Broad-based rally lifts Sensex 578pts, Nifty above 17,800; pharma stks lead

CLOSING BELL: Besides, the Nifty Auto and Private Bank indices advanced 1.7 per cent each

10:04 AM

COMMENT | Value emerging in IT from long-term perspective

Since globally markets are focused on Fedspeak on the 21st, major breaks from the present levels are unlikely for 2 days. A big correction after the Fed decision is possible only if the rate hike is of 100 bps.

 

The Indian market continues to show resilience despite global challenges. Major indices like Nifty Bank, autos, FMCG and cement are at record levels with only Nifty IT dragging the benchmark indexes.
 

The real winners in this volatile market are investors who remained invested without much trading. This strategy may be continued in the near-term.

There is value emerging in IT for long-term investors.

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

9:52 AM

Bombay Dyeing rallies 7%; co to mull rights issue on Sep 22

9:49 AM

Can Fin Homes extends slide on CEO's resignation

The lender's managing director and chief executive officer (MD&CEO) Girish Kousgi resigned stating personal reasons. The stock had tumbled 7.25 per cent on Monday.

9:46 AM

Hatsun Agro to raise Rs 400 cr via rights issue; stock moves 1% up

9:43 AM

IRCON wins Rs 256 crore order; gains 4%

9:39 AM

Natco Pharma edged higher on nod to launch CTPR

The Delhi High Court has permitted Natco Pharma to launch Chlorantraniliprole (CTPR) and its formulations, through its non-infringing process. The pharma company estimates the current market size of CTPR products in India to be over Rs 2,000 crore.

 

9:36 AM

Adani Green rises 2% on commissioning of new wind energy plant

The company has commissioned a 325-megawatt wind energy plant in Madhya Pradesh, thus increasing its operational generation capacity to 6.1 gigawatt (GW).

9:34 AM

Advanced Enzyme surges 11% as Nalanda Equity Fund buys 2.6% stake

9:31 AM

MARKET BREADTH | Advance-decline ratio firmly positive

9:29 AM

MARKET CHECK | Sensex extends rise, now up 650 pts

9:28 AM

SECTORS | Broad-based gains across pockets; IT index up 1.5%

9:24 AM

BROADER MARKETS | Firm gains spread across small/mid caps

9:22 AM

NIFTY WINNERS | Hindalco, TaMo additional gainers,all 50 stocks in green

9:20 AM

HEATMAP | All 30 Sensex stocks open higher

9:18 AM

OPENING BELL | Nifty jumps 180 points to reclaim 17,800