RIL, Bajaj Finance power 777-pt rally in Sensex; Nifty holds 17,200

CLOSING BELL: Sectorally, all the indices ended in the green zone, led by the Nifty Realty and Auto indices, up 3.5 per cent and 3 per cent, respectively

4:15 PM

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

Strong buying interest from domestic investors and positive global trend resulted in a rebound. But volatility persists due to lockdown in China, Russia – Ukraine war and rate hikes. However, dips are encouraging investors to accumulate quality stocks. In a range bound market, it is advised to stick with sectors which are expected to be least impacted by inflation and rising bond yield, banking, IT, Pharma and themes like green energy.

4:13 PM

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

The benchmark index Nifty has continued to remain in jumping jacks mode as Nifty ended significantly higher after a dismal trade in the previous session. However, no directional trend has been established even after a rally of about 250 points. The 200DMA has acted as initial resistance; a further up move can be seen upon a move above 200DMA. On the lower end, support seen at 17000 whereas on the higher end, resistance is visible at 17450.

4:06 PM

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

Benchmark indices gained one and a half percentage today on expectations of record GST collections for April even as FII ownership dropped to multi-year lows at 20%. Bajaj Group stocks, Autos & Real Estate stocks staged a smart recovery today with almost all sectoral indices ending in the Green. FII's continue to be the second highest owners of Financials in India after the GOI despite the sector seeing the highest FII selling during the last one year. The broader markets witnessed buying interest in Footwear stocks with half a dozen listed entities gaining share in both value for money as well as aspirational brands. Earnings expectations also buoyed stocks of state run enterprises of Gujarat in today's trade.

4:05 PM

European markets edge higher in trade

4:00 PM

US equity futures trade on a negative note

3:56 PM

Closing bell: Over 1,200 stocks advanced while 824 declined

3:53 PM

Closing bell: Adani Enterprises, Adani Ports, Adani Power hit new 52-week high

3:51 PM

Closing bell: Nifty Realty best sectoral performer

3:50 PM

Closing bell: ONGC, Apollo Hospitals, Axis Bank top Nifty 50 losers

3:49 PM

Closing bell: Adani Ports, Bajaj Auto, Hero Moto top Nifty 50 gainers

3:48 PM

Closing bell: All sectors close on a positive note

3:45 PM

Closing bell: 26 out of 30 Sensex stocks close positively

3:44 PM

Closing bell: Sensex closes higher by over 750 points

3:43 PM

Closing bell: Nifty 50 closes above 17,200 levels

3:26 PM

Jeff Bezos vs Kishore Biyani 2.0: RIL may pick up FRL through insolvency

Jeff Bezos-led Amazon may continue fighting the legal battle with Future Retail Limited (FRL) related to the $3.4-billion merger deal between Future Group and Mukesh Ambani’s Reliance, according to people familiar with Amazon’s strategy. READ MORE