Sensex snaps 6-day losing run, ends 180 pts up; DMart rallies 10%, ACC 4%

NTPC, Bajaj Finance, Maruti Suzuki, SBI, HDFC, Kotak Bank, M&M, and IndusInd Bank were the top gainers on the Sensex index

12:49 PM

BSE 500:: Top gainers so far

Elgi Equipments has zoomed 13 per cent. Macrotech Developers, Vinati Organics and IRB Infra were the other major gainers, up around 7 per cent each so far.

12:33 PM

Adani-Holcim deal: Analysts expect Ambuja-ACC to merge in medium-term

Adani-Holcim deal: The merger of Ambuja Cement and ACC will help Adani Group rationalise a lot of fixed cost quotients at both these entities, analysts said. READ MORE

12:23 PM

Asian Markets Update:: Major markets hold marginal gains

Source: Yahoo Finance

12:15 PM

MARKET CHECK: Sensex erases gains, up 100 odd pts

 

12:10 PM

Charts indicate up to 14% upside for ACC, Ambuja Cement, Adani Enterprises

Adani Enterprises can rally up to 14 per cent; whereas ACC, Ambuja Cements can gain another 10 per cent each indicate charts. Read more

 

11:58 AM

Bandhan Bank surges 8% on improvement in asset quality in March quarter

Gross non-performing asset (NPA) and net NPA ratios declined 435 bps and 135 bps to 6.46 per cent and 3.01 per cent, respectively, on a quarter on quarter (QoQ) basis. Read here

11:46 AM

Pre-listing view on LIC: Stay invested despite likely weak listing

We anticipate that LIC might have a flat listing tomorrow, based on the current market situation.

Due to increased inflation statistics, FII outflows, currency weakness, geopolitical and rate hike-related worries, present markets are experiencing extraordinary volatility, this has caused sell-offs in equity markets all over the world.
 

According to the recent grey market patterns, the company's unlisted shares were selling at Rs 936 per share on Monday (May 16), a discount of Rs 13 to the IPO price band's upper range.

However, the stock's modest float may limit the stock's post-listing decline.
 

Investors must be aware that the business of insurance is long term in nature; therefore we recommend investors to stay with the company for the long term even if the company lists at a discount.

Views by Aayush Agrawal, Senior Analyst, Swastika Investmart Ltd.

11:36 AM

Elgi Equipments, IRB Infra, CRISIL lead BSE500 gainers, rise up to 13%

 

11:25 AM

Weak rupee to make imports costly for metal firms, exports may get a push

According to CRISIL Research, India imported close to 57-59 million tonnes of coking coal - a key input for steelmaking - worth Rs 1 trillion in fiscal 2022. Read here

 

11:19 AM

SBI recoups early losses; sits at Sensex top post Q4 results

 

11:11 AM

Avenue Supermarts gains 8% post March quarter results

Though January 2022 started extremely well but the omicron wave reduced the momentum over middle of the month. Read more

11:03 AM

PSBs lead sectoral gains; Nifty PSB up 2.7%

 

10:55 AM

Normalcy to return in Shanghai from June 1 as Covid lockdown drags economy

Data on Monday showed China's industrial output fell 2.9% in April from a year earlier, down sharply from a 5.0% increase in March. Read more

10:44 AM

Oil prices slide as investors take profit; supply fear still looms

The European Union aims to agree a phased embargo on Russian oil this month despite concerns about supply in eastern Europe. Read more

10:34 AM

Sebi to set up FPI expert panel soon; single window to address concerns

Experts said the advisory committee will help smoothen the implementation of key policies. Read here