RIL, ITC, HDFC twins lift Sensex 345 pts up; Bank Nifty hits new peak

CLOSING BELL ON MAY 29, 2023: The Nifty 50 ended 99 points higher, while the Bank Nifty registered an all-time high at 44,483, before settling up 0.7 per cent.

4:00 PM

Comment :: What will take benchmarks to all-time high?

Domestic equities edge higher following global optimism after the US government reached a tentative agreement to raise the debt ceiling and avert a default. Nifty after giving a gap-up opening traded in positive territory throughout the session to close with gains of 99 points (+0.5%) at 18599 levels. Nifty Bank hit a fresh record high at 44,483 levels. Broader markets along with all major sectors too ended in green. Only Oil & Gas and IT closed lower. Indian markets are seeing strong momentum driven by banking and other heavyweight stocks. We expect the uptrend in Nifty to continue and expect it to head toward its life-high levels on the back of positive global cues, consistent FIIs buying, and healthy corporate earnings.

Views by: Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services

3:54 PM

Currency check :: Rupee ends at 82.63/$ against Friday’s close of 82.58/$

3:51 PM

City Union Bank crashes 10% on weak Q4

3:48 PM

Greaves Cotton tumbles 10% as govt to de-register arm from FAME-II scheme

3:45 PM

D B Realty soars 11% ahead of Q4 results on Tuesday

3:42 PM

ICICI Lombard settles 8% higher on ICICI Bank's proposal to raise stake

3:40 PM

Broader market check :: Mid, SmallCap indices underperform frontline peers

3:38 PM

Sectoral check :: IT stocks buck broad-based buying trend

3:37 PM

Sensex Heatmap :: M&M, Titan, Tata Steel lead the 30-pack's rally

3:34 PM

CLOSING BELL :: Nifty fails to hold 18,600

3:33 PM

CLOSING BELL :: US debt ceiling deal lifts markets; Sensex zooms over 300 pts

3:26 PM

Global Check:: US stock futures hold marginal gains; UK mixed

Source: Investing.com

3:18 PM

RBI may reduce policy repo rate in fourth quarter of 2024: Oxford Economics

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3:09 PM

ALERT:: Mahamaya Steel up 4.5% post Q4 results

Mahamaya Steel reported a 34.7 per cent dip in Q4FY23 net profit at Rs 0.62 crore as against Rs 0.95 crore in Q4FY22. Total income surged 33 per cent YoY to Rs 189.04 crore.

3:00 PM

Smartwatch maker Noise seeks to raise $40-50 mn to expand in growing market

Nexxbase Marketing Pvt, which sells smartwatches and earphones under its Noise brand, seeks funds to add products and gain market share in its home base of India. READ MORE