Sensex Today Live: Indian shares rose on Friday, joining a global rally that has been driven by strong retail earnings outlooks in the United States and waning concerns about overly aggressive rate hikes. Gains were seen across the board, with all major Nifty sub-indexes trading in positive territory. The Nifty metal index rose 1.65%, while the IT sub-index gained 1.62%.
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Joining the global rally, the investors were in a buying mood following favourable retail earnings in the US. Receding FII selling also provided comfort to the domestic market in bringing down volatility. The RBI’s upcoming policy meeting will be a key factor in the market, where they are expected to announce an additional policy rate hike of 25-35bps.
– Vinod Nair, Head Of Research at Geojit Financial Services
Barring Nifty Metal, all sub indices on NSE close on a positive note
Nifty50 ends near day’s high
Sensex Heatmap: 22 of 30 index stocks settle in the green
CLOSING BELL: Sensex surges 632 pts; Nifty ends above 16,350; Dr Lal Pathlabs zooms 10%, Godrej Inds 9%
Board of Directors of Siemens approved the sale and transfer of the company’s Large Drives Applications business (“LDA Business”) to Siemens Large Drives India Private Limited (a subsidiary of Siemens Large Drives GmbH, which in turn is a subsidiary of Siemens AG), as a going concern on a slump sale basis, with effect from 1st July, 2022, for a cash consideration of Rs 4,400 million.
Price as on 27 May, 2022 02:53 PM, Click on company names for their live prices.
IT stocks in demand, rally up to 7%
Price as on 27 May, 2022 02:47 PM, Click on company names for their live prices.
Market LIVE Updates: Delhivery shares rally 7% on getting patent for its tech product Addfix
Shares of Delhivery rallied 7% in Friday’s trade after the company said it was granted a patent for its proprietary technology product Addfix. The patent covers Delhivery’s innovation in address verification and location mapping – ‘System and method for validating geographic location accuracy for an address.’
Is steel sector still a strong bet?
— JP MORGAN
Allcargo Logistics Q4 profit jumps to Rs 247 cr
Allcargo Logistics on Friday reported nearly five-fold rise in consolidated net profit at Rs 246.85 crore for quarter ended March 31, 2022. The company had posted a net profit of Rs 53.71 crore for the year-ago period, Allcargo Logistics said in a filing to BSE. Income went up to Rs 5,786.65 crore in the quarter from Rs 3,360.07 crore in the year-ago period, the filing said.
Market LIVE Updates: Nifty back above 16,300
- The 50-pack index traded at day’s high around 1.15 pm. TechM, Apollo Hospital & HDFC Life were top index gainers
Market LIVE Updates: Energy worst performing sector on BSE; ONGC top loser from the pack
Cement manufacturer The India Cements Ltd has reported standalone net loss for the quarter ending March 31, 2021 at Rs 23.71 crore due to ‘spiraling’ increase in the cost of input materials together with the loss of volume, the company said on Friday. The city-based company had registered standalone net profit at Rs 71.63 crore during corresponding quarter previous year; stock declined 4% post Q4 show
Price as on 27 May, 2022 12:57 PM, Click on company names for their live prices.
European stock futures point to cautious start
European equity futures are trading with a cautious tone, and mostly softer on Friday morning, despite a positive lead from Asia. Honk Kong’s Hang Seng rose 2.2% overnight and Japan’s Nikkei 225 gained 0.6%. But European futures are lower between 0.1% and 0.4% ahead of key U.S. inflation data.
BSE Midcap index rallies 1%, outshines benchmark Sensex
Market LIVE Updates: Drug major Sun Pharma on Friday said its subsidiary has acquired the Uractiv portfolio from Fiterman Pharma in Romania. The company’s unit – SC Terapia SA, Romania – has acquired the Uractiv portfolio, which comprises food supplements, including minerals, vitamins and adjuvants; cosmetics and medical devices used for maintaining urinary tract health; stock was trading flat on NSE.
Price as on 27 May, 2022 12:08 PM, Click on company names for their live prices.
RBI ANNUAL REPORT HIGHLIGHTS
RBI Annual Report | Near-term global economy outlook fluid, extremely uncertain Global recovery seen suffering maj… https://t.co/Z2XxGdMIHd
— ET NOW (@ETNOWlive) 1653631839000
Market LIVE Updates: Top 5 gainers in late morning session
Price as on 27 May, 2022 11:30 AM, Click on company names for their live prices.
