Sensex zooms 874pts in broad-based rally; Nifty tops 17350; RIL, HDFC up 2%

CLOSING BELL: Mukesh Ambani-led Reliance Industries (RIL) is set to become India's first company to hit market capitalisation (m-cap) of Rs 19 trillion

4:15 PM

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

Nifty rallied on the back of a bullish harami candle formed on Wednesday. Yesterday the Nifty formed another bullish reversal pattern, the bullish island reversal pattern, which is likely to take the Nifty higher in the short term. On the higher end, immediate resistance is seen at 17400-17450; however, this resistance zone is likely to be broken over the near term. Above 17450 Nifty may move towrads 17700. On the lower end, support is visible at 17200.

4:08 PM

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

Bulls came back strongly today after a pretty long wait helped by the Energy sector which is seeing robustness in gross refining margins. Almost all sectoral indices led by Automobiles traded in the Green with the volatility index cooling off. Accumulation seen in some of the big boys which led the fall during the last one week helped the Bulls get back strongly today.

4:08 PM

Market view: Vinod Nair, Head of Research at Geojit Financial Services

Resurgence of investor interest in IT and Banking space along with support from heavyweights and global peers helped in strengthening the market. However geopolitical worries, inflation fears and likely hike in fed rates is pressurising the foreign investors to continue their selling spree. Increasing oil prices on concerns over potential EU ban on Russian imports will be a short term headwind resulting in volatility in the market.

4:02 PM

US equity futures trade on a positive note

3:57 PM

Closing bell: Over 1,400 stocks advanced while 580 declined

3:56 PM

Closing bell: Cipla, Hindalco, ONGC top Nifty 50 losers

3:55 PM

Closing bell: Eicher Motors, M&M, Coal India top Nifty 50 gainers

3:53 PM

Closing bell: Nifty Auto best sectoral performer

3:46 PM

Closing bell: Broader markets upbeat; India Vix cools off below 4%

3:38 PM

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

3:35 PM

Closing bell: Only 3 out of 30 Sensex stocks close in negative zone

3:33 PM

Closing bell: Over 800 points gain for Sensex

3:32 PM

Closing bell: Terrific Thursday! Nifty 50 closes above 17,400

3:22 PM

Oil prices rise as investors focus on lower supply from Russia, Libya

Analysts said market volatility is likely to pick up again soon, with the EU still weighing a ban on Russian oil for its invasion of Ukraine. READ MORE HERE

 

3:15 PM

Media stocks bleed; Saregama declines over 3%

3:11 PM

Logistics stocks rise in an upbeat market; VLR Logistics, Gati spike over 9%

3:01 PM

Adani Enterprises rallies 5%, hits record high; stock soars 27% in a month

Shares of Adani Enterprises hit a record high of Rs 2,293.55 after they rallied 5 per cent on the National Stock Exchange (NSE) in Thursday's intra-day trade, surpassing their previous high of Rs 2,255 touched on April 19, 2022. READ MORE HERE

2:55 PM

Adani Enterprises, Angel One, AU SFB among stocks that hit 52-week high

2:48 PM

Govt may revisit BPCL privatisation, including revising the terms of sale

The transition towards green and renewable fuel has made privatisation difficult in existing terms: Official READ MORE HERE

 

2:40 PM

Auto stocks in fast lane; Eicher Motors, Escorts zoom over 3%

2:32 PM

Bajaj Finserv, M&M, RIL fuel Sensex over 900 points

2:21 PM

Mixed trade for European markets

2:11 PM

ED raids JSPL offices over suspected violation of forex regulations: Report

Jindal Steel shares plunged as much as 6% to a three-week low in their biggest fall since mid-March. READ MORE HERE

1:52 PM

RIL m-cap nears Rs 19-trillion mark; stock surges 10% in 3 days

According to the BSE data, RIL m-cap stood at Rs 18.84 trillion at 01:16 PM, just a per cent away to claim the Rs 19 trillion feat. READ MORE HERE

1:43 PM

Government likely to take a call on timing of LIC IPO within this week

The government is likely to take a call on the timing of LIC initial public offering within this week, a senior official said. READ MORE HERE

1:38 PM

BSE 500:: Stocks gaining sharply from lows of the day

PNC Infratech has zoomed 10.5 per cent from the lows of the day. Gland Pharma, Gujarat Fluoroch, Swan Energy and GE Shipping were the other major stocks to rally smartly from the lows of the day.

1:29 PM

BSE 500:: Stocks falling sharply from day's high

MRPL has tanked nearly 10 per cent from the high of the day. Saregama India, Kalpataru Power, Indostar Capital and Varun Beverages were the other prominent stocks to lose ground from the highs of the day.

1:15 PM

BSE 500:: Top weekly gainers

MRPL has surged 27 per cent in the last one week so far. Capri Global, NLC India, Minda Corp and NHPC were the other major gainers, up over 13 per cent each.

1:05 PM

BSE 500:: Top weekly losers

L&T Infotech has dropped over 15 per cent in the last one week so far. Saregama India, Macrotech Developers, Alok Industries, Salora Active and Mindtree were the other major losers, down over 9 per cent each.

12:55 PM

BSE 500:: Top gainers in the last one hour of trades

L&T Finance Holdings has surged nearly 5 per cent in the last one hour of trades. Team Lease Services, Dilip Buildcon and Zensar Technologies were the other significant gainers.