RIL, HDFC Bk drag Sensex 115pts, Nifty holds 17,450; indices up 19% in FY22

CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla

9:39 AM

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

Hopes of de-escalation in the war have proved to be short-lived and the uncertainties associated with the war continues. From the market perspective, there are two positives which may support  the market. One, the sharp decline in dollar index from above 99 to 97.7 is positive for equity markets globally. Two, FPIs turning buyers with a good buy figure of Rs 1357 cr along with DII buying will impart resilience  to the market. Reports of large crude releases from US's strategic reserves may further soften crude prices. There is more room for financials to move up.

9:35 AM

Opening bell: Hindalco, Apollo Hospitals, Eicher Motors top Nifty 50 losers

9:33 AM

Opening bell: M&M, JSW Steel, ITC top Nifty 50 gainers

9:24 AM

Opening bell: Smallcaps outperforming Midcaps; India Vix slips in red

9:23 AM

Opening bell: Media, FMCG stocks gain steam

9:21 AM

Opening bell: 25 out of 30 Sensex stocks swim in green

9:20 AM

Opening bell: Sensex opens positive above 58,750 levels

9:18 AM

Opening bell: Nifty 50 opens above 17,500 levels

9:10 AM

Pre-open session: Only 6 Sensex stocks sulk in red

9:08 AM

Pre-open session: Sensex moves positive above 58,700 levels

9:07 AM

Pre-open session: Nifty 50 advances above 17,500 levels

9:03 AM

Top stocks on radar today: Axis Bank, Tata Steel, Bharti Airtel, Vodafone, Max Health

Axis Bank, the third-largest private sector lender in the country, will buy the retail business of Citibank India in an all-cash deal for Rs 12,325 crore. This is the biggest deal in the banking space since the acquisition of ING Vysya Bank by Kotak Mahindra Bank in 2014, which was valued at Rs 15,000 crore. Read here

9:00 AM

Oil prices tumble over $5 a barrel as Biden weighs massive reserves release

Oil futures dived more than $5 a barrel on Thursday morning on news that the Biden administration is weighing releasing some 1 million barrels of oil per day from strategic reserves for several months in a bid to calm soaring crude prices. Read more

8:56 AM

FII stock ownership plunges to 19.9%, value down to $582 bn YTD

After the record USD 23 billion of additional investments in the domestic equities in FY21, foreign funds have massively slashed their fresh exposure to the country to USD 3.7 billion in FY22, also pairing down their holdings in NSE500 to 19.9 per cent or worth USD 582 billion, down from their peak of 21.4 per cent, shows a brokerage report. Read more

8:52 AM

ALERT: Bain Capital said to acquire 25% stake in IIFL Wealth