Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell: Sensex gains 85 points, Nifty at 18755.90
Wednesday, June 14, 2023
At close, the Sensex was up 85.35 points or 0.14% at 63,228.51, and the Nifty was up 39.70 points or 0.21% at 18,755.90, led by gains in index heavyweight Reliance Industries, along with FMCG and metal stocks. The top gainers on Nifty 50 were Tata Consumer, Grasim, JSW Steel, Tata Steel, and Power Grid while the losers were IndusInd Bank, Bajaj Finance, Bharti Airtel, Axis Bank, and Hero Motocorp.In sectoral indices, Bank Nifty fell 91.85 points or 0.21% to 43,988, Nifty Auto rose 0.17%, Nifty FMCG gained 0.59%, Nifty Metal jumped 1.42% and Nifty Oil & Gas surged 0.91%.In the broader market, the BSE MidCap index advanced 0.2 percent, while the Smallcap index added 0.4 percent.

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

Closing Bell:Sensex gains 418 points, Nifty at 18716.15
Tuesday, June 13, 2023
At close, the Sensex was up 418.45 points or 0.67% at 63,143.16, and the Nifty was up 114.70 points or 0.62% at 18,716.20. Tata Consumer, Cipla, ITC, Titan, and Asian Paints were the top gainers on the Nifty 50 index. Kotak Bank, Adani Enterprises, Adani Ports, HCL Tech, and M&M were the top losers on the index. About 2040 shares advanced, 1446 shares declined, and 126 shares were unchanged. In the broader market, the BSE MidCap index soared 1.2 percent, while the Smallcap added 0.8 percent on Tuesday. Nifty Realty shined in trade, recording gains of 3.06%, with Nifty Media rising 1.7%, Nifty Pharma adding 1.12% and Nifty FMCG adding 1.36%.

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600
Monday, June 12, 2023
Opening Bell: Indian equity benchmark indices opened with slim gains today(12 June 2023) as Dalal Street awaits consumer inflation for May and IIP data for April later today. The BSE Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600. The broader markets also moved higher. The BSE MidCap and SmallCap indices rose 0.14 percent and 0.4 percent, respectively. Read more

Closing Bell: Sensex down 223 points, Nifty at 18,563

Closing Bell: Sensex down 223 points, Nifty at 18,563
Friday, June 9, 2023
At Close, The 30-pack Sensex shed 223.01 points or 0.35 percent to close at 62,625.63, and the Nifty was down 71.10 points or 0.38 percent at 18,563.40. Tata Steel, HUL, State Bank of India (SBI), Infosys, HCL Tech, Kotak Bank, Asian Paints, ITC, TCS, and RIL were the top laggards on the 30-pack index as they fell up to 2 percent. Hero MotoCorp, HDFC Life, Divis Labs, Eicher Motors, UPL, and ONGC were additional losers on the Nifty50. The broader indices closed in with cuts, Nifty Midcap 100 and Nifty Smallcap 100 settled 0.14% and 0.12% lower respectively. The sole winner was the Nifty Microcap 250 which saw gains of 0.13%. Sectorally, Bank Nifty closed flat, down 0.01%, Nifty PSU Bank, Nifty FMCG, Nifty Media, and Nifty Auto crashed up by 1.21%. The only sectoral gainers were Nifty Private Bank and Nifty Realty.

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels
Friday, June 9, 2023
Opening Bell: Indian equity markets opened in positive territory in today's( trade, amidst solid global cues. Frontline indices the S&P BSE Sensex surged over 100 points to trade around 62,962 levels, whereas the NSE Nifty50 climbed over 30 points to trade above 18,650 levels. The strength also spread to broader markets, with Nifty Midcap 100 and Nifty Smallcap 100 indices rising 0.2 percent each to outperform benchmark indices. Read more

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels
Thursday, June 8, 2023
Opening Bell: Indian markets started on a positive note today( 8 June 2023), ahead of the Reserve Bank of India's (RBI) monetary policy decision. Frontline indices the S&P BSE Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels. Broader markets, however, outperformed benchmark indices as Nifty Midcap 100, and Nifty Smallcap 100 indices surged up to 0.3 percent. Read more

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels
Wednesday, June 7, 2023
Opening Bell: Indian markets opened higher in today's(7 June 2023) trade, amidst mixed global cues. Frontline indices the S&P BSE Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels. Broader markets, too, exhibited strength as they outperformed benchmark indices. Nifty Midcap 100, and Nifty Smallcap 100 indices climbed up to 0.5 percent. Read more

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels
Tuesday, June 6, 2023
Indian markets were flat in today's(6 June 2023) intra-day trade, amid weak global cues. Frontline indices the S&P BSE Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels. Broader markets exhibited volatility as Nifty Midcap 100, and Nifty Smallcap 100 indices swung between red and green. Read more

Closing Bell: Sensex up 240 points, Nifty at 18593.85

Closing Bell: Sensex up 240 points, Nifty at 18593.85
Monday, June 5, 2023
The S&P BSE Sensex climbed to a high of 62,943 in the intra-day trade, but settled at 62,787, up 240 points or 0.38 percent. The Nifty50, meanwhile, hit a high of 18,640 during the day before closing at 18,594, up 60 points or 0.32 percent. On the NSE Nifty 50 index, M&M, Axis Bank, Tata Motors, L&T, and Grasim are the top gainers of the day. On the other side Divi's Lab, Asian Paints, TechM, Hero MotoCorp, and Nestle India are the top losers of the day, In the broader markets, Nifty Midcap 100, which touched a fresh lifetime high last week, settled flat, up 0.14%, while NSE Smallcap 100 added 0.36%. Sectorally, Nifty Auto added 1.26%, while Nifty IT slipped up 0.3%. Public lender index, Nifty PSU Bank, and Nifty FMCG tanked 0.43%, Nifty Pharma was 0.26% in the green, and Nifty Media surged 0.88%.

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels
Monday, June 5, 2023
Opening Bell: Indian markets opened higher in today's (5 June 2023) trade, following a strong global handover. Frontline indices the S&P BSE Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels. The strength spilled to broader markets too, with Nifty Midcap and Nifty Smallcap indices gaining up to 0.5 percent. Read more

Closing Bell: Sensex up 119.57 points, Nifty at 18534.10

Closing Bell: Sensex up 119.57 points, Nifty at 18534.10
Friday, June 2, 2023
At close, the Sensex was up 118.57 points or 0.19 percent at 62,547.11, and the Nifty was up 46.30 points or 0.25 percent at 18,534.10. The top gainers on the Nifty 50 were Hindalco, HeroMotocorp, Apollo Hospitals, Tata Steel, and Maruti Suzuki while the losers were Adani Enterprises, BPCL, HDFC Life, TCS, and Wipro. Among sectors, Bank Nifty surged 147.65 points or 0.34% to 43,937.85, Nifty Auto gained 0.92%, Nifty Metal jumped 1.22% and Nifty Realty surged 1.42% while Nifty IT fell 0.40%. while selling was seen in oil & gas names. The BSE midcap and smallcap indices rose 0.5 percent each.

Closing Bell: Sensex ends 194 points lower,Nifty at 18487.75

Closing Bell: Sensex ends 194 points lower,Nifty at 18487.75
Thursday, June 1, 2023
At the Close, Sensex finally ended with a loss of 194 points at 62,429. The NSE Nifty gave up the 18,500 level in late trades and settled at 18,488 – down 47 points. The top gainers on the Nifty 50 were Apollo Hospitals, Divis Lab, Bajaj Auto, Tata Motors, and Hero Motocorp while the losers were Coal India, Kotak Bank, Bharti Airtel, SBI Life, and HDFC Life. The BSE Midcap index was up 0.1 percent, while the Smallcap index added 0.6 percent. Nifty Financial Service fell 0.63% while Nifty Pharma jumped 1.06%, Nifty PSU Bank rose 0.59% and Nifty Realty surged 0.98%. Healthcare and IT stocks on the other hand are trading in the green.

Closing Bell: Sensex down 347 points, Nifty at 18534.40

Closing Bell: Sensex down 347 points, Nifty at 18534.40
Wednesday, May 31, 2023
At close, the Sensex was down 346.89 points or 0.55% at 62,622.24, and the Nifty was down 99.40 points or 0.53% at 18,534.40, as traders preferred to take home some gains following the four-day rally ahead of the key vote on the US debt ceiling in the House of Representative later tonight. The top gainers on Nifty 50 were Tech Mahindra, Bharti Airtel, Kotak Bank, SBI Life, and Sun Pharma while the losers were ONGC, NTPC, Axis Bank, Reliance Industries Ltd (RIL), and HDFC. About 1679 shares advanced, 1733 shares declined, and 133 shares were unchanged. In the broader markets, the BSE Midcap and Smallcap indices bucked the trend and finished with gains in excess of 0.5 percent each. In sectoral indices, Bank Nifty tanked 308.20 points or 0.69% to 44,128.15, Nifty Metal plunged 46.50 points or 0.78% to 5,890.05 and Nifty Oil & Gas tumbled 94.75 points or 1.26% to 7,432.15 while Nifty Pharma rose 73.70 points or 0.58% to 12,678.40 and Nifty Realty jumped 3.60 points or 0.76% to 478.80.

MARKET UPDATE: Sensex fell 200 points to 62,770, and the Nifty50 slipped 62 points to 18,573

MARKET UPDATE: Sensex fell 200 points to 62,770, and the Nifty50 slipped 62 points to 18,573
Wednesday, May 31, 2023
Opening Bell: Indian equity benchmark indices opened with cuts today(31 May 2023) tracking losses in Asian equities ahead of the key vote in the US Congress on raising the borrowing limit. The BSE Sensex fell 200 points to 62,770, and the NSE Nifty50 slipped 62 points to 18,573. The BSE MidCap and SmallCap indices, meanwhile, held relative strength against benchmarks. The former was down 0.1 percent, and the latter was flat. Read more

Closing Bell: Sensex gains 122.75 points, Nifty at 18633.85

Closing Bell: Sensex gains 122.75 points, Nifty at 18633.85
Tuesday, May 30, 2023
At close, the Sensex was up 122.75 points or 0.20% at 62,969.13, and the Nifty was up 35.10 points or 0.19% at 18,633.80, as investors preferred to stay on the sidelines ahead of US lawmakers' key vote on lifting the debt ceiling for next two years. The top gainers on Nifty 50 were ITC, HDFC Life, Bajaj Finserv, Kotak Bank, and Bajaj Finance while the losers were Hindalco, Adani Enterprises, Tata Steel, Tech Mahindra, and Dr Redd’ys Laboratories. About 1640 shares advanced, 1766 shares declined, and 112 shares were unchanged. In the broader markets, the BSE Midcap and Smallcap indices added 0.2 percent each. Secotrally, the Bankex and IT indices moved up to 0.4 percent higher, Bank Nifty jumped 124.45 points or 0.28% Nifty Financial Services gained 73.35 points or 0.38%, while the Metal index slipped 1.3 percent on Tuesday.

MARKET UPDATE: Sensex fell 66 points to 62,780, and the NSE Nifty50 slipped 15 points to 18,583

MARKET UPDATE: Sensex fell 66 points to 62,780, and the NSE Nifty50 slipped 15 points to 18,583
Tuesday, May 30, 2023
Opening Bell: Indian equity benchmark indices opened nearly flat today(30 May 2023) tracking the quiet mood across global markets as investors remain on the sidelines ahead of US lawmakers' key vote on lifting the debt limit. The BSE Sensex fell 66 points to 62,780, and the NSE Nifty50 slipped 15 points to 18,583. The broader markets, meanwhile, outperformed benchmarks. The BSE MidCap and SmallCap indices rose up to 0.18 percent versus the nearly flat BSE Sensex index. Read more

MARKET UPDATE: Sensex gained 160 points to 62,050, and Nifty50 edged 47 points higher to 18,370

MARKET UPDATE: Sensex gained 160 points to 62,050, and Nifty50 edged 47 points higher to 18,370
Friday, May 26, 2023
Opening Bell: Indian equity benchmark indices opened with nominal gains today(26 May 2023) tracking overnight strength in the US markets. The BSE Sensex gained 160 points to 62,050, and the NSE Nifty50 edged 47 points higher to 18,370. The broader markets opened in line with benchmarks. The BSE MidCap and SmallCap indices rose up to 0.3 percent. Read more

Closing Bell: Sensex gains 99 points, Nifty at 18321.15

Closing Bell: Sensex gains 99 points, Nifty at 18321.15
Thursday, May 25, 2023
At Close, Sensex gained 99 points or 0.16 percent at 61,873, Nifty gained 36 points or 0.20 percent at 18,321 as investors focussed on stock-specific action and adjusted their positions amid monthly F&O expiry for the May series. Nifty gainers included Bajaj Auto, Adani Enterprises, Bharti Airtel, ITC, and Divis Laboratories, while losers included Wipro, Tata Motors, UPL, Hindalco Industries, and HDFC. Among sectors, the Nifty Realty index advanced 1 percent, followed by the Nifty FMCG index (up 0.6 percent). the auto index gained 0.5 percent, and the capital goods, and power indices all gained 0.5 percent. The Nifty PSU bank index was the top laggard, down 0.45 percent. Positive results were reported by the BSE midcap and smallcap indices.

MARKET UPDATE: Sensex traded flat at 61,716 levels, whereas Nifty50 traded below 18,300 levels

MARKET UPDATE: Sensex traded flat at 61,716 levels, whereas Nifty50 traded below 18,300 levels
Thursday, May 25, 2023
Opening Bell: Indian markets started today's(25 ay 2023) trade on a weak note, amidst mixed global cues. Frontline indices the S&P BSE Sensex traded flat at 61,716 levels, whereas Nifty50 traded below 18,300 levels. Broader markets, meanwhile, outperformed benchmark indices as Nifty Midcap 100, and Nifty Smallcap 100 indices slipped up to 0.2 percent. The volatility index, India VIX, declined by over 2 percent. Read more

MARKET UPDATE: Sensex slipped 160 points to trade below 59,000-mark, whereas Nifty50 declined over 50 points to trade below 18,300 levels

MARKET UPDATE: Sensex slipped 160 points to trade below 59,000-mark, whereas Nifty50 declined over 50 points to trade below 18,300 levels
Wednesday, May 24, 2023
Opening Bell: Indian markets opened lower in today's(24 May 2023) trade in tune with the weak global cues. Frontline indices the S&P BSE Sensex slipped 160 points to trade below the 59,000 mark, whereas Nifty50 declined over 50 points to trade below 18,300 levels. Broader markets, meanwhile, exhibited mixed trends as Nifty Smallcap 100 index gained marginally over Nifty Midcap 100 index. Read more

Closing Bell: Sensex up 18.11 points, Nifty at 18,348.00.

Closing Bell: Sensex up 18.11 points, Nifty at 18,348.00.
Tuesday, May 23, 2023
At close, the Sensex was up 18.11 points or 0.03 percent at 61,981.79, and the Nifty was up 33.60 points or 0.18 percent at 18,348.00. The top gainers on Nifty 50 were Adani Enterprises, Divis Lab, Bajaj Finserv, Eicher Motors, and UPL while the losers were Apollo Hospital, HCL Tech, Grasim, Tech Mahindra, and Kotak Bank. About 1,716 shares advanced, 1,686 shares declined, and 110 shares were unchanged. In the broader markets, the indices outran the frontline indices with the BSE SmallCap index rising 0.43 percent and the BSE SmallCap index gaining 0.11 percent. Sectorally, the gains were largely broad-based with the Nifty Metal index climbing the most (up 2.6 percent), followed by the Nifty Media index (1 percent). Bank Nifty rose 69.35 points or 0.16% to 43,954.45 and Nifty IT fell 133.60 points or 0.46% to 28,873.70.

MARKET UPDATE: Sensex reclaimed 62,000 levels, up over 100 points, while the Nifty50 climbed nearly 50 points to trade above 18,350 levels

MARKET UPDATE: Sensex reclaimed 62,000 levels, up over 100 points, while the Nifty50 climbed nearly 50 points to trade above 18,350 levels
Tuesday, May 23, 2023
Opening Bell: Indian markets opened higher in today's(23 May 2023) trade, amidst mixed global cues. Frontline indices the S&P BSE Sensex reclaimed 62,000 levels, up over 100 points, while the Nifty50 index climbed nearly 50 points to trade above 18,350 levels. Broader markets, too, edged higher in trade as Nifty Midcap 100, and Nifty Smallcap 100 indices surged up to 0.4 percent. Read more

MARKET UPDATE: Sensex recovered over 350 points to claim day's high of 61,942 levels, whereas Nifty50 recouped over 100 points to scale day's high of 18,281 levels

MARKET UPDATE: Sensex recovered over 350 points to claim day's high of 61,942 levels, whereas Nifty50 recouped over 100 points to scale day's high of 18,281 levels
Monday, May 22, 2023
Indian markets wiped off early losses and turned positive in today's(22 May 2023) intra-day trade. Benchmark indices the S&P BSE Sensex recovered over 350 points to claim the day's high of 61,942 levels, whereas Nifty50 recouped over 100 points to scale the day's high of 18,281 levels. The strength spilled to broader markets too, with Nifty Midcap 100, and Nifty Smallcap 100 indices advancing up to 0.2 percent. Meanwhile, India VIX's volatility gauge moderated to 1 percent from the day's 3 percent. Read more

MARKET UPDATE: Sensex gained 155 points to 61,587, and Nifty50 edged 42 points higher to 18,172

MARKET UPDATE: Sensex gained 155 points to 61,587, and Nifty50 edged 42 points higher to 18,172
Friday, May 19, 2023
OPENING BELL: Indian Equity benchmark indices opened with slim gains today(19 May 2023) tracking strength in global markets after US indices touched 9-month-highs overnight. The BSE Sensex gained 155 points to 61,587, and the NSE Nifty50 edged 42 points higher to 18,172. SBI, Tech M, Infosys, HCL Tech, Nestle, ICICI Bank, Ultratech Cement, and Pwer Grid led gains on the Sensex, rising 0.5-1.2 percent. The broader markets opened tepidly. The BSE MidCap was down 0.08 percent and the SmallCap index rose 0.13 percent. On the downside, Divi's Lab, Eicher Motors, UPL, Titan, Maruti, and Tata Steel were the top frontline laggards. Sectorwise, Nifty Auto, Metal, Realty, FMCG and Pharma indices declined, while the IT and PSB pockets were the top gainers. Among stocks, Bata India rose 4 percent on reporting a 4.5 percent YoY profit growth in Q4 to Rs 65.55 crore.

Closing Bell: Sensex down 129 points, Nifty at 18129.95

Closing Bell: Sensex down 129 points, Nifty at 18129.95
Thursday, May 18, 2023
At close, the Sensex was down 128.90 points or 0.21 percent at 61,431.74, and the Nifty was down 51.80 points or 0.28 percent at 18,130, ended lower for the third straight session. The top gainers on Nifty 50 were Bajaj Finance, Bharti Airtel, Kotak Bank, ICICI Bank, and HCL Technologies while the losers were Divis Lab, Adani Ports, ITC, SBIN, and Power Grid. About 1,530 shares advanced, 1,846 declined, and 124 were unchanged. In sectoral indices, Bank Nifty rose 53.6 points or 0.12% to 43,752.3, Nifty Auto fell 0.88%, Nifty FMCG tanked 1.10%, Nifty Pharma plunged 1.27%, Nifty PSU Bank tumbled dropped 1.90%, Nifty Oil & Gas decreased 1.10% and Nifty Realty tumbled 2.37%. In the broader market, the BSE Midcap index shed 0.7 percent, while the Smallcap index was down 0.3 percent. .

MARKET UPDATE: Sensex rose 330 points to 61,890, and Nifty50 gained 72 points to 18,266

MARKET UPDATE: Sensex rose 330 points to 61,890, and Nifty50 gained 72 points to 18,266
Thursday, May 18, 2023
Indian equity benchmark indices held substantial gains in today's(18 May 2023) trade in line with strength in global equities in hopes that a deal to lift the US debt ceiling will soon be reached. The BSE Sensex rose 330 points to 61,890, and the NSE Nifty50 gained 72 points to 18,266. The broader markets opened in line with benchmarks. The BSE MidCap and SmallCap indices rose up to 0.5 percent. Read more

Closing Bell: Sensex down 372 points, Nifty at 18181.75

Closing Bell: Sensex down 372 points, Nifty at 18181.75
Wednesday, May 17, 2023
At close, the Sensex was down 371.83 points or 0.60 percent at 61,560.64, and the Nifty was down 104.70 points or 0.57 percent at 18,181.80, as sentiment turned cautious with fears of US debt default mounting as the deadline to raise the government's borrowing limit draws near. As per reports, the US Treasury may run out of money by June 01 if the $31.4 trillion ceiling is not lifted by then. The top gainers on the Nifty 50 were Hero Motocorp, ITC, IndusInd Bank, UPL, and Bharti Airtel while the losers were Kotak Bank, Apollo Hospital, SBI Life, TCS, and HCL Tech. About 1,666 shares advanced, 1,722 shares declined, and 129 shares were unchanged. Bank Nifty fell 205 points or 0.47% to 43,698.70, Nifty IT tanked 273.05 points or 0.97% to 27,942.95 and Nifty Realty plunged 6.30 points or 1.33% to 465.80. The BSE Midcap index was down merely 0.2 percent, whereas the Smallcap index added 0.3 percent.

Closing Bell: Sensex down 413 points, Nifty at 18286.50

Closing Bell: Sensex down 413 points, Nifty at 18286.50
Tuesday, May 16, 2023
At close, the Sensex was down 413.24 points or 0.66 percent at 61,932.47, and the Nifty was down 112.30 points or 0.61 percent at 18,286.50, on the back of weakness in index heavyweights – HDFC, HDFC Bank and Reliance Industries. The top gainers on Nifty 50 were Hindalco, Cipla, Divis Lab, Asian Paints, and Infosys while the losers were Maruti, Mahindra & Mahindra, Apollo Hospitals, Adani Enterprises, and Kotak Bank. About 1,790 shares advanced, 1,627 shares declined, and 132 shares were unchanged. Among sectors, the Auto index is down 1 percent, and the healthcare, infra, bank, and metal indices are down 0.3-0.4 percent, Bank Nifty fell 110.6 points or 0.25% to 43,961 and Nifty Financial Services dipped 83 points or 0.42% to 19,500.20. while the PSU Bank index is up 0.7 percent. The BSE Midcap and Smallcap indices gained up to 0.2 percent.

MARKET UPDATE: Sensex opened 44 points lower at 62,300, and the NSE Nifty50 unchanged at 18,394

MARKET UPDATE: Sensex opened 44 points lower at 62,300, and the NSE Nifty50 unchanged at 18,394
Tuesday, May 16, 2023
OPENING BELL: Indian equity benchmark indices opened flat today(16 May 2023) tracking mixed global cues. The BSE Sensex opened 44 points lower at 62,300, and the NSE Nifty50 was largely unchanged at 18,394. Tata Steel, Infosys, Wipro, and Nestle led gains on the Sensex, while ONGC, Hindalco, and Divi's Lab rose 1 percent each on the Nifty50. On the flip side, HDFC twins led losses on the Sensex, dropping 1 percent each. Tata Motors, Maruti, and M&M were other frontline losers. The broader markets outperformed benchmarks. The BSE MidCap and SmallCap indices rose up to 0.6 percent versus the nearly flat BSE Sensex. Read more

MARKET UPDATE: Sensex gained 160 points to 62,200, and the NSE Nifty50 edged 45 points up to 18,360

MARKET UPDATE: Sensex gained 160 points to 62,200, and the NSE Nifty50 edged 45 points up to 18,360
Monday, May 15, 2023
Indian Equity benchmark indices held gains in today's(15 May 2023) early trade following a respite in the CPI inflation, which dipped to an 18-month low of 4.7 percent in April. The BSE Sensex gained 160 points to 62,200, and the NSE Nifty50 edged 45 points up to 18,360. The broader markets opened tepidly. The BSE MidCap and SmallCap indices were nearly flat versus a mild uptick in the BSE Sensex Read more

MARKET UPDATE: Sensex fell 190 points to 61,717, and NSE Nifty50 slipped 55 points to 18,242

MARKET UPDATE: Sensex fell 190 points to 61,717, and NSE Nifty50 slipped 55 points to 18,242
Friday, May 12, 2023
Indian equity benchmark indices held losses in today's (12 May 2023) intra-day trade as investors remained cautious ahead of the April consumer inflation and March IIP data that will be released after market hours. The BSE Sensex fell 190 points to 61,717, and the NSE Nifty50 slipped 55 points to 18,242. The broader markets were mixed. The BSE MidCap index was flat but the SmallCap pocket outperformed the benchmarks and rose 0.25 percent. Read more

MARKET UPDATE: Sensex nearly flat at 61,900, while NSE Nifty50 up marginally at 18,330

MARKET UPDATE: Sensex nearly flat at 61,900, while NSE Nifty50 up marginally at 18,330
Thursday, May 11, 2023
STOCK MARKET UPDATE: Ease in US inflation lifted benchmark indices at open today(11 May 2023), but they were soon pulled down by losses in Dr Reddy's and L&T, which dropped 5 percent and 4 percent, respectively, on missing Street estimates for Q4FY23. The BSE Sensex pared gains to turn nearly flat at 61,900, and the Nifty was up marginally at 18,330. The broader markets outperformed the benchmarks. The BSE MidCap and SmallCap indices rose to 0.5 percent versus 0.1 percent in BSE Sensex. Hindalco, Bharti Airtel, and Eicher Motors were the other frontline losers, down 1-3 percent. On the downside, Tech M, Infosys, HDFC, and HCL Tech led gains on the Sensex, while Adani Enterprises claimed the top spot on Nifty, rising 4 percent on its plan to consider fundraising at a board meeting on May 13. Sectorwise, the Nifty IT index rose the most, up 0.6 percent, while the Pharma pocket was the top drag that dropped 1 percent.

MARKET UPDATE: Sensex gained 200 points to 61,965, and the NSE Nifty50 moved 47 points higher to 18,316

MARKET UPDATE: Sensex gained 200 points to 61,965, and the NSE Nifty50 moved 47 points higher to 18,316
Wednesday, May 10, 2023
Opening Bell: Indian equity benchmark indices opened with nominal gains today( 10 May 2023) despite losses in other global markets, where investor sentiment has remained cautious ahead of the US CPI figure later today. The BSE Sensex gained 200 points to 61,965, and the NSE Nifty50 moved 47 points higher to 18,316. The broader markets opened in line with benchmarks. The BSE MidCap and SmallCap indices rose up to 0.4 percent. Read more

MARKET UPDATE: Sensex rose 170 points to 61,936 while the Nifty50 moved 50 points higher to 18,315

MARKET UPDATE: Sensex rose 170 points to 61,936 while the Nifty50 moved 50 points higher to 18,315
Tuesday, May 9, 2023
Opening Bell: The Indian equity benchmark indices opened with nominal gains today(09 May 2023) as global markets remained mixed. The BSE Sensex rose 170 points to 61,936, and the NSE Nifty50 moved 50 points higher to 18,315. The broader markets, meanwhile, firmly outperformed gains in the benchmark. The BSE MidCap and SmallCap indices rose up to 0.7 percent versus a 0.2 percent gain in the BSE Sensex. Read more

MARKET UPDATE: Sensex opened 320 points higher to 61,372 while the Nifty50 gained 87 points to 18,156

MARKET UPDATE: Sensex opened 320 points higher to 61,372 while the Nifty50 gained 87 points to 18,156
Monday, May 8, 2023
Opening Bell: Indian Equity benchmark indices opened with nominal gains today (08 May 2023) tracking a sharp rally in US equities on Friday. The BSE Sensex opened 320 points higher to 61,372, and the NSE Nifty50 gained 87 points to 18,156. IndusInd Bank, Maruti, Tata Motors, HDFC twins, Nestle, and Wipro led gains on the Sensex, while Britannia, Hero Moto, and Bajaj Auto were the top Nifty winners. On the downside, Coal India, Adani Enterprises, Sun Pharma, L&T, and Tata Steel were among the few frontline losers. The broader markets also opened in tandem with benchmarks. The BSE MidCap and SmallCap indices rose up to 0.4 percent. Read more

MARKET UPDATE: Sensex dropped by 400 points to 61,338 while the Nifty50 fell by 100 points to 18,150

MARKET UPDATE: Sensex dropped by 400 points to 61,338 while the Nifty50 fell by 100 points to 18,150
Friday, May 5, 2023
Opening Bell: Today (5 May 2023), equity benchmark indices opened with losses as the concerns over contagion in the regional banking space deepened on Wall Street overnight. The BSE Sensex dropped by 400 points to 61,338, and the NSE Nifty50 fell by 100 points to 18,150. The HDFC twins were the major losers on the Sensex, declining by 4%, followed by IndusInd Bank, HDFC Life, and Tata Steel. On the other hand, ICICI Bank, L&T, Axis Bank, Nestle, Ultratech Cement, and SBI were the top gainers on the Sensex. However, the broader markets opened higher, with the BSE MidCap and SmallCap indices rising by up to 0.3%. Read more

Closing Bell: Sensex gains 556 points, Nifty at 18255.80 1

Closing Bell: Sensex gains 556 points, Nifty at 18255.80 1
Thursday, May 4, 2023
At Close, Sensex gained 0.91 percent or 555.95 points to close at 61749.25 points while Nifty rose 0.92 percent or 165.95 points to 18255.80 points. A possible pause by the US Fed in rate hikes also aided the sentiment. The top gainers on Nifty 50 were Adani Enterprises, Bajaj Finance, HDFC, SBI Life, and HDFC Bank while the losers were IndusInd Bank, UPL, Nestle India, Power Grid, and ITC. The BSE Midcap and Smallcap indices were up 0.8 percent each. Sectorally, the BSE Bankex advanced 0.9 percent. The Metal, Healthcare, and Consumer Durables indices were up over 0.5 percent each. Nifty Financial Services soared 297.1 points or 1.55% to 19,479.35 and Nifty PSU Bank zoomed 51.15 points or 1.23% to 4,194.35. Nifty FMCG was down 0.13 percent

MARKET UPDATE: Sensex gained over 50 points to trade around 61,254 levels while the Nifty50 traded flat above 18,100 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 61,254 levels while the Nifty50 traded flat above 18,100 levels
Thursday, May 4, 2023
Indian markets started today's(4 May 2023) trade on a firm note, after the US Federal Reserve hiked interest rates by 25 basis points. Key indices Nifty50 traded flat above 18,100 levels, whereas the S&P BSE Sensex gained over 50 points to trade around 61,254 levels. Broader markets, also, were upbeat in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.5 percent. Read more

MARKET UPDATE: Sensex rose 250 points to 61,361, while the Nifty50 edged 74 points to 18,139 level

MARKET UPDATE: Sensex rose 250 points to 61,361, while the Nifty50 edged 74 points to 18,139 level
Tuesday, May 2, 2023
Opening Bell: Indian equity markets opened with firm gains today(2 May 2023) buoyed by positive sentiment across Asian markets, following the takeover of fallen US lender First Republic Bank by JP Morgan Chase on Monday. The BSE Sensex rose 250 points to 61,361, and the NSE Nifty50 edged 74 points to 18,139 level. The broader markets, meanwhile, outweighed gains in the benchmarks. The BSE MidCap and SmallCap indices rose 0.7 percent each. Read more

Closing Bell: Sensex gains 463.06 points, Nifty at 18065.00

Closing Bell: Sensex gains 463.06 points, Nifty at 18065.00
Friday, April 28, 2023
At close, the Sensex was up 463.06 points or 0.76% at 61,112.44, and the Nifty was up 150.00 points or 0.84% at 18,065. In sectoral indices, Bank Nifty jumped 233.05 points or 0.54% to 43,233.9 and Nifty IT advanced 352.95 points or 1.29% to 27,708.2. The top gainers on Nifty 50 were Adani Enterprises, Adani Ports, Nestle India, Wipro, and Britannia while the losers were Axis Bank, Titan, ONGC, JSW Steel, and Cipla. The exuberance, however, was deeper in the broader markets where the BSE MidCap rallied 1.3 percent, and the BSE SmallCap index close to 1 percent sectoral indices, Bank Nifty jumped 233.05 points or 0.54% to 43,233.9 and Nifty IT advanced 352.95 points or 1.29% to 27,708.2.

MARKET UPDATE: Sensex down around 70 points at 60,580, while the Nifty50 held the 17,900-mark, down 11 points

MARKET UPDATE: Sensex down around 70 points at 60,580, while the Nifty50 held the 17,900-mark, down 11 points
Friday, April 28, 2023
Opening Bell: The Indian benchmark S&P BSE Sensex failed to hold on to its gains in morning deals today( 28 April 2023) Despite firm global sentiment. The index, which opened nearly 100 points higher, was down around 70 points at 60,580 weighed down by Bajaj Finserv, HUL, Axis Bank, Bajaj Finance, HCL Tech, Tech M, and HDFC Bank shares. The NSE Nifty50, meanwhile, held the 17,900 mark, down 11 points. In the broader markets, the BSE MidCap index added 0.41 percent, and the BSE SmallCap index advanced 0.5 percent. Read more

Closing Bell: Sensex up 349 points, Nifty at 17915.05

Closing Bell: Sensex up 349 points, Nifty at 17915.05
Thursday, April 27, 2023
At Close, The Sensex closed up 348.80 points, or 0.58 percent, at 60,649.38, and the Nifty gained 101.40 points, or 0.57 percent, at 17,915, climbing for the fourth straight day, amid fresh foreign fund inflows and intense buying in IT and telecom stocks. From the Sensex firms, Bajaj Finance, Bajaj Finserv, Infosys, Bharti Airtel, Kotak Mahindra Bank, Larsen & Toubro, Mahindra & Mahindra, ITC, Tech Mahindra, Tata Steel, Tata Motors, Titan, Reliance Industries and Nestle were the major winners. Hindustan Unilever, Power Grid, Axis Bank, Tata Consultancy Services, State Bank of India, Asian Paints and Wipro were the laggards. Except power, all sectoral indices ended in the green. Auto, pharma, realty, information technology, capital goods, and metal were up 0.5-1 percent. BSE midcap and smallcap indices added 0.5 percent each.

MARKET UPDATE: Sensex at 60,343 in early deals, trading 43 points higher, while the Nifty50 held above 17,800-mark

MARKET UPDATE: Sensex at 60,343 in early deals, trading 43 points higher, while the Nifty50 held above 17,800-mark
Thursday, April 27, 2023
Opening Bell: Indian benchmark indices were volatile today(27 April 2023), as traders prepare for the monthly F&O expiry. The S&P BSE Sensex was at 60,343 in early deals, trading 43 points higher, while the Nifty50 held above 17,800-mark. In the broader markets, the BSE MidCap index was flat, and SmallCap index added 0.24 per cent. Shares of Bajaj Finance gained 2.45 per cent. The company's consolidated net profit rose 30 per cent YoY to Rs 3,158 crore in Q4FY23, on the back of higher net interest income (NII). The board recommended dividend payout of Rs 30 per share. Read more

MARKET UPDATE: Sensex quoted at 60,164, up 34 points, while the Nifty50 was unchanged at 17,769.

MARKET UPDATE: Sensex quoted at 60,164, up 34 points, while the Nifty50 was unchanged at 17,769.
Wednesday, April 26, 2023
Opening Bell: Indian equity markets began flat on the last day of the expiry of the F&O contracts for April. The S&P BSE Sensex quoted at 60,164, up 34 points or 0.06 percent. The Nifty50, meanwhile, was unchanged at 17,769. The BSE MidCap index was in the red in the broader markets, while the BSE SmallCap index gained 0.15 percent. Individually, shares of Bajaj Auto dipped 1.37 percent as the two-wheeler major posted a 2 percent drop in profit after tax (PAT) to Rs 1,433 crore in Q4FY23, despite 12 percent year-on-year (YoY) growth in revenue to Rs 8,905 crore. Read more

MARKET UPDATE: Sensex dipped 4 points to quote at 60,052 levels, while the Nifty50 hovered around 17,730 levels

MARKET UPDATE: Sensex dipped 4 points to quote at 60,052 levels, while the Nifty50 hovered around 17,730 levels
Tuesday, April 25, 2023
Opening Bell: Today ( 25 April 2023), benchmark S&P BSE Sensex dipped 4 points to quote at 60,052 levels while the Nifty50 index hovered around 17,730 levels mainly pulled down by selling in HDFC, HUL, M&M, Infosys, HCL Tech, and HDFC Bank. In the broader markets, the BSE MidCap was flat with a mild downtick, and SmallCap indices were up 0.1 percent. Read more

MARKET UPDATE: Sensex advanced 165 points to quote 59,820 levels, while the Nifty50 attempted to surpass 17,700-mark

MARKET UPDATE: Sensex advanced 165 points to quote 59,820 levels, while the Nifty50 attempted to surpass 17,700-mark
Monday, April 24, 2023
Opening Bell: The S&P BSE Sensex advanced 165 points to quote 59,820 levels today(24 April 2023) as investors bought shares of ICICI Bank, Reliance Industries, Wipro, IndusInd Bank, and HDFC twins. The Nifty50 attempted to surpass the 17,700 mark. Both benchmark indices were up over 0.25 percent each. In the broader markets, the BSE MidCap and SmallCap indices were mixed with the former in the red, and the latter in the green. Sectorally, the Nifty Media, Pharma, and Realty indices fell up to 1 percent, while the Nifty Bank index was up 0.5 percent. Read more

Closing Bell: Sensex ends flat, Nifty at 17624.05

Closing Bell: Sensex ends flat, Nifty at 17624.05
Friday, April 21, 2023
At close, the Sensex was up 22.71 points or 0.04 percent at 59,655.06, and the Nifty was down 0.50 points or flat at 17,624. The top gainers on Nifty 50 were ITC, TCS, Britannia, Wipro, and Cipla while the top losers were HDFC Life, Tech Mahindra, Adani Enterprises, SBI Life, and Tata Steel. About 1,498 shares advanced, 1,866 shares declined, and 135 shares were unchanged. The broader markets ended with marginal losses. The BSE Midcap index was down 0.4 percent, and the Smallcap 0.3 percent. Sectorally, the BSE Realty index cracked 2 percent. The Auto and Metal indices slipped a percent each. On the positive front, the FMCG index advanced 0.8 percent, and the IT index added 0.6 percent.

MARKET UPDATE: Sensex rose over 100 points to quote at 59,750, while the Nifty50 tested 17,650

MARKET UPDATE: Sensex rose over 100 points to quote at 59,750, while the Nifty50 tested 17,650
Friday, April 21, 2023
Opening Bell: Indian benchmark indices nudged higher today(21 April 2023), despite global sentiment. In early deals, the S&P BSE Sensex rose over 100 points to quote at 59,750, while the Nifty50 tested 17,650. In the broader market, the BSE MidCap dipped marginally, while the SmallCap index added 0.14 percent. HCL Technologies shares climbed over 2 percent as the IT company reported better-than-expected results for Q4FY23. The company posted a net profit of Rs 3,983 crore for the quarter. This was up 10.8 percent year-on-year (YoY). Read more

MARKET UPDATE: Sensex quoted at 59,810, up 242 points whereas Nifty50 held above 17,650-mark

MARKET UPDATE: Sensex quoted at 59,810, up 242 points whereas Nifty50 held above 17,650-mark
Thursday, April 20, 2023
Opening Bell: Indian equity markets steadied themselves today( 20 April 2023) as investors assessed Q4 earnings and global cues. The S&P BSE Sensex, after starting flat, quoted at 59,810, up 242 points or 0.4 percent, while the Nifty50 held above the 17,650 mark. Individually, Titan, Ultratech Cement, Asian Paints, Tata Motors, Bajaj Finserv, ITC, and M&M were the large caps that lifted the benchmarks. In the broader market, the BSE MidCap and SmallCap indices added 0.18 percent and 0.4 percent, respectively. Sectorally, the Nifty Pharma index was down 0.37 percent, while the Nifty Auto was up 0.2 percent. All other indices were flat on either side. Read more

MARKET UPDATE: Sensex started over 60 points lower at 59,660 , whereas Nifty50 quoted below 17,650

MARKET UPDATE: Sensex started over 60 points lower at 59,660 , whereas Nifty50 quoted below 17,650
Wednesday, April 19, 2023
Opening Bell: Benchmark S&P BSE Sensex started over 60 points, or 0.11 percent, lower at 59,660 today(19 April 2023) amid losses in Infosys, Asian Paints, IndusInd Bank, HUL, ITC, ICICI Bank, and Kotak bank. The Nifty50, meanwhile, is quoted below 17,650.

MARKET UPDATE: Sensex down over 100 points at 59,790 levels, whereas Nifty50 slipped below the 17,700-mark

MARKET UPDATE: Sensex down over 100 points at 59,790 levels, whereas Nifty50 slipped below the 17,700-mark
Tuesday, April 18, 2023
Stock market updates: Amid increased volatility, Indian benchmark S&P BSE Sensex erased early morning gains, and was down over 100 points at 59,790 levels. The Nifty50, meanwhile, slipped below the 17,700 mark. Losses in PowerGrid, Reliance Industries, TCS, Tech M, Bajaj Finance, Titan, HUL, Wipro, L&T, and Sun Pharma weighed on the frontline indices. In the broader markets, the BSE MidCap and SmallCap indices continued to hold gains of up to 0.3 percent. Sectorally, the Nifty IT index slipped 0.4 percent, while the Nifty Realty and PSU bank indices added up to 0.5 percent. In Newly listed shares Shares of Avalon Technologies made a tepid debut on the bourses on Tuesday, listing at Rs 431 on the BSE. This was a 1.15 percent discount to its issue price of Rs 436 apiece.

Closing Bell: Sensex ends flat up38 points, Nifty at 17828.00

Closing Bell: Sensex ends flat up38 points, Nifty at 17828.00
Thursday, April 13, 2023
At close, the Sensex was up 38.23 points or 0.06 percent at 60,431.00, and the Nifty was up 15.60 points or 0.09 percent at 17,828. The top gainers on Nifty 50 were IndusInd Bank, HDFC Life, Eicher Motors, Apollo Hospital, and Power Grid while the top losers were Infosys, Tech Mahindra, HCL Tech, NTPC, and TCS. About 1,871 shares advanced, 1,526 shares declined, and 117 shares were unchanged. On the sectoral front, the Information Technology index shed 2 percent, while capital goods, pharma, and oil & gas indices are down 0.5 percent each. On the other hand, PSU Bank and Realty indices rose 1 percent each. The BSE smallcap index was up 0.33 percent and the midcap index added 0.16 percent.

MARKET UPDATE: Sensex fell over 120 points to 60,280 level, whereas Nifty50 slipped 21 points to below 17,800

MARKET UPDATE: Sensex fell over 120 points to 60,280 level, whereas Nifty50 slipped 21 points to below 17,800
Thursday, April 13, 2023
Opening Bell: The key benchmark indices started today's(13 April 2023) session with minor cuts tracking weakness across global markets after the FOMC minutes showed that officials expect a mild recession in the US later this year. The BSE Sensex fell over 120 points to the 60,280 level and the NSE Nifty50 slipped 21 points to below 17,800. IndusInd Bank, Infosys, HCL Tech, Tech M, TCS, and Wipro led the losses on the Sensex, dropping 1-2.5 percent. On the flip side, M&M, Power Grid, RIL, Asian Paints, and Tata Steel held gains of 0.4-1 percent. The broader markets, meanwhile, outperformed the benchmarks. The BSE MidCap and SmallCap indices rose up to 0.23 percent. Sectorwise, the IT index dropped over 1 percent as weak results of TCS dampened overall sentiment in the pack. Other indices held nominal gains.

Closing Bell: Sensex gains 235 points, Nifty at 17812.40

Closing Bell: Sensex gains 235 points, Nifty at 17812.40
Wednesday, April 12, 2023
At close, the Sensex was up 235.05 points or 0.39 percent at 60,392.77, and the Nifty was up 90.10 points or 0.51 percent at 17,812.40, as investors await CPI inflation. The top gainers on Nifty 50 were Divis Lab, Bajaj Auto, Adani Enterprises, Eicher Motors, and Dr Reddy while the top losers were Power Grid, NTPC, Nestle India, UltraTech Cement, and Hindustan Unilever Ltd. About 2,013 shares advanced, 1,390 shares declined, and 115 shares were unchanged. In the broader markets, the BSE MidCap and BSE SmallCap indices gained 0.57 percent and 0.41 percent, respectively. Among sectors, the Nifty Pharma index leaped over 2 percent today as India saw over 7,000 fresh cases of Covid-19. Auto,information technology indices up 1-2 percent, while some selling saw in the FMCG and Capital Goods names.

MARKET UPDATE: Sensex traded flat at 60,188 levels, whereas Nifty50 hovered flat above 17,700 levels

MARKET UPDATE: Sensex traded flat at 60,188 levels, whereas Nifty50 hovered flat above 17,700 levels
Wednesday, April 12, 2023
Opening Bell: Indian markets opened flat in today's (12 April 2023) trading session, ahead of March inflation figures. Key indices Nifty50 hovered above 17,700 levels, whereas the S&P BSE Sensex traded flat at 60,188 levels. Broader indices, which include Nifty Midcap 100 and Nifty Smallcap 100 indices, however, outperformed benchmark indices as they gained up to 0.2 percent each. Sectorwise, Nifty Metal, and Nifty Pharma indices led the charge, surging up to 1 percent. On the flipside, Nifty IT, and Nifty FMCG indices lost up to 0.3 percent. Among individual stocks, shares of Tata Consultancy Services (TCS) traded flat ahead of Q4FY23 results. Brokerages estimate the company to report weak revenue growth over the preceding quarter due to seasonal weakness, however, they foresee margin expansion on lower attrition. In addition, shares of Sula Vineyards soared over 6 percent after the wine producer crossed 1 million cases.

MARKET UPDATE: Sensex advanced over 200 points to reclaim 60,000-mark, whereas Nifty50 climbed over 50 points to trade above 17,650 levels

MARKET UPDATE: Sensex advanced over 200 points to reclaim 60,000-mark, whereas Nifty50 climbed over 50 points to trade above 17,650 levels
Tuesday, April 11, 2023
Opening Bell: Indian markets opened on a firm note in today's(11 April 2023) trade, amidst improved global sentiments. Key indices Nifty50 climbed over 50 points to trade above 17,650 levels, whereas the S&P BSE Sensex advanced over 200 points to reclaim the 60,000 mark. Broader markets, too, were upbeat in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.4 percent. The volatility index, India VIX, meanwhile, slipped over 1 percent. Sectorally barring the Nifty IT index, which lost marginally in trade, all other sectors swimming in a sea of green. The Nifty PSU Bank index led the charge as it gained over 1 percent. Among individual stocks, shares of Shilpa Medicare soared over 8 percent after the USFDA gave a nod to its ANDA, Apremilast tablets. In addition shares of Nagarjuna Fertilisers rallied over 4 percent after the company restarted its urea production in Plant - II in Andhra Pradesh.

Closing Bell: Sensex ends flat amid volatility, Nifty at 17624.05

Closing Bell: Sensex ends flat amid volatility, Nifty at 17624.05
Monday, April 10, 2023
At close, the Sensex was up 13.54 points or 0.02 percent 59,846.51, and the Nifty was up 24.80 points or 0.14 percent 17,624. Benchmark indices erased gains in the last hour of trading as profit booking in financial and FMCG stocks weighed on the bourses. Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index, down up to 1.76 percent. About 1,965 shares advanced, 1,568 shares declined, and 146 shares were unchanged. Sectorally, the Nifty Private, PSU Bank, and FMCF indices fell to 0.6 percent. On the flipside, the Nifty Realty index jumped over 4 percent, rallying over 7 percent in two days. The BSE midcap and smallcap indices ended with marginal gains.

MARKET UPDATE: Sensex advanced over 100 points to trade around 59,957 levels, whereas Nifty50 climbed over 30 points to trade above 17,600 levels

MARKET UPDATE: Sensex advanced over 100 points to trade around 59,957 levels, whereas Nifty50 climbed over 30 points to trade above 17,600 levels
Monday, April 10, 2023
Opening Bell: Indian markets opened on a firm note in today's(10 April 2023) trade, amid mixed global cues. Key indices Nifty50 climbed over 30 points to trade above 17,600 levels, whereas the S&P BSE Sensex advanced over 100 points to trade around 59,957 levels. Broader markets, too, were upbeat in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.4 percent. Read more

Closing Bell: Sensex gains up 144 points, Nifty at 17599.15

Closing Bell: Sensex gains up 144 points, Nifty at 17599.15
Thursday, April 6, 2023
At close, the Sensex was up 143.66 points or 0.24% at 59,832.97, and the Nifty was up 42.20 points or 0.24% at 17,599.20.The top gainers on Nifty 50 were Bajaj Finance, Adani Enterprises, Tata Motors, Bajaj Finserv, and IndusInd Bank. In contrast, the top losers were HCL Tech, ONGC, ICICI Bank, Axis Bank, and Titan. About 2310 shares advanced, 1121 shares declined, and 110 shares were unchanged. Among sectors, the rate-sensitive Realty index surged nearly 3 percent, followed by the Nifty Auto index (up 0.9 percent), and the Nifty PSU Bank index up 0.33 percent. The Nifty IT index, however, capped gains as it fell 0.75 percent.The BSE midcap and smallcap indices rose 0.7 percent each.

MARKET UPDATE: Sensex slipped over 100 points to trade around 59,574 levels, whereas Nifty50 index traded flat below 17,550 levels

MARKET UPDATE: Sensex slipped over 100 points to trade around 59,574 levels, whereas Nifty50 index traded flat below 17,550 levels
Thursday, April 6, 2023
Indian markets were flat in today's(6 April 2023) trade, ahead of the Reserve Bank of India's (RBI) monetary policy decision. While the Nifty50 index traded flat below 17,550 levels, the S&P BSE Sensex slipped over 100 points to trade around 59,574 levels. Broader markets, too, fell in tandem as Nifty Smallcap 100 and Nifty Midcap 100 indices skid up to 0.2 percent. Read more

MARKET UPDATE: Sensex advanced over 150 points to trade around 59,281 levels, whereas Nifty50 climbed over 40 points to trade above 17,400 levels

MARKET UPDATE: Sensex advanced over 150 points to trade around 59,281 levels, whereas Nifty50 climbed over 40 points to trade above 17,400 levels
Wednesday, April 5, 2023
Opening Bell: Indian markets opened higher in today's(5 April 2023) trade, despite mixed global cues. Key indices Nifty50 climbed over 40 points to trade above 17,400 levels, whereas the S&P BSE Sensex advanced over 150 points to trade around 59,281 levels. Broader markets, however, were mixed as Nifty Smallcap 100 index outperformed Nifty Midcap 100 index. Read more

Mahindra sells 35,976 SUVs in March, its highest ever

Mahindra sells 35,976 SUVs in March, its highest ever
Monday, April 3, 2023
Mahindra & Mahindra (M&M) on Monday said its total sales increased by 21 percent year-on-year to 66,091 units in March. Mahindra & Mahindra has announced that the company's SUV sales for the month of March 2023 stood at 35,976. This sets a new record for Mahindra’s passenger vehicles division with its SUVs, cars, and vans bringing in total sales of 35,997 units. When compared the March 2022’s 27,603 units, the company has achieved a 31 percent growth in its sales this year. It was the company's highest-ever utility vehicle wholesales in a month.M&M said its exports last month stood at 2,115 units, as against 3,160 units in the year-ago period, a drop of 33 percent. For the last financial year, the company sold 3,56,961 utility vehicles, an increase of 60 percent over 2,23,682 units in 2021-22. Read more

Closing Bell: Sensex up 115 points, Nifty at 17398.05

Closing Bell: Sensex up 115 points, Nifty at 17398.05
Monday, April 3, 2023
The Sensex was up 114.92 points or 0.19% at 59,106.44, and the Nifty was up 38.20 points or 0.22% at 17,398. Domestic indices ended Monday’s session in the green territory. The top gainers on Nifty 50 were Hero MotoCorp, Coal India, Bajaj India, Maruti, and Divis Lab while the losers were BPCL, Adani Enterprises, Apollo Hospital, Infosys, and ITC. About 2692 shares advanced, 846 shares declined, and 121 shares were unchanged. On the sectoral front, PSU Bank indices gained 1 percent each, The Nifty Auto index jumped 1.5 percent and the realty index was up nearly 1 percent while selling was seen in the FMCG, metal, power, oil & gas, and information technology stocks. Bank Nifty surged 204.40 pts or 0.50% to 40,813.05. The BSE midcap index was up 0.4 percent, while smallcap index rose 1 percent.

MARKET UPDATE: Sensex surged over 100 points to reclaim 59,000-mark, whereas Nifty50 index surged over 30 points to trade above 17,350 levels

MARKET UPDATE: Sensex surged over 100 points to reclaim 59,000-mark, whereas Nifty50 index surged over 30 points to trade above 17,350 levels
Monday, April 3, 2023
Opening Bell: Indian markets edged higher in today's( 3 April 2023) trade, supported by gains across index-heavyweights like Maruti Suzuki, Bajaj Twins, Bharti Airtel, and Tata Steel, among others. Frontline indices the S&P BSE Sensex surged over 100 points to reclaim the 59,000 mark, whereas the Nifty50 index surged over 30 points to trade above 17,350 levels. Broader markets, too, were upbeat in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices rose up to 0.4 percent. Read more

Closiing Bell: Sensex gains 1031 points, Nifty at 17359.75

Closiing Bell: Sensex gains 1031 points, Nifty at 17359.75
Friday, March 31, 2023
At close, the Sensex was up 1,031.43 points or 1.78% at 58,991.52, and the Nifty was up 279.10 points or 1.63% at 17,359.80. as fears of contagion risk from the US banking crisis receded. Reliance Industries, Nestle India, ICICI Bank, and Infosys were the major gainers among the Sensex 30. Tata Motors, TCS, Tech Mahindra, HCL Technologies, Axis Bank, and Wipro were the other major gainers. while losers included Apollo Hospitals, Adani Ports, Sun Pharma, Asian Paints, and Bajaj Finance. Sectorally, the BSE IT index zoomed 2.5 percent. The Bankex, Energy, and Realty indices jumped around 1.5 percent each. while auto, bank, FMCG, Capital Goods, Realty, and Oil & Gas are up 1 percent each. The BSE Midcap index was up a percent, while the Smallcap index vaulted 1.4 percent.

Closing Bell: Sensex gains 346 points, Nifty at 17080.70

Closing Bell: Sensex gains 346 points, Nifty at 17080.70
Wednesday, March 29, 2023
At Close, Sensex ended at 57,960, up 346 points or 0.6 per cent and Nifty closed at 17,081, up 129 points or 0.76 percent. However, fag-end buying helped frontline indices settle near the day's high level amid robust buying in metal, auto, and financial (especially PSU banks) stocks. Adani Enterprises, Adani Ports, JSW Steel, Eicher Motors, HCL Tech, Bajaj Auto, Ultratech Cement, Tata Motors, and Hero MotorCorp were the large-cap winners, surging up to 9 percent. Losses in Airtel, Reliance Industries, Asian Paints, ICICI Bank, and Cipal, however, weighed. Broader markets outperform large-caps; Mid, and SmallCap indices rise 1.7% each. Nifty Metal index gains 2%

MARKET UPDATE: Sensex gained over 200 points to trade around 57,823 levels whereas Nifty50 climbed over 50 points to reclaim 17,000-mark

MARKET UPDATE: Sensex gained over 200 points to trade around 57,823 levels whereas Nifty50 climbed over 50 points to reclaim 17,000-mark
Wednesday, March 29, 2023
Benchmark indices Nifty50 climbed over 50 points to reclaim the 17,000 mark, whereas the S&P BSE Sensex gained over 200 points to trade around 57,823 levels. The strength spread across broader markets as well, with Nifty Midcap 100 and Nifty Smallcap 100 indices surging up to 0.1 percent. Volatility gauge, India VIX, meanwhile, slipped over 2 percent. Read more

Closing Bell: Sensex down 40.14 points, Nifty at 16951.70

Closing Bell: Sensex down 40.14 points, Nifty at 16951.70
Tuesday, March 28, 2023
At close, the Sensex was down 40.14 points or 0.07% at 57,613.72, and the Nifty was down 34 points or 0.20% at 16,951.70. The broader indices witnessed selling pressure yet again, even as the key benchmark indices attempted to hold the fort. The top gainers on Nifty 50 were UPL, IndusInd Bank, Dr Reddy, ICICI Bank, and HDFC Bank while the top losers were Adani Enterprises, Adani Ports, Tech Mahindra, Hero Motocorp, and Tata Motors. About 1020 shares advanced, 2438 shares declined, and 97 shares were unchanged. In contrast, the BSE Midcap index was down 0.4 percent, and the Smallcap index slipped 0.8 percent. Except for metal, all other sectoral indices ended in the red with IT, auto, power, realty, and oil & gas down 0.8-1 percent.

MARKET UPDATE: Sensex advanced over 150 points to trade around 57,838 levels whereas Nifty50 climbed over 50 points to reclaim 17,000 levels

MARKET UPDATE: Sensex advanced over 150 points to trade around 57,838 levels whereas Nifty50 climbed over 50 points to reclaim 17,000 levels
Tuesday, March 28, 2023
Opening Bell: In Indian markets improved global sentiments instilled strength in today's( 28 March 2023) trade. Key indices Nifty50 climbed over 50 points to reclaim 17,000 levels, whereas the S&P BSE Sensex advanced over 150 points to trade around 57,838 levels. Bullish sentiment was visible across broader markets as well, as Nifty Midcap 100 and Nifty Smallcap 100 indices advanced up to 0.1 percent. Read more

Closing Bell: Sensex down 126.76 points, Nifty at 16985.70

Closing Bell: Sensex down 126.76 points, Nifty at 16985.70
Monday, March 27, 2023
The Sensex was up 126.76 points or 0.22% at 57,653.86, and the Nifty was up 40.70 points or 0.24% at 16,985.70, amid improved global sentiment, and a relief rally after days of bear hammering, equity markets logged strong gains on Tuesday. The top gainers on Nifty 50 were Cipla, Kotak Bank, Apollo Hospital, Tech Mahindra & Infosys while the losers were Bajaj Finserv, Bajaj Finance, Tata Steel, Hindalco, and Adani Ports. About 899 shares advanced, 2649 shares declined, and 138 shares were unchanged. Among sectors, financial stocks were seen holding the fort with the Nifty Bank, PSU Bank, Pvt Bank, and Financial Services indices gaining up to 2 percent. The defensive plays, meanwhile, were on the back foot with the Nifty IT, and FMCG indices down up to 0.8 percent. The BSE midcap index shed 0.4 percent and smallcap index fell 1.5 percent.

Vedanta cuts $91 mn from govt's gains to make up for tax paid

Vedanta cuts $91 mn from govt's gains to make up for tax paid
Friday, March 24, 2023
In signs of protests against the 9-month-old windfall tax, mining mogul Anil Agarwal's Vedanta Ltd has withheld about USD 91 million from the share of profit due to the government from its oil and gas fields, to make up for the additional tax outgo, according to sources and correspondence on the issue. India first imposed windfall profit tax on July 1, 2022, joining a growing number of nations that tax super normal profits of energy companies. But the levy of Special Additional Excise Duty (SAED) on locally produced crude oil was seen by producers as a violation of the contract which provides fiscal stability. The SAED initially was Rs 23,250 per tonne ($40 per barrel) and in fortnightly revisions brought down to Rs 3,500 per tonne. This is in addition to the 10-20 percent royalty on price of oil and gas realized and an oil cess of 20 %. On top, the government is also entitled to a pre-decided share of profit after expenses are deducted from revenue earned from sale of oil and gas. Read more

Closing Bell: Sensex falls 398 points, Nifty at 16945.05

Closing Bell: Sensex falls 398 points, Nifty at 16945.05
Friday, March 24, 2023
At close, the Sensex was down 398.18 points or 0.69% at 57,527.10, and the Nifty was down 131.90 points or 0.77% at 16,945 as investors digested amendments to Finance Bill, 2023. Besides, selling in US index futures and European markets also weighed on the sentiment. The top gainers on Nifty 50 were Cipla, Kotak Bank, Apollo Hospital, Tech Mahindra & Infosys while the losers were Bajaj Finserv, Bajaj Finance, Tata Steel, Hindalco, and Adani Ports. About 1030 shares advanced, 2381 shares declined, and 130 shares were unchanged. The broad-based selling was led by metal, PSU banks, and realty indices, which were down over 2 percent each. while Capital Goods, Oil & Gas down 1 percent each.The BSE midcap and smallcap indices shed over 1 percent each.

