Sensex rises 157 pts, Nifty atop 17,300; Nifty Metal index up 3%, FMCGs dip

CLOSING BELL: JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer Products, Shree Cement, and Wipro were the top gainers

12:41 PM

Manyavar, Cipla: 11 stocks that could hold ground even if market corrects

Amid the recent market fall,11 stocks hit record highs. Whenever any stock exhibits reluctantance to weaken despite a pessimistic bias, it means the underlying trend possesses a robust momentum. Read here

12:29 PM

US looking to ease sanctions on Venezuela to boost oil supply: Report

The deal may be announced by the end of October and will allow US oil companies to drill oil in Venezuela, Nicolas Maduro will hold a free, fair presidential elections in 2024 in return. Read here

12:17 PM

This PSU stock outperforms market, surges 40% in five trading days

In the past three months, the market price of MDL more-than-doubled or zoomed 136 per cent, as against 9 per cent rise in the S&P BSE Sensex. Read more

12:07 PM

Asian indices trade mixed; Hang Seng underperforms

Mainland China markets are closed for a holiday this week.

11:57 AM

Oil prices to top $100 per barrel mark on OPEC+ output cut: Analysts

The OPEC+ on Wednesday announced its decision to cut crude oil output by 2 million barrels per day, the new production cap levels will come into force from November 2022. Read more

11:43 AM

RIL-backed Viacom18 Media to stream FIFA World Cup on Jio Cinema for free

The commentary for FIFA matches will be available to users in English, Hindi, Malayalam, Bengali, and Tamil. Read here

11:29 AM

Loan for 20 years, EMIs for 24: RBI rate hikes leave borrowers in a fix

If a person took a 20-year home loan of Rs 50 lakh in April 2019, their number of EMIs will now be 60 more than the original because of the recent repo rate hikes. Read here

11:20 AM

Risk-reward is still favourable for the long-term: ICICI Pru Life Insurance

Nifty's earnings are in high teens and this premium growth merits higher valuations, says Manish Kumar, CIO of ICICI Prudential Life Insurance. Read more

11:07 AM

MARKET CHECK | Sensex extends gains, up 450 pts

10:56 AM

PMI services growth slumps to 6-month low of 54.3 in Sept as demand slows

Growth in India's services industry slumped in September to a six-month low, led by a substantial easing in demand amid high inflation. Read more

10:42 AM

Godrej Consumer slips 7% post September quarter business update

The company expects their EBITDA to decline in mid-teens in the September quarter of FY23, due to consumption of high-cost inventory, high marketing spends and weak Indonesia performance. Read here

10:29 AM

Bharat Forge surges 8% on reports of strong US Class 8 truck orders

According to media reports, preliminary North American Class 8 net orders for September soared to 56,500 units, the most-ever for a single month. Read more

10:15 AM

Zee Entertainment gains 6% after CCI's conditional nod for merger with Sony

Analysts believe that the approval paves way for the consummation of the merger by Q4 of this fiscal year. Read here

10:00 AM

COMMENT | US signalling base case scenario of a short and mild recession

The mother market US is now signalling a base case scenario of a short and mild recession. That’s why markets are bouncing back sharply from oversold levels.

And whenever there is a rally in US markets, India is outperforming reflecting the resilience of Indian economy and markets.

Investors should not be carried away by the rallies because there are major challenges for the global economy and markets.

In a stable environment markets will respond to Q2 results which will start flowing in from October 10th onwards.

Financials, particularly leading banks, leading NBFCs and fintech company, automobiles particularly CV, PV, tractors and high end motorcycle manufacturers will post good results.

IT results are likely to be good but market response will depend on the management commentary. In other segments telecom, capital goods, select FMCG and construction related segments are likely to post good numbers.

Views by V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

9:52 AM

Atul Auto rises 3%; board to consider fund-raise on Oct 8