ITC, HUL, ICICI Bank help lift Sensex 327 pts; Nifty tops 15800; metals dip

CLOSING BELL: The gains in equities coincided with ease in bond yields, where the returns on 10-year government securities fell to a one-month low of 7.35 per cent

4:06 PM

Nifty tech view: Index forms bullish candle on daily chart

Technically Nifty has formed a bullish candle on the daily chart, as it closed above 15800, an important psychological level. 

The overall structure shows that the index is likely to witness consolidation in the range of 15,700-15,970 in the coming sessions.

Once it sustains 16000 levels, we can expect a rally till 16200 levels.

Indicators such as RSI and MACD are showing some strength to lead towards upside in the daily chart.

The Nifty may find support around 15700 followed by 15640 levels, while on the upside, 16000 followed by 16100 may act as an immediate hurdle.

Views by Om Mehra, Choice Broking. 

Photo: Bloomberg

4:02 PM

Closing view: Changing investor preference from growth to value stocks clearly visible

With support from banking stocks, the domestic market recouped its opening gains as provisional business data for Q1 indicated a strong credit growth.

Changing investor preference from growth to value stocks is clearly visible, resulting in selling across sectors like IT.

As we step towards the new earnings season, the prime focus of the market will turn towards quarterly numbers and updated guidance for the new financial year.

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

 

3:58 PM

Rupee gains 10 paise to close at 78.95/$

Photo: Bloomberg

3:56 PM

Tata Power edges 2% up; co to set up solar unit in Tamil Nadu

 

3:54 PM

Steel strips Wheels rises 3%; to consider stock split

 

3:52 PM

Birlasoft sheds 1.5%; co fixes July 15 as record date for buyback entitlement

 

3:49 PM

Avenue Supermarts gains 3% on reporting 2-fold rise in Q1FY23 revenue

 

3:47 PM

Market closes with positive breadth; advance-decline ratio at 1.5:1

 

3:45 PM

Metals top sectoral drag; IT, auto, pharma other laggards; financials up

 

3:41 PM

MidCaps outperform broader market peers and benchmarks

 

3:40 PM

Nifty losers: ONGC extends Friday's slide; TCS, Cipla, steel majors slump

 

3:38 PM

Nifty top winners: Britannia additional FMCG gainer; banks aid upmove

 

3:36 PM

Sensex heatmap: Six of 30 shares sink; HUL, ITC drive gains

 

3:35 PM

Closing Bell: Nifty50 reclaims 15,800-mark; 34 shares close in green

 

3:33 PM

Closing Bell: Sensex manages to pull gains in Monday's choppy session; up 327 pts

 

3:25 PM

US stock futures firmly in green; Wall Street to remain shut Monday

source: finance.yahoo.com

3:12 PM

IndiaMART InterMESH hits 52-week low; stock slips 43% in six months

IndiaMART InterMESH had bought back 160,000 equity shares of the company from its existing shareholders, through tender offer route at Rs 6,250 per equity share. The buyback had opened on June 2, 2022 and closed on June 15, 2022. The company had utilized Rs 100 crore for the buyback. READ MORE

2:58 PM

RBI should intervene less, let rupee depreciate gradually: D Subbarao

In a Q&A, the former RBI Governor says the situation is very different from the Taper Tantrum and that the rupee has actually risen against some other hard currencies. READ MORE HERE

2:53 PM

MARKET CHECK: Sensex gains over 250 points led by HUL, IndusInd Bank

2:45 PM

Mixed trade for European markets

2:40 PM

Hero Electric rolls out first batch of e-scooters from Pithampur facility

EV maker Hero Electric on Monday said it has rolled out its first batch of e-scooters from Mahindra Group's Pithampur manufacturing facility in Madhya Pradesh. READ MORE

2:28 PM

S&P BSE Metal sheds 300 points; Tata Steel, SAIL slip 2%

2:17 PM

TVS Motor may soon cross Rs 1,000-mark; chart strongly in favour of bulls

In the past, the stock had soared up to 7-fold on two instances, a similar trend seems to be playing on the long-term charts currently. READ MORE

2:04 PM

ITC hits highest level since May 2019; stock soars 10% in 6 days

ITC has been gaining market share in cigarettes over the last one year through new premium products & aggrieve trade promotions. READ MORE

1:48 PM

NTPC clocks 21.7% growth in power generation at 104.4 bn units in June qtr

State-run power giant NTPC Ltd on Monday said it has registered a 21.7% growth in electricity generation at 104.4 billion units (BU) in the April-June quarter of this financial year. READ MORE

1:36 PM

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

Aptus Value Housing and MRPL have shed over 6 per cent each from their respective highs of the day so far. Similarly, Indiabulls Housing Finance, Persistent Systems and Responsive Industries were some of the other notable stocks to lose significant ground from the highs of the day on Monday.

1:29 PM

This Mahindra Group stock has zoomed over 80% so far in 2022

Mahindra Lifespace hit a record high of Rs 439.85 and surged 6% on expectation of favorable demand situation in the Indian real estate sector. READ MORE

1:19 PM

BSE 500:: Stocks recovering smartly from the lows of the day

Linde Indai has surged over 6 per cent from its low of the day so far. Similarly, IFB Industries, Rallis India, Sapphire Foods and Jubilant Ingrevia were some of the other significant movers from the lows of the day.

1:12 PM

Fight for cabin crew, firm ATF prices to aggravate airlines' pain: Analysts

The Indian aviation sector is seeing headwinds like the Information Technology (IT) sector, where higher attrition rates have forced the management to dole out benefits like double-digit pay hikes. READ MORE

1:02 PM

HDFC Bank loans rose 21.5% YoY in Q1 to Rs 13.95 trn, deposits up 19.3%

India’s largest private lender HDFC Bank reported 21.5 per cent year-on-year (YoY) growth in advances to Rs 13.95 trillion in Q1 FY23. READ MORE