MARKET UPDATE: Sensex gained over 100 points to trade around 58,054 levels whereas Nifty50 traded flat above 17,050 levels

MARKET UPDATE: Sensex gained over 100 points to trade around 58,054 levels whereas Nifty50 traded flat above 17,050 levels
Friday, March 24, 2023
Opening Bell: Indian equity markets were volatile in today's ( 24 March 2023) trade, amid mixed global cues. Key indices Nifty50 traded flat above 17,050 levels, whereas the S&P BSE Sensex gained over 100 points to trade around 58,054 levels. Broader markets, meanwhile, were mixed as Nifty Smallcap 100 index gained marginally higher than Nifty Midcap 100 index. Read more

Closing Bell: Sensex down 289 points, Nifty at 17076.90

Closing Bell: Sensex down 289 points, Nifty at 17076.90
Thursday, March 23, 2023
At close, the Sensex was down 289.31 points or 0.50% at 57,925.28, and the Nifty was down 75.00 points or 0.44% at 17,076.90, as investors juggled between the US Federal Reserve's interest rate decision and weekly F&O expiry. The top gainers on the Nifty 50 were Hindalco, Maruti, Nestle India, ONGC, and Tata Motors while the losers were SBIN, Bajaj Auto, Kotak Bank, HCL Tech, and Asian Paints. About 1428 shares advanced, 1983 shares declined, and 127 shares were unchanged. The BSE MidCap and SmallCap indices fell 0.45 percent and 0.15 percent. A mixed trend saw on the sectoral front, with the realty, bank, information technology, and PSU bank down 0.5-1 percent, while buying saw in the metal, FMCG, and power names.

MARKET UPDATE: Sensex declined over 300 points to trade around 57,911 levels while Nifty50 lowered over 50 points to trade below 17,100 levels

MARKET UPDATE: Sensex declined over 300 points to trade around 57,911 levels while Nifty50 lowered over 50 points to trade below 17,100 levels
Thursday, March 23, 2023
Opening Bell: Indian equity markets opened lower in today's (23 March 2023) trade. Global sentiments turned weaker after the US Federal Reserve indicated another rate hike this year post a 25 basis point increase in the March meeting. Key indices Nifty50 lowered over 50 points to trade below 17,100 levels, whereas the S&P BSE Sensex declined over 300 points to sell around 57,911 levels. Broader markets, too, inched lower in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices fell up to 0.3 percent. Volatility gauge, India VIX, meanwhile, climbed over 1 percent. Read more

MARKET UPDATE: Sensex advanced over 400 points to trade around 58,078 levels while Nifty50 climbed over 100 points to trade above 17,100 levels

MARKET UPDATE: Sensex advanced over 400 points to trade around 58,078 levels while Nifty50 climbed over 100 points to trade above 17,100 levels
Friday, March 17, 2023
Indian markets were higher in today's( 17 March 2023) trade, amid strong global cues. Key indices Nifty50 climbed over 100 points to trade above 17,100 levels, whereas the S&P BSE Sensex advanced over 400 points to trade around 58,078 levels. Broader markets, too, edged higher in the trade as Nifty MidCap 100 and Nifty Smallcap 100 indices surged up to 0.9 percent. The volatility index, India VIX, meanwhile, slipped over 5 percent. Read more

MARKET UPDATE: Sensex declined over 100 points to trade around 57,432 levels while Nifty50 hovered flat below 16,950 levels

MARKET UPDATE: Sensex declined over 100 points to trade around 57,432 levels while Nifty50 hovered flat below 16,950 levels
Thursday, March 16, 2023
Opening Bell: The Indian markets opened lower in Thursday's trade, amid mixed global cues. Benchmark indices Nifty50 hovered flat below 16,950 levels, whereas the S&P BSE Sensex declined over 100 points to trade around 57,432 levels. Broader markets, too, fell in tandem as Nifty Midcap 100 and Nifty Smallcap 100 indices lowered up to 0.3 percent. The volatility index, India VIX, climbed over 1 percent. Read more

MARKET UPDATE: Sensex surged over 500 points to trade around 58,409 levels while Nifty50 advanced over 150 points to trade above 17,150 levels

MARKET UPDATE: Sensex surged over 500 points to trade around 58,409 levels while Nifty50 advanced over 150 points to trade above 17,150 levels
Wednesday, March 15, 2023
Opening Bell: The Indian markets edged higher in today's(15 March 2023) trade to snap a four-day losing streak, after February inflation slowed to 6.4 percent. Key indices Nifty50 advanced over 150 points to trade above 17,150 levels, whereas the S&P BSE Sensex surged over 500 points to trade around 58,409 levels. Broader markets, too, inched higher in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices gained up to 1 percent. The volatility index, India VIX, meanwhile, slipped over 6 percent. Read more

MARKET UPDATE: Sensex hovered around 58,258 levels while Nifty50 flat below 17,200 levels

MARKET UPDATE: Sensex hovered around 58,258 levels while Nifty50 flat below 17,200 levels
Tuesday, March 14, 2023
Opening Bell: The Indian markets opened volatile in today's(14 March 2023) trade, amid grim global cues. Key indices Nifty50 was flat below 17,200 levels, whereas the S&P BSE Sensex hovered around 58,258 levels. Broader markets, too, were tepid in the trade as Nifty Smallcap 100 and Nifty Midcap 100 indices slipped up to 0.3 percent. The volatility index, India VIX, meanwhile, slipped over 3 percent. Read more

Closing Bell: Sensex down 897 points, Nifty at 17154.30

Closing Bell: Sensex down 897 points, Nifty at 17154.30
Monday, March 13, 2023
At close, the Sensex was down 897.28 points or 1.52% at 58,237.85, and the Nifty was down 258.60 points or 1.49% at 17,154.30. The SVB crisis saw banking shares take a knock, while other sectoral indices too succumbed to the selling pressure. IndusInd Bank, SBI, Tata Motors, M&M, and Eicher Motors were among the major losers on the Nifty, while gainers were Tech Mahindra and Apollo Hospitals. Bank Nifty declined 2.27%, at 39,564, down by over 920 points. The broader markets closed largely in red, with Nifty Midcap losing 2% and Nifty Smallcap 50 sliding 2.26%. The volatility gauge, India VIX, soared 20.89%. Sectorally, Nifty Media, Nifty Auto, Nifty PSU Bank, and Nifty Private Bank were the top losers, falling up to 2.87%.

MARKET UPDATE: Sensex advanced over 300 points to trade around 59,462 levels while Nifty50 gained over 100 points to trade above 17,500 levels

MARKET UPDATE: Sensex advanced over 300 points to trade around 59,462 levels while Nifty50 gained over 100 points to trade above 17,500 levels
Monday, March 13, 2023
Opening Bell: The Indian markets opened higher in today's(13 march 2023) trading session, amid mixed global cues. Key indices Nifty50 gained over 100 points to trade above 17,500 levels, and the S&P BSE Sensex advanced over 300 points to trade around 59,462 levels. Broader markets, however, were tepid as Nifty Midcap 100 and Nifty Smallcap 100 indices lowered up to 0.1 percent. Read more

Closing Bell: Sensex down 671 points, Nifty at 17412.90

Closing Bell: Sensex down 671 points, Nifty at 17412.90
Friday, March 10, 2023
At Close, the Sensex was down 671.15 points or 1.12% at 59,135.13, and the Nifty was down 176.70 points or 1% at 17,412.90 as equity markets roiled in global sell-off as the contagion effect of overnight selling in the US markets, especially bank stocks, dented sentiment. About 1404 shares advanced, 2021 shares declined, and 102 shares were unchanged. The top losers on the NSE Nifty 50 index are Adani Enterprises, IndusInd Bank, HDFC Bank, HDFC, and ICICI Bank. While gainers were Tata Motors, NTPC, Maruti Suzuki, Britannia Industries, and BPCL.Index-wise, the Nifty PSU Bank index declined 2.2 percent, while the Nifty Bank and Private Bank indices fell 1.8 percent each. While the power index rose 1 percent.The BSE midcap and smallcap indices are down 0.5 percent each.

MARKET UPDATE: Sensex tumbled over 700 points to trade around 59,081 levels while Nifty50 declined over 200 points to trade below 17,400 levels

MARKET UPDATE: Sensex tumbled over 700 points to trade around 59,081 levels while Nifty50 declined over 200 points to trade below 17,400 levels
Friday, March 10, 2023
Opening Bell: The Indian markets opened lower in today's(10 March 2023) trade, amid weak global cues. Key indices Nifty50 declined over 200 points to trade below 17,400 levels, whereas the S&P BSE Sensex tumbled over 700 points to trade around 59,081 levels. Broader markets, too, edged lower as Nifty Midcap 100 and Nifty Smallcap 100 indices lowered over 1 percent each. Volatility gauge, India VIX, meanwhile, climbed over 7 percent. Read more

CLOSING BELL: Sensex fell 542 points to close at 59,806 level, while Nifty50 ended at 17,590, dropping 165 points

CLOSING BELL: Sensex fell 542 points to close at 59,806 level, while Nifty50 ended at 17,590, dropping 165 points
Thursday, March 9, 2023
CLOSING BELL: Indian equity markets ended lower today(9 March 2023) as investors adjusted their positions amid the weekly F&O expiry. The S&P BSE Sensex fell 542 points, or 0.9 percent, to close at 59,806 level, while the Nifty50 ended at 17,590, dropping 165 points or 0.93 percent. M&M (down 3 percent), RIL (down over 2 percent), Bajaj Finserv, ICICI Bank, Maruti Suzuki, Tata Motors, Tech M, Bajaj Finance, TCS, Kotak Bank, ITC, Titan, and SBI were the top Sensex laggards. On the Nifty, Adani Enterprises (down 5 percent), SBI Life, Adani Ports, and Eicher Motors were the additional draggers. Read more

MARKET UPDATE: Sensex fell 40-odd points to 60,306 while Nifty50 remained unchanged at 17,754

MARKET UPDATE: Sensex fell 40-odd points to 60,306 while Nifty50 remained unchanged at 17,754
Thursday, March 9, 2023
Opening Bell: The Indian key benchmark indices started today's (9 March 2023) session flat amid muted global cues and concerns of a more considerable rate hike by the US Fed next week. The BSE Sensex fell 40-odd points to 60,306, and the NSE Nifty50 remained unchanged at 17,754 Tata Steel, Bharti Airtel, L&T, Axis Bank, HCL Tech, and Tata Motors led gains on the Sensex, rising up to 1.8 percent. At the same time, Hindalco and JSW Steel were the additional winners on the Nifty. Read more

HAL, L&T gain up to 3% as government inks contracts worth Rs 9,900 crore

HAL, L&T gain up to 3% as government inks contracts worth Rs 9,900 crore
Wednesday, March 8, 2023
Shares of Larsen & Toubro Limited (L&T) and Hindustan Aeronautics Limited (HAL) were up more than 3 per cent each on March 8 after the Ministry of Defence, on Tuesday signed contracts worth Rs 9,900 crore with these companies for procurement of 70 HTT-40 basic trainer aircraft & three cadet training ships respectively. “Ministry of Defence, on March 07, 2023, signed contracts with Hindustan Aeronautics Limited (HAL) and Larsen & Toubro Limited (L&T) for procurement of 70 HTT-40 Basic Trainer Aircraft & three Cadet Training Ships respectively in the presence of Raksha Mantri Shri Rajnath Singh in New Delhi. Defence Secretary Shri Giridhar Aramane along with other senior civil & military officials of MoD and representatives of HAL & L&T were present during the signing and exchanging of contracts," HAL said in an exchange filing. Read more

Closing Bell: Sensex gains 124 points, Nifty at 17754.40

Closing Bell: Sensex gains 124 points, Nifty at 17754.40
Wednesday, March 8, 2023
At close, the Sensex was up 123.63 points or 0.21% at 60,348.09, and the Nifty was up 42.90 points or 0.24% at 17,754.40. The top gainers on Nifty 50 were IndusInd Bank, Adani Ports, Adani Enterprises, Bajaj Auto, and Larsen & Toubro while the top losers were Bajaj Finance, Hindalco, Tech Mahindra, Infosys, and Apollo Hospital. About 1894 shares have advanced, 1502 shares declined, and 119 shares are unchanged. The broader MidCap and SmallCap indices, too, ended in the green zone with up to 0.66 per cent gain. Sectorally, the Nifty Realty and Pharma indices were the worst hit (down 0.68 percent and 0.49 percent, respectively), while the Nifty Auto index and capital goods advanced 0.85 percent.

MARKET UPDATE: Sensex lowered over 250 points to trade around below 60,000-mark while Nifty50 fell over 50 points to trade below 17,650 levels

MARKET UPDATE: Sensex lowered over 250 points to trade around below 60,000-mark while Nifty50 fell over 50 points to trade below 17,650 levels
Wednesday, March 8, 2023
Opening Bell: Indian markets were weighed down by weak global cues in today's( 8 March 2023) trading session. Key indices Nifty50 fell over 50 points to trade below 17,650 levels, whereas the S&P BSE Sensex lowered over 250 points to trade around below the 60,000 mark. Broader markets, too, were under the bearish spell as Nifty Midcap 100 and Nifty Smallcap 100 indices declined up to 0.5 percent. Volatility gauge, India VIX, meanwhile, climbed over 3 percent.

NSE and BSE will be shut on March 7 for Holi

NSE and BSE will be shut on March 7 for Holi
Tuesday, March 7, 2023
On account of the Holi Festival, officially, Both the exchanges NSE and BSE will be shut on March 7. There was uncertainty about the holiday as to how India marks the festival, with some parts of the country celebrating it on March 7, while the rest do it on March 8. Recently, Anmi (Association of National Exchanges Members of India), a leading stock brokers association, has requested the government, Sebi, and exchanges to change the holiday date to March 8. Read more

MARKET UPDATE: Sensex advanced over 550 points to claim day's high of 60,390 levels while Nifty50 climbed over 150 points to hit day's high of 17,765 levels

MARKET UPDATE: Sensex advanced over 550 points to claim day's high of 60,390 levels while Nifty50 climbed over 150 points to hit day's high of 17,765 levels
Monday, March 6, 2023
Indian markets extended gains in today's( 6 March 023) intra-day trade, supported by gains across index-heavyweights like HDFC Twins, Asian Paints, and Tata Consultancy Services. Key indices Nifty50 climbed over 150 points to hit the day's high of 17,765 levels, whereas the S&P BSE Sensex advanced through 550 points to claim the day's high of 60,390 levels. Read more

MARKET UPDATE: Sensex advanced over 500 points to trade around 59,454 levels while Nifty50 climbed over 100 points to trade above 17,450 levels

MARKET UPDATE: Sensex advanced over 500 points to trade around 59,454 levels while Nifty50 climbed over 100 points to trade above 17,450 levels
Friday, March 3, 2023
Strong global mood propelled Indian markets higher in today's( trade), led by gains across index-heavyweights like SBI, Reliance Industries, NTPC, HCL Technologies, and Bharti Airtel, among others. Key indices Nifty50 climbed over 100 points to trade above 17,450 levels, whereas the S&P BSE Sensex advanced over 500 points to trade around 59,454 levels. Read more

MARKET UPDATE: Sensex hovered around 59,382 levels while Nifty50 traded below 17,450 levels

MARKET UPDATE: Sensex hovered around 59,382 levels while Nifty50 traded below 17,450 levels
Thursday, March 2, 2023
Opening Bell: Indian market was propelled lower by the Subdued global mood in today's (2 March 2023) trading session. Both benchmark indices opened on a flat note. While Nifty50 traded below 17,450 levels, the S&P BSE Sensex hovered around 59,382 levels. Broader markets, however, outperformed benchmark indices as Nifty Midcap 100 and Nifty Smallcap 100 indices gained up to 0.2 percent. Read more

Adani Enterprises stock up 31% in 2 days

Adani Enterprises stock up 31% in 2 days
Wednesday, March 1, 2023
Shares of Adani Enterprises Ltd gained 15% today after the flagship company of the Adani Group said its arm Mundra Aluminium Ltd has been declared as the preferred bidder for the Kutrumali bauxite block by the Odisha government. The stock has rallied over 30 percent in the last two days. After closing Tuesday's session higher by 14 percent, the group share rallied another 15 percent today to the day's high. Shares of all ten listed companies of the Adani Group climbed for the second straight day on Wednesday after taking a beating in recent sessions. The conglomerate's combined market capitalization jumped by ₹39,000 crore to above ₹7.50 lakh crore mark in today's trade. A recent Reuters report also noted that Adani Group plans to prepay or repay share-backed loans worth $690 million to $790 million by March end has also pushed the stock higher during the last two trading sessions. Read more

Closing bell: Sensex gains 448.96 points, Nifty at 59411.08

Closing bell: Sensex gains 448.96 points, Nifty at 59411.08
Wednesday, March 1, 2023
At close, the Sensex was up 448.96 points or 0.76% at 59,411.08, and the Nifty was up 146.90 points or 0.85% at 17,450.90, as investors picked up beaten-down shares after eight straight days of fall. The top gainers on the Nifty 50 were Adani Enterprises, Hindalco, UPL, State Bank of India, and IndusInd Bank while the losers were Britannia, Power Grid, Cipla, BPCL, and HDFC Bank. The broader indices outperformed, both BSE Midcap and Smallcap were up 1.4 percent each. The overall breadth too was fairly positive, with more than two shares advancing for every single declining stock on the BSE. Among sectors, the BSE Metal index surged 2.6 percent and was the top gainer. The Bankex, IT, Capital Goods, and Realty indices also advanced over a percent each.

MARKET UPDATE: Sensex advanced 300 points to trade around 59,258 levels while Nifty50 climbed over 50 points to trade above 17,350 levels

MARKET UPDATE: Sensex advanced 300 points to trade around 59,258 levels while Nifty50 climbed over 50 points to trade above 17,350 levels
Wednesday, March 1, 2023
Opening Bell: Indian markets edged higher in today's( 1 March 2023) trade, amid mixed global cues. Key indices Nifty50 climbed over 50 points to trade above 17,350 levels, whereas the S&P BSE Sensex advanced 300 points to trade around 59,258 levels. Read more

Closing Bell: Sensex down 326 points, Nifty at 17303.95

Closing Bell: Sensex down 326 points, Nifty at 17303.95
Tuesday, February 28, 2023
At Close, the Sensex was down 326.23 points or 0.55% at 58,962.12, and the Nifty was down 88.70 points or 0.51% at 17,304. The top gainers on the Nifty 50 were Adani Enterprises (up 14.90%), Adani Ports (up 5.11%), Asian Paint (up 3.02%), Britannia (up 1.08%), and Mahindra & Mahindra (up 1.43%) while Cipla (down 4.67%), Hindalco (down 3%), Dr. Reddy (down 2.42%), ONGC (down 2.09%) and Reliance Industries Ltd (down 2.02%) were the losers. About 1683 shares have advanced, 1677 shares declined, and 130 shares are unchanged. Sectorally, the BSE Metal index shed 2.4 percent. The Oil & Gas and Energy indices dropped 1.4 percent each, and the Healthcare index weakened by a per cent. The BSE Realy index, however, gained 1.2 per cent. The BSE Midcap and Smallcap indices finished with gains of around 0.5 per cent each. The overall breadth was neutral, with a near-equal number of gainers and losers on the BSE.

MARKET UPDATE: Sensex traded flat around 59,246 levels while Nifty50 flat below 17,400 levels

MARKET UPDATE: Sensex traded flat around 59,246 levels while Nifty50 flat below 17,400 levels
Tuesday, February 28, 2023
Opening Bell: Indian markets opened flat in today's ( 28 February 2023) trading session, amid firm global cues. Key indices Nifty50 were flat below 17,400 levels, whereas the S&P BSE Sensex traded flat around 59,246 levels. Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices gained up to 0.3 percent. Read more

LIC extends losing streak to 7th straight session, hits record low

LIC extends losing streak to 7th straight session, hits record low
Monday, February 27, 2023
Shares of Life Insurance Corporation of India (LIC) hit a record low of Rs 568.25, down 3 percent on the BSE in Monday's intra-day trade, amid heavy volumes falling for the seventh day in a row, over concerns about the insurer’s exposure to the Adani Group. At the current level, LIC shares are available at a discount of 40 percent to the upper end of their IPO price range. According to a report, LIC has lost over Rs 20,000 crore of investment value in the Adani Group since January 30. The biggest fall in the value has been in Adani Total Gas and Adani Enterprises. Out of all the Adani Group stocks, LIC holds the maximum in Adani Ports followed by Adani Enterprises and Adani Total Gas. Since January 24, the market value of Adani Group company has fallen by up to 82 percent. Read more

Closing Bell:Sensex down176 points, Nifty at 17392.70

Closing Bell:Sensex down176 points, Nifty at 17392.70
Monday, February 27, 2023
At Close, the Sensex was down 175.58 points or 0.30% at 59,288.35, and the Nifty was down 73.10 points or 0.42% at 17,392.70, as indices extended losses for the seventh straight trading session owing to weakness in auto, IT and metal stocks. The top gainers on Nifty were ICICI Bank, Power Grid, Kotak Bank, HDFC Life, and State Bank of India (SBIN) while the top losers were Adani Enterprises, Bajaj Auto, UPL, Tata Steel, and Infosys. The broader indices ended with deeper losses. The BSE Midcap index was down 0.7 percent. The Smallcap index plunged 1.3 percent. Sectorally, the BSE IT index sank 2 percent. The Auto and Metal indices were down around 1.5 percent each. On the other hand, BSE Bankex surged a percent.

MARKET UPDATE: Sensex lowered over 300 points to trade around 59,151 levels while Nifty50 declined over 50 points to trade below 17,400 levels

MARKET UPDATE: Sensex lowered over 300 points to trade around 59,151 levels while Nifty50 declined over 50 points to trade below 17,400 levels
Monday, February 27, 2023
Indian markets edged lower in today's(27 February 2023) intra-day trading session, amid subdued global cues. Key indices Nifty50 declined over 50 points to trade below 17,400 levels, whereas the S&P BSE Sensex lowered over 300 points to trade around 59,151 levels. Broader markets, too, inched lower as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.4 percent. Read more

SpiceJet soars 15% as net profit jumps five-fold to Rs 107 crore in Q3

SpiceJet soars 15% as net profit jumps five-fold to Rs 107 crore in Q3
Friday, February 24, 2023
Shares of Airline operator SpiceJet moved higher by 15 percent to Rs 40.75 on the BSE in Friday's intra-day trade after the company’s standalone net profit jumped five-fold to Rs 107 crore in the December quarter (Q3FY23). It posted a profit of Rs 23.28 crore in the year-ago quarter (Q3FY22). The profits have been driven by a strong performance in both, passenger and cargo businesses. The company's revenue from operations jumped 2.4 percent to Rs 2,316.8 crore as against Rs 2,262.6 crore in the year-ago period. In Q2 FY23, the company reported a loss of Rs 833 crore on revenue of Rs 1,954 crore. Earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (Ebitdar) stood at Rs 591 crore against a loss of Rs 387 crore in the previous quarter (Q2FY23). Read more

Closing Bell: Sensex falls 142 , Nifty at 17465.80

Closing Bell: Sensex falls 142 , Nifty at 17465.80
Friday, February 24, 2023
At Close, the S&P BSE Sensex fell 142 points, or 0.24 percent, to close at 59,464, while the Nifty50 declined 45 points, or 0.26 percent, to end at 17,466, as growth concerns, amid fears of elevated interest rates, hurt sentiment. The top gainers on Nifty were ONGC, Adani Ports, Asian Paint, Divis Lab, and Apollo Hospital while the losers were Adani Enterprises, Hindalco, Mahindra & Mahindra, JSW Steel, and Tata Steel. In the broader markets, the BSE MidCap index dipped 0.17 per cent, and the BSE SmallCap index eased 0.15 per cent. Sectorally, the Nifty Metal index plunged 3 per cent, followed by the Nifty PSU Bank index (down 0.8 per cent), and the auto index slipped 1 percent. The Bank Nifty also breached the important level and closed below 39950.

MARKET UPDATE: Sensex advanced over 250 points to trade around 59,884 levels while Nifty50 climbed over 50 points to trade above 17,550 levels

MARKET UPDATE: Sensex advanced over 250 points to trade around 59,884 levels while Nifty50 climbed over 50 points to trade above 17,550 levels
Friday, February 24, 2023
Opening Bell: Strong global mood instilled strength in Indian markets today(24 February 2023). Key indices Nifty50 climbed over 50 points to trade above 17,550 levels, whereas the S&P BSE Sensex advanced over 250 points to trade around 59,884 levels. Broader markets, too, inched higher in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.4 percent. Volatility gauge, India VIX, meanwhile, slipped over 3 percent. Barring Nifty Media and Nifty Energy indices, all sectors started to trade in positive territory. Nifty PSU Bank and Nifty Metal indices rose the most, up to 0.7 percent. Read more

Zee Entertainment tanks 14% as NCLT admits company to insolvency resolution

Zee Entertainment tanks 14% as NCLT admits company to insolvency resolution
Thursday, February 23, 2023
Shares of Zee Entertainment Enterprises (ZEEL) tanked 14 percent to hit a new 52-week low of Rs 176.60 per share on the BSE in Thursday’s early trade after the National Company Law Tribunal (NCLT) accepted IndusInd Bank’s insolvency petition against the company and admitted it into the corporate insolvency resolution process. The Mumbai Bench of the National Company Law Tribunal (NCLT) on Wednesday admitted an insolvency petition media company Zee Entertainment Enterprises filed by its financial creditor IndusInd Bank, under Section 7 of the Insolvency and Bankruptcy Code (IBC).IndusInd Bank in its plea has claimed a default of ₹83.08 crores against the media and entertainment firm promoted by Subhash Chandra. According to reports, the court has appointed Sanjay Kumar Jhalani as the interim resolution professional. Read more

Closing Bell: Sensex down 139 points, Nifty at 17511.25

Closing Bell: Sensex down 139 points, Nifty at 17511.25
Thursday, February 23, 2023
At Close, Sensex closed 139.18 points lower at 59,605.80. Nifty closed 43 points lower at 17,511.30, The top gainers on Nifty were Hindalco, Coal India, Axis Bank, JSW Steel, and Tata Motors while the top losers were Asian Paints, Larsen & Toubro, Titan, Divis Lab, and IndusInd Bank.About 1570 shares advanced, 1776 shares declined, and 152 shares were unchanged. Among sectors, the Nifty Media index shed 2 percent, and realty and power stocks top losers, On the upside, the Nifty FMCG index ended 0.26 percent higher.In the broader markets, the BSE MidCap index dipped 0.4 percent, while the BSE SmallCap index added 0.06 percent. Nifty could fall to 17,035-16,600 if it closes below 17,500 or breaks 17,350.

MARKET UPDATE: Sensex declined over 50 points to trade around 59,687 levels while Nifty50 started flat below 17,550 levels

MARKET UPDATE: Sensex declined over 50 points to trade around 59,687 levels while Nifty50 started flat below 17,550 levels
Thursday, February 23, 2023
Opening Bell: Indian markets opened flat in today's(23 February 2023) trade, amid mixed global cues. While the benchmark index Nifty50 started flat below 17,550 levels, the S&P BSE Sensex declined over 50 points to trade around 59,687. Broader markets, meanwhile, were mixed in the trade as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. Read more

MARKET UPDATE: Sensex declined over 300 points to trade around 60,358 levels while Nifty50 nosedived over 50 points to trade below 17,750 levels

MARKET UPDATE: Sensex declined over 300 points to trade around 60,358 levels while Nifty50 nosedived over 50 points to trade below 17,750 levels
Wednesday, February 22, 2023
Opening Bell: Weak global mood propelled Indian markets to start lower in today's( 22 February 2023) trade. While the benchmark index Nifty50 nosedived over 50 points to trade below 17,750 levels, the S&P BSE Sensex declined over 300 points to trade around 60,358 levels. Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices slumped up to 0.3 percent. The volatility index, India VIX, meanwhile, climbed over 3 percent. Read more

Closing Bell: Sensex down 18.82 points, Nifty at 17826.70

Closing Bell: Sensex down 18.82 points, Nifty at 17826.70
Tuesday, February 21, 2023
At Close, the Sensex was down 18.82 points or 0.03% at 60,672.72, and the Nifty was down 17.90 points or 0.10% at 17,826.70, as equity markets were extremely volatile on Tuesday as investors sold rallies at a higher level. Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto, UPL, Sun Pharma, Tata Motors, HDFC Life, Ultratech Cement, TCS, and Wipro were the top laggards, falling in the range of 1 percent to 3.5 percent. About 1432 shares have advanced, 1939 shares declined, and 138 shares are unchanged. In the broader market, the BSE MidCap index fell 0.21 percent, and the BSE SmallCap eased 0.31 percent. Among sectors, the Nifty PSU Bank index declined 1.9 percent, leading the list of losers. The Nifty FMCG index was the only gainer with modest gains of 0.19 percent.

MARKET UPDATE: Sensex advanced over 50 points to trade around 60,769 levels while Nifty50 climbed over 30 points to trade above 17,850 levels

MARKET UPDATE: Sensex advanced over 50 points to trade around 60,769 levels while Nifty50 climbed over 30 points to trade above 17,850 levels
Tuesday, February 21, 2023
Opening Bell: Indian equity markets opened higher in today's ( 21 February 2023) trade, supported by gains across index heavyweights like Hindustan Unilever, Tata Consultancy Services, and Tech Mahindra, among others. Key indices Nifty50 climbed over 30 points to trade above 17,850 levels, whereas the S&P BSE Sensex advanced over 50 points to trade around 60,769 levels. Broader markets, too, as Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.1 percent. Read more

Sonata Software surges 26% in one month; stock nears record high

Sonata Software surges 26% in one month; stock nears record high
Monday, February 20, 2023
Shares of Sonata Software gained 11 percent on the BSE in Monday's intra-day trade amid heavy volumes. hitting a fresh 52-week high of Rs 753. Sonata Software breached its earlier 52-week high of Rs 689.95 which it touched on Friday, February 16, 2023. In the past month, Sonata Software has outperformed the market by surging 25 to 30 percent after the company reported a strong financial performance for the quarter that ended December 2022(Q3FY23). Sonata offers IT services (30 percent) and product licensing & deployment (70 percent). The company provides IT services to travel, retail, agri & commodities, and manufacturing and software vendors. The company is net debt free and has a healthy double-digit return ratio (with RoCE of over 30 percent). Sonata Software’s IT services dollar revenues grew 4.7 percent sequentially and 3.9 percent in constant currency (CC) terms, while it closed four large deals in the third quarter of FY23. Read more

Closing Bell: Sensex down 311 points, Nifty at 17844.60

Closing Bell: Sensex down 311 points, Nifty at 17844.60
Monday, February 20, 2023
At Close, the Sensex was down 311.03 points or 0.51% at 60,691.54, and the Nifty was down 99.60 points or 0.56% at 17,844.60 as Sell-off engulfed equity markets in the second half of the session with banking and financial services stocks taking the deepest plunge. The top gainers on the Nifty 50 were Divis Lab, UltraTech Cement, Tech Mahindra, Power Grid, and Hindalco while Adani Enterprises, Cipla, Britannia, BPCL, and UPL were the top losers. About 1370 shares have advanced, 2118 shares declined, and 155 shares are unchanged. In the broader market, the S&P BSE MidCap and SmallCap indices outperformed the benchmarks as they fell 0.12 percent and 0.16 percent, respectively. Among sectoral indices, the Nifty PSU Bank index fell over 1 percent, followed by the Nifty Bank, Financial Services, Private Bank, and Realty indices dipped 0.9 percent each. The Nifty IT index, on the other hand, gained 0.54 percent.

MARKET UPDATE: Sensex advanced over 250 points to trade around 61,254 levels while Nifty50 climbed over 50 points to trade near 18,000 levels

MARKET UPDATE: Sensex advanced over 250 points to trade around 61,254 levels while Nifty50 climbed over 50 points to trade near 18,000 levels
Monday, February 20, 2023
Indian equity markets wiped off early losses and inched higher in today's (21 February 2023) intra-day trade, amid mixed global cues. Key indices Nifty50 climbed over 50 points to trade near 18,000 levels, whereas the S&P BSE Sensex advanced over 250 points to trade around 61,254 levels. Broader markets, meanwhile, were mixed Nifty MidCap 100 index outperformed Nifty SmallCap 100 index. Read more

MARKET UPDATE: Sensex dropped over 250 points to trade around 61,048 levels while the Nifty50 declined over 50 points to trade below 18,000 levels

MARKET UPDATE: Sensex dropped over 250 points to trade around 61,048 levels while the Nifty50 declined over 50 points to trade below 18,000 levels
Friday, February 17, 2023
Opening Bell: Indian markets opened lower in today's(17 February 2023) trade, as global sentiments turned negative on rate hike concerns. Key indices Nifty50 declined over 50 points to trade below 18,000 levels, whereas the S&P BSE Sensex dropped over 250 points to sell around 61,048 levels. Broader markets, too, fell in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.4 percent. Volatility gauge, India VIX, meanwhile, rose 1 percent. Read more

MARKET UPDATE: Sensex gained over 350 points to trade around 61,660 level while the Nifty50 advanced over 50 points to trade above 18,100 levels

MARKET UPDATE: Sensex gained over 350 points to trade around 61,660 level while the Nifty50 advanced over 50 points to trade above 18,100 levels
Thursday, February 16, 2023
Indian equity markets edged higher in today's ( 16 February 2023) intra-day trade, amid strong global sentiments. Key indices Nifty50 advanced over 50 points to trade above 18,100 levels, whereas the S&P BSE Sensex gained over 350 points to trade around 61,660 levels. Broader markets rose in tune as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.6 percent. Read more

Eicher Motors rallies 5% on better than expected Q3 earnings

Eicher Motors rallies 5% on better than expected Q3 earnings
Wednesday, February 15, 2023
Shares of Eicher Motors, the maker of Royal Enfield motorcycles, rallied 5 percent to Rs 3,340 on the BSE in Wednesday’s intra-day trade in an otherwise subdued market after the company posted a better-than-expected 62 percent year-on-year (YoY) jump in net profit at Rs 741 crore, from Rs 456.13 crore a year ago. on the back of higher motorcycle sales and other income. On a sequential basis, net profit grew 5.7 percent. The revenue from operations came in at Rs 3,721 crore, registering a growth of 29.17 percent from Rs 2,880.65 crore in the corresponding quarter last year. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) margins, a key profit metric, stood at 23 percent, up 300 bps YoY and down 30 bps QoQ. Read more

Closing Bell: Sensex gains 243 points, Nifty at 18015.85

Closing Bell: Sensex gains 243 points, Nifty at 18015.85
Wednesday, February 15, 2023
At Close, the Sensex was up 242.83 points or 0.40% at 61,275.09, and the Nifty was up 86 points or 0.48% at 18,015.80. The key benchmark indices notched up decent gains in late trades on Wednesday led by index heavyweight Reliance Industries. The top gainers on Sensex were Reliance Industries Ltd, Mahindra & Mahindra, Tata Steel, State Bank of India, and Maruti while the top losers were ITC, Hindustan Unilever, TCS, Larsen & Toubro, and Sun Pharma. About 1722 shares have advanced, 1657 shares declined, and 129 shares are unchanged. The broader indices also moved in tandem with the benchmarks. The BSE Midcap index advanced by 0.7 percent, and the Smallcap added 0.4 percent. On the sectoral front, IT, auto, and realty are up 1 percent each.

MARKET UPDATE: Sensex dropped over 150 points to trade around 60,865 levels while the Nifty50 declined over 40 points to trade below 17,900

MARKET UPDATE: Sensex dropped over 150 points to trade around 60,865 levels while the Nifty50 declined over 40 points to trade below 17,900
Wednesday, February 15, 2023
Opening Bell: Indian equity markets started today's( 15 February 2023) trade on a weaker note, as hotter-than-expected US inflation data stoked rate hike concerns. Key indices Nifty50 declined over 40 points to trade 17,900 below, whereas the S&P BSE Sensex dropped over 150 points to trade around 60,865 levels. Broader markets, too, edged lower as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.5 percent. Read more

Adani Enterprises Q3 Earnings

Adani Enterprises Q3 Earnings
Tuesday, February 14, 2023
Shares of Adani Enterprises (AEL) jumped 10 percent to an intra-day high of Rs 1,889, bouncing 17 percent from the day's low on the BSE on Tuesday soon after the company announced its October-December quarter (Q3FY23) earnings. The company reported a consolidated net profit of Rs 820 crore for the quarter that ended December, against a net loss of Rs 11.63 crore a year ago. The company recorded a 42% increase in total income to Rs 26,951 crore and EBIDTA increased by an impressive 101% to Rs 1,968 crore on account of strong performance by Adani New Energy Limited (ANIL) Ecosystem, integrated resources management (IRM), and Airports business. AEL’s said ANIL Ecosystem solar modules volume rose 63 percent to 430 MW. The company handled 20.3 million passenger movements at seven operational Airports increasing by 40 percent over the previous year's quarter. IRM volume increased by 8 percent to 15.8 MMT and Mining services production volume stood at 6.2 MMT. Read more

Closing Bell: Sensex gains 600 points, Nifty at 17929.85

Closing Bell: Sensex gains 600 points, Nifty at 17929.85
Tuesday, February 14, 2023
At Close, the Sensex was up 600.42 points or 0.99% at 61,032.26, and the Nifty was up 158.90 points or 0.89% at 17,929.80, as supportive global cues, ease in wholesale price index (WPI) inflation, and healthy buying in heavyweights lifted sentiment. Benchmark indices snapped their two-day losing run to end nearly 1 percent higher today.The top gainers on the Sensex were ITC, Reliance, Bajaj Finance, ICICI Bank, and Infosys while the top losers were NTPC, UltraTech Cement, L&T, Sun Pharma, and Asian Paints. About 1252 shares have advanced, 2158 shares declined, and 114 shares are unchanged. Sectorally, the Nifty FMCG, Metal, and PSU Bank indices advanced 1 percent each, while the Nifty Realty indices dropped 1.8 percent. Meanwhile, in the broader markets, the BSE MidCap and SmallCap indices ended up 0.5 percent lower

MARKET UPDATE: Sensex advanced over 200 points to trade around 60,676 levels while the Nifty50 climbed over 50 points to trade above 17,800 levels

MARKET UPDATE: Sensex advanced over 200 points to trade around 60,676 levels while the Nifty50 climbed over 50 points to trade above 17,800 levels
Tuesday, February 14, 2023
Opening Bell: Indian markets opened higher in today's(14 February 2023) trade, amid improved global sentiment. Key indices Nifty50 climbed over 50 points to trade above 17,800 levels, whereas the S&P BSE Sensex advanced over 200 points to trade around 60,676 levels. Broader markets, however, exhibited mixed trends as Nifty MidCap 100 index outperformed Nifty SmallCap 100 index. Read more

Glenmark Pharma jumps 5 percent post December quarter earnings

Glenmark Pharma jumps 5 percent post December quarter earnings
Monday, February 13, 2023
Shares of Glenmark Pharma surged over 5 percent to a high of Rs 421 in an otherwise sluggish market, after the drug maker reported steady earnings for the quarter that ended December 2022. Glenmark Pharmaceuticals Ltd on Friday reported a 21.3 percent rise in consolidated profit after tax at ₹290.8 crores for the third quarter ended December 31, 2022. as against Rs 240 crore in the corresponding quarter a year ago. In the December quarter, total revenue stood at Rs 3,463.8 crore during the period under review, up 9.2 percent against Rs 3,173.4 crore in the corresponding period of the preceding fiscal. The company had a one-time gain of Rs 34 crore in Q3, which is a net gain from the sale of its cardiac brand—Razel's India—and Nepal business, against the remediation cost of the company's Monroe manufacturing site in the U.S. Read more

Closing Bell: Sensex down 251 points, Nifty at 17770.90

Closing Bell: Sensex down 251 points, Nifty at 17770.90
Monday, February 13, 2023
At Close, the Sensex was down 250.86 points or 0.41% at 60,431.84, and the Nifty was down 85.60 points or 0.48% at 17,770.90, as investors adopted a cautious approach ahead of the key inflation numbers in India and the US. The top gainers on Sensex were Titan, Larsen & Toubro, NTPC, Bajaj Auto, and Eicher Motors while the losers were Adani Enterprises, Adani Ports, State Bank of India, Infosys, and Apollo Hospitals. About 1235 shares have advanced, 2261 shares declined, and 160 shares are unchanged. Among sectors, except capital goods, all other sectoral indices ended in the red. Back home, the broader markets ended with deeper cuts. The BSE Midcap and Smallcap indices were down over a percent each. The overall breadth too was fairly negative, with nearly two declining stocks for every advancing share on the BSE.

MARKET UPDATE: Sensex advanced over 17 points to trade flat at 60,701 levels while the Nifty50 traded flat above 17,850 levels

MARKET UPDATE: Sensex advanced over 17 points to trade flat at 60,701 levels while the Nifty50 traded flat above 17,850 levels
Monday, February 13, 2023
Opening Bell: Indian markets opened flat in today's( 13 February 2023) trading session, ahead of the January inflation data. Key indices Nifty50 traded flat above 17,850 levels, whereas the S&P BSE Sensex advanced over 17 points to trade flat at 60,701 levels. Read more

IRCTC Q3: Net profit rises 22% to Rs 255 crore, revenue up 70%

IRCTC Q3: Net profit rises 22% to Rs 255 crore, revenue up 70%
Thursday, February 9, 2023
Indian Railway Catering and Tourism Corporation (IRCTC) gained 1.59% to Rs 651.25 after the company's net profit rose 22.37% to Rs 255.53 crore on a 69.95% surge in revenue from operations to Rs 918.06 crore in Q3 FY23 over Q3 FY22 as against ₹540 crores in the corresponding quarter of last fiscal. The company's total expenses more than doubled in the quarter under review, rising 121% to ₹607 crores as compared to ₹274 crores in the year-ago period. The company has also declared an interim dividend of ₹3.50 per share, which is 175% of the paid-up share capital amounting to ₹160 crores. The company has fixed February 22, 2023, as the Record Date for the purpose of payment of the second interim Dividend. On the operating front, EBITDA (earnings before interest, taxes, depreciation, and amortization) jumped 16.7 percent to Rs 325.8 crore from Rs 279.2 crore in Q3 FY22.

Closing Bell: Sensex gains 142 points, Nifty at 17893.45

Closing Bell: Sensex gains 142 points, Nifty at 17893.45
Thursday, February 9, 2023
At Close, the Sensex was up 142.43 points or 0.23% at 60,806.22, and the Nifty was up 21.80 points or 0.12% at 17,893.50. The top gainers on Sensex were Bajaj Finserv, Asian Paints, IndusInd Bank, Infosys, and Bajaj Finance while the losers were Bharti Airtel, UltraTech Cement, Tata Motors, Sun Pharma, and Axis Bank. Sectorally, most indices closed around a flat line with marginal changes on either side. The Nifty IT index was the top gainer, up 0.7 percent, on the NSE. On the flipside, the Nifty Metal index fell 1.5 percent and all other indices ended in the red. The trend was negative in the broader markets with the BSE MidCap index down 0.01 percent, and the BSE SmallCap index 0.15 percent.

MARKET UPDATE: Sensex fell 120 points to 60,545 and quickly turned flat while the Nifty50 slipped 26 points to 17,846

MARKET UPDATE: Sensex fell 120 points to 60,545 and quickly turned flat while the Nifty50 slipped 26 points to 17,846
Thursday, February 9, 2023
Indian Equity benchmark indices held nominal losses in today's (9 February) early trade following hawkish commentary from Fed officials in the US. The BSE Sensex fell 120 points to 60,545 and quickly turned flat, while the NSE Nifty50 slipped 26 points to 17,846. Bajaj Finance, L&T, TCS, Infosys, Asian Paints, Power Grid, HDFC Bank, Hindalco, and Tata Steel led gains across the two frontline indices. On the flip side, Adani Enterprises, Adani Ports, Maruti, Tech M, Tata Motors, M&M, Airtel, and Ultratech Cement dipped. Read more

Macquarie double upgrades Paytm to 'outperform', ups target price by 80%

Macquarie double upgrades Paytm to 'outperform', ups target price by 80%
Wednesday, February 8, 2023
After releasing several bearish reports on Paytm, global brokerage firm Macquarie has given a double upgrade to the stock and raised its target price by 80% to Rs 800. Macquarie has upgraded Paytm to 'outperform' from 'underperform'.Due to a sustained reduction in losses, the once bearish analysts say they have seen a “very visible change in the approach of management to deliver profit” by the firm, owing to its recently reported core Ebitda profitability. "Our view at Rs 2,150 is different from our view when the stock is priced around ~Rs 600. Since our last target price cut, Paytm has positively surprised on the distribution of financial services revenue by a wide margin and has also managed to control overall expenses and charges," Macquarie analysts Suresh Ganapathy and Param Subramanian said. Read more

Closing Bell: Sensex up 378 points, Nifty at 17871.70

Closing Bell: Sensex up 378 points, Nifty at 17871.70
Wednesday, February 8, 2023
At Close, Sensex ends 377.75 points higher at 60,663.79. Nifty closes 150.20 points higher at 17,871.70 after RBI MPC raised the key interest rate by 25 basis points, taking the repo rate to 6.5%. The top gainers of the Adani Enterprises, Adani Ports, HDFC Life, SBI Life, and Bajaj Finance while the losers were Larsen & Toubro, Eicher Motors, Hero Motocorp, Axis Bank, and Hindustan Unilever Ltd. About 1954 shares advanced, 1451 shares declined, and 136 shares were unchanged. Sectorally, the Nifty Metal index jumped 4 percent, followed by the Nifty IT index (1.5 percent), and the Nifty Pharma index (1.43 percent). The Nifty FMCG and Realty indices dipped a wee bit in red. Meanwhile, in the broader markets, the BSE MidCap index added 1 percent, and the BSE SmallCap index gained 0.76 percent.

Tata Steel shares decline nearly 4 pc after Q3 loss

Tata Steel shares decline nearly 4 pc after Q3 loss
Tuesday, February 7, 2023
Shares of Tata Steel slipped 5 percent to Rs 112 on the BSE in Tuesday’s intra-day trade on profit booking after the steel major reported a consolidated net loss of Rs 2,502 crore for the quarter ended on December 31, 2022 (Q3FY23), on account of higher expenses. It had posted a net profit of Rs 9,598.16 crore in the year-ago period, the company said in a regulatory filing. Consolidated revenues from operations at Rs 56,757 crore were down 6.2 percent from Rs 60,525 crore in the year-ago period. The earnings before interest, depreciation, tax and amortization (EBITDA) were down 74 percent year-on-year and 34 percent sequentially at Rs 4,154 crore. In the previous quarter, consolidated revenues had stood at Rs 59,512.54 crore and the net profit was Rs 1,514.42 crore. Total expenses during the quarter stood at Rs 57,172.02 crore compared to Rs 48,666.02 crore a year back. Read more

Clsoing Bell:Sensex down 220.86 points, Nifty at 17721.50

Clsoing Bell:Sensex down 220.86 points, Nifty at 17721.50
Tuesday, February 7, 2023
At Close, Sensex is down 220.86 points or 0.37 percent at 60,286.04. Nifty is down 43.10 points or 0.24 percent at 17,721.50, as stock-specific action dominated the market mood. Besides, nervousness ahead of the Reserve Bank of India's interest rate decision added to the volatility. The top gainers on the Nifty 50 were Adani Enterprises, Dr Reddy, and Adani Ports while the losers were Tata Steel, Hindalco, and ITC. About 1559 shares have advanced, 1854 shares declined, and 124 shares are unchanged. In the broader markets, the BSE MidCap index added 0.02 percent, and the BSE SmallCap index dipped 0.17 percent. Among sectors, the Nifty FMCG index slipped 1.16 percent, followed by the Nifty Auto index (down 1 percent). The Nifty Realty added 0.88 percent.

MARKET UPDATE: Sensex flat at 60,508 levels while the Nifty50 traded flat above 17,750 levels

MARKET UPDATE: Sensex flat at 60,508 levels while the Nifty50 traded flat above 17,750 levels
Tuesday, February 7, 2023
Opening Bell: Indian equity markets opened flat in today's(7 February 2023) trade, amid mixed global cues. Benchmark indices Nifty50 traded flat above 17,750 levels, whereas the S&P BSE Sensex was flat at 60,508 levels. Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices gained up to 0.1 percent. Read more

M&M Financial shares surge 8% after improvement on assets front in Q3

M&M Financial shares surge 8% after improvement on assets front in Q3
Monday, February 6, 2023
Shares of Mahindra & Mahindra Financial Services (Mahindra Finance) hit over two-year high of Rs 267.30, as they rallied 10 percent on the BSE in Monday’s intra-day trade amid heavy volumes after the company reported healthy earnings for December quarter (Q3FY23). The company reported strong growth in assets under management and an improvement in asset quality during the third quarter. The total Income of the financial company increased by 12% to ₹3,353 Crores during the quarter that ended December 31, 2022, as against ₹2,986 Crores during the corresponding quarter last year. The Profit After Tax (PAT) stood at ₹664 Crores during the quarter that ended December 31, 2022, as against PAT of ₹992 Crores during the corresponding quarter last year. The fall in net profit was due to a decline in credit cost, higher operational expenditures, and lower net interest margins. Read more

Closing Bell: Sensex down 335 points, Nifty at 17764.60

Closing Bell: Sensex down 335 points, Nifty at 17764.60
Monday, February 6, 2023
At Close, the Sensex was down 334.98 points or 0.55% at 60,506.90, and the Nifty was down 89.40 points or 0.50% at 17,764.60. Divis Labs, JSW Steel, Hindalco, Tata Steel, Kotak Bank, Eicher Motors, Infosys, Adani Enterprises, HDFC Life, ICICI Bank, M&M, Ultratech Cement, Tata Motors, and RIL were the top large-cap laggards. On the contrary, Adani Ports, IndusInd Bank, BPCL, Power Grid, Cipla, ITC, Hero MotoCorp, Bajaj Finance, and Apollo Hospitals were the lead winners. About 1850 shares have advanced, 1653 shares declined, and 185 shares are unchanged. Among sectors, the Nifty Metal index fell 2.2 percent, followed by the Nifty IT index (down 0.6 percent), and the Nifty Bank index (down 0.3 percent). The Bank Nifty rose 46.95 pts or 0.11% to 41,546.65 Meanwhile, the broader markets outran their frontline peers as the BSE MidCap and SmallCap indices advanced 0.75 percent and 0.49 percent, respectively.

MARKET UPDATE: Sensex declined over 150 points to trade around 60,676 levels while the Nifty50 cdropped over 50 points to trade below 17,800 levels

MARKET UPDATE: Sensex declined over 150 points to trade around 60,676 levels while the Nifty50 cdropped over 50 points to trade below 17,800 levels
Monday, February 6, 2023
Benchmark indices Nifty50 dropped over 50 points to trade below 17,800 levels, whereas the S&P BSE Sensex declined over 150 points to trade around 60,676 levels. Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.3 percent. The volatility gauge, India VIX, on the other hand, jumped over 3 percent. Read more

SBI Q3 result: Net profit jumps 68.5% to record Rs 14,205 crore

SBI Q3 result: Net profit jumps 68.5% to record Rs 14,205 crore
Friday, February 3, 2023
State Bank of India (SBI) — the country's largest lender by assets — on Friday reported a 68.5 per cent jump in net profit to a record Rs 14,205.3 crore for the quarter ended December 2022 as against a net profit of Rs 8,432 crore in December 2021. On a quarter-on-quarter basis, the profit rose 7 percent from the PAT of Rs 13,265 crore reported in the September quarter of this financial year. whereas Net Interest Income (NII) jumped 24 percent on the year to Rs 38,068.8 crore. Earlier, Bloomberg had pegged NII for the Oct-Dec quarter at Rs 46,946 crore, and net profit at Rs 13,196 crore. The gross non-performing asset (NPA) ratio fell 136 bps YoY to 3.52 percent for the quarter, while net NPA was 57 bps down to 0.77 percent. Read more

Closing Bell: Sensex rises 909 points, Nifty at 17854.05

Closing Bell: Sensex rises 909 points, Nifty at 17854.05
Friday, February 3, 2023
At Close, Sensex gained 909.64 points or 1.52 percent to close at 60,841.88. Nifty gained 243.60 points or 1.38 percent at 17,854, backed by strong gains in financial and IT shares. Top gainers on the Nifty 50 were Titan, Adani Ports, Bajaj Finserv, Bajaj Finance, and HDFC Bank while the losers were Divis Lab, Adani Enterprises, BPCL, Tata Consumer, and Hindalco. About 1304 shares advanced, 2128 shares declined, and 127 shares were unchanged. Sectorally, Nifty Bank traded in the positive territory, gaining up to 1 percent. On the flipside, Nifty Realty, and Nifty Metal indices were bogged down in trade, declining up to 4 percent. The BSE Midcap and Smallcap indices were down around 0.8 percent each.

MARKET UPDATE: Sensex advanced over 400 points to reclaim 60,000 level while the Nifty50 climbed over 100 points to trade above 17,700 levels

MARKET UPDATE: Sensex advanced over 400 points to reclaim 60,000 level while the Nifty50 climbed over 100 points to trade above 17,700 levels
Friday, February 3, 2023
Opening Bell: A pullback rally saw Indian markets open higher in today's( 3 February 2023) trade, amid mixed global cues. Benchmark indices Nifty50 climbed over 100 points to trade above 17,700 levels, whereas the S&P BSE Sensex advanced over 400 points to reclaim 60,000 levels. Read more

Closing Bell: Sensex ends 224 pts higher, Nifty at 17610.40

Closing Bell: Sensex ends 224 pts higher, Nifty at 17610.40
Thursday, February 2, 2023
At Close, the Sensex was up 224.16 points or 0.38% at 59,932.24, and the Nifty was down 5.90 points or 0.03% at 17,610.40, as investors remained wary of the deep selloff in Adani Group stocks, despite an overall positive Budget 2023 tone. Britannia, ITC, IndusInd Bank, Hindustan Unilever, and Infosys were the top gainers while Adani Enterprises, Adani Ports, UPL, HDFC Life, and Eicher Motors were the laggards. About 1637 shares have advanced, 1759 shares declined, and 122 shares are unchanged. Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.5 percent. Sectorally, Nifty FMCG and Nifty IT indices were the best sectoral gainers, gaining up to 2 percent. On the flipside, the Nifty Metal index was the worst sectoral performer as it sank over 4 percent.

MARKET UPDATE: Sensex at 59,700 level, down 6 points while the Nifty50 at 17,590

MARKET UPDATE: Sensex at 59,700 level, down 6 points while the Nifty50 at 17,590
Thursday, February 2, 2023
Indian benchmark indices were volatile today(2 February 2023), after falling nearly 1 percent in opening deals, as news flow around Adani group weighed on the sentiment, while positive reaction to the Union Budget capped losses. The S&P BSE Sensex was quoting at 59,700 level, down 6 points, while the Nifty50 was at 17,590. UPL, Adani Enterprises, Adani Ports, HDFC Life, Apollo Hospitals, Bajaj Finance, ONGC, and HDFC were off lows, and are now down up to 5 percent. Read more

Rout in Adani Group stocks triggers panic sell-off in PSU banks

Rout in Adani Group stocks triggers panic sell-off in PSU banks
Wednesday, February 1, 2023
Switzerland-based investment banking company Credit Suisse has stopped accepting bonds of Adani group as collateral for margin loans to its private banking clients, a sign that scrutiny of the billionaire Gautam Adani's finances is growing after allegations of fraud by short-seller Hindenburg Research. According to the report, the Swiss lender's private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy, and Adani Electricity Mumbai Ltd. It had previously offered a lending value of about 75% for the Adani Ports notes. Other banks continue to lend against Adani's debt. At least two European private banks kept the level unchanged as of now, with one of those offerings to lend between 75% to 80% for Adani Ports dollar bonds. Read more

Closing Bell: Sensex gains158 points, Nifty at 17616.30

Closing Bell: Sensex gains158 points, Nifty at 17616.30
Wednesday, February 1, 2023
Benchmark indices ended on a mixed note in the highly volatile session on February 1.At Close, the Sensex was up 158.18 points or 0.27% at 59,708.08, and the Nifty was down 45.90 points or 0.26% at 17,616.30. The top gainers on the Sensex were Power Grid, ICICI Bank, State Bank of India, Kotak Bank, and HDFC while the top losers were ITC, Sun Pharma, Adani Enterprises, Adani Ports, and IndusInd Bank. About 1241 shares have advanced, 2193 shares declined, and 106 shares are unchanged. Among sectoral indices, the Nifty PSU bank index crashed 9 percent, while the Nifty Metal index tumbled 5.6 percent. The Nifty Bank, Auto, Financial Services, Private Bank, and Realty indices fell over 2 percent each. In the broader markets, the BSE MidCap and SmallCap indices cracked up to 1.5 percent.

