Sensex soars 274 pts, Nifty near 19,400 as Bajaj Fin leaps 7%, Hero Moto 5%

Closing Bell on July 4, 2023: The rally was led by Bajaj Finance, Bajaj Finserv, Hero Moto, Tech M, TCS, Wipro, Sun Pharma, Kotak Bank, Infosys, Cipla, HCL Tech, SBI, HDFC twins, and ICICI Bank

2:00 PM

Consumer demand revival may take one more year despite moderating inflation

RBI's MPC said going forward, the inflation trajectory would be guided by food dynamics. READ MORE

1:49 PM

Market Check:: Nifty Financial Services index up over 1% ahead of weekly options expiry

1:38 PM

PNB, Bank of Baroda: 5 stocks in PSU Bank index that can rally up to 17%

Nifty PSU Bank index has surged close to 8 per cent in last three sessions, setting five months high surpassing previous significant barrier. Technically, the current momentum indicates a rally to reach a new all-time high. READ MORE

1:27 PM

Market Check:: Sensex hits fresh high, up over 400 points

1:20 PM

Asian Market Update:: A mixed day; Nikkei slips 1%

Source: Yahoo Finance

1:11 PM

Australian central bank leaves benchmark cash rate at 4.1%, warns of hikes

Australia's central bank left its benchmark interest rate at 4.1% at a policy meeting Tuesday after inflation fell to 5.6% in May from 6.5% a month earlier. READ MORE

1:02 PM

Hero Moto up 3% as bookings will open for Harley Davidson X440 from 4:40 pm onwards

12:50 PM

Sale of mid-segment homes overtakes affordable in India: Knight Frank

At the same time, since the first half of 2018, the sale of premium homes in India has gone up over 143%. READ MORE

12:41 PM

India firms' deleveraging to slow down; little room for rating upgrade: S&P

Rated companies in good credit shape due to growth and accommodative balance sheets, says agency. READ MORE

12:29 PM

How do brokerages view Reliance Jio's new feature phone offering?

Brokerages estimate that the launch of 'JioBharat' phones could disrupt the 2G market, and delay the tariff hike discussions in the near-term. READ MORE

12:19 PM

ALERT :: Rama Steel Tubes says Q1FY24 sales volume grew 62% YoY to 48,437.69 tonne

12:15 PM

Despite market volatility, 36% increase crypto allocations: Binance survey

A minority (17.3%) decreased their crypto allocation. Unsurprisingly, the main concerns of survey participants are regulatory risk (29.7%), counterparty risk (21.6%), custody of assets (15.7%). READ MORE

12:08 PM

ALERT :: HPL Electric & Power leaps over 15% on order win worth Rs 903 crore

>> HPL Electric & Power Ltd. (HPL), a leading provider of electrical equipment and solutions, announced acquisition of Rs 903 crore (inclusive of Tax) smart meter orders.

>> These orders further bolsters HPL's total pending pipeline order book, now totaling Rs 2,250+ crore as of the date.
 

11:58 AM

Pharma stocks rally on lower price erosion, hopes of US generic mkt uptick

Pharma players with a major exposure to US mkt such as Sun Pharma, Lupin, Zydus Life, Dr Reddy's, Aurobindo, Torrent have been outperformers hitting their 52-week highs over the last couple of weeks READ MORE

11:49 AM

Untimely rains dent summer sales; to keep durable stocks in check: Analysts

With sales of cooling products turning out dismal this summer due to unseasonal rains, the stocks of related companies are now off their March highs. 

 

Shares of fan and air conditioner makers such as Voltas, Symphony, Orient Electric, Johnson Controls-Hitachi Air Conditioning and Crompton Greaves are down 5-23 per cent since March when the summer season saw a firm onset. READ MORE