Bull run enters 4th day; Sensex up 456 pts, Nifty tops 18,050; metals lead

CLOSING BELL: Top large-cap gainers were Bajaj Finserv, IndusInd Bank, Bharti Airtel, Tata Consumer Products, L&T, Britannia, Bajaj Finance, SBI Life, and Tata Motors.

11:15 AM

This Ashish Kacholia-owned chemical stock has zoomed 100% in two months

The company is witnessing rise in demand from end-user industries such as food processing, personal care and home care in the specialty chemicals market.Read here

10:56 AM

WATCH | Should you hold rice mill stocks amid export curbs?

10:40 AM

RBI's expected soft landing for India means fast, if not fastest, growth

Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month. Read here

10:26 AM

COMMENT | Current strength can take indices to new highs soon

The ongoing market rally is primarily driven by the sudden reversal of FII strategy: from relentless sellers to relentless buyers.

Retail investor support  and fundamental support to the market from a strong economy are aiding the rally. Now, this has become a classic momentum driven market which has the potential to take the indices to new record highs soon.
 

FOMO factor ( since this rally was mostly unexpected) and short covering can aid the market momentum further.

 

FII buying is all set to continue since the dollar index has declined to 108.
 

Bank Nifty is likely to be the first sector to touch new record highs since the segment has strong fundamental support and FIIs have turned big buyers in financials.

Due to the FOMO factor, the small-cap segment is likely to catch up in this rally.

Views by V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

 

10:13 AM

Tata Investment extends rally, soars 29% in two weeks; hits record high

Tata Investment said the company aims to remain invested in leaders in sectors, which they believe have potential to remain value accretive over the medium and long term. Read more

10:01 AM

Bajaj Finserv trades ex-date for 1:5 split, 1:1 bonus; shares rally 6%

The company had fixed September 14, 2022 as the 'Record Date' for the purpose of determining the members, eligible for the sub-division of existing equity shares, and issue of bonus equity shares. Read here

9:53 AM

PVR, Inox extend gains for 2nd day; up over 1.5% each

9:50 AM

Gujarat Apollo soars 20%, hits upper circuit on inking JV pact with Belgium-based PFH BV

The company has entered into a joint venture agreement with Belgium-based PFH BV. They will enter into the business of agricultural and farming machineries and components.

9:46 AM

Ujiivan SFB sheds 2%; opens QIP issue at a floor price of Rs 21.93 a share

9:43 AM

IRB Infra surges nearly 4% on clocking 35% YoY rise in Aug toll collection to Rs 336 cr

9:40 AM

Coal India gains 1.5%; e-auction of 10 coal mines to begin today

E-auction of 10 commercial coal mines will start on Tuesday, said the coal ministry.

9:37 AM

HDFC Life edges up as 2% equity changes hands

9:35 AM

MIDCAPS | Whirlpool, Aditya Birla Fashion, ACC top winners

9:32 AM

BROADER MARKETS | Gains spread to broader mkt; mid-caps strong

9:29 AM

SECTORS | All pockets in green; financials, consumer durables lead