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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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 7,176.00 points, as of 0052 GMT, its highest since May 13. The benchmark gained 0.4% so far this week.
Tokyo stocks open higher extending Wall Street rallies
Tokyo stocks opened higher on Friday as investors took heart from Wall Street rallies. The benchmark Nikkei 225 index was up 1.29 percent, or 343.67 points, at 26,948.51 in early trade, while the broader Topix index was up 1.06 percent, or 19.95 points, at 1,897.53. US economic indicators released overnight were not strong, including revised-down first quarter GDP figures and a slide in second-hand home sales in April.
Wall Street jumps on retailer outlook hikes, ebbing Fed fears
Wall Street closed sharply higher on Thursday after optimistic retail earnings outlooks and waning concerns about overly aggressive interest rate hikes by the Federal Reserve put investors in a buying mood. The Dow Jones Industrial Average rose 516.91 points, or 1.61%, to 32,637.19; the S&P 500 gained 79.11 points, or 1.99%, to 4,057.84; and the Nasdaq Composite added 305.91 points, or 2.68%, to 11,740.65.
Rupee slips 6 paise to 77.61 against dollar
The rupee declined 6 paise to close at 77.61 against the US dollar on Thursday, as firm crude prices and relentless foreign capital outflows dented investor sentiment. However, a rally in domestic equities and a weak American currency in the overseas market restricted the rupee’s fall, traders said. At the interbank foreign exchange market, the rupee opened at 77.54 against the greenback and touched an intra-day low of 77.65 and a high of 77.52.
Sensex, Nifty on Thursday
Equity benchmarks mustered gains for the first time this week on Thursday as investors piled into the recently-battered metal, bank and IT stocks amid expiry of monthly derivative contracts. Snapping its three-session losing streak, the 30-share BSE Sensex rallied 503.27 points or 0.94 per cent to settle at 54,252.53. On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15.
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