Sensex zooms 910 pts as financials defy Adani rout; Nifty ends above 17,850

Closing Bell: On the Nifty, Adani Ports closed in green after two days with a firm gain of 6 per cent., while Adani Enterprises erased over 50 per cent of its day's losses to close 2 per cent down

4:05 PM

TECHNICAL VIEW: Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas

The Nifty, in the week gone by, had breached its 40 WEMA on an intraweek basis; however received support near the lower end of the downward sloping channel & the 200 DMA & recovered thereon. The recovery picked up momentum on February 03 as the index surpassed the hurdle zone of 17650-17700. Consequently, the Nifty is approaching to climb above the 20 DMA & can test the level of 18000 on the higher side. On the other hand, the near term support is placed at 17700 with the major support near 17350.

4:02 PM

MARKET COMMENT: Vinod Nair, Head of Research at Geojit Financial Services

Markets are rising, assuming that we are in the last phase of the rate hike cycle as indicated by the Fed statement. Adani Group stocks revived post the confident statement by Total Energies, a large French energy company, raising the sentiment of the market. Pharma stocks have taken a beating as a result of weak third-quarter results.

 

3:57 PM

Over 1,300 stocks advanced, while 2,196 declined

3:54 PM

Divi's Lab, Adani Enterprises, BPCL top Nifty50 laggards

3:48 PM

Titan, Adani Ports, Bajaj Finserv top Nifty50 gainers

3:44 PM

Broader markets subdued; India VIX slips over 8%

3:42 PM

Pharma stocks weak in an upbeat market; Divi's Lab, Gland Pharma slip up to 12%

3:36 PM

Nifty PSU Bank best sectoral performer, gains over 3%

3:32 PM

SENSEX HEATMAP: Only 3 out of 30 index constituents close in red

3:31 PM

CLOSING BELL: Nifty50 closes above 17,800, up 200pts

3:30 PM

CLOSING BELL: Bulls recharge Sensex, ends over 800 points higher

3:20 PM

Zydus Lifesciences net profit rises 24.48% to Rs 622.9 cr in Dec quarter

Zydus Lifesciences Ltd on Friday reported a 24.48 per cent rise in consolidated net profit at Rs 622.9 crore for the third quarter ended December 31, 2022. READ MORE

3:12 PM

Exposure to Adani Group is limited, not re-evaluating stakes: TotalEnergies

French oil major TotalEnergies SE said on Friday its exposure to ventures with India's Adani Group is limited and is not re-evaluating its stakes in Adani Total Gas and Adani Green Energy. READ MORE

3:01 PM

Global Check:: US, UK stock futures in red, down up to 1.7%

Source: Investing.com

2:54 PM

Portion of Adani Group's capital expenditure is deferrable: Moody's

Moody's also said the adverse developments relating to the Adani Group - rapid decline in market value of the group company's shares- will impact the group's ability to raise capital. READ MORE