Sensex snaps 6-day losing run, ends 180 pts up; DMart rallies 10%, ACC 4%

CLOSING BELL

Stock market highlights: 

Equity markets ended a choppy day in the positive zone on Monday, rising for the first time in seven days, as global markets supported the trading sentiment. The benchmark S&P BSE Sensex gyrated in a range of 796 points before ending 180 points, or 0.34 per cent, higher at 52,974. The NSE Nifty, on the other hand, shut shop at 15,842, up 60 points or 0.38 per cent.  

   

NTPC, Bajaj Finance, Maruti Suzuki, SBI, HDFC, Kotak Bank, M&M, and IndusInd Bank were the top gainers on the Sensex index today, up between 1.6 per cent and 2.9 per cent. On the downside, Ultratech Cement, Asian Paints, ITC, TCS, HCL Tech, Nestle, and Dr Reddy's Labs were the top laggards, down in the range of 1-2.8 per cent.

In the broader market, the BSE MidCap and SmallCap indices outperformed the benchmarks as they added 1.5 per cent and 1.15 per cent, respectively. Sectorally, the Nifty PSU Bank index was the top gainer, up 3 per cent, while the Nifty IT index was the worst hit, down 0.75 per cent.   

4:15 PM

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

Nifty continues to consolidate in the narrow range as the benchmark index has failed to give any directional movement. Sideways pattern may continue as long as Nifty stays within a tight band of 15800 and 16000 on a closing basis. A decisive breakout on either side may induce a decent move in the direction of the breakout.

4:10 PM

Market view: S Ranganathan, Head of Research at LKP Securities

Autos & Banks helped Benchmark Indices stay in the green today as rising inflation and its impact on discretionary spending kept investors worried. The broader markets witnessed keen interest in companies likely to post good numbers during the first quarter of the current fiscal. Diagnostic & Pathology firms witnessed profit taking ahead of their Q4 earnings on the back of high competitive intensity.

4:03 PM

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

Continued selling by FIIs as they chase high yield US bonds restricts the Indian market to hold on to its pull-back rally, despite interest from the domestic investors. Weakness in global equities along with the unfavourable global cues led to heavy selling towards the closing hours, as the investors lacked confidence to take forward their positions. The investors are currently on a risk deleveraging phase, hunting for safe-haven investments.

3:58 PM

Closing bell: Over 2,200 stocks advanced whereas 1,165 stocks declined

3:53 PM

Closing bell: HDFC Bank, Hindustan Copper among stocks that hit 52-week low

3:49 PM

Closing bell: Ultratech Cement, Shree Cements, Asian Paints top Nifty 50 losers

3:47 PM

Closing bell: Eicher Motors, Apollo Hospitals, UPL top Nifty 50 gainers

3:46 PM

Closing bell: Midcaps outshine Smallcaps; India Vix rises above 4%

3:43 PM

Sector check :: PSBs lead the rally while IT stocks take a hit

3:41 PM

Sensex Heatmap :: Ultratech Cement ends as top Sensex laggard post Adani's takeover of Holcim India biz

>> Adani Groupwill buy Holcim's stake in Ambuja Cements and ACC, becoming the second biggest cement player in India

3:40 PM

CLOSING BELL :: Nifty holds 15,800

3:39 PM

CLOSING BELL :: Sensex snaps 6-day losing run

3:08 PM

Federal Bank ups MCLR rate by 20 bps across tenures; stock up 2%

source: ET Now

3:00 PM

Bharat Forge consolidated net profit surges 9.3% to Rs 232 crore in Q4FY22

The company had posted a consolidated net profit of Rs 212.12 crore in the same period of the preceding fiscal, Bharat Forge said. Read more

2:53 PM

Earnings Watch: Sun Pharma to announce Q4 results on May 30

source: BSE filing