Sensex gyrates 1,073 pts, ends 460 pts down; Axis Bk dips 6.5%, Maruti 2.5%

CLOSING BELL: Coal India, Adani Ports, Power Grid, Maruti Suzuki, Bajaj Auto, ONGC, Wipro, and Britannia Industries were the other laggards, down between 2.5 per cent and 4 per cent

10:27 AM

Bank of Maharashtra gains after net profit jumps two-fold in Q4

10:21 AM

CPCL surges 16% in two days on strong Q4 results; Dolly Khanna buys stake

Shares of Chennai Petroleum Corporation Limited (CPCL) hit a 52-week high of Rs 279.55, up 10 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade, thus surging as much as 16 per cent in the past two trading days on strong March quarter results (Q4FY22). Read more

 

10:12 AM

Technical view: Anand James - Chief Market Strategist at Geojit Financial Services

While willing for another push higher in line with our 17270-400 view, we were looking for a close above 17245 as a signal towards upside continuation. The close at 17245 itself yesterday, along with a slight decline in VIX, despite expiry, keeps the bias slightly in favour of upsides. The evening star pattern in the closing hours, hints at reversal though, but we look to play upsides aiming at 17370 as long as dips do not extend beyond 17200.

10:03 AM

Market view: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

>> There are some important indications from the Q4 results declared so far. Banking is staging a strong rebound with good credit growth and improving asset quality. IT, particularly mid-cap IT, continues to do well even though some large  IT firms are mildly disappointed.

 

>> Banking stocks have not yet responded to the good results due to relentless selling by FPIs. IT after the recent correction is fairly valued.

>> Since RIL is the leader of the current rally and Q4 results are expected to be very good, aided by the petrochem business and high refining margins, RIL can impart resilience to the market in the near term.

>> The Fed policy outcome on May 5th will set the tone for the short-term trend of the market.

9:58 AM

Axis Bank falls over 4% despite strong Q4 results

9:55 AM

Maruti declines ahead of Q4 results

9:47 AM

Varroc zooms 20% on divestment plan of 4W lighting biz in US and Europe

The company believes that the divestment is part of company's strategy to align its resources with the high value and high growth primary markets in China, India, and two-wheeler sector globally. READ MORE HERE

9:35 AM

Opening bell: Profit-booking in FMCG stocks; Marico declines over 2%

9:28 AM

Opening bell: Axis Bank, SBI Life, Britannia top Nifty 50 losers

9:27 AM

Opening bell: Sun Pharma, IndusInd Bank, ICICI Bank top Nifty 50 gainers

9:25 AM

Opening bell: Broader markets upbeat; India Vix cools off below 2%

9:24 AM

Opening bell: All sectors in green; Pharma, realty stocks in demand

9:20 AM

Opening bell: Only 4 out of 30 Sensex stocks sulk in negative zone

9:19 AM

Opening bell: Over 200 points advance for Sensex

9:17 AM

Opening bell: Nifty 50 opens above 17,300