Sensex Today LIVE Updates: Sensex gains 700 points, Nifty above 17,200; HUL jumps 4%, Asian Paints 3%; Media index tanks 3%

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Top 10 losers on NSE in afternoon session

Price as on 28 Apr, 2022 01:24 PM, Click on company names for their live prices.

Top 5 Nifty gainers and losers at this hour

Sensex today live: Sensex surges 600 points on gains in HUL, Asian Paints

Sensex today live: Sensex surges 600 points on gains in HUL, Asian Paints

Nifty expensive even at 17K; sell in May & go away good idea: Nikhil Kamath

Even after the recent correction that took Nifty below the 17,000 mark on Wednesday, Zerodha and True Beacon co-founder Nikhil Kamath is of the belief that the stock market is expensive and there is room for correction. Amid the ongoing exodus by foreign investors, the trader-turned-broker said it’s a good thing to follow the adage of ‘sell in May and go away’. “I think that’s (‘Sell in May and go away’) generally a good thing to do. I am a proponent of that, even when the market is around 17,000. There is a room for correction. Markets are expensive. So that might not be the worst idea in the world,” Kamath said when asked to comment on whether he might see another month of selling at least in the cash market.

Nifty expensive even at 17K; sell in May & go away good idea: Nikhil Kamath

Market LIVE updates: Nifty tops 17,200

Market LIVE updates: Nifty tops 17,200

Live market updates: Rainbow IPO subscribed 39% so far on Day 2

  • Retail portion subscribed the most at 63%
  • HNI portion subscribed 25%
Live market updates: Rainbow IPO subscribed 39% so far on Day 2

IT company Cyient on Thursday said it will acquire Singapore-based Grit Consulting for USD 37 million (about Rs 284 crore) in an all-cash deal.

Price as on 28 Apr, 2022 12:20 PM, Click on company names for their live prices.

Q4 EARNINGS: VARUN BEVERAGES

  • Revenue: Rs 2867.4 cr vs Rs 2269.8 cr
  • Profit: Rs 271 cr vs Rs 136.7 cr
  • Board recommended Bonus issue of equity shares in the proportion of 1:2
Q4 EARNINGS: VARUN BEVERAGES

Sensex today live: Index extends gains, rallies over 400 points

Sensex today live: Index extends gains, rallies over 400 points

Market live updates: FMCG stocks gain today; HUL, Varun Beverages top gainers

Price as on 28 Apr, 2022 11:36 AM, Click on company names for their live prices.

HUL zooms 4% as Jan-Mar earnings healthy despite huge inflationary pressures

Hindustan Unilever (HUL) jumped 3.99 per cent in early trade Thursday as the FMCG heavyweight reported a 5.34 per cent increase in consolidated net profit in Jan-Mar to Rs 2,307 crore. Investors cheered the fact that the firm managed to post the increase in net profit despite flat volume growth on account of significant inflationary pressures posing a risk to margins. HUL has now become a Rs 50,000 crore turnover company.

Mahindra Lifespace shares rally nearly 8% after earnings announcement

Shares of Mahindra Lifespace Developers Ltd jumped nearly 8 per cent in morning trade on Thursday, after the company reported a consolidated net profit of Rs 154.5 crore for the last fiscal. The stock gained 6.17 per cent to Rs 392.60 on the BSE. At the NSE, it rallied 7.66 per cent to Rs 398.20. It had reported a net loss of Rs 71.7 crore in FY21.

Sensex LIVE today: Index off day’s high

Amid losses in Bajaj twins and select IT stocks, the benchmark Sensex came off day’s high although it was still trading in the green. High volatility is likely on account of monthly F&O expiry.

Sensex LIVE today: Index off day's high

BLOCK DEAL IN HDFC LIFE: 25.1 lakh shares change hands

Price as on 28 Apr, 2022 10:27 AM, Click on company names for their live prices.

Market live updates: Nifty Media pack bleeds 3%

Barring Inox Leisure, all index constituents in the red. TV18 Broadcast and Network18 are the top losers.

Market live updates: Nifty Media pack bleeds 3%

Ashish Kacholia acquires additional stake in Barbeque-Nation

Indian Hotels soars 5% on reporting profit in Q4 vs loss a year ago

Shares of Indian Hotels Company (IHCL) shot up 5.4 per cent in early trade on Thursday as the Tata group hospitality firm reported a consolidated net profit of Rs 71.57 crore in the fourth quarter ended March 31, 2022. The company had posted a consolidated net loss of Rs 97.72 crore in the same period previous fiscal.

The company’s share price climbed to a high of Rs 248.55 as against Rs 235.85 at the previous close on the BSE. The hotel chain reported revenue from operations of Rs 872 crore in Q4FY22 compared with Rs 615 crore in the corresponding period of the previous fiscal.

Indian Hotels soars 5% on reporting profit in Q4 vs loss a year ago

Volatile gold prices could dampen Indian demand in Q2: WGC

India’s gold demand is likely to remain soft in second quarter after falling 18% in the first quarter as retail purchases during a key festival early next month could be below normal because of volatile prices, the World Gold Council (WGC) said on Thursday.