MARKET UPDATE: Sensex was up over 400 points to quote at 59,986 while the Nifty50 was hovering above the 17,800-mark

MARKET UPDATE: Sensex was up over 400 points to quote at 59,986 while the Nifty50 was hovering above the 17,800-mark
Wednesday, February 1, 2023
Indian equity markets were holding their gains ahead of the Union Budget presentation at 11 AM today(1 February 2023). The S&P BSE Sensex was up over 400 points, or 0.7 percent, to quote at 59,986. The Nifty50, meanwhile, was hovering above the 17,800 mark. Union Finance Minister Nirmala Sitharaman will present Budget 2023 in Parliament today, the last full Budget of the Modi government in its second term. This year's Budget holds much significance as the country is scheduled to have the next Lok Sabha election in April-May 2024. Read more

Gautam Adani now no longer among world's top 10 richest billionaires

Gautam Adani now no longer among world's top 10 richest billionaires
Tuesday, January 31, 2023
Gautam Adani has slipped out of the list of the world's top 10 richest people and could soon be supplanted as Asia's wealthiest person if shares in his conglomerate continue to slide. Currently, his net worth stands at $84.4 billion. Bernard Arnault is the richest person on the earth with a net worth of $189 billion. The Indian tycoon has fallen from fourth place to 11th on the Bloomberg Billionaires Index, with a personal wealth wipeout of $34 billion in just three trading days. Mukesh Ambani ranks 12th, one spot behind Adani in the list with a net worth of $82.2 billion. Adani now languishes below Mexico's Carlos Slim, Google co-founder Sergey Brin and former Microsoft CEO Steve Ballmer on the Billionaires Index. In the last 24 hours, Adani's net worth has fallen $8.21 billion, the highest among the top 100 billionaires on the list. In 2023 alone, he lost $36.1 billion. Read more

Closing Bell: Sensex up 49.49 points, Nifty at 17662.15

Closing Bell: Sensex up 49.49 points, Nifty at 17662.15
Tuesday, January 31, 2023
At Close, the Sensex was up 49.49 points or 0.08% at 59,549.90, and the Nifty was up 13.20 points or 0.07% at 17,662.20, after the Economic Survey 2022-23 projected 6.5 percent GDP growth in FY24. Moreover, traders also remain watchful of the Union Budget 2023 due on Wednesday, February 1, and the US Federal Reserve's interest rate stance.M&M, SBI, UltraTech Cement, Adani Ports, and Adani Enterprises were among the top gainers on the Nifty, while losers were Bajaj Finance, TCS, Tech Mahindra, Britannia industries and Sun Pharma. About 2368 shares have advanced, 1026 shares declined, and 131 shares are unchanged. Broader markets, too, remained upbeat throughout the day as Nifty MidCap 100 and Nifty SmallCap 100 outperformed benchmark indices to close up to 2 percent. Besides, sectors like the Nifty PSU Bank and Nifty Media indices displayed strong performance, as they climbed up to 4 percent. On the flipside, Nifty IT and Nifty Pharma indices were the worst hit as they dropped up to 1. Read more

MARKET UPDATE: Sensex rose 100 odd points to eventually turn flat at 59,488 while the Nifty50 was around the 17, 630 mark

MARKET UPDATE: Sensex rose 100 odd points to eventually turn flat at 59,488 while the Nifty50 was around the 17, 630 mark
Tuesday, January 31, 2023
Opening Bell: Indian frontline indices started today's( 31 January 2023) trade on a flat note as investors looked forward to the pre-budget Economic Survey for 2023-24, which will be tabled in the Parliament later today. The BSE Sensex rose 100 odd points to eventually turn flat at 59,488, while the NSE Nifty index was around the 17, 630 mark. The survey is likely to peg the domestic GDP growth at 6-6.8 percent for 2023-24, according to a Reuters report. It could see growth at 6.5 percent for 2023-24 under the baseline scenario, which would be the slowest in three years. Read more

Bajaj Finserv posts 42% growth in Q3 net profit to ₹1,782 crore

Bajaj Finserv posts 42% growth in Q3 net profit to ₹1,782 crore
Monday, January 30, 2023
Bajaj Finserv on Monday posted a 42 percent growth in its profit to ₹1,782 crore for the quarter ended 2022, against ₹1,256 crore in the year-ago period. Total income during the quarter rose 23% to Rs 21,755 crore as compared to Rs 17,620 crore a year ago. Bajaj Finserv is a holding company for a number of businesses under the Bajaj brand including its lending and insurance businesses. Bajaj Finserv recorded healthy growth across its companies despite the higher interest rates scenario in Q3FY23. According to the statement shared with the exchanges, the finance costs of the company went up to ₹3,240.78 crores from ₹2,444.53 crores. Total expenses of the firm surged 17.10 percent to ₹17,336.45 crore from ₹14,370.55 crore in the year-ago period. Read more

Closing Bell: Sensex up 169 points, Nifty at 17648.95

Closing Bell: Sensex up 169 points, Nifty at 17648.95
Monday, January 30, 2023
At Close, the Sensex was up 169.51 points or 0.29% at 59,500.41, and the Nifty was up 44.70 points or 0.25% at 17,649 as equity markets were in a tight grip of volatility on Monday with benchmark indices managing to eke out nominal gains by the close. The top gainers on the BSE were Bajaj Finance, UltraTech Cement, Bajaj Finserv, HCL Tech, and Asian Paints while Power Grid, Larsen & Toubro, IndusInd Bank, Tata Steel, and Hindustan Unilever (HUL) were the top laggards.About 1531 shares have advanced, 1965 shares declined, and 162 shares are unchanged. The BSE Midcap and Smallcap indices closed up to 0.2 percent lower. Among sectors, Nifty IT gained the most by 1 percent followed by the PSB index, while the oil & gas pocket was the top loser, down over 3 percent. The Bank Nifty tanked over 1000 points during the day but managed to close in the positive territory.

MARKET UPDATE: Sensex fell 590 points to quote at 58,741 level while the Nifty50 dropped 149 points to 17,455 levels

MARKET UPDATE: Sensex fell 590 points to quote at 58,741 level while the Nifty50 dropped 149 points to 17,455 levels
Monday, January 30, 2023
Opening Bell: The Indian benchmark indices started the week on a tepid note today(30 January 2023) as clouds over Adani group, amid its clash with US-based Hindenburg Research, weighed on sentiment. The S&P BSE Sensex fell 590 points to quote at 58,741 level, while the Nifty50 dropped 149 points to 17,455 levels. Both indices were down 0.99 percent. ICICI Bank, Axis Bank, L&T, HUL, HDFC, Tata Steel, JSW Steel, RIL, Power Grid, HDFC Bank, Hindalco, SBI Life, Apollo Hospitals, and Bharti Airtel were the top laggards on the Nifty50 index as they fell in the range of 1 percent to 2 percent. In the broader market, the BSE MidCap and SmallCap indices declined up to 0.34 percent. Meanwhile, among sectors, the Nifty Metal index was the top NSE gainer, up 1 percent; while the Nifty Oil and Gas index was the top NSE loser, down 4 percent. Read more

MARKET UPDATE: Sensex declined 600 points to the day's low of 59,543 while the Nifty50 slipped below 17,800 level, down 130 points

MARKET UPDATE: Sensex declined 600 points to the day's low of 59,543 while the Nifty50 slipped below 17,800 level, down 130 points
Friday, January 27, 2023
Indian equity markets extended weakness today(27 January 2023), after over a percent decline on Wednesday. The S&P BSE Sensex declined 600 points to the day's low of 59,543 in early deals dragged by Reliance, HDFC twins, and ICICI Bank. The NSE Nifty50 slipped below the 17,800 level, down 130 points. The BSE MidCap and SmallCap indices lost 0.6 percent and 0.9 percent in the broader markets, respectively. Read more

Zomato plunges 15%, hits lowest level since July 2022 on heavy volumes

Zomato plunges 15%, hits lowest level since July 2022 on heavy volumes
Wednesday, January 25, 2023
Shares of food aggregator platform Zomato plunged 15 percent, hitting an almost six-month low of Rs 44.35, on the BSE in Wednesday's intra-day trade amid heavy volumes. Zomato on Tuesday announced that it was relaunching its loyalty program Zomato Gold – its fourth iteration in the last few years. With a starting price of Rs 149 for three months, Zomato Gold will replace Zomato Pro and Pro Plus, which were suspended in August 2022. This is a discount on the Rs 999 quarterly membership. Under the program, subscribers will get free deliveries at restaurants that are within 10 kilometers on orders above Rs 199. Gold members will also get discounts on food deliveries and dining out. There are also benefits such as a ‘No Delay Guarantee’ where members will receive a Rs 100 coupon for delayed deliveries. For dining in, members will get up to 40 percent off at more than 10,000 partner restaurants across the country. Read more

Closing Bell: Sensex down 774 points, Nifty at 17891.95

Closing Bell: Sensex down 774 points, Nifty at 17891.95
Wednesday, January 25, 2023
At Close, the Sensex was down 773.69 points or 1.27% at 60,205.06, and the Nifty was down 226.30 points or 1.25% at 17,892, as equity markets succumbed to severe selling pressure on Wednesday led by losses in financial stocks and the monthly F&O expiry that weakened investor sentiment. Adani Ports, SBI, IndusInd Bank, HDFC Bank, and Cipla were among the biggest losers on the Nifty, while gainers were Hindalco Industries, Maruti Suzuki, Bajaj Auto, HUL, and Tata Steel. About 1106 shares have advanced, 2310 shares declined, and 129 shares are unchanged. Within sectors, the Nifty PSB index tanked 3.6 percent followed by bank and financial indices. Auto, metals, and FMCG pockets closed nearly flat with fractional cuts. In the broader market, the BSE midcap index cracked 1.5 percent while smallcap index lost around 1 percent.

MARKET UPDATE: Sensex hovering around 60,825 levels down 153 points while the Nifty50 at 18,073, down 46 points

MARKET UPDATE: Sensex hovering around 60,825 levels down 153 points while the Nifty50 at 18,073, down 46 points
Wednesday, January 25, 2023
Opening Bell: Indian frontline indices started lower today(25 January 2023) as investors gear up for the monthly F&O expiry later today. The S&P BSE Sensex was hovering around 60,825 levels in early deals, down 153 points or 0.25 percent. The Nifty50, on the other hand, was at 18,073, down 46 points or 0.25 percent. Tata Motors, Maruti Suzuki, Cipla, Bajaj Auto, Hero MotoCorp, and M&M were the top 50-pack gainers, while Adani Enterprises, HCL Tech, Adani Ports, L&T, IndusInd Bank, Infosys, and Tech M remained top laggards. Read more

Maruti Suzuki Reports Better-Than-Expected Q3 Profit On Strong Passenger Car Demand

Maruti Suzuki Reports Better-Than-Expected Q3 Profit On Strong Passenger Car Demand
Tuesday, January 24, 2023
On the back of strong demand for its passenger cars, Maruti Suzuki India reported a better-than-expected 129.55 percent jump in the quarterly consolidated net profit in the third quarter (Q3FY23) on Tuesday. It reported a significant rise in its net profit at ₹ 2,391.5 crores for the third quarter ended December 2022 (Q3 FY23), which more than doubled as compared to ₹1,041.8 crore in the year-ago quarter. The total revenue from operations came in at Rs 29,057.5 crore, rising 24.96 percent from Rs 23,253.3 crore year-on-year (YoY). Profit growth was driven by higher sales and a fall in raw material costs. The EBIT margin of the company also improved 350 basis points year on year (YoY) to 7.6 percent. Profit margin improved 380 basis points YoY to 8.4 percent Read more

Closing Bell: Sensex, Nifty end flat amid volatile

Closing Bell: Sensex, Nifty end flat amid volatile
Tuesday, January 24, 2023
At Close, the Sensex was up 37.08 points or 0.06% at 60,978.75, and the Nifty was down 0.20 points or 0.00% at 18,118.30, despite strong global sentiments, and healthy early Q3 results. The top gainers of Nifty were Tata Motors, Maruti Suzuki, Bajaj Auto, Britannia, and HCL Tech while the top losers were Axis Bank, Hindalco, Dr Reddy, Power Grid, and SBI Life. About 1485 shares have advanced, 1930 shares declined, and 132 shares are unchanged. Sectorally, the Nifty Auto index was the best sectoral performer as it gained 1.2 percent. Nifty PSU Bank and Nifty Realty indices, on the contrary, was the worst sectoral performer as they tanked up to 1.3 per cent. Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent. The volatility gauge, India VIX, gained marginally to 0.2 percent.

MARKET UPDATE: Sensex advanced over 300 points to quote at 61,251 levels while the Nifty50 topped the 18,200-mark, rising 80 points

MARKET UPDATE: Sensex advanced over 300 points to quote at 61,251 levels while the Nifty50 topped the 18,200-mark, rising 80 points
Tuesday, January 24, 2023
Indian equities started higher today(24 January 2023) as firm global sentiment swept the domestic markets. The S&P BSE Sensex advanced over 300 points, or 0.5 percent, to quote at 61,251 levels in early deals. The Nifty50, meanwhile, topped the 18,200 mark, rising 80 points or 0.5 percent. Tata Motors, ICICI Bank, Infosys, Tech M, HDFC Bank, IndusInd Bank, and Bajaj Finserv were the large-caps that lifted the frontline indices in early deals, even as Axis Bank, Bharti Airtel, HUL, Nestle India, and Sun Pharma tried to limit gains. In the broader markets, the BSE MidCap and SmallCap indices surged up to 0.2 percent. Read more

Axis Bank Q3 results: Net profit rises 61.9% to Rs 5,853 crore

Axis Bank Q3 results: Net profit rises 61.9% to Rs 5,853 crore
Monday, January 23, 2023
Axis Bank on Monday reported a 62 percent year-on-year (YoY) surge in net profit at Rs 5,853 crore for the December quarter compared with Rs 3.614 crore in the same quarter last year. The private sector lender's net interest income rose 32 percent year-on-year to Rs 11,459 crore on the back of a strong 15 percent loan growth and an expansion in net interest margins. Provisions dropped to ₹550 crores, as against ₹1,735 crores a year ago. Meanwhile, asset quality improved with the gross non-performing asset ratio declining to 2.5% as of 30 September 2022, from 2.76% a quarter ago and 3.53% a year ago. Demand for credit has rebounded from the pandemic lows and boosted loan growth at banks, with consumers and businesses stepping up spending as the economy revived. Banks have in turn had to jostle for a larger share of deposits. Read more

Closing Bell: Sensex gains 319.90 points, Nifty at 18118.55

Closing Bell: Sensex gains 319.90 points, Nifty at 18118.55
Monday, January 23, 2023
At Close, the Sensex was up 319.90 points or 0.53% at 60,941.67, and the Nifty was up 90.80 points or 0.50% at 18,118.50 due to Strong global mood, positive early Q3 results, and softening crude oil prices propelled domestic markets higher in Monday's trade. Tata Motors, Hindalco, IndusInd Bank, SBI Life, and Kotak Bank were the top gainers of the Nifty while Dr. Reddy, NTPC, Bajaj Finserv, Asian Paints, and UltraTech Cement were the top losers. Sectorally, the Nifty Bank index gained the most, up to 0.8 percent. Among sectors, auto, FMCG, healthcare, oil & gas, and information technology indices are up 0.5-1 percent, while realty, and power are down 0.4-0.7 percent. Broader markets, meanwhile, were mixed as Nifty MidCap 100 and Nifty SmallCap 100 indices saw marginal gains.

MARKET UPDATE: Sensex jumped over 250 points to trade around 60,871 levels while the Nifty50 advanced over 50 points to trade above 18,100 levels

MARKET UPDATE: Sensex jumped over 250 points to trade around 60,871 levels while the Nifty50 advanced over 50 points to trade above 18,100 levels
Monday, January 23, 2023
Opening Bell: Strong global mood, positive early Q3 results, and softening crude oil prices propelled Indian equity markets to start higher in today's( 23 January 2023) trade. Key indices Nifty50 advanced over 50 points to trade above 18,100 levels, whereas the S&P BSE Sensex jumped over 250 points to trade around 60,871 levels. Read more

Hindustan Unilever slips 4% as royalty payout hike raises margin concerns

Hindustan Unilever slips 4% as royalty payout hike raises margin concerns
Friday, January 20, 2023
Shares of Hindustan Unilever (HUL) dipped 4 percent to Rs 2,540 on the BSE in Friday’s intra-day trade after the company's board approved an increase in the payment of royalty and technical fees to its parent Unilever. It said the royalty fee it pays to parent Unilever Plc has been hiked by 80 basis points and will be effected in a staggered manner over a period of 3 years.HUL said the royalty fee — an amount paid by a third party to an owner of a product or patent for the use of that product or patent — to Unilever PLC will be hiked from 2.65 percent of sales to 3.45 percent (80 basis points) in a staggered manner over three years till 2025.HUL’s royalty fee will increase by 45 bps for February to December 2023, by further 25 bps for 2024, and another 10 bps for 2025. These royalty changes are included in management’s double-digit EPS growth targets for the medium to long term announced during the investor day in November 2022. Read more

Closing Bell: Sensex down 236.66 points, Nifty at 18027.65

Closing Bell: Sensex down 236.66 points, Nifty at 18027.65
Friday, January 20, 2023
At Close, the Sensex was down 236.66 points or 0.39% at 60,621.77, and the Nifty was down 80.10 points or 0.44% at 18,027.70. The top losers of the Nifty 50 were Hindustan Unilever Ltd (HUL), Asian Paints, Bajaj Finance, Nestle India, and JSW Steel while the top gainers were Coal India, HDFC Bank, Power Grid, HDFC, and ITC. About 1533 shares have advanced, 1865 shares declined, and 146 shares are unchanged. Broader markets bled more than benchmarks with the BSE Midcap and Smallcap indices falling up to 0.7 percent. Within sectors, Nifty consumer durables, FMCG, metals, realty, and pharma indices suffered the most losses ending around 1 percent lower each, while bank and financial pockets held ground and logged fractional gains.

MARKET UPDATE: Sensex dropped 90 points to trade around 60,767 levels while the Nifty50 was flat below 18,100 levels

MARKET UPDATE: Sensex dropped 90 points to trade around 60,767 levels while the Nifty50 was flat below 18,100 levels
Friday, January 20, 2023
Indian equity markets were flat in today's(20 January 2023) intra-day trade amid mixed global cues. Key indices Nifty50 was flat below 18,100 levels, whereas the S&P BSE Sensex dropped 90 points to trade around 60,767 levels. Broader markets, too, were tepid in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices lowered up to 0.05 percent. Read more

Persistent Systems gains on strong Q3 show

Persistent Systems gains on strong Q3 show
Thursday, January 19, 2023
The share price of midcap IT firm Persistent Systems gained over 7 percent on January 19 after the company registered an 8.2 percent sequential growth in profit at Rs 238 crore for the quarter that ended December 31, 2022. The company had reported a net profit of Rs 176.4 crore in the same quarter of the previous fiscal year. The company's earnings were majorly in line with the analysts' estimates, which pushed the stock to move higher. Persistent clocked a 45.4% increase in the revenue from operations at Rs 2,169.3 crore during the October-December 2022 period, which stood at Rs 1,491.7 crore in the year-ago period, whereas the operating EBITDA of the company stood at 401.5 crores in Q3FY23, up 59.9% YoY. The IT company also announced an interim dividend of Rs 28 a share for FY23.The total expenses of the company spiked 43.83% YoY to Rs 1,849.6 crore during the quarter. Read more

Closing Bell: Sensex down 187 points, Nifty at 18107.85

Closing Bell: Sensex down 187 points, Nifty at 18107.85
Thursday, January 19, 2023
At Close, the Sensex was down 187.31 points or 0.31% at 60,858.43, and the Nifty was down 57.50 points or 0.32% at 18,107.80, amid a cautious global mood. HDFC Life, Axis Bank, IndusInd Bank, UPL, and Cipla were the top gainers of Nifty 50 while Adani Enterprises, Hindalco, Kotak Bank, Titan, Larsen & Toubro, and UltraTech Cement were the top losers. About 1549 shares have advanced, 1867 shares declined, and 117 shares are unchanged. In the broader markets, the BSE MidCap and SmallCap indices were quoting up to 0.1 percent lower. All the sectoral indices were trading with cuts. The Nifty Metal index fell 0.6 percent, followed by the Nifty IT index down 0.6 percent, Bank Nifty fell 0.15%, and Nifty Auto sinked 0.27%. while Nifty Pharma rose marginally by 0.09%.

MARKET UPDATE: Sensex extended fall to tumble 250 points to quote at 60,800 while the Nifty50 slipped below the 18,100

MARKET UPDATE: Sensex extended fall to tumble 250 points to quote at 60,800 while the Nifty50 slipped below the 18,100
Thursday, January 19, 2023
Opening bell: Indian equity markets began today's( 19 January 2023) trade on a weaker note as global markets remained on the back foot. After starting over 100 points lower, the S&P BSE Sensex extended its fall to tumble 250 points to quote at 60,800. The Nifty50, meanwhile, slipped below the 18,100 level dragged by Adani Enterprises, Hindalco, Kotak Bank, Titan Company, Bajaj Finserv, Ultratech Cement, Adani Ports, and Eicher Motors. Read more

MARKET UPDATE: Sensex at 60,708 levels up 52 points, while the Nifty50 at 18,076 levels

MARKET UPDATE: Sensex at 60,708 levels up 52 points, while the Nifty50 at 18,076 levels
Wednesday, January 18, 2023
Opening bell: Indian benchmark indices started to trade on a flat-to-positive note today(18 January 2023) amid steady global cues. The S&P BSE Sensex was quoting at 60,708 levels in early deals, up 52 points or 0.09 percent. The Nifty50, meanwhile, was at 18,076 levels. SBI Life, Hindalco, Tata Steel, HCL Tech, UPL, Grasim, and ONGC were the top large-cap gainers, rising in the range of 0.6 percent to 1.7 percent. HDFC Life, M&M, Cipla, Tata Motors, Ultratech Cement, ICICI Bank, and Reliance Industries, meanwhile, were the top laggards, down up to 0.7 percent. Read more

L&T hits record high on hopes of strong order inflows

L&T hits record high on hopes of strong order inflows
Tuesday, January 17, 2023
Shares of Larsen & Toubro (L&T) soared 4 percent to hit a new high of Rs 2,214 in Tuesday’s intra-day trade, on the expectation of strong order inflows and improved execution.L&T Construction's buildings & factories (B&F) fast business has received a significant repeat order from a reputable and prestigious commercial developer, one of India's largest mixed-use developers and operators. The order is ‘significant’, classified by the company as those in the range of ₹1,000-2,500 crore. The mandate is to build two commercial office towers in Hyderabad with approximate built-up areas of 28.91 lakh square feet and 28.53 lakh square feet, respectively. The engineering and construction major will be responsible for the civil work on the towers, one of which will have 22 floors and the other 41 floors. The construction is scheduled to be completed in 18 months, it said. Read more

Closing Bell: Sensex gains 562 points, Nifty at 18053.30

Closing Bell: Sensex gains 562 points, Nifty at 18053.30
Tuesday, January 17, 2023
At Close, the Sensex was up 562.75 points or 0.94% at 60,655.72, and the Nifty was up 158.50 points or 0.89% at 18,053.30 as wholesale inflation dropped to a 2-year low of 4.9 percent at December and oil refiners rose in trade after the government slashed windfall tax on crude and aviation fuel.L&T, HUL, HDFC, HCL Technologies, and HDFC Bank were among the top gainers on the Nifty, while SBI, IndusInd Bank, Bajaj Finserv, Wipro and Bajaj Finance were the losers. About 1641 shares have advanced, 1764 shares declined, and 133 shares are unchanged. On the sectoral front, oil & gas, realty, energy, infra, power, capital goods, and FMCG gained 1% each, while the PSU bank index shed 2%. Broader markets, however, underperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices dropped up to 0.1 percent. India VIX, the volatility gauge, meanwhile, eased below 2 percent.

MARKET UPDATE: Sensex advanced over 400 points, to quote at 60,500 levels, while the Nifty50stayed reclaimed the 18,000-mark

MARKET UPDATE: Sensex advanced over 400 points, to quote at 60,500 levels, while the Nifty50stayed reclaimed the 18,000-mark
Tuesday, January 17, 2023
Indian equity indices, which began today's(17 January 2023) trade on a muted note, moved quickly higher. The S&P BSE Sensex advanced over 400 points, after a flat start, to quote at 60,500 levels in mid-morning deals, while the Nifty50 stayed reclaimed the 18,000 mark. HUL, HCL Tech, L&T Reliance Industries, Tech M, and NTPC were the notable gainers on the 30-pack index as they gained between 0.3 percent and 2 percent. On the contrary, Tata Steel, Bajaj Finance, IndusInd Bank, Titan, M&M, Sun Pharma, and Axis Bank fell up to 0.85 percent, capping the upside. Read more

Closing Bell: Sensex down 168 points, Nifty at 17894.85

Closing Bell: Sensex down 168 points, Nifty at 17894.85
Monday, January 16, 2023
At Close, the Sensex was down 168.21 points or 0.28% at 60,092.97, and the Nifty was down 61.80 points or 0.34% at 17,894.80, as markets closed the session on the weak ground pulled down by select heavyweights. The top gainers of the BSE Sensex were Tech Mahindra (up 3.22%), HCL Tech (up 1.48%), Infosys (up 1.45%), Wipro (up 1.27%), and TCS (up 1.06%) while Axis Bank (down 2.26%), NTPC (down 1.16%), HDFC (down 1.03%), HDFC Bank (down 0.97%) and Mahindra & Mahindra (down 0.97%) were the losers. About 1658 shares have advanced, 1844 shares declined, and 169 shares are unchanged. In the broader market, the BSE Midcap and Smallcap indices also ended 0.3 percent and 0.1 percent lower, respectively. Within sectors, IT and PSB indices on the Nifty defied the market and closed over 1 percent higher. Metal and financial pockets were the worst hit.

MARKET UPDATE: Sensex quoted near 60,380 levels, up 120 points , while the Nifty50 slipped below the 18,000-mark and was at 17,965

MARKET UPDATE: Sensex quoted near 60,380 levels, up 120 points , while the Nifty50 slipped below the 18,000-mark and was at 17,965
Monday, January 16, 2023
Indian equity markets started higher today(16 January 2023), lifted by HDFC Bank, Bajaj twins, IndusInd Bank, Ultratech Cement, Kotak Bank, Infosys, and HCL Tech. On the downside, Tata Steel, NTPC, Tata Motors, M&M, Power Grid, and Nestle weighed on the bourses. The S&P BSE Sensex, which advanced 295 points in early deals, was off highs and quoted near 60,380 levels, up 120 points or 0.2 percent. The Nifty50, too, slipped below the 18,000 mark and was at 17,965. Read more

L&T Technology Services declines 5% on plans to buy SWC biz from parent L&T

L&T Technology Services declines 5% on plans to buy SWC biz from parent L&T
Friday, January 13, 2023
Shares of L&T Technologies Services (LTTS) dipped 5.5 percent to Rs 3,441 on the BSE in Friday’s intra-day trade after the company informed the stock exchanges that it agreed to acquire the Smart World & Communications business (SWC) of its parent company Larsen & Toubro (L&T) which was founded in 2016 to cater to the demands in smart cities, smart utilities, and digital infrastructure. by way of a slump sale for a consideration of Rs 800 crore. The acquisition will be completed in three months, subject to satisfaction of conditions precedent identified under the agreement. According to LTTS, SWC business generated Rs 1,098 crore in annual revenue for FY 2021-22. SWC is an intelligence solution provider operating in three segments – communications, safe and smart solutions, and cybersecurity. With the acquisition, LTTS plans to combine synergies and take offerings in next-gen communications, sustainable spaces, and cybersecurity to the global market. Read more

Closing Bell: Sensex gains 303 points, Nifty at 17956.60

Closing Bell: Sensex gains 303 points, Nifty at 17956.60
Friday, January 13, 2023
At Close, the Sensex was up 303.15 points or 0.51% at 60,261.18, and the Nifty was up 98.40 points or 0.55% at 17,956.60. The top losers of the Nifty were Eicher Motors, HDFC Bank, Bharti Airtel, Apollo Hospital, and Reliance Industries Ltd while the gainers were Hindalco, Tata Steel, UPL, Grasim, and Bajaj Finserv. About 1944 shares have advanced, 1456 shares declined, and 137 shares are unchanged. The broader markets closed with slimmer gains. The BSE Midcap and Smallcap indices ended at 0.09 and 0.2 percent higher, respectively. Within sectors, barring consumer durables, PSB and Metal indices on the Nifty logged in most gains, up over 1 percent each, followed by IT and financial pockets. Bank Nifty fell 0.36% and Nifty FMCG dropped 0.36% while Nifty IT rose 0.43%.

MARKET UPDATE: Sensex hovering around 59,637 levels, down 321 points, while the Nifty50 below 17,800 levels

MARKET UPDATE: Sensex hovering around 59,637 levels, down 321 points, while the Nifty50 below 17,800 levels
Friday, January 13, 2023
Indian Equity markets, which started weak today(13 January 2023) as sentiment across Asia remained unenthusiastic this morning, extended fall within minutes. The S&P BSE Sensex opened 100 points lower but is hovering around 59,637 levels, down 321 points or 0.5 percent. The Nifty50, meanwhile, was below 17,800 levels. The benchmarks were bogged down by HCL Tech shares which fell 2 percent. It reported a net profit of Rs 4,096 crore for Q3FY23, an increase of 18.8 percent year-on-year. However, the company brought down its higher end-of-revenue guidance for the 2023 fiscal year. Read more

Infosys Q3: Net profit surges 13% to Rs 6,586 crore, beats estimates; deal wins at $3.3 bn

Infosys Q3: Net profit surges 13% to Rs 6,586 crore, beats estimates; deal wins at $3.3 bn
Thursday, January 12, 2023
India's second top IT company Infosys Ltd announced its earnings for the third quarter ended December 2022 for the current fiscal or Q3 FY23 on Thursday, after market hours. It reported a 13.4 percent rise in its consolidated net profit for the quarter that ended December 2022 at Rs 6,586 crore. The Company reported a net profit of Rs 5,809 crore in the same quarter last year. Its consolidated revenue from operations increased 20.2 percent to Rs 38,318 crore against Rs 31,867 crore in the corresponding quarter last year, Infosys said in an exchange filing. The reported numbers beat estimates. According to a poll of brokerages, consolidated revenue was expected to come in at Rs 37,613 crore, up 18 percent year-on-year (YoY) growth. In comparison, consolidated profit after tax (PAT) was estimated to increase 10.5 percent YoY to Rs 6,418 crore. Read more

Closing Bell: Sensex down 147 points, Nifty at 17858.20

Closing Bell: Sensex down 147 points, Nifty at 17858.20
Thursday, January 12, 2023
At Close, the Sensex was down 147.47 points or 0.25% at 59,958.03, and the Nifty was down 37.50 points or 0.21% at 17,858.20, ahead of the US inflation data and rising crude oil prices. Divis Labs, Reliance Industries, BPCL, Axis Bank, and Tata Motors were among the top lowers on the Nifty, while SBI Life Insurance, UltraTech Cement, Larsen and Toubro, HCL Technologies, and Dr. Reddy’s Laboratories were the gainers. About 1590 shares have advanced, 1813 shares declined, and 152 shares are unchanged. Sectorally, Nifty IT and Nifty Media indices defied the gloomy sentiments as they rose up to 0.8 percent. Nifty FMCG and Nifty Bank indices, on the flip side, declined up to 0.4 percent. Broader markets, too, were subdued in the trade as Nifty SmallCap 100 and Nifty MidCap 100 indices slipped up to 0.2 percent.

MARKET UPDATE: Sensex gains 134 points, trsding at 60,239, while the Nifty50 atop 17,900 levels

MARKET UPDATE: Sensex gains 134 points, trsding at 60,239, while the Nifty50 atop 17,900 levels
Thursday, January 12, 2023
Opening bell: Indian benchmark indices started in the green today (12 January 2023) amid supportive global cues. The S&P BSE Sensex was trading with a gain of 134 points, or 0.2 percent, at 60,239 in early deals, while the Nifty50 was atop 17,900 levels. HCL Tech, Titan Company, Wipro, Nestle India, L&T, Maruti Suzuki, and Tech Mahindra led the Sensex gainers, rising between 0.5 percent and 1.7 percent. On the flip side, Asian Paints, Axis Bank, Tata Steel, ICICI Bank, Kotak Bank, and SBI fell the most, down to 1.2 percent. The BSE MidCap and Smallcap indices increased to 0.2 percent in the broader markets. Read more

Marksans Pharma shares jump 8% to hit 52-week high today

Marksans Pharma shares jump 8% to hit 52-week high today
Wednesday, January 11, 2023
Shares of Marksans Pharma surged more than 8 percent and hit a 52-week high of Rs 67.40 in Wednesday's trade, extending their gains for the third straight session amid heavy volumes, after the company announced that its Board will consider and allot fully paid-up equity shares against convertible warrants to the promoter and OrbiMed Asia. Its previous close was Rs 62.25. The company, in an exchange filing, said that a board meeting would be held on January 20 to consider and allot fully paid-up equity shares. per an exchange filing, promoter Mark Saldanha will be allotted 10 lakh equity shares at Rs 74 apiece. OrbiMed Asia IV Mauritius FVCI Limited will be allotted 4.9 crore shares at Rs 74 each. This brings the total issue to Rs 372 crore."Expected approval by the board of directors in favor of the owner led to a strong uptrend in Marksans Pharma's stock price. A daily close above Rs 64 could lead to targets of Rs 67-73.65 in the coming days," said AR Ramachandran from Tips2trades. Read more

Closing Bell: Sensex down 9.98 points, Nifty at 17895.70

Closing Bell: Sensex down 9.98 points, Nifty at 17895.70
Wednesday, January 11, 2023
At Close, the Sensex was down 9.98 points or 0.02% at 60,105.50, and the Nifty was down 18.50 points or 0.10% at 17,895.70, after swinging between the red and green zones as the Street awaited the release of retail inflation data on Thursday. On the flip side, Hindalco, BPCL, Sun Pharma, Ultratech Cement, TCS, HDFC twins, Tata Motors, L&T, and ICICI Bank were the top index gainers, up 0.6-3 percent. The top drags were Bharti Airtel, HUL, Nestle, Cipla, Divi's Labs, Apollo Hospitals, IndusInd Bank, Reliance, Titan, and Bajaj Finserv, which shed 1-3 percent. About 1830 shares have advanced, 1566 shares declined, and 142 shares are unchanged. Within sectors, the Nifty FMCG, Pharma, Auto and oil & gas indices exhibited the most weakness and ended 0.5-1 percent down, while PSB, metal, and banking pockets gained up to 0.7 percent. Broader markets were also muted with the BSE Midcap closing 0.3 percent down and the smallcap index ending slightly in the green.

MARKET UPDATE: Sensex lowered over 100 points to trade below 60,000 levels, while the Nifty50 declined over 30 points to trade below 17,900 levels

MARKET UPDATE: Sensex lowered over 100 points to trade below 60,000 levels, while the Nifty50 declined over 30 points to trade below 17,900 levels
Wednesday, January 11, 2023
Opening bell: Indian markets opened lower in today's(11 January 2023) trade amid tepid foreign flows and rising oil prices. Key indices Nifty50 declined over 30 points to trade below 17,900 levels, whereas the S&P BSE Sensex lowered over 100 points to trade below 60,000 levels. Broader markets, also, were mixed as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. Read more

Adani Group shares under pressure; Adani Ent falls 5%, Adani Ports down 3%

Adani Group shares under pressure; Adani Ent falls 5%, Adani Ports down 3%
Tuesday, January 10, 2023
Shares of Gautam Adani Group companies were under pressure on Tuesday, falling up to 5 percent on the BSE, as the benchmark index fell over 1 percent, as Adani Group is likely to file the red herring prospectus (RHP) with market regulator Sebi for its big-bang Rs 20,000 crores further public offering ( FPO) later this month, multiple industry sources with knowledge of the matter told Moneycontrol. The move is seen as a step towards fulfilling the ambitious expansion plans of the port to power diversified conglomerate which has seen group stocks sizzle on the bourses in the past few years. Among individual stocks, the Group's flagship company -- Adani Enterprises – slipped 5 percent to Rs 3,854.20 on the BSE in the intra-day trade today. With today's fall, the stock has corrected 13 percent from its record high level of Rs 4,189.10, touched on December 21, 2022. Read more

Sensex tanks 631 points, Nifty at 17914.15

Sensex tanks 631 points, Nifty at 17914.15
Tuesday, January 10, 2023
At Close, the Sensex was down 631.83 points or 1.04% at 60,115.48, and the Nifty was down 187 points or 1.03% at 17,914.20, amid tepid foreign flows and mixed global cues. Adani Enterprises, Bharti Airtel, Eicher Motors, Adani Ports, and SBI were among the top losers on the Nifty. The gainers were Tata Motors, Hindalco Industries, Apollo Hospitals, Power Grid Corp, and Divis Labs. About 1376 shares have advanced, 2027 shares declined, and 152 shares are unchanged. Broader markets, too, fell in line with the benchmarks as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5%. India VIX, the volatility gauge, meanwhile, surged over 5%. Barring the Nifty Auto index, all sectors drowned in the sea of red. Nifty PSU Bank was the worst hit amongst all sectoral indices as it declined over 2 percent.

MARKET UPDATE: Sensex at 60,484 levels down 263 points, while the Nifty50 hovering around 18,028, down 71 points

MARKET UPDATE: Sensex at 60,484 levels down 263 points, while the Nifty50 hovering around 18,028, down 71 points
Tuesday, January 10, 2023
Opening bell: Equity markets in India began on shaky ground today(10 January 2023) as stock-specific action, amid December quarter results, and mixed global trends swayed sentiment. The S&P BSE Sensex was at 60,484 levels in early deals, down 263 points, while the Nifty50 was hovering around 18,028, down 71 points. Both benchmarks were trading 0.4 percent lower. In the broader market, the BSE MidCap and SmallCap indices were flat with negative bias. Read more

Titan slips 3% after Q3 growth fails to meet Street expectations

Titan slips 3% after Q3 growth fails to meet Street expectations
Monday, January 9, 2023
Shares of Titan Company dropped 3 percent to Rs 2,470.70 in Monday’s intra-day trade, in an otherwise firm market, after Titan Company reported a 12 percent YoY growth in standalone business, with the jewelry segment growing at 11 percent YoY, Watches & Wearables at 14 percent, EyeCare at 10 percent and emerging businesses at 75 percent. Titan Company said it continued to expand its network with 129 store additions for the quarter, taking its total store count to 2,537. The Street had forecast a growth of 17 percent on-year on the back of a strong wedding season. A total of 111 new retail outlets were added in the quarter across businesses, taking the total count to 2,362. Titan's jewelry retail brand Tanishq opened its first international boutique store in the USA in December 2022. The company now has a total of six stores spread across Dubai, Abu Dhabi, and the USA in the overseas market. Read more

Closing Bell: Sensex gains 847 points, Nifty at 18101.20

Closing Bell: Sensex gains 847 points, Nifty at 18101.20
Monday, January 9, 2023
At Close, Sensex was up 846.94 points, or 1.41%, higher at 60,747.31, and the Nifty gained 241.70 points, or 1.35%, at 18,101.20, as upbeat economic data in the US lifted global stocks. On the NSE Nifty index, M&M, IndusInd Bank, TCS, TechM, and HCL Tech are the top gainers, with Mahindra & Mahindra up 3.38%. The biggest laggards are Titan, HDFC Life, Bajaj Auto, Britannia, and Grasim, with Titan down 2%. The BSE Midcap and Smallcap indices closed 0.9 percent and 0.5 percent up, respectively. Within sectors, Nifty IT gained the most, up 3 percent, followed by oil & gas, metal, and auto PSB indices that logged in over 1 percent gains each.

MARKET UPDATE: Sensex advanced over 600 points to trade at 60,542 levels, while the Nifty50 rose over 100 points to trade above 18,000 levels

MARKET UPDATE: Sensex advanced over 600 points to trade at 60,542 levels, while the Nifty50 rose over 100 points to trade above 18,000 levels
Monday, January 9, 2023
Indian markets extended gains in today's(9 January 2023) intra-day trade amid a solid global mood. Key indices Nifty50 rose over 100 points to trade above 18,000 levels, whereas the S&P BSE Sensex advanced 600 points to trade at 60,542 levels. Broader markets, too, edged higher in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices increased up to 1 percent. Read more

IDBI Bank up 8% on Sebi nod to reclassify govt post sale-stake as 'public'

IDBI Bank up 8% on Sebi nod to reclassify govt post sale-stake as 'public'
Friday, January 6, 2023
Shares of IDBI Bank were up 8 percent at Rs 59.7 on the BSE in Friday’s intra-day trades in an otherwise subdued market after capital market regulator Securities and Exchange Board of India (Sebi) acceded to the central government’s request to reclassify its shareholding in the Bank after its disinvestment as “public holding”.The government, with a more than 45% stake in IDBI Bank, is currently classified as a co-promoter of the lender, which will be reduced to 15 percent after divestment. The government is looking to sell its 30.48% stake in IDBI Bank, while state-backed LIC will offload its 30.24% share in the lender. Also, the government must specify its intention to reclassify its shareholding in the bank as “public holding” in the letter of offer dispatched to the shareholders of the bank in connection with the open offer made by the acquirer. Read more

Closing Bell: Sensex down 453 points, Nifty at 17859.45

Closing Bell: Sensex down 453 points, Nifty at 17859.45
Friday, January 6, 2023
At Close, Sensex closed 452.90 points lower or 0.75 percent at 59,900. Nifty is down 132.70 points or 0.74 percent at 17,859.50. Bajaj Twins, Tata Consultancy Services, ICICI Bank, Infosys, and Tech Mahindra, were the top losers in the Sensex pack.IDBI Bank, Reliance, and ITC were the major gainer in the Sensex pack. About 1392 shares have advanced, 2007 shares declined, and 128 shares are unchanged. Sectorally, Nifty Realty, Nifty Metal, and Nifty FMCG indices attempted to trim losses with marginal gains. On the flipside, Nifty IT, Nifty Media, and Nifty Bank indices declined up to 1 percent. Broader markets, too, were subdued in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.7 percent.

MARKET UPDATE: Sensex advanced over 150 points to hit day's high of 60,537 levels, while the Nifty50 gained over 30 points to trade above 18,000 levels

MARKET UPDATE: Sensex advanced over 150 points to hit day's high of 60,537 levels, while the Nifty50 gained over 30 points to trade above 18,000 levels
Friday, January 6, 2023
Indian markets reversed early losses and edged higher in today's(6 January 2023) intra-day trade, supported by gains in index heavyweights like Reliance Industries, ITC, Hindustan Unilever, Mahindra & Mahindra, among many others. While the benchmark index Nifty50 gained over 30 points to trade above 18,000 levels, the S&P BSE Sensex advanced over 150 points to hit the day's high of 60,537. Read more

MARKET UPDATE: Sensex down over 60 points at 60,590 levels, while the Nifty50 was up 5 points at 18,048 level

MARKET UPDATE: Sensex down over 60 points at 60,590 levels, while the Nifty50 was up 5 points at 18,048 level
Thursday, January 5, 2023
Indian benchmark indices, which started with decent gains on Thursday, turned volatile as financial and IT stocks weighed while FMCG stocks lent support. The S&P BSE Sensex was down over 60 points at 60,590 levels after hitting an intra-day high of 60,877. The Nifty50 index, meanwhile, was up 5 points at the 18,048 level. Bajaj Finance was the top laggard on the Sensex index, down over 8 percent, after the consumer finance reported that assets under management (AUM) grew by 27 percent year-on-year (YoY), lower than market expectations, to Rs 2.30 trillion as of December 31, 2022. Read more

TVS Electronics up 18% on heavy volumes, hits 52-week high in weak market

TVS Electronics up 18% on heavy volumes, hits 52-week high in weak market
Wednesday, January 4, 2023
Shares of TVS Electronics hit a 52-week high of Rs 344.6, surging 18 percent on the BSE in Wednesday's intra-day trade, supported by heavy volumes in an otherwise weak market.TVS Electronics Limited (TVS-E) is a leading and one of the most prominent players in the IT peripherals and consumer electronics market. Shares of the computer hardware and equipment company surpassed the previous high of Rs 333 touched on September 2, 2022. Under the purview of the Products & Solutions Group (PSG), the company designs, manufactures, assembles, sells, and services a wide variety of products, such as dot matrix printers, thermal receipt printers, label printers, mobile printers, mechanical keyboards, membrane keyboards, mouse, barcode scanner, currency counter, surveillance camera, touch POS system, handheld device, and electronic cash register, etc. Read more

Closing Bell:Sensex 673 points, Nifty at 18042.95

Closing Bell:Sensex 673 points, Nifty at 18042.95
Wednesday, January 4, 2023
At Close, the Sensex was down 636.75 points or 1.04% at 60,657.45, and the Nifty was down 189.50 points or 1.04% at 18,043, as the Street awaited release of the minutes of the US Fed's latest meeting. Tata Motors, Power Grid, Tata Steel, HDFC twins, Infosys, Wipro, Reliance, IndusInd Bank, ITC, Nestle, and Bharti Airtel were the worst hit on the Sensex, down 1-2.5 percent. On the Nifty, JSW Steel, Hindalco, Coal India, and ONGC were the top laggards, which shed up to 4 percent. TCS, Maruti, Divis's Labs, HDFC Life, and Dr Reddy's were among the handful of stocks that held minor gains. About 1154 shares have advanced, 2230 shares declined, and 135 shares are unchanged.. All the broader market indices ended in the red. Nifty Next 50 dipped 1.04%, Nifty Midcap 50 dropped 1.10%, Nifty Large Midcap 250 plunged 1% and the Nifty Total market ended 1.06% lower. All the sectoral indices concluded in red as well. Nifty Bank fell 1.07%, Nifty IT dropped 0.98% and Nifty FMCG fell 0.66%. Read more

MARKET UPDATE: Sensex quoted at 61,100, down 194 points, while the Nifty50 dipped 55 points to trade at 18,177

MARKET UPDATE: Sensex quoted at 61,100, down 194 points, while the Nifty50 dipped 55 points to trade at 18,177
Wednesday, January 4, 2023
Indian equities started flat, but turned sharply lower, in today's ( 4 January 2023) early deals as investors await the minutes of the US Fed's latest policy meeting due later today. The S&P BSE Sensex quoted at 61,100, down 194 points or 0.32 percent, while the Nifty50 dipped 55 points, or 0.3 percent, to trade at 18,177. In the broader markets, the BSE MidCap and SmallCap indices fell up to 0.5 percent. Sector-wise, all but the pharma index was down in the dump. The Nifty Metal and Realty indices lost over 1 percent each. Read more

Granules India gains after collaboration with Greenko ZeroC

Granules India gains after collaboration with Greenko ZeroC
Tuesday, January 3, 2023
Granules India, a Hyderabad-based pharmaceutical company, gained 2.61% to Rs 328.70 on Tuesday, as it entered into a strategic partnership with Greenko ZeroC to collaborate for green molecule solutions and its wider applications in pharmaceuticals to build its position in sustainability and circular economy initiatives. Granules India and Greenko ZeroC will develop and promote a state-of-the-art integrated Green Pharmaceutical Zone (GPZ) with the first collaboration at Kakinada in Andhra Pradesh, the company said in a filing to the exchanges on Tuesday."Granules will build a green field facility based on sustainability principles for large-scale manufacturing of key starting materials (KSMs), Intermediates, APIs, and fermentation-based products. The facility spread across 100 acres, will be commissioned in a phase-wise manner. The facility would be spread across 100 acres for the project with an estimated cost of approximately Rs 2,000 crore over five years. Read more

Closing Bell:Sensex up 126.41 points, Nifty at 18232.55

Closing Bell:Sensex up 126.41 points, Nifty at 18232.55
Tuesday, January 3, 2023
At Close, the Sensex was up 126.41 points or 0.21% at 61,294.20, and the Nifty was up 35 points or 0.19% at 18,232.50, supported by strong quarterly updates posted by financial names and firm rupee movement.HDFC Life, SBI Life Insurance, Axis Bank, Titan Company, and TCS were among the top gainers on the Nifty. However, losers included Hindalco Industries, Britannia Industries, M&M, JSW Steel, and Grasim Industries. About 1998 shares have advanced, 1423 shares declined, and 130 are unchanged. Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.2 percent. India VIX, the volatility gauge, on the other hand, slipped over 2 percent. All sectors shifted between gains and losses in Tuesday's trade. Nifty Bank, Nifty Pharma, and Nifty IT indices closed in positive territory, surging up to 0.7 percent. However, Nifty Auto, Nifty Metal, Nifty FMCG, and Nifty Media indices declined up to 0.7 percent.

MARKET UPDATE: Sensex was at 61,177, up 9 points, while the Nifty50 tested 18,200 level

MARKET UPDATE: Sensex was at 61,177, up 9 points, while the Nifty50 tested 18,200 level
Tuesday, January 3, 2023
Indian benchmark indices erased early losses and were flat in today's(3 January 2023) intra-day deals. The S&P BSE Sensex was at 61,177, up 9 points, while the Nifty50 tested the 18,200 level. HDFC Life, Bajaj Finance, Axis Bank, Cipla, Tata Motors, Divis Labs, and SBI were the top Nifty50 gainers as they rose up to 3 percent. On the flip side, ONGC, JSW Steel, Tata Steel, Reliance Industries, ITC, and Bharti Airtel, which fell from 0.4 percent to 1 percent, weighed on the index. Read more

CLOSING BELL: Sensex closed 327 points higher at 61,168 and Nifty 50 closed at 18,197, up 92 points

CLOSING BELL: Sensex closed 327 points higher at 61,168 and Nifty 50 closed at 18,197, up 92 points
Monday, January 2, 2023
Closing Bell: For domestic equities, the first trading session of 2023 turned out positive as the frontline indices closed with firm gains today(2 January 2023). The BSE Sensex swung to a low of 60,765 during the day before gaining strength to close 327 points higher at 61,168. Though this was off the day's high of 61,223. The NSE Nifty touched a low of 18,086 but bounced back to close at 18,197, up 92 points. Overall, the trade was undecisive throughout the session due to a lack of global triggers with most markets being closed on account of the new year holiday. Read more

MARKET UPDATE: Sensex was up over 100 points at 60,982 levels, while the Nifty50 was near 18,150, up 42 points

MARKET UPDATE: Sensex was up over 100 points at 60,982 levels, while the Nifty50 was near 18,150, up 42 points
Monday, January 2, 2023
Indian benchmark indices, which started on a quiet note today(02 January 2023) amid thin global trade, were volatile in the trade as selling in financial services, IT, FMCG, and pharma stocks weighed, while metal stocks lent support. The S&P BSE Sensex was up over 100 points at 60,982 levels, while the Nifty50 was near 18,150, up 42 points. In the broader markets, the BSE MidCap and Smallcap indices gained 0.07 percent and 0.12 percent, respectively. The volatility index, India VIX, advanced nearly 4 percent. Read more

CLOSING BELL: Sensex ended the day with a loss of 293 points at 60,841 and the Nifty 50 settled 86 points lower on the last trading day of the year

CLOSING BELL: Sensex ended the day with a loss of 293 points at 60,841 and the Nifty 50 settled 86 points lower on the last trading day of the year
Saturday, December 31, 2022
Closing bell: After starting on an optimistic note, given the positive mood in global markets, the S&P BSE Sensex rallied to a high of 61,393 in today’s( 30 December 2922) morning trades. The benchmark index, after that, pared gains and slipped into the negative zone as the day progressed owing to weakness in index heavyweights ICICI Bank and HDFC twins. A heavy bout of selling in late trades saw the BSE index plunge to a low of 60,744 – 293 points from the day’s high. The Sensex finally ended the day with a loss of 293 points at 60,841. Despite the day’s loss, the BSE benchmark managed to gain 1.7 percent this week and also signed off the year 2022 on a winning note – 4.4 percent higher. Read more

MARKET UPDATE: Sensex rose over 150 points to trade at 61,292 levels and the Nifty50 climbed over 50 points to trade above 18,200 levels

MARKET UPDATE: Sensex rose over 150 points to trade at 61,292 levels and the Nifty50 climbed over 50 points to trade above 18,200 levels
Friday, December 30, 2022
Opening Bell: Indian markets opened higher in today's(30 December 2022) trade amid strong global cues. Key indices Nifty50 climbed over 50 points to trade above 18,200 levels, whereas the S&P BSE Sensex rose over 150 points to trade at 61,292 levels. Broader markets, too, inched higher as Nifty MidCap 100 and Nifty SmallCap 100 indices advanced up to 1 percent. Read more

CLOSING BELL: Sensex ended with a gain of 224 points at 61,134 and the Nifty 50 settled 69 points higher at 18,191

CLOSING BELL: Sensex ended with a gain of 224 points at 61,134 and the Nifty 50 settled 69 points higher at 18,191
Thursday, December 29, 2022
After languishing in the negative zone for the major part of today's(29 December 2022) trading sessions, the key benchmark indices rebounded and ended near the highs of the day led by gains in select banks and metal shares. The S&P BSE Sensex slipped to a low of 60,479 in morning deals, mirroring the weak cues from global markets. However, renewed buying interest, coupled with short-covering owing to the monthly F&O expiry saw the BSE benchmark rally to a high of 61,211 in late deals – up 732 points from the day’s low. The Sensex finally ended with a gain of 224 points at 61,134. The NSE Nifty 50 surged to a high of 18,211, from a low of 17,993, and eventually settled 69 points higher at 18,191. Read more

MARKET UPDATE: Sensex dropped over 300 points to trade at 60,608 levels and the Nifty50 declined over 50 points to trade below 18,050 levels

MARKET UPDATE: Sensex dropped over 300 points to trade at 60,608 levels and the Nifty50 declined over 50 points to trade below 18,050 levels
Thursday, December 29, 2022
Opening Bell: Indian markets opened lower in today's(29 December 2022) trade amid weak global cues. Key indices Nifty50 declined over 50 points to trade below 18,050 levels, whereas the S&P BSE Sensex dropped over 300 points to trade at 60,608 levels. Broader markets, too, lost in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.4 percent. Volatility gauge, India VIX, climbed over 1 percent. Sector-wise barring the Nifty Pharma index, which held marginal gains in a weak market, all sectors plunged into the sea of red. Read more

MARKET UPDATE: BSE benchmark hit a high of 60,834 – up 1,080 points from the day’s low and the Nifty50 rallied 310 points in intra-day trades, and settled with a gain of 208 points, reclaiming the 18,000-mark

MARKET UPDATE: BSE benchmark hit a high of 60,834 – up 1,080 points from the day’s low and the Nifty50 rallied 310 points in intra-day trades, and settled with a gain of 208 points, reclaiming the 18,000-mark
Monday, December 26, 2022
After four days of decline, the key benchmark indices bounced back in trade today led by financial and energy shares. The S&P BSE Sensex dipped to a low of 59,754 in opening deals, but soon rebounded and marched higher for most of the trading session. The BSE benchmark hit a high of 60,834 – up 1,080 points from the day’s low. Despite trimming some gains towards the fag end of the day, the Sensex finished 721 points higher at 60,566. In the process, the Sensex snapped its four-day losing streak, wherein the BSE benchmark had shed 1,961 points. The NSE Nifty 50 rallied 310 points in intra-day trades and eventually settled with a gain of 208 points, thus reclaiming the 18,000 mark. Read more

Abans Holdings makes disappointing debut; tanks 19% below its issue price

Abans Holdings makes disappointing debut; tanks 19% below its issue price
Friday, December 23, 2022
Abans Holdings made a disappointing debut on the bourses, with shares of the company sliding as much as 19 percent below its issue price of Rs 270 per share to Rs 218.65 on the BSE on Friday. The stock of the holding company is listed at par on the BSE, while opened 1 percent higher at Rs 273 on the National Stock Exchange (NSE) against its issue price. Ahead of its listing, Abans Holdings was not among the active counters in the grey market. It witnessed negligible premium in the grey market. The initial public offer (IPO) of Abans Holdings, the financial services arm of the Abans Group, received 1.10 times subscription as the issue ended on Thursday, December 15. The initial share sale got bids for 1,40,22,250 shares against 1,28,00,000 shares on offer. The company's Rs 345.6 crore IPO was sold in the range of Rs 256-270 per share Read more

Closing Bell: Sensex down 981 points, Nifty at 17806.80

Closing Bell: Sensex down 981 points, Nifty at 17806.80
Friday, December 23, 2022
At Close, the Sensex was down 980.93 points or 1.61% at 59,845.29, and the Nifty was down 320.50 points or 1.77% at 17,806.80, ended lower for the fourth consecutive session, as the Covid-19 scare in China triggered slowdown fears. Adani Ports, Adani Enterprises, Hindalco Industries, Tata Steel, and Tata Motors were among the biggest Nifty losers. About 468 shares have advanced, 3018 shares declined, and 61 are unchanged.Except Nifty Pharma index, which held marginal gains, all sectors were trading in red with the Nifty PSU Bank index tumbling nearly 6 percent Nifty Media, and Nifty Metal, falling up to 4% and the Nifty Realty index (down 3 percent). The pain was even more severe in the broader market space where the BSE MidCap and SmallCap indices fell 3 and 4 percent, respectively.

MARKET UPDATE: Sensex lowered over 300 points to trade at 60,497 levels and the Nifty50 declined over 50 points to trade below 18,050 levels

MARKET UPDATE: Sensex lowered over 300 points to trade at 60,497 levels and the Nifty50 declined over 50 points to trade below 18,050 levels
Friday, December 23, 2022
Opening Bell: Indian markets opened lower today(23 December 2022) amid weak global cues. Key indices Nifty50 declined over 50 points to trade below 18,050 levels, whereas the S&P BSE Sensex lowered over 300 points to trade at 60,497 levels. Broader markets, too, followed the trend as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 1 percent. Volatility gauge, India VIX, meanwhile, climbed over 3 percent. Read more

Closing Bell: Sensex down 241 points, Nifty at 18127.35

Closing Bell: Sensex down 241 points, Nifty at 18127.35
Thursday, December 22, 2022
At Close, Sensex closed 241.02 points lower at 60,826. Nifty ended 71.80 points lower at 18,127.30. The top gainers of the BSE Sensex were Sun Pharma (up 0.92%), UltraTech Cement (up 0.0.71%), Asian Paints (up 0.70%), Infosys (up 0.68%) and Kotak Bank (up 0.58%). In comparison, Mahindra & Mahindra (down 2.45%), Bajaj Finserv (down 2.43%), IndusInd Bank (down 2.26%), Tata Motors (down 2.08%) and Tata Steel (down 1.98%) were the top laggards. About 754 shares advanced, 2699 shares declined, and 86 were unchanged. All sectors ended the day in red, barring the Nifty IT index which ended flat. Nifty PSU Bank fell 1.23%.

MARKET UPDATE: Sensex was up 150 points at 61,200 and the Nifty50 index was below 18,250

MARKET UPDATE: Sensex was up 150 points at 61,200 and the Nifty50 index was below 18,250
Thursday, December 22, 2022
Bulls and bears were fighting on Dalal Street today (22 December 2022) as fears of a global slowdown amid Covid-19 fears in China and likely recession in the US and Europe weighed on cyclical sectors. Defensives like pharma and IT, however, lent support. sector-wise Autos, financials, metals, and realty stocks led the losses with nearly 1 percent cut each on their respective sectoral indices. The S&P BSE Sensex was up 150 points at 61,200, while the Nifty50 index was below 18,250. Read more

JK Paper multibagger stock hits record high

JK Paper multibagger stock hits record high
Wednesday, December 21, 2022
Shares of JK Paper Ltd surged to hit a record high of ₹452 apiece on the BSE in Wednesday's early trading session in an otherwise weak market. In the past four trading days, the stock price of the paper maker has rallied 10 percent. The stock has been an outperformer this year as it has given a multibagger return of over 115% in 2022.JK Paper is among the top makers of copier paper, coated paper, and packaging boards in the country. The company is consistently following a policy of focusing on value-added products like Copier, Bond, Security, Coated Papers, Virgin Fibre Packaging Boards, High-end Maplitho, Food Grade Papers, and Boards. Read more

Closing Bell: Sensex down 635 points, Nifty at 18199.10

Closing Bell: Sensex down 635 points, Nifty at 18199.10
Wednesday, December 21, 2022
At Close, the Sensex ends 635.05 points or 1.03% lower at 61067.24, and the Nifty shed 179.70 points or 0.98% at 18205.60, as weak global sentiment amid the fresh Covid-19 scare continued to haunt domestic equities. The top gainers of the BSE Sensex were Sun Pharma (up 1.73%), HCL Tech (up 0.82%), TCS (up 0.62%), Tech Mahindra (up 0.56%) and Nestle India (up 0.49%) while IndusInd Bank (down 2.37%), Bajaj Finserv (down 2.16%), Maruti (down 2.15%), UltraTech Cement (down 2.14%) and Tata Motors (down 1.88%) were the top laggards. The Pharma index advanced over 2 percent today, followed by the IT index, up 0.7 percent. On the downside, the PSU Bank and Metal indices fell over 2 percent each. The pain was more pronounced in the broader markets as the BSE MidCap and SmallCap indices dropped 1.4 percent and 2.18 percent, respectively.

MARKET UPDATE: Sensex advanced over 200 points to trade at 61,929 levels and the Nifty50 climbed over 50 points to trade above 18,450 levels

MARKET UPDATE: Sensex advanced over 200 points to trade at 61,929 levels and the Nifty50 climbed over 50 points to trade above 18,450 levels
Wednesday, December 21, 2022
Opening Bell: Indian markets opened higher in today's(21 December 2022) trade amid mixed global cues. Key indices Nifty50 climbed over 50 points to trade above 18,450 levels, whereas the S&P BSE Sensex advanced over 200 points to trade at 61,929 levels. Broader markets also climbed up in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.5 percent each. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. Read more

Dabur India stock falls 3% after promoters sell stake

Dabur India stock falls 3% after promoters sell stake
Tuesday, December 20, 2022
Shares of Dabur India dropped 3 percent to Rs 570.80 on the BSE in Tuesday's intra-day trade after promoters of the FMCG firm sold their stake in block deals today. As per reports, 1.9 crore shares changed hands at an average price of ₹571 apiece, aggregating to ₹1,089 crores. Earlier, reports said the company's promoters were looking to sell shares worth ₹800 crores via a block deal. As of September-end, the Burman family together held a 67.24% stake in Dabur NSE -1.62 % India. The public shareholders held the remaining 32.76 percent of the shares. The stock began the trading session at ₹576.10 apiece compared to the previous closing price of ₹589.05 and dipped further to hit an intraday low of ₹569.55, 3.31 percent lower. The share hit a 52-week high of Rs 610 on December 7, 2022, and a 52-week low of Rs 482.20 on June 17, 2022. Read more

Closing Bell: Sensex down 103.90 points, Nifty at 18385.30

Closing Bell: Sensex down 103.90 points, Nifty at 18385.30
Tuesday, December 20, 2022
At Close, the Sensex was down 103.90 points or 0.17% at 61,702.29, and the Nifty was down 35.20 points or 0.19% at 18,385.30. Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound, rising up to 2 percent. Eicher Motors, SBI Life, HUL, UPL, Hindalco, Tata Motors, Bharti Airtel, M&M, NTPC, L&T, and Adani Ports were the top laggards. About 1646 shares have advanced, 1780 shares declined, and 126 are unchanged. Further, the Nifty Auto, Media, and Realty indices closed 0.7 percent to 1 percent down, while the Nifty IT and Metal indices eked out gains of about 0.2 percent. In the broader markets, the BSE MidCap index ended 0.27 percent lower, while the BSE SmallCap index dipped 0.02 percent.

