CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers

Market LIVE: Sensex surges 500 pts; Nifty50 above 17,100; Auto, IT upbeat

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<b>CLOSING BELL</b><br />
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<div>
	Equity markets snapped their 5-day losing run and ended higher on Wednesday amid buying in IT, Auto, and FMCG stocks. The BSE Sensex soared 574 points, or 1 per cent, to close at 57,037 while the Nifty50 ended at 17,136.5, up 178 points or 1 per cent. Both the indices hit intra-day highs of 57,216 and 17,187, respectively.&nbsp;&nbsp;</div>
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	Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers, advancing between 2.4 per cent and 3.4 per cent. Bajaj twins, ICICI Bank, ITC, L&T, and Tata Steel, meanwhile, were the top laggards, down up to 3 per cent.&nbsp;</div>
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<div>
	In the broader market, the BSE MidCap and SmallCap indices added up to 0.5 per cent. Sectorally, the Nifty Metal index was the top loser, falling 0.3 per cent, while the Nifty Auto index was the biggest gainer, up 2.4 per cent.</div>
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	<strong>Global cues</strong></div>
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	European stocks saw some positive gains after opening around the flatline on Wednesday as investors monitor developments in Ukraine and assess the IMF&#39;s latest global economic forecasts. The pan-European Stoxx 600 index was flat at the open but soon turned positive to trade 0.3 per cent higher with the majority of sectors in positive territory.</div>
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	On Wall Street, Nasdaq Futures were down 0.5 per cent, while Dow Jones and S&P500 Futures slipped up to 0.3 per cent.</div>
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	In Asia, Japan&#39;s Nikkei gained 0.86 per cent, South Korea&#39;s Kospi ended flat with negative bias, and Hong Kong&#39;s Hang Seng wased 0.4 per cent.</div>
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Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%

Business Standard

The money will be used to escape default on Vedanta's upcoming payments


A corporate presentation notes the "consistent shareholder returns" from more than $11 billion in dividends over the past decade


New Zealand will play at six venues out of the ten stadiums scheduled to host the World Cup matches.

Neeraj Chopra javelin throw event at the Asian Games will start in the evening on October 4 at 4:35 pm according to Indian Standard Time.


A senior officer said both were produced before a court which remanded them in police custody

In a similar incident on September 27, Pro-Khalistan graffiti was found written on the walls at Delhi's Kashmiri Gate flyover, after which Delhi Police registered a case in the matter

Country remains one of the fastest-growing global economies but 'adverse global environment' a challenge, it says

Job creation in industry continues as firms continue getting new business, says S&P Global


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: Kunal Shah-Senior Technical & Derivative Analyst at LKP Securities

<blockquote>
	<p>
		The Bank Nifty index is still trading below its 200 DMA, which is placed at the 36800 level. The index needs to cross this level decisively for resuming the up move. The index lower-end support stands at 36100 and, if breached will witness further downside towards 35800-35100 levels.</p>
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		<img align="" alt="Between December 2020 and February 2021, traders were supposed to maintain at least 25 per cent of the peak margin" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/10/full/1649610790-9703.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="equity market, stocks, share market" width="620" /></div>
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Market view: Vinod Nair, Head of Research at Geojit Financial Services

<blockquote>
	<p>
		With support from recovery in beaten-down HDFC stocks and the IT sector, the market countered yesterday&rsquo;s selloff. Foreign investors are pumping out funds in large quantities while support from DIIs is helping the market to partially balance the pressure. A similar level of volatility can be expected to continue until global uncertainties settle down leading to a softening of FII selling.</p>
</blockquote>

Closing bell: Over 1,100 stocks advanced whereas 979 declined

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Closing bell: Nifty Auto best sectoral performer

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Closing bell: Smallcaps outshine Midcaps; India Vix slips below 5%

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Closing bell: Bajaj Twins, ICICI Bank, JSW Steel top Nifty 50 losers

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Closing bell: BPCL, Tata Motors, Shree Cement top Nifty 50 gainers

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Closing bell: 9 Sensex stocks close in negative territory

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Closing bell: Auto, IT stocks upbeat; Media, Metals lose shine

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Closing bell: Sensex closes higher by over 550 points

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Closing bell: Nifty 50 closes above 17,100 levels

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Nestle gains ahead of Q4 results due tomorrow

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NEWS ALERT :: Govt approves merger of MRPL-OMPL

&gt;&gt; Pursuant to the joint company petition dated 1 December 2021 filed by MRPL and OMPL with the MCA on 3 December 2021, Ministry of Corporate Affairs (&quot;MCA&quot;) has passed an order dated 14 April 2022, sanctioning the scheme of amalgamation between MRPL and OMPL and their respective shareholders and creditors.&nbsp;<br />
<br />
<em>Source: <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/a8df5dfd-40fd-4bdc-8d45-c90a398cc19b.pdf" rel="nofollow" target="_blank">BSE filing</a></em>

HCL Tech Q4 report card due tomorrow; Stock gains over 1%

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JSW Group to develop 900 MW pumped storage hydel project in Bengal

The JSW Group will develop a 900 MW pumped storage hydel power project in West Bengal, its chairman Sajjan Jindal announced on Wednesday. <a href="https://www.business-standard.com/article/companies/jsw-group-to-develop-900-mw-pumped-storage-hydel-project-in-bengal-122042000487_1.html?1650447227" target="_blank"><strong>READ MORE HERE</strong></a><br />
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	<img align="" alt="Representative image of hydel powerplant. (Photo: Wikimedia Commons)" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-07/13/full/1499927324-5843.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="hydel power plant" width="620" /></div>
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Bajaj Twins, ICICI Bank, L&T, JSW Steel top 5 Nifty losers in fag-end trade

Inox Wind falls 7% after board approves fund raise via preferential issue

Shares of Inox Wind were down 7 per cent to Rs 111, after falling 11 per cent from its intra-day high of Rs 125.35 on the BSE in Wednesday&rsquo;s intra-day trade. The fall comes after the board approved fund raise aggregating to Rs 402 crore through preferential issue of equity shares and convertible warrants to promoter and non-promoters. <a href="https://www.business-standard.com/article/markets/inox-wind-falls-7-after-board-approves-fund-raising-via-preferential-issue-122042000561_1.html?1650445582" target="_blank"><strong>Read the story here</strong><br />
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<img alt="Inox Wind" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-05/15/full/1494872066-6986.jpg?im=Resize,width=640" /></a>

Russian officials in talks with RBI to find solution on payments

Welcoming India&#39;s stance on the Ukranian crisis, a senior Russian diplomat on Tuesday said Moscow and New Delhi are attempting to find a solution on the payments front amid the sanctions imposed on Russia by western countries. <a href="https://www.business-standard.com/article/pti-stories/russian-officials-in-talks-with-indian-govt-rbi-to-find-solution-on-payments-russian-diplomat-122041900833_1.html" target="_blank"><strong>Read more</strong><br />
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<img alt="RBI, Reserve Bank of India" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-05/13/full/1620900373-0208.jpg" /></a>

Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%

CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers

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