Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%

CLOSING BELL: RIL, ICICI Bank, M&M, SBI, Bajaj twins, and Titan were the stocks that supported the indices

1:11 PM

Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?

MPC projected the inflation rate to average at 7.1 per cent in Q2. The first month of that quarter — July — saw the inflation rate coming down to a five-month low of 6.7 per cent from 7 per cent in June. MPC's projection for Q2 means that the average inflation rate would be 7.3 per cent in August and September, which does not seem the case at present. READ MORE

12:58 PM

GLOBAL MARKETS

12:54 PM

NEWS ALERT :: The debate whether RBI is behind the curve is over, says Guv Das

>> Our assessment is that CAD will be manageable

>> Many experts believe Brent crude will remain beloe $100/bbl

>> We would like to bring down inflation over a 2-year cycle

>> Bond market currently functioning in an orderly manner

Source: CNBC TV18

12:51 PM

NEWS ALERT :: Overarching focus of RBI has always been on financial stability, says Shaktikanta Das

>> Rate action approach has been steady

>> Fighting inflation on front foot

>> We are primarily influenced by domestic decisions

>> No one had expected a war of this magnitude in Ukraine

Source: CNBC TV18

12:48 PM

NEWS ALERT :: See inflation moderating going forward, but several uncertainties remain, says RBI Guv

>> Inflation getting increasingly anchored

>> Macroeconomic factores resilient

>> Can't give guidance on rate hikes

Source: CNBC TV18

12:38 PM

Ceat, Ambuja, IRCTC among 30 stocks that can defy current market volatility

Aggressive traders always look for opportunities where large gains can be made by playing relatively safer bets. Even while taking contra calls, stocks with underlying robust strength are preferred, as the possibility of going wrong becomes lesser. READ MORE

12:24 PM

The sleuths who protect cryptocurrencies from hackers are raking in money

Their rising fortunes underscore how the industry is waking up to the threat of sophisticated hackers who have stolen roughly $2 billion from digital-asset protocols this year, according to researcher Chainalysis, which says such attacks show few signs of slowing. READ MORE

12:12 PM

Rs 562 crore Dreamfolks Services IPO opens on Aug 24: All you need to know

Touted as India’s largest airport service aggregator platform, Dreamfolks Services has no listed peers at the bourses. The company facilitates customers’ access to airport related services like lounges, food and beverages, spa, meet and assist, airport transfer, transit hotels or nap room access, and baggage transfer. READ MORE

12:02 PM

BS Opinion :: It is still a see-saw stock market

Foreign portfolio investors (FPIs) sold heavily between January and June. That was when it became apparent that the Fed and the European Central Bank would be tightening monetary policy, and the Ukraine war and China’s repeated lockdowns caused a slowdown and huge supply chain disruption. READ MORE

11:43 AM

Tech Mahindra, Infosys top Nifty50 losers at this hour

11:37 AM

Consumer momentum unlikely to derail as IT firms rationalise salary payouts

In the last six months, the Nifty Consumption index has rallied 12 per cent as compared to the 3 per cent surge in the Nifty50 index, data showed. READ MORE

11:25 AM

GE Shipping hits over 14-year high, stock zooms 83% thus far in 2022

For the April-June quarter (Q1FY23), GE Shipping reported a jump of 142 per cent in consolidated net profit at Rs 457 crore as against Rs 189 crore in Q4FY22. READ MORE

11:13 AM

BROADER MARKETS | Volatile market prompts tepid moves in small/mid-caps

 

11:00 AM

Unichem Labs gets US FDA nod for Carbamazepine tablets

 

10:49 AM

Q1 may be a blip for Apollo Hospitals; analysts see 25% upside

Analysts positive on the healthcare major with target prices ranging between Rs 5,000 - Rs 5,250. Read more