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

1:26 PM

IMF warns of risks from China's slowing Covid-19 vaccination rates

About 375 million people over the age of 15 in China have yet to receive three doses of a vaccine, while the daily vaccination rate has fallen below 800,000 per day. READ MORE

1:22 PM

Podcast :: After govt clarity on TDS, will it be smooth sailing for crypto in India?

The move in a way quelled the uncertainty surrounding the fate of cryptocurrencies in India, and suggested that it may not be banned as feared earlier. But, by then, cryptocurrencies had already entered the bear market territory. The crash was worsened by the recent collapse of algorithmic stablecoin TerraUSD. LISTEN TO THE PODCAST HERE

1:15 PM

Auto stocks in limelight:: M&M, Hero MotoCorp, TVS Motor rally

Mahindra & Mahindra (M&M) surged to a new record high on hopes of strong demand. Hero MotoCorp, TVS Motor, Ashok Leyland also logged smart gains.

1:04 PM

Global Check:: US stock futures trade with a positive bias

Source: Investing.com

12:58 PM

NEWS ALERT

12:54 PM

NEWS ALERT :: V2 Retail opens 1 new retail store at Shillong, Meghalaya

12:50 PM

MSCI maintains status quo on Asia during annual mkt classification review

India - the sixth biggest stock market globally in terms of market capitalisation - is also classified as emerging market by the MSCI. READ MORE

12:48 PM

Mid-Market check :: Key support and resistance levels for Nifty, Bank Nifty

>> As long as Nifty is below 15,500 zone, we can expect lower levels of 15,250 and 15,000; whereas resistance is faced near to 15,500 and 15,735 zones. 

>> Bank Nifty is seen trading in a rage of 400 points and trading in a range. Now as long as it stays below 33,000 zones, we can expect a move towards 32,500 and 322,50 zones; whereas resistance are placed at 33,250 and 33,500 zones.

Views by: Chandan Taparia, Vice President, Equity Derivatives and Technical, Broking & Distribution, Motilal Oswal Financial Services

 

12:42 PM

Market Check:: S&P BSE Sensex is seen consolidating after a strong start, up 250 points

12:34 PM

Asian Markets Update:: Hang Seng surges 2%; a positive day for all

12:27 PM

Indian Oil expects prices to stay over $100/bbl in 2022 amid Ukraine crisis

An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis. READ MORE

12:18 PM

Sensex 30 Heatmap:: M&M, HUL, Airtel shine; Infosys whines

12:11 PM

BSE 500:: Top losers so far

Brightcom Group has shed 5 per cent and was the top loser among the BSE 500 stocks. Star Health Insurance, Mindtree, Allcargo Logistics and JK Lakshmi Cement were few of the other notable losers so far.

12:03 PM

M&M hits new high, stock up 3% on hopes of strong order book

Company says is seeing high interest for new launched Scorpio-N; In the last three months, the stock has outperformed the market, by gaining 38 per cent as against a 9 per cent decline on the Sensex. READ MORE

11:53 AM

BSE 500:: Top gainers so far

Route Mobile has soared nearly 11 per cent so far and was the top gainer among the BSE 500 stocks. KIOCL, Vakrangee, Varroc Engineer and Mahindra Lifespace were some of the other major gainers on Friday.