Sensex Today: Stock Market Highlights Today: Nifty50 forms Hammer candle; all eyes on follow-up action

After a three day slide, the 30-share pack Sensex outperformed global peers and rose 503.27 points or 0.94 per cent to close at 54,321.87. Its broader peer, Nifty50, also added 144.35 points or 0.9 per cent to close comfortably above the 16,500 mark.

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The Bank Nifty bulls attacked the bear with full strength and surpassed the stiff resistance of 34,800. The range breakout happened on the last expiry of the may series and the momentum is likely to continue on the upside with immediate support at 34,800. The upside level of 36,000-36,500 can be achieved in the near term and traders should place aggressive long bets on any dip.

– Kunal Shah-Senior Technical & Derivative Analyst at LKP Securities

Markets staged a smart recovery in second half! Here’s a recap through the market recap for the day

What moved market today?

After the heavy sell-off market showed signs of exhaustion and could bounce for the short to medium-term. Technically, the broad market is in the oversold territory and fundamentally valuations are just below the three-year average. A key reason for the current correction is selling by FIIs and a reduction in domestic buying. A drop in FIIs selling will be an important reason for the bounce. For this, the actions to be undertaken by FED and RBI in June will be an important factor. Moreover, we should note that the fiscal measure announced by the Indian government to control inflation is positive for the domestic market.

— Vinod Nair, Head Of Research at Geojit Financial Services

FMCG only sectoral loser on NSE in today’s session

Sensex Heatmap: 25 of 30 index stocks end in the green

Sensex Heatmap: 25 of 30 index stocks end in the green

Closing Bell: Sensex snaps 3-day losing run, ends 503 pts higher; Nifty tops 16,150 on F&O expiry; InterGlobe rallies 11%; RIL down 1%

Moody’s upgrades Bharti Airtel to Baa3 from Ba1; outlook stable

Price as on 26 May, 2022 03:10 PM, Click on company names for their live prices.

JUST IN: ONGC offers stake in KG block to foreign firms

Price as on 26 May, 2022 03:02 PM, Click on company names for their live prices.

Billionaire Gautam Adani’s food venture is best-performing Asia IPO

India’s Adani Wilmar Ltd. is an outlier among Asia’s newly listed stocks. The food company has almost tripled since its debut while most newcomers are trading under water.

Shares in the firm, a joint venture between the group controlled by Asia’s richest person Gautam Adani and Singapore’s Wilmar International Ltd., have outperformed 121 Asian initial public offerings worth over $100 million this year. Almost two-thirds of the region’s new listings are in the red as rising interest rates and the war in Ukraine take a toll.

Market LIVE Updates: FMCG pack worst loser; these stocks decline from the index

Price as on 26 May, 2022 02:26 PM, Click on company names for their live prices.

These 6 stocks saw rise in profit margin for 4 quarters in a row. Worth a look?

JSW Energy, Tata Consumer Products and L&T Technology Services are among six top BSE500 stocks (excluding banking and financials), which saw improvement in profit after tax (PAT) margin over the last four successive quarters. Data showed five out of these six stocks also outperformed the BSE Sensex in the last one year. Analyst estimates on five of these stocks suggest upsides of up to 58 per cent.

Moody’s cuts 2022 GDP growth forecast to 8.8% from 9.1% earlier: Informist

Oil stocks lift European shares but rate-hike worries limit gains

  • European shares opened slightly higher on Thursday, helped by energy stocks on the back of gains in oil prices, even though sentiment remained subdued as major central banks signalled continued policy tightening to control rising inflation.

  • The pan-European STOXX 600 index rose 0.2% by 0718 GMT, with energy shares up 0.8% as crude prices climbed on tight supply.

Market LIVE Updates: Metal stocks rally up to 4%

Price as on 26 May, 2022 01:42 PM, Click on company names for their live prices.

