Sensex soars 1,047 pts, Nifty tops 17,250; HDFC jumps 5.5%, Paytm drops 6%

CLOSING BELL: JSW Steel, Titan Company, SBI Life, RIL, Kotak Bank, Tata Consumer Products, Tata Steel, Nestle India, and Eicher Motors were the other notable gainers

4:18 PM

Technical View: Rupak De, Senior Technical Analyst at LKP Securities

The benchmark index has moved into the positive zone on the back of a breakaway gap candle on the daily chart, indicating a change of trend. Going ahead, the trend is likely to remain positive for the short to medium term as long as 17000 is maintained on a closing basis. On the higher end, immediate resistance is visible at 17330. A decisive move above 17330 may induce a stronger rally in the market.

 

 

4:16 PM

Market view: S Ranganathan, Head of Research at LKP Securities

Positive global cues post the Fed rate hike, softening oil prices and progress in Russia- Ukraine talks boosted the confidence of the Bulls as benchmark indices were up over 2% in Afternoon Trade. With the Volatility Index cooling off considerably today, the broader markets too displayed optimism as several Tata Group companies posted 52-week highs today reminding one of the famous Philip Fisher's words - It is often easier to tell what will happen to the price of a stock than how much time will elapse before it happens.

4:15 PM

European markets trade on a negative note

4:10 PM

US equity futures trade muted post Fed's rate hike

4:09 PM

JUST IN: Rupee jumps 41 paise, closes at 75.80 against US dollar

4:07 PM

Closing bell: Energy basket gears up; Adani Green gains above 5%

4:00 PM

Closing bell: Paytm extends downfall below 6%

3:58 PM

Closing bell: Mixed trade for paint stocks; Kansai Nerolac jumps above 6%

3:55 PM

Closing bell: Over 1,300 stocks advanced while 706 declined

3:50 PM

Closing bell: Only 4 Nifty 50 losers - Infosys, Cipla, IOC, HCL Tech

3:47 PM

Closing bell: Top 10 Nifty 50 gainers; HDFC, Titan, JSW Steel lead index

3:45 PM

Closing bell: Broader markets upbeat; India Vix cools off below 6%

3:43 PM

Closing bell: Barring Nifty IT, all sectors close in green

3:36 PM

Closing bell: 28 out of 30 Sensex stocks swim in green

3:34 PM

Closing bell: Bulls color Nifty 50 green, closes above 17,200 levels

3:33 PM

Closing bell: Sensex finishes in style, closes higher by over 1,000 points

3:25 PM

Closing cues: Only 2 out of 30 Sensex stocks in red

3:18 PM

Realty stocks upbeat; Brigade Enterprises spikes above 10%

3:14 PM

Shyam Metalics extends shine after board approves capex plans

3:04 PM

Mild profit-booking seen in tech stocks; Infosys, HCL Tech decline

2:56 PM

ALERT: Russia says paid $117 million to Citibank for Eurobond interest payments

2:48 PM

IFB Ind, Angel One, Greaves Cotton top BSE gainers

 

2:37 PM

EXPERT VIEW: RBI may reassess its accommodative stance in April policy meeting

<< The rate hike by Fed was on expected lines due to high inflation risk coupled with geopolitical tensions.

<< The US treasury yields had shown an immediate spike after the FOMC announcement but stabilized thereafter.

<< The current rate hike along with anticipated monetary tightening indicates the Fed's stance of controlling the high inflation prevalent in the US.

<< Asian markets have reacted positively on account of the Russia-Ukraine situation entering the resolution phase, which was further supported by stabilization of crude prices.

<< Taking this into account, the RBI may reassess its accommodative stance in the next month’s policy meeting.

Views by Shivam Bajaj, Founder & CEO at Avener Capital Request.

2:27 PM

NEWS ALERT: Zelenskiy says Ukraine will join EU

2:18 PM

Reliance, Ola Electric, others to get incentives in battery scheme: Report

Reliance Industries and Softbank Group-backed Ola Electric have won bids to receive incentives under India's $2.4 billion battery programme, four sources told Reuters. Read more

 

2:05 PM

Global markets: European indices open with decent gains

 

2:05 PM

Future Group stocks tumble despite assurance to reverse store takeover by RIL

1:59 PM

Power stocks defy market mood

1:51 PM

Inflation, energy crisis, weak rupee may delay credit revival: Analysts

The impact of the Ukraine-Russia war is being felt across geographies. India, on its part, will be hit by a contagion of high energy prices, sticky inflation, subdued consumption, and weaker-than-expected corporate earnings, caution analysts. READ MORE HERE

1:44 PM

Steel stocks:: Jindal Saw, Jindal Stainless, JSW Steel, Tata Steel shine

Shayam Metalics was the top gainer, up nearly 9 per cent.