Sensex zooms 874pts in broad-based rally; Nifty tops 17350; RIL, HDFC up 2%

CLOSING BELL: Mukesh Ambani-led Reliance Industries (RIL) is set to become India's first company to hit market capitalisation (m-cap) of Rs 19 trillion

10:52 AM

NEWS ALERT :: Ramkrishna Forgings wins export order from European Tier-1 Axle manufacturer

>> Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged, and machined products has won an export order with an estimated business value of Rs 33 crroe over 5 years from Europe's leading Tier-1 axle manufacturer for the Front Axle Business. 

10:42 AM

BSE 500:: Top gainers so far

Gland Pharma, PNC Infratech zoom up to 7 per cent each. NLC India, Angel One and Edelweiss Finance were the other major gainers among the BSE 500 stocks.

10:34 AM

March Quarter Result :: Nestle's ebitda margin misses Street estimate

>> Net profit at Rs 594.7 crore

>> Revenue from operations at Rs 3,980.7 crore

>> Ebitda at Rs 924.4 crore

>> Ebitda margin at 23.2%

10:26 AM

Angel One rallies 10%, hits all-time high on healthy Q4 results

Shares of Angel One hit an all-time high of Rs 1,793 after they rallied 10 per cent on the BSE in Thursday's intra-day trade on a healthy set of numbers for the quarter ended March 2022 (Q4FY22). READ MORE HERE

10:19 AM

Sugar stocks turn sweeter in an upbeat market

10:11 AM

Rupee flat at 76.23 against US dollar

9:56 AM

VRL Logistics surges 6%, hits new high on strong business outlook

In the past one month, the stock has outperformed the market by surging nearly 30 per cent as compared to 1 per cent decline in the S&P BSE Sensex. READ MORE HERE

 

9:51 AM

Nykaa gains over 2% after Aveda partnership

9:47 AM

Tata Elxsi abuzz after healthy Q4 numbers

9:41 AM

HCL Tech declines ahead of Q4 results

9:37 AM

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

Markets often overreact, both on the upside and downside. As sanity sets in, prices normalise. The stretched valuations of IT stocks, particularly in the mid-cap space, was the consequence of the market overreacting to excellent results and good earnings visibility. Slight disappointments in expectations swing the pendulum to the other side, depressing prices. Even though there is some margin pressure in IT, results of mid-cap IT stocks indicate that earnings momentum is strong. Similarly the relentless selling in HDFC twins by FIIs and shorting by bears who swim with the FII current have  created another case of overreaction depressing prices to fundamentally unjustifiable levels. Short-term overreaction and corrections in valuations are opportunities for discerning long-term investors.

9:36 AM

STOCK UPDATE :: RIL hits record peak; m-cap reaches Rs 18.7 trillion

9:32 AM

Opening bell: Hindalco, Tata Steel, Nestle top Nifty 50 losers

9:30 AM

Opening bell: Coal India, RIL, IndusInd Bank top Nifty 50 gainers

9:27 AM

Opening bell: Smallcaps outperform Midcaps; India Vix slips below 3%