Sensex jumps 249 pts on late buying, Nifty tops 18,400; Airtel, ICICI lead

CLOSING BELL: A late rally in the market, helped the benchmark indices end the rather lacklustre day with notable gains. Debutant Fusion MicroFinance ended at a 12 per cent discount to issue price.

9:20 AM

Opening Bell :: Nifty starts mildly higher

9:18 AM

Opening Bell :: Sensex rises 100 pts, tops 61,700-mark

9:13 AM

Commodity trade :: Crude oil, cotton slide in early deals

9:10 AM

Pre-Open session :: Nifty holds 18,350

9:08 AM

Pre-Open session :: Sensex hints at flat start

9:05 AM

Currency check :: Rupee opens stronger at 81.13/$

>> This is against Monday's close of 81.26/$

Source: Bloomberg

8:59 AM

Crypto meltdown | FTX underlines the risk of unregulated markets

In the wake of the bankruptcy, SBF’s fortune has just evaporated and he may also be criminally liable. In January this year, FTX had over a million registered users. It was the second-largest crypto-trading exchange trading billions of dollars daily.  READ MORE

Image source: Coinmarketcap.com

8:54 AM

Godrej Properties in focus :: Company achieves sales of Rs 500 crore in Pune project launch

>> It has achieved sales worth Rs 500 crore through the launch of its new project, Godrej Woodsville in Hinjewadi, Pune.

>> The company, till date, has sold over 675 homes, accounting for an area of over 6.90 lakh square feet for the project launched in September 2022.

8:50 AM

Stocks to Watch: Fusion MicroFinance, Srei, IRCTC

Earnings Watch: PTC India and Rajesh Exports to be in focus owing to the September quarter results.

 

Fusion MicroFinance: The stock is likely to debut on the bourses on a tepid note as indicated by the GMP (Grey Market Premium). The company’s IPO had received a lukewarm response and was subscribed 2.95 times, with retail quote seeing only 51 per cent bidding. READ MORE

8:47 AM

Tech call :: Mehul Kothari expects Ashok Leyland to break its all-time high

Ashok Leyland

 

Buy Above: Rs 154

 

Target: Rs 166

 

Stop Loss: Rs 148

 

The stock Ashok Leyland is on the verge of a breakout which will get confirmed above Rs 154. The daily RSI-14 has already crossed 50 mark and indicates strength. READ MORE

8:44 AM

FIIs, DIIs remain net buyers on Monday; Foreign investors pump in Rs 1,089 crore

8:42 AM

Currency check :: Rupee settles weaker on Monday

Source: Bloomberg

8:40 AM

Crude check :: Brent crude flat, WTI marginally down in early trade

8:39 AM

Domestic markets eye positive open; SGX Nifty up nearly 100 pts vs Monday's spot close

8:35 AM

Asian markets start higher; Hang Seng leaps 3% as Biden-Jinping meet exceeds expectations