RIL, banks lift Sensex 246 pts, Nifty tops 16,300; Rupee ends at 79.95/$

CLOSING BELL: The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India

3:24 PM

Reliance Jio adds over 3.1 mn mobile subscribers in May: TRAI data

Reliance Jio cemented its lead in the Indian telecom market as it gained over 31 lakh mobile subscribers in May, as per data released by the sector regulator on Tuesday. Read here

3:15 PM

US markets look to reverse losses on Tuesday; earnings to guide sentiment

 

3:02 PM

Media stocks under pressure; TV18, Dish TV shed 2%

2:55 PM

Delhivery hits highest level since listing, stock surges 36% in one month

Shares of Delhivery surged 7 per cent to Rs 635 on the BSE in Tuesday's intraday trade on healthy business growth outlook. READ MORE

2:51 PM

European markets mixed in trade

2:45 PM

DLF aims to double retail presence in 4-5 yrs, build new malls: Chairman

Realty major DLF Chairman Rajiv Singh has said the company has initiated the development of new shopping malls and looks to double retail portfolio in next five years. READ MORE

2:38 PM

Realty stocks steamy in trade; Prestige Estates soars over 6%

2:30 PM

ALERT :: Issued show cause notices to EV cos involved in recent fires, Ministry Of Heavy Industries tells Parl

2:27 PM

HDFC Life slips 1% after net profit surges 21% YoY in Q1

2:21 PM

Currency Outlook :: 'Rupee-dollar exchange rate expected to hover in 78.50 to 81 band till September'

We do see some more pain for the domestic currency in the near term, but it is likely to remain cushioned by the 81 mark amid a host of factors. For one, the strength in the dollar index seems unsustainable at higher levels, with expectations that the European Central Bank and other developed market central banks will also hike interest rates aggressively.

Besides, the US central bank might be forced to pause its rate hike cycle going forward given the concerns about recessionary risks and it seems that the worst is likely to be over soon.

Secondly, the RBI and the government have recently taken several measures which might stem the fall in the rupee. The rupee-dollar exchange rate is expected to hover in the 78.50 to 81 band till September.

Views by: Sugandha Sachdeva, Vice President - Commodity and Currency Research, Religare Broking 

2:14 PM

Stock of this consulting services company has zoomed 594% thus far in 2022

Shares of Gensol Engineering were locked at 5 per cent upper circuit band for a third straight day on Tuesday, at Rs 752.10. This was also its fresh life-time high. In the past one month, the stock has surged 59 per cent, as compared to 6 per cent rise in the S&P BSE Sensex. READ MORE

2:07 PM

Global Check:: US stock futures marginally in green

Source: Investing.com

1:58 PM

BSE 500:: Stocks falling significantly from the highs of the day

Jindal Stainless Hisar has tumbled over 12 per cent from its high of the day so far. Similarly, Dr. Lal Pathlabs, KSB, CreditAcess Gramin and Grindwell Norton were some of the other prominent stocks to lose notable ground from the highs of the day so far on Tuesday.

1:52 PM

Russia defaults on LNG supplies to India due to retaliatory sanctions

Russia has defaulted on the supply of at least 5 cargoes or shiploads of LNG to India after its retaliatory sanctions hit one of the companies that supply gas to India, sources said. READ MORE

1:51 PM

ALERT :: ECB may consider raising interest rates on Thursday by 50 bps