Lower purchases by the world’s second biggest gold consumer could weigh on prices, which are trading near their lowest level in two months. But falling demand for gold imports could help narrow India’s trade deficit and support the ailing rupee. (Source: Reuters)

Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

A clear trend in markets now, in developed markets as well as in India, is the preference for value stocks over high-priced growth stocks. This is partly a reflection of risk aversion among investors in the present context of mounting challenges posed by the expected aggressive tightening by the Fed and the uncertainties arising from the Ukraine war that is getting prolonged.

Dollar index at 103 indicates flight to safety and this implies that FPIs will continue to sell in this market. Sell on rallies is likely to be the texture of this market in the near term. Long-term investors who can ignore short-term gyrations in the market can buy high quality stocks in banking and IT which are depressed due to FPI selling.

Market LIVE Updates: Forex market update

– Rupee slips 3 paise to 76.60 against US dollar in early trade

Check out the most active stocks on NSE in early trade

Price as on 28 Apr, 2022 09:20 AM, Click on company names for their live prices.

Sector Watch: FMCG, pharma top sectoral performers on NSE

Sector Watch: FMCG, pharma top sectoral performers on NSE

Sensex Heatmap: Only 5 index stocks in the red in opening trade

Sensex Heatmap: Only 5 index stocks in the red in opening trade

Market LIVE Updates: Sensex gains 300 points, Nifty above 17,100; MRPL jumps 6%, HUL 2%

Pre-open session: Sensex rises 450 points; Nifty nears 17,200

Axis Bank, SBI Life and Vedanta among cos to report Q4 results today

Axis Bank, SBI Life and Vedanta  among cos to report Q4 results today

Market LIVE Updates: SGX Nifty signals negative start

Nifty futures on the Singapore Exchange traded 15.50 points, or 0.09 per cent, lower at 17,055.50, signaling that Dalal Street was headed for a negative start on Thursday.

Tech View: Nifty50 hurdle seen at 17,150 level

Nifty50 on Wednesday saw selling pressure at its 50-day simple moving average but managed to recover some of the lost ground, forming a bearish candle on the daily chart.Analysts said there are good chances that the index may see some more downside but advised traders to remain neutral for now. They see 17,150 levels as the immediate hurdle for the markets.

Gold hovers near 2-month low as dollar stays elevated

Gold prices weakened on Thursday towards a two-month trough hit in the previous session, as the US dollar steadied near five-year highs, hurting demand for greenback-priced bullion. Spot gold was down 0.1% at $1,885.20 per ounce, as of 0038 GMT. U.S. gold futures were also down 0.1% at $1,886.40.

Dollar nears two-decade peaks as problems plague euro, yen

The dollar was nearing heights not seen in two decades on Thursday as the energy crisis in Europe hamstrung the euro, while the yen was undercut by expectations the Bank of Japan would stick to its super-easy policies. Measured against a basket of currencies, the dollar index had reached a five-year top of 103.28 and a further push above 103.82 would see it to levels not visited since late 2002.

Market LIVE Updates: Hong Kong stocks kick off with gains

Hong Kong stocks opened with gains Thursday morning following a broadly positive lead from Wall Street and Europe and after Chinese officials made further commitments to provide support to the country’s economy. The Hang Seng Index rose 0.86 percent, or 172.43 points, to 20,118.79. But the Shanghai Composite Index dipped 0.42 percent, or 12.47 points, to 2,945.81, while the Shenzhen Composite Index on China’s second exchange dipped 0.55 percent, or 10.09 points, to 1,811.30.

Tokyo shares open higher

Tokyo shares rose in morning trade on Thursday after US indices avoided further sharp falls, relieving investors who also cheered solid corporate earnings. The Nikkei 225 index opened flat then firmed 0.42 percent, or 110.19 points, to 26,496.82, while the broader Topix index added 0.70 percent, or 13.05 points, to 1,873.81. The dollar stood at 128.46 yen, barely changed from 128.43 yen on Wednesday in New York.

Market LIVE Updates: US stocks end mixed after wobbly day on Wall Street

US stocks on Wall Street managed only meager gains Wednesday, after a broad rally led by technology companies faded by late afternoon, leaving the market little changed a day after a big sell-off. The S&P 500 rose 8.76 points to 4,183.96, while the Dow added 61.75 points to 33,301.93. The Nasdaq slipped 1.81 points to 12,488.93.

Rupee settles flat 76.57 amid strong dollar, high crude prices

The rupee pared its early losses to settle almost flat at 76.57 against the US dollar on Wednesday on expectations of higher dollar inflows. However, a weak trend in domestic equities and the strength of the greenback in the overseas market weighed on the local unit, forex traders said. At the interbank forex market, the domestic unit opened at 76.69 against the US dollar and touched an intra-day high of 76.50. It finally closed at 76.57, down by just 1 paisa over its previous close of 76.56.

Market LIVE Updates: Sensex, Nifty on Wednesday

Benchmark stock indices Sensex and Nifty tumbled nearly 1 per cent on Wednesday due to profit booking in banking, financial and IT stocks after a recent rally. The 30-share BSE Sensex plunged 537.22 points or 0.94 per cent to end at 56,819.39 as 24 of its stocks declined. During the day, it tanked 772.57 points or 1.34 per cent to touch a low of 56,584.04. The broader NSE Nifty declined by 162.40 points or 0.94 per cent to 17,038.40 with 39 of its constituents ending in the red.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day





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