Sensex ends volatile session 185 pts down; IT stocks decline, PSBs shine

CLOSING BELL: The Nifty50 index shut shop at 16,523, down 62 points or 0.37 per cent

4:05 PM

Technical View: Rupak De, Senior Technical Analyst at LKP Securities

Nifty remained choppy for the day as the benchmark index ended without a directional move. On the higher end, 50EMA has been acting as a crucial resistance. However, the Nifty slipped not very far from the previous close. The trend remains sideward for the near term. Support is visible at 16400, whereas on the higher end, resistance is likely to remain intact at 16700.

4:00 PM

CURRENCY CHECK: Rupee appreciates 18 paise against US dollar

3:58 PM

Market view: Vinod Nair, Head of Research at Geojit Financial Services

Continuous rise in crude oil prices due to EU’s decision to partially ban Russian oil hindered global market. Indian economy registered a growth of 8.7% in FY22 but is expected to slow down in FY23 to 7.2%, as per the latest RBI forecast. Auto sales data, posted by major manufacturers, witnessed growth in passenger and commercial vehicle segments due to pick up in the construction sector however two-wheeler and tractor segments continued to remain under pressure.

3:54 PM

Closing bell: Over 1,800 stocks advanced whereas 1,485 declined

3:49 PM

Closing bell: Blue Dart, HAL among stocks that hit fresh 52-week high

3:46 PM

Closing bell: Pain felt in IT and realty pockets

3:42 PM

Closing bell: Broader markets outperform benchmark; India Vix climbs 1%

3:38 PM

Closing bell: Bajaj Auto, Apollo Hospitals, Hindalco top Nifty 50 losers

3:36 PM

Closing bell: JSW Steel, Coal India, HDFC Life top Nifty 50 gainers

3:34 PM

Closing bell: 11 out of 30 Sensex stocks in positive zone

3:32 PM

Closing bell: Over 150 points downfall for Sensex

3:31 PM

Closing bell: Nifty 50 closes below 16,550 levels

3:26 PM

Bajaj Auto sells 275,868 units in May 2022; stock dips 4% on profit booking

With schools/colleges opening in June 2022, there will be improvements in the footfalls in dealerships, according to analysts. READ HERE

3:21 PM

TVS Motor May total sales at 302,982 units, domestic sales at 191,482 units

TVS Motor Company on Wednesday reported total sales of 3,02,982 units in May. READ HERE

3:12 PM

Jet fuel price cut by 1.3%, commercial LPG rate reduced by Rs 135

Jet fuel prices on Wednesday were cut by 1.3 per cent -- the first reduction after 10 rounds of price hikes -- on softening international crude oil rates. READ HERE

2:59 PM

MARKET CHECK: Sensex at day's low, slips over 400 pts

 

2:48 PM

GST collections slip below Rs 1.5-trn mark in May despite 44% YoY increase

In April, GST collections had touched a record high of Rs 1.68 trillion, surpassing the Rs 1.5-trillion mark for the first time. Read more

2:40 PM

SmallCaps firmly outperform benchmarks; up 0.3%

 

2:30 PM

Limited downside in markets provided inflation remains in check: Analysts

Peaking of inflation, analysts believe, could put a cap on bond yields and a floor on equity valuations. Read here

2:17 PM

Normal monsoon boost Indian economy; related stocks may gain: Analysts

Analysts consider the south-west monsoon to be the lifeline of India's agri-based economy, as it is likely to brighten outlook for bumper crop output amid inflationary times post covid-19 blowout. Read more

2:08 PM

European markets tread lower in early deals

source: finance.yahoo.com

2:00 PM

NEWS ALERT: Gross GST collections for May up 44% YoY at Rs 1,40,885 crore

1:53 PM

Dhanlaxmi Bank planning to raise Rs 127 crore via rights issue this month

The bank's capital adequacy ratio fell below 13% in the March quarter and capital raised via the rights issue is expected to boost it by 50 bps. READ MORE

1:46 PM

BSE 500:: Stocks recovering smartly from the lows of the day

Elgi Equipments has zoomed 10 per cent from the lows of the day so far. Similarly, Timken India, eClerx Services and Dilip Buildcon have logged smart gains from their respective lows of the day.

1:39 PM

Moody's upgrades BPCL outlook to 'stable' as govt calls off stake sale

The rating agency affirmed BPCL's Baa3 issuer rating reflecting its position as the second-largest state-owned refining and marketing company in India. READ MORE

1:31 PM

BSE 500:: Stocks falling significantly from the highs of the day

Indiabulls Realestate and Zomato have dropped over 7 per cent each from their respective highs of the day so far. Uflex, Hikal, Hitachi Energy and Delta Corp are some of the other stocks to have also lost significant ground from their respective highs' of the day.

1:25 PM

NEWS ALERT :: Tata Motors May EV sales at 3,454 units vs 476 units (YoY)

>> May EV sales of 3,454 units highest ever in a month

1:19 PM

Vedanta, ONGC, Oil India submit bids for discovered small field auctions

As many as 26 companies have submitted 106 bids in the third round of discovered small field (DSF) auctions for which the last date of submission of bids was May 31. The list of companies includes Oil and Natural Gas Corporation (ONGC), Oil India (OIL) and Anil Agarwal-led Vedanta Ltd, among others. READ MORE

1:13 PM

The stock of this merchant banker has zoomed 226% in five weeks

Galactico Corporate Services hit a new high of Rs 249.65 and was locked in upper circuit of 5 per cent for 14 straight trading days. READ MORE

1:04 PM

Titan, Lupin, Indian Hotels: How to trade Rakesh Jhunjhunwala-owned stocks

Titan and Lupin seem poised for solid gains among Rakesh Jhunjhunwala's portfolio, while shares of Lupin, Star Health and Jubilant Pharmova can be avoided for now. READ MORE