Sensex rallies 443 pts; Nifty holds 15,550; Maruti rises 7%, Hero Moto 6%

CLOSING BELL: Maruti Suzuki, Eicher Motors, Hero MotoCorp, Bajaj Auto, M&M, and Tata Motors were the top Nifty gainers, advancing between 3.5 per cent and 6.7 per cent

3:44 PM

Broader market check :: BSE SmallCap index ends 1% higher

3:44 PM

Sector check :: Near broad-based rally in the markets; Auto index soars over 4%

3:43 PM

Broader market check :: BSE MidCap index rises 1.4%

3:42 PM

Energy stocks continue to fizzle on the Nifty

3:40 PM

Auto stocks dominate gainers' spot on Nifty

3:37 PM

Sensex Heatmap :: Only 4 stocks settle in the red as Sensex rises 443 pts

3:34 PM

CLOSING BELL

The Nifty50 gyrated between 15,368 and 15,628. It, eventually, closed at 15,557, up 143 points or 0.93 per cent.

 

On the BSE, the 30-pack Sensex index hit a high of 52,517 and a low of 51,633 during the day. The index closed 443 points, or 0.86 per cent, higher at 52,266.

3:26 PM

European gas futures gain as Germany sounds alarm over Russia disruption

Front-month benchmark futures rose as much as 5.8% after German Economy Minister Robert Habeck enacted the “alarm” phase of the emergency plan, saying that Europe’s biggest economy is in a gas crisis. His comments follow a warning Wednesday that Germany should brace for further cuts in Russian flows after Moscow slashed deliveries on the key Nord Stream pipeline to Europe. READ MORE

3:21 PM

Commodity Heatmap :: Cotton futures slide 3%, Crude 2% on MCX

3:12 PM

Currency check :: Rupee stays above 78/$-mark

3:05 PM

Route Mobile hits 18-month low; stock sheds 25% in the two weeks

In the past two weeks, the stock of other telecom services provider has dipped 25 per cent. Since, May 17, the stock has slipped 30 per cent after the company reported a weak operational performance for the quarter ended March 2022 (Q4FY22). READ MORE

2:51 PM

India VIX cools off over 2%

2:43 PM

Reserve Bank likely to raise interest rates twice before weighing a pause

June’s jumbo hike, which followed a 40 basis points increase in May, is prompting analysts from Nomura Holdings Inc. and Barclays Plc to pencil in a 35 basis-point move in August, while Emkay Global Financial Services Ltd. expects a quarter-point hike or more and Citigroup Inc. sees less than 40 basis points as a possibility READ MORE

2:34 PM

NEWS ALERT :: Vinati Organics plans capex expansion of Rs 300 crore

>> Given the strong demand outlook of ATBS, the Company will be expanding ATBS capacity from 40000 MT to 60000 MT. This would entail a capex of Rs. 300 crs which will be funded by internal accruals and is expected to get commissioned by December 2023.

>> The capital expenditure in Veeral Organics Private Limited (fully owned subsidiary of Vinati Organics Limited) is under progress. The total capex is approximately Rs. 280 crs and the products include 2000 MT of MEHQ & Guaiacol and 30000 MT of Iso Amylene. 

2:23 PM

Auto stocks ride on commodity prices' slump; Maruti, Eicher Motors charge ahead