Sensex adds 462 pts; Nifty tad below 15,700; auto, banks gain; IT slips

CLOSING BELL: Auto, banking, and FMCG stocks took the centre stage today as easing commodity prices eased input cost and credit off-take pressures

3:44 PM

Sectoral trends :: All indices except IT rally in a firm market

3:40 PM

Sensex Heatmap :: 6 of 30 index constituents close in the red

3:35 PM

CLOSING BELL

>> The S&P BSE Sensex closed 462 points, or 0.88 per cent, higher at 52,728.

>> The Nifty50, meanwhile, ended at 15,699, up 143 points or 0.92 per cent. 

3:25 PM

Dollar stumbles to 104.2 as markets rethink Fed interest rate path

A significant shift this week has been the fall in oil and commodity prices, which has eased inflation fears and allowed equity markets to rebound. This has eroded the safe-haven bid that's been boosting the greenback against major currencies. READ MORE

3:17 PM

Raymond aims to be net debt-free company in next 3 years: Annual Report

For the financial year ended March 31, 2022 Raymond's net debt has been reduced to Rs 1,088 crore. It was Rs 1,416 crore in FY21 and Rs 1,859 crore in FY20. The net debt-to-equity ratio of the leading Indian branded fabric and fashion retailer has also come down to 0.4 in FY22 from 0.8 of FY20, the report said. READ MORE

3:06 PM

Canara Bank board approves fund raise of Rs 9,000 crores via debt in FY23

2:58 PM

Three charts show trouble for Indian stocks nearing a bear market

The Indian stock market's value is already down nearly 20% from its January peak of about $3.7 trillion dollars. Read more

2:51 PM

Info Edge, Crompton Greaves, Ruchi Soya top MidCap gainers

2:42 PM

Thomas Cook soars 8% on buzz of promoter rising stake

Promoter group has reportedly bought 2.81 crore shares of the company via open market.

2:31 PM

War in Europe may snuff out global recovery: RBI Dy Governor Michael Patra

Says monetary policy decisions by central banks around the world aimed at their own constituencies. But since inflation is the biggest policy issue right now, it seemed coordinated. Read here

2:21 PM

This Rakesh Jhunjhunwala stock turns ex-date for 1:1 bonus issue; soars 19%

However, in the past six months, the stock has tanked 46 per cent as against an 8 per cent fall in the S&P BSE Sensex. Read more

2:11 PM

European markets move higher in early trade

source: finance.yahoo.com

2:01 PM

Planning to reshuffle your portfolio? These 5 stocks may pump up gains

ITC, Varun Beverages, TVS Motor Company, Coromandel International and Hindustan Aeronautics can rally up to 25 per cent, technical charts suggest. Read more

1:46 PM

Stock of this automotive fastener company has zoomed over 110% in 6 weeks

As on May 31, 2022, Sterling Gtake E-mobility's order book stood at Rs 175 crore, all of which will be executed in FY23. READ MORE

1:37 PM

Sectoral Indices:: Telecom, Private Banks top performers

The BSE Telecom index has surged nearly 2 per cent. The Private Banks, Diversified Financials and Finance indices were the other lead gainers so far on Friday.