Sensex rises 157 pts, Nifty atop 17,300; Nifty Metal index up 3%, FMCGs dip

CLOSING BELL: JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer Products, Shree Cement, and Wipro were the top gainers

4:12 PM

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

The Nifty started to gap up and remained volatile during the day. On the daily chart, a bullish island reversal pattern has been formed. The trend is likely to remain positive over the short term. On the lower end, 17250 may act as crucial support. On the higher end, the index may extend its rally till 17600-17700.

4:10 PM

MARKET COMMENT: Vinod Nair, Head of Research at Geojit Financial Services

The Indian market is maintaining its resilience despite mixed cues from global equities and surging oil prices. Both domestic and foreign investors are supporting the rally. The market was also bolstered by expectations on Q2 results session, with improvement in sectors like Metal, IT, and Reality. However, the decision of OPEC to significantly reduce output has increased oil prices, which is slightly unfavourable for importers like India.

4:05 PM

GLOBAL CHECK: European markets on a slippery slope

4:00 PM

GLOBAL CHECK: US equity futures muted; Dow Futures down 150pts

3:55 PM

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

Markets exhibited resilience amidst optimism and continued its upward momentum from where it left off in the previous session. In a VUCA world, India stands out as a growth market given the incremental momentum witnessed amidst festivities even as we come to an end of Durga Puja. Metals, Media & IT lent good support even as we saw a bout of profit booking in the late afternoon session.

3:51 PM

Over 2,300 stocks advanced whereas 1,098 declined

3:48 PM

Bharti Airtel, HUL, HDFC top Nifty50 losers

3:44 PM

JSW Steel, Coal India, Hindalco top Nifty50 gainers

3:41 PM

Broader markets outperform benchmark; India VIX slips 1%

3:38 PM

SECTORAL CHECK: Nifty Metal best sectoral performer, up 3%

3:36 PM

SENSEX HEATMAP: 18 out of 30 index constituents close in green

3:34 PM

CLOSING BELL: Sensex closes higher by over 150pts

3:32 PM

CLOSING BELL: Nifty50 closes above 17,300 levels

3:25 PM

FMCG stocks drop in a firm market: GCPL down 4%

3:22 PM

ALERT :: Markets dip as EU formally approves eighth round of Russia sanctions

3:11 PM

Nifty Metal extends gain, up over 3%

3:00 PM

BSE 500:: Cummmins, Godrej Consumer, Bharat Forge among volume shockers

Cummins India has witnessed unusually high volume of around 1.8 lakh shares on the BSE so far as against its five-day average volume of around 14,300-odd shares. Similarly, Endurance Technologies, Godrej Consumer, Bharat Forge and Aditya AMC also witnessed a significant spike in volume on Thursday.

 

2:50 PM

Adani Wilmar, Adani Power freeze at 5% upper circuit; Ambuja Cements up 4%

Shares of Adani Group companies were in focus on Thursday with Adani Wilmar (Rs 746.65) and Adani Power (Rs 370.30) being locked in the 5 per cent upper circuit on the BSE. READ MORE

2:41 PM

Market Check:: Sensex off day's high, still up nearly 250 points

2:34 PM

Global Check:: US stock futures marginally in red; UK flat

Source: Investing.com

2:23 PM

BSE 500:: Stocks falling notably from the highs of the day

Esab India has shed almost 5 per cent from its high of the day so far. Suzlon Energy, AU Small Finance, Shilpa Medicare and Sapphire Foods have lost notable ground in intra-day trades on Thursday.

2:13 PM

Jubilant Food, Bata: Consumption stocks get leg up amid festive boost

Revival in consumer sentiment is set to boost consumption-related stocks this festive season, believe analysts. According to those at Prabhudas Lilladher, consumer demand remained steady during the July-September quarter (Q2FY23), despite price hikes and inflation, and persistent rural weakness. READ MORE

2:03 PM

News Alert: Ashiana Housing reports H1FY23 sales numbers, stock up 4%

Ashiana Housing has informed BSE that it sold 583 units in the first half of the current fiscal year, amounting to a total sales of Rs 392.23 crore. 

1:54 PM

BSE 500:: Top losers so far

Godrej Consumer down 4.4 per cent was the top loser among the BSE 500 stocks so far on Thursday. Suzlon Energy, Triveni Turbine, Biocon and Lupin were the other prominent losers.

1:44 PM

HFCL enters into pact with Qualcomm Tech, stock jumps 4%

HFCL has entered into Collaboration Agreement with Qualcomm Technologies Inc., USA for design and development of 5G Outdoor Small Cell products. In continuation with our 5G product strategy, HFCL is expanding its 5G RAN (Radio Access Network) portfolio by launching product development of 5G Outdoor Small Cell products for India and global markets, the company said in a release.

1:34 PM

World currency reserves shrink by $1 trn this yr in record drawdown

Global foreign-currency reserves are falling at the fastest pace on record as central banks from India to the Czech Republic intervene to support their currencies. READ MORE

1:26 PM

Asian Markets Update:: A mixed outing for major indices

Source: Yahoo Finance

1:15 PM

Sensex 30 Heatmap:: Banks, Metal stocks shine; HUL, Airtel whine

1:06 PM

BSE 500:: Top gainers so far

JSW Energy soared over 11 per cent and was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by Sterlite Technologies, HEG, Mishra Dhatu and Bharat Forge, up over 8 per cent each.

12:55 PM

Praj Industries hits record high on strong order inflow hopes; stock up 9%

Analysts believe that the company sounded positive about the strong order inflows in the coming quarters, given government's target to achieve 20 per cent ethanol blending by 2025 (EBP-20). Read here