Sensex jumps 379 pts, Nifty tops 17,800; auto stocks in fast lane, PSBs dip

CLOSING BELL: Maruti Suzuki, M&M, Asian Paints, HUL, Ultratech Cement, Tech M, and HDFC twins were the top gainers on the Sensex index

11:11 AM

Rakesh Jhujhunwala-owned stocks trade mixed. Should you buy, sell, hold?

The decision to stay with these stocks, analysts said, should be based purely on how each of these companies is performing fundamentally. Read here

11:01 AM

Retail inflation may remain elevated despite easing in July: Report

India's headline retail inflation that eased for the third straight month in July is expected to remain above the central bank's upper tolerance range in the near term, analysts said. Read here

10:53 AM

WATCH |Did inflation hurt India Inc more than what markets expected in Q1?

10:45 AM

'Too little, too late': China interest rate cut spurs call for more moves

Unlike many advanced economies right now, China's core inflation -- which excludes volatile energy and food prices -- is pretty tame, slowing to merely 0.8% in July. Read here

10:35 AM

Forbes & Co zooms 20% on special dividend cheer; stock up 53% in 3 days

The company has fixed Thursday, August 25, 2022 as the 'Record Date' for the purpose of ascertaining the shareholders who shall be eligible for receipt of special interim dividend. Read here

10:23 AM

Q&A | Invest in long duration bonds; rupee to stay under pressure: Sandeep Yadav

The higher yields have provided a good entry point for debt investors after years of low yields. Read here

10:10 AM

MCX Gold, Silver futures slide; Key levels to watch out this week

Sustained trade below Rs 52,065, can trigger a fall to Rs 51,650 - 51,700 levels on the Gold futures; whereas Rs 57,200 is the key support for Silver futures. Read more

10:00 AM

COMMENT | Stay cautious while chasing current rally

The surprise rate cut in China when the rest of the world is hiking rates is an indication of the sharp growth slowdown in China triggered by the widespread Covid lockdowns and woes of the property market.

With other BRICS economies like Brazil and South Africa struggling and Russia expected to contract by 9% this year, India stands out with an expected growth rate of 7.2% in FY23.

Steady decline in CPI inflation (6.7% in July), Brent crude falling to $94 and steady buying by FIIs augur well for the markets.

However, high valuations are a concern. While remaining invested, investors must exercise caution chasing this rally.

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

 

9:55 AM

Muthoot Finance sinks 14% on posting a 17% fall in Q1 net profit

 

9:52 AM

EARLY MARKET CHECK | Sensex extends gains, up 400 points

 

9:49 AM

Zee Ent sheds 1.5%; reports 49% fall in Q1 consolidated net profit

 

9:44 AM

LIC adds 3.5% on firm Q1 results

 

9:42 AM

ONGC weak despite sharp rise in Q1 profits

 

9:39 AM

Max Health gains 3% after large trade of 26 cr shares

 

9:34 AM

Godrej Consumer gains 7%; Morgan Stanley upgrades rating to overweight