CLOSING BELL: Reliance Industries, HDFC twins, ICICI Bank, and Bajaj Finance lifted the benchmark S&P BSE Sensex 740 points higher to end at 58,684

a closer look at the stock market data suggests that this rally isn't a one off

sensex, nifty, stock market, bull

<b>CLOSING BELL</b><br />
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	Cyclical sectors such as financials and autos powered an over 1 per cent march on the benchmark indices on Wednesday as investors cheered de-escalation talks between Russia and Ukraine. Investor sentiment was boosted following negotiations between Russian and Ukrainian officials in Turkey, at which Russia&#39;s deputy defense minister claimed Moscow had decided to &quot;drastically&quot; cut back its military activity near Ukraine&#39;s capital.<br />
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	<strong>ALSO READ:&nbsp;<a href="https://www.business-standard.com/article/markets/sensex-rallies-1-300-pts-in-three-days-here-s-what-is-driving-markets-up-122033000694_1.html" target="_blank">Sensex rallies 1,300 pts in three days: Here&#39;s what is driving the markets</a></strong></div>
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	Againt this backdrop, Reliance Industries, HDFC twins, ICICI Bank, Bajaj Finance, and Kotak Bank lifted the benchmark S&P BSE Sensex 740 points higher to end at 58,684. The NSE Nifty50, meanwhile, leaped 173 points to settle at 17,498. The 50-pack index was additionally supported by Bajaj Finserv, Hero MotoCorp, Grasim, Tata Consumer, M&M, and Axis Bank.</div>
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	However, losses in ITC, Tata Steel, ONGC, Hindalco, JSW Steel, Tech M, Coal India, and IOC kept gains in check.</div>
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	In the broader markets, the BSE MidCap index added 0.7 per cent while the BSE SmallCap index gained 1 per cent.<br />
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	Sectorally, the Nifty Metal index took the hardest knock, sliding over 2 per cent on the NSE. On the upside,the Nifty Financial Services index climbed 2 per cent, and the Nifty Bank and Auto indices added over 1 per cent each.<br />
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	<strong>FY22 wrap</strong><br />
	Even though the frontline indices &ndash; the S&P BSE Sensex and the Nifty 50 &ndash; are set to post a double digit return for the second consecutive financial year in 2021-22 (FY22) with a gain of 17 per cent and 19 per cent respectively, it is the small-caps where all the action was concentrated in the year gone by. <a href="https://www.business-standard.com/article/markets/small-caps-steal-a-march-over-sensex-nifty-index-zooms-35-in-fy22-122033000293_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<strong>Buzzing stocks</strong><br />
	Shares of <strong>Tata Coffee</strong> (TCL) and <strong>Tata Consumer Products</strong> (TCPL) rallied up to 13 per cent on the BSE in Wednesday&rsquo;s intra-day trade after TCPL on Tuesday announced a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies. <strong><a href="https://www.business-standard.com/article/markets/tata-coffee-tata-consumer-surge-upto-13-on-business-reorganisation-plan-122033000204_1.html" target="_blank">READ MORE</a><br />
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	ALSO READ:&nbsp;<a href="https://www.business-standard.com/article/markets/inverted-us-yield-curve-no-more-a-worry-for-markets-here-s-why-122033000621_1.html" target="_blank">Inverted US yield curve no more a worry for markets; here&#39;s why</a></strong><br />
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	Shares of <strong>Usha Martin</strong> hit an over 14-year high of Rs 136, on soaring 9 per cent on the BSE in Wednesday&rsquo;s intra-day trade extending it&rsquo;s a month long rally. The stock of the wire rope manufacture has zoomed 54 per cent in the past one month as compared to a 4 per cent rise on the S&P BSE Sensex.&nbsp;<a href="https://www.business-standard.com/article/markets/usha-martin-zooms-54-in-4-weeks-stock-hits-over-14-year-high-122033000581_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	Shares of <strong>Raymond</strong> hit a 52-week high of Rs 855, on rallying 13.5 per cent on the BSE in Wednesday&rsquo;s intra-day trade on the back of heavy volumes. The stock of the textiles company surpassed its previous high of Rs 818.25 touched on January 27, 2022. <strong><a href="https://www.business-standard.com/article/markets/raymond-soars-12-hits-52-week-high-on-heavy-volumes-122033000415_1.html" target="_blank">READ MORE</a></strong><br />
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	<strong>Global markets</strong><br />
	European stocks retreated on Wednesday following the latest round of talks between Russia and Ukraine, aimed at finding a solution to the conflict. The pan-European Stoxx 600 fell 0.8 per cent in early trade, with autos shedding 1.9 per cent to lead losses, while oil and gas stocks gained 1.7 per cent.<br />
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	On Wall Street, Dow Jones and S&P 500 Futures were down 0.3 per cent each while Nasdaq Futures slipped 0.4 per cent.<br />
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	In Asia, Nikkei dipped 0.8 per cent, Kospi gained 0.2 per cent, and Hang Seng advanced 1.4 per cent.&nbsp;</div>

