Sensex leaps 1,181 pts, Nifty holds 18350 amid global rally; HDFC duo up 6%

CLOSING BELL: Barring 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 4% surge

12:46 PM

After strong Q2, uptick ahead for agrochemical major PI Industries stock

 While the stock has given up some gains in trade on Thursday on valuations concerns, prospects remain strong on the back of a robust order book in the custom synthesis and manufacturing (CSM) business. READ MORE

12:33 PM

Sept Quarter Result :: M&M's profit comes in at Rs 2,338 crore, beats estimates

>> Revenue at Rs 20,839 crore

>> Ebitda at Rs 2,496 crore

>> Ebitda margin at 12%

12:21 PM

ALERT :: Moody's slashes India's GDP growth forecast

12:12 PM

HDFC Bank, HDFC hit over 7-month highs; stocks rally up to 15% in one month

Over the past one month, HDFC and HDFC Bank have rallied up to 15 per cent, as against 7.8 per cent rise in the benchmark index. These stocks have recovered 29 per cent, and 25 per cent, respectively, from their 52-week lows, touched on June 17, 2022. READ MORE

12:01 PM

Amid Binance-FTX deal fallout, calls for 'proof of reserve' grow louder

"Exchanges should follow a 'proof of reserve' approach. After the recent debacle of FTX, the whole world of Crypto Exchanges (CEXs) will be implementing the proof of reserves," Punit Agarwal, founder and CEO of crypto tax platform KoinX, said. READ MORE

11:50 AM

Nifty Outlook :: Key levels to watch out

If Nifty manages to sustain above the 18,350-level, then we can expect a move towards 18,500/18,600 levels. On the downside, 18,200-18,150 will be an immediate demand zone after a gap-up opening.
 

Bank Nifty is outperforming and respecting its 9-DEMA beautifully. Sustainence above the psychological hurdle of 42,000 may lead to a move towards 42,500/43,000 levels. On the downside, 41,800-41,700 will be the immediate support zone.
 

The overall structure of both Nifty & Sensex is bullish. So Investors can invest in the market to ride the 19,000+ levels in the near term.

Views by: Pravesh Gour, Senior Technical Analyst, Swastika Investmart 

11:39 AM

Analysts see more legs to the market rally amid intermittent corrections

Analysts think it will not be a runaway rally from here on as the market valuations seem expensive. Read more

11:29 AM

HDFC twins in focus :: Merged entity's weight may rise to 13% from 5.78% in MSCI index, says Macquarie

11:19 AM

Ashok Leyland Q2 net profit increases to Rs 199 cr as sales improve

Revenues in the period under review stood at Rs 8,266 crore compared to Rs 4,458 crore a year ago, it added. Read more

11:09 AM

Road ahead for Tata Motors depends on the pace of volume recovery

Tata Motors reported a 30 per cent year-on-year (YoY) growth in revenues while operating profit saw a 35 per cent jump. Read here

10:59 AM

FPI buying gives wings to Nykaa shares; surge 20% post persistent sell-off

Aberdeen Standard Asia Focus Plc (4.27 million), and Norges Bank on account of Government T Petroleum Fund (3.98 million) bought a combined 8.25 million shares via block deals on Thursday. Read more

10:44 AM

Gold trading at Rs 51,670 per 10 grams, silver selling at Rs 61,400 per kg

Silver prices fell by Rs 300 in Thursday's early trade, with 1 kg of silver trading at Rs 61,400. Read more

10:35 AM

SC issues notice to SEBI on RIL plea on non-compliance of court order

The company had sought three documents from SEBI that it had claimed would exonerate it and its promoters from criminal prosecution initiated in a case. Read here

10:26 AM

DCX Systems makes strong debut, stock lists at 39% premium over issue price

DCX listed at Rs 287, a 39 per cent premium over its issue price of Rs 207 per share on the National Stock Exchange (NSE) on Friday. Read here

10:17 AM

Three reasons why Sensex rallied 1,000 pts Friday to scale new 1-year high

The Sensex, Nifty indices are now only around 1 per cent away from reclaiming their all-time highs of 62245.43 and 18,604.45, respectively READ MORE