Sensex gains 147 pts; Nifty holds 17,500; Rupee hits record low of 83/$

CLOSING BELL: HDFC, Nestle India, ITC, RIL, Axis Bank, and Ultratech Cement were the top gainers

4:16 PM

Market Comment:: US markets, dip in crude oil prices aid sentiment

"European markets interrupted their winning run after a 40-year high CPI in the UK. However, the strong US market due to healthy corporate result announcements is helping the domestic market to sustain the positive trend. Declining oil prices because of increased US supply and global economic slowdown are improving the sentiment for India."

 

- Vinod Nair, Head of Research at Geojit Financial Services

4:15 PM

Tech view: Trend likely to remain positive as long as Nifty holds above 17,400

"The benchmark index Nifty has ended above the previous consolidation high for the second consecutive session. The trend is expected to remain positive as long as the Nifty sustains above the crucial support of 17,400. On the higher end, resistance is visible at 17,700; above 17,700, the index may move towards 17,900. On the lower end, below 17,400, the index may drift down towards 17,250."

 

- Rupak De, Senior Technical Analyst at LKP Securities

4:12 PM

Bank Nifty view: Bank Nifty remains in a buy on dip mode, can rally up to 41,500

"The Bank Nifty index faces some selling pressure at the higher levels and failed to close above the level of 40,500. The options data indicates the resistance at 40,500 where the highest open interests are built up on the call side. The index once closes above 40,500 will witness a further up move towards 41,000-41,500 levels. The index remains in a buy-on-dip mode with strong support at the 40,000-39,800 zone."

 

- Kunal Shah, Senior Technical Analyst at LKP Securities 

 

4:00 PM

PC Jeweller, Kalyan Jewellers may gain up to 40%, hint charts

On hopes of a bumper sales this Diwali season, shares of jewellery-related firms have been in focus so far this month. Will they see further upside. Here's what the charts say. READ MORE

 

3:58 PM

ITC gains 1.8% ahead of Q2 earnings

ITC ended near the day's high with a gain of 1.8 per cent a day ahead of its Q2 results. Analysts expect the company to deliver a strong set of earnings. READ MORE

3:56 PM

Axis Bank jumps 1.7% ahead of Q2 results

The stock scaled a high of Rs 838, and eventually ended with a gain of 1.7 per cent at Rs 830 a day ahead of its Q2 earnings report. READ EARNINGS PREVIEW

3:54 PM

Market Breadth at 2:1 was extremely positive; 132 stocks hit new 52-week high

3:52 PM

Piramal Pharma lists at Rs 202 on BSE; stock hits 5% lower limit

Shares of Piramal Pharma (PPL) listed at Rs 201.80 on the BSE, and eventually ended at the 5 per cent lower circuit at Rs 191.75. READ MORE

3:50 PM

Midhani hits new high on pact with Boeing for aerospace parts

Shares of Mishra Dhatu Nigam (Midhani) rallied to hit a new high of Rs 259.25 on the BSE in Wednesday’s intra-day trade amid reports that the company will work with Boeing India to develop raw materials for aerospace parts. READ MORE

3:41 PM

Broader indices move in sync with benchmark Nifty 50, pare gains at close

3:39 PM

Nifty 50:: Top FIVE gainers and losers on Wednesday

3:37 PM

Sensex 30 Heatmap:: ITC, Axis Bank shine a day ahead of Q2 results; IT stocks slip

3:35 PM

NSE Nifty 50 adds 25 points, settles at 17,512

3:33 PM

Closing Bell:: Sensex ends 146 pts higher at 59,107

The S&P BSE Sensex ended 146 points higher at 59,107 on Thursday led by gains in index heavyweights HDFC and Reliance Industries. The BSE benchmark index has now gained 1,872 points in the last four straight trading sessions.

3:29 PM

BSE 500:: Aegis Logistcis, PNB Housing, NCC among volume shockers

Aegis Logistics witnessed unusually high volume of around 4.02 lakh shares on the BSE so far as against its five-day average volume of around 28,370-odd shares. Similarly, PNB Housing, NCC, HDFC AMC and Lakshmi Machine Works also witnessed a significant spike in volume on Wednesday.

