Share Market Live: Sensex Adds Over 650 Points; Nifty Reclaims 17,300

A man touches a bronze bull statue at the Bombay Stock Exchange (BSE) in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

LIVE FEED

Closing Bell

India’s stock benchmarks advanced, aided by gains in Reliance Industries Ltd., HDFC Ltd., HDFC Bank Ltd. and auto stocks. This is the second consecutive session in which the Sensex and Nifty added over 1%. This is also the best day for the measures in over two weeks.

The S&P BSE Sensex rose over 1.5% to 57,911.68. The 30-stock gauge added over 950 points to an intraday high of 57,991.53. The NSE Nifty 50 advanced by similar magnitude to 17,392.60.

The move was the biggest since rising 2.2% on April 4.Eicher Motors Ltd. had the largest increase, rising 4.5%. Today, 42 of 50 shares rose, while 8 fell.

The broader indices underperformed their larger peers, with both S&P BSE MidCap and S&P BSE SmallCap rising 1.3%. Barring S&P BSE Metal, all the other 18 sectoral indices compiled by BSE Ltd. advanced, with S&P BSE Auto index gaining over 2%.

The market breadth was skewed in the favour of bulls. About 2,309 stocks advanced, 1,109 declined and 103 remained unchanged.

Supreme Court Directs Status-Quo On Interim Order Of Bombay High Order Asking Uber India To Apply For License

Supreme Court issues notice on Uber India’s appeal against Bombay High Court order asking it to apply for a license.

Supreme Court has directed status-quo on the interim order of the high court.

On March 7, the high court had directed cab aggregators such as Ola, Uber to apply for licences as per Motor Vehicles (Amendment) Act to carry on business

Rupee Little Changed, 10-Year Yield Rises

Tata Elxsi Rises Most In Three Weeks On Sequential Growth In Q4 Net Profit, Revenue

Shares of Tata Elxsi rose nearly 5%, the most in nearly three weeks after the company reported sequential growth in net profit and revenue in quarter-ended March, post market hours on Wednesday.

Trading volume was twice the 30-day average at this time of the day.

Tata Elxsi Q4 FY22 (Consolidated, QoQ)

  • Net profit up 6% to Rs 160.01 crore vs Rs 150.95 crore

  • Revenue up 7.29% to Rs 681.74 crore vs Rs 635.41 crore

  • EBITDA up 4.92% to Rs 218.07 crore vs Rs 207.84 crore

  • EBITDA margin at 31.9% vs 32.7%

  • Dividend of Rs 42.50 per equity share announced

Source: Exchange filing, Bloomberg

HDFC AMC On Course For Longest Ever Losing Streak

Shares of HDFC Asset Management Co. fell for 11th day in a row, on course for longest losing streak since the company went public on Aug. 6, 2018.

  • The stock has shed 11% over the past 11 sessions compared to 4.6% loss for Sensex.

  • The company is scheduled to report its March-quarter earnings on April 27.

Source: Bloomberg

PNC Infratech Climbs Most In Two Months On Rs 37 Crore Bonus Award For Early Completion Of Project

Large Trade: L&T Finance Holdings

Hindalco Falls On Weak Alcoa Earnings, Demand Concern

HDFC Bank Surges To Day’s High

VRL Logistics Surges 20% In Three Days

European Markets Open Higher

Credit Suisse Initiates Coverage Of JB Chemicals With ‘Outperform’; Shares Volatile

Putin Hails “Successful Liberation” Of Mariupol, Reports AFP

Mid-Day Market Update: Sensex Adds Over 750 Points; Nifty Rises Above 17,350

Bharti Airtel Chairman Sunil Mittal Requests Government To Keep Spectrum Price Affordable

Varroc Engineering Adds 12% In Five Days

Rupee Pares Losses; India Bond Yield Rises

Stock-Broking Companies Surge After Angel One Earnings; ICICI Securities Bucks Trend After Q4 Miss

Atul Auto Climbs Most In Nine Months On Collaboration To Develop EVs With Battery Swapping Solution

Ramkrishna Forgings Surges On Rs 33 Crore Export Order

Dhanlaxmi Bank Signs Pacts With CBDT, CBIC; Bank Authorised By RBI To Collect Various Taxes

ITC Plans To Acquire Stake In Blupin Tech To Expand Foray In Mother & Baby Care Segment, Stocks Rises

India 4-Year Yields Higher

Nestle India Shares Decline As March Quarter Net Income Misses Estimate

Rainbow Children’s Medicare IPO To Open On April 27

Rupee Trims Losses, 10-Year Yield Rises

Gland Pharma Rises The Most In Five Months

Energy, Realty Stocks Advance

Metal Stocks Buck The Trend

Reliance Industries Surges To Record After Morgan Stanley Sees 20% Upside Due To Hydrogen Boost

Large Trade: Gland Pharma

Opening Bell: Sensex, Nifty Open Higher; Reliance Hits 52-Week High

In Focus: Brokerage Stocks As Angel One & ICICI Securities Post Profit Growth

Bond Traders Await Rs 32,000 Crore Debt Supply

Morgan Stanley Sees 20% Upside For RIL Due To Hydrogen Boost

Earnings Post Market Hours

SGX Nifty Rises; Tata Steel, Oil India, L&T, Tata Elxsi, Glenmark Life In Focus

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Eid-ul-Fitr moon sighting highlights: Saudi Arabia, India may mark Eid same day

Eid-ul-Fitr 2022 moon sighting highlights: There is a wafer-thin chance that Muslims…

As Washington ramps up efforts to bring India on board with sanctions against Russia, U.S. treasury official on visit to Mumbai and Delhi

U.S. Assistant Secretary to discuss Russian oil purchases by India, rupee-rouble trade…

सड़क, रेल, 5G… अरुणाचल बॉर्डर से सटे तिब्‍बत में क्‍या-क्‍या गुल खिला रहा चीन, सेना ने सब बताया

Edited by दीपक वर्मा | भाषा | Updated: May 17, 2022, 1:08…

India Shelves ₹35,000 Cr Plan To Upgrade Su-30 Fighter Fleet Amid Russia-ukraine War | Mint

NEW DELHI : Several factors have shelved the Indian Air Force’s plan…