Sensex, Nifty end choppy session flat; Airtel sinks 3%, HUL 2%, OMCs gain

Closing Bell: Sun Pharma claimed the top winner spot on the Sensex with a gain of 1.7 per cent on launching an anti-cancer drug Palbociclib in India for patients with advanced breast cancer

4:12 PM

TECHNICAL VIEW: Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas

The Nifty has been witnessing sharp swings in both the directions, which is a part of the short term consolidation process. In terms of the price patterns, the oscillations in the last few sessions have resulted in a triangular pattern formation. The Nifty received support on the downside as it approached the lower end of the pattern. 17800 is a key support on the downside. Unless that breaks on a closing basis, the index is expected to witness recovery once again. On the higher side, immediate hurdle is at 18000 beyond which it can test 18100-18150 in the short term.

4:07 PM

MARKET COMMENT: Vinod Nair, Head of Research at Geojit Financial Services

After a volatile session, the domestic market anchored near the flat line as investors remained cautious ahead of the release of inflation data, though positive sentiments from global counterparts attempted multiple recoveries in between. India’s CPI for December is projected to remain unchanged, while the US CPI is estimated to further cool down from November’s level of 7.1%. The relentless selling by FIIs as a result of the premium valuation of the domestic market is weighing on the domestic market.

3:58 PM

Over 1,800 stocks advanced, while 1,626 declined

3:55 PM

Broader markets subdued; India VIX slips 0.4%

3:49 PM

Mixed trend seen across sectors; Nifty FMCG index slips over 1%

3:45 PM

Bharti Airtel, Cipla, Divi's Lab top Nifty50 laggards

3:41 PM

Hindalco, BPCL, Sun Pharma top Nifty50 gainers

3:39 PM

SENSEX HEATMAP: 14 out of 30 index constituents close in green

3:36 PM

CLOSING BELL: Nifty50 closes flat below 17,900 levels

3:34 PM

CLOSING BELL: Sensex closes flat at 60,105 levels

3:23 PM

Global oil inventories expected to grow, prices to drop in next 2 yrs: EIA

Global oil inventories will increase over the next two years with more global oil production than consumption, the US Energy Information Administration (EIA) has forecast. READ MORE

3:13 PM

Etrio Automobiles ties up with Turno to deploy 1,000 e-3-wheelers pan-India

Electric commercial vehicle maker Etrio Automobiles in collaboration with EV financing platform Turno will deploy 1,000 e-three-wheelers pan-India in the next 12 months, the company said on Wednesday. READ MORE

3:00 PM

Global Check:: US, UK stock futures gain up to 0.6%

Source: Investing.com

2:51 PM

HCL Tech revenues may rise up to 6% QoQ to Rs 26,214 cr in Q3: Analysts

As per five brokerage estimates, analysts peg EBIT margins to see an uptick in the range of 53-60 basis points (bps) QoQ to 18.5 per cent in Q3FY23. READ MORE

2:41 PM

Shriram AMC zooms 73% in 3 days post appointment of Kartik Jain as MD & CEO

Shares of Shriram Asset Management Company (AMC) were locked in the 20 per cent upper circuit for a third straight day at Rs 174.20 on the BSE in Wednesday's subdued market. In comparison, the S&P BSE Sensex was up marginally by 0.02 per cent at 60,126. READ MORE