MARKET UPDATE: Sensex lowered over 300 points to trade at 61,502 levels and the Nifty50 declined over 50 points to trade below 18,350 levels

MARKET UPDATE: Sensex lowered over 300 points to trade at 61,502 levels and the Nifty50 declined over 50 points to trade below 18,350 levels
Tuesday, December 20, 2022
Opening Bell: Indian markets opened lower in today's( 20 December 2022) trade amid weak global cues. Key indices Nifty50 declined over 50 points to trade below 18,350 levels, whereas the S&P BSE Sensex lowered over 300 points to trade at 61,502 levels. Broader markets, also, edged lower as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.2 percent. Volatility gauge, India VIX, meanwhile, climbed over 1 percent. sector wise all sectors were in red, with Nifty IT and Nifty PSU Bank indices declining the most, up to 0.6 percent. Read more

Dr Reddy's completes phase 1 study of proposed biosimilar used for arthritis

Dr Reddy's completes phase 1 study of proposed biosimilar used for arthritis
Monday, December 19, 2022
Dr. Reddy's Laboratories rose 2.5% to Rs 4,408 after the pharmaceutical company said that its tocilizumab biosimilar candidate, DRL_TC has completed its primary and secondary endpoints in a Phase 1 study. This Phase I study used a subcutaneous formulation to evaluate the pharmacokinetic equivalence, safety, and immunogenicity of the company's Tocilizumab biosimilar candidate in comparison to reference products, it added.“The Phase 1 study entitled ‘A Single Dose, Double-Blind, Two-Period, Crossover, Comparative Pharmacokinetic Study of Three Tocilizumab Products Administered by the Subcutaneous Route to Normal Healthy Volunteers’ met all primary and secondary endpoints."The successful outcome of this study represents an important milestone in Dr Reddy's commitment to making high-quality biosimilar products more accessible and affordable to healthcare providers and patients around the world," the company said. Read more

Closing Bell: Sensex up 468 points, Nifty at 18420.45

Closing Bell: Sensex up 468 points, Nifty at 18420.45
Monday, December 19, 2022
At Close, the Sensex was up 468.38 points or 0.76% at 61,806.19, and the Nifty was up 151.50 points or 0.83% at 18,420.50,as investors looked past interest rate hike trajectory of global central banks. Adani Ports, Adani Enterprises, M&M, Eicher Motors, Power Grid, Bajaj Auto, Bajaj Finserv, Hero MotoCorp, Bharti Airtel, Dr Reddy's Labs, Britannia, HUL, Nestle India, Adani Enterprises, ITC, and HDFC were the top gainers. On the downside, TCS, Infosys, Tata Motors, ONGC, Sun Pharma, and IndusInd Bank were the top losers. About 2071 shares have advanced, 1436 shares declined, and 155 are unchanged. Nifty Auto, Metal, and FMCG were the biggest sectoral gainers, adding 1.59% to 1%. The Nifty IT index was the most downbeat sector as it dipped 0.5 percent. In the broader markets, the Nifty MidCap and SmallCap indices added around 0.5 percent each

MARKET UPDATE: Sensex advanced over 250 points to trade at 61,592 levels and the Nifty50 climbed over 50 points to trade above 18,300 level

MARKET UPDATE: Sensex advanced over 250 points to trade at 61,592 levels and the Nifty50 climbed over 50 points to trade above 18,300 level
Monday, December 19, 2022
Indian markets inched higher in today's( 19 December 2022) intra-day trade, supported by gains across index-heavyweights like ITC, Hindustan Unilever, Bajaj Twins, Maruti Suzuki, and Bharti Airtel. Key indices Nifty50 climbed over 50 points to trade above 18,300 levels, whereas the S&P BSE Sensex advanced over 250 points to trade at 61,592 levels. Broader markets were mixed as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. Sectorwise, Nifty PSU Bank, Nifty IT, and Nifty Pharma indices were muted in trade. However, Nifty FMCG and Nifty Media indices gained up to 0.8 percent. Read more

Mahindra CIE surges 16% in two days, hits 52-week high on plans to acquire 27% stake in Strongsun Solar

Mahindra CIE surges 16% in two days, hits 52-week high on plans to acquire 27% stake in Strongsun Solar
Friday, December 16, 2022
Shares of Mahindra CIE Automotive hit a 52-week high of Rs 333.90 as they rallied 6 percent on the BSE in Friday's intra-day trade despite overall market weakness. In the past two trading days, the stock of the auto components & equipment company has surged 16 percent after the board reviewed future plans of the company's German forging operations. Mahindra CIE has subscribed to 303,250 equity shares of the company which will be allotted on or before 5th January 2023. After the allotment, Mahindra CIE will hold a 27 percent stake in Strongsun. The stock has shown a growth of nearly 50 percent in the last six months. In the past year, it has given a positive return of over 25 percent. In the last five years, the stock has gained almost 26 percent.“Strongsun is setting up two captive generating plants of the capacity of 7 MWp and 3 MWp to supply captive solar power from these plants to Mahindra CIE Automotive foundry division at urse (7 MWp) and magnetics products division at Bhosari Read more

Closing bell: Sensex down 461 points, Nifty at 18269.00

Closing bell: Sensex down 461 points, Nifty at 18269.00
Friday, December 16, 2022
At Close, the Sensex was down 461.22 points or 0.75% at 61,337.81, and the Nifty was down 145.90 points or 0.79% at 18,269. Dr Reddy's Labs, M&M, Asian Paints, SBI, TCS, Titan, Power Grid, and Ultratech Cement fell the most among the 27 losers within the Sensex pack. Adani Ports, BPCL, Bajaj Auto, and Hero MotoCorp were the additional laggards on the Nifty. Tata Motors, HDFC Bank, HUL, and Tata Steel were the only large-cap gainers on the benchmark indices. About 1391 shares have advanced, 2026 shares declined, and 125 are unchanged. Meanwhile, in the broader markets, the BSE MidCap index dropped 1.4 percent, while the BSE SmallCap index dipped 0.9 percent. Among sectors, the Nifty PSU Bank index sunk the most, down nearly 3 percent. This was followed by losses in the Nifty Realty, Pharma, and Media indices, down over 1 percent each.

MARKET UPDATE: Sensex lowered over 300 points to trade at 61,480 levels and the Nifty50 declined over 50 points to trade below 18,350 levels

MARKET UPDATE: Sensex lowered over 300 points to trade at 61,480 levels and the Nifty50 declined over 50 points to trade below 18,350 levels
Friday, December 16, 2022
Opening Bell: Indian markets opened lower in today's (16 December 2022) trade amid weak global cues and subdued foreign flows. Key indices Nifty50 declined over 50 points to trade below 18,350 levels, whereas the S&P BSE Sensex lowered over 300 points to trade at 61,480 levels. Broader markets, too, followed the Nifty MidCap 100 and Nifty SmallCap 100 indices and fell up to 0.5 percent. Volatility gauge, India VIX, meanwhile, shot over 1 percent. Sectorwise all sectors were in the sea of red, with the Nifty IT index declining over 1 percent in trade. Among individual stocks, shares of Reliance Industries gained over 1 percent after the conglomerate's retail arm launched the FMCG brand 'Independence' in Gujarat. In addition, shares of Asian Paints declined over 1 percent after prices of Brent Crude climbed to $82 per barrel.

YES Bank up 20% in 2 days on RBI nod to proceed with Carlyle, Verventa deal

YES Bank up 20% in 2 days on RBI nod to proceed with Carlyle, Verventa deal
Monday, December 12, 2022
Shares of YES Bank jumped 7 percent to Rs 21.10 to hit a 29-month high on the BSE in Monday’s intra-day trade on the back of heavy volumes while surging 19.7 percent over two sessions of trade. YES Bank stock has been rising since Friday when the bank received approval from the RBI to raise fresh capital from Verventa Holdings and Carlyle Group, an affiliate of funds managed by Advent International. The RBI gave approval to each investor with respect to the proposed acquisition by each of them up to 9.99 percent of paid-up share capital of the bank through subscription to equity shares and share warrants of the Bank vide separate letters dated November 30, 2022. This fundamentally strong news is expected to improve the asset quality of the bank, which has attracted attraction of market bulls." Read more

Closing Bell: Sensex ends flat at 18497.15, Nifty at

Closing Bell: Sensex ends flat at 18497.15, Nifty at
Monday, December 12, 2022
At Close, the Sensex was down 51.10 points or 0.08% at 62,130.57, and the Nifty was up 0.60 points at 18,497.20,.The broader markets shifted from losses to gains intraday, while the sectoral indices traded between green and Asian Paints, Infosys, Eicher Motors, Titan Company, and Kotak Mahindra Bank were among the top Nifty losers. At the same time, gainers were BPCL, Divis Laboratories, Coal India, Apollo Hospitals, and UPL. About 1787 shares have advanced, 1688 shares declined, and 194 are unchanged. The Nifty IT index dropped 0.4% in trade, while the Nifty PSU Bank rose 1.4%, and oil & gas indices were up 1 percent. In the broader markets, the BSE MidCap and SmallCap indices gained 0.3 percent and 0.36 percent, respectively.

Closing Bell:Sensex down 389 points, Nifty at 18496.60

Closing Bell:Sensex down 389 points, Nifty at 18496.60
Friday, December 9, 2022
At Close, the Sensex was down 389.01 points or 0.62% at 62,181.67, and the Nifty was down 112.70 points or 0.61% at 18,496.60.HCL Technologies, Tech Mahindra, Infosys, Wipro, and Hindalco Industries were among the top Nifty losers, while Nestle India, Sun Pharma, Dr Reddy’s Laboratories, Titan Company, and Eicher Motors were the gainers. About 1199 shares have advanced, 2220 shares declined, and 113 shares are unchanged. Sectorally, defensive indices like the Nifty FMCG and Pharma held gains as they rose 0.8 percent and 0.4 percent. On the downside, the Nifty IT index crashed by 3.16 percent. The Nifty PSU Bank and Realty indices were other top laggards which tumbled 1.7 percent and 1.5 percent, metal index was down 1 percent. In the broader markets, the MidCap and SmallCap indices shed 0.45 percent and 1 percent, respectively.

Sun Pharma down 4 percent as USFDA issues import alert on Halol facility

Sun Pharma down 4 percent as USFDA issues import alert on Halol facility
Thursday, December 8, 2022
Shares of Sun Pharmaceutical Industries slipped 4 percent to Rs 975 on the BSE in Thursday’s intra-day after the company said that the US health regulator had put its manufacturing facility at Halol under import alert. “This is with respect to our communication dated May 10, 2022, and August 13, 2022, regarding the USFDA inspection at the Company’s Halol (Gujarat) facility from April 26 to May 9, 2022. We now wish to inform you that the Company has received a communication from the USFDA stating that the facility has been listed under Import Alert," Sun Pharma said in a regulatory filing.The 'Import Alert' implies that all future shipments of products manufactured at this facility are subject to refusal of admission to the US market until the facility becomes compliant with CGMP (Current Good Manufacturing Practice) standards. The USFDA has excluded 14 products from the restriction, the company said. Read more

Closing Bell: Sensex gains 160 points, Nifty at 18609.35

Closing Bell: Sensex gains 160 points, Nifty at 18609.35
Thursday, December 8, 2022
At Close, the Sensex was up 160 points or 0.26% at 62,570.68, and the Nifty was up 48.80 points or 0.26% at 18,609.30. The top gainers were Axis Bank (up 1.94%), IndusInd Bank (up 1.80%), Eicher Motors (up 1.69%), and L&T (up 1.58%). The top losers were Sun Pharma (down 3.76%), Power Grid (down 1.56%), and Kotak Bank (down 1.12%). About 1808 shares have advanced, 1587 shares declined, and 122 are unchanged. Among sectors, the Nifty PSU Bank index gained 4 percent, and bank, and Capital goods indices up 1 percent each. On the downside, the Nifty Pharma index slipped over 1 percent, while the Nifty Realty and power dipped 0.7 percent. BSE midcap and smallcap indices rose 0.3-0.4 percent.

MARKET UPDATE: Sensex fell 50 points to 62,364, and the Niftyslipped 11 points to 18,550

MARKET UPDATE: Sensex fell 50 points to 62,364, and the Niftyslipped 11 points to 18,550
Thursday, December 8, 2022
Opening bell: Indian equity markets opened nearly flat with a fractional downtick today(8 December 2022), tracking mixed global cues. The BSE Sensex fell 50 points to 62,364, and the NSE Nifty50 slipped 11 points to 18,550. Kotak Bank, Power Grid, Bharti Airtel, and TCS were the top laggards on the Sensex, down up to 1 percent, while SBI Life and HDFC Life were the additional top losers on the Nifty. On the downside, IndusInd Bank, ICICI Bank, L&T, Bajaj Finserv, M&M, Tata Steel, Eicher Motors, and Adani Ports were the leading gainers across the two indices. Read more

HDFC AMC gains 4.6% as promoter abrdn plans to sell entire 10.2% stake

HDFC AMC gains 4.6% as promoter abrdn plans to sell entire 10.2% stake
Wednesday, December 7, 2022
Shares of HDFC Asset Management Co Ltd. (HDFC AMC) jumped as much as 4.6 percent to Rs. 2295 in intra-day trade on Wednesday after the company announced that one of its promoters plans to sell its entire stake in the firm. The company is in receipt of a letter from abrdn Investment Management, one of the promoters holding 10.21 percent of the paid-up share capital of the company, intimating their intention to sell the entire stake in the Company subject to applicable regulatory provisions," HDFC AMC said. Consequent to the stake sale, the investment firm, and promoter abrdn Investment Management will cease to be a co-sponsor of HDFC Mutual Fund, the company said in a BSE filing. Of the 10.21 percent stake, abrdn Investment is looking to place up to 2,11,18,578 shares, amounting to 9.9 percent with a single buyer, and the rest being sold separately. Read more

Closing Bell:, Sensex falls 216 points, Nifty at 18560.50

Closing Bell:, Sensex falls 216 points, Nifty at 18560.50
Wednesday, December 7, 2022
At Close, the Sensex was down 215.68 points or 0.34% at 62,410.68, and the Nifty was down 82.30 points or 0.44% at 18,560.50.HCL Tech, Wipro, NTPC, TCS, Tech M, and Kotak Bank were the top Sensex laggards, down up to 0.7%, while ONGC was the top Nifty loser. On the flip side, Asian Paints, L&T, ICICI Bank, SBI, Ultratech Cement, Sun Pharma, Cipla, and BPCL were the top gainers across the two frontline indices. About 1464 shares have advanced, 1928 shares declined, and 140 are unchanged. Sectorally, the Nifty FMCG index settled 0.96 percent higher, and the Nifty PSU Bank index, too, ended higher. Power, metal, and realty indices are down 1 percent each. In the broader market, the BSE MidCap and SmallCap indices fell in tandem with the frontline indices and slipped about 0.4 percent each.

MARKET UPDATE: Sensex fell 30 points to 62,592, and the Nifty slipped 12 points to 18,630

MARKET UPDATE: Sensex fell 30 points to 62,592, and the Nifty slipped 12 points to 18,630
Wednesday, December 7, 2022
Opening bell: Equity markets in India opened nearly unchanged today (7 December 2022) as investors remained cautious ahead of the Reserve Bank of India's monetary policy decision. The BSE Sensex fell 30 points to 62,592, and the NSE Nifty50 slipped 12 points to 18,630. HCL Tech, Wipro, NTPC, TCS, Tech M, and Kotak Bank were the top laggards on the Sensex, down up to 0.7 percent, while ONGC was the top Nifty loser. On the downside, Asian Paints, L&T, ICICI Bank, SBI, Ultratech Cement, Sun Pharma, Cipla, and BPCL were the top gainers across the two indices. The broader markets, meanwhile, outweighed the frontline indices. The BSE MidCap and SmallCap indices rose up to 0.2 percent.

ION exchange gains 6 percent on securing IOCL order

ION exchange gains 6 percent on securing IOCL order
Tuesday, December 6, 2022
Shares of Ion Exchange (India) hit a new high of Rs 2,983, up 3 percent on the BSE in Tuesday’s intra-day, surging 8 percent in past two days after the company announced securing a contract worth Rs 343.36 crore from Indian Oil Corporation (IOCL) for designing, engineering, manufacturing, supply, erection, testing, pre-commissioning, commissioning, performance guarantee test run and operation & maintenance for five years of zero liquid discharge plant at the Panipat refinery. In the last four months, the stock price of Ion Exchange has nearly doubled from its 52-week low of ₹1,500.70 on July 29, 2022, while it has surged 59% in the past year, as compared to a 10% rise in the S&P BSE Sensex. The stock has risen 53% in the six-month period, whereas it gained nearly 36% in a month. Read more

Closing Bell: Sensex down 208 points, Nifty at 18642.75

Closing Bell: Sensex down 208 points, Nifty at 18642.75
Tuesday, December 6, 2022
At Close, the Sensex was down 208.24 points or 0.33% at 62,626.36, and the Nifty was down 58.20 points or 0.31% at 18,642.80. Tata Steel, HCL Tech, Infosys, TCS, and Nestle led losses on the Sensex, while Hindalco was the top Nifty loser of the day. On the flip side, Hindustan Unilever, Axis Bank, Powergrid, Bajaj Finance, HDFC, and L&T were the top outperformers across the two indices. About 1565 shares have advanced, 1825 shares declined, and 135 are unchanged. The broader markets, too, fell in tandem with the benchmarks with the BSE MidCap and SmallCap indices dropping 0.53 percent and 0.32 percent, respectively. Among sectors, the Nifty IT index fell 1.5 percent, while the Nifty PSU Bank index gained 1.2 percent.

MARKET UPDATE: Sensex fell 300 points to 62,542, and the Nifty slipped 80 points to 18,619

MARKET UPDATE: Sensex fell 300 points to 62,542, and the Nifty slipped 80 points to 18,619
Tuesday, December 6, 2022
The Indian frontline indices held early losses today(6 December 2022) after global stocks declined as a hotter-than-expected US services activity raised bets for continued rate hikes by the Federal Reserve. The BSE Sensex fell 300 points to 62,542, and the NSE Nifty50 slipped 80 points to 18,619. The broader markets, too, opened weakly. The BSE MidCap was down 0.16 percent, and the SmallCap index was flat. Sectorwise, Nifty IT slipped the most with a loss of 0.9 percent, followed by the metal index, while the PSB pocket was the sole winner, up 0.8 percent. Among stocks, IRB Infrastructure Developers rose over 3 percent after its yearly toll collections came 39 percent higher at Rs 366 crore.

Mahindra Finance touchs 52 week high on healthy disbursements in Nov

Mahindra Finance touchs 52 week high on healthy disbursements in Nov
Monday, December 5, 2022
Mahindra & Mahindra (M&M) Financial Services' share price touched a fresh 52-week high of Rs 243.60 apiece, after surging by around 6.5 percent on the BSE intraday during Monday’s trading session after the company announced it recorded a disbursement of approximately Rs 4,500 crore in November 2022, delivering a 75 percent year on year (YoY) growth, on the backdrop of positive macro environment. The stock of M&M Group’s financial arm breached its earlier high of Rs 235, hit on September 15, 2022. The financial company's year-to-date (YTD) disbursement stood at approximately Rs 31,050 crore, registering a YoY growth of 99 percent. Healthy disbursement trends have led to a strong gross asset book of approximately Rs 76,300 crore, growing around 3.4 percent over September 2022. . This has resulted in a growth of 17.5% versus March 2022. Read more

Closing Bell: Sensex ends flat at 62834.60, Nifty at 18701.05

Closing Bell: Sensex ends flat at 62834.60, Nifty at 18701.05
Monday, December 5, 2022
At Close, the Sensex was down 33.90 points or 0.05% at 62,834.60, and the Nifty up 4.90 points or 0.03% at 18,701, as investors awaited outcomes of the Reserve Bank of India's monetary policy meeting, and Assembly elections of Gujarat and Himachal Pradesh, due later this week. Tata Steel, NTPC, SBI, IndusInd Bank, and Power Grid were the top Sensex gainers, while RIL. Tech M, Dr. Reddy's Labs, Bharti Airtel, Axis Bank, and TCS were the top laggards. About 2080 shares have advanced, 1401 shares declined, and 191 are unchanged. Sectorally, the Nifty Metal index gained nearly 2 percent. Nifty PSU Banks soared in trade, gaining over 1.2% intraday while Nifty IT and Nifty Auto was the biggest sectoral laggards. The NSE Nifty MidCap 100 closed up 0.23%, while the Nifty SmallCap 100 index ended up 0.43%. Nifty PSU Banks soared in trade, gaining over 1.2% intraday while Nifty IT and Nifty Auto was the biggest sectoral laggards.

MARKET UPDATE: Sensex fell 200 points to 62,643, and the Nifty slipped 60 points to 18,630

MARKET UPDATE: Sensex fell 200 points to 62,643, and the Nifty slipped 60 points to 18,630
Monday, December 5, 2022
The Indian equities traded with nominal losses today( 5 December 2022), underperforming other Asian markets that gained on hopes of ease in China's Covid-19 restrictions. The BSE Sensex fell 200 points to 62,643, and the NSE Nifty50 slipped 60 points to 18,630. HDFC, HUL, Asian Paints, Nestle, Power Grid, M&M, and TCS were the top laggards on the Sensex, down up to 1 percent, while SBI Life and Hero Moto were the additional Nifty losers. On the downside, Tata Steel, IndusInd Bank, SBI, ICICI Bank, NTPC, Hindalco, JSW Steel, and UPL were the top outperformers across the two frontline indices. Read more

Paytm stock gains after management's strong commentary on growth, profitability

Paytm stock gains after management's strong commentary on growth, profitability
Friday, December 2, 2022
Shares of One97 Communications, the parent company of Paytm, on Friday, zoomed more than 7 percent to Rs 543.45 as Dalal Street turned optimistic after the management's strong commentary on growth and profitability.“Management stated that the journey to attain operating profitability (EBITDA before ESOP cost) via consistent margin improvement has exceeded its expectations in the past few quarters,” ICICI Securities, which attended the company’s analyst day meet, said in a note. Meanwhile, the company on Thursday (1 December 2022) informed that at present it makes a net payment margin of 7 to 9 bps of GMV on processing. Of which UPI gives us 3 to 4 bps and other instruments give 15 to 18 bps. "Since UPI is growing faster than other instruments, we expect the blended margin to stabilize at 5 to 7 bps," the company said. Read more

Closing Bell: Sensex falls 415 points, Nifty at 18696.10

Closing Bell: Sensex falls 415 points, Nifty at 18696.10
Friday, December 2, 2022
At Close, the Sensex was down 415.69 points or 0.66% at 62,868.50, and the Nifty was down 116.40 points or 0.62% at 18,696.10, as investors preferred to take home some profits ahead of the weekend and upcoming RBI policy next week. Eicher Motors, M&M, Tata Consumer Products, HUL, and Hero MotoCorp were among the top Nifty losers. The gainers were Apollo Hospitals, Grasim Industries, Tech Mahindra, Tata Steel, and Dr. Reddy’s Laboratories. About 1995 shares have advanced, 1376 shares declined, and 137 are unchanged. The broader markets ended on a mixed note, but the Nifty Midcap closed 0.88% and Nifty Smallcap indices ended 0.6% up. All of Nifty’s sectoral indices shifted between gains and losses. Nifty Oil & Gas ended flat, while Nifty Realty and Nifty Media were the day’s top gainers. Nifty Auto and Nifty FMCG were the biggest laggards.

MARKET UPDATE: Sensex fell 200 points to 62,934, and the NSE Nifty50 slipped 95 points to 18,716

MARKET UPDATE: Sensex fell 200 points to 62,934, and the NSE Nifty50 slipped 95 points to 18,716
Friday, December 2, 2022
The Indian equities held losses in today's(December 2022) trade following a weak open in line with falling global markets. The BSE Sensex fell 200 points to 62,934, and the NSE Nifty50 slipped 95 points to 18,716. Maruti, Ultratech Cement, HDFC, Power Grid, TCS, ICICI Bank, and HUL led losses on the Sensex, down up to 1.6 percent, while Eicher Motors and Divi's Labs were the top additional drags on the Nifty, up to 2 percent lower. On the flip side, IndusInd Bank, RIL, ONGC, Hindalco, BPCL, Tata Steel, and Dr. Reddy were the handful of gainers across the two benchmark indices. Read more

Closing Bell: Sensex gains 184.54 points, Nifty at 18812.50

Closing Bell: Sensex gains 184.54 points, Nifty at 18812.50
Thursday, December 1, 2022
At close, Sensex was up 184.54 points or 0.29% at 63,284.19, and the Nifty was up 54.20 points or 0.29% at 18,812.50, for the eight straight days in spite of some volatility owing to the weekly Nifty options expiry.UltraTech Cement, Tata Steel, Hindalco Industries, TCS, and Grasim Industries were among the top Nifty gainers. The losers included ICICI Bank, Eicher Motors, UPL, Cipla, and Bajaj Auto. About 1985 shares have advanced, 1394 shares declined, and 141 are unchanged. Bank Nifty hit a record high intraday as well, at 43,515, before closing at 43,353. The broader indices ended in the green, with Nifty Midcap up 0.83% and the Nifty Smallcap up 0.61%. The Nifty IT index soared 2.42%, with TechM, Coforge, and L&T Technology Services leading the gains. The BSE midcap and smallcap index added 0.6 percent each.

MARKET UPDATE: Sensex rose over 350 points to 63,500, and the Nifty gained nearly 100 points to 18,850

MARKET UPDATE: Sensex rose over 350 points to 63,500, and the Nifty gained nearly 100 points to 18,850
Thursday, December 1, 2022
Opening bell: Positive start was observed in Dalal Street today(1 December 2022) led by upbeat global market sentiment following US Fed Chair Powell's remarks that the central bank could begin undertaking smaller rate hikes from December. The BSE Sensex rose over 350 points to 63,500, and the NSE Nifty50 gained nearly 100 points to 18,850. The IT pack led gains on the Sensex with Tech M, Infosys, Wipro, HCL Tech, and TCS rising 1-2 percent. On the downside, Asian Paints, HUL, Maruti, and M&M were the handful of losers, down up to 0.4 percent. Read more

Gland pharma enters into agreement with Cenexi

Gland pharma enters into agreement with Cenexi
Wednesday, November 30, 2022
Shares of Gland Pharma slipped 5 percent to Rs 1,787.55 on the BSE in Wednesday's intra-day trade after the company entered into a Put Option Agreement to acquire 100 percent of Cenexi Group for an equity value not exceeding Euro 120 million (Enterprise Value of Euro 230 million). The acquisition would provide the company with the technical know-how in sterile forms, including ophthalmic gel, needleless injectors, and hormones said, analysts. As the acquisition fulfills the need for a local presence to gain business in European markets, it is looked at in a positive light by analysts. The acquisition will be funded through internal accruals. Commenting on the deal, Srinivas Sadu, Managing Director and CEO of Gland Pharma, said during an analyst call earlier in the day: “Thanks to this deal, Gland would become one of the largest players in the CDMO space. This acquisition will not only help expand footprint but also accelerate product portfolio in the European market. Read more

Closing Bell:Sensex gains 417.81 points, Nifty at 18758.35

Closing Bell:Sensex gains 417.81 points, Nifty at 18758.35
Wednesday, November 30, 2022
At Close, the Sensex was up 417.81 points or 0.67% at 63,099.65, and the Nifty was up 140.30 points or 0.75% at 18,758.30, for the seventh consecutive session on November 30. Mahindra & Mahindra, UltraTech Cement, Hindustan Unilever, and PowerGrid Corporation were the top gainers in the Sensex pack. Bharti Airtel, Tata Steel, Titan, Asian Paints, and Kotak Bank also finished with smart gains. On the flip side, IndusInd Bank and SBI were down around a percent each. About 1992 shares have advanced, 1395 shares declined, and 104 are unchanged. The broader markets also closed in the green, as Nifty Smallcap 100 was up 0.6% and the Nifty Midcap 100 ended 1% higher. All sectoral indices ended positively, barring Nifty PSU Bank which was 1.23% down. The BSE Midcap index jumped over a percent, while the Smallcap index added 0.6 percent.

MARKET UPDATE: Sensex added 26 points to quote at 62,708 levels and Nifty started around 18,640 levels, up 22 points

MARKET UPDATE: Sensex added 26 points to quote at 62,708 levels and Nifty started around 18,640 levels, up 22 points
Wednesday, November 30, 2022
Opening bell: Today(30 November 2022) Indian equity markets sow a muted start led by a quiet global mood. The S&P BSE Sensex added 26 points to quote at 62,708 levels in early deals, while the Nifty50 index started around 18,640 levels, up 22 points. In the broader markets, the BSE MidCap and SmallCap indices gained 0.32 percent, and 0.4 percent, respectively. sector-wise, all but the Nifty IT was in green. While the index slipped 0.12 percent, the Nifty Metal index rose 0.7 percent, followed by the Nifty Bank, Auto, Financial Services, and Pharma indices, all up 0.4 percent each. Read more

Laurus Labs hits 52-week low on margin concerns

Laurus Labs hits 52-week low on margin concerns
Tuesday, November 29, 2022
Shares of Laurus Labs hit a 52-week low at Rs 415 as they slipped 8 percent on the BSE in Tuesday’s intra-day trade in an otherwise firm market on margin concerns and after Kotak Institutional Equities assigned a sell call to the pharma firm with a target of Rs 350. The market cap of the pharma firm fell to Rs 22,504 crore on BSE. A total of 3.67 lakh shares of the firm changed hands amounting to a turnover of Rs 15.56 crore on BSE. Citing that Laurus Labs has witnessed severe pricing pressure and lower volumes in its ARV formulations portfolio for five quarters now, resulting in significant pressure on core margins, the research firm Kotak Institutional Equities downgraded Laurus to sell with a target price of Rs 350, which shows a downside potential of 17% from the current market price of Rs 418. Read more

Closing Bell: Sensex gains 177 points, Nifty at 18618.05

Closing Bell: Sensex gains 177 points, Nifty at 18618.05
Tuesday, November 29, 2022
At Close, the Sensex was up 177.04 points or 0.28% at 62,681.84, and the Nifty was up 55.20 points or 0.30% at 18,618, for the sixth straight trading session, with FMCG, select IT, and pharma stocks taking the lead in trades on Tuesday. Hindustan Unilever, Sun Pharma, Nestle, ICICI Bank, Dr Reddy, and Tata Steel lead the BSE Sensex rally, while IndusInd Bank, Bajaj Finserv, Maruti, Powergrid, Asian Paints, and Larsen & Toubro anchored the gains. About 1653 shares have advanced, 1717 shares declined, and 147 are unchanged. The NSE Midcap and Smallcap were down 0.5 percent each. Sectorally, the gains were led by Nifty FMCG and Nifty Metal which outshined the other indices. FMCG, Pharma, and Metal indices rose 0.5-1 percent least performing among the lot were Nifty Auto, Nifty Oil & gas, and Nifty Realty.

MARKET UPDATE: Sensex rose over 200 points to its new high for a fourth day at 62,724 and Nifty gained 70 points to 18,631, its fresh high for a second session

MARKET UPDATE: Sensex rose over 200 points to its new high for a fourth day at 62,724 and Nifty gained 70 points to 18,631, its fresh high for a second session
Tuesday, November 29, 2022
Extending early gains, the BSE Sensex rose over 200 points to its new high for the fourth day at 62,724, and the NSE Nifty50 gained 70 points to 18,631, its fresh high for a second session. Titan, ITC, M&M, ICICI Bank, Sun Pharma, and Dr Reddy's were the top winners on the Sensex, up to 1 percent higher, while Hindalco, Britannia, and Cipla were the top Nifty gainers. On the downside, Maruti, Tata Motors, Bajaj Finserv, IndusInd Bank, L&T, Wipro, and Reliance were the leading losers across the two benchmarks. Read more

Closing Bell: Sensex gains 211 points, Nifty at 18562.75

Closing Bell: Sensex gains 211 points, Nifty at 18562.75
Monday, November 28, 2022
At Close, the Sensex was up 211.16 points or 0.34% at 62,504.80, and the Nifty was up 50 points or 0.27% at 18,562.80. Reliance Industries and BPCL shares were the top Sensex gainers. Nestle India, Asian Paints, Bajaj Finserv, and ICICI Bank were the notable gainers among the Sensex 30 shares. On the flip side, Tata Steel, HDFC Bank, and Bharti Airtel slipped over a percent each.About 2024 shares have advanced, 1458 shares declined, and 185 are unchanged. The broader market was trading in the green while Nifty’s sectoral indices shifted between gains to losses. Nifty Metal was the biggest loser, ending down 1.19% while Nifty Oil & Gas rose 1.36%. The volatility gauge, India VIX, ended up 1.2% at 13.49.BSE Midcap and Smallcap indices added 0.7 percent each.

MARKET UPDATE: Sensex fell 130 points to 62,161 and Nifty slipped 30 points to 18,480

MARKET UPDATE: Sensex fell 130 points to 62,161 and Nifty slipped 30 points to 18,480
Monday, November 28, 2022
Opening bell: The key benchmark indices turned flat after a lower start today (28 November 2022) as select heavyweights lent support. The BSE Sensex fell 130 points to 62,161 and the NSE Nifty50 slipped 30 points to 18,480. HDFC twins, TCS, IndusInd Bank, Titan, and Infosys were the top laggards on the Sensex, while M&M, Wipro, Maruti, and Reliance were the leading outperformers, rising up to 1 percent. On the Nifty, Hero Moto, BPCL, Bajaj Auto, and SBI Life were the top winners, up to 3 percent higher, while Hindalco, JSW Steel, and Apollo Hospitals slipped up to 2 percent. Read more

PNB shares gains 8 percent on govt's nod to divest stake in UTI AMC

PNB shares gains 8 percent on govt's nod to divest stake in UTI AMC
Friday, November 25, 2022
Shares of Punjab National Bank the country’s second-largest public sector bank surged 8 percent to hit a 21-month high of Rs 54.90 per share in Friday’s intra-day trade after the state-owned lender received the government’s approval to divest its entire stake in UTI Asset Management Company (AMC). PNB owned a 15.22 percent stake in UTI Asset Management Company as of September 30. That stake is valued at Rs 1,394.52 crore today, following a 7.36 percent rise in the AMC stock. The AMC stock hit a high of Rs 740.15 on BSE today. "The Exchange is hereby informed that the Bank has received approval of DIPAM, Ministry of Finance, Government of India for divestment of Bank's entire/part stake in UTI Asset Management Company Limited in single or multiple tranches subject to compliance of SEBI Regulations/other applicable regulatory guidelines," the bank said in a regulatory filing. The timeline for making the divestment is yet to be finalized, the bank said. Read more

Closing Bell: Sensex up 21 points, Nifty at 18512.75

Closing Bell: Sensex up 21 points, Nifty at 18512.75
Friday, November 25, 2022
At Close, the Sensex was up 20.96 points or 0.03% at 62,293.64, and the Nifty was up 28.70 points or 0.16% at 18,512.80, amid weak Asian markets and mixed global cues. Coal India, Tata Motors, HDFC Life, RIL, and Hero MotoCorp were among the major gainers on the Nifty, while Britannia, Titan, Kotak Bank, Nestle India, and ICICI bank were the laggards. About 2029 shares have advanced, 1361 shares declined, and 126 are unchanged. In the broader market, the BSE MidCap and SmallCap indices rallied 0.77 percent, and 0.67 percent, respectively. All sectors shifted between gains and losses. The nifty Media index gained the most, the Nifty Realty index added 1.2 percent, and auto, metal, and pharma indices up 0.5 percent each. whereas Nifty Bank, Nifty FMCG, and Nifty Financial Services indices declined the most. The nifty FMCG index fell 0.3 percent.

Paytm's 75% share slump is world's worst for large IPOs in a decade

Paytm's 75% share slump is world's worst for large IPOs in a decade
Thursday, November 24, 2022
One 97 Communications Ltd., the operator of India's largest digital-payments provider known Paytm, has capped the worst first-year share plunge among large IPOs over the past decade -- and the pain is worsening. The stock saw a fresh bout of selling recently after Macquarie said Jio Financial Services could be a formidable threat to fintech like Paytm. The company, whose founder compared its challenges to those faced by Tesla Inc. shortly after the listing, has seen its stock erase 75% of its market value one year after its $2.4 billion offering, the largest on record at the time in India. The dive is the steepest first-year slide globally among IPOs that raised at least the same amount since Spain’s Bankia SA’s 82% drop in 2012, data compiled by Bloomberg show. Read more

Closing Bell: Sensex up 762.10 points, Nifty at 18484.10

Closing Bell: Sensex up 762.10 points, Nifty at 18484.10
Thursday, November 24, 2022
At Close, the Sensex was up 762.10 points or 1.24% at 62,272.68, and the Nifty was up 216.80 points or 1.19% at 18,484.10, as the Federal Reserve said that the central bank is seeing progress in its fight against high inflation and is looking to slow the pace of rate hikes, cheered market bulls. The top Sensex winners were Infosys, Power Grid, Wipro, Tech M, HCL Tech, TCS, HDFC, Sun Pharma, HUL, and M&M. On the downside, Kotak Bank, Bajaj Finance, Bajaj Finserv, and Tata Steel were the losers. About 1886 shares have advanced, 1494 shares declined, and 133 are unchanged. In the broader markets, the BSE MidCap and SmallCap indices added 0.5 percent, and 0.4 percent, respectively. Among sectors, the Nifty IT index jumped 2.6 percent, while the Nifty FMCG and Financial Services index gained a little over 1 percent. The Nifty Bank index, which settled 0.8 percent higher, had hit a record high of 43,163.4 during the day.

MARKET UPDATE: Sensex rose over 100 points to trade at 61,647 levels and Nifty climbed over 40 points to trade above 18,300 levels

MARKET UPDATE: Sensex rose over 100 points to trade at 61,647 levels and Nifty climbed over 40 points to trade above 18,300 levels
Thursday, November 24, 2022
Opening Bell: Indian markets inched higher today (24 November 2022) after dovish US FOMC minutes cheered global stocks. Key indices Nifty50 climbed over 40 points to trade above 18,300 levels and the S&P 500 rose over 100 points to trade at 61,647 levels. Broader markets, too, followed a similar trend as Nifty SmallCap 100 and Nifty MidCap 100 surged up to 0.4 percent. Volatility gauge, India VIX, meanwhile, declined over 4 percent. All sectors started to trade on a positive note with Nifty Media, Nifty Auto, and Nifty PSU Bank indices leading the charge. Read more

MARKET UPDATE: Sensex advanced over 100 points to trade at 61,519 levels and Nifty climbed over 20 points to trade above 18,250 levels

MARKET UPDATE: Sensex advanced over 100 points to trade at 61,519 levels and Nifty climbed over 20 points to trade above 18,250 levels
Wednesday, November 23, 2022
Indian equity markets traded higher in today's ( 23 November 2022) intra-day trade amid strong global cues. Key indices Nifty50 climbed over 20 points to trade above 18,250 levels and the S&P BSE Sensex advanced over 100 points to trade at 61,519 levels. A similar resilience was seen across broader markets as Nifty MidCap 100 and Nifty SmallCap 100 gained up to 0.3 percent. The volatility index, India VIX, meanwhile, slipped in red. Sectorwise, Nifty PSU Bank and Nifty Media indices gained the most, up to 1 percent. Nifty FMCG, Nifty IT, and Nifty Metal indices, however, were subdued. Read more

JK Paper jumps 4 percent on acquiring majority stake in Horizon Packs and Securipax Packaging

JK Paper jumps 4 percent on acquiring majority stake in Horizon Packs and Securipax Packaging
Tuesday, November 22, 2022
Shares of JK Paper traded 4 percent higher at Rs 435.90 on the BSE in Tuesday’s intra-day trade after the company acquired a majority stake in Horizon Packs and Securipax Packaging. The company added that the acquisition represents an 85 percent stake in both companies and will take place in phases. The balance 15 percent stake will be bought within a period of 3 years.JK Paper informed the Securities and Exchange Board of India (SEBI) that its board of directors had on Monday approved the acquisition of both companies at its meeting. JK Paper has entered into a separate share purchase and shareholders’ agreement with the promoters and shareholders of both firms.JK paper will acquire 26.92 crore equity shares in HPPL for Rs 19.33 per share and 4.63 lakh equity shares for Rs 1,256.95 apiece in SPPL -- representing an 85 percent stake in each company. Read more

Closing Bell: Sensex gains 274 points, Nifty at 18244.20

Closing Bell: Sensex gains 274 points, Nifty at 18244.20
Tuesday, November 22, 2022
At Close, the Sensex was up 274.12 points or 0.45% at 61,418.96, and the Nifty was up 84.20 points or 0.46% at 18,244.20, as weakness in oil prices brightened economic prospects. Larsen and Toubro, NTPC, Eicher Motors, IndusInd Bank, and Maruti Suzuki were among the major gainers on the Nifty, while TCS, Nestle India, JSW Steel, Asian Paints, and HCL Technologies were the laggards. About 1587 shares have advanced, 1772 shares declined, and 140 are unchanged. In the broader markets, the BSE MidCap index gained 0.48 percent, while the BSE SmallCap index dipped 0.10 percent. Among sectors, all but the Nifty Reality index gained in trade. The Nifty PSU Bank index outshone the market as it added 1.66 percent and Nifty Auto indices gained up to nearly 1%. while power and reality are down 1 percent each. Nifty IT, Nifty Metal and indices slipped up to 0.5%

MARKET UPDATE: Sensex advanced over 40 points to trade at 61,190 levels and Niftyclimbed over 10 points to trade flat above 18,150 levels

MARKET UPDATE: Sensex advanced over 40 points to trade at 61,190 levels and Niftyclimbed over 10 points to trade flat above 18,150 levels
Tuesday, November 22, 2022
Opening Bell: Indian equity markets opened volatile in today's(22 November 2022) trade amid mixed global cues. Key indices Nifty50 climbed over 10 points to trade flat above 18,150 levels and the S&P BSE Sensex advanced over 40 points to trade at 61,190 levels. Broader markets, meanwhile, outperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices surged up to 0.2 percent. Sector-wise, Nifty IT, Nifty Metal, and Nifty Realty indices slipped the most -- up to 0.5 percent. Nifty PSU Bank and Nifty Auto indices, however, gained up to 0.9 percent. Read more

Easy Trip Planners surges 20% as stock turns ex-date for split, bonus issue

Easy Trip Planners surges 20% as stock turns ex-date for split, bonus issue
Monday, November 21, 2022
Shares of Easy Trip Planners, which operates EaseMyTrip.com, jumped 20 percent to Rs 57.15 on the BSE in Monday's intra-day trade after they turned ex-date for 3: a 1bonus issue, and 1:1 stock split. The stock of the tour and travel-related services company was trading close to its 52-week high level of Rs 59.56 (adjusted to stock split and bonus), touched on May 25, 2022. The board of directors of the company fixed 22nd November 2022 as the record date to finalize eligible beneficiaries for the issuance of bonus shares and stock subdivision. The board of Easy Trip Planners, on October 10, 2022, had approved a sub-division/split of each existing equity share of the face value of Rs 2 into 2 equity shares of the face value of Rs 1. The board also approved the issue of 3 bonus equity shares for every 1 share held in the company Read more

Closing Bell: Sensex down 518 points, Nifty at 18159.95

Closing Bell: Sensex down 518 points, Nifty at 18159.95
Monday, November 21, 2022
At Close, the Sensex was down 518.64 points or 0.84% at 61,144.84, and the Nifty was down 147.70 points or 0.81% at 18,160, as cautious global approach, ahead of the release of the minutes of the US Federal Reserve's last policy meeting, kept investors on the sidelines. Adani Ports, Hindalco, TCS, HDFC, Tech M, Reliance Industries, Hero MotoCorp, Infosys, Grasim, JSW Steel, and Bajaj Finance were the losers in the Nifty 50 pack. while gainers were BPCL, Bharti Airtel, Axis Bank, HUL, and IndusInd BankAbout 1462 shares have advanced, 2014 shares declined, and 170 shares are unchanged. In the broader market, the BSE MidCap, and SmallCap indices outperformed the benchmarks as the former fell just 0.15 percent, while the latter added 0.01 percent. Sectorally, the Nifty PSU Bank index rose 1.4 percent, while all others shut shop in the negative zone. The Nifty IT and Realty indices slipped the most, down up to 1.5 % Nifty Auto, Nifty Pharma, and Nifty FMCG indices declining up to 1%

MARKET UPDATE: Sensex lowered over 450 points to trade at 61,209 levels and Nifty declined over 100 points to trade below 18,200 levels

MARKET UPDATE: Sensex lowered over 450 points to trade at 61,209 levels and Nifty declined over 100 points to trade below 18,200 levels
Monday, November 21, 2022
Indian equity markets were lower in today's (21 November 2022) intra-day trade, weighed down by index heavyweights like ITC, Reliance Industries, HDFC Twins, TCS, and Tech Mahindra. Key indices Nifty50 declined over 100 points to trade below 18,200 levels and the S&P BSE Sensex lowered over 450 points to trade at 61,209 levels. Broader markets, meanwhile, were volatile as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. The volatility gauge, India VIX, on the other hand, climbed over 4 percent. Sector-wise all sectors plunged into negative territory with Nifty Auto, Nifty Pharma, Nifty IT, and Nifty FMCG indices dropping up to 1 percent. Read more

Union Bank of India m-cap crosses Rs 50,000

Union Bank of India m-cap crosses Rs 50,000
Friday, November 18, 2022
Shares of Union Bank of India continued their upward movement for a third straight session and surged 5 percent to hit over a three-year high of Rs 73.85 apiece in Friday’s intra-day trade. The stock traded at its highest level since July 2019. Shares of Union Bank of India zoomed 61 percent in the past month. It has more than doubled from its 52-week low of Rs 33.55, which it touched on May 12, 2022. Therefore, a sharp rally in stock price saw the market capitalization (market cap) of the Union Bank of India breach Rs 50,000 crore. Currently, the bank’s market cap stood at Rs 50,235 crore, BSE data shows. Read more

Closing Bell: Sensex down 87 points, Nifty at 18307.65

Closing Bell: Sensex down 87 points, Nifty at 18307.65
Friday, November 18, 2022
At Close, the Sensex was down 87.12 points or 0.14% at 61,663.48, and the Nifty was down 36.20 points or 0.20% at 18,307.70, as selling pressure ensued across sectors. HCL Technologies, HUL, Asian Paints, SBI, and Kotak Mahindra Bank were among the top Nifty gainers, while the biggest losers were M&M, Bajaj Auto, Cipla, IndusInd Bank, and Maruti Suzuki. About 1424 shares have advanced, 1966 shares declined, and 119 shares are unchanged.India VIX, the volatility gauge, slipped over 1%. All sectors shifted between gains and losses. While Nifty Metal, Nifty Media, and Nifty IT started to trade with marginal gains, Nifty FMCG, Nifty Pharma, and Nifty Auto indices were trading with losses. Broader markets, too, joined the weak market mood as the BSE Midcap and smallcap indices slipped up to 1.2 percent.

MARKET UPDATE: Sensex slipped over 150 points to hit day's low of 61,587 levels and Nifty declined over 40 points to trade below 18,300 levels

MARKET UPDATE: Sensex slipped over 150 points to hit day's low of 61,587 levels and Nifty declined over 40 points to trade below 18,300 levels
Friday, November 18, 2022
Indian equity markets erased early gains and turned volatile in today's(18 November 2022) intra-day trade amid mixed global cues and softened crude oil prices. Key indices Nifty50 declined over 40 points to trade below 18,300 levels, whereas the S&P BSE Sensex slipped over 150 points to hit the day's low of 61,587 levels. Broader markets, too, joined the weak market mood as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.1 percent. The volatility index, India VIX, meanwhile, slipped over 2 percent. sector-wise all sectors shifted between gains and losses. While Nifty PSU Bank, Nifty Media, and Nifty Bank indices gained up to 1 percent in trade; Nifty Auto, Nifty FMCG, and Nifty IT indices dropped up to 0.5 percent. Read more

Closing Bell: Sensex down 250 points, Nifty at 18343.90

Closing Bell: Sensex down 250 points, Nifty at 18343.90
Thursday, November 17, 2022
At Close, Sensex closed 247.10 points lower or 0.40 percent at 61,733. Nifty ended 76.30 points lower at 18,333.40, owing to selling pressure in auto, IT, and HDFC twins. Titan and Mahindra & Mahindra (M&M) slipped over 2 percent each. The other prominent losers were Maruti, HDFC, Dr.Reddy's, Bajaj Finserv, and Infosys. On the positive front, Larsen & Toubro gained 1.3 percent. PowerGrid also finished with a notable gain. About 1431 shares advanced, 1880 shares declined, and 87 shares were unchanged. The BSE Midcap and Smallcap indices were down 0.3 per cent each. Sectorally, the BSE Consumer Durables index dropped 1.7 percent. The Auto and Power indices were down 1.3 per cent each, while the IT index slipped 0.8 per cent.

MARKET UPDATE: Sensex shed over 100 points to trade at 61,858 levels and Nifty slipped over 40 points to trade below 18,400 levels

MARKET UPDATE: Sensex shed over 100 points to trade at 61,858 levels and Nifty slipped over 40 points to trade below 18,400 levels
Thursday, November 17, 2022
Opening Bell: Indian equity markets opened lower in today's(17 November 2022) trade amid weak global cues. Key indices Nifty50 slipped over 40 points to trade below 18,400 levels and the S&P BSE Sensex shed over 100 points to trade at 61,858 levels. Broader markets, too, lowered in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.1 percent. Volatility gauge, India VIX, meanwhile, climbed over 1 percent. Sectorwise barring Nifty Pharma and Nifty FMCG indices, all sectors nosedived into negative territory. Nifty Auto, Nifty Bank, and Nifty IT indices slipped the most - up to 0.5 percent in trade. Read more

Closing Bell: Sensex up 107.73, Nifty at 18409.65

Closing Bell: Sensex up 107.73, Nifty at 18409.65
Wednesday, November 16, 2022
At Close, the Sensex was up 107.73 points or 0.17% at 61,980.72, and the Nifty was up 6.30 points or 0.03% at 18,409.70, after swinging between gains and losses ahead of the weekly F&O expiry. Kotak Bank rallied 2.6 percent. Hindustan Unilever, Dr.Reddy's, and TCS were the other prominent gainers. On the other hand, Bajaj Finance and Tata Steel shed 2 percent each. Bajaj Finserv and NTPC were down over a percent each. About 1394 shares have advanced, 2011 shares declined, and 115 are unchanged. The BSE Midcap index slipped 0.7 percent, and the Smallcap index was down 0.3 percent. Sectorally, the BSE Metal index fell 1.5 percent. The Power and Realty indices were also down over a percent each. while some buying was seen in the banking names.

MARKET UPDATE: Sensex fell 140 points to 61,730, and Nifty slipped 37 points to 18,366

MARKET UPDATE: Sensex fell 140 points to 61,730, and Nifty slipped 37 points to 18,366
Wednesday, November 16, 2022
Equity markets in India opened lower today (16 November 2022) tracking losses in other Asian markets, which declined as reports of Russian missile striking Poland raised geo-political tensions. The BSE Sensex fell 140 points to 61,730, and the NSE Nifty50 slipped 37 points to 18,366. The broader markets, meanwhile, outperformed frontline indices. The BSE MidCap and SmallCap indices were up to 0.22 percent higher. Sectorwise, Nifty Oil & Gas weakened the most, down 0.5 percent. FMCG, Financials also edged lower. While the Auto, PSB, and Consumer Durable indices gained. Among stocks, Bharat Electronics rose nearly 2 percent after the company signed 4 separate MoUs to supply defense equipment.

SpiceJet shares decline over 4 per cent after Q2 loss

SpiceJet shares decline over 4 per cent after Q2 loss
Tuesday, November 15, 2022
Shares of SpiceJet on Tuesday fell over 4 percent in morning trade after the firm reported a widening net loss to Rs 837.8 crore in the three months that ended September. The net loss of the company in the year-ago period was ₹570.5 crores. This is because of the cascading impact of a heavy increase in aviation turbine fuel expenses and foreign exchange losses due to the depreciating rupee combined with the effects of DGCA's order that made SpiceJet operate only 50% of its aircraft. Excluding the forex loss, the airline’s net loss stood at Rs 577.7 The consolidated revenue from operations rose by 45 percent to ₹1954.4 crores from ₹1345.4 crores in the year-ago period. For the same comparative period, operating expenses were Rs 2,942.6 crore as against Rs 2,100.4 crore,” the release said. Read more

Closing Bell: Sensex gains 248 points, Nifty at 18403.40

Closing Bell: Sensex gains 248 points, Nifty at 18403.40
Tuesday, November 15, 2022
At Close, the Sensex was up 248.84 points or 0.40% at 61,872.99, and the Nifty was up 74.20 points or 0.40% at 18,403.40, in late deals on the back of buying support in select index heavyweights like ICICI Bank, Bharti Airtel and Infosys. Power Grid Corporation, ONGC, ICICI Bank, Bharti Airtel, and Dr. Reddy's Laboratories were among the top Nifty gainers, while Coal India, HDFC Life, Grasim Industries, Cipla, and Bajaj Finserv were the laggards. About 1582 shares have advanced, 1814 shares declined, and 120 are unchanged. Sectorally, the BSE Oil & Gas index advanced a percent. The Bankex was the other significant gainer. The auto was up 0.5 percent. Whereas, the Metal index slipped 0.6 percent. Broader indices underperformed the main indices with midcap and smallcap indices ending on a flat note.

MARKET UPDATE: Sensex down 150 points to 61,475, and the Nifty moved 30 points lower to 18,300

MARKET UPDATE: Sensex down 150 points to 61,475, and the Nifty moved 30 points lower to 18,300
Tuesday, November 15, 2022
Equity markets were volatile in today's(15 November 2022) trade despite positive moves across their global peers. The BSE Sensex was down 150 points to 61,475, and the NSE Nifty50 moved 30 points lower to 18,300. The broader markets were largely flat. The BSE MidCap was down 0.03 percent and the SmallCap index held similar gains. Sector-wise movements were also muted with the highest gains in the Nifty Auto index, which was up 0.5 percent. While FMCG and Realty, indices were the sole losers with downward of 0.6 percent and 0.4 percent, respectively. Read more

Closing Bell: Sensex down 171 points, Nifty at 18329.15

Closing Bell: Sensex down 171 points, Nifty at 18329.15
Monday, November 14, 2022
At Close, the Sensex was down 170.89 points or 0.28% at 61,624.15, and the Nifty was down 20.50 points or 0.11% at 18,329.20as investors remained cautious ahead of retail and wholesale inflation readings for the month of October. About 1662 shares have advanced, 1851 shares declined, and 141 are unchanged. Tata Steel, PowerGrid, M&M, Kotak Bank, and IndusInd Bank opened with the most gains on Sensex, while Hindalco, Apollo Hospitals, and JSW Steel were the additional gainers On the other hand, Dr. Reddy’s, SBI, Divis’s Labs, Sun Pharma, ITC, Maruti Suzuki were the top drags across the two frontline indices. The BSE mid-cap and small-cap indices were trading marginally lower in the broader market, down up to 0.3%. Among sectors, the realty and metal index are up 1 percent each, while the FMCG index is down 1 percent

MARKET UPDATE: Sensex fell 47 points to 61,748, while Nifty unchanged at 18,344

MARKET UPDATE: Sensex fell 47 points to 61,748, while Nifty unchanged at 18,344
Monday, November 14, 2022
Opening Bell: Indian Equity markets opened flat today(14 November 2022) as investors await retail and wholesale inflation readings for October. The BSE Sensex fell 47 points to 61,748, while the NSE Nifty was nearly unchanged at 18,344. Among the 30-Sensex constituents, Tata Steel, PowerGrid, M&M, Kotak Bank, and IndusInd Bank opened with the most gains (up to 2 percent higher ). While Hindalco, Apollo Hospitals, and JSW Steel were the additional frontrunners on the Nifty index. Dr. Reddy's, SBI, Divis's Labs, Sun Pharma, ITC, and Maruti Suzuki were the top drags across the two frontline indices, up to x percent lower. In the broader market, the BSE midcap and smallcap indices held fractional cuts, down up to 0.3 percent. Read more

CLOSING BELL: Sensex leaps 1,181 pts to a fresh 52-week high of 61,841 and Nifty touched 18,362 amid global rally

CLOSING BELL: Sensex leaps 1,181 pts to a fresh 52-week high of 61,841 and Nifty touched 18,362 amid global rally
Friday, November 11, 2022
Indian equities rose in tune with global peers after the release of US inflation data in October raised investor hopes that inflation has peaked. Except for a minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around a 4 percent surge. Meanwhile, HDFC twins, information technology (IT), and other heavyweights including Reliance Industries, Tata Steel, L&T, and Bajaj twins propelled the S&P BSE Sensex to a fresh 52-week high of 61,841, while the Nifty50 touched 18,362. The indices, eventually, ended at 61,795, and 18,350 levels, up 1,181 points and 322 points, respectively. In the broader markets, the BSE MidCap, and the BSE SmallCap indices added 0.15 percent, and 0.33 percent, respectively, as against the frontline indices' 2-per cent gain. Read more

Moody's cuts India's GDP growth projection for 2022

Moody's cuts India's GDP growth projection for 2022
Friday, November 11, 2022
Moody's today(11 November 2022) slashed India's GDP growth projection for 2022 to 7 percent on the expectation that global slowdown and high domestic interest rates would dampen economic momentum. For India, the 2022 real GDP growth projections have been lowered to 7 percent from 7.7 percent. The downward revision assumes higher inflation, high-interest rates, and slowing global growth will dampen economic momentum by more than we had previously expected, said the Global Macro Outlook 2023-24. Moody's expects growth to decelerate to 4.8 percent in 2023 and then to rise to 6.4 percent in 2024. The Indian economy grew 8.5 percent in the 2021 calendar year, according to Moody's. As per official GDP estimates, the economy expanded 13.5 percent in April-June 2022-23, higher than the 4.10 percent growth clocked in January-March. GDP figures for the September quarter would be released at the end of this month. Read more

MARKET UPDATE: Nifty50 surged over 250 points to trade above 18,300 levels and the Sensex advanced over 1,000 points to hit 52-week high of 61,685 levels

MARKET UPDATE: Nifty50 surged over 250 points to trade above 18,300 levels and the Sensex advanced over 1,000 points to hit 52-week high of 61,685 levels
Friday, November 11, 2022
Opening Bell: Indian markets were driven higher by bulls in today's(11 November 2022) trade amid strong global cues coupled with a weaker dollar. Key indices Nifty50 surged over 250 points to trade above 18,300 levels and the S&P Sensex advanced over 1,000 points to hit a 52-week high of 61,685 levels. Broader markets, too, cheered in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed over 1 percent each. Volatility gauge, India VIX, meanwhile, slipped over 4 percent. All sectors swam in a sea of green, with the Nifty IT index leading at the forefront, up over 3 percent. Among individual stocks, shares of Zomato surged over 7 percent after the company's net loss narrowed to Rs 251 crore in Q2FY23. Read more

CLOSING BELL: Sensex closed at 60,614 levels, down by 420 points and Nifty50 fell 121 points to shut shop at 18,036

CLOSING BELL: Sensex closed at 60,614 levels, down by 420 points and Nifty50 fell 121 points to shut shop at 18,036
Thursday, November 10, 2022
Closing Bell: Global stock markets, including Indian, remained subdued today(10 November 2022) as nervousness in the cryptocurrency markets spilled over into equities. In addition, investors' interpretation of the incoming results from the US mid-term elections kept the sentiment in check. Further, the sentiment was also impacted due to nervousness ahead of US CPI data for October. A higher-than-expected print can see the US Fed hike rates more than consensus estimates in its December policy review. That apart, the weekly F&O expiry, back home, was also partly responsible for the overall weak sentiment. The S&P BSE Sensex closed at 60,614 levels today, down by 420 points or 0.69 percent. It had hit a low of 60,425.47 during the day. The NSE Nifty50, on the other hand, fell 121 points, or 0.66 percent, to shut shop at 18,036. The index breached below the 18,000 mark during the day to hit a low of 17,969.40. Read more

MARKET UPDATE: Nifty50 declined over 50 points to trade below 18,100 levels, whereas the Sensex tumbled over 400 points to trade below 61,000 levels

MARKET UPDATE: Nifty50 declined over 50 points to trade below 18,100 levels, whereas the Sensex tumbled over 400 points to trade below 61,000 levels
Thursday, November 10, 2022
Opening Bell: Indian markets were weighed down by Bears in today's( 10 November 2022) trade amid weak global cues. Key indices Nifty50 declined over 50 points to trade below 18,100 levels, whereas the S&P BSE Sensex tumbled over 400 points to trade below 61,000 levels. Broader markets, too, slipped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.7 percent. Volatility gauge, India VIX, meanwhile, gained over 1 percent. Barring the Nifty Pharma index, all sectors plunged into negative territory, with the Nifty Auto index declining the most, over 1 percent. Read more

CLOSING BELL: Sensex fell 152 points to 61,033 and Nifty50 shut shop at 18,157, down 46 points

CLOSING BELL: Sensex fell 152 points to 61,033 and Nifty50 shut shop at 18,157, down 46 points
Wednesday, November 9, 2022
Equities turned lower at the fag-end of the session with the S&P BSE Sensex falling 152 points, or 0.25 percent, to 61,033. The Nifty50, meanwhile, shut shop at 18,157, down 46 points or 0.25 percent. Both the indices had hit an intra-day high of 61,447, and 18,296, respectively. In the broader markets, the BSE MidCap, and the BSE SmallCap indices slipped 0.5 percent, and 0.3 percent, respectively. Sectorally, all indices, except banking stocks were in the red. The Nifty PSU Bank index surged nearly 4 percent, while the Nifty Bank added 0.25 percent. The Nifty Realty index was the worst hit, down 1.4 percent. Read more

MARKET UPDATE: Sensex advanced over 150 points to trade above 61,350 levels and Nifty50 climbed over 50 points to trade above 18,250 levels

MARKET UPDATE: Sensex advanced over 150 points to trade above 61,350 levels and Nifty50 climbed over 50 points to trade above 18,250 levels
Wednesday, November 9, 2022
Opening Bell: Indian equity markets edged higher in today's(9 November 2022) trade amid strong global cues. Key indices like Nifty50 climbed over 50 points to trade above 18,250 levels and the S&P BSE Sensex advanced over 150 points to trade above 61,350 levels. Broader markets, however, were mixed as Nifty SmallCap 100 index slipped marginally to underperform the Nifty MidCap 100 index. All sectors started to trade on a positive note, with Nifty Pharma and Nifty Realty indices gaining up to 1 percent. Among individual stocks, shares of PB Fintech surged over 5 percent after the company saw losses narrow to Rs 186.64 crore in Q2FY23. Besides, shares of BLS International soared over 5 percent after the company's net profit jumped 83.3 percent YoY to Rs 50.37 crore in Q2FY23.

