RIL, IT stocks propel Sensex 1,041 pts up; Nifty tops 16,650; Ethos dips 9%

CLOSING BELL: Among individual stocks, Titan, Infosys, M&M, L&T, Reliance Industries, HCL Tech, TCS, and Tech M were the lead gainers

4:15 PM

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

A near term trend reversal is visible in the domestic market, supported by valuation comfort and positive trend in the global counterparts. US stocks were boosted on softening inflation worries which will be a crucial factor in deciding the tone of the upcoming Fed policy meeting. The easing of long-running lockdown in China also helped in lifting the sentiments across Asian markets. The market is expected to have a positive run in the near term; however, the impact of central bank policies will be a key factor to be monitored.

4:13 PM

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

Nifty has cleared the consolidation zone on the daily chart as it closed with a breakaway gap on the daily chart. On the higher end, however, it found resistance at 16700 before closing a bit lower. The trend remains positive till the Nifty sustains above 16400. On the higher end, a decisive move above 16700 may induce a rally towards 17200.

4:11 PM

European markets edge higher in trade

4:08 PM

US equity futures trade on a positive note

4:04 PM

CURRENCY CHECK: Rupee closes 4 paise higher against US dollar

4:00 PM

Closing bell: Over 2,300 stocks advanced whereas 1,090 declined

3:56 PM

Closing bell: Dhampur Sugar, GMR Power among stocks that hit 52-week low

3:54 PM

Closing bell: M&M, Adani Power among stocks that hit 52-week high

3:50 PM

Closing bell: Kotak Bank, JSW Steel, Sun Pharma top Nifty 50 losers

3:47 PM

Closing bell: M&M, Titan, Infosys top Nifty 50 gainers

3:45 PM

Closing bell: Nifty Realty best sectoral performer

3:43 PM

Closing bell: Broader markets outperform benchmark; India Vix slips 6%

3:41 PM

Closing bell: All sectors sizzle positively

3:39 PM

Closing bell: Only 4 Sensex stocks in negative territory

3:35 PM

Closing bell: Bulls fuel Nifty 50 above 16,650 levels

3:34 PM

Closing bell: Sensex closes 1,000 points higher

3:22 PM

PSU Banks gain steam; Bank of Maharashtra, UBI surge over 5%

3:15 PM

Mahindra & Mahindra to launch fully electric version of XUV 300 in Q1 2023

The company also announced that it will unveil its electric vehicle business strategy, 'Born Electric Vision' of EV concept in August this year. READ HERE

3:05 PM

BSE Auto index hits over 3-mth high; M&M at record high, Tata Motors up 3%

The index has rallied 25 per cent from its 52-week low level of 21,083 hit on March 8, 2022. Given the recent fiscal and monetary measures by Government of India and RBI, the auto sector foresees the cost pressures in the economy to ease out. READ MORE

3:00 PM

NEWS ALERT :: J Kumar Infra bags order of Rs 1,068 cr

>> The company is in receipt of Letter of Acceptance from Ircon International Limited for Construction of Eight lane access-controlled Expressway from Km 69.800 Km 79.783

Click here for details

2:50 PM

Sector check :: PSU Banks soar; Bank of Maharashtra surges 6%

2:40 PM

PayMate India files papers with Sebi to raise Rs 1,500 cr through IPO

Those selling shares in the OFS include promoters -- Ajay Adiseshan and Vishvanathan Subramanian and investors -- Lightbox Ventures I, Mayfield FVCI Ltd, RSP India Fund LLC and IPO Wealth Holdings, besides, certain existing shareholders are too offering shares through this route. READ MORE

2:32 PM

NEWS ALERT :: Jubilant Foodworks appoints Sameer Khetarpal as Chief Executive Officer & Managing Director

2:26 PM

Sector check :: Realty pack rallies; Sobha, DLF lead

2:12 PM

March Quarter Result :: Jubilant Food reports PAT of Rs 116 crore

>> Revenue at Rs 1,158 crore

>> Ebitda at Rs 289.6 crore

>> Ebitda margin: 25%

1:59 PM

IT stocks continue to hold smart gains:: TCS, Infosys lead

IT heavyweights Infosys and TCS led from the front with gains of 4.5 per cent and 3.5 per cent, respectively. Among others, Affle India and KPIT Technologies soared 8.2 per cent and 6.8 per cent, respectively.

1:54 PM

Market Check :: Nifty SmallCap index outshines benchmarks

1:53 PM

BSE 500:: Top monthly losers so far

Jindal Stainless has 37.5 XXX per cent so far and is top monthly loser. Among others, Indostar Capital, Jindal Stainless Hisar, Solara Active, Vardhman Textile and Amber Enterprises have declined 30-35 per cent so far in the last one month.

1:45 PM

NEWS ALERT :: China eases Covid curbs in Shanghai

1:37 PM

BSE 500:: Top monthly gainers so far

Adani Power up over 19 per cent is the top monthly gainer so far. Among others, Gujarat Gas, Hindustan Aeronautics, Bayer Crop Sciences, TVS Motor and NOCIL have rallied 12-16 per cent so far in the last one month.