Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip

CLOSING BELL: Among sectors, the Nifty Private Bank, Realty, and Auto indices gained around 1.7 per cent each

4:30 PM

Nifty to remain in buy mode above 18,200

The NIFTY index is being controlled by the bulls, and they have been able to maintain their grip. The index has gone beyond the high point it had reached in the previous week, and the strong buying has led to a shift in the base level from 18,000 to 18,200. The current situation suggests that the index is still in buy mode, and it will remain so as long as it manages to hold on to the support of 18,200.

 

- Rupak De, Senior Technical Analyst at LKP Securities

4:28 PM

Bank Nifty can hit all-time high if clears 43,500 hurdle

The BANK NIFTY bulls after Friday's sell-off once again witnessed buying momentum and the index surpassed the level of 43,000 which will now act as support on the downside. The immediate hurdle on the upside is placed at 43,500 and once taken out on a closing basis will witness a sharp short covering towards all-time high levels.

 

- Kunal Shah, Senior Technical Analyst at LKP Securities

4:26 PM

How will the markets interpret the outcome of Karnataka assembly polls?

The outcome of a state election, analysts believe, does not necessarily determine the outcome of the national elections. READ MORE

4:24 PM

TCNS deal may raise debt, near-term profitability risks for ABRFL: Analysts

Given that TCNS has been lagging peers in recovery and underperforming for more than two years now, only a successful turnaround of the same can create shareholder value, analysts said. READ MORE

4:22 PM

Marico zooms over 7% on steady Q4 performance; brokerages upbeat on outlook

For the quarter ended March 2023, Marico reported an 18.7 per cent growth in net profit at Rs 305 crore. In comparison, net profit for Q4FY22 stood at Rs 257 crore. Total income was up 5.6 per cent YoY at Rs 2,308 crore. READ MORE

4:20 PM

Gujarat Ambuja Exports sinks 10% as net profit more-than-halves in Q4FY23

The company's March quarter net profit more-than-halved, dropping 54.6 per cent, to Rs 69.56 crore on a year-on-year (YoY) basis. READ MORE

4:18 PM

MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5%

The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI's decision to reduce the free float of the duo in its index review this month. READ MORE

4:16 PM

Olectra Greentech advances 4% after net profit rises 52% YoY in Q4

Shares of electric-bus manufacturer Olectra Greentech soared 10 per cent to Rs 712 in Monday’s intra-day trade, after the company registered 52 per cent year-on-year (YoY) rise in consolidated net profit to Rs 27.01 crore in the January-March quarter (Q4FY23). READ MORE

4:13 PM

Coal India slips 2% as Q4 net drops on higher wages; analysts remain divided

Shares of state-owned Coal India fell 2 per cent on Monday after the world's biggest coal miner reported a 17.7 per cent drop in its March quarter net profit on higher provision made for wage revision of employees. READ MORE

4:10 PM

Equitas Small Finance Bank jumps 4.5% on solid March quarter results

Equitas SFB reported a 58 per cent jump in its net profit for the March quarter at Rs 190 crore, which was the lender's highest-ever profit. READ MORE

4:08 PM

Paytm gains 5% as Q4 loss narrows; Goldman Sachs sets Rs 1,150 target

The company reported a net loss of Rs 168 crore for Q4FY23 as against a net loss of Rs 763 crore in the year ago quarter. READ MORE

4:04 PM

Market Breadth was positive; Over 2,073 stocks advanced v/s 1,575 declining stocks on the BSE

4:01 PM

Nifty PSU Bank index slips 0.9%; Bank of India, Indian Bank crack around 5%

3:59 PM

Nifty Auto soars 1.8%; Tata Motors, Sona BLW rally up to 5%

3:56 PM

Nifty Bank surges 1.5%; IndusInd, AU Small Finance Bank, Bandhan Bank lead

3:51 PM

BSE Smallcap Heatmap:: Jai Balaji zooms 20%; TCNS Brands tanks 20%

3:44 PM

BSE Midcap Heatmap:: Delhivery, Laurus Labs, Lupin shine; Bank of India dips 6%

3:41 PM

Broader indices gain in tandem with Nifty 50; India VIX up 2.8%

3:39 PM

Nifty 50 Gainers:: IndusInd Bank, Tata Motors rally 5%; Bajaj twins shine

3:37 PM

Sensex 30 Heatmap:: 27 Gainers v/s 3 Losers

3:35 PM

CLOSING BELL:: NSE Nifty50 settles at 18,264, up 195 pts

3:33 PM

CLOSING BELL:: S&P BSE Sensex ends 710 pts higher at 61,764

3:22 PM

Oil Ministry panel proposes ban on 4-wheeler diesel vehicles by 2027

India should ban the use of diesel-powered four-wheeler vehicles by 2027 and switch to electric and gas-fuelled vehicles in cities with more than a million people and polluted towns in order to cut emissions, an oil ministry panel is recommending. READ MORE

3:12 PM

News Alert:: Vardhman Special Steels fixes record date for bonus issue; stock up 1%

Vardhman Special Steels has fixed May 19 as the record date for the proposed 1:1 bonus issue.

3:01 PM

News Alert:: Brookfield to mull stake sale in Indus Towers; latter down 1%

According to Bloomberg, Brookfield is said to mull up to 10 per cent stake sale in Indus Towers to meet regulatory needs.

2:49 PM

This smallcap glass container firm has made investors richer by 5x in 5 yrs

Over the last one year, the stock has given returns of around 98 per cent, rising from Rs 298.6 apiece. The stock's 5 year-run has also been stellar with an increase of over 5 times (up 436 per cent). READ MORE

2:37 PM

Earnings Alert:: UPL Q4 net dips 43%; stock exhibits volatility

UPL Q4 net profit tumbled 43 per cent to Rs 790 crore for the quarter ended March 2023 when compared with Rs 1,379 crore in the corresponding quarter a year ago. Total income, however, was up 4 per cent YoY at Rs 16,569 crore.

 

2:26 PM

Go Airlines asks firms's tribunal to urgently pass order on bankruptcy plea

Go Airlines asked country's company law tribunal to urgently pass an order on its insolvency plea, citing lessors' efforts to take back planes, per the court hearing. READ MORE

2:13 PM

Sensex recovers 800 pts from Friday's low; key reasons behind the rally

The S&P BSE Sensex recouped 817 points or 1.3 per cent from Friday's low to claim day's high of 61,832, whereas the NSE Nifty index recovered 224 points or 1.2 per cent to hit day's high of 18,279. READ MORE

1:59 PM

Earnings Alert:: CG Power & Industrial Solutions Q4 net zooms 120%; stock at day's high

CG Power & Industrial Solutions reported a 120.3 per cent growth in Q4FY23 net profit at Rs 240.23 crore when compared with Rs 109.02 crore in Q4FY22. Total income rose 27.3 per cent YoY to Rs 1,802.32 crore.