Sensex today LIVE: Index rallies 400 points ahead of F&O expiry

Sensex today LIVE: Index rallies 400 points ahead of F&O expiry

All India Jet Airways’ Officers and Staff Association on Thursday said it has filed an appeal before the NCLAT against Jalan-Kalrock consortium’s resolution plan for the airline; stock hits 5% lower circuit

Price as on 26 May, 2022 12:48 PM, Click on company names for their live prices.

IPO UPDATE: Aether Industries IPO sails through on final day on QIB push

IPO UPDATE: Aether Industries IPO sails through on final day on QIB push


  • PAT at Rs 324 cr vs Rs 315 cr YoY
  • Revenue at Rs 1301 cr vs Rs 1283 cr YoY
  • EBITDA at Rs 429 cr vs Rs 422 cr YoY
  • Margin at 33% vs 32.9% YoY

Additional taxation may be the answer to the country’s inflation, says Mythili Bhusnurmath

L&T EduTech Signs MoU with AICTE; stock trades 2% lower

Price as on 26 May, 2022 11:27 AM, Click on company names for their live prices.

What foreign brokerages say on Jubilant FoodWorks, IndiGo, Coal India, Nalco

Jefferies has upgraded Jubilant FoodWorks to ‘Buy’ after the recent stock correction. BofA Securities has maintained a similar rating on Coal India citing Ebitda beat in Q4 on higher realisation. JPMorgan has maintained its ‘overweight’ stance on Nalco but has cut its earnings multiples to reflect increased policy risk. Credit Suisse maintained an ‘outperform’ call on InterGlobe Aviation (IndiGo) as it felt that the management commentary was strong, with March and April yield figures. Meanwhile, Nomura India has cut ratings for many IT stocks.

Affle India, VIP Industries, MOSL among top losers, tank up to 7%

Price as on 26 May, 2022 10:53 AM, Click on company names for their live prices.

Income Tax raids are underway at 35-40 premises in Gujarat. Raids are being conducted at premises of Asian Granito India: Sources (From Agencies)

Price as on 26 May, 2022 10:34 AM, Click on company names for their live prices.

Sensex Today LIVE: Sensex wipes off all gains, slips into the red

Sensex Today LIVE: Sensex wipes off all gains, slips into the red

Apollo Hospitals drops 5% as reorganisation of pharma biz drags Q4 profit down 46% YoY

Shares of Apollo Hospitals Enterprises declined 4.5 per cent in early trade on Thursday after the hospital chain firm said its consolidated profit after tax (PAT) declined by 46 per cent year-on-year (YoY) to Rs 90 crore for the fourth quarter ended on March 31, 2022. The health care provider had reported a PAT of Rs 168 crore in the January-March quarter of 2020-21 fiscal. The decline in net profit was due to provision for capital gains tax of Rs 88.2 crore relating to the reorganisation of its pharmacy distribution business.

Nomura downgraded Tata Consultancy Services and L&T Infotech to ‘reduce’ from ‘neutral’ and cut rating on Wipro, HCL Technologies and Persistent Systems to ‘neutral’ from ‘buy’. Infosys and Tech Mahindra are the only ‘buy’ rated stocks of Nomura in the IT sector.

Price as on 26 May, 2022 10:11 AM, Click on company names for their live prices.

Sensex Today LIVE: Index off day’s high, slips below 54,000 level

Sensex Today LIVE: Index off day's high, slips below 54,000 level

Rupee gains 3 paise to 77.52 against US dollar in early trade

The rupee appreciated 3 paise to 77.52 against the US dollar in the opening trade on Thursday as a positive trend in domestic equities and weak American currency overseas supported the local unit. However, rising crude oil prices in the international markets and continued foreign fund outflows kept the pressure on the domestic currency, forex traders said.

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

There are indications of market stabilising and consolidating around current levels. In the mother market, US, there is a strong view that the fears of recession are overdone. The S&P 500 bouncing back from the 19% correction from the peak is, perhaps, a message from the market that the steep correction is over.

For the Indian economy, elevated crude prices will continue to be a major headwind and sustained FPI selling, which can be expected to continue, will be a major hurdle for the market to rally.

