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

9:20 AM

Opening bell: All sectors off to a positive start; IT, media stocks in demand

9:18 AM

Opening bell: Only 4 Sensex stocks open in negative zone

9:17 AM

Opening bell: Nifty 50 opens above 16,300 levels

9:16 AM

Opening bell: Sensex gains over 400 points

9:08 AM

Pre-open session: Only 3 Sensex stocks sulk in red

9:06 AM

Pre-open session: Over 250 points advance for Sensex

9:05 AM

Pre-open session: Nifty 50 swims in green, above 16,200 levels

9:02 AM

Currency at open: Rupee weakens by 4 paise, opens at 77.62$

8:58 AM

Buzzing Stock: Govt calls off BPCL privatisation process, will do 'comprehensive review'

The Centre has called off the privatisation process of Bharat Petroleum Corporation (BPCL) for now after two of the three companies that had shown interest in acquiring the public sector undertaking (PSU) withdrew their bids. Read here

8:55 AM

Here's why Mehul Kothari recommends buying Balkrishna Inds, HDFC Life

According to the technical analyst from Anand Rathi, Balkrishna Industries is showing immense strength on the 2-hour chart, while the weekly chart of HDFC Life indicates a sharp up move. Read more

8:51 AM

Expert View: Crypto market remains flat on Thursday despite strong equities

Over the past 24 hours, though the equities market was rising, the crypto market was flat. The S&P 500 surged by 2%, but the high correlation between BTC and S&P 500 did not translate to a price rise in the BTC market.

 

Instead, BTC was still trading below the $30,000 level, while altcoins continued to underperform.

Usually, in bearish markets, alts underperform compared to BTC as they have a higher risk profile.

Taking macroeconomic conditions into consideration, the risk-off approach means that investors will stay away from high-risk investments at the moment.

Views by Darshan Bathija, CEO and co-founder, Vauld. 

8:47 AM

F&O Strategy: Nandish Shah recommends a Bull spread on ICICI Bank

The technical analyst from HDFC Securities recommends buying ICICI Bank 740 Call and simultaneously selling 760 Call for the June expiry. Read here

8:46 AM

Top stocks on watch today: Hindalco, Muthoot Finance, Bharti Airtel, Sun Pharma, HDFC

 JSW Steel, FSN E-Commerce Ventures (Nykaa), Jubilant Pharma, GAIL, Glenmark Pharma, Godrej Industries, PB Fintech (Policy Bazaar) will be in focus ahead of their Q4 results. Read here

8:42 AM

SGX Nifty 100 points higher; Nifty may open around 16,250

 

8:39 AM

DIIs hold fort: Buy equities worth Rs 2906.5 crores Thursday