Sensex up 1,277 pts, ends above 58K; Nifty tops 17,250; banks, metals lead

CLOSING BELL: IndusInd Bank, Bajaj Finance, TCS, HDFC, Bajaj Finserv, Tata Steel, HDFC Bank, Wipro, L&T, Axis Bank, ITC, SBI, and Infosys were the top Sensex gainers

4:10 PM

TECHNICAL VIEW: Rupak De, Senior Technical Analyst at LKP Securities

Nifty has moved higher after consolidation on the daily chart suggesting a rise in optimism among the market participants. The index has placed itself above 200DMA, which is a bullish setup. The momentum indicator has entered a bullish crossover. The short-term trend looks positive. A decisive move above 17300 may induce a strong rally in the market. On the lower end, support is placed at 17090; resistance on the higher end is visible at 17600/17725.

4:06 PM

GLOBAL CHECK: European markets edge higher in trade

4:02 PM

GLOBAL CHECK: US equity futures perk up; Dow Futures up 450pts

3:55 PM

MARKET COMMENT: S Ranganathan, Head of Research at LKP Securities

Indices surged over 2% buoyed by positive global cues and encouraging quarterly updates on advances and collections from Banks during the second quarter. Ahead of the festive season, the street is optimistic on retail demand across segments and we saw Financials lead from the front today. Participation of the IT sector today lent ammunition to the Bulls as almost all sectoral indices ended in the Green as we near the end of the Navratri festival. Positive Tailwinds at Home amidst gloom elsewhere in the globe left Bears stranded today as the Sensex vaulted past 58K.

3:51 PM

Power Grid, Dr Reddy's the only losers in the Nifty50

3:46 PM

IndusInd Bank, Adani Ports, Bajaj Finance top Nifty50 gainers

3:41 PM

Broader markets upbeat; India VIX slips 8%

3:38 PM

All sectors close in green; Nifty Metal up 3%

3:35 PM

SENSEX HEATMAP: Only 2 out of 30 index constituents close in red

3:34 PM

CLOSING BELL: Bulls drive Sensex over 1,200 points higher

3:33 PM

CLOSING BELL: Nifty50 closes above 17,250 levels, up 350pts

3:24 PM

India VIX extends slide, down over 8%

3:17 PM

S&P BSE Consumer Durables surges over 300 points led by Voltas

3:12 PM

Paint stocks volatile after Brent Crude climbs above $89 per barrel

3:04 PM

Bharti Airtel, Cipla among stocks that hit 52-week high

2:53 PM

India's weakening exports prompt slow trade deficit moderation: Barclays

India's large trade deficit is beginning to consolidate, but the weaker exports are prompting a more gradual adjustment than expected, Barclays Bank said in a note on Tuesday. READ MORE

2:43 PM

Stock of this wind turbine generator company has zoomed 101% in six weeks

Shares of Inox Wind Energy hit a record high of Rs 1,010, up 5 per cent on the BSE in Tuesday's intra-day trade. READ HERE

2:36 PM

Stocks at 52-week high:: Airtel, Cipla, IDFC First Bank

Bharti Airtel, Blue Dart Express, Cipla, IDFC First Bank and KSB among stocks to register a new 52-week high in trades today.

2:29 PM

Gold prices steady near 3-week high as low US bond yields offset pressure

Gold prices steadied near a three-week high on Tuesday, as lower US Treasury yields partially offset pressure from inflation-fearing Federal Reserve and other major central banks that raced each other to ramp up borrowing rates. READ MORE

 

 

2:22 PM

Stocks at 52-week low:: LIC Insurance, Motilal Oswal

Life Insurance of India, Motilal Oswal Financial Services and Johnson Controls-Hitachi Air were the only three stocks to hit a fresh 52-week low in trades on Tuesday among the BSE 500.

2:13 PM

BSE 500:: Easy Trip Planners, Bank of Maharashtra among volume shockers

Easy Trip Planners has witnessed unusually high volume of around 7.91 lakh shares on the BSE so far as against its five-day average volume of around 1.53 lakh shares. Similarly, Bank of Maharashtra, REC, Junilant Ingreva and Jubilant Pharmova also witnessed a significant spike in volume in trade on Tuesday.

2:03 PM

Two-wheeler sales in India rise 9% YoY, still below pre-pandemic levels

Two-wheeler sales in India rose 9.02 per cent year-on-year (YoY) in September from 931,654 units in September 2021 to 1,015,702 units in 2022. However, it is 14 per cent lower than the 1,181,668 units sold in September 2019, the latest figures by the Federation of Automobile Dealers Associations (FADA) revealed. READ MORE

 

1:52 PM

Govt approves Rs 26,000 crore to install 25K mobile towers in 500 days

The project was announced by Telecom Minister Ashwini Vaishnaw at three-day long 'Digital India Conference of State IT Ministers' that concluded on October 3. READ MORE

1:43 PM

Asian Markets Update:: Nikkei, Kospi, Taiwan soar up to 3%; Hang Seng slips

Source: Yahoo Finance

1:34 PM

IPO Update :: Tracxn Technologies' IPO to open on October 10, 2022

>> Price Band of Rs 75 – Rs 80 per equity share 

 

>> Duration:  October 10, 2022 to October 12, 2022

 

>> Minimum Bid Lot is 185 Equity Shares and in multiples thereafter

 

1:26 PM

IDFC First Bank surges 10%, hits 52-week high post Q2 business update

The stock of the private sector lender surpassed its previous high of Rs 53.75, which it had touched on September 15. In the past three months, the stock price of IDFC First Bank has zoomed 60 per cent, as compared to 9 per cent rise in the S&P BSE Sensex. Till 12:49 PM, a combined 85.5 million equity shares had changing hands on the NSE and BSE. READ MORE

1:14 PM

Expert Take ::Neelkanth Mishra on 'The perils of a bad neighbourhood'

This deficit, which has led to a sharp and continuing erosion of foreign currency reserves over the past six months, can be bridged by either slowing the economy down, or attracting more foreign capital. India needs foreign capital to sustain its growth rate, and the current global de-risking episode means slower inflows. READ MORE

1:02 PM

Story of BillDesk and how it became India's largest bill payment platform

To hark back to a time when digital payment services were unavailable seems inconceivable today, but getting people then to use a payment gateway to make bill payments or book movie or railway tickets was a Herculean task. READ MORE

12:51 PM

Kim Kardashian settles with SEC over crypto promotion, to pay $1.26 mn

Kim Kardashian has agreed to settle charges brought by Securities and Exchange Commission and pay $1.26 mn for promoting a cryptocurrency on social media without disclosing the payment she received. READ MORE

12:38 PM

Nifty Pharma index conquers 200-DMA; Cipla, Granules can soar up to 15%

The Pharma index has outperformed the overall market in the recent trading sessions; sustenance above the 200-DMA is likely to trigger further gains for the index.READ MORE