Sensex ends volatile session 185 pts down; IT stocks decline, PSBs shine

CLOSING BELL: The Nifty50 index shut shop at 16,523, down 62 points or 0.37 per cent

4:05 PM

Technical View: Rupak De, Senior Technical Analyst at LKP Securities

Nifty remained choppy for the day as the benchmark index ended without a directional move. On the higher end, 50EMA has been acting as a crucial resistance. However, the Nifty slipped not very far from the previous close. The trend remains sideward for the near term. Support is visible at 16400, whereas on the higher end, resistance is likely to remain intact at 16700.

4:00 PM

CURRENCY CHECK: Rupee appreciates 18 paise against US dollar

3:58 PM

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

Continuous rise in crude oil prices due to EU’s decision to partially ban Russian oil hindered global market. Indian economy registered a growth of 8.7% in FY22 but is expected to slow down in FY23 to 7.2%, as per the latest RBI forecast. Auto sales data, posted by major manufacturers, witnessed growth in passenger and commercial vehicle segments due to pick up in the construction sector however two-wheeler and tractor segments continued to remain under pressure.

3:54 PM

Closing bell: Over 1,800 stocks advanced whereas 1,485 declined

3:49 PM

Closing bell: Blue Dart, HAL among stocks that hit fresh 52-week high

3:46 PM

Closing bell: Pain felt in IT and realty pockets

3:42 PM

Closing bell: Broader markets outperform benchmark; India Vix climbs 1%

3:38 PM

Closing bell: Bajaj Auto, Apollo Hospitals, Hindalco top Nifty 50 losers

3:36 PM

Closing bell: JSW Steel, Coal India, HDFC Life top Nifty 50 gainers

3:34 PM

Closing bell: 11 out of 30 Sensex stocks in positive zone

3:32 PM

Closing bell: Over 150 points downfall for Sensex

3:31 PM

Closing bell: Nifty 50 closes below 16,550 levels

3:26 PM

Bajaj Auto sells 275,868 units in May 2022; stock dips 4% on profit booking

With schools/colleges opening in June 2022, there will be improvements in the footfalls in dealerships, according to analysts. READ HERE

3:21 PM

TVS Motor May total sales at 302,982 units, domestic sales at 191,482 units

TVS Motor Company on Wednesday reported total sales of 3,02,982 units in May. READ HERE

3:12 PM

Jet fuel price cut by 1.3%, commercial LPG rate reduced by Rs 135

Jet fuel prices on Wednesday were cut by 1.3 per cent -- the first reduction after 10 rounds of price hikes -- on softening international crude oil rates. READ HERE