Wednesday.

2:16 PM

Here's why IDFC, IDFC First Bank shares jumped up to 5% on Wednesday

In the past three months, stock of the holding company has surged 45 per cent after the Competition Commission of India (CCI) approved the divestment of IDFC Asset Management Company (IDFC AMC) on August 1, 2022. READ MORE

2:03 PM

Asian Markets Update:: Shanghai soars 1.5%; Nikkei, Hang Seng recoup losses

Source: Yahoo Finance

1:53 PM

Don't let exposure to mid and small-cap funds exceed 30%: Experts

Mid-cap and small-cap funds have outperformed large-cap funds during the bounce back from the June 2022 lows. While large-cap funds have yielded 7.1 per cent, mid-cap and small-cap funds have given returns of 11.4 per cent and 12.9 per cent, respectively, over the past three months ended October 10. READ MORE

1:42 PM

BSE 500:: Top losers so far

Welspun Corp and Aster DM Health down over 4 per cent each were the top losers among the BSE 500 stocks so far. Adani Enterprises, Zomato and Thermax were the other major losers on Tuesday.

1:32 PM

Adani Data Networks gets unified licence for full fledge telecom services

Adani Data Network has been granted unified licence for access services, which enables it to provide all telecom services in the country, according to two official sources.  Adani Group entered the telecom sector after buying spectrum in the recent auction. READ MORE

1:21 PM

Strong leasing activity to benefit Real Estate Investment Trusts

With CY2022 expected to be a record year, listed majors in the commercial real estate segment are expected to be major beneficiaries. The return-to-office trend has led to an increase in leasing activity, higher occupancies, rising rental income and mark-to-market gains on renewals. This will help real estate investment trusts (REIT) such as Embassy Office Parks REIT, Brookfield India Real Estate and Mindspace Business Parks REIT, which are a direct play on the upward trend in the leasing of offices. READ MORE

1:10 PM

Sensex 30 Heatmap:: Power majors shine; Asian Paints, Dr.Reddy's slip