Sensex soars 740 pts; Nifty nears 17,500; banks, auto shine, metals sink

Business Standard

Tata Group-owned Air India, which has embarked on an ambitious transformation plan, expects the first A350-900 aircraft to arrive in India by the end of this year


JKC also said it is expecting the airline to be up and running next year with the launch date likely to be announced in the next few days


India's star Weightlifter Mirabai Chanu will be in action at 12:30 PM IST. Bopanna's mixed doubles match will begin at 10:30 am IST

India shooters Palak and Esha Singh won Gold and Silver in 10m air pistol women's individual event. India's medal count swells to 33 with 8 Gold, 12 Silver and 13 Bronze


Due to the protest, several trains on the Ambala-Shri Ganganagar route were cancelled on Thursday


The South Asian country wants to obtain another 400 of these guns, which would make the equipment about a sixth of all artillery pieces in the Indian armory


IHC said that it continually strives to enhance shareholder value and additional information about the transaction will be included in its quarterly financial disclosure

The global sugar market has been jittery for weeks on concerns that poor rains will crimp output and prompt India to restrict shipments to contain local prices ahead of an election next year


Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

In February 2022, Russia attacked Ukraine&amp;#39;s capital, Kyiv, from the north in an attempt to overthrow President Volodymyr Zelensky&amp;#39;s government. In the months following, artillery bombardment and street fighting continued, with Russia seizing multiple cities.

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After a slew of scandals in his term spanning three years, UK Prime Minister Boris Johnson resigned from office in July. Johnson was succeeded by Liz Truss, who took over the office in September.
						
						But after 45 days in the office, she resigned, becoming the shortest-serving PM in UK history. Her budgetary plans, at the centre of which were tax cut plans, had crashed the markets, making her lose the confidence of almost all her own MPs.
						
						In the days that followed, Rishi Sunak took over as Britain&amp;#39;s 57th prime minister and vowed to fix the mistakes made by his predecessor, Liz Truss.

Russia Invades Ukraine

In April, protests began in the nation following a sharp rise in food and fuel costs. Thousands demanded the resignation of now-ousted President Gotabaya Rajapaksa. The people faced long power cuts daily and shortages of basics, including fuel and food. Sri Lanka&amp;#39;s doctors said they were nearly out of life-saving medicines.
						
						Rajapaksa&amp;#39;s government was being blamed for the chronic mismanagement of the country&amp;#39;s finances. In July, protestors stormed Rajapaksa&amp;#39;s home, pushing him to flee the nation before resigning from office.

UK&amp;#39;s political crisis

In September, 22-year-old Iranian girl Mahsa Amini died after being detained for allegedly violating Iran&amp;#39;s laws requiring women to wear a headscarf. Authorities said she died of illness, but her family claimed she fell into a coma after being mistreated by the police. Sources said the police beat Amini with a baton and banged her head against a vehicle. At her funeral on September 17 in Saqez, women protested by ripping off their hijabs. Protests sparked by her demise have since roped in ethnic minorities and even school children. Thousands of women since then have been showing solidarity by cutting their hair and burning their hijabs in public.
						
