Sensex, Nifty recoup losses, end flat; auto stocks dip, PB Fintech gains 8%

CLOSING BELL: The S&P BSE Sensex ended with a marginal loss of 88 points, while the Nifty held the 18,300-level on Friday.

4:27 PM

TECH VIEW :: 'Bears will watch for 42,000 on Nifty Bank'

The BANK NIFTY index witnessed a volatile trading session where the first half was controlled by the bears and in the closing hours, bulls came back to hold the support. The bulls in order to gain back the momentum will have to take the index above 42,600-42,700 levels from where the uptrend will resume. The bears will watch for 42,000 on the downside if breached and will get an upper hand on the index which will drag it further down toward the 41,500 level."

Views by: Kunal Shah, Senior Technical Analyst at LKP Securities

4:13 PM

COMMENT :: 'Domestic market is now focusing on global trend for future direction'

Domestic market is now focusing on global trend for future direction due to lack of domestic triggers. Negative vibes in developed market and aggressive comment from Fed officials have shaken the ongoing optimistic trend across the globe. Despite a late attempt of recovery, the domestic market largely traded with a negative shade, in all sectors except PSU banks.

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

4:01 PM

COMMENT :: 'Some signs of sluggishness in growth could set in soon due to the aggressive rate action'

The equity indexes closed in the red after a day of volatile trading. The PSU Banks and Realty traded higher defying the trend for the day. What that markets would look forward to would be the developments Europe  and the statements from leading Fed officials on the future stance of the Fed. Though price pressures have ebbed, the retail inflation numbers are too high for the comfort of the central banks, especially in the US and India.

At the same time, the prominent view is that probably inflation has peaked and that central banks might still hike rates but the quantum of hikes would be more moderate. Some signs of sluggishness in growth could set in soon due to the aggressive rate action in the last few months. Markets would focus on the actual numbers to get a sense of the trajectory of inflation and official policy as well.

Views by: Dr. Joseph Thomas, Head of Research, Emkay Wealth Management

3:53 PM

COMMENT :: 'Observing breakout failures across sectors'

Markets traded volatile and ended marginally lower, in continuation to the prevailing consolidation phase. After the flat start, the Nifty index gradually inched lower as the session progressed however recovery in the final hours pared the losses significantly. It finally settled at 18,307 levels; down by 0.2%. All the sectoral indices, barring PSU banking, traded in tandem and ended lower.

 

Markets are indicating the prevailing consolidation to continue and Nifty should decisively cross 18,450 levels to regain strength. Meanwhile, we reiterate our view to focus more on sector/stock selection citing restricted participation. Besides, we’re observing breakout failures across sectors, so maintain strict risk management rules also in place.

Views by: Market Analysis by Mr. Ajit Mishra, VP - Research, Religare Broking

3:51 PM

Currency check :: Rupee ends lower at 81.69/$

>> This comes against Thursday's close of 81.65/$

Source: Bloomberg

3:49 PM

MARKET THIS WEEK :: Paytm, Sun TV, Star Health slide up to 14%

3:48 PM

MARKET THIS WEEK :: Rail Vikas, Timken India, Ircon International among leading winners

3:46 PM

MARKET CHECK :: Top gainers on the BSE today

3:46 PM

MARKET CHECK :: Top losers on the BSE today

3:44 PM

Buzzing stock :: Bikaji Foods recovers smartly after hitting record low intra-day

3:44 PM

Buzzing stock :: Relaxo Footwears hits 8-month low

3:43 PM

Buzzing stock :: Honda India Power soars 9.5%, hits new high in a weak market

3:41 PM

Buzzing stock :: TCPL Packaging zooms 44% in 2 weeks

3:39 PM

BSE SmallCap index dips 0.45%; TCPL Packaging, Alicon Castalloy surge over 10% each

3:38 PM

BSE MidCap index slides 0.4%; Glenmark Pharma, Delhivery falls up to 5%

3:37 PM

Sectoral trends :: All but PSBs crack; Nifty Realty ekes out tepid gains too

3:36 PM

Sensex Heatmap :: HCL Tech, SBI, HUL help trim losses

3:35 PM

CLOSING BELL :: Nifty holds 18,300 after a volatile day

3:34 PM

CLOSING BELL :: Sensex ends sharply off lows

3:28 PM

Global Check:: US, UK stock futures edge higher

Source: Investing.com

3:18 PM

Relaxo Footwears extends slide on weak Q2 results; stock hits 18-month low

Thus far in the calendar year 2022, Relaxo Footwears has underperformed the market by declining 33 per cent as compared to a 4 per cent rise in the S&P BSE Sensex. READ MORE

3:07 PM

Bajaj Healthcare completes USFDA pre-approval inspection of Vadodara plant

Pre-approval inspection of USFDA has completed successfully with zero Form 483 observations of manufacturing facility, said the company, which is a manufacturer of APIs, intermediates and formulations. READ MORE

2:58 PM

Global Check:: Asian markets end marginally in red

Source: Yahoo Finance

2:49 PM

Maruti Suzuki expects to end current fiscal with 3,700 sales outlets

Maruti Suzuki India currently has presence in around 2,250 cities and towns in India. The company added 237 sales outlets in 2021-22 and further 170 outlets between April-October this fiscal year. READ MORE

2:38 PM

ALERT :: Axis Bank hikes lending rate by 10 bps across tenures with immediate effect

2:29 PM

India, EU regulators standoff over clearing houses to affect BNP to HSBC

Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties. A key clause was exchange of information, “including access to all information requested by ESMA.” The authorities also wanted countries to “develop and submit to the commission for endorsement draft regulatory technical standards” related to the class of derivatives. READ MORE

2:19 PM

Union Bank of India m-cap crosses Rs 50,000 cr; stock surges 61% in a month

In the July-September quarter (Q2FY23), Union Bank of India's net profit rose by 21.07 per cent year-on-year (YoY) to Rs 1,848 crore from Rs 1,526 crore in Q2FY22, on the back of an improvement in its net interest margin (NIM). READ MORE

2:08 PM

Price shocker :: PB Fintech, HEG, IFB Industries see sharp upswing in prices

Graphite India, Affle India, AIA Engg other price shockers

1:56 PM

Volume shocker :: GMM Pfaudler, Bank of Maharashtra see massive volumes

HDFC Bank, Central Bank of India, IOB, and SKF other volume shockers on Friday

1:45 PM

BSE500 :: Top losers so far

Mastek, Mishra Dhatu Nigam, and Mazagon Dock tumbled up to 6 per cent on the BSE, while Glenmark Pharma, Delhivery, and Cyeint skidded over 3 per cent.