Fag-end buying lifts Sensex 214 pts; Nifty nears 17,400; IT stocks dazzle

CLOSING BELL: All sectors, except IT and Financial Services, witnessed selling pressure today, led by auto, pharma, and public sector banks

4:05 PM

Expert view:: Vinod Nair, Head of Research at Geojit Financial Services

"Amidst the geopolitical storm affecting the global markets, domestic markets moved in-line with its global peers. The global market is also concerned about recessionary risk. On the domestic front, the major trigger this week will be the RBI’s policy meeting outcome, where the market is largely expecting a 25-50bps rate hike"

 

4:05 PM

SpiceJet zoomed over 12% amid buzz of partial stake sale by promoter

According to reports the company's promoter Ajay Singh is exploring possibility of a partial stake sale in the company. Currently, Ajay Singh and his family hold 59.40 per cent stake in SpiceJet.

4:00 PM

Adani Power advanced 3.5%, Q1 net soared 17-fold YoY to Rs 4,779.86 cr

3:58 PM

Devyani International jumps 5% on strong Q1 show

Devyani International hit an over six-month high and ended 5 per cent higher after the company reported a strong performance across its core brands in the quarter ended June 2022. The company’s revenue from operations grew 100 per cent YoY to Rs 705 crore.

3:56 PM

Technical check:: Kunal Shah, Senior Technical Analyst at LKP Securities

"The Bank Nifty index ahead of the RBI policy witnessed sideways action and ended on a flat note. The index needs to close above 38,200 for a continuation of the uptrend towards the level of the 38,500-38,700 zone. The index downside support stands at 37,500 and if breached will witness further selling pressure towards the 37,000 zone. The index will give a clear direction once a policy is announced."

3:56 PM

eClerx Services gains 4% on bonus issue proposal

eClerx Services surged over 4 per cent as the company's board will consider a bonus issue proposal in its upcoming meeting on August 9, 2022.

3:53 PM

Buzzing stock: Zomato clocks heavy volume

Zomato ended 0.3 per cent lower after an undisclosed shareholder offered to sell 612 million shares at a discount, a stake matching that held by Uber Technologies. The stock tanked to a low of Rs 44.45 in intra-day trades and recorded heavy volumes of around 599.64 million shares on the NSE. READ MORE

3:45 PM

Broader market underperforms: Midcaps, Smallcaps end with notable losses

3:43 PM

Secotoral Indices: Nifty IT outperforms peers with a wide margin

3:41 PM

Top Five Nifty 50 gainers and losers on Wednesday

3:39 PM

Sensex 30 Heatmap:: IT stocks lead market recovery; auto, select financials slip

3:37 PM

NSE Nifty 50 shuts shop at 17,388, up 43 points

3:35 PM

Closing Bell: Sensex ends 214 points higher

The S&P BSE Sensex ended 214 points higher, after having gained more than 600 points from the lows of the day.

3:24 PM

Yes Bank-DHFL case: ED attaches Rs 415 cr worth assets of builders

Assets worth Rs 415 crore of arrested Maharashtra builders Avinash Bhosale and Sanjay Chhabria have been attached in Yes Bank-DHFL bank loan fraud case, the Enforcement Directorate said. READ MORE

3:15 PM

ALERT: Adani Power Q1 net soars 17-fold YoY to Rs 4,779.86 cr

Adani Power Q1 net soars 17-fold YoY to Rs 4,779.86 crore; Total income grew 115 per cent to Rs 15,509 crore.