Sensex, Nifty end flat after choppy day; financials fall, Godrej Prop up 9%

CLOSING BELL: Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index

9:29 AM

Mahanagar Gas riss 1% as govt approves Kirit Parekh Panel's recommendations

Shares of gas distribution companies such as Gail India, Indraprastha Gas (IGL), Mahanagar Gas (MGL), ONGC and Oil India are likely to be focus as the companies reduced prices a day after the government officially notified lower domestic natural gas prices as proposed by the Kirit Parikh panel. 

9:25 AM

Broader market check :: SmallCap index outshines peers

9:23 AM

Sectoral check :: All but Nifty FMCG index trade higher

9:22 AM

Sensex Heatmap :: Over 10 stocks trade with losses led by Asian Paints, Maruti Suzuki India

9:20 AM

Opening Bell :: Nifty hovers near 17,650

9:18 AM

Opening Bell :: Sensex rises over 100 pts

9:15 AM

ALERT :: India halts UK trade talks over Sikh extremists, reports The Times

>> India has halted trade talks with the United Kingdom and will not restart them till the latter publicly condemns a Sikh extremist group which attacked the Indian embassy building in London in March, said a report by The Times

>> In order to the the negotiations back on track, the UK home office, in the coming weeks, is planning an announcement and also to crack down on Sikh extremists and supporters of the Khalistan movement, which is calling for the independence of Punjab in India

9:13 AM

Commodity Heatmap :: Gold down nearly 1%, Silver half a per cent in early trade

9:09 AM

Pre-Open Session :: Nifty50 holds 17,600

9:08 AM

Pre-Open Session :: Sensex ekes out tepid gains

9:05 AM

Currency check :: Rupee opens at 81.86/$ against Thursday’s close of 81.89/$

9:03 AM

ALERT :: Ramkrishna Forgings renews long-term contract with a North America-based company till 2027

>> The Company has successfully renewed the long term contract with additional new product range with Overseas Tier 1 customer based in North America and the same is valid till 31 December, 2027.

>> This contract is in the normal course of the business.

>> The Promoter/Promoter group has no interest in the Company which has renewed the contract and it will not fall within the related party transactions. 

8:56 AM

WATCH :: Will Q4FY23 results of IT majors surprise the Street?

8:51 AM

Charts suggest Nifty 50 may enter consolidation phase

The Nifty 50 Index, which is currently trading at a CMP (Current Market Price) of 17,599.15, has experienced a sharp rally of nearly 800 points in the past 10 trading sessions.
 

As a result, the Index has approached a near-term resistance level at 17,625, which is expected to trigger fresh buying if surpassed. The next resistance level is projected to be around 17,864. READ MORE

8:47 AM

Stocks to watch: ONGC, IGL, MGL, RIL, L&T, Titan

City Gas Distributors: Shares of gas distribution companies such as Gail India, Indraprastha Gas (IGL), Mahanagar Gas (MGL), ONGC and Oil India are likely to be focus as the companies reduced prices a day after the government officially notified lower domestic natural gas prices as proposed by the Kirit Parikh panel. Last week, the Centre decided to impose a floor price of $4 per MMBtu (Metric Million British Thermal Unit) for the next two years, to cover the cost of gas production by state-run firms ONGC Ltd and OIL Ltd. The ceiling price will be set at $6.5 per MMBtu. 

 

Reliance Industries (RIL): After making its entry into carbonated beverages and home and personal care, Reliance Consumer Products (RCPL) is now putting together a plan to get into the dairy and frozen foods market with focus on value-added products like curd, frozen desserts, ice creams, and flavoured yogurt. READ MORE