Sensex ends 298 pts up, Nifty reclaims 18,200 led by Adani, auto, IT stocks

CLOSING BELL ON MAY 19, 2023: Shares of Adani Group rallied smartly after the SC reported said it could not pinpoint regulatory failure in the Adani-Hindenburg case.

9:19 AM

OPENING BELL: Sensex starts trade over 100 points higher

9:10 AM

PRE-OPEN SESSION: Sensex spurts over 100 points

9:07 AM

PRE-OPEN SESSION: Nifty50 above 18,200, up over 50 points

9:05 AM

Rupee opens at 82.7/$ as against previous close of 82.38/$

9:00 AM

Cracking the whip: Stricter rules against suspicious trading on cards

The Securities and Exchange Board of India (Sebi) has proposed new regulations to deal with suspicious trading activities—a move that will empower the market watchdog to go after entities making unusual profits without any fundamental basis. READ

8:55 AM

Margin expansion ahead for Colgate; brokerages await demand revival signs

The country's largest listed oral care company posted a gross margin expansion of 100 basis points (bps) on a sequential basis to 66.9 per cent, led by pricing and efficient sourcing. READ

8:51 AM

WATCH DECODED: What is the new TCS rule for credit cards?

8:45 AM

Bloomberg Alert: Vedanta in talks for at least $500 million worth loan

Vedanta in talks for at least $500 million worth loan.

8:40 AM

US, UK announce fresh sanctions on Russia ahead of G7 meet

In a fresh round of sanctions, the UK has announced a ban on Russian diamonds, alongside the military-industrial complex and metals amid the ongoing Ukraine war. The UK has imposed ban on imports of Russian-origin copper, aluminium and nickel ahead of G7 meet in Japan.

 

The United States has also announced new sanctions to "extensively restrict Russia's access to goods that matter for its battlefield capabilities," according to a US official.

8:36 AM

WATCH: Has the Nifty IT-NASDAQ correlation ended?

8:31 AM

Stocks to Watch today, May 19: ITC, Thomas Cook, Zomato, Nexus REIT, IndiGo

InterGlobe Aviation: InterGlobe Aviation, which operates India's largest airline, IndiGo, reported its highest ever fourth-quarter profit — of Rs 919 crore — in January-March FY23. In the same period of FY22, the airline had posted a net loss of Rs 1,681 crore. For FY23, the airline posted a net loss of Rs 305 crore as against a net loss of Rs 6,161 crore the previous financial year.

 

Nexus Select Trust REIT: Nexus Select Trust REIT Ltd will likely debut on the bourses on Friday. The initial public offer (IPO) was subscribed 5.45 times. 

 

Reliance Industries: Chinese fashion e-commerce platform Shein is expected to make a second entry into India and has tied up with Reliance Retail for this, according to a Business Standard report. The source said as part of the tie-up, Shein would source goods from India for its global operations. READ

8:27 AM

Sell Nifty Energy, Commodities indices on rise, suggest charts

According to Ravi Nathani, an independent technical analyst, the Nifty Energy index can dip towards the 23,000 level, while Commodities index could test 5,605 on the downside. READ

8:23 AM

F&O Strategy: Go for Bull Spread on Bank Nifty, recommends HDFC Securities

Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities, recommends to Buy Bank Nifty 43,800 Call option and simultaneously Sell 44,300 Call of the May series. READ

8:20 AM

DIIs sell Rs 850 crore of shares Thursday

8:17 AM

FIIs pump in Rs 970 crore in cash market Thursday

Total FII inflows this month at Rs 75,076 crore.