Sensex rises 170 pts, Nifty tops 17,800; GSFC leaps 20%, MCX crashes 6%

CLOSING BELL: There were 21 gainers of the 30-pack index, and 33 on the 50-pack index, led by Power Grid, Nestle India, Tata Consumer Products, IndusInd Bank, L&T, HCL Tech, Tata Motors, SBI Life, HUL

10:50 AM

'Very, very comfortable': Anil Agrawal on Vedanta being over-leveraged

Elaborating on the debt repayment plans, he said that Vedanta Resources Limited would repay its obligations through a combination of dividend and royalties. READ MORE

10:39 AM

S&P upgrades Tata Motors' long-term issuer, issue credit ratings to 'BB'

A "BB" rating signifies that the entity is less vulnerable in the near-term but faces major ongoing uncertainties due to adverse business, financial and economic conditions. READ MORE

10:20 AM

Triveni Turbine surges 4%, nears record high on healthy business outlook

ICRA upgraded the long-term rating of the bank facilities of TTL on expectation of improvement in revenues, operating profits, and robust debt coverage metrics in FY2023-FY2024. READ MORE

10:10 AM

Shares of Gujarat PSUs in demand; GMDC, GSFC, GACL rally up to 10%

Gujarat government on Tuesday has announced a new policy for minimum level of dividend distribution and bonus shares to shareholders for listed companies and PSUs of the state. READ MORE

9:58 AM

EXPERT COMMENT: Markets likely to remain range-bound over the near-term

>> There are three indicators from the market which are significant: One, the volatility index, India VIX is at 11.52, near three-year lows. Two, sustained FPI selling in the earlier months of this year has stopped and FIIs have turned buyers this month, though moderately. Three, India’s premium to MSCI World Index is down to 15% indicating removal of froth in valuation

>> The takeaway from these three indicators is that there is no significant downside to the market in the near-term. There are no triggers for a sharp up move either. So the possible near-term trend is a range-bound movement, within which there can be sharp responses to Q4 results and management commentary
 

>> Data on US inflation and GDP expected this week will have an impact on global markets and on India, too

>> Results of US tech majors have been good. If the US disinflation trend indicates a steady decline, that can be positive trigger for equity markets globally

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

9:51 AM

Zomato inks pact with Zypp Electric for delivery of 1 lakh e-scooters, stock up 1%

The company signed an agreement with Zypp Electric, an electronic vehicle (EV) start-up for the delivery of 1 lakh e-scooters by 2024.

9:46 AM

Mahindra CIE soars 8% after net profit surged 73% YoY in Q4FY23

9:43 AM

Rallis India falls 3% after Q4FY23's losses expand to Rs 69.13 crore

9:40 AM

Profit-booking in AU SFB after it saw 23% YoY rise in net profit in Q4FY23

9:37 AM

Nifty Metal worst sectoral performer, weighed by Jindal Steel, Hindalco

9:33 AM

Smallcaps outperform benchmark indices; India VIX jumps 2%

9:28 AM

Maruti Suzuki flat ahead of Q4FY23 results

9:25 AM

Hindalco, JSW Steel, Adani Ports top Nifty50 laggards

9:22 AM

TCS, Eicher Motors, SBI Life top Nifty50 leaders

9:20 AM

SENSEX HEATMAP: 18 out of 30 index counters open in positive territory