Stock market holiday: Trading at BSE, NSE closed today

Stock market holiday: Trading at BSE, NSE closed today
Tuesday, November 8, 2022
The Indian stock market is closed today(8 November 2022) on the account of Guru Nanak Jayanti, therefore, there will be no trading activity today. As per the information available on the official BSE website, trading on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) will remain closed for the entire session on Tuesday i.e. November 8, 2022. In the Commodity segment, trading at Multi Commodity Exchange (MCX) will remain closed in the first half whereas it will take place in the second half from 5 pm (evening session) on November 8, 2022. November 8, 2022, is the last trading holiday of this year on Dalal Street, being the sixteenth market holiday of this year. Meanwhile, trading on the stock exchanges BSE and NSE will resume on Wednesday, November 9, 2022, as per its usual timings.

CLOSING BELL: Sensex settled at 61,185, up 235 points and Nifty50 closed at 18,203, up 86 points

CLOSING BELL: Sensex settled at 61,185, up 235 points and Nifty50 closed at 18,203, up 86 points
Monday, November 7, 2022
CLOSING BELL: Indian equities were lackluster in trade today(7 November 20022) as markets began on a cautious note in a holiday-truncated week. The S&P BSE Sensex gyrated between 60,714 and 61,401 levels, before settling at 61,185, up 235 points or 0.39 percent. The Nifty50, on the other hand, moved in a band of 200 points and closed at 18,203, up 86 points or 0.47 percent. The losses in Asian Paints, Bajaj Finserv, Kotak Bank, Sun Pharma, Titan, Dr. Reddy's Labs, IndusInd Bank, and Infosys were offset by gains in SBI, Tata Steel, ICICI Bank, Maruti Suzuki, Ultratech Cement, M&M, PowerGrid, and HDFC. Sectorally, the Nifty PSU Bank index sharply outperformed other indices as it gained 4.5 percent. The Nifty Metal index advanced 1.6 percent, while the Nifty Auto index gained 1.3 percent. The Nifty Pharma index was the only loser, down 1.4 percent. Meanwhile, in the broader markets, the BSE MidCap and SmallCap indices added 0.6 percent each.

MARKET UPDATE: Sensex advanced over 300 points to trade at 61,290 levels and Nifty50 climbed over 100 points to trade above 18,200 levels

MARKET UPDATE: Sensex advanced over 300 points to trade at 61,290 levels and Nifty50 climbed over 100 points to trade above 18,200 levels
Monday, November 7, 2022
Indian equity markets trimmed gains in today's(7 November 2022) intra-day trade, however, traded in the positive territory. Key indices Nifty50 climbed over 100 points to trade above 18,200 levels and the S&P BSE Sensex advanced over 300 points to trade at 61,290 levels. Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap indices gained up to 0.7 percent. Barring Nifty IT and Nifty Pharma indices, all sectors traded on a positive note. The nifty PSU Bank index gained the most, up over 5 percent. Among individual stocks, shares of SBI gained over 5 percent after the lender's net profit rose 74 percent year-on-year (YoY) to Rs 13,265 crore in Q2FY23. Besides, shares of Britannia Industries zoomed 10 percent to hit an all-time high of Rs 4,181.4 per share, after the company reported robust revenue growth in Q2FY23.

Amara Raja Batteries soars 11% after Q2 numbers

Amara Raja Batteries soars 11% after Q2 numbers
Friday, November 4, 2022
Shares of Amara Raja Batteries soared 11 percent to Rs 571.75 on the BSE in Friday’s intra-day trade on the back of heavy volumes after the company reported a strong September quarter (Q2FY23). The Andhra Pradesh-based company reported a 39.42 percent YoY jump in consolidated profit after tax at Rs 201.22 crore for the September quarter, thanks to higher sales. The company had reported a consolidated profit of Rs 144.32 crore in the year-ago quarter. The consolidated revenue from operations stood at Rs 2,700.47 crore against Rs 2,264.15 crore in the year-ago period. Its total expenses were higher at Rs 2,449.11 crore compared to Rs 2,097.17 crore a year ago, the filing said. The company has also declared an interim dividend of Rs 2.9 per share with a record date on November 16, 2022. Read more

Closing Bell:Sensex gains 114 points, Nifty at 18117.15

Closing Bell:Sensex gains 114 points, Nifty at 18117.15
Friday, November 4, 2022
At Close, the Sensex was up 113.95 points or 0.19% at 60,950.36, and the Nifty was up 64.50 points or 0.36% at 18,117.20. Bajaj Finserv, Tata Steel and UltraTech Cement, SBI, Reliance Industries, Asian Paints, and Bajaj Finance were the major gainers. On the other hand, Dr.Reddy’s, Hindustan Unilever, Infosys, and HDFC Bank were the other notable losers. About 1997 shares have advanced, 1356 shares declined, and 129 are unchanged. Among sectors, the Metal index is up 4 percent, the PSU Bank index is up 1 percent, and the Pharma index is down 1 percent.. Bank Nifty index was closed in green at around 41298. The BSE midcap index ended on a flat note, and smallcap index was up 0.4 percent.

MARKET UPDATE: Sensex lowered over 100 points to hit a low of 60,697 levels and Nifty50 declined over 10 points to trade below 18,050 levels

MARKET UPDATE: Sensex lowered over 100 points to hit a low of 60,697 levels and Nifty50 declined over 10 points to trade below 18,050 levels
Friday, November 4, 2022
Indin equity markets wiped off early gains and inched lower in today's(4 November 20222) intra-day trade amid mixed global cues. Key indices Nifty50 declined over 10 points to trade below 18,050 levels, whereas the S&P BSE Sensex lowered over 100 points to hit a low of 60,697 levels. Broader markets, meanwhile, were volatile as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. All sectors shifted between gains and losses. While the Nifty Metal index gained the most, over 1 percent; the Nifty IT index declined the most, over 1 percent. Read more

Closing Bell: Sensex down 70 points, Nifty at 18052.70

Closing Bell: Sensex down 70 points, Nifty at 18052.70
Thursday, November 3, 2022
At Close, the Sensex was down 69.68 points or 0.11% at 60,836.41, and the Nifty was down 30.10 points or 0.17% at 18,052.70. Tech Mahindra, Hindalco Industries, Power Grid Corporation, NTPC, and Infosys were among the top Nifty losers. Gainers included SBI, Titan Company, UPL, and HUL. About 1725 shares have advanced, 1630 shares declined, and 120 are unchanged. In the broader market, the BSE Midcap and Smallcap indices ended marginally higher. All sectors were fluctuating between gains and losses.IT and Power stocks bore brunt of the selling pressure, while select financial shares pulled back in trades. Except, bank, realty, and FMCG, all other sectoral indices ended in the red.

MARKET UPDATE: Sensex gained over 50 points to trade at 60,964 levels and Nifty50 declined over 18 points to trade above 18,000 levels

MARKET UPDATE: Sensex gained over 50 points to trade at 60,964 levels and Nifty50 declined over 18 points to trade above 18,000 levels
Thursday, November 3, 2022
Indin equity markets reversed opening losses and edged up in today's(3rd November 2022) intra-day trade, supported by gains across index heavyweights like Bajaj Twins, Maruti Suzuki, Hindustan Unilever, and ITC. Key indices Nifty50 declined over 18 points to trade above 18,000 levels and the S&P BSE Sensex gained over 50 points to trade at 60,964 levels. Broader markets, too, advanced in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.5 percent. All sectors shifted between gains and losses. Nifty PSU Bank, Nifty Media, and Nifty FMCG indices were at the forefront as they surged up to 1 percent. Nifty IT, Nifty Realty, and Nifty Pharma indices, however, slipped up to 1 percent. Read more

Karnataka Bank soars 20 percent after posting records profit

Karnataka Bank soars 20 percent after posting records profit
Wednesday, November 2, 2022
Shares of the private sector commercial bank Karnataka Bank skyrocketed 20% to Rs 112.65 apiece on Wednesday as investors reacted to the bank’s highest-ever quarterly profit posted for the July-September period. Karnataka Bank Ltd recorded a net profit of ₹411.63 crores in the second quarter of 2022-23 against ₹125.61 crores in the corresponding quarter of 2021-22, registering a growth of 227.70 percent. The bank’s asset health improved as gross NPA fell to 3.36% from 4.52% in the year-ago period and net NPA reduced to 1.72% versus 2.85% in Q2FY22. CEO Mahabaleshwara MS attributed the significant jump in net profit to improved earnings, improved asset quality, healthy growth of advances, cost containment, and efficiency enhancement, among others. Read more

Closing Bell: Sensex down 215 points, Nifty at 18082.85

Closing Bell: Sensex down 215 points, Nifty at 18082.85
Wednesday, November 2, 2022
At Close, the Sensex was down 215.26 points or 0.35% at 60,906.09, and the Nifty was down 62.60 points or 0.34% at 18,082.80.ahead of the US Federal Reserve meet outcome later tonight. Bharti Airtel, Apollo Hospitals, Maruti Suzuki, Eicher Motors, and Britannia Industries were among the top Nifty losers, while gainers included Hindalco Industries, Sun Pharma, ITC, ONGC, and Tech Mahindra. About 1752 shares have advanced, 1615 shares declined, and 135 are unchanged. The BSE Midcap index eked a 0.1 percent loss, while the Smallcap index added 0.2 percent. On the sectoral front, selling was seen in the Auto, Bank, Capital Goods, Information Technology, PSU Bank, and Power, and Realty names. On the other hand, Metal and Pharma indices ended on a positive note.

MARKET UPDATE: Sensex lowered over 100 points to trade below 61,000 levels and Nifty50 declined over 20 points to trade flat below 18,140

MARKET UPDATE: Sensex lowered over 100 points to trade below 61,000 levels and Nifty50 declined over 20 points to trade flat below 18,140
Wednesday, November 2, 2022
Key indices Nifty50 declined over 20 points to trade flat below 18,140 and the S&P BSE Sensex lowered over 100 points to trade below 61,000 levels. Broader markets, however, were fractionally higher as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.2 percent. All sectors shifted between gains and losses, with Nifty Pharma and Nifty Media indices advancing over 1 percent each. Nifty IT, Nifty Auto, and Nifty PSU Bank indices, however, slipped up to 0.4 percent. Among individual stocks, shares of LIC Housing Finance plunged 13 percent after the company reported a disappointing set of numbers in Q2FY23. Besides, shares of Karnataka Bank soared over 17 percent after net profit grew 228 percent YoY (an all-time quarterly high) to Rs 411.5 crore in Q2FY23.

Nykaa gains 6 percent after net profit jumps 363% YoY to Rs 5 crore in Q2FY23

Nykaa gains 6 percent after net profit jumps 363% YoY to Rs 5 crore in Q2FY23
Tuesday, November 1, 2022
Shares of Beauty and fashion e-tailer FSN E-Commerce Ventures, which runs Nykaa surged 6.5 percent to Rs 1,233 per share in Tuesday's intra-day trade, after the company's net profit jumped 363 percent year-on-year (YoY) to Rs 5.1 crore in the July-September quarter (Q2FY23) from Rs 1.1 crore in the year-ago period, up more than 330%. The company had reported a profit of ₹5 crores in the previous quarter of June 2022. Its quarterly revenue from operations recorded a 39% YoY increase to Rs 1,230.8 crore, from Rs 890.4 crore in Q2FY22, whereas it was up 7% from ₹1,148.4 crore quarter-on-quarter (QoQ). Total expenses, too, grew 38 percent YoY to Rs 1,228.5 crore in the recently concluded quarter. Total expenses, too, grew 38 percent YoY to Rs 1,228.5 crore in the recently concluded quarter. Read more

Closing Bell: Sensex gains 375 points, Nifty at 18145.40

Closing Bell: Sensex gains 375 points, Nifty at 18145.40
Tuesday, November 1, 2022
At Close, the Sensex was up 374.76 points or 0.62% at 61,121.35, and the Nifty was up 133.20 points or 0.74% at 18,145.40, as strong corporate earnings, and renewed FII buying lifted sentiment. Adani Enterprises, Divis Labs, NTPC, Power Grid Corp, and Grasim Industries were among the top Nifty gainers, while losers included Axis Bank, UPL, Eicher Motors, Reliance Industries, and Maruti Suzuki. About 1765 shares have advanced, 1579 shares declined, and 129 are unchanged. In the broader market, the BSE Midcap index jumped a percent, while the Smallcap index added 0.3 percent. Among sectoral indexes, consumer durables, capital goods, and auto indices rose the most. Sectorally, the BSE Power index soared over 2 percent. The IT, Healthcare were up around 1.7 percent each, and the Metal index too was up a percent.

GST collection over Rs 1.51 trillion in October -second highest ever monthly collection, next only to April 2022

GST collection over Rs 1.51 trillion in October -second highest ever monthly collection, next only to April 2022
Tuesday, November 1, 2022
India's tax collection from the sale of goods and services increased to Rs 1.51 trillion in October. This record collection is driven by festive demand, higher rates, and better tax compliance. The revenue for October is the second-highest monthly collection, next only to April 2022, and it is for the second time the gross GST collection has crossed Rs. 1.50 trillion mark. October also saw the second-highest collection from domestic transactions after April. This is the ninth month, and for the eighth month in a row, that monthly GST revenue has been more than Rs 1.4 trillion. In September 2022, as many as 83 million e-way bills were generated, compared to 77 million in August 2022. Read more

MARKET UPDATE: Sensex advanced over 300 points to reclaim 61,058 levels and Nifty50 climbed over 50 points to trade above 18,100 levels

MARKET UPDATE: Sensex advanced over 300 points to reclaim 61,058 levels and Nifty50 climbed over 50 points to trade above 18,100 levels
Tuesday, November 1, 2022
Key indices Nifty50 climbed over 50 points to trade above 18,100 levels and the S&P BSE Sensex advanced over 300 points to reclaim 61,058 levels after a gap of nine months. Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.3 percent. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. Barring the Nifty Metal index, all sectors swam in the sea of green, with Nifty PSU Bank and Nifty Pharma indices rising up to 1 percent. Among individual stocks, shares of Equitas SFB gained over 2 percent after the lender reported over two-fold jump in net profit to Rs 116 crore in Q2FY23. Besides, shares of Castrol India slipped over 1 percent after the company reported flat growth in its PAT at Rs 187 crore in Q2FY23.

Bharti Airtel Q2 result, profit up 89% YoY

Bharti Airtel Q2 result, profit up 89% YoY
Monday, October 31, 2022
Bharti Airtel Ltd, India's No.2 telecom carrier by subscribers, reported a consolidated net profit of ₹2,145 crores for the quarter ending 30 September 2022. This is an increase of 89% when compared with ₹1,134 crores in the corresponding quarter of last year. helped by 4G subscriber additions. The company's consolidated revenue from operations was 345.27 billion Indian rupees ($4.17 billion) for the three months ended Sept. 30, compared with 283.26 billion rupees a year ago. Analysts had expected the company to report a 75 to 110% YoY growth in net profit for the quarter, while its revenue growth is expected around 20%. Consolidated EBITDA or earnings before interest, taxes, depreciation, and amortization jumped 6.7% for the quarter to ₹17,721 crores, while the operating margin improved to 51.3% from 50.6% on a QoQ basis. Read more

Closing Bell:Sensex gains 787 points, Nifty at 18012.20

Closing Bell:Sensex gains 787 points, Nifty at 18012.20
Monday, October 31, 2022
At Close, the Sensex was up 786.74 points or 1.31% at 60,746.59, and the Nifty was up 225.40 points or 1.27% at 18,012.20. Ultratech Cement, Sun Pharma, HDFC twins, L&T, M&M, Bajaj twins, Bharti Airtel, Asian Paints, Infosys, Tech M, Kotak Bank, HUL, Titan, and ITC jumped 1-4%. On the downside, NTPC, Dr Reddy’s Labs, IndusInd Bank, and Nestle were the only Sensex losers. About 1788 shares have advanced, 1657 shares declined, and 164 are unchanged. In the broader market, the BSE MidCap, and SmallCap indices edged 1.24 percent, and 0.45 percent higher, respectively. The Financial Services, IT, Pharma, Auto, and Consumer Durable indices gained over 1 percent each, while others added up to 1 percent.

MARKET UPDATE: Nifty50 climbed over 150 points to trade above 17,950 levels and the Sensex advanced over 600 points to hit a high of 60,606 levels

MARKET UPDATE: Nifty50 climbed over 150 points to trade above 17,950 levels and the Sensex advanced over 600 points to hit a high of 60,606 levels
Monday, October 31, 2022
Indian equity markets edged higher in today's(31 October 2022) intra-day trade amid strong global cues and steady foreign flows. Key indices Nifty50 climbed over 150 points to trade above 17,950 levels and the S&P BSE Sensex advanced over 600 points to hit a high of 60,606 levels. The strength spilled across broader markets too, as Nifty MidCap 100 and Nifty SmallCap 100 surged up to 0.6 percent. Sectorally, Nifty IT and Nifty Auto indices were at the forefront as they rose over 1 percent each. Nifty Metal and Nifty PSU Bank, indices, however, slipped up to 0.3 percent. Read more

Maruti Suzuki Q2 net profit jumps 333 per cent YoY to Rs 2,061 crore

Maruti Suzuki Q2 net profit jumps 333 per cent YoY to Rs 2,061 crore
Friday, October 28, 2022
The Shares of the country's largest car maker Maruti Suzuki India gained 5 percent and touched 1 year high of Rs 9492.55 today after its net profit jumped by 333 percent to Rs 2061.5 crore in Q2 of FY23 compared to the corresponding period of last year on the back of the resolution of chip supply issues, favorable foreign exchange rates, and highest-ever unit sales. Standalone revenue from operations surged 46 percent YoY to Rs 29,931 crore. The company's market cap is nearly ₹2.87 lakh crore. The company sold a total of 517,395 vehicles during the quarter, the highest ever in any quarter. Sales in the domestic market stood at 454,200 units,” its statement said. Therefore, the company also posted the highest-ever sales revenue of Rs 28,545 crore in Q2 of FY23. Shortage of electronic components impacted production by about 35,000 vehicles during the quarter, the company said. Read more

Closing Bell: Sensex gains 203 points, Nifty at 17786.80

Closing Bell: Sensex gains 203 points, Nifty at 17786.80
Friday, October 28, 2022
At Close, Sensex ended higher by 203.01 points or 0.34 percent at 59,959.85. Nifty ended higher by 49.80 points or 0.28 percent at 17,786.80, supported by gains across index-heavyweights like Reliance Industries, Maruti Suzuki, Hindustan Unilever, and Bajaj Twins.NTPC, Mahindra & Mahindra, PowerGrid Corporation, Titan, and Bajaj Finserv were the other notable gainers. On the other hand, Tech Mahindra and Tata Steel shed 2.5 percent each. Sun Pharma, ICICI Bank, SBI, and Axis Bank were the other prominent losers, down 1 - 2 percent each. About 1470 shares have advanced, 1868 shares declined, and 114 are unchanged. The broader markets were subdued as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.3%. Nifty Oil & Gas, Nifty Auto, and Nifty FMCG indices led the charge as they surged up to 2%, while the Nifty Metal index was the worst sectoral performer as it declined over 1.4% and the IT index slipped 0.7 percent.

MARKET UPDATE: Sensex climbed over 300 points to hit a high of 60,071 levels and Nifty50 climbed over 50 points to trade above 17,800 levels

MARKET UPDATE: Sensex climbed over 300 points to hit a high of 60,071 levels and Nifty50 climbed over 50 points to trade above 17,800 levels
Friday, October 28, 2022
Indian equity markets edged higher in today's (28 October 2022) intra-day trade, supported by gains across index-heavyweights like Reliance Industries, Maruti Suzuki, Hindustan Unilever, and Bajaj Twins. Key indices Nifty50 climbed over 50 points to trade above 17,800 levels and the S&P BSE Sensex climbed over 300 points to hit a high of 60,071 levels The broader markets, however, were subdued in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.3 percent. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. All sectors shifted between gains and losses. Nifty Oil & Gas, Nifty Auto, and Nifty FMCG indices led the charge as they surged up to 1 percent. Nifty Metal index, however, was the worst sectoral performer as it declined over 1 percent. Read more

Gland Pharma down 13 percent on poor Q2 numbers

Gland Pharma down 13 percent on poor Q2 numbers
Thursday, October 27, 2022
Shares of Gland Pharma hit a 52-week low of Rs 1,942.90 as they plunged 13 percent on the BSE in Thursday’s intra-day trade after the company reported a 20.14 percent year-on-year (YoY) decline in its consolidated net profit at Rs 241 crore for the second quarter ended September 30 (Q2FY23), owing to lower sales and higher expenses. The company posted a consolidated net profit of Rs 302 crore in the same period last fiscal (Q2FY22). Meanwhile, its revenue and margin also reported a dip from the year-ago quarter. The consolidated revenue from operations during the period under review was at Rs 1,044.4 crore, as against Rs 1,080.47 crore in the year-ago period, it added. Gland Pharma said revenue from its core markets of the US, Europe, Canada, and Australia grew by 3%, however, India's revenue was down 42% while the same for the 'rest of the world' market was also down 3%. Read more

Closing Bell: Sensex gains 300 points, Nifty at 17736.95

Closing Bell: Sensex gains 300 points, Nifty at 17736.95
Thursday, October 27, 2022
At Close, the Sensex was up 212.88 points or 0.36% at 59,756.84, and the Nifty was up 80.70 points or 0.46% at 17,737, as investors adjusted their positions due to monthly F&O expiry. Tata Steel, Power Grid, Sun Pharma, Axis Bank, Bharti Airtel, Kotak Bank, M&M, HDFC, Dr Reddy's Labs, and Titan were the leading winners on the Sensex, up over 1 percent each. Bajaj twins, Asian Paints, Nestle, Tech M, and Wipro were the laggards, down up to 2 percent. About 1770 shares have advanced, 1548 shares declined, and 125 are unchanged. The BSE MidCap and SmallCap indices gained 0.4 percent each in the broader markets. Sectorally, the Nifty Metal index climbed over 3 percent, and Power and Realty up 2-3 percent. while Nifty IT fell 0.44 percent.

MARKET UPDATE: Nifty50 climbed over 100 points to trade above 17,750 levels and the Sensex advanced over 300 points to trade at 59,891 level

MARKET UPDATE: Nifty50 climbed over 100 points to trade above 17,750 levels and the Sensex advanced over 300 points to trade at 59,891 level
Thursday, October 27, 2022
Opening Bell: Indian equity markets edged higher in today's(27 October 2022) trade amid mixed global cues. Key indices Nifty50 climbed over 100 points to trade above 17,750 levels and the S&P BSE Sensex advanced over 300 points to trade at 59,891 levels. The broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 rose over 0.3 percent each. All sectors were in a sea of green as the Nifty Metal index led the charge, rising over 1 percent in trade. Among individual stocks, shares of Dabur gained over 2 percent after the FMCG major plans to invest Rs 325.87 crore in its Indore plant in Madhya Pradesh. In addition, shares of Gland Pharma tumbled over 7 percent after the company saw a 20.1 percent decline in consolidated net profit to Rs 241.2 crore in Q2FY23.

CLOSING BELL: Sensex closed 288 points lower at 59,544, while the Nifty50 ended at 17,640, down 91 points

CLOSING BELL: Sensex closed 288 points lower at 59,544, while the Nifty50 ended at 17,640, down 91 points
Tuesday, October 25, 2022
Profit booking emerged on Dalal Street after a 7-day winning streak, with investors dumping FMCG and private banking stocks. The S&P BSE Sensex index closed 288 points, or 0.48 percent, lower at 59,544, while the Nifty50 ended at 17,640, down 91 points or 0.5 percent. Tech M, Maruti Suzuki, L&T, NTPC, Dr. Reddy's Labs, SBI, M&M, and Infosys were the top gainers on the Sensex index. These stocks gained between 0.6 percent and 3 percent. The top drags were Nestle, Bajaj Finserv, HUL, Kotak Bank, RIL, HDFC, Bajaj Finance, Asian Paints, and IndusInd Bank as they fell in the range of 1 percent to 3 percent. In the broader markets, the BSE MidCap index added 0.45 percent, but the BSE SmallCap index slipped 0.35 percent.

MARKET UPDATE: Sensex advanced over 40 points to trade at 59,875 levels and the Nifty50 traded flat below 17,750 levels

MARKET UPDATE: Sensex advanced over 40 points to trade at 59,875 levels and the Nifty50 traded flat below 17,750 levels
Tuesday, October 25, 2022
Opening Bell: Indian equity markets opened volatile today(25 October 2022) amid mixed global cues. Key indices Nifty50 traded flat below 17,750 levels and the S&P BSE Sensex advanced over 40 points to trade at 59,875 levels. Broader markets, too, edged lower as Nifty MidCap 100 and Nifty SmallCap 100 lowered by over 0.3 percent. All sectors started to trade on a volatile note. Nifty IT, Nifty Metal, and Nifty Auto indices, however, led the charge as they surged up to 0.4 percent. Read more

Muhurat Trading session: Sensex settled 525 points higher at 59,832 and Nifty with a solid gain of 154 points at 17,731

Muhurat Trading session: Sensex settled 525 points higher at 59,832 and Nifty with a solid gain of 154 points at 17,731
Monday, October 24, 2022
Muhurat Trading session: The key benchmark indices started Samvat 2079 on a gung-ho note led by strong gains in financial and capital goods stocks. In today's(24 October 2022) one-hour special trading session, the S&P BSE Sensex scaled a high of 59,994 and eventually settled 525 points higher at 59,832. The NSE Nifty touched a high of 17,778 and ended with a solid gain of 154 points at 17,731. In the process, the benchmark indices registered the best-ever trading session on Muhurat day in the last 14 years, since 2008. Among the Sensex 30 stocks, Nestle India surged 3 percent. ICICI Bank, Larsen & Toubro, SBI and HDFC twins were the major gainers. On the flip side, Hindustan Unilever shed 3 percent. Read more

Diwali Muhurat Trading 2022

Diwali Muhurat Trading 2022
Monday, October 24, 2022
October 24 will mark a one-hour special Muhurat Trading session on the world's two most prominent stock exchanges, the BSE and the NSE. The beginning of a new Samvat 2079, the Hindu calendar year that begins on Diwali, will be celebrated on October 24 with a one-hour special Muhurat Trading session on the BSE and the NSE. The stock exchanges announced the time frame for the symbolic trading session in separate circulars: 6:15 PM to 7:15 PM. Muhurat Trading, or trading at the auspicious hour, is thought to bring stakeholders prosperity and financial success. Read more

IEX down 5%, shares fall to a 52-week low

IEX down 5%, shares fall to a 52-week low
Friday, October 21, 2022
Shares of the Indian Energy Exchange (IEX) hit a 52-week low of Rs 134 as they declined 5 percent on the BSE in Friday's intra-day trade amid heavy volumes, after reporting a decline in topline and bottom-line for the September quarter. Indian Energy Exchange (IEX) on Thursday reported nearly a 7 percent fall in its consolidated net profit at Rs 71.20 crore in the September quarter compared to a year ago. The consolidated net profit was Rs 77.38 crore in the quarter that ended on September 30, 2021, a BSE filing stated. The company's revenue fell below the Rs 100 crore mark, declining 13 percent from the same period last year to Rs 95.2 crore. Operating profit or EBITDA declined 17 percent due to weak volumes during the quarter while the margin contracted by nearly 400 basis points to 82.8 percent from 86.1 percent. Read more

Closing Bell: Sensex gains 104.25 points, Nifty at 17576.30

Closing Bell: Sensex gains 104.25 points, Nifty at 17576.30
Friday, October 21, 2022
At Close, the Sensex was up 104.25 points or 0.18% at 59,307.15, and the Nifty was up 12.30 points or 0.07% at 17,576.30, as weak global cues amid an escalating crisis in Ukraine weighed on investor sentiment. The gains in benchmark indices were led by Axis Bank, HUL, ICICI Bank, Kotak Bank, SBI Life, and Apollo Hospitals. On the flip side, Bajaj Finserv, Bajaj Finance, Divis Labs, Adan Ports, UPL, Asian Paints, and L&T capped gains. About 1404 shares have advanced, 1920 shares declined, and 136 shares are unchanged. In the broader markets, the BSE MidCap and SmallCap indices dipped 0.75 percent and 0.6 percent, respectively. Sectorally, The Nifty PSU Bank and Private Bank indices gained the most, up 1.8 percent and 1.6 percent, respectively, while the Nifty Pharma index fell 0.8 percent.

MARKET UPDATE: Sensex advanced over 300 points to trade at 59,549 levels while Nifty50 rose over 50 points to trade above 17,600 levels

MARKET UPDATE: Sensex advanced over 300 points to trade at 59,549 levels while Nifty50 rose over 50 points to trade above 17,600 levels
Friday, October 21, 2022
Indian equity markets edged higher in today's( 21 October 2022) intra-day trade despite dim global cues. Key indices Nifty50 rose over 50 points to trade above 17,600 levels and the S&P BSE Sensex advanced over 300 points to trade at 59,549 levels. Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.4 percent. Barring Nifty IT, Nifty Metal, and Nifty Media indices, all sectors traded on a positive note. The nifty PSU Bank index gained the most, over 2 percent. Under individual stocks, shares of Axis Bank surged over 6 percent after the lender posted a 70 percent YoY rise in standalone net profit to Rs 5,329.7 crore in Q2FY23. Also, shares of Lakshmi Machine Works rose over 3 percent after consolidated net profit climbed 139.6 percent YoY to Rs 104.30 crore in Q2FY23.

Canara Bank Q2 profit jumps 89% to Rs 2,525 cr

Canara Bank Q2 profit jumps 89% to Rs 2,525 cr
Thursday, October 20, 2022
Canara Bank shares gained as much as 4 % on October 20 after it reported an 89 percent jump in net profit to Rs 2,525 crore in July-September (Q2 FY23), beating Street estimates by a wide margin, aided by lower tax costs and healthy net interest income. Higher other income and operating performance also supported profitability with improved asset quality. In the year-ago period, the state-owned lender had reported a net profit of Rs 1,333 crore. The total income also rose to Rs 24,932.19 crore during July-Sep this year against Rs 21,331.49 crore in the same period of 2020-21. According to a regulatory filing, its net interest income - or the difference between interest earned and interest paid - increased 18.5 percent to Rs 7,434 crore compared to Rs 6,273 crore. Non-interest revenue grew 13 % YoY to Rs 4,825 crore in the same period. Net interest margin (NIM), a measure of profitability, of the bank, stood at 2.86 % compared to 2.78 % in the previous quarter and 2.77 % a year ago. Read more

Closing Bell: Sensex gains 96 points, Nifty at 17563.95

Closing Bell: Sensex gains 96 points, Nifty at 17563.95
Thursday, October 20, 2022
At Close, the Sensex was up 95.71 points or 0.16% at 59,202.90, and the Nifty was up 51.70 points or 0.30% at 17,564.00.Nestle India, HUL, ITC, HCL Tech, and Reliance Industries were the top Nifty gainers, while losers were IndusInd Bank, Hindalco, Bajaj Auto, Coal India, and Tata Motors. About 1597 shares have advanced, 1721 shares declined, and 129 shares are unchanged. Among sectors, the Nifty Private Bank index declined the most, down 1 percent. Nifty Auto, Nifty Metal, and Nifty Consumer Durables indices declined over 1 percent. On the contrary, the Nifty PSU Bank index and IT indices climbed over 2 percent, and 1.4 percent, respectively. In the broader markets, the BSE MidCap index underperformed peers as it fell 0.18 percent. The BSE SmallCap index, meanwhile, settled unchanged.

MARKET UPDATE: Nifty50 declined over 50 points to trade below 17,450 levels and the Sensex lowered over 200 points to trade at 58,873 levels

MARKET UPDATE: Nifty50 declined over 50 points to trade below 17,450 levels and the Sensex lowered over 200 points to trade at 58,873 levels
Thursday, October 20, 2022
Indian equity markets edged lower in today's(20 October 2022) intra-day trade amid weak global cues and muted foreign flows. Key indices Nifty50 declined over 50 points to trade below 17,450 levels and the S&P BSE Sensex lowered over 200 points to trade at 58,873 levels. A similar trend was seen across broader markets as Nifty Midcap 100 and Nifty Smallcap 100 slipped up to 0.8 percent. All sectors plunged into the sea of red as investors' risk appetite worsened. Nifty Auto, Nifty Metal, and Nifty Consumer Durables indices declined the most - over 1 percent. In individual stocks, shares of Nestle India gained over 1 percent after the company posted 8.3 percent YoY growth in net profit to Rs 668 crore in Q3, above street estimates. In addition, profit-booking was seen in IndusInd Bank as shares dropped over 6 percent after the company clocked 57 percent YoY standalone net profit growth to Rs 1,805 crore in Q2FY23.

UltraTech Cement's Q2 net profit falls 42% to Rs 759 cr

UltraTech Cement's Q2 net profit falls 42% to Rs 759 cr
Wednesday, October 19, 2022
Aditya Birla group firm UltraTech Cement Ltd on Wednesday reported a 42% decline in its consolidated profit after tax (PAT) at ₹759 crores for the quarter ended September 2022, as against ₹1,310 crore in the year-ago quarter. On a sequential basis, UltraTech's profit was down 52 percent from Rs 1,582 crore in the April-June period. Its revenue from operations rose 15.61 percent to Rs 13,892.69 crore during the quarter under review as against Rs 12,016.78 crore in the corresponding period of the last fiscal. The sharp fall in the net profit was due to higher costs and weak profitability. The cement major’s consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter dropped more than 31% YoY to Rs 1,866.64 crore. The operating margin shrunk by a whopping 914 basis points to 13.4%. Read more

Closing Bell: Sensex gains140 points, Nifty at 17512.25

Closing Bell: Sensex gains140 points, Nifty at 17512.25
Wednesday, October 19, 2022
At Close, the Sensex was up 146.59 points or 0.25% at 59,107.19, and the Nifty was up 25.30 points or 0.14% at 17512.30.HDFC, Nestle India, ITC, Reliance Industries and Axis Bank were among the top Nifty gainers, while NTPC, JSW Steel, SBI, Bajaj Finserv, and Coal India were the top losers. About 1592 shares have advanced, 1724 shares declined, and 149 shares are unchanged. Sectorally, Nifty FMCG, Nifty Realty, and Nifty Bank indices led the charge as they surged up to 0.4 percent. However, Nifty IT, Nifty Pharma, and Nifty Metal indices declined in the range of 0.2-0.5 percent. Nifty MidCap 100 and Nifty SmallCap 100 advanced up to 0.5 percent. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. The rupee ended at a fresh record closing low of 83 per dollar against the previous close of 82.36.

MARKET UPDATE: Nifty50 climbed over 50 points to trade above 17,550 levels, whereas the S&P BSE Sensex surged over 250 points to trade at 59,212 levels

MARKET UPDATE: Nifty50 climbed over 50 points to trade above 17,550 levels, whereas the S&P BSE Sensex surged over 250 points to trade at 59,212 levels
Wednesday, October 19, 2022
Domestic equity markets edged higher in today's(19 October 2022) intra-day trade amid mixed global cues, falling crude prices, and strong domestic flows. Frontline indices Nifty50 climbed over 50 points to trade above 17,550 levels, whereas the S&P BSE Sensex surged over 250 points to trade at 59,212 levels. The strength was spilled across broader markets as Nifty MidCap 100 and Nifty SmallCap 100 advanced up to 0.3 percent. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. Sectorally, Nifty FMCG, Nifty Realty, and Nifty Bank indices led the charge as they surged up to 0.4 percent. However, Nifty IT, Nifty Pharma, and Nifty Metal indices declined in the range of 0.2-0.5 percent. Among individual stocks, shares of Bharat Electronics gained over 1 percent after the company inked a pact with defense PSU Munitions India. Besides that, profit-booking was seen in L&T Technology Services after shares declined over 2 percent post-upbeat Q2FY23 performance.

Tata Elxsi dips 15% after Q2 result

Tata Elxsi dips 15% after Q2 result
Tuesday, October 18, 2022
Shares of Tata Elxsi hit a three-month low of Rs 7,204, falling 7.50 percent on the BSE in Tuesday's intra-day trade, in an otherwise weak market. The stock has slipped 15 percent in the past two trading days after the Tata Group company reported a sequential decline in its net profit. The Tata Group firm reported a 39.1 percent rise in net profit at Rs 174.3 crore in Q2, up from a year-ago period of Rs 125.3 crore. However, the earnings fell below market expectations. On October 14, the company said its revenue from operations grew 28 percent year-on-year to Rs 763.2 crore in the September quarter. Profit after tax grew 39.1 percent and the employee mark crossed 11,000 with 1,532 net additions in the quarter. Ebitda's profit margin came in at 29.7 percent. Read more

Closing Bell: Sensex up 550 points, Nifty at 17486.95

Closing Bell: Sensex up 550 points, Nifty at 17486.95
Tuesday, October 18, 2022
At Close, the Sensex was up 549.62 points or 0.94% at 58,960.60, and the Nifty was up 175.20 points or 1.01% at 17,487. The gains were largely led by bank, auto, IT, and FMCG stocks.SBI, Adani Ports, Eicher Motors, Nestle India, and SBI Life Insurance were among the top Nifty gainers. NTPC, HDFC, Bajaj Auto, Tech Mahindra, and Britannia Industries were the top losers. About 2007 shares have advanced, 1332 shares declined, and 119 shares are unchanged. In the broader markets, the Nifty MidCap and SmallCap indices gained 1.2 percent, and 0.75 percent, respectively. Among sectors, FMCG, auto, capital goods, power, PSU Bank, and realty are up 1-4 percent. Overall, the market breadth firmly favored buyers in the ratio of 2:1.

MARKET UPDATE: Nifty50 climbed over 200 points to trade above 17,500 levels and the S&P BSE Sensex surged over 700 points to trade at 59, 127 levels

MARKET UPDATE: Nifty50 climbed over 200 points to trade above 17,500 levels and the S&P BSE Sensex surged over 700 points to trade at 59, 127 levels
Tuesday, October 18, 2022
Opening Bell: Indian equity markets were trading higher today(18 October 2022) amid strong global cues and falling crude oil prices. Key indices Nifty50 climbed over 200 points to trade above 17,500 levels and the S&P BSE Sensex surged over 700 points to trade at 59, 127 levels. Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 advanced 0.7 percent each. All sectors started to trade on a firm note. Nifty Media, Nifty Auto, and Nifty IT indices gained the most - up to 2 percent. Among individual stocks, shares of Zee Entertainment surged over 4 percent after Invesco Developing Markets Fund sold a 10.14 percent stake via a block deal. In addition, shares of Adani Transmission gained over 2 percent after the company saw a 13 percent jump in the number of electricity units sold during Q2FY23.

PVR posts wider-than-expected Q2 loss at Rs 71 cr

PVR posts wider-than-expected Q2 loss at Rs 71 cr
Monday, October 17, 2022
On Monday, leading multiplex chain operator PVR Ltd reported a bigger-than-expected second quarter (Q2FY23) loss at ₹71.23 crores, as lackluster Bollywood and Hollywood movie performances drew fewer crowds, hitting ticket prices. The company had posted a consolidated loss after tax of Rs 153.27 crore in the year-ago period. The company's revenue from operations was up at ₹686.72 crores during the quarter under review. It was ₹120.32 crore in the corresponding quarter last fiscal.PVR Ltd said that total expenses were higher at Rs 813.33 crore compared to Rs 460.68 crore. PVR's total income was also up at ₹703.13 crores, as against ₹275.21 crores in the corresponding quarter. EBITDA for the quarter came at ₹170 crores, compared to ₹86.8 crores for the corresponding quarter in FY22. Admissions and average ticket prices during the quarter were impacted by the weak performance of Bollywood and Hollywood movies, PVR said in an exchange filing. Read more

Closing Bell: Sensex gains 491 points, Nifty at 17311.80

Closing Bell: Sensex gains 491 points, Nifty at 17311.80
Monday, October 17, 2022
At Close, Sensex gained 491 points or 0.8 percent to finish at 58411, while NSE Nifty 50 index settled at 17311.80, up 0.7 percent or 126 points. The gains in the benchmark indices were led by SBI, NTPC, RIL, ICICI Bank, Bajaj Auto, SBI Life, Axis Bank, Bajaj Finserv, Dr. Reddy's Labs, IndusInd Bank, Maruti Suzuki, HUL, Hero MotoCorp.On the flip side, L&T, HCL Tech, Wipro, Tata Steel, Nestle India, and Bharti Airtel were among the top index laggards. Sectorally, the Nifty PSU Bank index climbed 3.6 percent, the Nifty Bank index 1.6 percent, Nifty Financial Services, and Private Bank indices up to 1.5 percent, and the Nifty IT index 0.3 percent. In the broader market, the Nifty MidCap index was up 0.24 percent, while the Nifty SmallCap index added 0.5 percent.

MARKET UPDATE: Nifty50 lowered over 30 points to trade below 17,150 levels and the BSE Sensex declined over 100 points to trade at 57,811 levels

MARKET UPDATE: Nifty50 lowered over 30 points to trade below 17,150 levels and the BSE Sensex declined over 100 points to trade at 57,811 levels
Monday, October 17, 2022
Opening Bell: Indian equity markets opened flat today( 17 October 2022) amid weak global cues and muted foreign flows. Key indices Nifty50 lowered over 30 points to trade below 17,150 levels and the S&P BSE Sensex declined over 100 points to trade at 57,811 levels. Weakness ensued in the broader markets as Nifty MidCap 100 and Nifty SmallCap 100 indices dropped up to 0.2 percent. Volatility gauge, India VIX, meanwhile, climbed over 4 percent. Barring Nifty Bank which started trade in the green zone, all other sectors nosedived in the sea of red. The Nifty Metal index declined the most, with over 1 percent in trade. Read more

Federal Bank gains 6 percent, net profit at 704 cr

Federal Bank gains 6 percent, net profit at 704 cr
Friday, October 14, 2022
Shares of Federal Bank surged 6 percent to hit an all-time high of Rs 132.10 on the BSE in Friday’s intra-day trade on heavy volumes after the bank delivered its highest-ever quarterly net profit at Rs 704 crore (up 53 percent year-on-year) in the September quarter (Q2FY23). Net profit in the year-ago period stood at Rs 460 crore. Meanwhile, the lender's net income interest (NII), which is the difference between the interest earned and expended, rose about 19% to ₹1,762 crores from ₹1,479.4 crore year-on-year (YoY). On the other hand, its net interest margin (NIM) improved to 3.30%, higher by 10 bps YoY and 8 bps QoQ. Asset quality of the bank improved as gross non-performing assets (NPA) came at 2.46 percent as compared to 2.69 percent in the preceding quarter. The bank’s net NPA stood at 0.78 percent as against 1.12 percent in Q2FY22. Its provision and contingencies rose to ₹267.8 crores from ₹166 crores on a sequential basis, however, dipped as compared to ₹292 crores in September Read more

Closing Bell: Sensex gains 684 points, Nifty at 17185.70

Closing Bell: Sensex gains 684 points, Nifty at 17185.70
Friday, October 14, 2022
At Close, the Sensex was up 684.64 points or 1.20% at 57,919.97, and the Nifty was up 171.40 points or 1.01% at 17,185.70, led by strong gains in IT major Infosys and the HDFC twins. Infosys, HDFC Bank, HDFC, UPL, and HCL Tech were among the top Nifty gainers. ONGC, M&M, Bajaj Auto, JSW Steel, and Hindalco Industries were the top losers. About 1757 shares have advanced, 1591 shares declined, and 146 shares are unchanged. Bank, capital goods, healthcare, and IT indices rose 0.5-1.8 percent, while metal, power, and oil & gas indices were down 0.5-1 percent each. The BSE Midcap index was up 0.1 percent, while the Smallcap index ended unmoved.

India to become world's third-largest economy by FY28 : IMF

India to become world's third-largest economy by FY28 : IMF
Friday, October 14, 2022
$4.94 trillion that year. The following year, India’s economy would hit the $5.36-trillion mark, higher than Japan’s at $5.17 trillion. That year, India would become the third-largest economy. The size of India’s economy was $3.18 trillion in 2021-22 (FY22), while Britain’s was $3.19 trillion in 2021, according to the flagship publication by the Fund. The size of India’s economy is calculated on a financial year basis (April to March). For other economies, it is on a calendar year basis. Earlier, there was a Bloomberg report that stated that India has overtaken the UK in the fourth quarter of FY22, basing it on World Bank data. However, that comparison was made on quarterly figures, not yearly. Read more

MARKET UPDATE: Sensex climbed over 1,000 points to trade at 58,267 levels, while Nifty50 surged over 300 points to trade above 17,300 levels

MARKET UPDATE: Sensex climbed over 1,000 points to trade at 58,267 levels, while Nifty50 surged over 300 points to trade above 17,300 levels
Friday, October 14, 2022
Opening Bell: Bulls took control of Indian markets as they opened higher today(14 October 2022) amid strong global cues and easing crude oil prices. Key indices Nifty50 surged over 300 points to trade above 17,300 levels and the S&P BSE Sensex climbed over 1,000 points to trade at 58,267 levels. The strength spilled across broader markets as Nifty MidCap 100 and Nifty SmallCap 100 advanced over 1 percent each. All sectors were in positive territory with Nifty Bank and Nifty IT indices leading the front. Among individual stocks, shares of Infosys rose over 5 percent after the IT major reported a better-than-expected net profit of Rs 6,021 crore, up 11 percent YoY in Q2FY23. Besides, the shares of Mindtree gained over 2 percent after the company reported a 27 percent rise YoY in net profit to Rs 509 crore in Q2FY23, which was above street estimates.

Infosys Q2 result profit rises 11% YoY to Rs 6,021 cr

Infosys Q2 result profit rises 11% YoY to Rs 6,021 cr
Thursday, October 13, 2022
IT primary Infosys Ltd on Thursday reported an 11% jump in consolidated net profit at Rs 6,021 crore for the quarter ending September 30, 2022, up 11.1 percent from Rs 5,421 core reported in the same quarter of the previous year. It reported a 23.4 percent YoY jump in consolidated revenue for the September quarter to Rs 36,538 crore as against Rs 29,602 crore in Q2FY22. Numbers were in-line with projections. A poll of analysts had projected a 24 percent year-on-year (YoY) growth in revenue and 11 percent in net profit. Infosys has also announced a share buyback worth Rs 9,300 crore. Under the buyback program, the price will not exceed Rs 1,850 per equity share. The price is 30% higher than the company shares' closing price of Rs 1,422 apiece on Thursday. The IT major will also pay an interim dividend totaling Rs 6,940 crore to the shareholders at Rs 16.5 per equity share. Read more

Closing Bell: Sensex falls 390.58 , Nifty at 17014.35

Closing Bell: Sensex falls 390.58 , Nifty at 17014.35
Thursday, October 13, 2022
At Close, the Sensex was down 390.58 points or 0.68% at 57,235.33, and the Nifty was down 109.30 points or 0.64% at 17,014.30. following a steep rise in India's retail inflation to 7.41 percent in September, which in turn prompted fears of another 50 basis points rate hike by the RBI. Wipro, Adani Ports, SBI, SBI Life Insurance, and L&T were among the top Nifty losers, while HCL Tech, Sun Pharma, Coal India, Britannia, and Tata Motors were the top gainers. About 1283 shares have advanced, 2054 shares declined, and 130 are unchanged. Among sectoral indices, the BSE Bankex and Capital Goods were the major losers, down over a percent each. The Power and Realty indices too shed a percent each. However, the Healthcare and Metal indices managed to end with notional gains. In the broader markets, the BSE Midcap index and Smallcap indices fell 0.5% each. The focus will now be on the US CPI data to be released later today.

MARKET UPDATE: Sensex fell over 250 points to hit a low of 57,360 levels, while Nifty50 declined over 50 points to test 17,050 levels

MARKET UPDATE: Sensex fell over 250 points to hit a low of 57,360 levels, while Nifty50 declined over 50 points to test 17,050 levels
Thursday, October 13, 2022
Indian equity markets edged lower in today's(13 October 2022) intra-day trade amid weak global cues and subdued foreign flows. Key indices Nifty50 declined over 50 points to test 17,050 levels and the S&P BSE Sensex fell over 250 points to hit a low of 57,360 levels. Broader markets, too, plunged in tandem as Nifty MidCap 100 and Nifty SmallCap 100 declined up to 0.5 percent. Volatility gauge, India VIX, meanwhile, climbed over 1 percent. All sectors traded on a volatile note. The nifty Metal index gained the most, over 1 percent. Nifty Bank, and Nifty IT indices, meanwhile, declined up to 0.5 percent. Among individual stocks, shares of HCL Technologies surged over 4 percent after the IT major raised its full-year revenue growth guidance to 13.5-14.5 percent. Besides, shares of Wipro tumbled over 6 percent to hit a fresh 52-week low after the company's Q3FY23 revenue growth guidance was below street estimates.

HCL Tech net profit rises 7% to Rs 3,489 crore in Q2, firm declares Rs 10 dividend

HCL Tech net profit rises 7% to Rs 3,489 crore in Q2, firm declares Rs 10 dividend
Wednesday, October 12, 2022
IT firm HCL Tech on Wednesday reported a 7% rise in consolidated net profit at Rs 3,489 crore for the quarter ending September 30, 2022. It reported a consolidated net profit of Rs 3,259 crore in the year-ago period. Revenue from operations of the company stood at Rs 24,686 crore, clocking a 19.5 percent growth over Rs 20,655 crore last year. Sequentially, revenue rose 5.2 percent quarter on quarter (QoQ) from Rs 23,464 crore. Profit climbed 6.27 percent compared to Rs 3283 crore in the previous quarter. HCL Tech has delivered yet another solid performance this quarter with revenue growing at 3.8% QoQ and 15.8% YoY in constant currency and EBIT at 18% up 93 bps QoQ. Our services business grew 5.3% QoQ and 18.9% YoY in constant currency, led by strong demand for Cloud, Engineering, and Digital services.HCL Tech said it won 11 large deals – 8 in services and 3 in products. The total contract value of new deal wins was at $ 2,384 million, up 16 percent QoQ, up 6 percent YoY. Read more

Closing Bell: Sensex gains 478 points, Nifty at 17123.60

Closing Bell: Sensex gains 478 points, Nifty at 17123.60
Wednesday, October 12, 2022
At Close, the Sensex was up 478.59 points or 0.84% at 57,625.91, and the Nifty was up 140.10 points or 0.82% at 17,123.60, backed by steady gains in FMCG, power, and select financial shares. The overall mood turned cautiously positive as the US, and UK stock futures edged higher. Stocks of PowerGrid Corporation of India, Axis Bank, IndusInd Bank, NTPC, M&M, and Reliance Industries Ltd (RIL), were among the top index gainers. On the contrary, Asian Paints, Dr. Reddy’s Laboratories, Bharti Airtel, ICICI Bank, and Titan Company were among the top index laggards. All the sectoral indices ended in green. Bank Nifty jumped more than 1 percent to settle at 39,119.BSE midcap index rose 0.6 percent and smallcap index added 0.2 percent.

MARKET UPDATE: Sensex was up over 200 points to trade at 57,362 levels, while Nifty50 up over 50 points to trade above 17,050 levels

MARKET UPDATE: Sensex was up over 200 points to trade at 57,362 levels, while Nifty50 up over 50 points to trade above 17,050 levels
Wednesday, October 12, 2022
Opening Bell: Indian equity markets edged higher in today's(12 October 2022) trade amid mixed global cues and falling crude oil prices. Key indices Nifty50 was up over 50 points to trade above 17,050 levels, whereas the S&P BSE Sensex was up over 200 points to trade at 57,362 levels. Broader markets, too, climbed in the trade as Nifty MidCap 100 and Nifty SmallCap 100 surged up to 0.4 percent. Sector-wise, all sectors opened on a volatile note. Nifty FMCG, Nifty IT, and Nifty Realty indices gained marginally in trade - up to 0.6 percent. Read more

Infosys to consider share buyback on October 13

Infosys to consider share buyback on October 13
Tuesday, October 11, 2022
IT major Infosys on Monday said it would consider a proposal for share buyback on Thursday when it is scheduled to report its quarterly earnings results. The Board of the Company will consider a proposal for buyback of fully paid-up equity shares of the Company at its meeting to be held on October 13, 2022,” Infosys said. The company is scheduled to announce its results for the second quarter of FY23 on the same day. If Infosys announces a share buyback program, this would be the fourth such corporate action in the history of the company. The first share buyback program of Rs 13,000 crore was announced by the Bengaluru headquartered company in 2017 through the tender offer route. It was followed by an Rs 8,260 crore issue in 2019 and Rs 9200 crore in 2021. The last two were executed through the open market route. The firm expects that the buyback will be valued between Rs 8,700 crore and Rs 9,500 crore. Read more

Closing Bell: Sensex crashes 843 points, Nifty at 16983.55

Closing Bell: Sensex crashes 843 points, Nifty at 16983.55
Tuesday, October 11, 2022
At Close, the Sensex was down 843.79 points or 1.46% at 57,147.32, and the Nifty was down 257.50 points or 1.49% at 16,983.50 for the third consecutive session with Nifty finishing below the 17,000 level. SBI Life Insurance, Bajaj Auto, HDFC Life, HUL, and Maruti Suzuki were among the major losers on the Nifty, while Adani Ports, Wipro, Adani Enterprises, HCL Technologies, and Tata Motors were the gainers. About 1036 shares have advanced, 2291 shares declined, and 133 are unchanged. All sectors swung between gains and losses, as Nifty IT, Nifty Media, and Nifty Metal indices gained marginally in trade. Nifty Bank, Nifty Realty, and Nifty Auto indices, however, declined up to 0.4%. BSE midcap and smallcap index fell over 1 percent each.

MARKET UPDATE: Sensex fell 150 points to trade at 57,853 levels and Nifty50 declined over 30 points to trade below 17,250 levels

MARKET UPDATE: Sensex fell 150 points to trade at 57,853 levels and Nifty50 declined over 30 points to trade below 17,250 levels
Tuesday, October 11, 2022
Opening Bell: Volatility gripped domestic equity markets today(11 October 2022) amid weak global cues and subdued foreign flows. Frontline indices Nifty50 declined over 30 points to trade below 17,250 levels and the S&P BSE Sensex fell 150 points to trade at 57,853 levels The broader markets, however, steered southwards as Nifty MidCap 100 and Nifty SmallCap 100 climbed up to 0.2 percent. Sector-wises, all sectors swung between gains and losses, as Nifty IT, Nifty Media, and Nifty Pharma indices gained marginally in trade. Nifty Bank, Nifty Realty, and Nifty Auto indices, however, declined up to 0.4 percent.

Closing Bell: Sensex down 200 points, Nifty at 17241.00

Closing Bell: Sensex down 200 points, Nifty at 17241.00
Monday, October 10, 2022
At Close, the Sensex was down 200.18 points or 0.34% at 57,991.11, and the Nifty was down 73.70 points or 0.43% at 17,241. Index heavyweights such as Reliance Industries Ltd (RIL), HDFC Bank, ITC, Housing Development Finance Corporation (HDFC), and Asian Paints contributed the most to the indices’ losses.TCS and Axis Bank rallied nearly 3 percent. The other prominent gainers were Maruti, Tech Mahindra, Wipro, and Infosys. About 1406 shares have advanced, 2056 shares declined, and 161 are unchanged. In the broader markets, the BSE Midcap and Smallcap indices were down over 0.5 percent each. Whereas, among sectors, the BSE IT index was the sole gainer - up nearly 1 percent. On the other hand, the Consumer Durables, Power, FMCG, and Capital Goods indices lost significant ground. The BSE Bankex was down marginally at the close, down 0.1 percent at 44,657, having recovered smartly from the day's low of 43,990.

