However, the gains were muted compared with the previous financial year, when the market soared 70 per cent, thanks to the sharp rebound from Covid-19 lows
Braving many headwinds in the latter part of the current fiscal, Sensex closed the 2021-22 financial year with a gain of 9,059.36 points or 18.29 per cent
CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla
Cosmo Ferrites hit a new high of Rs 635, up 4% on the BSE on Thursday's. The stock has zoomed 3,529% in FY22 from a level of Rs 17.50 on March 31, 2021.
The recent price hike, analysts said, brings some respite for the industry facing multiple headwinds such as steep raw inflation, price erosion in the US market and higher freight costs.
The Sensex rose 740 points, or 1.3 per cent, to end the day at 58,684, the highest since February 10.
Wednesday's sharp rally came on the back of hopes that the end of the Russia-Ukraine war may be on the horizon as Russia on Tuesday said it would cut down its military operation in Ukraine.
Global equity markets, including Indian markets, traded higher as another round of peace talks between Russia and Ukraine got underway amid signs of a peace deal.
CLOSING BELL: Shares of Hero MotoCorp cracked over 6 per cent after reports suggested that the Income Tax Department has found that Hero MotoCorp made more than Rs 1,000 crore bogus expenses
The 30-share BSE barometer was trading 317.22 points higher at 57,910.71.
After falling 537.11 points to a low of 56,825.09 in morning trade, the 30-share BSE barometer staged a recovery in afternoon trade and climbed 231.29 points or 0.40 per cent to settle at 57,593.49
Stock markets are likely to witness volatility this week amid monthly derivatives expiry, ongoing Russia-Ukraine conflict and high crude oil prices, analysts said. Geopolitical tensions and supply-side concerns would continue to dominate investor sentiment, they added. "This week, we will have March month F&O expiry that may provide a direction to this range-bound market. Global equity markets are also rebounding and showing some signs of stabilization, however, there are still uncertainties about the Russia-Ukraine issue that may continue to cause volatility in global markets. "Crude oil prices have again inched higher amid geopolitical issues and supply-side concerns and if it sees further strength then it could be a cause of concern for the Indian equity markets," said Santosh Meena, Head of Research, Swastika Investmart Ltd. According to market analysts, the scheduled monthly expiry of March month derivatives contracts would keep volatility high this week. "Participants will .
CLOSING BELL: Titan Company, Tech M, Maruti Suzuki, Cipla, IOC, Nestle India, Hero MotoCorp, Eicher Motors, L&T, TCS, Wipro, and Tata Steel were the top laggards
CLOSING BELL: Dr Reddy's Labs (up nearly 5 per cent) was the top Nifty gainer today, followed by Coal India, Hindalco, Cipla, NTPC, JSW Steel, Tech M, and RIL
Analysts believe current input cost headwinds are transitory as likely price hikes by companies will help aid margin pressures.
CLOSING BELL: HDFC, Bharti Airtel, Cipla, Britannia, Sun Pharma, Maruti, and Bajaj Auto were the major drags today
RIL, IT stocks lead rally; Sensex set to reclaim 58K mark
CLOSING BELL: Tech M, Tata Motors, BPCL, ITC, JSW Steel, PowerGrid, Bajaj Auto, Infosys, TCS, Bajaj Finserv, Bharti Airtel, Wipro and IndusInd Bank were the other gainers
As the Russian invasion of Ukraine continued to drag on, markets declined on Monday, pushing oil prices even higher.
Stock market live updates: Opening Bell Stock market live updates: The key benchmark indices started Monday's session with mild gains amid ensuing uncertainty of the Russia-Ukraine war. The BSE Sense