Sensex adds 529pts, ends near 66,600; Nifty at 19700; SBI up 3%, HDFC Bk 2%

CLOSING BELL on July 17: The benchmark S&P BSE Sensex notched a new high of 66,656 in the intra-day trade, while the Nifty50 hit a new record high of 19,732

10:06 AM

Angel One dips 7% as NSE bars onboarding of new authorised persons

Angel One said NSE's order does not affect the existing business or the activities of the APs affiliated with the company. READ MORE

9:57 AM

EXPERT COMMENT | Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Stock markets often surprise, both on the upside and downside. A month ago Nifty crossing 19500 appeared a tall task since the Fed continued to be hawkish, US bond yields were rising and the dollar was strong in the backdrop of a slowing global economy. But the scenario has changed with US consumer inflation declining more-than-expected to 3% giving hopes that the Fed is near the end of the rate hiking cycle. Consequently, the US 10-year bond yield has sharply dipped from 5.1%to 4.7% and the Dollar Index has crashed by nearly 4% from 103.57 to 99.9. This is positive for emerging markets like India, which are likely to witness more capital flows. In July through 14th FPIs have invested Rs 30660 crores in India inclusive of bulk deals and investment through primary market. This reflects the increasing FPI confidence in the Indian economy and markets.

 

Investors should remember the fact that from the short term perspective valuations are stretched. But a lesson from market history is that liquidity surge can keep the valuations elevated for an extended period of time.

9:52 AM

LTIMindtree gains 1% ahead of Q1FY24 results

9:45 AM

J&K Bank approves fundraise via equity capital & NCDs; stock rises 1%

9:39 AM

D-Mart declines 1% as Q1FY24 misses Street estimates

9:34 AM

Angel One tumbles 5% as NSE slaps Rs 1.67 crore penalty

9:31 AM

Route Mobile soars over 7% after promoters plan to sell entire stake

9:27 AM

Bandhan Bank's net profit falls 19% YoY in Q1; stock down 2%

9:26 AM

JSW Energy slips 2% as company registers 48% drop in Q1 net profit

9:23 AM

Media, pharma stocks trade firm; Banking, financial services shares weak

9:22 AM

Broader indices outperform; India VIX jumps 4%

9:20 AM

SENSEX HEATMAP | 8 out of 30 index counters in red; Power Grid top lead

9:18 AM

OPENING BELL | Sensex trades above 66,100; up over 50 pts

9:17 AM

OPENING BELL | Firm start for Nifty50, advances above 19,550

9:10 AM

PRE-OPEN SESSION | Nifty50 atop 19,600-mark, up 50-odd points