MARKET UPDATE: Sensex fell over 700 points to trade at 57,480 levels and Nifty50 declined over 200 points to trade below 17,100 levels

MARKET UPDATE: Sensex fell over 700 points to trade at 57,480 levels and Nifty50 declined over 200 points to trade below 17,100 levels
Monday, October 10, 2022
Opening Bell: Today (10 October 2022) bears weighed domestic equity markets amid weak global cues, muted foreign flows, and higher crude oil prices. Key indices Nifty50 declined over 200 points to trade below 17,100 levels and the S&P BSE Sensex fell over 700 points to trade at 57,480 levels. The weakness spread to broader markets as Nifty MidCap 100 and Nifty SmallCap 100 lowered by over 1 percent each. Volatility gauge, India VIX, meanwhile, climbed over 6 percent. All sectors nosedived into the negative territory on the back of somber risk appetite. Nifty Bank, Nifty Auto, and Nifty FMCG indices tumbled the most - over 1 percent each. Read more

Titan shares jump on strong Q2 growth

Titan shares jump on strong Q2 growth
Friday, October 7, 2022
Shares of Titan Company rallied 6 percent to Rs 2,744.30 on the BSE in Friday’s intra-day trade after the Tata Group firm said its witnessed healthy double-digit growth across most businesses with overall sales growing 18 percent year-on-year (YoY) in the September quarter (Q2FY23). Titan’s mainstay jewelry business has emerged as a shining star during the quarter. Excluding the sale of bullion, jewelry revenues grew by 18% year-on-year, surpassing expectations. Gold jewelry clocked low double-digit growth whereas studded sales were higher than the overall division driven by good activations and better contributions from high-value purchases, the company said. Titan said the outlook for the festive season continues to be optimistic and is visible in positive consumer sentiment across categories. Read more

Closing Bell: Sensex down 30.81 points, Nifty at 17314.65

Closing Bell: Sensex down 30.81 points, Nifty at 17314.65
Friday, October 7, 2022
At Close, the Sensex was down 30.81 points or 0.05% at 58,191.29, and the Nifty was down 17.10 points or 0.10% at 17,314.70. Stocks of Titan Company, Power Grid Corporation of India, NTPC, Maruti Suzuki India, IndusInd Bank, Bharti Airtel, L&T, and Reliance Industries were among the top BSE Sensex gainers. Conversely, among index laggards, M&M, UltraTech Cement, State Bank of India, Tata Consultancy Services (TCS), and ITC. About 1915 shares have advanced, 1445 shares declined, and 96 are unchanged. Among sectors, metal, healthcare, oil & gas and IT were down 0.5 percent each, while realty, power, and capital goods ended in the green. In the broader markets, the BSE MidCap index fell 0.15 percent, while the BSE SmallCap index added 0.3 percent. Bank Nifty ended at 39,178, down 0.3 percent.

MARKET UPDATE: Markets volatile; Sensex was flat trade at 58,223 levels and Nifty50 turned green to trade flat above 17,300 levels

MARKET UPDATE: Markets volatile; Sensex was flat trade at 58,223 levels and Nifty50 turned green to trade flat above 17,300 levels
Friday, October 7, 2022
Opening Bell: Indian equity markets were volatile in today's (7 October 2022) intra-day trade, amid weak global cues and rising crude oil prices. Key indices Nifty50 turned green to trade flat above 17,300 levels and the S&P BSE Sensex was flat trade at 58,223 levels. Broader markets, too, swung between gains and losses in intra-day deals. The nifty SmallCap 100 index outperformed the benchmark, climbing over 0.2 percent. Barring Nifty Auto and Nifty IT indices, all sectors drowned in the sea of red. The nifty PSU Bank index was the worst hit in the trade as it declined over 1 percent. Among individual stocks, shares of Titan rallied over 6 percent after the company said that the overall sales grew by 18 percent YoY in the Q2 business update. Besides, shares of Nykaa gained over 1 percent after the company entered into a strategic alliance with Dubai-based fashion conglomerate Apparel Group to expand in the Gulf region.

Closing bell: Sensex closed at 58,222, up 157 points while Niftyclosed at 17,332, up 58 points

Closing bell: Sensex closed at 58,222, up 157 points while Niftyclosed at 17,332, up 58 points
Thursday, October 6, 2022
Closing bell: Indian equity markets were volatile in trade today (6 October 2022) as investors adjusted their positions amid the weekly F&O expiry. The S&P BSE Sensex oscillated within a narrow range of 405 points, before it closed at 58,222, up 157 points or 0.27 percent. The Nifty50, on the other hand, shut shop at 17,332, up 58 points or 0.33 percent. JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer Products, Shree Cement, and Wipro were the top gainers, up between 1 percent and 5 percent. On the downside, Bharti Airtel, HUL, HDFC, IndusInd Bank, Divis Labs, SBI Life, Britannia, HDFC Bank, and Bajaj Finance were the top laggards, down up to 2.5 percent. Read more

MARKET UPDATE: Sensex surged over 450 points to trade at 58,538 levels and Nifty50 climbed over 100 points to trade above 17,400 levels

MARKET UPDATE: Sensex surged over 450 points to trade at 58,538 levels and Nifty50 climbed over 100 points to trade above 17,400 levels
Thursday, October 6, 2022
Opening Bell: Indian equity markets opened higher in today's(6 October 2022) trade amid mixed global cues and strong foreign flows. Key indices Nifty50 climbed over 100 points to trade above 17,400 levels and the S&P BSE Sensex surged over 450 points to trade at 58,538 levels. The broader markets, too, traded on a firm note as Nifty MidCap 100 and Nifty SmallCap 100 rose up to 0.9 percent. All sectors were in Green. Nifty Media, Nifty Realty, Nifty IT, and Nifty Metal indices gained the most, in the range of 1 percent to 2 percent. Read more

Stock market highlights:: Sensex up 1,277 pts, ends above 58K; Nifty tops 17,250, up 387 points

Stock market highlights:: Sensex up 1,277 pts, ends above 58K; Nifty tops 17,250, up 387 points
Tuesday, October 4, 2022
A global rebound in market sentiment propelled Indian equities higher today(4 October 2022). The S&P BSE Sensex gained 1,277 points, or 2.25 percent, to settle at 58,065. It had touched an intra-day high of 58,100. On the NSE, the Nifty50 shut shop at 17,274, up 387 points or 2.29 percent. The index neared 17,300-mark in the intra-day deals. "Indices surged over 2 percent buoyed by positive global cues, and encouraging quarterly updates on advances, and collections from banks during the second quarter. Ahead of the festive season, the Street is optimistic about retail demand across segments. Participation of the IT sector today lent ammunition to the Bulls as almost all sectoral indices ended in the green. Positive tailwinds back home, amid gloom elsewhere in the globe, left Bears stranded today as the Sensex vaulted past 58,000," said a market expert. Read more

Adani Group stocks crack; Adani Enterprises and Adani Total Gas were the major losers

Adani Group stocks crack; Adani Enterprises and Adani Total Gas were the major losers
Monday, October 3, 2022
Shares of Adani Group stocks sank up to 10 percent, with the stock price of the flagship firm Adani Enterprises bearing the brunt of the selling pressure. The Adani Group stocks had been major outperformers so far this calendar year, hence the current selling can be attributed to profit-taking at these counters. Adani Enterprises was down for the seventh straight trading session, having corrected over 20 percent from its lifetime high to a low of Rs 3,105 today. However, in the past three months, the stock has outperformed the market by surging 48 percent, as against an 8 percent rise in the benchmark index. Read more

Closing bell: Choppy markets-Sensex settled at 56,789, down 638 points and Nifty50 closed 207 points lower at 16,887

Closing bell: Choppy markets-Sensex settled at 56,789, down 638 points and Nifty50 closed 207 points lower at 16,887
Monday, October 3, 2022
Indian equity markets were choppy today(3rd October 2022) as the global mood remained sombre, and investors booked profit after Friday's 2-per cent rally. The S&P BSE Sensex gyrated within a band of 771 points, before settling at 56,789, down 638 points or 1.11 percent. The NSE Nifty50, too, closed 207 points, or 1.21 percent, lower at 16,887. The index hit a high of 17,114.65, and a low of 16,855.55 during the day. Adani Enterprises was the biggest Nifty dragger as it dropped 9 percent. This was followed by selling in Eicher Motors, Maruti Suzuki, Adani Ports, Hindalco, Tata Consumer Products, HUL, Kotak Bank, ITC, HDFC Life, Britannia, SBI, and Tata Motors. All these stocks fell between 2 percent and 6 percent. On the upside, ONGC, Cipla, Coal India, Dr. Reddy's Labs, BPCL, Divis Labs, and Bharti Airtel helped trim losses. Read more

MARKET UPDATE: Sensex decreased over 250 points to trade at 57,168 levels while Nifty50 declined nearly 50 points to trade below 17,090 levels

MARKET UPDATE: Sensex decreased over 250 points to trade at 57,168 levels while Nifty50 declined nearly 50 points to trade below 17,090 levels
Monday, October 3, 2022
Opening Bell: Indian equity markets edged lower in today's (3rd October 2022) trade as investors digested rate hikes along with sluggish foreign inflows and muted global cues. Key indices Nifty50 declined nearly 50 points to trade below 17,090 levels and the S&P BSE Sensex decreased over 250 points to trade at 57,168 levels. The subdued risk appetite sent broader markets into a tailspin too, as Nifty MidCap 100 and Nifty SmallCap 100 lowered over 2 percent each. All sectors started trading on a volatile note. Nifty Energy, Nifty Media, and Nifty Pharma indices traded with marginal gains, whereas, Nifty Bank, Nifty Metal, and Nifty Auto indices were bogged down. While NTPC, Ultratech Cement, Sun Pharma, and Reliance Industries, attempted to trim losses for the benchmark indices; M&M, IndusInd Bank, Kotak Bank, and Titan, weighed on the indices. Among individual stocks, shares of ONGC soared over 5 percent after the government hiked prices of natural gas by 40 percent.

Historic gap with Indian stocks due to China's $5 trillion rout

Historic gap with Indian stocks due to China's $5 trillion rout
Sunday, October 2, 2022
Compared with a 23% slump for the MSCI China Index, the MSCI India Index rallied almost 10% in the just-ended quarter. The 33-percentage point outperformance by the India gauge is the biggest since March 2000. The big divergence between the two stock markets started to take place in February 2021 as tightening liquidity conditions in China contributed to the unwinding of a two-year rally in equities. Indian stocks, meanwhile, kept hitting record highs thanks to an unprecedented retail investing boom. Read more

Closing Bell: Sensex gains 1017 points, Nifty at @ 17094.35

Closing Bell: Sensex gains 1017 points, Nifty at @ 17094.35
Friday, September 30, 2022
At Close, the Sensex was up 1,016.96 points or 1.80% at 57,426.92, and the Nifty was up 276.20 points or 1.64% at 17,094.30, as the RBI delivered a 50-basis point repo rate hike, and underscored the resilience of the Indian economy in his statement. Stocks of Bharti Airtel, IndusInd Bank, Bajaj Finance, Titan Company, HDFC Bank, Kotak Mahindra Bank, Tata Steel, Maruti Suzuki, Axis Bank, and Reliance Industries were among the top index gainers. On the flip side, Asian Paints, Dr Reddy’s, ITC, Tech Mahindra, and Hindustan Unilever capped the index’s losses. Among sectors, the Nifty PSU Bank, and Private Bank indices advanced around 3 percent each, followed by the Nifty Metal, and Financial Services indices, up 2 percent each.BSE Midcap and Smallcap indices added 1 percent each.

MARKET UPDATE: Sensex shed over 200 points to trade at 56,200 levels, while Nifty50 declined over 40 points to trade below 17,800 levels

MARKET UPDATE: Sensex shed over 200 points to trade at 56,200 levels, while Nifty50 declined over 40 points to trade below 17,800 levels
Friday, September 30, 2022
Opening Bell: Indian equity markets edged lower in today's(30 September 2022) trade ahead of the Reserve Bank of India's (RBI) interest rate stance post their 3-day monetary policy committee meeting. Experts expect the central bank to raise interest rates up to 50 basis points. Key indices Nifty50 declined over 40 points to trade below 17,800 levels and the S&P BSE Sensex shed over 200 points to trade at 56,200 levels. The broader markets, too, lost steam as Nifty MidCap 100 and Nifty SmallCap 100 dropped over 0.1 percent each. Reduced risk appetite coupled with rate hike fears brought volatility across sectoral pockets. Nifty Metal and Nifty Pharma indices held up with marginal gains, whereas Nifty Realty, Nifty Bank, and Nifty Auto indices were beaten down in trade. Read more

Sensex and Nifty drop for seventh day running

Sensex and Nifty drop for seventh day running
Friday, September 30, 2022
Benchmark indices fell for the seventh day — their longest losing streak in seven months — ahead of a key rate-setting meeting of the Reserve Bank of India as the selloff in the global markets continued. The central bank is expected to raise the policy rate by 50 basis points (bps). The benchmark Sensex jumped over 500 points in opening trade following an overnight rebound in the US market. However, the optimism was short-lived as the US dollar’s ascent against global currencies continued. The 30-pack index closed at 56,410, down 188 points, or 0.33 percent, over the previous day’s close and 756 points below its day’s high. In the past seven trading sessions, the index is down 3,310 points, or 5.5 percent amid sustained selling by overseas funds, sparked by the decline in the rupee. Previously, the Sensex had declined for seven straight sessions in February. Read more

Closing Bell: Sensex down

Closing Bell: Sensex down
Thursday, September 29, 2022
At Close, Sensex was down 188.32 points or 0.33% at 56,409.96, and the Nifty was down 40.50 points or 0.24% at 16,818.10. Asian Paints, TCS, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance, and Reliance Industries, among others, contributed the most to the indices’ loss. About 1775 shares have advanced, 1435 shares declined, and 102 are unchanged. Among sectors, the Nifty Pharma index gained 1.3 percent, followed by the Nifty PSU Bank index up 1.1 percent, the power index down 1.3 percent, and FMCG, metal, and pharma indices were up 1 percent each. On the downside, the Nifty IT index fell 0.9 percent. In the broader markets, the Nifty MidCap, and SmallCap indices added 0.4 percent, and 0.6 percent, respectively.

MARKET UPDATE: Sensex jumped over 450 points to trade at 57,149 levels, while Nifty50 climbed over 150 points to trade above 17,000 levels

MARKET UPDATE: Sensex jumped over 450 points to trade at 57,149 levels, while Nifty50 climbed over 150 points to trade above 17,000 levels
Thursday, September 29, 2022
Opening Bell: Indian equity markets snapped the six-day losing streak in today's(29 September 2022) trade on the back of revived global sentiments. Key indices Nifty50 climbed over 150 points to trade above 17,000 levels and the S&P BSE Sensex jumped over 450 points to trade at 57,149 levels. Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged over 1 percent each. All sectors were in positive territory due to bullish sentiments. Nifty Media, Nifty Metal, and Nifty PSU Bank advanced in the range of 1 percent to 2 percent. While Tata Steel, IndusInd Bank, SBI, ITC, and Axis Bank, helped benchmark indices gain in trade; Asian Paints, Power Grid, TCS, and Nestle India, weighed on the indices.

MARKET UPDATE: Sensex dropped over 500 points to trade at 56,579 levels, while Nifty50 declined over 100 points to trade below 16,900 levels

MARKET UPDATE: Sensex dropped over 500 points to trade at 56,579 levels, while Nifty50 declined over 100 points to trade below 16,900 levels
Wednesday, September 28, 2022
Opening Bell: Weak foreign flows, tepid global sentiments, and hopes of tighter monetary policy drove Indian equity markets lower today (28 September 2022) morning. Key indices Nifty50 declined over 100 points to trade below 16,900 levels and the S&P BSE Sensex dropped over 500 points to trade at 56,579 levels. The muted risk appetite among investors also kept broader markets in negative territory as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped in the range of 0.6 to 0.7 percent. Likewise, all sectors started to trade in a bearish tone. Nifty Auto, Nifty Metal, and Nifty Bank indices faced the biggest fall as they declined over 1 percent each. Read more

Closing bell:BSE Sensex stood at 57,107.5, down 38 points and Nifty50 settled at 17,007, down 9 points

Closing bell:BSE Sensex stood at 57,107.5, down 38 points and Nifty50 settled at 17,007, down 9 points
Tuesday, September 27, 2022
Closing bell: Equity markets in India closed lower for a 4-straight day today(27 September 2022) as global growth concerns remained on investors' minds. The S&P BSE Sensex swung between gains and losses during the day, traversing 754 points intra-day. At close, the index stood at 57,107.5, down 38 points or 0.07 percent. The Nifty50, meanwhile, hit a high of 17,176, and a low of 16,942 during the day. It, eventually, settled at 17,007, down 9 points or 0.05 percent. The broader markets, on the other hand, outperformed as the Nifty MidCap, and SmallCap indices gained up to 0.2 percent. Read more

MARKET UPDATE: Sensex jumped over 350 points to trade at 57,535 levels, while Nifty50 climbed 100 points to trade above 17,100

MARKET UPDATE: Sensex jumped over 350 points to trade at 57,535 levels, while Nifty50 climbed 100 points to trade above 17,100
Tuesday, September 27, 2022
Opening Bell: Indian equity markets started today's (27 November 2022) trade on a positive note as global recession fears receded. Key indices Nifty50 climbed 100 points to trade above 17,100 and the S&P BSE Sensex jumped over 350 points to trade at 57,535 levels. Similar strength was reflected in broader markets too, as Nifty MidCap 100 and Nifty SmallCap 100 surged up to 0.6 percent. All sectors opened with marginal gains. Nifty PSU Bank, Nifty Media, Nifty Metal, and Nifty Auto indices climbed up to 1 percent in trade. Read more

Closing Bell: Sensex down 953 points, Nifty at 17016.30

Closing Bell: Sensex down 953 points, Nifty at 17016.30
Monday, September 26, 2022
At Close, the Sensex was down 953.70 points or 1.64% at 57,145.22, and the Nifty was down 311 points or 1.79% at 17,016.30. Stocks of index heavyweights such as Reliance Industries Ltd (RIL), ICICI Bank, ITC, HDFC Bank, Axis Bank, and Maruti Suzuki India contributed the most to the indices’ fall. About 630 shares have advanced, 2860 shares declined, and 120 are unchanged. All sectors plunged into the sea of red with the Nifty Auto, Nifty Metal, Nifty Media, and Nifty Realty indices taking the biggest hit. Weakness spread to broader markets, too, as Nifty MidCap 100 and Nifty SmallCap 100 indices dropped over 3 percent and 4 percent, respectively. The volatility gauge, India VIX, meanwhile, jumped over 8 percent.

India's FY23 GDP growth at 7.3% and inflation above 6%: S&P Global Ratings projection

India's FY23 GDP growth at 7.3% and inflation above 6%: S&P Global Ratings projection
Monday, September 26, 2022
S&P Global Ratings projected India's economic growth at 7.3% in the current fiscal with downside risks and said inflation is likely to remain above RBI's upper tolerance threshold. S&P Global Ratings today( 26 September 2022) projected India's economic growth at 7.3 percent in the current fiscal with downside risks and said inflation is likely to remain above RBI's upper tolerance threshold of 6 percent till the end of 2022. In its Economic Outlook for the Asia Pacific, S&P said India's growth next year will get support from domestic demand recovery after the coronavirus pandemic. "We have retained our India growth outlook at 7.3 percent for the fiscal year 2022-2023 and 6.5 percent for the next fiscal year, although we see the risks tilted to the downside," it said. Read more

MARKET UPDATE:Sensex declined over 750 points to trade at 57,282 levels, while Nifty50 shed over 200 points to trade below 17,100 levels

MARKET UPDATE:Sensex declined over 750 points to trade at 57,282 levels, while Nifty50 shed over 200 points to trade below 17,100 levels
Monday, September 26, 2022
Opening Bell: Indian equity markets opened lower today(26 September 2022) as sentiments remain muted overseas. Key indices Nifty50 shed over 200 points to trade below 17,100 levels and the S&P BSE Sensex declined over 750 points to trade at 57,282 levels. Weakness was observed in broader markets, too, as Nifty MidCap 100 and Nifty SmallCap 100 indices dropped over 2 percent each. All sectors were in red with Nifty Auto, Nifty Metal, and Nifty Realty indices bearing the brunt of the worst sell-off. While HUL, Bajaj Finserv, Infosys, Nestle India, and Ultratech Cement, attempted to trim losses for the benchmark indices; Power Grid, M&M, Maruti Suzuki, Tata Steel, and Wipro contributed to the sharp cuts. Among individual stocks, shares of Goa Carbon gained over 2 percent in a weak market after the company planned to mull fundraise on Thursday, September 29.

M&M Finance tanks 14% after RBI orders to stop using third party recovery agents

M&M Finance tanks 14% after RBI orders to stop using third party recovery agents
Friday, September 23, 2022
Shares of Mahindra & Mahindra (M&M) Financial Services tanked 14 percent to Rs 192.05 in Friday’s intra-day trade, after the Reserve Bank of India (RBI) directed the company to immediately cease any recovery or repossession activities via an outsource till further orders. In its order, the RBI also mentioned that the non-banking finance company may continue with recovery or repossession activities through its own employees. The directive comes days after external loan recovery agents of Mahindra Finance allegedly crushed a 27-year-old pregnant woman in Hazaribagh district in Jharkhand to death under a tractor. The agent was forcibly taking the vehicle away, financed by the company, for non-payment of dues, a senior police official had told PTI."This action is based on certain material supervisory concerns observed in the said NBFC, with regard to the management of its outsourcing activities," RBI said in a statement. Read more

Closing Bell: Sensex tanks 1021 points, Nifty at 17327.35

Closing Bell: Sensex tanks 1021 points, Nifty at 17327.35
Friday, September 23, 2022
At Close, the Sensex was down 1,020.80 points or 1.73% at 58,098.92, and the Nifty was down 302.50 points or 1.72% at 17,327.30.amid fears of a global recession. The stock of just Sun Pharma, ITC, and Tata Steel ended in the green. PowerGrid Corporation of India plunged over 8 percent, followed by NTPC, State Bank of India (SBI), Mahindra & Mahindra (M&M), Bajaj Finserv, Bajaj Finance, HDFC Bank, Housing Development Finance Corporation, among others dragged the index the most. About 959 shares have advanced, 2417 shares declined, and 106 shares are unchanged. Sectorally, the Nifty PSU Bank index plunged 4 percent, while the Nifty Bank, Private Bank, and Realty indices fell 2.6 percent each. The BSE MidCap and SmallCap indices underperformed the frontline indices as they declined between 2 percent and 2.3 percent.

MARKET UPDATE:Sensex declined over 250 points to trade at 58,867 levels, while Nifty50 dropped over 50 points to trade below 17,600 levels

MARKET UPDATE:Sensex declined over 250 points to trade at 58,867 levels, while Nifty50 dropped over 50 points to trade below 17,600 levels
Friday, September 23, 2022
Opening Bell: Indian equity markets opened lower in today's (23 September 2022) trade amid weak global cues and rising rate scenarios. Key indices Nifty50 dropped over 50 points to trade below 17,600 levels and the S&P BSE Sensex declined over 250 points to trade at 58,867 levels. The subdued risk appetite was witnessed in broader markets too, as Nifty SmallCap 100 and Nifty MidCap 100 indices slumped over 0.2 percent. All sectors traded on a volatile note. While Nifty Media, Nifty Pharma, and Nifty Metal indices opened with marginal gains; Nifty Bank, Nifty Realty, and Nifty Energy indices slipped the most - nearly 1 percent. Read more

Infosys share price hits 52-week low amid growth worries

Infosys share price hits 52-week low amid growth worries
Thursday, September 22, 2022
Shares of Infosys hit a 52-week low at Rs 1,360.15, down 1 % on the NSE in Thursday’s intra-day trade. The stock has dropped 14 percent so far in the last month and tanked almost 27% so far in 2022. amid growing concerns. Analysts peg more pain ahead for the Indian IT companies amid a likely slowdown in revenue growth of the US dollar. All eyes are on Accenture's FY23 growth outlook which will set the tone for growth expectations for the overall IT services industry. The US Fed hiked its benchmark interest rate by 75 basis points for the third consecutive time on Sept 21 and gave a hawkish outlook for future monetary tightening to curb the soaring inflation. The IT index hit an intra-day low of 26,552 and traded close to its 52-week low of 26,189 on the NSE. Global brokerage Goldman Sach downgraded its rating on Infosys from ‘Buy’ to ‘Sell’ last week, stating that it remained more optimistic on the EBIT margin estimations of Indian IT companies than their revenue prospects. Read more

Closing bell: Sensex down 337 points, Nifty at 17629.80

Closing bell: Sensex down 337 points, Nifty at 17629.80
Thursday, September 22, 2022
At Close, the Sensex was down 337.06 points or 0.57% at 59,119.72, and the Nifty was down 88.50 points or 0.50% at 17,629.80, as investors digested a 75-basis point interest rate hike by the US Federal Reserve. Besides, the weekly F&O derivatives expiry added to the volatility. ITC, Bajaj Finance, IndusInd Bank, NTPC, Kotak Mahindra Bank, Axis Bank, Nestle India, and Tata Steel were top Sensex gainers. Housing Development Finance Corporation (HDFC), Wipro, Tech Mahindra, Tech Mahindra, Dr. Reddy’s, HCL Tech, and Sun Pharma were Sensex losers. Sectorally, indices ended up mixed with the Nifty FMCG index rising over 1 percent, while the Nifty Bank and Financial Services indices fell to 1.4 percent each. The broader markets, on the contrary, ended in the positive zone, with the BSE MidCap and SmallCap indices advancing up to 0.5 percent.

MARKET UPDATE:Sensex declined over 450 points to trade at 58,996 levels, while Nifty50 dropped 100 points to trade below 17,650 levels

MARKET UPDATE:Sensex declined over 450 points to trade at 58,996 levels, while Nifty50 dropped 100 points to trade below 17,650 levels
Thursday, September 22, 2022
Opening Bell: Indian markets opened lower today(22 September 2022) after the US Federal Reserve's 75 basis point rate hike sent global markets into a tailspin. Key indices Nifty50 dropped 100 points to trade below 17,650 levels and the S&P BSE Sensex declined over 450 points to trade at 58,996 levels. Weakness ensued in the broader markets as well, as Nifty MidCap and SmallCap indices slipped up to 0.1 percent. Barring Nifty FMCG and Nifty Media, which opened with marginal gains, most sectors nosedived in negative territory. Nifty IT and Nifty Bank indices declined the most - up to 1 percent. While ITC, HUL, and Nestle India attempted to trim losses for the benchmark indices; Bajaj Finserv, Tech Mahindra, Wipro, and HDFC contributed to the sharp cuts.

Closing Bell: Sensex down 263 points, Nifty at 17718.35

Closing Bell: Sensex down 263 points, Nifty at 17718.35
Wednesday, September 21, 2022
At Close, the Sensex was down 262.96 points or 0.44% at 59,456.78, and the Nifty was down 98 points or 0.55% at 17,718.30, ahead of the US Federal Reserve's monetary policy outcome, which is due later tonight. Stocks of Hindustan Unilever Ltd (HUL), ITC, Bajaj Finance, Tech Mahindra, M&M, Reliance Industries, and Nestle India were the top Sensex gainers. On the contrary, IndusInd Bank, UltraTech Cement, Power Grid Corporation of India, L&T, NTPC, HCL Tech, and Dr. Reddy’s were among the top index laggards. About 1251 shares have advanced, 2115 shares declined, and 117 shares are unchanged. Among sectors, the Nifty FMCG index was the sole gainer, rising 1.2 percent. The losses, meanwhile, were led by the Nifty Metal index down 2 percent), the Nifty Pharma index 1.4 percent), and the Nifty Oil & Gas index 1.2 percent).In the broader market, the Nifty MidCap and SmallCap indices mildly underperformed the frontline indices as they fell 0.7 percent, and 1 percent, respectively.

MARKET UPDATE:Sensex was flat at 59,707 levels, while Nifty50was flat below 17,800 levels

MARKET UPDATE:Sensex was flat at 59,707 levels, while Nifty50was flat below 17,800 levels
Wednesday, September 21, 2022
Indian markets were flat on today's(21 September 2022) intra-day trade ahead of the US Federal Reserve's interest rate outcome. Key indices Nifty50 were flat below 17,800 levels and the S&P BSE Sensex was flat at 59,707 levels. Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 climbed up to 0.4 percent. All sectors traded on a volatile note as they swung between gains and losses. Nifty FMCG and Nifty Media indices climbed over 1 percent. On the other hand, Nifty Bank, Nifty Energy, and Nifty Realty indices were bogged down in trade. Read more

Advanced Enzyme surges 12% as Nalanda India Equity Fund ups stake by 3%

Advanced Enzyme surges 12% as Nalanda India Equity Fund ups stake by 3%
Tuesday, September 20, 2022
Shares of enzymes manufacturer Advanced Enzyme Technologies Ltd. jumped 12 percent to Rs 298 on the National Stock Exchange (NSE) on Tuesday's intraday, the most since February this year after Nalanda India Equity Fund increased its stake in the company. On September 20, 2022, Nalanda India Equity Fund purchased 2.91 million equity shares, representing a 2.6 percent stake in Advanced Enzyme Technologies, worth Rs 78.62 crore via block deal, NSE data shows. The sellers in this transaction were the company's promoters, who sold 25.7 lakh shares or 2.5 percent of the total equity. As of the quarter ended June, promoters held a 52.7 percent stake in the company. Nalanda India Equity Fund has been consistently increasing its stake in the company as evident from the data. As of the June quarter, the fund held a 6.2 percent stake in the company worth nearly Rs 200 crore. It had increased its stake in the March quarter this year to 6.1 percent from 4.7 percent last year. Read more

Global economy faces four key uncertainties

Global economy faces four key uncertainties
Tuesday, September 20, 2022
The global economy faces mainly four key uncertainties including a downturn next year, according to economic experts in a signal that policymakers will be in firefighting mode for longer. They listed the severity of the downturn, inflation’s trajectory in the medium term, the impact of geopolitics on markets, and climate risk on portfolios as the main risks to the global outlook. Singapore, like many economies worldwide, is grappling with inflation that’s yet to peak and a tight labor market that still is creating headaches for businesses short on workers as they emerge from the pandemic. Medium-term inflation is likely to be higher for longer, rather than recent benign price gains, and the era of cheap money and cheap labor are most likely over, say experts. Read more

Closing Bell: Sensex gains 578 points, Nifty at 17816.25

Closing Bell: Sensex gains 578 points, Nifty at 17816.25
Tuesday, September 20, 2022
At Close, the Sensex was up 578.51 points or 0.98% at 59,719.74, and the Nifty was up 194 points or 1.10% at 17,816.30, amid a broad-based rally. Stocks of IndusInd Bank, Tech Mahindra, Bajaj Finserv, HCL Tech, L&T, Tata Steel, and ICICI Bank were among the top Sensex gainers. While ICICI Bank, and Reliance Industries. HDFC Bank among others contributed the most to the indices gain. while losers included Nestle India, Shree Cements, Grasim Industries, Power Grid Corp, and Infosys. About 2038 shares have advanced, 1334 shares declined, and 123 are unchanged. The broad-based rally was led by the Nifty Pharma index, which rose nearly 3 percent today. Besides, the Nifty Auto and Private Bank indices advanced 1.7 percent each. The Nifty PSU Bank index eked out the least gains as it edged 0.5 percent higher.BSE Midcap and Smallcap indices rose 1-1.6 percent

MARKET UPDATE:Sensex climbed over 600 points to trade at 59,761 levels, while Nifty50 rose over 150 points to trade above 17,800 levels

MARKET UPDATE:Sensex climbed over 600 points to trade at 59,761 levels, while Nifty50 rose over 150 points to trade above 17,800 levels
Tuesday, September 20, 2022
Opening Bell: Indian equity markets opened higher today(20 September 2022) amid modest gains overseas. Key indices Nifty50 rose over 150 points to trade above 17,800 levels and the S&P BSE Sensex climbed over 600 points to trade at 59,761 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged over 1 percent each. All sectors started in positive territory, as Nifty IT and Nifty Media indices led the charge - up over 1 percent. IndusInd Bank, Tech Mahindra, HCL Technologies, Bajaj Finserv, and Infosys, were the top contributors to benchmark indices. Read more

Ambuja Cements, up 10% on Adani's Rs 20,000-cr funding plan

Ambuja Cements, up 10% on Adani's Rs 20,000-cr funding plan
Monday, September 19, 2022
Shares of Ambuja Cements rallied 10 percent to hit a new high of Rs 568 on the BSE in Monday’s intra-day trade following Adani Group's plans to infuse Rs 20,000 crore more in the company. With that, the stock has breached its previous high seen on 16 September. On September 15, 2022, Ambuja Cement’s new board approved an infusion of Rs 20,000 crore in the company by way of preferential allotment of 477.5 million convertible warrants at a price of Rs 419 to Harmonia Trade and Investment (promoter entity) on a preferential basis. The company said the issuance of warrants can be exercised and converted into equity shares in one or more tranches within 18 months. Since then, hopes have been running high that the new management would increase its focus on capacity expansions, where both the companies have been lagging competition, which in turn had weighed on their market share. Read more

Closing Bell: Sensex gains 300 points, Nifty at 17622.25

Closing Bell: Sensex gains 300 points, Nifty at 17622.25
Monday, September 19, 2022
At Close, the Sensex was up 300.44 points or 0.51% at 59,141.23, and the Nifty was up 91.50 points or 0.52% at 17,622.30, as investors awaited key central banks' decisions, including that of the US Federal Reserve, due later this week. Bajaj Finserv, M&M, Infosys, State Bank of India, Axis Bank, IndusInd Bank, and Power Grid Corporation of India were among the top index gainers. UltraTech Cement, Asian Paints, Titan Company, Tata Steel, HCL Tech, and Maruti Suzuki were index laggards. About 1665 shares have advanced, 1852 shares declined, and 127 are unchanged. The BSE MidCap and SmallCap indices slipped 0.16 percent each. Sectorally, the Nifty Metal, and Realty indices closed in the red, falling from 0.5 percent to 0.9 percent. On the contrary, the Nifty PSU Bank index advanced 2 percent, and the Nifty FMCG and Auto indices surged 1 percent each.

Will MPC raise repo rate 35-50 bps?

Will MPC raise repo rate 35-50 bps?
Monday, September 19, 2022
A heightened pace of policy tightening by central banks in advanced economies is increasing pressure on the RBI to continue front-loading rate hikes in order to maintain adequate interest rate differentials, analysts opined. Also, many financial experts expect the RBI to lower the GDP growth estimate to 7%. The Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) is likely to lift the policy repo rate by 35-50 basis points (bps) on September 30, as it seeks to bring back elevated domestic inflation within its target range.

MARKET UPDATE:Sensex traded at 58,828 levels, while Nifty50 opened flat to trade above 17,500 levels

MARKET UPDATE:Sensex traded at 58,828 levels, while Nifty50 opened flat to trade above 17,500 levels
Monday, September 19, 2022
Opening Bell: Indian equity markets opened flat today ( 19 September 2022) amid weak global cues due to rate hike fears. Key indices Nifty50 opened flat to trade above 17,500 levels and the S&P BSE Sensex traded at 58,828 levels. Broader markets, too, edged lower in the trade as Nifty SmallCap 100 and Nifty MidCap100 declined up to 1 percent. Barring Nifty PSU Bank, all sectors nosedived in negative territory. Nifty Media, Nifty Pharma, and Nifty Realty indices dropped the most - up to 1 percent. While Bajaj Finserv, Infosys, and Axis Bank, helped trim losses for the benchmark indices; HCL Technologies, Asian Paints, Dr. Reddy's, and Titan, contributed to the sharp cuts. Read more

Closing Bell: Sensex crashes 1093 points, Nifty at 17530.85

Closing Bell: Sensex crashes 1093 points, Nifty at 17530.85
Friday, September 16, 2022
At Close, Sensex declined 1,093.22 points or 1.82 percent to end at 58,840.79. Nifty ended 346.60 points lower at 17,530.80 as recession fears hammered global equities. Index heavyweights such as Reliance Industries, Infosys, HDFC Bank, Housing Development Finance Corporation, Tata Consultancy Services (TCS), and ICICI Bank among others, contributed the most to the indices fall. About 952 shares have advanced, 2455 shares declined, and 100 shares were unchanged. The Nifty MidCap 100 and SmallCap 100 fell in the range of 2.5 percent to 3 percent. Among sectors, IT and realty shed over 3 percent. The volatility index -- India VIX -- surged 8 percent today to settle near a 20-odd level.

MARKET UPDATE:Sensex declined over 400 points to trade at 59,533 levels, while Nifty50 opened over 100 points lower to trade below 17,800 levels

MARKET UPDATE:Sensex declined over 400 points to trade at 59,533 levels, while Nifty50 opened over 100 points lower to trade below 17,800 levels
Friday, September 16, 2022
Opening Bell: Indian equity markets opened lower today(16 September 2022) amid weak global cues. Frontline indices Nifty50 opened over 100 points lower to trade below 17,800 levels and the S&P BSE Sensex declined over 400 points to trade at 59,533 levels. Low-risk appetite instilled weakness in broader markets too, as Nifty Midcap 100 and Nifty Smallcap 100 dropped up to 0.3 percent. Tech Mahindra, M&M, Wipro, Maruti Suzuki, Infosys, and TCS, contributed to the sharp cuts in benchmark indices. Sun Pharma, Bajaj Finance, and Asian Paints, however, helped trim losses. All sectors plunged in the sea of red - Nifty Auto, Nifty Metal, and Nifty IT indices slipped the most, over 1 percent. Read more

PVR slips 5% after mega block deals

PVR slips 5% after mega block deals
Thursday, September 15, 2022
Shares of PVR dropped 5 percent to Rs 1,838 on the BSE in Thursday’s intra-day trade, after investors offloaded a 9 percent stake in the company via a block deal on Thursday. The investors who sold stakes in the company were - Multiples PE, Gray Birch, Plenty PE, and Berry Invt, the news channel reported. As per June 2022 shareholding pattern, Gray Brich Investment held 2.2 million (3.6 percent), while Plenty Private Equity FII held a 1.52 million (2.5 percent) stake in PVR. combined 10.25 million equity shares, representing 16.78 percent of the total equity of PVR, changed hands on the NSE and BSE, data shows. With Thursday’s decline, the stock corrected 17 percent, from its 52-week high level of Rs 2,211.55, that it had touched on August 4, 2022. The stock had been gaining after massive earnings from the movie Brahmastra. Read more

Bond investors risk getting burned if India fails to enter global indices

Bond investors risk getting burned if India fails to enter global indices
Thursday, September 15, 2022
If a long-awaited inclusion into global indexes once again fails to take place the overseas investors investing into into Indian bonds are at a risk of losses. Bond purchases by global funds under the so-called Fully Accessible Route jumped to 42 billion rupees ($529 million) in August, the most since January. They have already snapped up an additional 31 billion rupees of the securities in September. The inflows have added fuel to a bond rally driven by optimism that JPMorgan Chase & Co. will announce the inclusion of Indian debt in its emerging-markets index as early as the middle of this month. Any disappointment may damp sentiment and lead to a selloff, according to Quantum Asset Management Co.. Read more

Closing Bell: Sensex down 413 points, Nifty at 17877.40

Closing Bell: Sensex down 413 points, Nifty at 17877.40
Thursday, September 15, 2022
At Close, Sensex is down 413 points or 0.68 per cent at 59,934. The NSE Nifty, meanwhile, hit a low of 17,861, but ended at 17,877, down 126 points or 0.73 per cent.IT, pharma, and select metal stocks reeled under pressure today with Hindalco, Infosys, Cipla, Tech M, Tata Steel, Divis Labs, and Apollo Hospitals leading the list of Nifty losers. Other losers were Hero MotoCorp, Bajaj Finserv, Bajaj Auto, Titan, HDFC Life, IndusInd Bank, and Bajaj Finance. On the upside, banking and auto stocks zoomed with Maruti Suzuki, Eicher Motors, HDFC, SBI, ICICI Bank, and M&M rising up to 2.6 percent. About 1648 shares advanced, 1754 shares declined, and 113 shares were unchanged. Other gainers were Adani Ports, NTPC, PowerGrid, Grasim, and Coal India. Sectorally, Nifty Auto and Nifty Energy indices held marginal gains, while Nifty Media, Nifty IT, and Nifty Realty indices were subdued in trade. In the broader markets, the BSE MidCap and SmallCap indices advanced 0.3 percent and 0.06 percent.

MARKET UPDATE:Sensex climbed over 250 points to trade at 60,632 levels, while Nifty50 rose over 50 points to trade above 18,050 levels

MARKET UPDATE:Sensex climbed over 250 points to trade at 60,632 levels, while Nifty50 rose over 50 points to trade above 18,050 levels
Thursday, September 15, 2022
Opening Bell: Modest recovery in global markets spilled strength in Indian equity markets today (15 September 2022). Frontline indices Nifty50 rose over 50 points to trade above 18,050 levels and the S&P BSE Sensex climbed over 250 points to trade at 60,632 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.9 percent. Kotak Mahindra Bank, NTPC, M&M, HUL, ITC, and Maruti Suzuki were top contributors to the benchmark indices. Meanwhile, Tata Steel, Infosys, and IndusInd Bank weighed them down. Barring Nifty Media, all sectors started to trade on a positive note with marginal gains. Nifty Bank index hit an all-time high of 41,829. Read more

SBI market capitalisation hits Rs 5 lakh crore

SBI market capitalisation hits Rs 5 lakh crore
Wednesday, September 14, 2022
Shares of State Bank of India on Wednesday became the third lender after HDFC Bank and ICICI Bank. and the seventh Indian company to cross the Rs 5-trillion market cap for the first time after its shares rallied over 22 percent and touched a record high of Rs 564.45 so far this year. Market watchers believe that SBI should deliver healthy core-PPOP (Pre-Provision Operating Profit) growth in FY23E and FY24E led by a gradual improvement in net interest margins, lower credit costs, and strong loan growth over FY22-24E. According to stock market experts, SBI shares are in an ‘uptrend’ and the stock has a strong support base at ₹530 per share levels. They said that those who have this PSU bank stock in their portfolio should continue to hold the stock for an immediate target of ₹600 apiece levels. Read more

Closing Bell: Sensex ends low 224 points, Nifty at 18003.75

Closing Bell: Sensex ends low 224 points, Nifty at 18003.75
Wednesday, September 14, 2022
At Close, Sensex ended the day 224 points lower at 60,346. Nifty shed 66 points, closing at 18,003, despite weak global cues Stocks of NTPC, Asian Paints, Nestle India, Dr. Reddy’s, and Hindustan Unilever were among the top index gainers. Infosys, Tech Mahindra, Tata Consultancy Services, TCS, HCL Tech, Wipro, L&T, HDFC Bank, Reliance were among the top Sensex draggers. About 1632 shares have advanced, 1740 shares declined, and 140 shares were unchanged. The Nifty IT index slipped 3.4 percent, and the Nifty Metal and the Nifty Bank indices rose over 1 percent each. In the broader markets, the BSE MidCap index dipped 0.1 percent, while the BSE SmallCap index fell 0.01 percent. The volatility index -- India VIX -- surged 5 percent today.

MARKET UPDATE:Sensex slumped over 700 points to trade at 59,867 levels, while Nifty50 declined over 150 points to trade below 17,900 levels

MARKET UPDATE:Sensex slumped over 700 points to trade at 59,867 levels, while Nifty50 declined over 150 points to trade below 17,900 levels
Wednesday, September 14, 2022
Opening Bell: Indian equity indices started lower today (14 September 2022) due to weak global cues on the back of the hotter-than-expected US inflation report in August. Nifty50 declined over 150 points to trade below 17,900 levels, whereas the S&P BSE Sensex slumped over 700 points to trade at 59,867 levels. Broader markets, too, traded feebly as Nifty Smallcap 100 and Nifty Midcap 100 slipped over 1 percent. All sectors nosedived into negative territory with Nifty IT, Nifty Realty, and Nifty Metal indices bearing the brunt of the brutal selloff. Tech Mahindra, TCS, Wipro, and Infosys contributed heavily to the losses in benchmark indices. Asian Paints, NTPC, and Kotak Mahindra Bank, however, attempted to trim losses.

Fineotex Chemicals gained 100 percent in 2 months

Fineotex Chemicals gained 100 percent in 2 months
Tuesday, September 13, 2022
Shares of Fineotex Chemical rallied more than 9% on the BSE to hit a record high of ₹409.45 apiece on the BSE in Friday's trading session, backed by a strong business outlook. The specialty chemical stock has been in an upward moment over the past few sessions. In the past month, the stock has soared 57 percent after the company reported a strong set of numbers for the quarter that ended June 2022 (Q1FY23). In comparison, the S&P BSE Sensex was up 1.7 percent during the period. Further, in the past three months, the stock has zoomed 156 percent, against a 14 percent gain in the benchmark index.In a clarification sought by the stock exchanges for the significant movement in the stock price, the company in a regulatory filing last week said that “we would like to inform you that, at present the Board of the company has not taken any decision which has an impact on the movement in price. Further, the company has declared its yearly and quarterly positive results in the month of April Read more

Closing Bell: Sensex gains 456 points, Nifty at 18070.05

Closing Bell: Sensex gains 456 points, Nifty at 18070.05
Tuesday, September 13, 2022
At Close, Sensex ended the day 456 points higher at 60,566.16. Nifty gained 130.50 points to close above 18070.05 for the fourth day amid a broad-based rally. Stocks of Reliance Industries, Bajaj Finance, Titan Company, Infosys, Wipro, Tech Mahindra, and HDFC Bank were among the top BSE Sensex gainers. Index heavyweights such as Infosys, HDFC Bank, Bajaj Finserv, Reliance Industries, Bajaj Finance, and others contributed the most to the indices gain. The losers were Shree Cement, Cipla, Eicher Motors, TCS, BPCL, Dr Reddy's, and Bajaj Auto. About 1776 shares advanced, 1600 shares declined, and 101 were unchanged. Sectorally, the gains were led by the Nifty Metal index up 1.3 percent, the Nifty Financial Services index up 0.9 percent, and the Nifty Bank index up 0.71 percent.

MARKET UPDATE:Sensex gained over 300 points to trade at 60,432 levels, while Nifty50 opened over 100 points higher to reclaim the 18,000-mark

MARKET UPDATE:Sensex gained over 300 points to trade at 60,432 levels, while Nifty50 opened over 100 points higher to reclaim the 18,000-mark
Tuesday, September 13, 2022
Frontline indices Nifty50 opened over 100 points higher to reclaim the 18,000-mark, after a hiatus of five months, whereas the S&P BSE Sensex gained over 300 points to trade at 60,432 levels. The strength spilled across broader markets too, as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.6 percent. While Bajaj Finserv, SBI, Infosys, Wipro, Titan, and HDFC Bank were the top contributors to the benchmark indices; weakness in HCL Technologies, Asian Paints, Maruti Suzuki, Cipla, and Sun Pharma capped the upside. All sectors opened on a cheerful note with Nifty Media and Nifty Bank indices leading the pack. Among individual stocks, shares of Gujarat Apollo Industries hit a 20 percent upper circuit after the company inked a pact with Belgium-based PFH BV for agricultural components. Besides, shares of IRB Infrastructure gained over 4 percent after the company's toll collection rose 35 percent YoY to Rs 336 crore in August.

Closing Bell: Sensex gains 312, Nifty at 17936.35

Closing Bell: Sensex gains 312, Nifty at 17936.35
Monday, September 12, 2022
At Close, Sensex ended the day 312.26 points higher or 0.52 percent at 60,105.40, and Nifty added 97.50 points or 0.55 percent to close at 17,930.80. Tech Mahindra, Infosys, Tata Steel, HCL Tech, M&M, Wipro, TCS, Titan Company, ICICI Bank, Dr. Reddy’s, and Reliance, were among the top index gainers. HDFC (Housing Development Finance Corporation) was the only S&P BSE Sensex loser. About 2013 shares advanced, 1326 shares declined, and 143 remained unchanged. Sectorally, it was a sea of green with the Nifty Realty and IT indices leading the charts, rising 2 percent and 1.4 percent, respectively. The Nifty Auto index posted the smallest gain of 0.27 percent. Nifty Bank index was up 0.3 percent, to trade above 40,540. The BSE MidCap and SmallCap indices advanced up to 1 percent higher.

MARKET UPDATE:Sensex climbed over 250 points to trade at 60,048 levels, while rose over 50 points to trade above 17,900 levels

MARKET UPDATE:Sensex climbed over 250 points to trade at 60,048 levels, while rose over 50 points to trade above 17,900 levels
Monday, September 12, 2022
Opening Bell: Indian markets opened on a positive note today(12 September 2022) amid strong global cues. Frontline indices Nifty50 rose over 50 points to trade above 17,900 levels and the S&P BSE Sensex climbed over 250 points to trade at 60,048 levels. Broader markets, too, were upbeat in trade as Nifty Midcap 100 and Nifty Smallcap 100 rose up to 1 percent. Tech Mahindra, Bajaj Finserv, M&M, Dr. Reddy's, and Infosys were top contributors to the benchmark indices. Meanwhile, Hindustan Unilever, HDFC, Asian Paints, and Kotak Bank weighed on the indices. All sectors opened in a positive territory with Nifty Media and Nifty IT indices leading the pack. Read more

MARKET UPDATE: BSE Sensex climbed over 350 points to trade above 60,000 levels and the Nifty50 rose 100 points to trade above 17,900 levels

MARKET UPDATE: BSE Sensex climbed over 350 points to trade above 60,000 levels and the Nifty50 rose 100 points to trade above 17,900 levels
Friday, September 9, 2022
Opening Bell: Indian markets opened on a positive note in today's(9 September 2022) trade amidst mixed global cues. Frontline indices Nifty50 rose 100 points to trade above 17,900 levels and the S&P BSE Sensex climbed over 350 points to trade above 60,000 levels. Broader markets, too, climbed in tandem as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.6 percent. IndusInd Bank, ICICI Bank, SBI, HUL, and Tata Steel were top contributors to the benchmark indices. All sectors opened in green with Nifty Bank and Nifty Metal indices leading the charge.

MARKET UPDATE: Sensex climbed over 450 points to trade at 59,513 levels and the Nifty50 rose 100 points to trade above 17,700 levels

MARKET UPDATE: Sensex climbed over 450 points to trade at 59,513 levels and the Nifty50 rose 100 points to trade above 17,700 levels
Thursday, September 8, 2022
Opening Bell: Indian markets opened positively in today's (8 September 2022) trade amid firm global cues. Frontline indices Nifty50 rose 100 points to trade above 17,700 levels and the S&P BSE Sensex climbed over 450 points to trade at 59,513 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 1 percent. Tech Mahindra, Asian Paints, IndusInd Bank, ICICI Bank, and Infosys were the top contributors to the benchmark indices. All sectors opened in positive territory with Nifty IT and Nifty PSU Bank indices leading the trade. Among individual stocks, shares of NDTV hit a 5 percent lower circuit for the second consecutive day. Besides, shares of Max Ventures and Industries gained 2 percent after the company planned to buy Acreage Builders for Rs 322.5 crore.

MARKET UPDATE: Sensex dropped 400 points to trade at 58,769 levels and the Nifty50 declined 100 points to trade below 17,550 levels

MARKET UPDATE: Sensex dropped 400 points to trade at 58,769 levels and the Nifty50 declined 100 points to trade below 17,550 levels
Wednesday, September 7, 2022
Opening Bell: Indian markets opened weak in today's (7 September 2022) trade amidst dull global cues. Frontline indices Nifty50 declined 100 points to trade below 17,550 levels and the S&P BSE Sensex dropped 400 points to trade at 58,769 levels. Broader markets, however, outperformed benchmark indices as Nifty Midcap 100 and Nifty Smallcap 100 gained up to 0.2 percent. While Bharti Airtel, IndusInd Bank, and HDFC pulled the indices down; HUL, Dr. Reddy's, and Nestle India helped trim losses. All sectors plunged in a sea of red with Nifty IT, Nifty Bank, and Nifty Realty indices battered in trade. Among individual stocks, shares of Paras Defence gained 3 percent after the company inked a pact with Czech Republic's ELDIS Pardubice.

Working on road map to advanced economy: FM Nirmala Sitharaman

Working on road map to advanced economy: FM Nirmala Sitharaman
Tuesday, September 6, 2022
“The next 25 years will be very critical for India. We have to work towards maintaining the growth momentum. So together with the central bank, the ministry of finance will be working out a pathway which will be predictable and consistent and which will give every stimulus required for growth of the Indian economy,” Sitharaman said while speaking at an event organised by Elara Capital. Prime Minister Narendra Modi in his address to the nation on August 15 had called upon citizens to make India a developed nation when it celebrates 100 years of Independence in 2047. Read more

MARKET UPDATE: Sensex rose 300 points to 59,540, and the Nifty50 gained 81 points to 17,747

MARKET UPDATE: Sensex rose 300 points to 59,540, and the Nifty50 gained 81 points to 17,747
Tuesday, September 6, 2022
Opening Bell: Indian equity markets opened with nominal gains today(6 September 2022) tracking strength in Asian markets, which rose up to 1 percent. The BSE Sensex rose 300 points to 59,540, and the NSE Nifty50 gained 81 points to 17,747. Barring ITC and Nestle, all Sensex stocks opened higher. NTPC, IndusInd Bank, Reliance, Maruti, Powergrid, and Bharti Airtel were the top winners, up to 1 percent higher. The broader markets also started in green. The BSE MidCap and SmallCap indices were up to 0.7 percent higher. DreamFolks Services is set to make its debut today. The IPO was subscribed 56.68 times, and the issue price is fixed at Rs 326. As per IPO Watch, DreamFolks could list up to 30 percent higher than the issue price.

M&M Finance shares hit 52-week high on 75% growth in August disbursements

M&M Finance shares hit 52-week high on 75% growth in August disbursements
Monday, September 5, 2022
Shares of Mahindra & Mahindra Financial Services (MMFSL) hit a 52-week high of Rs 216.75 on the BSE, gaining 4 percent in Monday's intra-day trade after the company recorded a 75 percent on-year growth in disbursements in August, In an exchange filing last week, the company mentioned that it disbursed Rs 3,740 crore in August. However, on a sequential basis, the number is down 4.4 percent. The number is also lower than the disbursals made in July Rs 3,912 crore and June Rs 3,750 crore."The year-to-date (YTD) disbursement is at approximately Rs 17,150 crore and registered a YoY growth of 104 percent. This has resulted in YoY growth of around 12 percent and sequential month-on-month growth of around 3 percent in gross business assets," MMFSL said in the August month business update.The Collection Efficiency during the month of August remained stable at 96 percent, compared to 97 percent in August 2021.The figure has oscillated between the 95-97 percent mark over the last four months Read more

Closing Bell: Sensex gains 443 points, Nifty at 17665

Closing Bell: Sensex gains 443 points, Nifty at 17665
Monday, September 5, 2022
At close, the 30-pack Sensex was up 443 points, or 0.75 percent, at 59.246 and the Nifty ended the day with a gain of 126 points, or 0.72 percent, at 17,666 on robust economic growth prospects. Tech Mahindra, Kotak Mahindra Bank, ICICI Bank, HCL Tech, Reliance Industries, NTPC, Axis Bank, and State Bank of India were among the top S&P BSE Sensex gainers. Nestle India, Dr. Reddy’s, Hindustan Unilever, M&M, and Power Grid Corporation of India are among the top index losers. Nifty Metal climbed over 1.5 percent closely following Nifty Media which was up 2 percent. Nifty Bank index gained more than 0.6 percent to 39,666 on Monday. Nifty Private Bank index gained 1 percent gain. The BSE MidCap index added 0.46 percent to the broader market, and the BSE SmallCap index gained 0.9 percent.

MARKET UPDATE: Sensex opened 200 points higher topping 59,000, and Nifty50 gained 55 points to 17,594

MARKET UPDATE: Sensex opened 200 points higher topping 59,000, and Nifty50 gained 55 points to 17,594
Monday, September 5, 2022
Opening bell: Indian equity markets opened with tepid gains today(5 September 2022) as global sentiment remained mixed. The BSE Sensex opened 200 points higher topping 59,000, and the NSE Nifty50 gained 55 points to 17,594. On the Sensex, NTPC, Tata Steel, HCL Tech, Tech M, IndusInd Bank, and ICICI Bank were the top winners, while six stocks opened lower led by Nestle, Dr. Reddy's, and Wipro, which fell up to 0.4 percent. The broader markets are also firmly higher. The BSE MidCap and SmallCap indices rose up to 0.7 percent. Tamilnad Mercantile Bank’s three-day IPO offer will open for subscription today. The private sector lender has fixed the price band at Rs 500-525 per share for its Rs 832-crore initial share offer.

Larsen and Toubro gains 2 percent on strong revenue outlook

Larsen and Toubro gains 2 percent on strong revenue outlook
Friday, September 2, 2022
Shares of Larsen & Toubro hit an over six-month high of Rs 1,951 after rising 2 percent on the BSE in Friday’s intra-day trade as the company’s strong order book of nearly Rs 4 trillion suggests good revenue visibility in coming years. The stock was the trading highest level since February 2, 2022. L&T primarily operates in infrastructure, heavy engineering, defense engineering, power, hydrocarbon, and services business segments. The consolidated order book of the group was at a record Rs 3.63 trillion as on June 30, 2022, with international orders having a share of 28 percent In the April-June quarter (Q1FY23), L&T secured orders worth Rs 41,805 crore at the group level, registering a growth of 57 percent over the corresponding quarter of the previous year. The domestic order environment in Q1FY23 was also significantly better compared to Q1FY22.

Closing Bell: Sensex ends flat at 58803.33, Nifty at 17,539.50

Closing Bell: Sensex ends flat at 58803.33, Nifty at 17,539.50
Friday, September 2, 2022
At Close, the Sensex was up 36.74 points or 0.06% at 58,803.33, and the Nifty was down 3.30 points or 0.02% at 17,539.50, as a lack of domestic and global cues kept investors on the sideline. Shares of Adani Enterprises hit a record high of Rs 3,290 after they gained 2% on the NSE intra-day.BPCL, Shree Cements, Hero MotoCorp, Hindalco Industries, and ONGC were among the major losers on the Nifty, while gainers were HDFC, ITC, Adani Ports, Larsen, and Toubro, and HDFC Bank About 1726 shares have advanced, 1612 shares declined, and 137 shares are unchanged. The BSE MidCap index dipped 0.35 per while the BSE SmallCap index eked out gains of 0.04 percent Among sectors, the Nifty Financial Services, and FMCG indices added 0.5 percent and 0.4 percent, respectively, while the Nifty PSU Bank index fell 0.77 percent..

MARKET UPDATE: Sensex climbed over 200 points to trade at 58,979 levels and the Nifty50 rose over 50 points to trade above 17,600 levels

MARKET UPDATE: Sensex climbed over 200 points to trade at 58,979 levels and the Nifty50 rose over 50 points to trade above 17,600 levels
Friday, September 2, 2022
Opening Bell: Indian markets opened on a positive note in today's(2nd September 2022) trade amid mixed global cues. Frontline indices Nifty50 rose over 50 points to trade above 17,600 levels and the S&P BSE Sensex climbed over 200 points to trade at 58,979 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.7 percent. All sectors opened in the green zone with marginal gains. Nifty Energy bucked the trend as the index gained over 1 percent in trade. NTPC, Bajaj Finserv, and Kotak Bank were top contributors to the benchmark indices. Meanwhile, Nestle India and Maruti Suzuki weighed on the indices. Among individual stocks, shares of Adani Enterprises hit a 52-week high of Rs 3,290 per share on reports of inclusion in the Nifty50 index. Besides, shares of NTPC surged 3 percent after the state-run power giant received bids for a minority stake sale for its green unit.

