F&O expiry: Sensex soars 1,041 pts, Nifty tops 16,900; Bajaj twins leap 10%

CLOSING BELL: Tata Steel, Kotak Bank, IndusInd Bank, Nestle, Infosys, Asian Paints, and Tech M were the other outperformers, up between 3 per cent and 4.6 per cent

8:57 AM

Stocks on radar today: Dr Reddy's, Tata Motors, HAL, Bajaj Finance, Nestle India

Stocks to watch today: Dr Reddy's, Bajaj Finserv, Nestle India will report their June quarter results on Thursday, July 28; HAL signed $100 million contract with Honeywell for HTT-40 engines. Read here

8:53 AM

WATCH | Spectrum auction and outlook for telecom stocks

The telecom stocks are back in the limelight amid the spectrum auction by the government. But are they worth your hard-earned money? Let’s find out. Watch

8:50 AM

DIIs firmly bought Rs 712 crores of shares Wednesday

 

8:48 AM

FIIs sold shares worth Rs 437 crores Wednesday

8:46 AM

Expert Take :: FED has made markets believe that this interest rate upcycle may not last long

>> The US FED is trying to control inflation by slowing down the economy without damaging the labor market significantly.

 

>> Interest rate guidance of 3% to 3.5% leaves scope for either one unusually large increase in September policy meeting or a step by step increase of the same magnitude.

>> This reading was validated by US10Yr bond yield which didn’t budge from levels of 2.79% and dollar index too cooling off from 107 levels post the policy announcement.

 

>> FED, through its commentary, has made markets believe that this interest rate upcycle may not last long contrary to what was estimated before. This may have positive implications on equities globally.

Views by: Siddarth Bhamre, Head of Research, Religare Broking

8:45 AM

Rupee weakens 13 paise to close at 79.9/$ Wednesday

source: bloomberg

8:40 AM

Nifty may open over 100 pts higher to breach 16,700

 

8:37 AM

Oil prices se uptick: Brent crude at $108/bbl

 

8:34 AM

Global markets read Powell's comments as dovish; ignore large rate hike possibility

Fed Chair also said that Wednesday that another unusually large increase could be appropriate at the next meeting. 

 

8:31 AM

What Fed chair said: Necessary to have growth slowdown; US not in a recession currently

FED'S POWELL: ANOTHER UNUSUALLY LARGE INCREASE COULD BE APPROPRIATE AT NEXT MEETING

POWELL: IT'S NECESSARY TO HAVE GROWTH SLOW DOWN

 

POWELL: WE THINK WE NEED A PERIOD OF GROWTH BELOW POTENTIAL TO CREATE SOME SLACK

POWELL: I DON'T THINK U.S. IS CURRENTLY IN A RECESSION

 

POWELL: JOB GROWTH, WAGE MEASURES ARE STRONG, NOT CONSISTENT WITH A RECESSION

Source: Investing.com

8:28 AM

Global mood strengthens as Fed may slow down rate hike eventually

8:25 AM

US equity futures slightly negative in early trade

 

8:22 AM

Asian markets follow suit; Shenzhen leads gains

source: finance.yahoo.com

8:20 AM

European markets also log gains Wednesday

 

8:16 AM

US markets rally post Fed rate hike: Dow Jones up 400 points