Sensex gains 350 pts; Hero Moto cracks 7%, Ruchi Soya zooms 16%

CLOSING BELL: Shares of Hero MotoCorp cracked over 6 per cent after reports suggested that the Income Tax Department has found that Hero MotoCorp made more than Rs 1,000 crore bogus expenses

10:46 AM

Rising raw material costs make analysts cautious on realty stocks

Analysts are turning cautious on stocks of real estate companies, which have been hit by a double whammy of rising input costs that may push them to pass on this surge to the consumers and a possible rise in interest / home loan rates over the next few months that can slow their sales. READ MORE HERE

10:34 AM

Cool consumer durables stocks to buy to beat the summer heat this season

After a sluggish demand due to Covid-19 induced lockdown, commodity inflation stares before consumer durables sector. However, analysts see a new ray of hope with expectation of a blockbuster summer. READ MORE HERE

10:25 AM

Coal India declines nearly 2% despite allaying supply fears

10:14 AM

Ruchi Soya zooms 20% as co says SMSes pertaining to FPO not issued by it

Shares of Ruchi Soya spurted 20 per cent to Rs 978 apiece in Tuesday's intra-day trade on the BSE, but pared gains later, after the company clarified that the SMSes pertaining to investments in its follow-on public offering (FPO) have not been issued by the company or its promoters READ MORE HERE

10:03 AM

Bharti Airtel spurts 2%, extends rally on positive news flow

Bharti Airtel spurted 2 per cent in intra-day trades on Tuesday on the back of positive news flow at the counter. As of 09:45 AM, the stock traded near the high's of the day at Rs 747, with a volume of around 84,000 shares on the BSE as against the two-week daily average volume of around 2.14 lakh shares on the BSE. READ MORE HERE

 

10:02 AM

Currency at open: Rupee opens 18 paise stronger vs US dollar at 75.98/$

9:56 AM

Ruchi Soya soars over 12% despite FPO investors get exit option

9:49 AM

Power Grid abuzz after approving investment worth Rs 821.3 cr in 5 projects

9:43 AM

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

This has been a 'buy on dips' market in the short-term with buying emerging at 17000 Nifty levels and selling pressure emerging around 17400 levels. There is a good possibility of the 17000-17500 Nifty range getting broken on the upside with a surge in Bank Nifty. Q4 financials results can provide the ammunition for this breakout. Stability in global markets, softening crude and chances of a ceasefire in Ukraine can provide the positive backdrop for this breakout. However, high US inflation and an increasingly hawkish Fed are major headwinds for equity markets globally. Expect high volatility.

9:35 AM

Opening bell: Coal India, ONGC, ITC top Nifty 50 laggards

9:34 AM

Opening bell: SBI Life, Ultratech Cement, Maruti top Nifty 50 gainers

9:30 AM

Opening bell: Realty stocks gather steam; Brigade Enterprises gains over 4%

9:29 AM

Opening bell: Broader markets shine; India Vix cools off below 1%

9:22 AM

Opening bell: Profit-booking seen in Media and Metal stocks

9:20 AM

Opening bell: 27 out of 30 Sensex stocks swim in green