3:22 PM

Global Check:: US, UK stock futures marginally positive

Source: Investing.com

3:14 PM

Mother Sparsh gets second investment from ITC, eyes Rs 100 cr in Series B

Announcement comes on heels of Mother Sparsh's entry into the diaper segment with the launch of Plant-Powered cloth diapers. The firm had raised Rs 20 crore in Series A from ITC last November. READ MORE

2:59 PM

BSE 500:: Top losers so far

TV18 Broadcast and Network 18 down over 6 per cent each were the top losers among the BSE 500 stocks so far. Brigthcom Group, Gujarat Fluorochem and Astral were the other major losers.

2:50 PM

Aarti Industries trades ex-pharma business; stock hits 52-week low

Shares of Aarti Industries hit a 52-week low of Rs 642, down 1 per cent on the BSE in Wednesday's intra-day trade, as the stock started trading ex-pharma business effective today. READ MORE

2:42 PM

Asian Markets Update:: Hang Seng, Shanghai log heavy losses

Source: Yahoo Finance

2:27 PM

BSE 500:: Top gainers so far

Suzlon Energy zoomed over 16 per cent and was the top gainer among the BSE 500 stocks so far on Wednesday. It was followed by PNB Housing, Aegis Logistics, MAS Financial Services and NBCC, up 5-8 per cent each.

2:10 PM

Diwali cheer: PC Jeweller, Kalyan Jewellers may gain up to 40%, hint charts

So far this month, PC Jeweller, Rajesh Exports and Kalyan Jewellers have rallied up to 21 per cent on hopes of a bumper sales this Diwali season. Read here

1:56 PM

Here's a list of cracker stocks to bet on in Samvat 2079

As we enter Samvat 2079, analysts believe that the domestic market's outperformance against global peers will sustain as fundamentals and profitability of Indian corporate improves. Read here

1:47 PM

ALERT :: SpiceJet raises salaries of select pilots; stock up 1%

1:37 PM

Union Budget 2023: Individual taxpayers can expect some relief

The exercise for the last full Budget of the Modi government 2.0 has begun and its broad direction has been laid by Finance Minister Nirmala Sitharaman. She recently said the next Budget will have to be “carefully structured" to sustain growth and contain inflation. She noted that India's biggest concern is the high energy prices in the near future. READ MORE

1:24 PM

Subsidy, price controls to delay stake sale of state-run fertiliser firms

The country is also highly dependent on the import of raw materials for the production of fertiliser, exposing it to external disturbances. The prices have gone up due to the ongoing Russia-Ukraine war. The government has also hiked the subsidy on fertiliser. This year, the subsidy bill is expected to touch Rs 2.5 trillion against the budgeted amount of Rs 1 trillion READ MORE
 

1:14 PM

Prestige Estates Q2 sales bookings rise 66%; H1 bookings jump over 2-fold

Prestige Group has registered sales of Rs 3,511 crore in the July-September period against Rs 2,111.9 crore in the year-ago period. The collection from customers increased 68 per cent year-on-year to Rs 2,602.9 crore, the company said in its operational update for the Q2 and H1 of this fiscal filed on stock exchanges. READ MORE

1:03 PM

US calls OPEC+ decision on oil production mistake, says it backed Russia

Move of OPEC, its allies to cut oil production is a "mistake" and a "short-sighted" decision that has favoured Russians and US is going to re-evaluate its ties with Saudi Arabia, the White House said. Read more

12:51 PM

China's underground market for semiconductors draws desperate automakers

Opportunists the world over have seized on the chips shortfall, jacking up the price companies pay for the crucial circuital components. Read more

12:41 PM

WATCH BS IN FOCUS | Is the worst of inflation behind us?

RBI says that the inflation might have hit the peak and it could start to lose steam from now. Some say the RBI should breathe easy, while others say it shouldn’t. Is the worst of inflation behind us?