Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip

CLOSING BELL: Among sectors, the Nifty Private Bank, Realty, and Auto indices gained around 1.7 per cent each

10:35 AM

How will the markets interpret the outcome of Karnataka assembly polls?

The outcome of a state election, analysts believe, does not necessarily determine the outcome of the national elections. READ MORE

10:21 AM

Equitas Small Finance Bank zooms 8% on solid March quarter results

Equitas SFB reported a 58 per cent jump in its net profit for the March quarter at Rs 190 crore, which was the lender's highest-ever profit. READ MORE

10:11 AM

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

>> Support from global markets and sustained FII buying can revive positive market sentiments which were impacted by heavy delivery selling of Rs 4500 crores in HDFC twins last Friday. It is important to note that the fundamentals of the HDFC twins are strong and the selling was triggered by fears of outflows after the merger due to MSCI weighting update.

>> Cues from the mother market US indicate that the fears from the regional banking crisis are receding. The April US jobs data, which came at a much better-than-expected 253000 jobs reflect a strong economy which may even avoid a recession.
 

>> FIIs have been continuous buyers in India during the last seven trading sessions, cumulatively buying equity worth Rs 11700 crores. Rupee appreciation is aiding FII buying.

10:00 AM

Paytm soars over 5% on narrowing losses in Q4; stock up 50% in six months

The company reported a net loss of Rs 168 crore for Q4FY23 as against a net loss of Rs 763 crore in the year ago quarter. READ MORE

9:55 AM

Coal India down 3% as Q4 net drops on higher wages; analysts remain divided

Shares of state-owned Coal India Ltd fell 2.7 per cent to Rs 230.7 per share in the intra-day trade on Monday after the world's biggest coal miner reported a  17.7 per cent drop in its March quarter net profit on higher provision made for wage revision of employees. READ MORE

9:49 AM

Bharat Forge rises 2% on management rejig; Kedar Dixit to take CFO role

Kishore Saletore will step down from the post of chief financial officer (CFO) with effect from closure of business hours on Friday, June 30, 2023. The Board has approved the appointment of Kedar Dixit as CFO and Key Managerial Person of the Company with effect from Saturday, July 1, 2023.

9:46 AM

Amara Raja up 3% after it launches Gigafactory in Telangana

The company has begun work on ‘Amara Raja Giga Corridor’ that aims to produce Lithium Cell and Battery Packs with an ultimate capacity of up to 16GWh, and up to 5GWh, respectively.

9:38 AM

PNC Infratech surges 3% after it won contract from Haryana Orbital Rail Corporation

The company has won an EPC project worth Rs 771.46 crore from Haryana Orbital Rail Corporation.

9:34 AM

ABFRL gains 1% after it acquires controlling stake in TCNS Clothing

Aditya Birla Fashion and Retail (ABFRL) has entered into a definitive agreement to acquire controlling stake (51 per cent) in TCNS Clothing for Rs 1,650 crore. 

9:31 AM

Shares of private bank, realty upbeat; PSBs down

9:25 AM

Midcaps, smallcaps climb up to 0.5%; India VIX jumps 3%

9:21 AM

SENSEX HEATMAP: Only 3 out of 30 index counters slip in red

9:19 AM

OPENING BELL: Sensex starts over 250 points higher, above 61,350

9:18 AM

OPENING BELL: Nifty50 opens over 50 points higher, above 18,150

9:09 AM

PRE-OPEN SESSION: Sensex climbs over 100pts, above 61,150 levels