MARKET LIVE: Sensex up 150pts, broader indices firm; IT, Metal stocks shine

Stock market live updates: The strength spilled to broader markets too, with Nifty Midcap 100, and Nifty Smallcap 100 indices advancing up to 0.2 per cent

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Stock market live | Domestic markets wiped off early losses, and turned positive in Monday's intra-day trade led by notable gains in IT shares..

Benchmark indices the S&P BSE Sensex recovered over 350 points from the day's low, to claim day's high of 62,019 level, whereas Nifty50 recouped over 100 points to scale day's high of 18,325 levels.

The strength spilled to broader markets too, with Nifty Midcap 100, and Nifty Smallcap 100 indices advancing up to 0.2 per cent. Volatility gauge, India VIX, meanwhile, moderated to 1 per cent from day's 3 per cent.

Sectorally, Nifty IT, Nifty Metal, and Nifty Consumer Durables index marched forward in trade, gaining up to 1 per cent. On the contrary, Nifty Media, and Nifty Private Bank indices were the worst hit.

Among individual stocks, shares of Adani Group companies continued their upward movement for the second straight day, surging up to 8 per cent after the Supreme Court (SC) appointed panel said that at this stage it is not possible to conclude that there was a regulatory failure on the price manipulation allegation. READ MORE

Besides, shares of Siemens tumbled over 8 per cent after the company approved sale of low voltage motors and geared motors businesses to a Siemens AG subsidiary - Siemens Large Drives India -- for Rs 2,200 crore.

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5:41 PM

Reserve Bank Governor

Shaktikanta Das on Monday said the impact of withdrawal of Rs 2,000 currency notes will be "very very marginal" on the economy because it accounts for only 10.8 per cent of currency in circulation.

Describing the withdrawal exercise as part of currency management operations of the Reserve Bank, he said, he expects most of the withdrawn Rs 2,000 notes to be returned to the exchequer by the deadline of September 30.

2:08 PM

inflation falls in March but health inflation remains steady, elevated

Ramco Industries Q4 net profit rose 35.7 per cent to Rs 58.08 in the quarter ended March 2023 as against Rs 42.78 crore in the corresponding quarter a year ago. Total income, however, was down 10.4 per cent YoY at Rs 350 crore.

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Ramco Industries Q4 net profit rose 35.7 per cent to Rs 58.08 in the quarter ended March 2023 as against Rs 42.78 crore in the corresponding quarter a year ago. Total income, however, was down 10.4 per cent YoY at Rs 350 crore.

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Jai Shree Ram: Sugar stocks to sweeten as global prices hit 11 yr-high

Ramco Industries Q4 net profit rose 35.7 per cent to Rs 58.08 in the quarter ended March 2023 as against Rs 42.78 crore in the corresponding quarter a year ago. Total income, however, was down 10.4 per cent YoY at Rs 350 crore.

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Ramco Industries Q4 net profit rose 35.7 per cent to Rs 58.08 in the quarter ended March 2023 as against Rs 42.78 crore in the corresponding quarter a year ago. Total income, however, was down 10.4 per cent YoY at Rs 350 crore.

2:06 PM

Renuka, EID Parry: Sugar stocks to sweeten as global prices hit 11 yr-high

Ramco Industries Q4 net profit rose 35.7 per cent to Rs 58.08 in the quarter ended March 2023 as against Rs 42.78 crore in the corresponding quarter a year ago. Total income, however, was down 10.4 per cent YoY at Rs 350 crore.

6G

2:06 PM

Core inflation falls in March but health inflation remains steady, elevated

Ramco Industries Q4 net profit rose 35.7 per cent to Rs 58.08 in the quarter ended March 2023 as against Rs 42.78 crore in the corresponding quarter a year ago. Total income, however, was down 10.4 per cent YoY at Rs 350 crore.

2:05 PM

Core inflation falls in March but health inflation remains steady, elevated

Ramco Industries Q4 net profit rose 35.7 per cent to Rs 58.08 in the quarter ended March 2023 as against Rs 42.78 crore in the corresponding quarter a year ago. Total income, however, was down 10.4 per cent YoY at Rs 350 crore.

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Ramco Industries Q4 net profit rose 35.7 per cent to Rs 58.08 in the quarter ended March 2023 as against Rs 42.78 crore in the corresponding quarter a year ago. Total income, however, was down 10.4 per cent YoY at Rs 350 crore.

Indigo

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Stock of this conductor manufacturer has zoomed 100% in 2.5 months

Ramco Industries Q4 net profit rose 35.7 per cent to Rs 58.08 in the quarter ended March 2023 as against Rs 42.78 crore in the corresponding quarter a year ago. Total income, however, was down 10.4 per cent YoY at Rs 350 crore.