Sensex rises 445 pts from day's low to end flat; Adani FPO fully subscribed

CLOSING BELL: Broader markets, too, remained upbeat throughout the day as Nifty MidCap 100 and Nifty SmallCap 100 outperformed benchmark indices to close up to 2 per cent

4:04 PM

NIFTY OUTLOOK: Relief rally to 17,900 levels on cards

It was again a roller-coaster day for the Indian markets but the range was comparatively narrower from yesterday. Nifty has reversed from the support zone and managed to close above its 200 EMA placed at 17,550 levels.

 

A relief rally can be expected up to 17,900 levels from where selling pressure may be witnessed again until 18050 - 18100 takes out on closing basis. On the lower side immediate support is seen at 17,550 and below that at 17,400 levels.

Views by Rohan Patil, Technical Analyst, SAMCO Securities

4:03 PM

CLOSING VIEW: Adani saga has prolonged needed correction of market premium

The Indian market has been underperforming compared to the rest of the world because it has been trading at premium valuations, which are in contrast to the moderation forecasted in the domestic economy for FY24.

The premiumization has tapered, currently trading in-line with developed markets like the US; however, we continue to trade at a premium to other emerging markets.

The Adani saga has prolonged the correction as FII selling has increased. Now the focus is on the outcome of budget and Fed policy, on which the market has a mixed view.

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

4:00 PM

PSB index surges 4%; IT, Metal, oil & gas pockets sole sectoral losers

3:58 PM

Broader markets outweigh benchmark; Smallcap index zooms 2%

3:57 PM

UPL rises around 2% as Q3 profit grows 16% YoY

Net Profit up 16.1% at Rs 1,087 cr vs Rs 936 cr (YoY)

3:53 PM

Tech M slips 2% as mgmt cautions on growth moderation

3:51 PM

Sun Pharma sheds 1% despite posting in-line Q3 profit growth

3:48 PM

Adani Power drops 5%, Adani Gas 10%; Adani Transmission up 4%

3:41 PM

BASF sinks 5% on reporting poor Q3 results

3:38 PM

Bajaj Finance, TCS, Tech M top Nifty drags, drop 2% each

3:37 PM

Adani Ports makes it among top 5 Nifty winners

3:36 PM

HEATMAP: SBI, M&M, Ultratech Cement rise 3% each

3:34 PM

CLOSING BELL: Nifty ends with fractional uptick above 17,650

3:32 PM

CLOSING BELL: Sensex recovers 445 pts from day's low; ends 50 pts higher

3:20 PM

ALERT: Adani Enterprises FPO fully subscribed led by NIIs

Portion reserved for NIIs has been subscribed 3.3 times so far. 

2:55 PM

Real GDP growth will remain unhindered till crude prices remain below $100/bbl: CEA V Anantha Nageswaran

2:52 PM

Economic Survey: Optimism scores over caution, says Madan Sabnavis

The Survey does not believe that high inflation will come in the way of consumption, which has to be monitored because there are already signs of weakening demand. In FY23, people spent money at the cost of savings. But now with the pent up demand being exhausted, households are preferring to save than spend. READ MORE

madan sabvanis

2:48 PM

RBI's 6.5% GDP forecast for FY24 remains within global target range, says CEA V Anantha Nageswaran

2:44 PM

GST paid by MSMEs in FY22 crossed pre-pandemic levels, says CEA V Anantha Nageswaran

2:33 PM

India's improved balance sheets & digital infra to add 60-100 bps growth to India's GDP in FY24, says CEA

2:31 PM

Govt's debt to GDP ratio saw modest growth relative to global peers: CEA V Anantha Nageswaran

2:29 PM

Capital expenditure rose to 19% in FY23 from 12% in last seven years: CEA V Anantha Nageswaran

>> Revenue expenditure, however, declined to 11% in FY23 over the last seven years

2:26 PM

Simplification of regulatory framework helped improve investor sentiment: CEA V Anantha Nageswaran

2:26 PM

Adani Enterprises FPO :: Issue subscribed 80% so far on final day

2:25 PM

Private investment in agriculture up 9.3% in 2020-21, highest in 12 yrs: CEA V Anantha Nageswaran

2:18 PM

Pick-up in credit growth seen across agriculture, services sectors: CEA V Anantha Nageswaran

2:13 PM

COMMENT :: 'Budget likely to build on growth momentum'

The growth projections for the Indian economy provide comfort given the headwinds around global slowdown.  The Budget is likely to build upon this momentum through policy reforms, consistent and predictable tax regime, measures to strengthen the investment eco-system including for start-ups and reduce compliances, disputes and litigation for businesses and individuals.

Views by: Vikas Vasal, National Managing Partner - Tax, Grant Thornton Bharat

2:11 PM

Economic Survey highlights: Credit to services sector rose 21.3% YoY in Nov'22

2:07 PM

Economic Survey highlights: Geographically pervasive nature of crypto ecosystem necessitates regulation

2:05 PM

Economic Survey highlights: Food inflation based on CFPI rose 7% in FY23 from 3.8% in FY22

>> The RBI forecasts elevated domestic prices for cereals and spices in the near term, owing to supply shortages