Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%

CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers

10:56 AM

Reliance Industries rallies 7% in two days, stock nears record high

Shares of Reliance Industries (RIL) were up 3.5 per cent at Rs 2,730 in Wednesday’s intra-day trade, surging as much as 7 per cent in the last two trading sessions on expectations of healthy earnings. The stock of the Mukesh Ambani-led refineries & marketing company is now trading closer to its record high of Rs 2,750 touched on October 19, 2021. Read here

10:49 AM

HDFC to sell 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr

Mortgage lender HDFC Ltd has entered into a binding agreement to sell 10 per cent stake in HDFC Capital Advisors Ltd to a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for Rs 184 crore. Read more

10:43 AM

Russia-Ukraine UPDATE

10:35 AM

Telecom stocks in green; Bharti Airtel leads on subscriber addition in Feb

 

10:27 AM

L&T Infotech drops 5% after Q4; Goldman Sachs maintains its 'sell' rating

 

10:24 AM

US preparing to announce another military aid package for Ukraine

The new package will be similar in size to the latest one worth USD 800 million and will include both more artillery and tens of thousands of artillery rounds: Report READ MORE HERE

 

10:15 AM

Insecticides India secures pesticide patent; stock zooms over 4%

10:08 AM

Tata Elxsi gains over 2% ahead of Q4 results

10:01 AM

Benares Hotels gains over 3% on strong Q4 numbers

9:57 AM

Market view: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The dominant near-term feature of this market is the massive FII selling. In a context devoid of positive news, this massive delivery based selling, particularly in bluechips, is dragging the market down. An important point to note is that yesterday the market collapse happened in the last hour. This indicates ETF selling. There is a clear see-saw battle between the pessimistic FIIs and the optimistic DIIs. Who will ultimately win this battle only time can tell. Meanwhile, retail investors can bottom fish in this market where indiscriminate ETF selling has dragged down high quality stocks with good earnings visibility. There is good value emerging in telecom and select financials.  If IT, which is weak now, corrects further, there  will be opportunities for cherry picking. Calibrated  buying can begin now.

9:47 AM

Coal India gains 4%, hits over 2-year high on hopes of strong earnings

Shares of Coal India (CIL) hit an over two-year high of Rs 205.55, up 4 per cent on the BSE in Wednesday’s intra-day trade, surging as much as 10 per cent in the past three trading days on expectation of strong earnings. READ MORE HERE

9:42 AM

ACC gains despite muted Q4 results

9:36 AM

Bias positive for MCX Crude Oil, Natural Gas: Key levels to watch out

The MCX Crude Oil futures may seek support around the 50-DMA at Rs 7,716; while the bias for Natural Gas is likely to remain bullish as long as it sustains above Rs 525. READ MORE HERE

9:34 AM

Opening bell: Kotak Bank, Apollo Hospitals, L&T top Nifty 50 losers

9:32 AM

Opening bell: Eicher Motors, Tata Motors, RIL top Nifty 50 gainers