Sensex gains for 3rd day, rises 433pts; Nifty holds 15,800; Zomato falls 6%

CLOSING BELL: Sectorally, the broad-based rally saw the Nifty Auto index ending with 2-per cent gain, and the Nifty Metal index with 1.6-per cent rally

3:38 PM

Closing Bell: Nifty gains 133 pts; reclaims 15,800-mark

3:37 PM

Closing Bell: Markets rise for 3rd day; Sensex ends 433 pts higher

3:26 PM

Q&A :: India's retail investors are underweight on equities: Valentis Advisors MD

Structurally, we have maintained that we will continue to see increased retail participation in Indian equities. Even in the present correction, we are seeing inflows into our fund. READ FULL INTERVIEW HERE

3:16 PM

European markets firmly move higher

source: finance.yahoo.com

3:06 PM

Indian non-banking finance sector's profit to be stable: Fitch Ratings

This was underscored by a rapid economic recovery and easing financial-sector weaknesses, which reduce the downside risks to the country's medium-term growth despite near-term inflationary headwinds, the rating agency said. READ MORE

2:56 PM

Auto Index hits 7-month high; Maruti Suzuki, Hero MotoCorp rally up to 13% in 1 week

At 02:05 PM, the BSE Auto index was up 1.6 per cent at 26,841 points, as compared to 1.3 per cent rise in the BSE Sensex index. The auto index hit a seven month high of 26,903.54 in intra-day trade. READ MORE

2:43 PM

NEWS ALERT :: Aurobindo Pharma receives Warning Letter from Sebi

>> We have received a warning letter from Securities Exchange Board of India (SEBI) on June 24, 2022.

>> The letter is in regards to certain disclosures made by the Company on the ongoing USFDA audit of Company's Unit-1 and observations made by the USFDA between the period 2019 to 2022.

>> The SEBI warning letter observes that the Company had disclosed very limited and restricted information and that the Company did not disclose the detailed reasons and also did not consider the observations of USFDA as serious. 

2:33 PM

Angel One, 5Paisa: Most brokerages' shares look weak amid market volatility

According to analysts, the stock broking industry is expected to see tepid growth in fiscal year 2022-23 (FY23) amid market volatility. Read more

2:21 PM

Recessions in advanced economies may help cool inflation in India

“India being a net importer of commodities should benefit on the inflation front,” Samiran Chakraborty, managing director and chief economist for India at Citigroup, said in an interview with Bloomberg Television on Monday. He added that India would still face face pressures from a global slowdown as it will crimp exports and economic growth. READ MORE

2:10 PM

Bajaj Auto Buyback :: Board approves buyback worth Rs 2,500 crore

>> The Board has approved buyback at a price not exceeding Rs. 4,600 per Equity Share and such aggregate amount, up to Rs. 2,500 crore.

>>  This represents 9.61% and 8.71% of the aggregate of the total paid-up share capital and free reserves (including securities premium account) of the Company.

Source: BSE filing

2:00 PM

Mid-Market check :: Key support and resistance levels for Nifty, Bank Nifty

>> Till Nifty50 holds above 15,735 zone, we can expect bounce towards 15,950 and 16,000; whereas a hold below this could open a downside move towards 15,555 and 15,350 zones. Market breadth is positive which indicates that there is some support at lower levels.

>> The Nifty Bank index is seen taking support near its 20-DEMA, which is placed at 33,800 level. Now it has to hold above 33,800 zones for a bounce towards 34,000 and 34,250 zones; whereas supports are placed at 33,500 and 33,333 zones.

Views by: Chandan Taparia, Vice President, Equity Derivatives and Technical, Broking & Distribution, MOFSL

1:51 PM

FTAs with UK, EU to open new opportunities for domestic exporters: FIEO

The proposed free trade agreements (FTAs), including with the UK, European Union and GCC would open new opportunities to boost India's exports in these markets, FIEO President A Sakthivel said. READ MORE

1:41 PM

BSE 500:: Volume Shockers

Bata India has witnessed unusually high volume of around 88,000 shares so far on the BSE as against its five-day average volume of around 11,550-odd shares. Similarly, SIS, HDFC AMC, Brightcom Group and Astral have also witnessed a spike in volume in trades on Monday.

1:36 PM

S&P BSE Sensex 30 Heatmap:: IT majors, Tata Steel, L&T shine

1:27 PM

Global Check:: US stock futures up over 0.5 per cent

Source: Investing.com