RIL, Bajaj Finance power 777-pt rally in Sensex; Nifty holds 17,200

CLOSING BELL: Sectorally, all the indices ended in the green zone, led by the Nifty Realty and Auto indices, up 3.5 per cent and 3 per cent, respectively

12:57 PM

Market Check: Sensex off day's high, still up 500 points

12:48 PM

BSE 500:: Volume Shockers

PVR, Mahindra CIE, JSW Energy, Saregama India and Bombay Burmah were among the prominent stocks to witness unusually high volume in trades so far on the BSE.

12:32 PM

Auto stocks rally; Hero MotoCorp, M&M, TV Motor soar 4% each

Mahindra & Mahindra (M&M), TVS Motor, Ashok Leyland and Hero MotoCorp had rallied around 4 per cent each. Bajaj Auto and Auto Auto were also up over 3 per cent each.

12:20 PM

Banking shares trade firm, led by Bandhan, IndusInd, Canara Bank

Bandhan Bank surged over 5.5 per cent. IndusInd Bank, AU Small Finance Bank and Canara Bank were up around 3.5 per cent each. SBI, Bank of Baroda, IDBI Bank, Federal Bank and Indian Bank were the other major gainers.

12:09 PM

Global Markets Update:: European futures up over a per cent each

Source: Investing.com

12:02 PM

ED searches 26 locations in ABG Shipyard money laundering case

Surat-based ABG Shipyard and its former promoters are accused of duping a consortium of 28 banks to the tune of Rs 22,842 crore. READ MORE

11:50 AM

Footwear shares rally upto 18% after Campus IPO opens for subscription

Khadim India surged 18% to Rs 274, while Liberty Shoes surged 13% to Rs 177.95, followed by Superhouse (11% to Rs 209) and Mirza International (6% to Rs 230). READ MORE

11:39 AM

BSE 500:: Top losers so far

GE Shipping and TTML were down around 3.5 per cent each. Gland Pharma, Elgi Equipments, Hindustan Zinc and Cera Sanitary were the other notable losers.

11:28 AM

BSE 500:: To gainers so far

Mahindra CIE has zoomed nearly 17 per cent. Bombay Burmah, Ruchi Soya, NLC India and Cholamandalam Investment & Finance were the other major gainers.

11:21 AM

Market Check: Sensex off day's highs, still up 1%

 

11:13 AM

RBI to hike repo rate in June, earlier than previously thought: Poll

The Reserve Bank of India will raise its repo rate in June and hike at a faster pace than predicted just a few weeks ago as a surge in inflation puts pressure on the central bank to act quicker, as per a Reuters poll. Read about it here

11:05 AM

Adani Wilmar crosses Rs 1-trn market cap; stock up 249% since debut in Feb

Adani Wilmar (AWL) joined the elite group of companies with market capitalisation (m-cap) of Rs 1 trillion after the stock of Gautam Adani-led edible oil company hit a new high of Rs 802.80, up 5 per cent on the BSE in Tuesday’s trade. Read more

10:55 AM

MSCI rebalancing could see addition of three Indian stocks, two deletions

Three domestic stocks could get added, while two could get removed during global index provider MSCI’s semi-annual index review (SAIR) next month. The move could see a churn worth $900 million (Rs 6,900 crore) by funds tracking the MSCI index. Read more

Between December 2020 and February 2021, traders were supposed to maintain at least 25 per cent of the peak margin

10:44 AM

Auto stocks in fast lane; 3 of 5 top Nifty gainers

 

10:34 AM

Meghmani Finechem zooms 28% in two trading sessions post robust Q4 results

In Q4, the company’s profit after tax (PAT) tripled to Rs 99 crore from Rs 33 crore in previous year quarter, on the back of strong sales. Revenue from operations grew 93 per cent to Rs 499 crore from Rs 259 crore in Q4FY21. READ MORE