Sensex gains for 2nd day, rises 632 pts; Nifty holds 16,350; IT stocks lead

CLOSING BELL: Apollo Hospitals, Tech M, HDFC Life, Hero MotoCorp, IndusInd Bank, Bajaj Finance, Wipro, Infosys, L&T, HUL, and Bajaj Finserv zoomed over 2.5 per cent on the Nifty

10:38 AM

UK announces 25% levy on energy firms to ease cost-of-living crisis

The UK announced that it will impose a 25 per cent levy on the profits of oil and gas companies, to ease the financial burden on millions of households amid raging inflation. READ HERE

10:25 AM

Investors should sell the rallies; S&P 500 can fall another 10%: Chris Wood

Christopher Wood, global head of equity strategy at Jefferies believes that S&P 500 has more room for downside. Investors, he suggests, should look to exit stocks on any intermittent bounce-back. Read more

10:19 AM

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

>> Market data indicate that the  weakness in the US market is coming to an end.

>> The Fed minutes suggest pausing by year end after front- loading rate hikes.

>> Also, there are indications of the US economy slowing  down which will enable the Fed to be less hawkish than the market discounted.

 

>> FPI selling, the main trigger for the market weakness in India, is showing signs of exhaustion.

>> DII and retail buying and overwhelming FPI selling along with short covering can trigger a near-term rally.

>> High quality large-caps can stage a rally. Leading banks are safe bets.

10:11 AM

Piramal Enterprises dips 10%, hits 52-week low post March quarter results

The stock has fallen below its previous low of Rs 1,688, touched on May 27, 2021. READ HERE

 

10:03 AM

New Listing: Paradeep Phosphates lists at 3.7 % premium on BSE

 

9:56 AM

Asia shares join global rebound as Fed hike fears ease, China tech boost

The swing in sentiment left the dollar wallowing at one-month lows, with the euro rising to its highest since April 25. Read more

9:49 AM

Tata Power gains on commissioning of 100 MW project in Maharashtra

9:44 AM

Cryptocurrency Alert :: Ethereum hits over 1-year low

9:38 AM

AstraZeneca Pharma surges over 8% after healthy Q4 results

9:35 AM

Page Industries zooms over 5% after PAT jumps 65% in Q4

9:31 AM

Piramal Enterprises hits 52-week low despite resilient Q4 results

9:27 AM

Opening bell: Nifty IT gains over 2% led by Coforge, Mindtree

9:25 AM

Opening bell: ONGC, NTPC, Asian Paints top Nifty 50 laggards

9:24 AM

Opening bell: Tech Mahindra, HCL Tech, Infosys top Nifty 50 leaders

9:21 AM

Opening bell: Broader markets upbeat; India Vix slips 1%