Sensex rises for 2nd day, surges 1,223 pts; Nifty tops 16,300; RIL zooms 5%

CLOSING BELL: Ukrainian President Volodymyr Zelenskyy's reported statement that his country has cooled down on the question of a NATO membership calmed investor nerves

10:30 AM

Sugar stocks sweeten market mood

10:27 AM

This UP-based sugar stock has zoomed 41% in 8 days; trades at record high

In October-December quarter (Q3FY22), the company reported a near four-fold jump in profit after tax (PAT) at Rs 28.88 crore, as against Rs 7.47 crore in Q3FY21. Total income grew 56 per cent year-on-year to Rs 602 crore from Rs 385 crore in a year ago quarter. Sugar segment sales growth was led by higher domestic sales quota and increase in sugar realisation. READ MORE

10:23 AM

TVS Motor to mull interim dividend on March 18; stock gains over 1%

10:21 AM

IndiGo, SpiceJet fly high up to 8% as govt lifts ban on overseas flights

Shares of airline companies InterGlobe Aviation – parent company of the low-cost airline IndiGo, and SpiceJet gained up to 8 per cent on the BSE in Wednesday’s intra-day trade after the government announced resumption of international flights from March 27, 2022. The move is expected to boost international capacity and will help soften airfares, which have been soaring due to increased demand and rise in crude oil prices. READ MORE HERE

10:15 AM

Sun Pharma subsidiary acquires Galderma; stock gains over 3%

10:11 AM

Currency at open: Rupee gains against USD, opens higher

Source: bloomberg

9:58 AM

Zydus Lifesciences to acquire brand from US-based Bridgebio Pharma; stock gains over 3%

9:47 AM

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

Negative sentiments in global stock markets persist. As long as the war lingers and crude remains at high levels a sustained rally is unlikely. High crude oil will impact India's GDP growth and corporate earnings growth for FY23. FY23 Nifty EPS estimate of 870 at the beginning of this year will be missed. Higher inflation will be another negative. Market has responded to the  emerging scenario with a Nifty correction of above 14%. But IT, metals, energy and pharma stocks have done well since they stand to benefit from the price and demand trends. For investors who are prepared to take another 5% hit in prices in the short run, quality financials present a buying opportunity. 

9:36 AM

Shareholders reject all resolutions at Dish TV AGM; stocks extends run by 4%

9:32 AM

MTNL gains as Centre mulls to relax norms of asset sale

9:29 AM

Resumption of international flights fuels SpiceJet, Indigo above 5%

9:25 AM

Opening Bell: Broad based gains seen across markets; India Vix slips in red

9:22 AM

Opening Bell: 22 out of 30 Sensex stocks sizzle in green

9:21 AM

Opening Bell: Media, IT, Pharma stocks hold fort while banks and metals bleed

9:19 AM

Opening Bell: Positive start to trade; Nifty 50 opens above 16,000 levels