homemarket NewsStock Market Highlights: Sensex ends over 400 points higher, Nifty50 shuts shop above 15,800; Zomato ends 6% lower

Stock Market Highlights: Sensex ends over 400 points higher, Nifty50 shuts shop above 15,800; Zomato ends 6% lower

Stock Market Highlights: Sensex ends over 400 points higher, Nifty50 shuts shop above 15,800; Zomato ends 6% lower
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Summary

Stock Market LIVE Updates: Indian equity benchmarks BSE Sensex and NSE Nifty50 saw sharp gains on Monday amid buying across sectors, tracking a rebound across global markets as easing commodity rates boosted investors' risk appetite. Financial, IT, oil & gas and auto shares were the biggest contributors to the gains in main indices. Broader markets mirrored the gain in headline gauges, with the Nifty Midcap 100 and the Nifty Smallcap 100 rising one and two percent respectively. 

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Jun 27, 2022 4:28 PM

Market Watch | Jitendra Gohil, Head-India Eq Research, Credit Suisse Wealth Management

Barring IT sector, I feel that whether it is the banking sector, or FMCG, I think a large part of the correction in valuation is already done. Hence I think, right now, we think this is what a fair value zone, we might consolidate a bit. But if I look at two or three years down the road, I think India is in a sweet spot. We do believe that the corporate fundamentals of India have improved dramatically, and to a great extent, the banking system has strengthened a lot. So we think that yes, India's valuation will remain a little bit more elevated. But we think that it is a good time to enter if we see more corrections. Obviously, the risk is that if oil goes to 140 plus or 150 plus that is not our house view but if oil starts to shoot up or let us say if US goes into recession or deep recession, then probably we might see another 1,000-1,500 points correction from this level. Otherwise, I think we might consolidate and some of the stocks which have fallen significantly, I think there we see a limited downside.

Jun 27, 2022 4:15 PM

MARKET AT CLOSE

- Market Closes In The Green But Off Highs, Sensex & Nifty Up 1% Each

- IT Cos & PSUs Amongst Top Nifty Gainers, Nifty IT & PSU Up Over 2% Each

- Sensex Rises 433 Points To 53,161 & Nifty 133 Points To 15,832

- Nifty Bank Gains 184 Points To 33,811 & Midcap Index 264 Points To 26,713

- Bajaj Auto Ends Higher But Off Highs Following ‘Open Market’ Buyback

- Hikal Rises Up To 8% After HC Sets Aside Pollution Control Board Order

- Coal India, ONGC, L&T, HCL, Tech Mahindra & BPCL Are Top Nifty Gainers

- City Union Bank, Persistent, Firstsource, Mindtree, GNFC Top Midcap Gainers

- HDFC AMC Slips More Than 3% On Reports Of A Large Block Deal

- Aurobindo Slips 3% From Highs After SEBI Issues Warning Letter

- Zomato Closes With A Cut Of 7% Following Blinkit Deal Announcement

- Market Breadth Favours Advances, Advance-Decline Ratio At 3:1

Jun 27, 2022 4:00 PM

Closing Bell: Benchmark indices end higher for the 3rd straight session amid buying across sectors

The 30-scrip BSE S&P Sensex closed 433.30 points higher or 0.82 percent at 53,161.28, and the Nifty shut shop 132.70 points higher or 0.85 percent up at 15,832. 

Jun 27, 2022 3:42 PM

Sakthi Sugar to sell Dhenkanal Plant to Indian Potash

Jun 27, 2022 3:24 PM

Bajaj Auto agrees to buyback shares worth Rs 2500 crore

Two-wheeler major Bajaj Auto Ltd informed the stock exchanges on Monday that the company has approved buyback of shares worth up to Rs 2,500 crores. The company intends to buyback 54.35 lakh shares or 1.88 percent of the paid up share capital via open market at Rs 4,600 per share.

Jun 27, 2022 3:10 PM

Auribindo Pharma at day's low 

Jun 27, 2022 2:48 PM

Hero Motocorp at day's low

Stock Market Highlights: Sensex ends over 400 points higher, Nifty50 shuts shop above 15,800; Zomato ends 6% lower
Jun 27, 2022 2:35 PM

Bajaj Auto 0.6% off day's low 

Jun 27, 2022 2:22 PM

Buy UltraTech Cement, ITC: Himanshu Gupta
Here are recommendations by Himanshu Gupta, VP-Research, Globe Capital:
-- Buy UltraTech Cement for a target of Rs 5,700-5,800 with a stop loss at Rs 5,525
-- Buy ITC for a target of Rs 275-278 with a stop loss at Rs 266

Jun 27, 2022 2:11 PM

Mastek near day's high

Jun 27, 2022 2:00 PM

Some relief expected for the MSME sector: Mahesh Jaising

Mahesh Jaising, Partner & Leader-Indirect Tax, Deloitte India said that he expects some relief for the MSME sector. "I do expect that inverted duty structure to be addressed, which is already there in the law, but does not allow an inverted duty reversal or a refund from an input services perspective and last, but not the least, I do expect some announcements on the online gaming, NFTs and few items which are seem to be contentious on what the rate ought to be,” he said 

Jun 27, 2022 1:54 PM

Government appoints CBDT member Nitin Gupta as its Chairman
Nitin Gupta is currently holding charge of Member Investigation at CBDT.

Jun 27, 2022 1:47 PM

Some relief expected for the MSME sector: Mahesh Jaising
Mahesh Jaising, Partner & Leader-Indirect Tax, Deloitte India says that some relief is expected for the MSME sector.
“I expect some relief for the MSME sector, particularly for those who want to go online and sell on e-commerce. I do expect that inverted duty structure to be addressed, which is already there in the law, but does not allow an inverted duty reversal or a refund from an input services perspective and last, but not the least, I do expect some announcements on the online gaming, NFTs and few items which are seem to be contentious on what the rate ought to be.”

Jun 27, 2022 1:34 PM

EU backs two AstraZeneca drugs for breast cancer treatment

Stock Market Highlights: Sensex ends over 400 points higher, Nifty50 shuts shop above 15,800; Zomato ends 6% lower
Jun 27, 2022 1:21 PM

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