						Now, the unrest has spread beyond a women&amp;#39;s right to a movement that is calling for an end to theocratic rule. The protests are now the most broadly supported movement in Iran in over four decades.

Sri Lanka economic crisis

In October, Chinese President Xi Jinping was handed a historic third term in office. He became the first leader of the ruling Communist Party after party founder Mao Zedong to get a third term in power.
						
						This came as China&amp;#39;s economy was running out of steam after decades of high growth. Many expect Xi&amp;#39;s third term may see China revert to more old-school economic management, focusing on shoring up the heavy industry and continuing a crackdown on big tech.

Uprising mounts again in Iran

In a historic first, rich countries agreed to pay for losses and damages caused by climate change. For 30 years, developing nations have been calling for developed countries to compensate for the costs of climate disasters caused by climate change. And rich nations that caused the pollution resisted the demand. But this changed in 2022.

Chinese President Xi Jinping starts record third term in power

In 2022, inflation was rising worldwide, with food and energy prices hitting record highs. The hike was mainly driven by pent-up consumer demand after the pandemic and Russia&amp;#39;s invasion of Ukraine. As the pandemic waned, people wanted to return to normalcy and spend more. This led to companies demanding higher prices. Companies also hired more to serve the pent-up demand. They had to increase wages to attract workers and raise prices to compensate for that.

A landmark deal UN Climate Change Conference (COP27)

In September, Queen Elizabeth II, Britain&amp;#39;s longest-serving monarch, died at 96 after reigning for 70 years. Many said her death would mark a turning point for commonwealth nations as many may disassociate themselves.

The global economy at crossroads

In October, Brazil&amp;#39;s former president, Luiz In&amp;aacute;cio Lula da Silva beat Jair Bolsonaro in the country&amp;#39;s closest presidential race in history. Silva&amp;#39;s win marked Latin America&amp;#39;s shift to the left and pointed to an extraordinary comeback for a man in jail for corruption three years ago.

Queen Elizabeth II dies

In October, billionaire Elon Musk closed his $44 billion deal to buy Twitter after months of dilly-dallying, drama and a lawsuit. The Tesla owner&amp;#39;s Twitter takeover is also one of the biggest tech acquisitions of all time. May fear that Musk&amp;#39;s takeover may turn the social media giant into a hotbed of hate speech.
					
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Brazil elections

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

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

<blockquote>
	<p>
		High volatility prevailed in the global market, but peace talks between Russia and Ukraine gave hopes of de-escalation of the war, helping the domestic market to trade with confidence. The ease in crude oil &amp; commodity prices supported the market as it will help corporates to reduce their margin pressure.</p>
</blockquote>

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US equity futures trade on a negative note

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Closing bell: Over 1,300 stocks advanced while 747 declined

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Closing bell: Hotel stocks sour in trade; Lemon Tree Hotels sulk below 5%

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Closing bell: Insurance stocks upbeat; ICICI Lombard surges over 4%

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Closing bell: Mining stocks defy market mood

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Closing bell: ONGC, Hindalco, JSW Steel top Nifty 50 laggards

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Closing bell: Tata Consumer, Bajaj Twins, Hero Moto top Nifty 50 gainers

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Closing bell: Nifty Metal ends as worst sectoral performer

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Closing bell: Nifty Media best sectoral performer; Saregama soars above 5%

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Closing bell: Media, realty stocks upbeat

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Closing bell: Broader markets close firm; India Vix cools off below 3%

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Closing bell: 21 out of 30 Sensex stocks close in green

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Closing bell: Wonderful Wednesday! Sensex closes higher by over 700 points

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Closing bell: Bull take control as Nifty 50 closes above 17,400 levels

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Bajaj Twins, HDFC Life, Tata Consumer among top Nifty 50 gainers

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CEAT, Apollo Tyres decline on reports of CCI's anti-trust raids

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GR Infra wins five new orders worth Rs 5700 crores; stock gains 3%

Sensex soars 740 pts; Nifty nears 17,500; banks, auto shine, metals sink

CLOSING BELL: Reliance Industries, HDFC twins, ICICI Bank, and Bajaj Finance lifted the benchmark S&P BSE Sensex 740 points higher to end at 58,684

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