Sensex bounces 563 pts off lows, ends 87 pts down; Nifty holds 17,050

CLOSING BELL: IndusInd Bank, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the major gainers

11:03 AM

Wipro extends fall on disappointing Q4 results; stock nears 52-week low

Shares of Wipro declined 3 per cent to Rs 493.55, falling 5 per cent from its intra-day high of Rs 519 on the BSE, in Monday's intra-day trade after it reported a disappointing margin for March quarter (Q4FY22). Read here

10:51 AM

Awfis Space Solutions eyes IPO by next year; plans to raise Rs 500-600 cr

Co-working solutions provider Awfis Space Solutions, is eyeing to raise Rs 500-600 crore via IPO by next year and use proceeds for growth and expansion and for exit of shareholders, if they intended to do so, company executives said. Read here

10:50 AM

Biggest treasury buyer outside US quietly offloads nearly $60 bn

The latest data from BMO Capital Markets show the largest overseas holder of Treasuries has offloaded almost $60 billion over the past three months. While that may be small change relative to the Japan’s $1.3 trillion stockpile, the divestment threatens to grow. READ MORE

10:41 AM

L&T Infotech and Mindtree merger to start on strong foundation: Analysts

With the buzz on merger of L&T Infotech (LTI) and Mindtree getting stronger, analysts believe that the merged entity will start on a strong foundation of growth as the combined total contract value (TCV) of both the companies at the end of FY22 was over $3 billion, but they are still skeptical on the timing of the merger. Read here

10:27 AM

MARKET COMMENT :: 'Domestic cues are getting stronger'

>> The excessive volatility in the market is likely to continue for some time.

>> The sharp sell-off in US markets on Friday is an indication of the nervousness and fear in the market caused by an increasingly hawkish Fed, rising dollar index and the prolonging war in Ukraine.

 

>> The positive side is that domestic cues are getting stronger: GST collections in April at 1.68 lakh crores, rising auto sales, improving business sentiments and good corporate results reflect an economy bouncing back smartly. This indicates that the economy facing stocks will do well in FY 23.

Views by: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

10:20 AM

ALERT: Russia stays put on demand for gas payments in ruble

10:10 AM

Gokaldas Exports surges 18% in two days on robust Q4 performance

Shares of Gokdaldas Exports were up 4 per cent at Rs 416.50 on the BSE in Monday’s intra-day trade, surging 18 per cent in the past two trading days after the company reported a robust performance in the March quarter (Q4FY22). Read more

10:01 AM

Can MCX Gold futures drop below Rs 50,000 in May?

Gold Bias: Caution advised Last close: Rs 51,760 Resistance: Rs 52,250 Support: Rs 50,800 The MCX Gold futures were seen consolidating over the last few weeks in the broad range of Rs 50,500 to Rs 53,500-odd levels. As per the weekly charts, the bias is likely to remain positive as long as Gold prices sustain above Rs 50,100-odd level - which is the 20-WMA (Weekly Moving Average). READ MORE

9:49 AM

NEWS ALERT :: Man Industries receives new order worth Rs 807 crores

Check details here

9:47 AM

Tata Chemicals surges 7% in weak market on strong Q4 performance

The stock of Tata Group commodity chemicals company had hit a 52-week high of Rs 1,158 crore on October 18, 2021. At 09:16 AM, it traded 6 per cent higher as compared to 0.59 per cent fall in the S&P BSE Sensex. READ MORE

9:41 AM

Stocks with high turnover on the BSE

9:40 AM

Top BSE losers at this hour

9:39 AM

Top BSE gainers at this hour

9:38 AM

YES Bank back in the black in Q4; stock zooms 3%

>> The private lender posted a net profit of Rs 367.46 crore for the quarter ended March 2022 as against a net loss of Rs 3,787.75 crore in the quarter ended March 2021. Total income rose by 24.6 per cent YoY to Rs 5,829.22 crore from Rs 4,678.59 crore in the same period.

9:36 AM

ATF hikes by over 3%; airlines stocks decline

>> Stocks of the aviation related industry are likely to see some action, as jet fuel prices were hiked by 3.22 per cent -- the ninth straight increase this year -- to an all-time high of Rs 1,16,851.46 per kl (Rs 116.8 per litre) in the national capital, according to a price notification of state-owned fuel retailers.