Sensex soars 740 pts; Nifty nears 17,500; banks, auto shine, metals sink

CLOSING BELL: Reliance Industries, HDFC twins, ICICI Bank, and Bajaj Finance lifted the benchmark S&P BSE Sensex 740 points higher to end at 58,684

9:45 AM

Hotel stocks buzzing in trade; Taj GVK Hotels surges over 4%

9:40 AM

Tata Consumer top Nifty 50 gainer on rejig of domestic and overseas business

9:37 AM

PNB gains over 1% after board approves to raise Rs 12,000 cr via bond issue

9:33 AM

Market view: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Nifty is all set for a breakout above 17500. There is hope that the ongoing peace talks brokered by Turkey may lead to the end of the war. But these are early days. The breakout above 17500 Nifty is likely to be led by the financials. The prospects for financials - leading banks, leading housing finance companies, the Fintech leader and select NBFCs - appear bright for FY23 and their valuations are fair. Pharma, housing related segments and telecom majors can lend support to the rally. But the upside to the rally is likely to be capped by profit taking and concerns arising from the hawkish Fed. 

9:30 AM

Opening bell: ONGC, Hindalco, JSW Steel top Nifty 50 losers

9:29 AM

Opening bell: Tata Consumer, Cipla, Hero Moto top Nifty 50 gainers

9:26 AM

Opening bell: Broader markets trade firm; India Vix slips below 2%

9:24 AM

Opening bell: Metal stocks lose sheen; Hindalco, NALCO decline over 3%

9:22 AM

Opening bell: Media, realty stocks in high demand

9:20 AM

Opening bell: 26 out of 30 Sensex constituents open in green

9:19 AM

Opening bell: Sensex opens higher by over 300 points

9:18 AM

Opening bell: Nifty 50 opens above 17,400 levels

9:08 AM

Pre-open session: All Sensex stocks except Bajaj Finserv in green

9:07 AM

Pre-open session: Sensex marches ahead by over 400 points

9:05 AM

Pre-open session: Nifty 50 advances above 17,400 levels