Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall

CLOSING BELL: Reliance Industries, Wipro, IndusInd Bank, Axis Bank, Tech M, Tata Steel, Maruti Suzuki, and M&M were the top Sensex gainers, rising between 0.5 per cent and 1.2 per cent

1:15 PM

Nifty Midcap 100 up 0.9%; BHEL, GSPL zoom around 8%

1:06 PM

From banks to IT, analysts bet on these sectors as markets hit record highs

Metals, state-owned oil marketing companies, and export/global economy-linked sectors may not see any meaningful rally. READ MORE

12:56 PM

Tech Pick: Buy Astral, recommends Vaishali Parekh

BUY ASTRAL

CMP: Rs 1,883; Target: Rs 2,080; Stop Loss: Rs 1,800

 

The stock has been in consolidation phase for some time moving in a very narrow range near Rs 1880 levels and now has given a positive candle with 78.6 per cent retracement support around Rs 1,810 level. The RSI indicator also has flattened out and has indicated improvement from its highly oversold zone. With the risk reward ratio favourable, we recommend a positional buy in this stock for an upside target of Rs 2,080 keeping a stop loss of Rs 1,800.

 

- Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher

12:45 PM

Export quota hike may trigger up to 33% rally in these 3 sugar stocks

Among individual stocks, Shree Renuka Sugars, Ugar Sugar and EID Parry have zoomed up to 169 per cent so far in 2022. Charts indicate further upside for these select stocks. READ MORE

12:36 PM

Stock of this medical equipment company has tanked 74% so far in 2022

Shares of Nureca hit a 20-month low of Rs 562.50,down 3%, trading close to its record low of Rs 559.25 touched on March 19, 2021. READ MORE

12:22 PM

Nifty Media surges 1% led by gains in TV18, Network18

12:10 PM

HDFC Life, Coal India, L&T top Nifty50 gainers at this hour

12:00 PM

Gujarat becomes first state to get Jio True 5G across all districts

Reliance Jio said Gujarat has become the first state to get 'True 5G' in each of the 33 district headquarters. READ MORE

11:49 AM

Hariom Pipe hits all-time high as production kicks off for melting furnace

Shares of Hariom Pipe Industries (HPIL) rallied 12 per cent to hit an all-time high of Rs 313 amid heavy volumes after the company completed the set up of 15 ton electric melting furnace. READ MORE

11:44 AM

Rupee advances 16 paise to 81.54 against US dollar in early trade

The rupee appreciated 16 paise to 81.54 against the US dollar in early trade on broad dollar weakness and in line with its Asian peers. READ MORE

11:35 AM

Wheat flour prices jump over 17% in one yr, now closer to sugar, rice: Rpt

The rise in wheat flour prices has come on the back of an increase in wheat prices as well. READ MORE

11:26 AM

RBI MPC blames global factors for high inflation in letter to Centre

The war in Ukraine and resultant spurts in energy and food costs, and supply disruptions caused by the pandemic are among main reasons cited by RBI for high inflation. Read more

11:18 AM

Rationalisation in long-term capital gains tax structure on the anvil

The finance ministry is looking at rationalising long-term capital gains tax structure by bringing parity between similar asset classes and revising the base year for computing indexation benefit. Read more

11:06 AM

Bikaji Foods m-cap crosses Rs 10,000 crore; stock 36% above issue price

At 10:33 am; the stock traded 6.8 per cent higher at Rs 405.35, with a market capitalisation of Rs 10,114 crore, the BSE data shows. Read here

10:57 AM

US yields sink amid dovish Fed signals; HK stocks slip on Covid concerns

The 10-year Treasury yield dipped to 3.659%, the lowest since Oct. 5 in Tokyo trading, after Thursday's US Thanksgiving holiday; the two-year yield slipped to a one-week bottom at 4.44%. Read here