ITC, RIL, ICICI Bank help lift Sensex 600 pts higher, Nifty above 17,900

CLOSING BELL: Sensex and Nifty indices snapped their 2-day losing run, ralling on Tuesday as supportive global cues, ease in WPI inflation, and healthy buying in heavyweights lifted sentiment.

4:10 PM

COMMENT:: IT stocks rallied on anticipation of slowdown in US inflation

"Domestic indices edged higher, inspired by their global counterparts, as investors await the US inflation numbers today. The whammy over India’s retail inflation breaching the RBI’s tolerance level was cooled by WPI inflation easing to 4.73% in January. IT stocks were in focus as investors anticipated a slowdown in US inflation, which could result in favourable Fed policy."

 

- Vinod Nair, Head of Research at Geojit Financial Services

 

4:07 PM

Adani Enterprises rebounds sharply after reporting massive jump in Q3 net

Shares of Adani Enterprises (AEL) jumped 10 per cent to an intra-day high of Rs 1,889, bouncing 17 per cent from the day's low on the BSE on Tuesday soon after the company announced its October-December quarter (Q3FY23) earnings. READ MORE

4:05 PM

Is the worst over for new-age tech companies? Here's what analysts say

A renewed buying interest in new-age technology companies was seen in the past one month, as investors pinned hopes on improved outlook post the October-December 2022 quarter results (Q3FY23). READ MORE

4:02 PM

ITC gains 3% a day ahead of turning ex-dividend; stock nears record high

With a modest 1 per cent increase in duty on cigarettes and improving outlook for FMCG and Hotels, brokerages think ITC is well positioned for a strong FY24. READ MORE

 

4:00 PM

Nykaa extends fall post Dec quarter results; stock dips 8% in two days

The company said gross margin declined due to change in BPC category mix, higher brand funded discount during festive season, consumer downgrades. READ MORE

3:58 PM

Zee Entertainment nears 52-week low post weak Q3 results

The company said advertisement revenue YoY growth impacted due to FTA withdrawal (Zee Anmol) and slowdown in FMCG spends due to challenging macro-economic environment. READ MORE

3:56 PM

WPIL vaults 7%; stock has rallied over 50% in four trading days

Shares of WPIL hit the 10 per cent upper circuit and hit a new high of Rs 1,791.65 on the BSE on Tuesday. In the past four trading days, the stock of the industrial products company has zoomed 53 per cent after it reported robust December quarter results. READ MORE

3:53 PM

BSE Smallcap Heatmap:: Nucles Soft, NFL, Mirza Intl zoom up to 20%

3:51 PM

BSE Midcap Heatmap:: Oil India soars 7%; Adani Power down 5%

3:49 PM

Nifty PSU Bank index gains 1%; Indian Bank, Bank of Baroda shine

3:45 PM

Market Breadth fairly negative; nearly 2,200 stocks declined on the BSE

3:43 PM

Broader markets underperfrom; Midcap, Smallcap indices finish in red

3:41 PM

Nifty 50 Losers:: Apollo Hospitals, Eicher Motors slip over 2%

3:39 PM

Nifty 50 Gainers:: UPL, ITC jump over 3%; RIL adds 2.5%

3:37 PM

Sensex 30 Heatmap:: 19 Gainers v/s 11 Losers

3:35 PM

CLOSING BELL:: Nifty 50 settles at 17,930, up 159 points

3:33 PM

CLOSING BELL:: S&P BSE Sensex ends 600 points higher at 61,032

3:22 PM

Global Check:: US, UK stock hold marginal gains

Source: Investing.com

3:14 PM

India's soaring Russian oil imports making rupee payment mechanism futile

India’s love for discounted Russia oil is widening its trade deficit with Moscow and the casualty is their much-touted rupee trade plan. The gap between their exports and imports is rising and that’s making the local currency payment mechanism futile, people familiar with the matter said, asking not to be identified as the discussions are private. READ MORE

3:05 PM

BSE 500:: Phoenix Mills, NOCIL, HDFC among volume shockers

Phoenix Mills witnessed unusally high volume of around 15.28 lakh shares so far on the BSE as against its five-day average volume of around 4,300-odd shares. Similarly, NOCIL, Lakshmi Machine Works, Allcargo Logistics and RHI Magnesita were among the other BSE 500 volume toppers on Tuesday.

2:54 PM

Rupee to end FY23 stronger after recent volatility: Business Standard Poll

After displaying considerable strength versus the dollar in the first three weeks of 2023, the rupee surrendered all gains due to uncertainty about how much further US interest rates may rise and as the crisis in the Adani group momentarily soured sentiment for the domestic unit. READ MORE

2:45 PM

Adani Enterprises bounces 17% from day's low on massive jump in Q3 profit

Shares of Adani Enterprises (AEL) jumped 10 per cent to an intra-day high of Rs 1,889, bouncing 17 per cent from the day's low on the BSE on Tuesday soon after the company announced its October-December quarter (Q3FY23) earnings. The stock of the Gautam Adani-led group company had hit an intra-day low of Rs 1,611.30. READ MORE

2:37 PM

BSE 500:: RHI Magnesita, SPARC, Star Health among top losers

RHI Magnesita down over 9 per cent was the top loser among the BSE 500 stocks. SPARC, Allcargo Logistics, Indiabulls Realestate and Star Health Insurance down 5 - 9 per cent each were the other major losers so far on Monday.

2:29 PM

HAL has order book of Rs 84,000 cr, another Rs 50,000 cr in pipeline: CMD

The Hindustan Aeronautics Limited has an order book position of Rs 84,000 cr and another Rs 50,000 cr worth of orders are in the pipeline, its Chairman and Managing Director C B Ananthakrishnan said. READ MORE

2:20 PM

Adani row: We have robust framework to deal with market volatility, says Sebi

Market regulator SEBI has told the Supreme Court that it is inquiring into allegations made in the Hindenburg report against the Adani Group as well as the market activity immediately preceding and post the publication of the report to identify any violations of its regulations. READ MORE

2:01 PM

Stock of this smallcap company has zoomed over 50% in four trading days

Shares of WPIL were locked in the 10 per cent upper circuit and hit a new high of Rs 1,791.65 on the BSE in Tuesday's intra-day trade. In the past four trading days, the stock of the industrial products company has zoomed 53 per cent after it reported robust December quarter (Q3FY23) results. READ MORE

1:59 PM

Earnings Alert :: Adani Enterprises reports Q3 standalone profit at Rs 740 crore vs Rs 2 cr YoY

>> Revenue up 41.9% YoY at Rs 26,612.2 crore
 

>> EBitda at Rs 1,629 cr Vs Rs 771 cr YoY 

 

>> Margin at 6.1% Vs 4.1% YoY
 

1:53 PM

Earnings Alert: Bharat Forge Q3 net dips 14%; stock slips 3%

Bharat Forge reported a 14.3 per cent dip in Q3 consolidated net at Rs 2,89.20 crore for the quarter ended December 2022 as against Rs 337.40 crore in the corresponding quarter a year ago. Total income, however, rose 21.8 per cent YoY to Rs 1,952 crore.

1:44 PM

Torrent Pharmaceuticals forays into OTC segment with calcium supplement

Torrent Pharmaceuticals on Tuesday said it has forayed into the over-the-counter segment in the country with Shelcal 500, a calcium supplement brand. READ MORE

1:36 PM

Boeing cuts India's aviation mkt outlook to 2,210 new jets over next 20 yrs

India's air traffic has "transitioned from recovery to growth," having returned to 98% of pre-pandemic levels, Boeing said, adding that domestic traffic should double by the end of this decade. READ MORE