Sensex leaps 1,163 pts from the day's low, ends 581 pts up; Nifty tops 16K

CLOSING BELL: The winners included Indian Oil Corporation, Sun Pharma, Tata Consumer Products, TCS, Cipla, Shree Cement, NTPC, Tech M, Dr Reddy's Labs, Wipro, Ultratech Cement, and Infosys

12:18 PM

Most global indices are near bear territory. Will the Sensex, Nifty follow?

The faster-than-expected rise in interest rates by the US Federal Reserve (US Fed) shook the global financial markets in early 2022. The recent geopolitical conflict between Russia and Ukraine sent commodity prices soaring with Brent crude oil prices hitting a 14-year high of $140 a barrel. READ MORE

12:07 PM

IGL surges 10% on reports of CNG price hike; MGL rises 8% in choppy market

Shares of city gas distribution (CGD) companies, Indraprastha Gas (IGL) and Mahanagar Gas (MGL), rallied up to 10 per cent in the intra-day trade on Tuesday amid reports of IGL announcing a hike in prices of compressed natural gas (CNG) in the Delhi-NCR region. The prices have been hiked by 50 paise per kilo in Delhi while Re 1 per kilo in the NCR region, as per reports. Read more here

 

11:56 AM

Market check: Sensex seen extending losses, down over 400 points

 

11:54 AM

ALERT | Nickel surges to an unprecedented $100,000 a ton: Bloomberg

11:37 AM

Tracking historical trends: How crude oil prices, stock valuations seesaw

A sharp sell-off in the Indian equities markets after a spike in crude oil prices should not be surprising. Historically there is a negative correlation between stock valuations in India and the price of Brent crude oil, which is the benchmark for the Indian crude oil basket. READ MORE

11:21 AM

Sugar shares in demand; Dhampur, Dwarikesh hit all-time highs

Among the individual stocks, Mawana Sugars zoomed 18 per cent to hit a 52-week high of Rs 140.55, surpassed its previous high of Rs 128.90 touched on February 17, 2022. Dwarikesh Sugar Mills surged 11 per cent to Rs 106.80 and Dhampur Sugar Mills soared 6 per cent to Rs 434.35. In the process, these two stocks also hit their respective record highs in intra-day trade today. READ MORE

11:13 AM

Alembic Pharma gains on getting final FDA approval for ointment

Alembic Pharma’s JV, Aleor Derma gets final FDA approval for Nystatin & Triamcinolone Acetonide Ointment, indicated for the treatment of cutaneous candidiasis. 

 

11:11 AM

Russia-Ukraine crisis: Falling rupee unlikely to shore up India's exports

India’s exports are unlikely to get an immediate boost from a depreciating rupee, which touched an all-time low on Monday, driven by rising commodity prices. The rupee fell to 76.97 against the dollar earlier in the day, settling 1.05 per cent weaker than the previous close. READ MORE

11:00 AM

PowerGrid Corporation surges 5%, hits record high in a volatile market

At 10:16 am; the stock was up 1.3 per cent at Rs 215.90, as compared to 0.30 per cent gain on the S&P BSE Sensex. The trading volume at the counter jumped 1.3 times with a combined 9.3 million equity shares changing hands on the NSE and BSE. READ MORE

10:50 AM

Power stocks in high demand; Tata Power soars over 5%

10:37 AM

Natco Pharma gains 9% as firm launches generic version of Revlimid in US

Shares of Natco Pharma rallied 9 per cent to Rs 920 on the BSE in Tuesday’s intra-day trade after the company launched its first generic version of Revlimid (Lenalidomide capsules) in 5 mg, 10 mg, 15 mg, and 25 mg strengths in the US market. Natco, along with marketing partner Teva, has launching these strengths of lenalidomide. READ MORE HERE

10:28 AM

Market check: Sensex stages recovery, surges past 52,900 levels

10:26 AM

Market check: Nifty 50 makes a comeback, reclaims 15,800 levels

10:23 AM

Profit-booking seen in metal stocks; Nifty Metal down over 2%

10:14 AM

Natco Pharma launches first generic version of Revlimid in US, stock soars over 3%