Q4 EARNINGS: RUCHI SOYA
- PAT: Rs 234 crore vs Rs 314 crore YoY
- Revenue: Rs 6663 crore vs Rs 4838 crore YoY
Ruchi Soya announces dividend of 250% for FY22
Price as on 27 May, 2022 10:54 AM, Click on company names for their live prices.
Market LIVE Updates: Top gainers from the Bank Nifty pack in opening deals
In our opinion FMCG stocks are a sell at every rise and hopefully the sentiment will improve as inflation eases and if monsoons are good.
– Dipan Mehta, Elixir Equities
Page Industries soars 7% as apparel maker’s revenue, net profit surge in Q4
Shares of Page Industries surged 7.3 per cent in early trade on Friday as the apparel manufacturer reported an increase of 64.86 per cent in net profit at Rs 190.52 crore for the fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 115.56 crore during the January-March period a year ago. Page Industries’ scrip jumped to a high of Rs 44,723.15 as against Rs 41,665.15 at the previous close on the BSE. The stock was last trading 5.8 per cent higher.
Market Live Updates: Media pack gains the most; here are its top 5 performers
Price as on 27 May, 2022 10:13 AM, Click on company names for their live prices.
Paradeep Phosphates pre-open rate
- BSE: 43.55 (4% up)
- NSE: 44(5% up)
Market view: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
“FPI selling, the main trigger for the market weakness in India, is showing signs of exhaustion. DII and retail buying and overwhelming FPI selling along with short covering can trigger a near-term rally. High quality large-caps can stage a rally. Leading banks are safe bets.
Hindalco zooms 5% as better operating efficiencies give 99% boost to Q4 PAT
Shares of Hindalco Industries shot up 4.7 per cent in early trade on Friday as the Aditya Birla Group reported a massive 99.7 per cent rise in its consolidated profit after tax at Rs 3,851 crore for the quarter ended March 2022. The company had posted a consolidated PAT of Rs 1,928 crore in the year-ago quarter. Hindalco’s scrip jumped to a high of Rs 426.85 as against Rs 407.75 at the previous close on the BSE. Consolidated revenue for the fourth quarter rose 38 per cent to Rs 55,764 crore compared with Rs 40,507 crore in the corresponding quarter last year.
Voda Idea, ONGC, Adani Power among most active stocks on NSE
Price as on 27 May, 2022 09:22 AM, Click on company names for their live prices.
All sectors trade in the green in opening deals
OPENING BELL: Sensex jumps 450 pts, Nifty50 tops 16,300; Infosys, TechM rise 2% each
Pre-open session: Sensex jumps 300 pts, Nifty below 16,150
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 82.5 points, or 0.51 per cent, higher at 16,258.50, signaling that Dalal Street was headed for a positive start on Monday.
Tech View: Nifty’s Hammer candle signals reversal
Nifty50 on Thursday saw strong buying from its support of 15,900, as it ended up forming a Hammer candle on the daily chart, which is a bullish reversal candle. Analysts said such a formation will have bullish connotation, provided the index attracts a follow-through buying in the next session.
Oil just off 2-month high amid global supply concerns
Oil prices eased slightly in early Asian trade on Friday, after surging to a two-month high in the previous session as investors focused on signs of tight global supply. Brent crude futures fell 11 cents to $117.29 a barrel by 0:08 GMT. WTI crude futures for July delivery fell 19 cents to $113.90 a barrel. Prices have gained about 50% so far this year.
Korean stocks jump 1%; won hits 1-month high
South Korean shares rose more than 1% on Friday, tracking Wall Street’s jump overnight, with support stemming from investors buying into a dip in equities. The Korean won hit a one-month high, while the benchmark bond yield fell. The benchmark KOSPI rose 28.45 points, or 1.09%, to 2,640.90. The index is set to end the week with no gains or losses.
Hong Kong stocks rally more than 3% on tech surge
Hong Kong shares rallied more than three percent Friday morning thanks to a surge in tech firms after strong earnings giants Alibaba and Baidu. The Hang Seng Index climbed 3.09 percent, or 621.07 points, to 20,737.27.
Australian shares set for second weekly gain
Australian shares rose on Friday and were poised for a second weekly climb amid broad-based gains across sectors following the U.S. Federal Reserve’s monetary policy meeting that eased investor worries about overly aggressive rate hikes. The S&P/ASX 200 index was up 1% at…
Read More: sensex today: MARKET CLOSING BELL: Sensex surges 632 pts; Nifty ends above 16,350; Dr Lal