Maruti Suzuki sales up by 26 percent to 1,65,173 units in August

Maruti Suzuki sales up by 26 percent to 1,65,173 units in August
Thursday, September 1, 2022
Automaker Maruti Suzuki India Ltd on Thursday reported a 26.37 percent increase in total sales at 1,65,173 units in August 2022 as compared to 130,699 units sold in the same month of 2021This figure includes domestic passenger vehicle sales and exports. Total domestic passenger vehicle sales were at 1,34,166 units as compared to 1,03,187 units in the year-ago month, a growth of 30 percent, it added. The total number of vehicles exported by Maruti Suzuki for the month of August 2022 is 21,481 units. Sales of mini segment cars, comprising Alto and S-Presso, grew to 22,162 units as against 20,461 units in August 2021. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR, rose by 57 percent to 71,557 units as compared to 45,577 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, S-Cross, and XL6, clocked sales of 26,932 units last month as compared to 24,337 units earlier. Read more

Closing Bell: Sensex down 770 points, Nifty at 17542.80

Closing Bell: Sensex down 770 points, Nifty at 17542.80
Thursday, September 1, 2022
At Close, the Sensex fell 1,014 points intra-day before closing at 58,766.5, down 770.5 points or 1.29 percent. The Nifty50, too, hit a low of 17,468 before ending 216.5 points, or 1.22 percent, lower at 17,543. About 1904 shares have advanced, 1446 shares declined, and 142 shares are unchanged. Hindalco Industries, Reliance Industries, ONGC, TCS, and SBI Life Insurance were among the top losers on the Nifty. At the same time, the gainers were Tata Consumer Products, Bajaj Finserv, Asian Paints, Eicher Motors, and Hero MotoCorp. The S&P BSE MidCap and SmallCap indices settled 0.5 percent higher each. Among sectors, the Nifty Realty index added 1 percent, followed by the Nifty PSU Bank index up 0.7 percent. On the downside, the Nifty IT index declined 1.9 percent, followed by the Nifty Pharma index down 1.12 percent.

MARKET UPDATE:Sensex declined over 800 points to trade at 58,734 levels and the Nifty50 opened over 200 points lower to trade below 17,550 levels

MARKET UPDATE:Sensex declined over 800 points to trade at 58,734 levels and the Nifty50 opened over 200 points lower to trade below 17,550 levels
Thursday, September 1, 2022
Opening Bell: Bears pulled markets lower today( 1 September 2022) amid weak global sentiments. Frontline indices Nifty50 opened over 200 points lower to trade below 17,550 levels, while the S&P BSE Sensex declined over 800 points to trade at 58,734 levels. Broader markets, too, declined in tandem as Nifty Smallcap 100 and Nifty Midcap 100 slipped up to 0.5 percent. Sectorwise, barring Nifty Realty, all sectoral indices dropped into negative territory. Nifty IT and Nifty Bank faced the worst brunt as both indices dropped over 1 percent each.

Gautam Adani becomes world’s third-richest person

Gautam Adani becomes world’s third-richest person
Tuesday, August 30, 2022
Gautam Adani is now the third richest person in the world, according to the latest Bloomberg Billionaires data. The Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, this week became the world’s third-richest person. Adani, who runs one of India's top conglomerates, is now believed to be worth approximately $137 billion, the tracker shows. While Telsa chief Musk has a net worth of $251 billion, Amazon founder and CEO Amazon - Jeff Bezos - has a total worth of $153 billion. Gautam Adani has surpassed French business magnate Bernard Arnault, the co-founder of LVMH Moet Hennessy Louis Vuitton, commonly known as LVMH, a world leader in luxury fashion. Adani, 60, has spent the past few years expanding his coal-to-ports conglomerate, venturing into everything from data centers to cement, media, and alumina. Read more

Closing Bell: Sensex gains 1567 points, Nifty at 17759.30

Closing Bell: Sensex gains 1567 points, Nifty at 17759.30
Tuesday, August 30, 2022
At Close, Sensex clocked a one-way rally of 1,564 points, or 2.7 percent, to end at 59,537. The Nifty50, too, surged 446 points, or 2.58 percent, to close at 17,759 as broad-based buying emerged across sectors. All the 50 constituents of the Nifty50 index settled higher Bajaj Finserv, IndusInd Bank, Maruti, Bajaj Finance, and Tata Motors were the top Nifty gainers, while Dr. Reddy’s was the sole loser. The BSE MidCap index added about 2 percent, while the BSE SmallCap index gained 1.3 percent. The Nifty Financial Services index is up 3.5 percent, the Nifty Realty index 3.4 percent, the Nifty Bank index 3.3 percent, and the Nifty IT and Auto indices 2.6 percent each. According to Devang Mehta, Head – of Equity Advisory at Centrum Wealth, Indian markets bounced back with renewed vigor after a sharp fall on Monday, led by the inflation and interest rate rhetoric from the US.

India's GDP is estimated to rise 15.4% in the three months to June from a year ago-Bloomberg survey

India's GDP is estimated to rise 15.4% in the three months to June from a year ago-Bloomberg survey
Tuesday, August 30, 2022
Last quarter economy of India probably grew at the fastest rate in a year driven by healthy consumption, but the pace of expansion is seen slowing as policymakers prioritize rising prices overgrowth. Gross domestic product is estimated to rise 15.4% in the three months to June from a year ago, according to a Bloomberg survey of economists. That’s the fastest reading since the April-June quarter of 2021 and compares with a 4.09 expansion in the previous three months. Read more

MARKET UPDATE:Sensex climbed 400 points to trade at 58,392 levels and the Nifty50 rose over 100 points to trade above 17,450 levels

MARKET UPDATE:Sensex climbed 400 points to trade at 58,392 levels and the Nifty50 rose over 100 points to trade above 17,450 levels
Tuesday, August 30, 2022
Opening Bell: Markets opened on a positive note in today's(30 August 2022) trade amid mixed global cues. Frontline indices Nifty50 rose over 100 points to trade above 17,450 levels and the S&P BSE Sensex climbed 400 points to trade at 58,392 levels. Broader markets, meanwhile, outperformed benchmark indices as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.9 percent. Bajaj Twins, IndusInd Bank, Axis Bank, and Tata Steel, were top contributors to the benchmark indices. Meanwhile, Reliance Industries and Bharti Airtel weighed on the indices. All sectors opened in the green zone with Nifty Media, Nifty Metal, and Nifty Energy indices rising over 1 percent each. Among individual stocks, shares of Ashok Leyland gained 1 percent after the automaker announced 6 new models for their LCV range.

Reliance AGM 2022 highlights

Reliance AGM 2022 highlights
Monday, August 29, 2022
Reliance Industries Limited (RIL) held its 45th annual general meeting (AGM) on Monday. RIL's chairman Mukesh Ambani made a slew of announcements. He said Reliance Jio 5G will be rolled out by Diwali across multiple key cities including metro cities of Delhi, Mumbai, Chennai, and Kolkata He said that the company will invest Rs 2 lakh crore for a pan-India 5G network. Reliance Retail will launch its FMCG business this year, Reliance Retail Ventures Ltd Director Isha Ambani said on Monday. The objective of this business will be to develop and deliver products and solve every Indian's daily needs, with high-quality products at affordable pricing, Meta and Jio Platforms announced the launch of an end-to-end shopping experience on WhatsApp, where consumers can shop from JioMart right within their WhatsApp chat. Mukesh Ambani announced that the company will be setting up gigafactories for photovoltaic panels, energy storage, green hydrogen, and for fuel cell systems. Read more

Major factors for today's market mayhem

Major factors for today's market mayhem
Monday, August 29, 2022
US markets plunged sharply after Powell’s speech on Friday. The Nasdaq shed the most by falling nearly 4 percent. The futures of the frontline indices were also steeply lower in after-market hours. The same was true for Asian equities as Nikkei, Hang Seng, and Strait times indices tanked up to 2.9 percent on Monday. Fresh recession fears: The US Fed's chair not only maintained that the bank would continue with interest rate hikes but also triggered renewed fears of an impending recession in the US economy. That apart, spiraling gas prices spiral in Europe are further lending strength to fears of a recession in major Western economies. European gas prices hit a record high above €343 per megawatt hour ($100 per million British thermal units) on Friday, hinting at the stark threat to energy-intensive industries. Read more

Closing Bell: Sensex down 861 points, Nifty at 17312.90

Closing Bell: Sensex down 861 points, Nifty at 17312.90
Monday, August 29, 2022
At Close, the Sensex was down 861.25 points or 1.46% at 57,972.62, and the Nifty was down 246 points or 1.40% at 17,312.90, as a lack of innovative fresh investments across verticals dented sentiment. Tech Mahindra, Infosys, Wipro, HCL Technologies, and TCS were among the significant Nifty losers, while Britannia Industries, Maruti Suzuki, Apollo Hospitals, Nestle India, and Asian Paints were the gainers. About 1414 shares have advanced, 1989 shares declined, and 205 are unchanged. The BSE MidCap and SmallCap indices closed up to 0.8 percent down in the broader market. Among sectors, the Nifty FMCG index was the sole gainer, up 0.3 percent. On the flip side, losses were led by the Nifty IT index down 3.5 percent, and the Nifty Bank index down 2 percent.

MARKET UPDATE:Sensex crashed over 1,300 points to trade at 57,520 levels and the Nifty50 declined over 350 points to trade below 17,200 levels

MARKET UPDATE:Sensex crashed over 1,300 points to trade at 57,520 levels and the Nifty50 declined over 350 points to trade below 17,200 levels
Monday, August 29, 2022
Opening Bell: Markets opened lower in today's(29 August 2022) trade amid weak global sentiments marked by fear of rising interest rates. Frontline indices Nifty50 declined over 350 points to trade below 17,200 levels, while the S&P BSE Sensex fell over 1,300 points to trade at 57,520 levels. Broader markets, too, declined in tandem as Nifty Smallcap 100 and Nifty Midcap 100 dropped over 2 percent. All sectors were in red with Nifty IT, Nifty PSU Bank, and Nifty Realty indices battered in trade. Among individual stocks, shares of Reliance Industries slipped nearly 1 percent ahead of their 45th Annual General Meeting.

CLOSING BELL: Sensex ended at 58,834, up 59 points and the Nifty50 shut shop at 17,559, up 36 points

CLOSING BELL: Sensex ended at 58,834, up 59 points and the Nifty50 shut shop at 17,559, up 36 points
Friday, August 26, 2022
CLOSING BELL: It was a range-bound trade on the bourses today(26 August 2022) as investors awaited US Fed chief Jerome Powell's address at the Jackson Hole Symposium later tonight. The S&P BSE Sensex traded between 58,723 and 59,321, and ended at 58,834, up 59 points or 0.1 per cent. The NSE Nfty50, meanwhile, shut shop at 17,559, up 36 points or 0.21 percent. It touched a high of 17,686 and a low of 17,519 on the NSE. In the broader markets, the Nifty MidCap 100 and the Nifty SmallCap 100 settled up to 0.7 percent higher. Sector-wise, the Nifty Metal index rose 1.7 percent, followed by the Nifty PSU Bank index, up 1 percent. On the flipside, the Nifty Private bank index fell 0.3 percent. Read more

Sensex climbed over 450 points at 59,248 levels and the Nifty50 rose over 100 points to trade above 17,650 levels

Sensex climbed over 450 points at 59,248 levels and the Nifty50 rose over 100 points to trade above 17,650 levels
Friday, August 26, 2022
Opening Bell: Indian markets opened today (26 August 2022) on a positive note amid firm global cues. Frontline indices Nifty50 rose over 100 points to trade above 17,650 levels and the S&P BSE Sensex climbed over 450 points at 59,248 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 1 percent. M&M, Tata Steel, Titan, and Infosys were top contributors to the benchmark indices. Meanwhile, Bharti Airtel, Dr Reddy's, Asian Paints weighed on the indices. All sectors opened in the green zone with Nifty Auto, Nifty Metal, and Nifty PSU Bank leading the pack. Among individual stocks, shares of Titan gained 2 percent on the company's expansion plans overseas. Besides, shares of Nelco soared 10 percent post-tie-up with Intelsat on in-flight connectivity services.

MARKET UPDATE:Sensex climbed over 250 points at 59,326 levels and the Nifty50 rose over 50 points to trade above 17,650 levels

MARKET UPDATE:Sensex climbed over 250 points at 59,326 levels and the Nifty50 rose over 50 points to trade above 17,650 levels
Thursday, August 25, 2022
Opening Bell: Indian markets opened on a positive note in today's(25 august 2022) trade on the BSE amid strong global cues. Frontline indices Nifty50 rose over 50 points to trade above 17,650 levels and the S&P BSE Sensex climbed over 250 points at 59,326 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.7 percent. All sectors turned in the green zone. Nifty Media, Nifty Realty, and Nifty IT lead the charge. Bharti Airtel, Tata Steel, Titan, and HUL were top contributors to the benchmark indices. Meanwhile, Asian Paints and Nestle India weighed on the indices. Among individual stocks, shares of NHPC gained 2 percent after the subsidiary signed MoU with the government of Rajasthan. Besides, shares of RBL Bank soared over 23 percent in three days after the board cleared the Rs 3,000 crore fundraising.

CLOSING BELL: Sensex closed at 59,085, up 54 points and the Nifty50, ended 27 points higher at 17,605

CLOSING BELL: Sensex closed at 59,085, up 54 points and the Nifty50, ended 27 points higher at 17,605
Wednesday, August 24, 2022
Indian equities whipsawed in trade today(24 August 2022) as investors juggled between expensive valuation, tepid global mood, and robust domestic outlook. The S&P BSE Sensex closed at 59,085, up 54 points or 0.09 percent. The NSE Nifty50, meanwhile, ended 27 points, or 0.16 percent, higher at 17,605. In the broader markets, the BSE MidCap and SmallCap indices advanced 0.7 percent each. Sector-wise, the Nifty Media index climbed 1.7 percent, the Nifty Realty added 1.8 percent, and the Nifty Private Bank index gained 1.6 percent. On the flipside, the Nifty IT and Pharma slipped 0.3 percent each. Read more

MARKET UPDATE:Sensex inched above 59,000 levels and the Nifty50 climbed above 17,550 levels

MARKET UPDATE:Sensex inched above 59,000 levels and the Nifty50 climbed above 17,550 levels
Wednesday, August 24, 2022
Opening Bell: Markets opened on a flat note amid weak global cues today(24 August 2022). Frontline indices Nifty50 climbed above 17,550 levels, whereas the S&P BSE Sensex inched above 59,000 levels. Broader markets marched forward in the trade as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.5 percent. Sector-wise, Nifty Media and Nifty Realty opened with marginal gains. Nifty Auto and Nifty Financial Services, however, opened with minor losses. IndusInd Bank, ITC, Sun Pharma, and TCS supported the benchmark indices, whereas, Bharti Airtel, Asian Paints, and Maruti weighed on the benchmark indices. Besides, shares of NDTV hit 5 percent upper circuit as Adani Group plans to acquire a 29.1 percent stake.

Devyani International Plunges 7% amid bulk deal reports

Devyani International Plunges 7% amid bulk deal reports
Tuesday, August 23, 2022
Shares of Devyani International (DIL) tanked 7 percent to Rs 182.50 on the BSE in Tuesday’s intra-day trade. This comes after it saw a huge block deal change hands. Around 26.4 million shares or 2.33 percent stake of the company changed hands, according to a Bloomberg report. However, the details of buyers and sellers were not known by the time of writing this report. As of June 30, 2022, the promoters held a 62.80 percent stake in DIL. Among the public shareholders, Dunearn Investments (Mauritius) Pte Ltd held 98 million shares or 8.13 percent holding in the company, the shareholding pattern data shows. Earlier, CNBC TV reported that Dunearn Investments (Mauritius) Pte Ltd is likely to sell a nearly 3 percent stake at Rs 182-196.25 per share. The base offer was expected at 2.6 crore shares (2.19 percent equity) with an upsize option of 87.76 lakh shares ( 0.73 percent equity). The total deal size is expected at $80-86 million. Read more

Closing Bell: Sensex gains 257 points, Nifty at 17577.50

Closing Bell: Sensex gains 257 points, Nifty at 17577.50
Tuesday, August 23, 2022
At Close, the Sensex was up 257.43 points or 0.44% at 59031.30, and the Nifty was up 86.80 points or 0.50% at 17577.50. Equity markets oscillated between gains and losses on Tuesday as investors read the global mood for further cues. Mahindra & Mahindra was the top-gaining stock, up 4.18% on Sensex, followed by Bajaj Finserv and Tata Steel. Infosys was the laggard, down 1.7%, accompanied by TCS, HUL, and Tech Mahindra. About 2077 shares have advanced, 1235 shares declined, and 146 are unchanged. In the broader market, the BSE MidCap and SmallCap indices added 1 percent and 0.78 percent, respectively. Among sectoral indices, the Nifty PSU Bank index gained 2.34 percent, while the Nifty IT index fell by the same percentage. Bank Nifty zoomed 1% while India VIX closed flat at 19 levels.

MARKET UPDATE:Sensex was up 200 points near 59,000 level and the Nifty50 above the 17,550-mark, rising over 70 points

MARKET UPDATE:Sensex was up 200 points near 59,000 level and the Nifty50 above the 17,550-mark, rising over 70 points
Tuesday, August 23, 2022
Opening Bell: In a sharp rebound, equity markets reversed morning losses and were trading with decent gains today(23 August 2022). Frontline Nifty50 index was back above the 17,550-mark, rising over 70 points, while the S&P BSE Sensex was up 200 points near 59,000 levels. Broader markets, too, recouped losses as the Nifty Midcap 100 and Nifty Smallcap 100 advanced up to 0.9 percent. While NTPC, M&M, and Sun Pharma were supporting the indices to trim losses; Infosys, Wipro, and Tech Mahindra weighed heavily on the indices. . All sectors opened in the negative zone with Nifty IT and Nifty Metal indices battered in trade. Among individual stocks, shares of Infosys dropped over 2 percent after the IT major slashed the average variable payout for the June quarter. Besides, shares of RBL Bank gained over 2 percent after the board approved fund raise of Rs 3,000 crore.

Paytm share jumps 3.5 percent after Vijay Shekhar Sharma’s reappointment at AGM

Paytm share jumps 3.5 percent after Vijay Shekhar Sharma’s reappointment at AGM
Monday, August 22, 2022
Paytm share price jumped more than 3.5 percent to Rs 800.05 apiece on BSE on Monday, after the shareholders of One97 Communications approved the re-appointment of Vijay Shekhar Sharma as managing director and chief executive officer of the company for five more years. Around 99.7% of the shareholders of Paytm's parent, One97 Communications, have voted in favor of a resolution to reappoint Vijay Shekhar Sharma as MD & CEO of the company and approved his remuneration. All seven resolutions passed by the Paytm board, including the reinstatement of Madhur Deora as the executive director, president, and group chief financial officer, the inclusion of Elevation Capital’s managing partner Ravi Adusumalli as a board member, and the decision on Sharma’s and Deora’s remunerations were approved by the shareholders. In February this year, the Securities and Exchange Board of India (SEBI) made it voluntary for India Inc to have a separate chairperson and managing director or CEO. In its statement. Read more

Closing Bell: Sensex falls 872 points, Nifty at 17490.70

Closing Bell: Sensex falls 872 points, Nifty at 17490.70
Monday, August 22, 2022
At Close, the Sensex was down 872.28 points or 1.46% at 58773.87, and the Nifty was down 267.80 points or 1.51% at 17490.70, as global macroeconomic concerns resurfaced. ITC gained 0.58% to end as the top gainer followed by Nestle India. All other Sensex stocks closed in the red, led by Tata Steel, down 4.3%. Asian Paints, L&T, and Ultratech Cement were the other laggards.About 1228 shares have advanced, 2214 shares declined, and 163 are unchanged. The BSE MidCap index skidded nearly 2 percent in the broader markets, while the BSE SmallCap index ended at 1.15 percent lower. All the sectoral indices ended in red. Bank Nifty was down 1.77% on the closing bell while India VIX zoomed 4% to close at 19.04.

MARKET UPDATE:Sensex declined over 650 points to 58,986 level and the Nifty50 extended loss over 150 points lower to trade below 17,600 levels

MARKET UPDATE:Sensex declined over 650 points to 58,986 level and the Nifty50 extended loss over 150 points lower to trade below 17,600 levels
Monday, August 22, 2022
Bears pulled markets into negative territory today (22 August 2022) as Nifty50 extended a loss of over 150 points lower to trade below 17,600 levels. The S&P BSE Sensex declined over 650 points to 58,986 levels. Broader markets, too, edged lower in the trade as Nifty Midcap 100 and Nifty Smallcap 100 slipped over 1 percent each. Barring Nifty FMCG, all sectors dropped in the negative zone with Nifty IT, Nifty Realty, and Nifty IT indices the most battered trade. Among individual stocks, shares of Adani Power hit a 52-week high of Rs 427 per share after the company acquired DB Power for around Rs 7,000 crore. Besides, shares of Delhivery shed over 5 percent after the logistics firm net loss widened to Rs 399 crore in Q1FY23.

Adani power share rallies 300 percent in 8 months

Adani power share rallies 300 percent in 8 months
Friday, August 19, 2022
Adani Power's share price soared 5 percent to a new 52-week high of Rs 419 apiece on Friday, taking its rally so far in 2022 to 307 percent. Adani Power surpassed the state-owned electric utility company NTPC in terms of market capitalization (market-cap) after a sharp rally in the share price of Gautam Adani-led Group company. Adani Power stood at 35th position with an m-cap of Rs 160,4291 crore, while NTPC stood at 37th spot in the overall ranking with a market cap of Rs 154,710 crore, BSE data shows. Adani Power also surpassed automobile company Mahindra & Mahindra (M&M), which has an m-cap of Rs 156,394 crore, data shows. Adani Power's share price has risen over 40 percent in the last month. Adani Power reported a 17-fold jump in its consolidated profit after tax (PAT) at Rs 4,780 crore in the June quarter (Q1FY23). The Adani Group electric utility company had posted PAT of Rs 278 crore in Q1FY22. Read more

Closing Bell: Sensex down 652 points, Nifty at 17758.45

Closing Bell: Sensex down 652 points, Nifty at 17758.45
Friday, August 19, 2022
At Close, the Sensex was down 651.85 points or 1.08% at 59,646.15, and the Nifty was down 198 points or 1.10% at 17,758.50 snapping an 8-day gaining streak and ending lower amid weak global cues.IndusInd Bank, Apollo Hospitals, Bajaj Finserv, Tata Motors, and Hindalco Industries were among the major Nifty losers. The gainers were Adani Ports, L&T, Infosys, Eicher Motors, and Bajaj Auto. About 1387 shares have advanced, 1927 shares declined, and 122 shares are unchanged. Broader markets, too, inched lower in the trade as Nifty Midcap 100 and Nifty Smallcap 100 declined over 1 percent. Sector-wise, Nifty Media and Nifty IT bucked the trend. Nifty Pharma, Nifty Bank, and Nifty FMCG, however, were the losers among the pack. Nifty Bank index fell 0.2 percent to 39,572.55 levels.

Sona BLW Precision slips 6% after huge block deals

Sona BLW Precision slips 6% after huge block deals
Thursday, August 18, 2022
Shares of Sona BLW Precision Forgings (Sona Comstar) slipped 6 percent to Rs 505 on the BSE in Thursday’s intra-day trade after more than 100 million equity shares of the company changed hands via block deals. An affiliate of the US firm is offering shares in Sona BLW Precision Forgings Ltd, as Sona Comstar is formally known, at Rs 500 per equity. This is a discount of 7.2 percent on Wednesday’s closing price. The shares on sale amount to 79.43 million shares, or a 13.6 percent stake in Sona Comstar. Mint had reported on Wednesday that Blackstone will sell Sona BLW Precision’s shares worth Rs 3,971.7 crore in a block deal. If there’s enough investor demand, Blackstone could reportedly also increase the deal size to Rs 39.7 billion, according to the terms. Blackstone held 34.12% in Sona BLW as of 30 June 2022 after selling a large chunk of its shareholding worth ₹5,250 crores during the company’s initial public offering (IPO) in June last year. Read more

Closing Bell: Sensex gains 38 points, Nifty at 17956.50

Closing Bell: Sensex gains 38 points, Nifty at 17956.50
Thursday, August 18, 2022
After falling as much as 300 points during the day, the benchmark S&P BSE Sensex recouped all of its losses to end at 60,298, up 38 points or 0.06 percent. The NSE Nifty50, too, recovered from a low of 17,852 to settle at 17,965, up 21 points or 0.12 percent. Stocks of Bajaj Finserv, Power Grid Corporation of India, Bharti Airtel, State Bank of India, UltraTech Cements, Asian Paints, and Kotak Mahindra Bank are among the top index gainers. On the flip side, Dr Reddy’s Laboratories, Sun Pharma, Wipro, Infosys, TCS, and HCL Tech were among the top BSE Sensex losers. The broader BSE MidCap and SmallCap indices, meanwhile, outperformed the frontline indices throughout the day and closed up to 0.4 percent higher. Among sectors, the Nifty Metal and Realty indices gained over 1 percent each, the Nifty Pharma index was down 1.2 percent. Nifty Bank index fell marginally to 39,435.25, while Nifty IT fell 0.7 percent.

HDFC AMC surges after 6 percent equity change hands on BSE

HDFC AMC surges after 6 percent equity change hands on BSE
Tuesday, August 16, 2022
Shares of HDFC Asset Management Company (AMC) surged 12 percent to Rs 2,185.30 on the BSE in Tuesday’s intra-day trade after nearly 6 percent of the total equity of the company changed hands via block deals. As many as 1.3 crore shares, or nearly 6 percent stake in the company worth Rs 2,520 crore, changed hands on the BSE at Rs 1,951 apiece, ABRDN Investment Management Limited (Formerly Standard Life Investments Limited), one of the promoters of HDFC AMC, held 16.21 percent stake in the company as on June 30, 2022, the shareholding pattern data shows. On September 29, 2021, Standard Life Investments Limited sold 10.65 million shares of HDFC AMC on the BSE at an average price of Rs 2,873.79 per share. Standard Life Investments held a 21.23 percent stake in the company as of June 30, 2022, as per BSE data.The block deal in the stock comes after a strong rally in the counter over the last three months. Shares of the asset manager have risen 21.5 percent in the past 90 days on the back of Read more

Closing Bell: Sensex up 379 points, Nifty at 17825.25

Closing Bell: Sensex up 379 points, Nifty at 17825.25
Tuesday, August 16, 2022
At close, the Sensex was up 379.43 points or 0.64 percent at 59,842.21, and the Nifty was up 127.10 points or 0.72 percent at 17,825.30, as fag-end buying in Reliance Industries' stock pushed indices off lows. Besides, an upbeat global mood, and a steady decline in inflation (CPI and WPI), kept the bulls charged on Dalal Street.M&M, Maruti Suzuki, Asian Paints, Hindustan Unilever, Ultratech Cement, Housing Development Finance Services (HDFC), Reliance Industries, Titan Company, ICICI Bank were among top Sensex gainers. On the flip side, the index laggards were Bharti Airtel, State Bank of India (SBI), Bajaj Finance, and Tata Consultancy Services (TCS). The BSE MidCap and SmallCap indices settled 1 percent higher in the broader markets. Sectorally, the Nifty Auto index jumped 2.5 percent, followed by the Nifty Realty index (up 2 percent). On the flipside, the Nifty PSB index dipped 0.3 percent.

MARKET UPDATE:Sensex climbed over 300 points at 59,793 levels and the Nifty50 rose over 50 points to trade above 17,750 levels

MARKET UPDATE:Sensex climbed over 300 points at 59,793 levels and the Nifty50 rose over 50 points to trade above 17,750 levels
Tuesday, August 16, 2022
Opening Bell: Markets opened higher in today's ( 16 august 2022) trade on the BSE amid positive global cues. Frontline indices Nifty50 rose over 50 points to trade above 17,750 levels, while the S&P BSE Sensex climbed over 300 points at 59,793 levels. Broader markets, too, rose in tandem as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.6 percent. Sector-wise, Nifty Auto, Nifty Bank, and Nifty IT were the winners. Nifty Metal, however, was the sole sectoral loser in the trade. Among individual stocks, shares of Mahindra & Mahindra (M&M) hit a 52-week high of Rs 1,298 per share after the auto major launched five new electric SUVs.

Rakesh Jhunjhunwala passed away

Rakesh Jhunjhunwala passed away
Monday, August 15, 2022
Veteran stock market investor Rakesh Jhunjhunwala passed away at 62 in Mumbai on14th August. Jhunjhunwala, over the years, invested in many well-known and established companies and upcoming startups. Jhunjhunwala's net worth was $5.8 billion, as of August 2022. He invested in his individual capacity, and via his firm Rare Enterprises. Low-cost carrier Akasa Air, which Rakesh Jhunjhunwala backs, was inaugurated on August 7. Jhunjhunwala was India's 36th richest person in 2021 and the 438th richest man in the world, so far in 2022, according to Forbes. Team Knowmystock expresses heartfelt condolences

Tata Elxsi brings new age solutions for driverless cars

Tata Elxsi brings new age solutions for driverless cars
Friday, August 12, 2022
Shares of Tata Elxsi hit a new high at Rs 10,150 as they rallied 6.8 percent on the BSE in Friday’s intra-day trade on the back of a strong growth outlook. Equipped with new-age technology, design, and tech service provider Tata Elxsi is helping customers reimagine products and services in the three key verticals of transportation, media, telecom, and healthcare, says the company’s Chief Marketing Officer Nitin Pai. The result is product engineering services to help customers transform their products, and our own platforms such as AUTONOMAI for driverless cars, TETHER for connected cars, and TE Play for OTT services. Stressing on the success of Tata Elxsi products and initiatives that fuse domain, digital, and design to deliver powerful use cases, he said TETHER Auto, for instance, has been adopted by Tata Motors and is powering connectivity and data-led services for almost 500,000 on-road vehicles across their range of electric, passenger and commercial vehicles. Read more

Closing Bell: Sensex up 130 points, Nifty at 17698.15

Closing Bell: Sensex up 130 points, Nifty at 17698.15
Friday, August 12, 2022
At Close, the Sensex was up 130.18 points or 0.22% at 59,462.78, and the Nifty was up 39.20 points or 0.22% at 17,698.20, as investors awaited India's retail inflation data for July. ONGC, Tata Steel, NTPC, UPL, and Power Grid Corp were among the major Nifty gainers, while Divis Lab, Apollo Hospitals, Infosys, Maruti Suzuki, and Tata Consumer Products were the laggards. About 1771 shares have advanced, 1531 shares declined, and 142 shares are unchanged. Oil & Gas indices rose 2.5% and Metal and Power added 1.5% each. On the other hand, the Pharma index shed 1% and Information Technology (IT) index declined 0.76%.In the broader markets, the BSE MidCap and SmallCap indices closed 0.15 percent and 0.4 percent higher, respectively.

MARKET UPDATE:Sensex shed 100 points to trade at 59,226 levels and the Nifty50 slipped below 17,650 levels

MARKET UPDATE:Sensex shed 100 points to trade at 59,226 levels and the Nifty50 slipped below 17,650 levels
Friday, August 12, 2022
Opening Bell: Indian markets opened flat in today's(12 august 2022) trade on the BSE. Frontline indices Nifty50 slipped below 17,650 levels and the S&P BSE Sensex shed 100 points to trade at 59,226 levels Broader markets outperformed benchmark indices as Nifty Smallcap 100 and Nifty Midcap 100 surged up to 0.2 percent. Power Grid, NTPC, Tata Steel, SBI, and IndusInd Bank were the top contributors to the benchmark indices. Maruti, Nestle India, and Tech Mahindra, on the other hand, weighed on benchmark indices Sector-wise, Nifty Realty and Nifty Metal led the pack. Nifty IT, Nifty Auto, and Nifty Media, however, were losers in the trade. Among individual stocks, shares of Oil India climbed 1 percent after the state explorer tripled its net profit to Rs 1,555.4 crore in Q1FY23

ICICI Bank market-cap hits Rs 6 trillion

ICICI Bank market-cap hits Rs 6 trillion
Thursday, August 11, 2022
Shares of ICICI Bank hit a record high of Rs 865.55, up 2 percent on the BSE in Thursday’s intra-day trade, on a strong growth outlook. The market capitalization of the ICICI Bank touched Rs 6 lakh crore mark in the afternoon trade. The lender became the seventh Indian stock to hit such a milestone. The stock of the private sector lender surpassed its previous high of Rs 859.70 touched on October 25, 2021. In the past two months, the stock has rallied 26 percent. While in the past month, it has gained 12 percent, as compared to a 9.75 percent rise in the S&PBSE Sensex. Before ICICI Bank hit Rs 6 lakh crore market-cap mark, Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, and Hindustan Unilever also hit this mark. In the first quarter of the current financial year, the private lender had reported a 49.5 percent on-year rise in its net profit to Rs 6,905 crore on the back of healthy loan growth. Read more

Closing Bell: Sensex gains 515 points, Nifty at 17659.00

Closing Bell: Sensex gains 515 points, Nifty at 17659.00
Thursday, August 11, 2022
At Close, the Sensex was up 515.31 points or 0.88% at 59,332.60, and the Nifty was up 124.20 points or 0.71% at 17,659.00 as lower-than-expected inflation in the US bolstered equities across the globe as investors turned to riskier assets. Tech Mahindra, Wipro, IndusInd Bank, ICICI Bank, Tata Consultancy Services (TCS), Infosys, HCL Tech, Titan Company, and Bajaj Finance were among the top S&P BSE Sensex gainers. The losers included Tata Consumer Products, Apollo Hospitals, ITC, Hindalco Industries, and NTPC. About 1772 shares have advanced, 1530 shares declined, and 138 are unchanged. From a sectoral viewpoint, the Nifty PSB index gained the most, up 2.3 percent, followed by the Nifty IT index, up 1.8 percent. Meanwhile, in the broader market, the BSE MidCap and SmallCap indices edged between 0.5 per cent and 0.8 per cent higher.

MARKET UPDATE:Sensex surges 500pts, Nifty50 above 17,700 in pre-open deals

MARKET UPDATE:Sensex surges 500pts, Nifty50 above 17,700 in pre-open deals
Thursday, August 11, 2022
Opening Bell: The Indian equity markets are likely to open on a positive note amid supportive global cues. As of 7:50 AM, the SGX Nifty Futures quoted 17,743 levels, indicating a gap up open of over 200 odd points on the Nifty50. Globally, better-than-expected US inflation data at 8.5 percent in July cheered Wall Street on Wednesday. Dow Jones jumped 500 points to 1.6 percent, while the S&P 500 climbed 2.1 percent, and NASDAQ Composite advanced 2.8 percent. Asia-Pacific markets followed suit and climbed in Thursday's morning trade. Australia's S&P 200 rose 0.9 percent, while South Korea's Kospi was 1.3 percent higher. Read more

MARKET UPDATE:Sensex at 58,822 levels and the Nifty50 rose 18 points to trade above 17,500 levels

MARKET UPDATE:Sensex at 58,822 levels and the Nifty50 rose 18 points to trade above 17,500 levels
Wednesday, August 10, 2022
Opening Bell: The Indian markets opened flat in today's(10 August 2022) trade on the BSE amid weak global cues. Frontline indices Nifty50 rose 18 points to trade above 17,500 levels, whereas the S&P BSE Sensex was at 58,822 levels. Broader markets, however, were positive in the trade as Nifty Midcap 100 and Nifty Small Cap 100 gained up to 0.2 percent. Nestle India, Sun Pharma, ICICI Bank, Power Grid, and Bharti Airtel were the top contributors to benchmark indices. Sectorally, Nifty led Auto and Nifty FMCG indices led the charge. Nifty IT and Nifty Realty, however, were bogged down in trade. Read more

Closing Bell: Sensex gains 465 points, Nifty at 17525.10

Closing Bell: Sensex gains 465 points, Nifty at 17525.10
Monday, August 8, 2022
At Close, the Sensex was up 465.14 points or 0.80% at 58,853.07, and the Nifty was up 127.60 points or 0.73% at 17,525.10,amid a broad-based rally.Reliance Industries, HDFC Bank, Bajaj Finance, and Maruti Suzuki were the top gainers in the Sensex pack. On the downside, BPCL, SBI, Ultratech Cement, Britannia, Adani Ports, and Hero MotoCorp fell over 1 percent each. About 1864 shares have advanced, 1535 shares declined, and 173 are unchanged. The BSE MidCap and SmallCap indices in the broader markets edged 0.3 percent higher each. Sectorally, the Nifty PSU Bank index slipped 0.4 percent, followed by the Nifty IT index (down 0.02 percent. All other indices clocked gains.

MARKET UPDATE:Sensex shed 100 points at 58,299 levels and the Nifty50 was down 30 points to trade below 17,400 mark

MARKET UPDATE:Sensex shed 100 points at 58,299 levels and the Nifty50 was down 30 points to trade below 17,400 mark
Monday, August 8, 2022
Opening Bell: Indian equity markets opened weak today's(8 August 2022) trade on BSE amid weak global sentiments. Benchmark indices Nifty50 was down 30 points to trade below the 17,400 mark, whereas the S&P BSE Sensex shed 100 points at 58,299 levels. Broader markets, too, reflected the tepid mood as Nifty Midcap 100 underperformed Nifty Smallcap 100 and lost 0.06 percent in trade. sector-wise, Nifty Metal, Nifty Pharma, and Nifty Auto defied the overall market mood. However, Nifty PSU Bank and Nifty Realty were bogged down in trade. Among individual stocks, shares of Titan gained over 1 percent after net profit jumped three-fold to Rs 790 crore in Q1FY23. Besides, shares of Adani Ports climbed 0.7 percent ahead of their Q1FY23 results.

Closing Bell: Sensex gains 89 points, Nifty at 17397.50

Closing Bell: Sensex gains 89 points, Nifty at 17397.50
Friday, August 5, 2022
At Close, Sensex was up 89.13 points or 0.15% at 58387.93, and the Nifty added 15.50 points or 0.09% at 17397.50, as a hawkish monetary policy by the Reserve Bank of India (RBI) led to a tug of war between bulls and bears. Mahindra & Mahindra was the top laggard on Sensex, down 2%, followed by Reliance Industries, Maruti Suzuki India, and IndusInd Bank. Ultratech Cement added 2.31%, accompanied by ICICI Bank, and Airtel. The BSE MidCap and SmallCap indices added up to 0.2 percent in the broader market. Among sectors, the Nifty Auto index fell over 1 percent, On the upside, the Nifty IT index gained 0.6 percent. Indi VIX closed 1.77% lower at 18.92.

MARKET UPDATE:Sensex climbed over 200 points to trade at 58,517 levels and Nifty50 rose 40 points to trade above 17,400 levels

MARKET UPDATE:Sensex climbed over 200 points to trade at 58,517 levels and Nifty50 rose 40 points to trade above 17,400 levels
Friday, August 5, 2022
The Indian equity markets steered in a positive direction after the Reserve Bank of India (RBI) hiked repo rates by 50 basis points (bps) to 5.4 percent. With this rate-hike cycle, the Indian central bank has raised interest rates by 140 bps so far. Frontline indices like Nifty50 rose 40 points to trade above 17,400 levels, whereas the S&P BSE Sensex climbed over 200 points to trade at 58,517 levels. Rate-sensitive sectors like Nifty Bank and Nifty Realty gain up to 0.4 percent. Nifty Auto, however, was down 0.1 percent in trade.

Dabur India Q1 result

Dabur India Q1 result
Thursday, August 4, 2022
India's leading Science-based Ayurveda major Dabur India Ltd today reported an 8.1% growth in Consolidated Revenue for the First Quarter of 2022-23 with an underlying Volume growth of 5% in the India FMCG business. Consolidated profit after tax (PAT) for the quarter ended June 2022 (Q1FY23) was at Rs 441 crore as compared to the year-ago period. The PAT has improved marginally by 0.6 percent from Rs 438 crore last year. On a sequential basis, it surged 50 percent from Rs 294 crore PAT recorded during the previous quarter. Dabur reported a Consolidated Revenue of Rs 2,822 Crore in the first quarter of the 2022-23 financial year, up from Rs 2,612 Crore in the same quarter a year ago. Consolidated Revenue for the quarter reported a 2-year CAGR of 19.4%. Growth in revenue was aided by modest volume growth across the healthcare (herbal) business as demand for its power brands is seen normalizing. Read more

Closing Bell: Sensex down 52 points, Nifty at 17382.00

Closing Bell: Sensex down 52 points, Nifty at 17382.00
Thursday, August 4, 2022
At Close, the Sensex was down 51.73 points or 0.09% at 58,298.80, and the Nifty was down 6.20 points or 0.04% at 17,382, as investors booked profit after six consecutive sessions of the rally, and ahead of the RBI monetary policy outcome on Friday. Sun Pharma jumped 2.46% to end as the top gainer while Nestle India was up 2.39%, followed by Infosys, Dr. Reddy’s, and M&M. NTPC was the worst performer, accompanied by State Bank of India, Axis Bank, and Reliance Industries. About 1515 shares have advanced, 1735 shares declined, and 141 are unchanged. The Nifty Pharma is up 2.37 percent, Nifty IT 1.2 percent, and Nifty FMCG 0.5 percent indices clocking the most gains. PSU banks were the worst hit today with the Nifty PSB index down 1.75 percent. In the broader markets, the BSE MidCap and SmallCap indices added 0.3 percent and 0.2 percent, respectively. India VIX jumped more than 4% to end above 19 levels.

MARKET UPDATE:Sensex up 300 points to 58,676.8 levels and the Nifty50 opened over 50 points higher to trade above 17,450 levels

MARKET UPDATE:Sensex up 300 points to 58,676.8 levels and the Nifty50 opened over 50 points higher to trade above 17,450 levels
Thursday, August 4, 2022
Opening Bell: Bulls drove Indian markets higher as they opened in positive territory at the BSE today(4 August 2022). Frontline indices Nifty50 opened over 50 points higher to trade above 17,450 levels, whereas the S&P BSE Sensex was up 300 points to 58,676.8 levels. The strength spilled across broader markets as Nifty Midcap 100 and Nifty Smallcap 100 climbed up to 0.8 percent. Hindalco, Infosys, Shree Cements, UPL, IndusInd Bank, Ultratech Cement, TCS, Bajaj Finserv, and Axis Bank were the top contributors to the benchmark indices. Sector-wise, Nifty IT and Nifty Media led the upside. Nifty Realty, however, was the sore sectoral loser. Read more

MARKET UPDATE:Sensex climbed 100 points to 58,245 levels and the Nifty50 rose 33 points above 17,350 levels

MARKET UPDATE:Sensex climbed 100 points to 58,245 levels and the Nifty50 rose 33 points above 17,350 levels
Wednesday, August 3, 2022
Opening Bell: The Indian equity markets today(3 August 2022) opened on a positive note at the BSE despite mixed global cues. Frontline indices Nifty50 rose 33 points above 17,350 levels and the S&P BSE Sensex climbed 100 points to 58,245 levels. While Eicher Motors, JSW Steel, and Cipla were the top contributors to the 50-packed index, Bharti Airtel, Reliance, and Tata Steel were top contributors to the S&P BSE Sensex. Broader markets, meanwhile, were mixed in trade. Nifty Midcap 100 was down 0.1 percent, whereas Nifty Smallcap 100 surged 0.3 percent. Sector-wise, Nifty Metal, and Nifty Pharma opened with marginal gains. However, Nifty Auto and Nifty Media indices were bogged down in trade. Read more

Closisng Bell: Sensex gains 21 points, Nifty at 17345.45

Closisng Bell: Sensex gains 21 points, Nifty at 17345.45
Tuesday, August 2, 2022
At Close, the Sensex was up 20.86 points or 0.04% at 58,136.36, and, the Nifty was up 5.50 points or 0.03% at 17,345.50, for a fifth straight day, albeit amid volatility, as losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India (SBI), Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance.IndusInd Bank was the top gainer on Sensex, up 2%, followed by Asian Paints, and NTPC. Tech Mahindra was the worst performer, ending 1.85% lower accompanied by HDFC, L&T, and HDFC Bank. About 1829 shares have advanced, 1460 shares declined, and 122 are unchanged. In the broader market, the BSE MidCap and SmallCap indices rose up to 0.5 percent. Sectorally, the Nifty PSU Bank index surged 2.7 percent, while the Nifty Realty index fell 1.7 percent. Bank Nifty outperformed and closed above the 38,000 mark while India VIX ended 5.95% higher at 18.53 levels.

MARKET UPDATE:Sensex down over 150 points to 57,929 levels and the Nifty50 slipped over 50 points below 17,300 levels

MARKET UPDATE:Sensex down over 150 points to 57,929 levels and the Nifty50 slipped over 50 points below 17,300 levels
Tuesday, August 2, 2022
Opening Bell: The Indian markets opened choppy today (2 August 2022) morning at the BSE amid weak global sentiments. Frontline indices Nifty50 slipped over 50 points below 17,300 levels, whereas the S&P BSE Sensex was down over 150 points to 57,929 levels. Also, broader markets were under pressure as Nifty Midcap 100 and Nifty Smallcap 100 declined 0.2 percent and 0.1 percent, respectively. Sector-wise, the Nifty Metal index bled over 1 percent in trade. However, Nifty FMCG and Nifty Media indices opened with marginal gains. Read more

Closing Bell: Sensex gains 545 points,nifty at 17340.05

Closing Bell: Sensex gains 545 points,nifty at 17340.05
Monday, August 1, 2022
At Close, the Sensex was up 545.25 points or 0.95% at 58,115.50, and the Nifty was up 181.70 points or 1.06% at 17,340 for a fourth straight day as hefty buying in auto, metals, financials, and Reliance Industries lifted sentiment.M&M was the top gainer on Sensex, up 6.29%, followed by Power Grid, NTPC, and Bharti Airtel. Sun Pharma was the top laggard, down 2.81%, accompanied by HUL, IndusInd Bank, and Nestle India. About 2230 shares have advanced, 1145 shares declined, and 187 are unchanged. In the broader market, the BSE MidCap and SmallCap indices added 1.5 percent each. Sectorally, the Nifty Auto index soared 3.3 percent, and the Nifty PSB and Metal indices were 1.5 percent each. The Nifty Pharma index was the only loser, down 0.08 percent.

MARKET UPDATE:Sensex climbed to 57,823 levels and the Nifty rose to 17,222 levels

MARKET UPDATE:Sensex climbed to 57,823 levels and the Nifty rose to 17,222 levels
Monday, August 1, 2022
Opening bell: Indian markets opened in positive territory today(1st August 2022) at BSE. Nifty50 rose 0.3 per cent, to 17,222 levels, while the S&P BSE Sensex climbed 0.2 per cent to 57,823 levels. Broader markets, too, were exuberant in the trade as Nifty Midcap 100 and Nifty Smallcap 100 inched higher up to 0.5 percent. Sector-wise, Nifty Auto and Nifty Media hogged the limelight as they climbed to 2 percent in trade. UPL surged 2.09 percent among individual stocks ahead of their June quarter results (Q1FY23). Besides, shares of Zee Entertainment were up 3.6 percent in trade after exchanges approved their merger with Sony Pictures Networks India.

HDFC Q1 profit jumps 22% YoY to Rs 3,669 crore

HDFC Q1 profit jumps 22% YoY to Rs 3,669 crore
Friday, July 29, 2022
Housing finance major HDFC on Friday posted a 22 percent jump in its standalone profit after tax to Rs 3,669 crore for the June 2022 quarter, compared with Rs 3,001 crore in the corresponding period a year ago. Sequentially, the profit decreased marginally by 0.8 percent from the profit of Rs 3,700 crore reported in Q4FY22. The consolidated Profit After Tax for the quarter ended June 30, 2022, stood at Rs 5,574 crore. Its net interest income (NII) from April-June 2022 stood at Rs 4,447 crore, about 7.8 percent higher than Rs 4,125 crore a year ago.HDFC vice-chairman Keki Mistry said that the full impact of the lending rate hikes undertaken by HDFC is yet to show on the loan book, which kept net interest income low for the quarter. The management said assets under management (AUM) at the end of the June quarter stood at Rs 6.71 trillion, as against Rs 5.74 trillion at the end of Q1FY22. At the end of the March 2022 quarter, HDFC’s AUM stood at Rs 6.54 trillion. Read more

Closing Bell: Sensex gains 712 points, Nifty at 17158.25

Closing Bell: Sensex gains 712 points, Nifty at 17158.25
Friday, July 29, 2022
At Close, the Sensex was up 712.46 points or 1.25% at 57,570.25, and the Nifty was up 228.70 points or 1.35% at 17,158.30, as investors lapped up metal and IT shares, along with index heavyweights shares. Tata Steel was the top Sensex gainer, soaring 7.4%, followed by Sun Pharma and HDFC. Dr Reddy’s dropped 3.9% to end as the worst performing Sensex stock, accompanied by Kotak Mahindra Bank, State Bank of India, and Axis Bank. About 2037 shares have advanced, 1197 shares declined, and 140 are unchanged. Sectorally, the Nifty Metal index climbed 4 percent, followed by the Nifty IT index by 2 percent. Public sector banks were the only losers with the Nifty PSB index down 1.2 percent. India VIX closed with losses, giving up 17 levels while Bank Nifty was up 0.30%. In the broader market, the BSE MidCap and SmallCap indices, too, added over 1 percent each.

MARKET UPDATE:Sensex soared 500 points to 57,354, and the Nifty50 advanced 160 points to 17,090

MARKET UPDATE:Sensex soared 500 points to 57,354, and the Nifty50 advanced 160 points to 17,090
Friday, July 29, 2022
OPENING BELL: The Indian markets opened firmly higher today(29 July 2022) tracking strength in US markets overnight. The BSE Sensex soared 500 points to 57,354, and the NSE Nifty50 advanced 160 points to 17,090. Tata Steel, Bajaj Finserv, Power Grid, Titan, M&M, L&T, Wipro, and Nestle led gains on the Sensex, up to 2 percent higher. On the downside, Dr. Reddy's slipped the most, down 4 percent after weak Q1 results. It also pulled down other pharma majors with Sun Pharma, Cipla, and Divi's Labs sliding up to 1 percent. Read more

MARKET UPDATE:Sensex rose 500 points to 56,313, and the Nifty gained 120 points to 16,760

MARKET UPDATE:Sensex rose 500 points to 56,313, and the Nifty gained 120 points to 16,760
Thursday, July 28, 2022
OPENING BELL: The Indian markets perked up today(28 July 2022), opening firmly higher after the US Fed hinted at slowing down rate hikes eventually, which lifted global stocks. The BSE Sensex rose 500 points to 56,313, and the NSE Nifty50 gained 120 points to 16,760. All Sensex stocks opened higher. Bajaj Finance led gains on the index, up over 5 percent. Bajaj Finserv moved 4 percent higher. Tata Steel, IndusInd Bank, Infosys, Wipro, Axis Bank, and Kotak Bank were the other notable winners. On the downside, Dr. Reddy's and Sun Pharma came under pressure, slipping up to 2 percent. Bharti Airtel, ITC, and Nestle were also subdued. In the broader markets, Nifty500, Nifty MidCap 50, and Nifty SmallCap 50 also sat in green, up to 0.7 percent higher. Read more

Bajaj Finance Q1 results beats street expectations

Bajaj Finance Q1 results beats street expectations
Wednesday, July 27, 2022
Bajaj Finance on Wednesday reported a 159% jump in consolidated net profit at Rs 2,596 crore for the quarter ending June 30, 2022, beating street estimates. It reported a consolidated net profit of Rs 1,002 crore in the year-ago period.Net interest income (NII) climbed by 48% to ₹6,638 crores in the quarter under review from ₹4,489 crores in Q1 of last year. New loans booked during the quarter grew by 60% to 74.2 lakh as against 46.3 lakh in the corresponding year-ago quarter. Customer franchise stood at 6.03 crore, registering a growth of 20 percent. The company recorded its highest ever quarterly increase in its customer franchise of 27.3 lakh in Q1FY23. The company's assets under management grew by 28% to Rs 2.04 trillion as of June 30, 2022. Loan losses and provisions for Q1FY23 were at Rs 755 crore as against Rs 1,750 crore in Q1FY22. The company holds a management and macro-economic overlay of Rs 1,000 crore, Bajaj Finance said. Read more

Closing Bell: Sensex up 547.83 points, Nifty at 16641.80

Closing Bell: Sensex up 547.83 points, Nifty at 16641.80
Wednesday, July 27, 2022
At Close, the Sensex was up 547.83 points or 0.99% at 55816.32, and the Nifty was up 158.00 points or 0.96% at 16641.80, as a broad-based rally ensued on Dalal Street. The markets seemed unnerved ahead of the US Federal Reserve's policy outcome later tonight and rather focused on falling bond yields and domestic corporate earnings. Sun Pharma was up 3.3% on the closing bell as the best performing Sensex stock, followed by State Bank of India, and Larsen & Toubro. In the red was Bharti Airtel, falling 1.25%, accompanied by Kotak Mahindra Bank, and NTPC. About 1714 shares have advanced, 1521 shares declined, and 136 are unchanged. The rally was across-the-board with the Nifty Pharma and PSB indices climbing over 2 percent each, followed by the Nifty IT index (up 1.7 percent), and the Nifty Bank index (1 percent). The broader BSE MidCap and SmallCap indices underperformed at the bourses as they advanced up to 0.90 percent. Indi VIX closed 0.22% lower but was still above 18 levels.

MARKET UPDATE:Sensex down 11 points to 55,257 and the Nifty around the previous close at 16,472

MARKET UPDATE:Sensex down 11 points to 55,257 and the Nifty around the previous close at 16,472
Wednesday, July 27, 2022
OPENING BELL: The Indian markets opened flat today(27 July 2022) tracking global peers that were also subdued. The BSE Sensex was down 11 points to 55,257 and the NSE Nifty50 was around the previous close at 16,472. L&T, Maruti, M&M, Power Grid, Asian Paints, TCS, and Ultratech Cement were the top Sensex winners, while Bharti Airtel, Dr. Reddy's, Titan, Kotak Bank, and HUL led losses. The broader markets also suffered losses. The BSE MidCap and SmallCap indices were up to 0.3 percent lower. Sector-wise, Nifty consumer durables slipped the most, down over 1 percent. All other pockets also turned negative soon after opening. Nifty IT was flat. Read more

Asian Paints Q1 result

Asian Paints Q1 result
Tuesday, July 26, 2022
Asian Paints on Tuesday reported a consolidated net profit of ₹1,036 crores, up over 80% as compared to ₹574 crores in the same quarter last year, as the business grew both in volume and value terms. Its revenue surged more than 54% to ₹8,607 crores as against ₹5,585 crore year-on-year (YoY).On a standalone basis, Asian Paint's revenue for the quarter under review increased by 59.6% whereas standalone Net Profit for the quarter rose by 70.7%. Asian Paints' total expenses were at Rs 7,287.84 crore, up 48.91 percent in Q1/FY 2022-23, as against Rs 4,893.87 crore in the corresponding period."The domestic decorative business more than doubled its volume and delivered stellar revenues over the lower base of last year, which had suffered from the first nationwide lockdown. The industrial business and the home improvement business also doubled its revenue on last year's low base," Amit Syngle, Managing Director & CEO of the paint company said. Read more

Closing Bell: Sensex sheds 498 points, Nifty at 16483.85

Closing Bell: Sensex sheds 498 points, Nifty at 16483.85
Tuesday, July 26, 2022
At Close, the Sensex was down 497.73 points or 0.89% at 55,268.49, and the Nifty was down 147.20 points or 0.89% at 16,483.80, as investors chose to stay on the sidelines ahead of the US Federal Reserve's monetary policy outcome on Wednesday. Infosys was the worst performing stock on Sensex, down 3.45%, accompanied by Hindustan Unilever, and Axis Bank. Zomato dived another 12.5% on Tuesday. Bajaj Finserv zoomed 5.58%, along with Power Grid and Bharti Airtel. About 1119 shares have advanced, 2128 shares declined, and 138 are unchanged. In the broader market, the BSE MidCap and SmallCap indices dropped over 1 percent each. All the sectoral indices ended in the red with metal, IT, pharma, auto, bank, capital goods, realty, and FMCG indices down 1-2 percent. Bank Nifty ended at 36,408, down 0.87% while India VIX rise 2.77% to breach 18 levels.

MARKET UPDATE:Sensex fell 200 points to 55,560, and Nifty slipped 65 points to 16,565

MARKET UPDATE:Sensex fell 200 points to 55,560, and Nifty slipped 65 points to 16,565
Tuesday, July 26, 2022
OPENING BELL: The Indian markets had a tepid opening today(26 July 2022) amid sombre global mood as investors turn cautious ahead of the US Fed rate decision on Wednesday. The BSE Sensex fell 200 points to 55,560, and the NSE Nifty50 slipped 65 points to 16,565. Bajaj twins, Tech M, Tata Steel, ITC, and SBI were the only gainers on the Sensex, while Axis Bank, Dr. Reddy's, Asian Paints Maruti, and Infosys were the top losers. The broader markets also opened in the red. The BSE MidCap and SmallCap indices were up to 0.3 percent lower.

Closing Bell: Sensex down 306 points, Nifty at 16631.00

Closing Bell: Sensex down 306 points, Nifty at 16631.00
Monday, July 25, 2022
At Close, the Sensex was down 306.01 points or 0.55% at 55,766.22, and the Nifty was down 88.50 points or 0.53% at 16,631. Mahindra & Mahindra was the worst-performing Sensex stock, down 3.83%, followed by Reliance Industries and Maruti Suzuki India. Zomato’s share price tanked 11%. Tata Steel rose 3.1% as the top Sensex gainer, accompanied by IndusInd Bank and Asian paints. About 1465 shares have advanced, 1878 shares declined, and 168 are unchanged. Among sectors, Nifty Auto fell 1.7 percent, Bank Nifty index closed flat with a negative bias while India VIX rose 6.19%while Nifty Metal added 1.5 percent. In the broader market, the BSE MidCap index gained 0.03 percent but the BSE SmallCap index eased 0.13 percent.

MARKET UPDATE:Sensex fell over 200 points to 55,890, and the Nifty slipped 42 points to 16,680

MARKET UPDATE:Sensex fell over 200 points to 55,890, and the Nifty slipped 42 points to 16,680
Monday, July 25, 2022
Opening Bell: The Indian markets started the new week today (25 July 2022) on a weak footing in line with the subdued global trends and earnings impact. The BSE Sensex fell over 200 points to 55,890, and the NSE Nifty50 slipped 42 points to 16,680. Reliance led Sensex losses, dropping 2.5 percent after brokerages cut the company's earnings estimates after its Q1 miss. Tech M, Infosys, Ultratech Cement, Kotak Bank, and TCS were the other top laggards, while ICICI Bank, Bajaj Finance, and Tata Steel were the top winners. Read more

Ultratech cement gains 6 percent on strong revenue growth

Ultratech cement gains 6 percent on strong revenue growth
Friday, July 22, 2022
UltraTech Cement shares rose as much as 6 percent on Friday after the company’s quarterly earnings beat estimates on all parameters during the June quarter. It reported a net profit of Rs 1,582 crore for the quarter that ended June 2022 7.45 percent lower than Rs 1,700 crore in the same quarter of last year. Its revenue from operations was up 28.18 percent to Rs 15,163.98 crore during the quarter under review as against Rs 11,829.84 crore in the corresponding period of the last fiscal. Profit before interest, depreciation, and tax was at ₹3,204 crores compared to ₹3,512 crores.UltraTech Cement’s total expenses were at Rs 12,980.06 crore, up 36.51 percent in Q1 FY23 as against Rs 9,508.26 crore. Read more

Closing Bell: Sensex gains 390 points, Nifty at 16719.45

Closing Bell: Sensex gains 390 points, Nifty at 16719.45
Friday, July 22, 2022
At close, the Sensex was up 390.28 points or 0.70% at 56,072.23, and the Nifty was up 114.20 points or 0.69% at 16,719.50, for the sixth day in a row, despite tepid global cues. Ultratech Cement, Grasim, UPL, HDFC, HDFC Bank, Eicher Motors, and ICICI Bank were the top gainers, rallying over 2% each. Infosys, Tata Consumer Products, NTPC, and Power Grid, on the other hand, shed over 1%. About 1732 shares have advanced, 1511 shares declined, and 143 shares are unchanged. Sectorally, the Nifty Bank added 1.6 percent, followed by the Nifty PSU Bank index up 1.5 percent. Nifty IT fell 0.6 percent, and power fell 0.5 percent. In the broader market, the BSE MidCap index fell 0.2 percent, but the BSE SmallCap index added 0.2 percent.