Market trend continues to be uncertain and, therefore, what investors can do now is to buy high quality stocks for medium to long-term. Financials, particularly leading banks, are good buys for the medium to long-term.


Voda Idea, Coal India, MRPL among most active stocks on NSE

Price as on 26 May, 2022 09:20 AM, Click on company names for their live prices.

Sector Watch: FMCG, Realty pack only sectoral losers in opening session

Sector Watch: FMCG, Realty pack only sectoral losers in opening session

OPENING BELL: Sensex jumps 350 points, Nifty near 16,100; IndiGo rallies 6%, Torrent Pharma 5%

OPENING BELL: Sensex jumps 350 points, Nifty near 16,100; IndiGo rallies 6%, Torrent Pharma 5%

What to expect from Hindalco’s earnings today?

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 77 points, or 0.48 per cent, higher at 16,099.50, signaling that Dalal Street was headed for a positive start on Thursday.

Tech View: Nifty50 may see rangebound trading

Nifty50 on Wednesday fell for the third straight day and formed a bearish candle on the daily chart, in as many trading sessions. During the session the index managed to defend the 16,000 mark and continued its recent consolidation. Analysts said rangebound moves may continue in coming days and that any upside on Nifty50 will face hurdles at the 16,400 level.

Hong Kong shares open with gains

Hong Kong stocks opened on the front foot Thursday morning following a positive lead from Wall Street fuelled by an easing of fears about the Federal Reserve’s interest rate hike plans. The Hang Seng Index rose 0.50 percent, or 100.95 points, to 20,272.22. The Shanghai Composite Index edged up 0.13 percent, or 4.02 points, to 3,111.48, while the Shenzhen Composite Index on China’s second exchange added 014 percent, or 2.69 points, to 1,947.57.

Japan shares open higher after Wall Street gains

Tokyo stocks opened higher on Thursday following gains on Wall Street, despite ongoing worries over inflationary pressure due to the war in Ukraine. The benchmark Nikkei 225 index added 0.14 percent or 36.94 points to 26,714.74, while the broader Topix index rose 0.45 percent, or 8.43 points, to 1,885.01. The dollar stood at 127.30 yen, nearly flat from 127.26 yen on Wednesday in New York.

Oil firms on tight supply though EU ban on Russian oil still uncertain

Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world’s second-largest crude exporter, after it invaded Ukraine. Brent crude futures for July settlement inched up 7 cents, or 0.1%, to $114.10 a barrel at 0142 GMT. US West Texas Intermediate (WTI) crude futures for July delivery climbed 22 cents, or 0.2%, to $110.55 a barrel.

US stocks climb as Fed minutes show determination on rates

Stocks ended broadly higher on Wall Street Wednesday after minutes from the Federal Reserve’s most recent meeting signaled the central bank intends to move “expeditiously” to raise interest rates back to more neutral levels in its fight to tame inflation. The S&P 500 rose 0.9%, while the Dow Jones Industrial Average rose 0.6%. The Nasdaq climbed 1.5%. The indexes, which recovered after being in the red in the early going, are on pace for a weekly gain, despite more up-and-down trading this week.

Rupee edges up 2 paise to 77.54 against dollar

The rupee recovered 2 paise to settle at 77.55 against the US currency in a restricted trade on Wednesday as interventions by banks supported the local unit while a stronger dollar in overseas markets restricted the gains. The US dollar snapped its two days of losses ahead of the release of the minutes of the US Fed’s meeting this month. The US dollar index gained 0.4 per cent to 102.25 against a basket of six global currencies.

Sensex, Nifty on Wednesday

Extending the losing run to the third consecutive day, the Indian stock market’s benchmark Sensex closed 303 points down on Wednesday dragged by heavy selling pressure in IT stocks. The 30 stock S&P BSE Sensex slumped 303.35 points or 0.56 per cent to 53,749.26 points against its previous day’s close at 54,052.61 points. The broader Nifty 50 of the National Stock Exchange slumped 99.35 points or 0.62 per cent to 16,025.80 points.

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