MARKET UPDATE:Sensex rose 250 points to 55,916, and the Nifty gained 72 points to 16,677

MARKET UPDATE:Sensex rose 250 points to 55,916, and the Nifty gained 72 points to 16,677
Friday, July 22, 2022
Opening Bell: Indian markets opened higher today(22 July 2022) tracking strength in global markets. The BSE Sensex rose 250 points to 55,916, and the NSE Nifty50 gained 72 points to 16,677. Ultratech Cement, Tata Steel, Nestle, Tech M, M&M, Kotak Bank, Asian Paints, SBI, and HDFC were the top winners on the Sensex. UPL, Eicher Motors, and Adani Ports were the additional gainers on the Nifty. Infosys, IndusInd Bank, L&T, Bajaj Finance, Divis Labs, and ONGC were the top index losers. Read more

Droupadi Murmu becomes India's first tribal President

Droupadi Murmu becomes India's first tribal President
Friday, July 22, 2022
Droupadi Murmu (64) made history by becoming India’s first tribal president. Fielded by the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA), Murmu got more than 64 percent of the votes cast, and at least 20 opposition votes, winning the election by a massive margin, defeating common opposition candidate Yashwant Sinha (84) and winning voters in the electoral college with her charm, simplicity and determined conviction protect tribal identity. Tribal chiefs from all over the country are planning to troop into Delhi to felicitate the new president when she takes oath on July 25, putting on display a new, different, iridescent India. Read more

Gland Pharma fell 12 percent post Q1 result

Gland Pharma fell 12 percent post Q1 result
Thursday, July 21, 2022
Shares of pharmaceutical company Gland Pharma hit a 52-week low of Rs 2,182 as they slipped 12 percent on the BSE in Thursday's intra-day trade. Consolidated net profit declined 35% YoY and 20% sequentially to Rs 229 crore in the Apr-Jun quarter, led by lower operating income and a 26% YoY fall in revenue from operations at Rs 857 crore in the period. The pharmaceutical company's PAT stood at Rs 351 crore in Q1FY22. On a sequential basis, PAT was down 20 percent from Rs 286 crore in Q4FY22The company's revenue from operations declined 26 percent YoY to Rs 857 crore from Rs 1,154 crore, and 22 percent QoQ from Rs 1,103 crore. Last year's revenue was higher due to Covid-19-related product sales. The company said continued supply disruption, cost escalation, and the Company’s decision to shut down two of its manufacturing lines for productivity improvement have affected the business for the quarter. Read more

Closing Bell: Sensex gains 284 points, Nifty at 16605.25

Closing Bell: Sensex gains 284 points, Nifty at 16605.25
Thursday, July 21, 2022
At close, the Sensex was up 284.42 points or 0.51% at 55,681.95, and the Nifty was up 84.50 points or 0.51% at 16,605.30 for the fifth day, amid mixed global mood, and weak oil prices. IndusInd Bank, L&T, Bajaj Finance, Tata Consumer Products, UPL, L&T, Bajaj Finserv, Asian Paints, and Hindalco were the top gainers. At the same time, Kotak Bank, Dr. Reddy’s Labs, SBI Life, Cipla, and Reliance Industries fell the most, down to 2 percent. About 1950 shares have advanced, 1302 shares declined, and 155 shares are unchanged. The broader markets, however, outran the frontline indices with the BSE MidCap and SmallCap indices climbing up to 1.3 percent. Among sectors, the Nifty PSU index rose 1.56%, Oil & Gas, Power, and Capital Goods indices rose 1-2 percent. while Nifty Pharma slipped 0.4%.

MARKET UPDATE:Sensex fell 100 points to 55,305, and the Nifty slipped 30 points to 16,490

MARKET UPDATE:Sensex fell 100 points to 55,305, and the Nifty slipped 30 points to 16,490
Thursday, July 21, 2022
The Indian equity markets opened weak today(21 July 2022) amid mixed cues from overseas. Weekly F&O expiry was also weighed. The BSE Sensex fell 100 points to 55,305, and the NSE Nifty50 slipped 30 points to 16,490. IndusInd Bank, Sun Pharma, M&M, Maruti, and Bharti Airtel were the top gainers on the Sensex, while Wipro, L&T, Kotak Bank, Infosys, TCS, and Asian Paints slipped up to 1.8 percent. The broader markets, meanwhile, opened in green. The BSE MidCap and SmallCap indices were up to 0.17 percent higher. Sectorwise, Nifty FMCG, Realty, Metal, and Auto held gains. While IT index suffered the most losses as Wipro dragged other peers. Read more

Windfall tax cut

Windfall tax cut
Wednesday, July 20, 2022
The government's quicker-than-expected cut in windfall tax on fuel exports should "normalize equity multiples" of Reliance Industries and state-owned ONGC (Oil and Natural Gas Corporation), said market experts today(20 July 2022). Besides, they see ONGC earning a profit per barrel worth $25, which is 20 percent higher than last year's profit. Technically, Reliance Industries shares opened a gap-up over the 200-day moving average (DMA) set at the Rs 2,507 mark. If the stock manages to hold ground above the same, a positive upside can be expected as the stock has held support near the Rs 2,350 level earlier.

CLOSING BELL:Sensex stood at 55,397, up 630 points while Nifty reclaimed the 16,500-mark to end at 16,521, up 180 points

CLOSING BELL:Sensex stood at 55,397, up 630 points while Nifty reclaimed the 16,500-mark to end at 16,521, up 180 points
Wednesday, July 20, 2022
The market sentiment on Dalal Street was lifted today(20 July 2022) on Supportive global cues amid consistently falling commodity prices, and the government's decision to cut windfall tax on fuel exports. The S&P BSE Sensex opened gap-up with a gain of over 600 points and built on them to hit a high of 55,630. By the close, the index stood at 55,397, up 630 points or 1.15 percent. The Nifty50, on the other hand, reclaimed the 16,500-mark to end at 16,521, up 180 points or 1.1 percent. Read more

MARKET UPDATE:Sensex soared over 650 points to 55,350, and the Nifty topped 16,550, gaining 200 points

MARKET UPDATE:Sensex soared over 650 points to 55,350, and the Nifty topped 16,550, gaining 200 points
Wednesday, July 20, 2022
The Indian markets, uplifted by the reduction in windfall tax on fuel exports and oil output, sharply edged higher today(20 July 2022) led by Reliance and ONGC, which rose 3-5 percent. The BSE Sensex soared over 650 points to 55,350, and the NSE Nifty50 topped 16,550, gaining 200 points. The broader markets also sat in green. The BSE MidCap and SmallCap indices were up to 0.9 percent higher. Among sectors, Nifty IT, metals, and oil & gas packs rose the most by 1.8 percent each. All other pockets also sat with firm gains of up to 1 percent. Rallis India fell 2 percent in a strong market reporting an 18.1 percent decline in Q1FY23 net profit at Rs 67.47 crore when compared with Rs 82.42 crore in Q1FY22. Uplifted by the reduction in windfall tax on fuel exports and oil output, x sharply edged higher on Wednesday led by Reliance and ONGC, which rose 3-5 percent.

CLOSING BELL:Sensex surged 246 points to close at 54,768, while the Nifty reclaimed 16,300-mark to end at 16,341

CLOSING BELL:Sensex surged 246 points to close at 54,768, while the Nifty reclaimed 16,300-mark to end at 16,341
Tuesday, July 19, 2022
Indian benchmark indices rose at the fag-end of a choppy session, amid gains in PSU and select private banks, financial services, and select heavyweight stocks. The S&P BSE Sensex surged 246 points higher to close at 54,768, while the Nifty50 reclaimed 16,300-mark to end at 16,341. The index was 62 points higher at the end of the session. The indices were up 0.45 percent and 0.38 percent, respectively. Axis Bank, IndusInd Bank, M&M, Tata Steel, Ultratech Cement, Bajaj Finserv, Bharti Airtel, SBI, Coal India, Eicher Motors, and ICICI Bank were the top rulers, up between 1-2.3 percent. On the flipside, ONGC, Nestle India, HDFC Life, Sun Pharma, Tata Consumer, Cipla, Hero MotoCorp, and SBI Life ended lower, down up to 2.6 percent. Read more

MARKET UPDATE: Sensex fell 200 points to 54,360, and the Nifty slipped 50 points to 16,227

MARKET UPDATE: Sensex fell 200 points to 54,360, and the Nifty slipped 50 points to 16,227
Tuesday, July 19, 2022
The BSE Sensex fell 200 points to 54,360, and the NSE Nifty50 slipped 50 points to 16,227. Tata Steel, Sun Pharma, Bharti Airtel, NTPC, Reliance, Ultratech Cement, PowerGrid, and Dr. Reddy were the handful of gainers on the Sensex. ONGC and Coal India were the additional Nifty winners. On the flipside, HCL Tech, Asian Paints, Tech M, TCS, Infy, Bajaj Finserv, HUL, Nestle, Tata Consumer, HDFC Life, and Britannia led losses on the two indices, down up to 1.5 percent. However, the broader markets opened in green. The BSE MidCap and SmallCap indices were up to 0.14 percent higher. Sectorally, Nifty auto, metals, and pharma indices outperformed the weak market, rising up to 0.6 percent. Financials, FMCG and IT sat with losses. Among stocks, Surya Roshini rose over 4 percent on winning an order worth Rs 91 crores. In the currency market, the rupee breached the 80/$ mark at open before slightly pulling back to 79.95/$.

Morgan Stanley cuts India's GDP forecast to 7.2% in FY23

Morgan Stanley cuts India's GDP forecast to 7.2% in FY23
Monday, July 18, 2022
Analysts at Morgan Stanley, have lowered their GDP growth estimates following Nomura slashed India's 2023 GDP growth forecast to 4.7 percent from its earlier projection of 5.4 percent amid recession fears and rising interest rates. Analysts in Morgan Stanley now expect the Indian economy - as measured by GDP - to grow at 7.2 percent in fiscal 2022-23 (FY23), 40 basis points (bps) lower than their earlier estimates. For FY24, the revised projection stands at 6.4 percent - down 30 bps. Read more

CLOSING BELL: Sensex jumped 760 points to end at 54,521 level while the Nifty closed at 16,279, up 229 points

CLOSING BELL: Sensex jumped 760 points to end at 54,521 level while the Nifty closed at 16,279, up 229 points
Monday, July 18, 2022
Indian benchmark indices surged over 1 percent higher today(18 July 2022), led by nearly broad-based buying driven by upbeat global momentum. The S&P BSE Sensex jumped 760 points to end at the 54,521 level while the Nifty closed at 16,279, up 229 points. The frontline indices climbed on the back of gains in Infosys, ICICI Bank, Kotak Bank, TCS, Axis Bank, L&T, SBI, and Reliance Industries. All these index heavyweights rallied between 0.85 percent and 4.5 percent. Separately, Tech M, Bajaj twins, Wipro, Ultratech Cement, Tata Steel, Titan, and Asian Paints were the other gainers rising up to 3.5 percent. On the downside, Dr. Reddy's Labs, HDFC Bank, HUL, Nestle, M&M, Maruti Suzuki, and HDFC were the laggards, down in the range of 0.5 percent to 1.7 percent. Read more

MARKET UPDATE: Sensex rose over 450 points to 54,237, while Nifty advanced 130 points to 16,180

MARKET UPDATE: Sensex rose over 450 points to 54,237, while Nifty advanced 130 points to 16,180
Monday, July 18, 2022
Indian stock markets opened with strong gains today(18 July 2022) tracking strength in Asian and US equities. The BSE Sensex rose over 450 points to 54,237, and the NSE Nifty50 advanced 130 points to 16,180. Infosys, Tech M, L&T, Dr. Reddy's, Sun Pharma IndusInd Bank, HUL, Tata Steel, and ICICI Bank led gains on the Sensex, rising 1-2 percent. Hindalco, JSW Steel, UPL, and ONGC were the additional gainers on Nifty. While HDFC twins, Britannia and M&M were the sole index losers holding tepid cuts. Read more

Bharti Airtel jumps 2% after Google buys 1.2% stake in Bharti Airtel for $700 million

Bharti Airtel jumps 2% after Google buys 1.2% stake in Bharti Airtel for $700 million
Friday, July 15, 2022
Shares of Bharti Airtel climbed nearly 2 percent on July 15 after the company said it is allotting 7.11 crore shares to Google on a preferential basis. The allotment is part of Google's commitment to invest $1 billion with Airtel, which included equity investment in the company worth $700 million, about Rs 5,224 crore, while the remaining $300 million will be invested through commercial agreements over the next five years, which include investments in scaling Airtel's offerings that cover a range of devices to consumers via innovative affordability programs. .“The ‘special committee of directors for preferential allotment of the company has approved the allotment of 71,176,839 equity shares of the face value of ₹5 each fully paid up, on a preferential basis to Google International LLC (Google) at an issue price of ₹734 per equity share (including a premium of ₹729 per equity share)," the carrier said in a note to BSE on Thursday. Read more

Closing Bell: Sensex gains 344.63 points, Nifty at 16049.20

Closing Bell: Sensex gains 344.63 points, Nifty at 16049.20
Friday, July 15, 2022
At close, the Sensex was up 344.63 points or 0.65% at 53,760.78, and the Nifty was up 110.50 points or 0.69% at 16,049.20. Hindustan Unilever was the top gaining stock on Sensex, up 2.86%, followed by Titan and Maruti Suzuki India. Tata Steel, Power Grid, and HCL Tech were the laggards. About 1712 shares have advanced, 1491 shares declined, and 147 are unchanged. The BSE MidCap index added 0.85 percent in the broader market, and the BSE SmallCap index, too, gained 0.5 percent. Sectorally, the Nifty Auto index was the biggest gainer, up 2 percent, and FMCG and Capital Goods indices rose 1 percent each, Bank Nifty ended 0.09% higher. The Nifty Metal, on the contrary, eased 0.8 percent. India VIX fell 4% to settle at 17.6%.

MARKET UPDATE: Sensex rose 300 points to 53,717, and Nifty gained 88 points to 16,030

MARKET UPDATE: Sensex rose 300 points to 53,717, and Nifty gained 88 points to 16,030
Friday, July 15, 2022
The Indian markets opened with nominal gains today(15 July 2022) tracking mixed cues from overseas amid declining commodity prices. The BSE Sensex rose 300 points to 53,717, and the NSE Nifty50 gained 88 points to 16,030. Bharti Airtel, SBI, Bajaj Finance, IndusInd, L&T, Kotak Bank, HUL, Infosys, and Tech M led gains on the Sensex. Britannia, Apollo Hospital, and Tata Consumer were the additional winners on Nifty. On the flipside, Tata Steel, HCL Tech, Axis Bank, Wipro, Tata Steel, JSW Steel, ONGC, and Hindalco were the top index drags. Read more

Closing Bell: Sensex down 98 points, Nifty at 15938.65

Closing Bell: Sensex down 98 points, Nifty at 15938.65
Thursday, July 14, 2022
At close, the Sensex was down 98 points or 0.18% at 53,416.15, and the Nifty was down 28 points or 0.18% at 15,938.70, as the global mood turned cautious amid 40-year high inflation in the US. Sun Pharma was the top gainer on Sensex, up 2.55%, followed by Dr Reddy’s, and Kotak Mahindra Bank. Axis Bank was the worst performing Sensex constituent, accompanied by HCL Tech and State Bank of India. Sectorally, the Nifty PSU Bank index declined by 2 percent, while the Nifty IT index eased by 1.4 percent. On the upside, the Nifty Pharma index added 0.78 percent, Oil & Gas and Power indices gained 1-1.6 percent. In the broader market, the BSE MidCap and SmallCap indices slipped up to 0.56 percent. India VIX was in the red on the closing bell, hanging just above 18 levels.

MARKET UPDATE: Sensex rose 180 points to 53,700, and the NSE Nifty50 advanced 60 points to 16,031

MARKET UPDATE: Sensex rose 180 points to 53,700, and the NSE Nifty50 advanced 60 points to 16,031
Thursday, July 14, 2022
The Indian markets started today's(14 July 2022) session with tepid gains as investors digested a 41-year high retail inflation in the US at 9.1 percent for June. The BSE Sensex rose 180 points to 53,700, and the NSE Nifty50 advanced 60 points to 16,031. Sun Pharma, Bharti Airtel, Titan, Nestle, L&T, HUL, Power Grid, and Dr. Reddy were the top winners of the Sensex. Apollo Hospitals, Tata Consumer, and Britannia were additional gainers on the Nifty. On the other hand, SBI, Axis Bank, ITC, Tata Steel, and JSW Steel were among the handful of index losers. The broader markets also opened in green. The BSE MidCap and SmallCap indices were up to 0.11 percent higher. Read more

Nomura cuts India 2023 GDP forecast to 4.7%

Nomura cuts India 2023 GDP forecast to 4.7%
Wednesday, July 13, 2022
Analysts at Nomura have cut its 2023 forecast for economic growth in India, as measured by the gross domestic product (GDP), to 4.7 percent from its earlier projection of 5.4 percent amid worries of recession picking up across the world in an inflationary environment as it expects growth to slow down over the next year. “We see rising medium-term growth headwinds from higher inflation, monetary policy tightening, dormant private capex growth and, most importantly, global growth slowdown,” Consequently, we lowered our 2023 GDP growth projection from 5.4% to 4.7%," the firm said in a note co-authored by Aurodeep Nandi and Sonal Varma. The Indian economy has been racing above its pre-pandemic level, led by a sharp recovery in the services sector, and supported by the lagged effects of easy financial conditions, a public capex push, and a rise in real bank credit growth and the improvement in growth has been broad-based across consumption, investment, industry and the external sector. Read more

Closing Bell: Sensex tanks 327 points, Nifty at 15966.65

Closing Bell: Sensex tanks 327 points, Nifty at 15966.65
Wednesday, July 13, 2022
At close, the Sensex was down 372.46 points or 0.69% at 53,514.15, and the Nifty was down 91.60 points or 0.57% at 15,966.70, as investors turned cautious ahead of the key US retail inflation data due later tonight.IndusInd bank was the top BSE Sensex loser, followed by Housing Development Finance Corporation (HDFC), Bharti Airtel, HDFC Bank, and Reliance Industries, among others. On the flip side, Hindustan Unilever (HUL), Asian Paints, Sun Pharma, Kotak Mahindra Bank, NTPC, Nestle India, Power Grid Corporation of India, Infosys, ITC, and others capped the index’s losses. About 1649 shares have advanced, 1584 shares declined, and 141 are unchanged. The BSE MidCap and SmallCap indices ended 0.32 and 0.04 percent higher, respectively. Among sectors, banks & financials, and oil & gas pockets on the Nifty were the top laggards, each closing 1 percent lower. Nifty IT also ended with marginal cuts, while, FMCG and Pharma indices ended with strong gains of 1 percent each.

MARKET UPDATE: Markets are likely to open on a positive ground;SGX Nifty Futures quoted 16,115 levels, up around 50 points

MARKET UPDATE: Markets are likely to open on a positive ground;SGX Nifty Futures quoted 16,115 levels, up around 50 points
Wednesday, July 13, 2022
Indian markets are likely to open on a positive ground despite mixed global cues today(13 July 2022). As of 7:40 AM, SGX Nifty Futures quoted 16,115 levels, up 50-odd points on the Nifty50. today(13 July 2022), investors will closely monitor the US inflation data for June. Back home, HCL Technologies will be on investors' radar after the IT major saw a rise in net profit by 2.4 percent year-on-year (YoY) to Rs 3,283 crore. Globally, the US markets closed lower on Tuesday on recession fears. While Dow Jones slipped 0.6 percent, both the S&P 500 and NASDAQ Composite declined 0.9 percent each. However, major markets in Asia-Pacific traded higher on Wednesday morning. Japan's Nikkei 225, South Korea's Kospi, and Hong Kong's Hang Seng index rose 0.3 percent each. Meanwhile, prices of crude oil tumbled below $100 per barrel on a stronger dollar and weak demand outlook. On Wednesday, Brent Crude hovered at $99 per barrel and WTI Crude was at $95 per barrel.

Ahluwalia Contracts gains 12 percent on order win worth Rs 150 crore

Ahluwalia Contracts gains 12 percent on order win worth Rs 150 crore
Tuesday, July 12, 2022
Shares of Ahluwalia Contracts (India) gained 12 percent to Rs 467 on the BSE in Tuesday's intra-day deals, in an otherwise weak market, after the company secured new order worth Rs 150 crore from Ritnand Salved Education Foundation for the construction work of Amity Campus Bengaluru. Post this order, the total order inflow during the FY2022-23 stands at Rs863 crore. Last month, Ahluwalia Contracts secured an order worth approximately Rs 209 crore for the construction of Adani Connex Data Centers at Noida (UP) from D C Development Noida Ltd. The company had also secured new orders aggregating to Rs 442 crore for the construction of the National Police Academy in Nepal under a joint venture (JV). The total work order for this project was Rs 630.95 crore and the company's share is Rs 442 crore for its 70 percent share in the JV. n FY22, the company had recorded 35.8 percent growth in turnover at Rs 2,692 crore and Ebitda margin of 10.61 percent. As of March 31, 2022, the company's net o Read more

Closing Bell: Sensex gains 508 points, Nifty at 16058.30

Closing Bell: Sensex gains 508 points, Nifty at 16058.30
Tuesday, July 12, 2022
At close, the Sensex was down 508.62 points or 0.94% at 53,886.61, and the Nifty was down 157.70 points or 0.97% at 16,058.30, amid nervousness in the global markets. Stocks of Infosys, Nestle India, HCL Tech, HUL, Mahindra & Mahindra, Kotak Mahindra Bank, Asian Paints, IndusInd Bank, and Titan Company were among the top index drags. On the flip side, NTPC, Bharti Airtel, and Bajaj Finance were the only gainers on S&P BSE Sensex. About 1436 shares have advanced, 1784 shares declined, and 157 are unchanged. In the broader markets, the BSE MidCap and SmallCap indices outperformed the benchmark indices as they shed just 0.5 percent. All but the Nifty Realty index traded with losses, led by auto, IT, and metal counters. Nifty Bank index declined 0.95 percent to finish trade at 35,132. India VIX rose 1 percent to settle at 18.55 levels.

MARKET UPDATE: Sensex quoted at 54,084, down 311 points, while Nifty hovered around 16,108, down 108 points

MARKET UPDATE: Sensex quoted at 54,084, down 311 points, while Nifty hovered around 16,108, down 108 points
Tuesday, July 12, 2022
Indian benchmark indices started on a subdued note today (12 July 2022), following weakness in Asian markets. The 30-pack S&P BSE Sensex quoted at 54,084, down 311 points or 0.57 percent, in early deals while the Nifty50 hovered around 16,108, down 108 points or 0.67 percent. Tata Steel, HCL Tech, Dr. Reddy's Labs, Titan, Bajaj Finserv, and M&M were the major losers in the large-cap space, falling up to 2 percent in morning trade. Meanwhile, in the broader market, the BSE MidCap and SmallCap indices fell 0.5 percent each. Individually, shares of Spandana Sphoorty fell 5 percent after the company's consolidated net profit dropped 42 percent to Rs 28.6 crore in the March quarter (Q4FY22) after one-time settlement fees and transition expenses.

Closing Bell: Sensex down 87 points, Nifty at 16216.00

Closing Bell: Sensex down 87 points, Nifty at 16216.00
Monday, July 11, 2022
At close, the Sensex was down 86.61 points or 0.16% at 54,395.23, and the Nifty was down 4.60 points or 0.03% at 16,216. Stocks of Bharti Airtel, Tata Consultancy Services (TCS), HCL Tech, Infosys, Wipro, HUL, and State Bank of India (SBI) ended up to 5 percent down. On the flip side, Tata Steel was the top BSE Sensex gainer, followed by M&M, Dr Reddy’s, ICICI Bank, Asian Paints, ICICI Bank, Axis Bank, and Reliance Industries, among others. About 2035 shares have advanced, 1297 shares declined, and 155 are unchanged. Sectorally, except for the Nifty IT index, which closed 3 percent lower, all other indices eked out gains. The Nifty PSU Bank index was the top gainer, up 2 percent, and auto, metal, oil & gas, realty, and power indices rose 1-4 percent.BSE midcap and smallcap indices rose 0.5-1 percent.

MARKET UPDATE: Sensex fell 300 points to 54,177, while Nifty slipped 82 points to 16,138

MARKET UPDATE: Sensex fell 300 points to 54,177, while Nifty slipped 82 points to 16,138
Monday, July 11, 2022
The Indian markets opened weak today(11 July 2022) tracking subdued global sentiment. To add to the pressure, IT giant TCS fell 3 percent as investors reacted to the company's soft Q1FY23 earnings. The BSE Sensex fell 300 points to 54,177, and the NSE Nifty50 slipped 82 points to 16,138. On the Sensex, all other IT companies also suffered losses with Infosys, HCL Tech, Wipro, and Tech M falling 1-2 percent. Bharti Airtel was the top loser, dipping 4 percent after the Adani group announced its plan to participate in the 5G spectrum auction to create the group’s own private networks and support its businesses. Read more

IT stocks likely to remain under pressure amid global headwinds

IT stocks likely to remain under pressure amid global headwinds
Sunday, July 10, 2022
Information technology stocks are likely to remain under pressure in the near term amid headwinds emanating from the worsening economic situation in key global markets and financial market volatility, according to analysts. While the country's largest software exporter TCS reported a 5.2 percent rise in June quarter net profit on Friday, kicking off the latest earnings cycle, IT shares have been sliding, with the BSE Information Technology index tumbling nearly 24 percent so far this year. Cross-currency headwinds and large-scale talent churn resulting in higher wage hikes could also add to the challenges, especially in terms of the impact on operating margins, analysts opined. Read more

M&M rallies 5%, hits record high as automaker looks to invest in new EV entity

M&M rallies 5%, hits record high as automaker looks to invest in new EV entity
Friday, July 8, 2022
Shares of Mahindra & Mahindra (M&M) hit a new high of Rs 1,191.90 after they rallied 5 percent on the BSE in Friday's intra-day trade. This comes after the company the automaker inked a pact with the British International Investment (BII) to invest Rs 1,925 crore each in a wholly-owned subsidiary of the home-grown auto major, focusing on four-wheel passenger electric vehicles.BII will invest up to Rs 1,925 crores in the form of compulsory convertible instruments at a valuation of up to Rs. 70,070 crores, resulting in 2.75% to 4.76% ownership for BII in the EV Co.," M&M said in a stock exchange filing. The total capital infusion for the EV Co. is envisaged to be approximately Rs 8,000 crores / $1 billion between FY24 and FY27 for the planned product portfolio. Read more

Closing Bell: Sensex gains 303 points, Nifty at 16220.60

Closing Bell: Sensex gains 303 points, Nifty at 16220.60
Friday, July 8, 2022
At close, the Sensex was up 303.38 points or 0.56% at 54,481.84, and the Nifty was up 87.70 points or 0.54% at 16,220.60, as a lack of fresh triggers kept indices directionless. L&T stock price gained 4.56% as the top Sensex gainer, followed by Power Grid, and NTPC. Tata Steel was the top laggard, down 1.6%, accompanied by Maruti Suzuki, and IndusInd Bank. TCS closed 0.61% lower ahead of its Q1 results. About 1859 shares have advanced, 1352 shares declined, and 146 are unchanged. Among sectors, the Nifty Metal index was the sole loser, down 0.8 percent. The Nifty Bank and FMCG indices, meanwhile, were the outperformers, up 0.5 percent each. BSE midcap and smallcap indices ended with marginal gains. India VIX was down 4%, giving up 19 levels while Bank Nifty ended at 35,124.

MARKET UPDATE: Sensex rose 300 points to 54,527, and the NSE Nifty50 gained 90 points to 16,222

MARKET UPDATE: Sensex rose 300 points to 54,527, and the NSE Nifty50 gained 90 points to 16,222
Friday, July 8, 2022
Indian equity markets started today's(8 July 2022) session firmly higher tracking strength in Asian and the US markets. The BSE Sensex rose 300 points to 54,527, and the NSE Nifty50 gained 90 points to 16,222. M&M, L&T, ICICI Bank, NTPC, Infosys, Axis Bank, Kotak Bank, ITC, HCL Tech, and Tech M were the top winners on the Sensex. Coal India, Grasim, and Britannia were the additional top gainers on Nifty. On the downside, Asian Paints, Titan, Tata Steel, JSW Steel, Dr Reddy's, Bajaj Finance, IndusInd Bank, Hindalco, and ONGC were the top losers across the two benchmarks. The broader markets also opened in green. The BSE MidCap and SmallCap indices were up to 0.3 per cent higher. Sector-wise Nifty Bank, Auto, Financials led sectoral gains. Nifty metals were the sole laggard among sectors. Among stocks, Suven Pharmaceuticals rose 2.6 per cent. The company has received US FDA approval for Glycopyrrolate. Glycopyrrolate is used to treat peptic ulcers in adults.

Titan Shares gains 8 percent after Q1 result

Titan Shares gains 8 percent after Q1 result
Thursday, July 7, 2022
Shares of Tata group firm Titan surged 8 percent to Rs 2,170.95 on the BSE in Thursday's intra-day trade after the company said its total sales in the first quarter of fiscal 2022-23 (Q1FY23) grew 205 percent year-on-year (YoY) led by strong wedding demand and a low base. Its network expansion and campaigns continued to progress well throughout Q1FY23, which was the non-disrupted first quarter in the last three years, said Titan in its quarterly updates. In Q1FY23, jewelry revenue nearly tripled, clocking a growth of 207 percent. The Division had a good start to FY23 with robust sales on the auspicious occasion of Akshaya Tritiya in May month after 2 years of Covid-induced lockdowns in this period. Both walk-ins and buyers grew in line with revenues whereas ticket size marginally improved compared to Q1FY22, Titan Company said in its exchange filing. Read more

Closing bell: Sensex jumps 427 points, Nifty at 16132.90

Closing bell: Sensex jumps 427 points, Nifty at 16132.90
Thursday, July 7, 2022
At close, the Sensex was up 427.49 points or 0.80% at 54,178.46, and the Nifty was up 143.10 points or 0.89% at 16,132.90 for a second straight day, as falling commodity prices eased inflationary concerns. Titan was the top gainer, ending 5.88% higher, followed by Tata Steel, L&T, and IndusInd Bank. Dr Reddy’s was the top laggard, falling 1.3%, accompanied by Nestle India, and Bharti Airtel. About 2201 shares have advanced, 1013 shares declined, and 146 are unchanged. The BSE MidCap and SmallCap indices in the broader markets edged over 1 percent higher. The Nifty PSU Bank and metal index advanced the most, up 3.4 to 4 percent. The Nifty FMCG index, meanwhile, settled 0.08 percent down. while India's VIX fell 5.28% to give up 20 levels.

MARKET UPDATE: Sensex rose 450 points to 54,200, and Nifty advanced 150 points to 16,140

MARKET UPDATE: Sensex rose 450 points to 54,200, and Nifty advanced 150 points to 16,140
Thursday, July 7, 2022
The Indian markets opened gap-up today(7 July 2022), tracking positive cues from overseas amid a sharp fall in crude and strongly extended their previous session's gains. The BSE Sensex rose 450 points to 54,200, and the NSE Nifty50 advanced 150 points to 16,140. Titan, Asian Paints, M&M, Kotak Bank, Power Grid, ICICI Bank, and IndusInd Bank led the upmove on the Sensex, while Bharti Airtel was the sole index loser, down 0.5 percent. The broader markets also opened firmly higher. The BSE MidCap and SmallCap indices gained up to 0.8 percent.

Bajaj Finance stock jumps 5% after quarterly result

Bajaj Finance stock jumps 5% after quarterly result
Wednesday, July 6, 2022
Bajaj Finance's share price rose 5 percent on July 6 after the company reported better numbers for the quarter that ended June 2022. Bajaj Finance, a leading NBFC company, witnessed a 31% Year-on-Year (YoY) growth in its core assets under management in the quarter that ended June 30, 2022. The company's AUM grew from approximately Rs 156,115 crore on 30 June 2021 to Rs 204,000 crore as of 30 June '22. Bajaj Finance witnessed the highest ever quarterly increase in its customer franchise of 2.7 million in the initial quarter of FY23. Customer franchise of the company increased from 50.5 million in June 2021 to 60.3 million in June 2022 and new loans booked during the first quarter of 2023 were 7.4 million compared to last year’s 4.6 million, the company said in a filing to the exchanges. Bajaj Finance continues to remain well-capitalized with a CRAR of ~ 26.2%. Read more

Closing Bell: Sensex gains 617 points, Nifty at 15989.80

Closing Bell: Sensex gains 617 points, Nifty at 15989.80
Wednesday, July 6, 2022
At close, the Sensex was up 616.62 points or 1.16% at 53,750.97, and the Nifty was up 178.90 points or 1.13% at 15,989.80, aided by a dramatic fall in oil prices and strength in global peers. Asian Paints was the top Sensex gainer, followed by Bajaj Finance, and IndusInd Bank. Tata Steel was the top laggard, accompanied by Power Grid, and NTPC. About 1779 shares have advanced, 1436 shares declined, and 131 are unchanged. From sectors, the Nifty metals index closed flat amid a continuous slide in metal prices. The oil & gas pocket was the sole loser, ending 0.17 percent down. On the other hand, Nifty Auto, FMCG, Realty, and Consumer Durables led the most gains, gaining 2-2.6 percent each. Bank nifty index was above the 34,000 mark while India VIX was in the red but still above 20 levels. The BSE midcap index rose 1.7 percent, and smallcap index added 0.94 percent.

MARKET UPDATE: Sensex rose 250 points to 53,400, and Nifty advanced 55 points to 15,865

MARKET UPDATE: Sensex rose 250 points to 53,400, and Nifty advanced 55 points to 15,865
Wednesday, July 6, 2022
The Indian equity markets opened with nominal gains today(6 July 2022) tracking subdued trade in other Asian markets. The BSE Sensex rose 250 points to 53,400, and the NSE Nifty50 advanced 55 points to 15,865. Asian Paints, L&T, Axis Bank, Bajaj twins, Kotak Bank, Maruti, Tech M, HUL, Ultratech Cement, and IndusInd Bank led gains on the Sensex, while Tata Steel, Nestle PowerGrid, NTPC, and ITC were the sole losers. The broader markets also opened in green. The BSE MidCap and SmallCap indices were up to 0.4 percent higher.

Closing Bell: Sensex down 100 points, Nifty at 15810.85

Closing Bell: Sensex down 100 points, Nifty at 15810.85
Tuesday, July 5, 2022
At close, the Sensex was down 100.42 points or 0.19% at 53,134.35, and the Nifty was down 24.50 points or 0.15% at 15,810.90.PowerGrid, Shree Cement, Apollo Hospitals, Hindalco, Bajaj Finserv, ONGC, Tata Motors, and HUL were the top gainers on the 50-pack index, while ITC, Wipro, HDFC Life, Britannia Industries, Maruti Suzuki, and M&M were the top draggers. About 1671 shares have advanced, 1538 shares declined, and 150 are unchanged. Overall, the Nifty Metal index was the best performing sectoral index today, up 0.3 percent. On the flipside, the Nifty IT index slipped 0.7 percent, the Power index gained 0.6 percent, while selling was seen in the realty, IT, auto, and banking names. In the broader markets. the BSE MidCap index fell 0.4 percent, but the BSE SmallCap index rose by 0.2 percent.

India's services activity touches an eleven-year high of 59.2 in June

India's services activity touches an eleven-year high of 59.2 in June
Tuesday, July 5, 2022
In June 2022 India’s services activity expanded at the fastest pace in eleven years. Rising from 58.9 in May to 59.2 in June, the seasonally adjusted S&P Global India Services PMI Business Activity Index was at its highest mark since April 2011. The June data pointed to further accelerations in new business growth and output at Indian services companies amid ongoing improvements in demand conditions. Although firms expect the recovery to be sustained over the coming 12 months, concerns surrounding price pressures restricted business confidence. Input costs continued to rise at a historically elevated pace, although one that was the slowest in three months, while charge inflation hit a near five-year high. Read more

MARKET UPDATE: Sensex surged 600 points to 53,830 and Nifty was seen back above the 16,000-mark

MARKET UPDATE: Sensex surged 600 points to 53,830 and Nifty was seen back above the 16,000-mark
Tuesday, July 5, 2022
The Indian key benchmark indices extended gains for the second straight day as investors bought beaten-down shares in hopes of a relief rally. The BSE Sensex surged 600 points to 53,830. The NSE Nifty was seen back above the 16,000-mark after almost a month. In the broader markets, the BSE Midcap gained 0.8 percent while the SmallCap index jumped 1.2 percent. The overall breadth too was pretty optimistic with nearly three advancing stocks for every declining share. Among stocks, Marksans Pharma surged over 11 percent after the company said it would consider a share buyback. MMTC also soared 7 percent. The company has completed the sale of Neelachal Ispat Nigam to Tata Steel Long.

Tata power to invest Rs 3000 cr to set up solar cell

Tata power to invest Rs 3000 cr to set up solar cell
Monday, July 4, 2022
Indian power giant Tata Power on July 4 Monday announced that it has inked a pact with the Tamil Nadu government to invest Rs 3,000 crore for setting up a new facility to manufacture solar cells and modules in the Tirunelveli district of the state. Tata Power has signed a Memorandum of Understanding with the Tamil Nadu government to invest about ₹3,000 crores to set up a solar cell, module manufacturing unit in Tirunelveli, Tamil Nadu. Both parties pledged to encourage the state's shift to clean energy and employment. Investment in the facility will be made over a 16-month period that will result in the creation of more than 2,000 job opportunities, with the majority of workers in the workforce being female. The MoU was signed by S Krishnan, additional chief secretary to the government of Tamil Nadu, Industries Department, and Praveer Sinha, CEO & MD, Tata Power, in the presence of state chief minister M K Stalin and senior officials of the state Read more

Closing Bell: Sensex gains 300 points, Nifty at 15835.35

Closing Bell: Sensex gains 300 points, Nifty at 15835.35
Monday, July 4, 2022
At close, the Sensex was up 326.84 points or 0.62% at 53,234.77, and the Nifty was up 83.40 points or 0.53% at 15,835.40.ITC was the top gaining stock on Sensex, followed by IndusInd Bank, ICICI Bank, HUL, and Powergrid. Tata Steel was the top laggard, accompanied by M&M, Cipla, JSW Steel, and TCS. About 1976 shares have advanced, 1330 shares declined, and 171 are unchanged. The BSE MidCap and SmallCap indices gained 0.8 percent and 0.6 percent in the broader markets, respectively. Among sectors, the Nifty FMCG advanced 2.6 percent, bank and capital goods indices rose 1 percent, while the Nifty Metal slipped over 1 percent. India VIX was up 1% just shy of 22 levels.

MARKET UPDATE: Indian equity markets are likely to start trade on a flattish note

MARKET UPDATE: Indian equity markets are likely to start trade on a flattish note
Monday, July 4, 2022
The Indian equity markets are likely to start trade today (4 July 2022) on a flattish note. As of 8:00 AM, the SGX Nifty Futures quoted 15,729 levels, indicating a cut of 23-odd points on the Nifty50. However, globally, the US markets closed in positive territory on Friday. Dow Jones advanced 1.05 percent, while the S&P 500 rose 1.06 percent, and NASDAQ Composite was up 0.9 percent. Asia-Pacific markets, too, imitated the positive cues from the US markets and edged higher on Monday morning. Japan's Nikkei 225 rose 1.09 percent and South Korea's Kospi was up 0.2 percent. Back home, macro data and corporate earnings season will steer the markets this week. That apart, among individual stocks, HDFC and HDFC Bank will be in focus after both stock exchanges approved their proposed merger.

Reliance Industries plunge over 8%, on excise duty hike on fuel

Reliance Industries plunge over 8%, on excise duty hike on fuel
Friday, July 1, 2022
Shares of Reliance Industries Ltd (RIL), witnessed a sharp fall after the export tax hike announcement. RIL shares plunged more than 7%, its biggest decline in about 18 months, The sharp drop can be attributed to the government levying additional tax on domestically produced crude oil to take away windfall gains, according to experts. “Reliance is witnessing a sharp fall after the Government has levied taxes on windfall gains made by domestic refineries. The government on Friday announced an increase in taxes on the export of petrol, diesel, and aviation turbine fuel (ATF). The centre has also mandated exporters to meet the requirements of the domestic market first. The government has levied a ₹6 per litre tax on exports of petrol and ATF and ₹13 per litre on exports of diesel. Read more

Closing Bell: Sensex down 111 points, Nifty at 15752.05

Closing Bell: Sensex down 111 points, Nifty at 15752.05
Friday, July 1, 2022
At close, the Sensex was down 111.01 points or 0.21% at 52907.93, and the Nifty was down 28.30 points or 0.18% at 15752. Benchmark indices staged a smart recovery in the dying hours of trade and even turned positive just a few minutes before closing in the red.ONGC, Reliance Industries Power Grid Corporation, Bajaj Auto, and Bharti Airtel were among the top Nifty losers. ITC, Bajaj Finance, Bajaj Finserv, Britannia Industries, and Cipla were among the gainers on the index. About 1708 shares have advanced, 1503 shares declined, and 144 shares are unchanged. In the broader markets, the BSE MidCap and SmallCap indices fell 0.07 percent and 0.46 percent, respectively. Among sectors, the BSE Oil and Gas Index dropped 3.5 percent, and Realty and FMCG indices were up 1-2 percent. Bank Nifty gained 0.34% while India VIX was down 2.7% but still above 21 levels.

MARKET UPDATE: Indian equity markets are likely to open lower

MARKET UPDATE: Indian equity markets are likely to open lower
Friday, July 1, 2022
The Indian equity markets are likely to open lower in trade today(1 July 2022) amid unfavourable global sentiments. As of 7:50 AM, the SGX Nifty Futures quoted 15,722 levels, signaling a cut of 50-odd points on the Nifty50. The US markets continued to be under selling pressure yesterday. Fed's tough talks coupled with recession fears eroded investor sentiment and bogged down the S&P 500 to the path of the worst first half of the year since 1970. Both Dow Jones and the S&P 500 shed 0.8 percent each, whereas, NASDAQ Composite lost 1.3 percent. Read more

Ratnamani Metals zooms 16% ahead of record date for bonus shares issues

Ratnamani Metals zooms 16% ahead of record date for bonus shares issues
Thursday, June 30, 2022
Shares of Ratnamani Metals and Tubes Ltd jumped to hit a 52-week high level of ₹1,920 apiece on the BSE in Thursday's early deals as the stock started trading ex-bonus, a day ahead of its record date for the bonus shares issue. The company will issue one bonus share for every two shares held by the existing shareholders. The bonus issue of shares was announced on May 18, 2022. The record date for the bonus issue is July 1. The Bonus Shares will be issued out of Securities Premium Reserve, Free Reserves, Retained Earnings available as at March 31, 2022. The Bonus shares will be credited/dispatched within 2 months from the date of board approval i.e. latest by July 17, 2022, it had said.“The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the new equity shares are allotted," the company added. Read more

Closing Bell: Sensex eends flat down 8.03 points, Nifty at 15780.25

Closing Bell: Sensex eends flat down 8.03 points, Nifty at 15780.25
Thursday, June 30, 2022
At close, the Sensex was down 8.03 points or 0.02% at 53018.94, and the Nifty was down 18.80 points or 0.12% at 15780.30, amid weakness in US stock futures and European markets. Tech Mahindra, IndusInd Bank, Bajaj Finance, Tata Steel, Bajaj Finserv, HCL Tech, M&M, and HDFC were among the top index draggers. On the flip side, Axis Bank, State Bank of India (SBI), Kotak Mahindra Bank, NTPC, ICICI Bank, Reliance Industries Ltd, and L&T were among the top BSE Sensex gainers. About 1336 shares have advanced, 1857 shares declined, and 138 shares are unchanged. The BSE MidCap and SmallCap indices shed 0.5 and 0.7 percent, respectively. Sectorally, Nifty Banks and financials were the sole outperformers, ending around 0.5 percent up. On the flip side, metals led losses closing 2 percent down. Other top drags were auto, IT, realty, and PSBs, which cracked a percent each.

MARKET UPDATE: Indian equity markets: Likely to open on a muted note

MARKET UPDATE: Indian equity markets: Likely to open on a muted note
Thursday, June 30, 2022
As global cues turn mixed, the Indian equity markets are likely to open on a muted note today(30 June 2022). At 7:54 AM, the SGX Nifty Futures quoted 15,740 levels, indicating a cut of over 50 points on the Nifty50. Globally, the US markets closed mixed yesterday (29 June) after Federal Reserve Chairman Jerome Powell emphasised the central banks' hawkish stance to tame high inflation. While Dow Jones advanced 0.2 percent, both NASDAQ Composite and the S&P 500 dropped into the negative zone - falling to 0.03 percent and 0.07 percent, respectively. Read more

Route Mobile shares fall as board approves buyback

Route Mobile shares fall as board approves buyback
Wednesday, June 29, 2022
Shares of Route Mobile dipped 7 percent to Rs 1,236.65 on the BSE in Wednesday's trade, falling 10 percent in two trading days, after the board approved share buyback via Open Market. Route Mobile's board has approved the buyback by the company of its fully paid-up equity shares at a price not exceeding ₹1,700 per equity share (Maximum Buyback Price) and for an aggregate amount not exceeding ₹120 crores (maximum buyback size), from the shareholders of the company, excluding promoters, promoter group and persons who are in control of the company payable in cash via the 'Open Market' route through the stock exchanges mechanism," Route Mobile said in an exchange filing. The maximum number of shares bought back would be 705,882 which is 1.12% of the total number of paid-up shares of the company. The maximum buyback size represents 9.95 and 7.31 percent of the total paid-up equity share capital and free reserves of the company, respectively. Read more

Closing Bell: Sensex down 150 points, Nifty at 15799.10

Closing Bell: Sensex down 150 points, Nifty at 15799.10
Wednesday, June 29, 2022
At Close, Benchmark indices ended in the red on June 29 snapped a 4-day winning streak and closed 150 points down or 0.28% at 53026.97, and Nifty was down 0.32% or 51.1 points at 15799.1. HDFC Life, HUL, Apollo Hospitals, Axis Bank, Tata Consumer Products, Bajaj Finserv, and UPL were the major draggers, down up to 4.5 percent. Reliance Industries, Bharti Airtel, ITC, and NTPC were the major gainers in the Sensex pack. In the broader markets, the BSE SmallCap index settled a wee bit in the red, while the BSE MidCap index fell 0.7 percent. Sectorally, most of the indices closed with losses barring the Nifty Oil and Gas index (up 0.9 percent). The Nifty IT, Bank, and FMCG indices dropped over 1 percent each. Among sectors selling was seen in the bank, IT, and FMCG names.

MARKET UPDATE: Indian equity markets: A tepid opening is on cards

MARKET UPDATE: Indian equity markets: A tepid opening is on cards
Wednesday, June 29, 2022
As global sentiments turn bearish a tepid opening is on cards for the Indian equity markets today(29 June 2022). At 7:44 AM, the SGX Nifty Futures were quoted at 15,697 levels, indicating a gap-down of over 100 points on the Nifty50. The US equity markets suffered from big cuts in trade on Tuesday. Dow Jones fell 1.5 percent, the S&P 500 dropped 2.01 percent, and NASDAQ Composite slipped 2.9 percent. Meanwhile, investors will keenly watch the US quarterly GDP data today' Markets in Asia-Pacific imitated the sour global mood and fell in trade on Wednesday morning. While Japan's Nikkei 225 dropped 0.9 percent, South Korea's Kospi was down 1.5 percent. That apart, prices of crude oil edged higher in trade. Brent Crude jumped 2.5 percent to $117.58 a barrel and WTI Crude added 2 percent to $111.76 a barrel. Read more

India defies global slump with a record dealmaking spree in Q2

India defies global slump with a record dealmaking spree in Q2
Tuesday, June 28, 2022
While dealmaking elsewhere in the world slows to a crawl bankers in India recorded their best-ever quarter for mergers and acquisitions. India saw $82.3 billion pending and completed M&A deals in the second quarter, the highest amount on record, according to data compiled by Bloomberg. That’s more than twice as much as the previous record of $38.1 billion in the third quarter of 2019. Globally, M&A volume in the quarter reached $827.6 billion, down 8.7% from the same period in 2021. The surge in India was dominated by HDFC Bank Ltd.’s $60 billion all-stock purchase of Housing Development Finance Corp. in April, combining India’s most valuable bank and largest mortgage lender in the country’s biggest-ever M&A transaction. The move illustrated how India’s flagship companies, facing disruptive trends such as the rise of fintech and climate change, are turning to dealmaking as a tactic to dramatically reshape themselves. Read more

Mukesh Ambani resigns as director of Reliance Jio, Akash Ambani appointed Chairman

Mukesh Ambani resigns as director of Reliance Jio, Akash Ambani appointed Chairman
Tuesday, June 28, 2022
The Reliance Jio board on Tuesday approved the appointment of Akash Ambani as the chairman of the board. Mukesh Ambani has resigned as the director of the company effective from 27 June. He has also been appointed as the Non-executive Director of Reliance Jio. The board at its meeting today also approved the appointment of Pankaj Mohan Pawar as Managing Director of the Reliance Jio for five years commencing from June 27, 2022.Jio named Raminder Singh Gujrat, K V Chowdhary as Additional Directors of the Company, designated as Independent Directorsdirectors for a period of five years commencing from June 27, 2022. "In accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, we hereby confirm that Raminder Singh Gujral and KV Chowdary are not debarred from holding the office of Director by virtue of any Securities and Exchange Board of India order or any other such authority," the company said in a regulatory filing.

Closing Bell: Sensex ends flat up 16 points, Nifty at 15850.20

Closing Bell: Sensex ends flat up 16 points, Nifty at 15850.20
Tuesday, June 28, 2022
At close, the Sensex was up 16.17 points or 0.03% at 53,177.45, and the Nifty was up 18.20 points or 0.11% at 15,850.20. as the benchmark indices whipsawed wildly in the intra-day trade before ending flat with a positive bias. Mahindra & Mahindra was the top Sensex gainer, up 2.84% on the closing bell. Reliance Industries, Tata Steel, and Dr Reddy’s were other top gainers. Titan was the top laggard, down 3.39%, followed by Asian Paints, and Bajaj Finserv. About 1737 shares have advanced, 1460 shares declined, and 139 are unchanged. The Nifty MidCap added 0.3 percent, but the Nifty SmallCap fell by an equal percentage. Among major sectoral indices, the Nifty Metal index advanced around 2 percent, while the Nifty Private Bank index dropped 0.8 percent.

MARKET UPDATE: Indian equity markets are likely to open on a choppy ground

MARKET UPDATE: Indian equity markets are likely to open on a choppy ground
Tuesday, June 28, 2022
The Indian equity markets are likely to open on the choppy ground today(28 June 2022) as investors' moods turn cautious overseas. As of 7:58 AM, the SGX Nifty Futures quoted 15,736 levels, indicating a cut of 96-odd points on the Nifty50. Globally, the US equity markets turned muted as all major indexes on Wall Street dropped in trade on Monday, June 27. Dow Jones slipped 0.2 percent, the S&P 500 dropped 0.3 percent, and NASDAQ Composite fell 0.7 percent. Today morning, major markets in Asia-Pacific, too, traded mixed as covid-19 clampdown drowned hopes of a robust recovery. While Hong Kong's Hang Seng index was 0.7 percent, Japan's Nikkei 225 advanced 0.4 percent. Among individual stocks, Bajaj Auto will see some action as the board-approved buyback worth up to Rs 2,500 crore. Besides that, Moody's upgraded Tata Steel's outlook to 'positive' from 'stable' on strong operational performance backed by a healthy liquidity position.

M&M stock hits all time high on hopes of strong domestic demand

M&M stock hits all time high on hopes of strong domestic demand
Monday, June 27, 2022
Shares of Mahindra & Mahindra hit a new high of Rs 1,095, up 2.3 percent on the BSE in Monday’s trade, and outperformed the market on a strong business outlook. In the past week, the stock rallied 12 percent, With this, M&M has zoomed 63 percent over three and a half months. Earlier, the stock had hit a 52-week low of Rs 671 on March 8, 2022.M&M is a conglomerate with a presence in auto, IT, financial services, logistics, hospitality, and real estate among others. At a standalone level, it is India’s largest tractor manufacturer with around 40 percent market share in FY22 and the second-largest commercial vehicle (CV) maker. The management said the company is witnessing strong bookings and have a robust pipeline. We announced the launch of Scorpio-N, which is generating very high-interest levels and promises to be yet another blockbuster from Mahindra. The company’s commercial vehicles have also registered strong growth across segments. . Read more

Closing Bell: Sensex gains 433 points, Nifty at 15832.05

Closing Bell: Sensex gains 433 points, Nifty at 15832.05
Monday, June 27, 2022
At close, the Sensex was up 433.30 points or 0.82% at 53,161.28, and the Nifty was up 132.70 points or 0.85% at 15,832, rallied for a third straight day, as prospects of a slowing economic growth fanned hopes that global central banks may go slow on interest rate hikes. Larsen & Toubro was the top Sensex gainer, up 2.99%, followed by HCL Technologies, Infosys, Coal India, and Tech Mahindra. Kotak Mahindra bank dropped 0.45% as the worst Sensex stock, accompanied by Reliance Industries and Titan. About 2311 shares have advanced, 1030 shares declined, and 140 are unchanged. The Nifty MidCap and SmallCap indices gained 1 percent and 2 percent in the broader markets, respectively. Sectorally, the broad-based rally saw the Nifty Auto index ending with a 2-per cent gain and the Nifty Metal index with a 1.6-per cent rally. All the sectoral indices closed with green. India VIX regained 21 levels.

MARKET UPDATE: Sensex rose 700 points to 53,335, while Nifty gained 180 points to 15,880

MARKET UPDATE: Sensex rose 700 points to 53,335, while Nifty gained 180 points to 15,880
Monday, June 27, 2022
The Indian markets were firmly higher in early trades today(27 June 2022) tracking strength in the US and Asia. The BSE Sensex rose 700 points to 53,335, while the NSE Nifty gained 180 points to 15,880. In the broader markets, the BSE MidCap and SmallCap indices also sat in the positive territory, rising 1 percent and 1.6 percent, respectively. Sector-wise also all pockets moved higher. Nifty IT and metals led the gains, rising over 2 percent each. Banks, Auto, Financials, and Realty also gained over 1 percent each. Among stocks, Hindustan Copper gained over 2 percent. The state-owned company will meet on Thursday to consider a proposal to raise up to Rs 500 crore via debentures. SBI cards rose 3 percent after the company's May credit card spending rose by 8 percent from April.

Nazara Technologies surged 20 percent as stock trades ex-bonus

Nazara Technologies surged 20 percent as stock trades ex-bonus
Friday, June 24, 2022
Shares of leading online mobile gaming company Nazara Technologies surged almost 20% in Friday's intraday trade after the stock adjusted for the bonus issue on June 24, 2022. The surge in stock price comes after the gaming company announced a share split in 1: 1 ratio. The record date for the Nazara Technologies split has been fixed as June 27, 2022. The stock closed at Rs 623.3, up 20 percent against the previous close of Rs 520.90, "It is hereby informed that the Board of Directors of the Company has fixed Monday, June 27, 2022, as the Record Date, for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus Equity Shares of the Company which means a person having a share of Nazara Technologies by the closing of June 27 is eligible to get a bonus share in the proportion of one new fully paid-up equity shares of Rs 4/- each for every One fully paid up an existing equity share of Rs 4/- each held," Nazara Tech had said in an exchange filing. Read more

Closing Bell: Sensex jump 462 points, Nifty at 15699.25

Closing Bell: Sensex jump 462 points, Nifty at 15699.25
Friday, June 24, 2022
At close, the Sensex was up 462.26 points or 0.88% at 52,727.98, and the Nifty was up 142.60 points or 0.92% at 15,699.30. M&M, Hero MotoCorp, IndusInd Bank, Bajaj Finance, and HUL were among the top Nifty gainers. The losers were Tech Mahindra, Infosys, TCS, HCL Technologies, and Coal India. About 2332 shares have advanced, 899 shares declined, and 133 are unchanged. In the broader market, the Nifty MidCap and SmallCap indices advanced 1.4 percent and 1.76 percent, respectively. Among sectors, auto, oil & gas, power, bank, metal, and FMCG indices were up 1 percent each, while selling was seen in the IT names. Meanwhile, the Indian rupee ended marginally lower at 78.34 per dollar on Friday versus the previous closing of 78.31 against the greenback.

MARKET UPDATE: Sensex rose 500 points to 52,800, and Nifty advanced 150 points to 15,710

MARKET UPDATE: Sensex rose 500 points to 52,800, and Nifty advanced 150 points to 15,710
Friday, June 24, 2022
In tune with positive global cues across the US and Asian equities, the Indian markets opened firmly higher today(24 June 2022). The BSE Sensex rose 500 points to 52,800, and the NSE Nifty advanced 150 points to 15,710. IndusInd Bank, Axis Bank, SBI, ICICI, Bajaj Finance, Wipro, Tata Steel, Bharti Airtel, HUL, and Ultratech Cement led gains on the Sensex, gaining up to 2.7 percent. ONGC and Apollo Hospitals were the additional winners on the Nifty. Tech M and Asian Paints were the only losers on the two benchmarks. In the broader markets, the BSE MidCap and SmallCap indices were also in the positive territory, rising up to 1 percent. Read more

Maruki Suzuki shares gained 6.27 percent on hopes of improved outlook

Maruki Suzuki shares gained 6.27 percent on hopes of improved outlook
Thursday, June 23, 2022
Shares of Maruti Suzuki India (MSIL) hit an over three-month high of Rs 8,308, surging 6.27 percent on the BSE in Thursday's intra-day trade, on hopes of margin improvement due to stable commodities prices. The stock was trading at its highest level since 2 March 2022 and has surged 25 percent from its 52-week low of Rs 6,540 touched in March this year. In a separate development, the company on Monday, June 20, opened bookings for the country's new version of the compact SUV Brezza. On the fundamental side, Singh said that the company is looking at ramping up production in FY23, to surpass an output of 2 million, its highest ever in a year. “Sustaining above the 8200 mark is crucial, then the stock has a potential to rally towards 8500-8700 in the short-term,” he added. Read more

Closing Bell:Sensex gains 443 points, Nifty at 15556.65

Closing Bell:Sensex gains 443 points, Nifty at 15556.65
Thursday, June 23, 2022
At close, the Sensex was up 443.19 points or 0.86% at 52,265.72, and the Nifty was up 143.40 points or 0.93% at 15,556.70. Maruti Suzuki, Eicher Motors, Hero MotoCorp, Bajaj Auto, M&M, and Tata Motors were the top Nifty gainers, advancing between 3.5 percent and 6.7 percent. On the downside, Coal India, Reliance Industries, Power Grid, Grasim, and NTPC fell over 0.5 percent to 1.5 percent. About 2037 shares have advanced, 1188 shares declined, and 123 are unchanged. In the broader markets, the BSE MidCap and SmallCap indices outrun the frontline indices, rising up to 1.4%. The Nifty Auto index was the only notable gainer, closing nearly 4 percent higher. Other indices added up to 2 percent, except the Nifty PSB index which closed 0.25 percent down.

Sensex on flatline at 51,972 level, while Nifty held the 15,400-mark

Sensex on flatline at 51,972 level, while Nifty held the 15,400-mark
Thursday, June 23, 2022
The Indian markets opened flat today(23 June 2022) tracking mixed global cues. The BSE Sensex was around the flatline at the 51,972 level, while the NSE Nifty held the 15,400 mark. Among the Sensex-30 shares, Airtel, Wipro, TCS, Maruti, ICICI Bank, Ultratech Cement, Asian Paints, M&M, and Dr Reddy's were the top gainers, up to 2 percent higher. Hero Moto and Bajaj Auto rose 4 percent and 3 percent, respectively, on the Nifty. Titan, PowerGrid, Reliance, Apollo Hospitals, ONGC, and SBI Life, meanwhile, were the top laggards on the two benchmarks. In the broader markets, the BSE MidCap and SmallCap indices were in the positive territory, up to 0.4 percent higher. Read more

Closing Bell: Sensex down 709 points, Nifty at 15413.30

Closing Bell: Sensex down 709 points, Nifty at 15413.30
Wednesday, June 22, 2022
Stock markets were back