Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350

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Windfall tax explained — why ONGC, Oil India investors are spooked by it

On a day the Indian market makes a recovery, Indian oil producers are under pressure. (Read more)

Market This Week | Sensex, Nifty clock 2nd straight weekly gains

Here are some highlights:

--Sensex and Nifty rise one percent each led by financial stocks 

--Nifty Bank up four percent

--Midcap index down one percent

--Nifty Bank posts biggest weekly gain in two months

--Nifty IT rises the most among NSE's sectoral gauges

--Nifty PSU top loser

--HDFC Life, Kotak Bank, HDFC, HDFC Bank, M&M top Nifty gainers

--Divi’s, JSW, ONGC, Tata Steel, Asian Paints top Nifty losers 

--CONCOR, Dr Lal, Torrent Pharma, IndiGo top midcap gainers

--JSPL, NMDC, Piramal Enterprises, Chambal, SAIL, India Cements top midcap losers

Sensex, Nifty50 scale 3-week closing highs

Here are some highlights:

--Financial stocks lead headline indices higher

--Nifty Bank continues to rise for 4th straight day

--Nifty IT, Nifty Media top gainers among NSE's sectoral gauges

--Nifty PSU top loser 

--37 Nifty stocks in the green

--Oil & gas stocks slip on reports related to windfall tax

--ONGC down five percent

--Bharti Airtel slips on reports of Singtel looking to sell stake at five percent discount to CMP

--Short covering continues in diagnostic names

--Dr Lal up 10 percent, Metropolis three percent

--Piramal Enterprises falls 12 percent to 15-month low after weak quarterly earnings

--GAIL, India Cements slip 4-6 percent post earnings

--Market breadth favours bulls with advance-decline ratio at 5:2

Rupee ends nearly unchanged vs US dollar

Market closes higher for 2nd straight day

BSE Sensex jumped 632.13 points or 1.17 percent to settle at 54,884.66 while Nifty50 closed at 16,352.45, up 182.3 points or 1.12 percent from its previous close. Tech and financial stocks led the rally in benchmark indices. 

Why experts recommend holding Bajaj Finance, Asian Paints, and Titan

Gaurav Ratnaparkhi of Sharekhan, and Vijay Chopra of enochventures.com shared their reading on specific stocks, sectors, and markets in an interaction with CNBC-TV18. They spoke at length about Bajaj Finance, Asian Paints, Titan, Tech Mahindra, NTPC, CAMS, Supreme Industries, Dixon Technologies, Larsen & Toubro (L&T), and PVR. (Get details here)

Coal India trading nearly 4% off than day’s high

Godrej Industries reported a profit of Rs 423 crore in the fourth quarter
Godrej Industries on Friday reported a consolidated net profit of Rs 422.82 crore for fourth quarter ended March 31, 2022. The company had posted a loss of Rs 92.17 crore for the same quarter of previous fiscal year, Godrej Industries said in a regulatory filing. (Also read)

Bharti Airtel sinks into red

India Q1 GDP growth likely slowed for the third consecutive quarter, says Reuters poll
India's economic recovery from the COVID-19 pandemic likely stumbled again in the first quarter of this year primarily due to Omicron-related restrictions and higher inflation, a Reuters poll showed. (Read more)

GAIL Q4 earnings vs CNBC-TV18 poll

See a lot of traction in the retail segment, telecom seeing higher demand: Guruprasad Srinivasan
Guruprasad Srinivasan, CEO, Quess Corp said, “Retail, which was probably almost very subdued for last four to six quarter, we see a lot of traction happening in retail, the consumer spending patterns are changing and we are seeing the push coming in in terms of hiring outlook from that segment. Telecom also which was almost a little slow, has become quite active now and we are seeing a lot of demand coming in from telecom. Logistic and supply chain and banking has been always at its best. So, overall the year looks positive for us and we are seeing demand coming in.”

Seeing increased occupancy rate, market share increased in places like Bengaluru: BS Ajai Kumar of Healthcare Global

Gold rate today: Yellow metal gains amid lower Treasury yields, higher crude oil prices
Domestic gold prices gained on Friday as US dollar continued to fall after touching a 20-year high early May. Globally, gold prices changed little as US 10-year Treasury yields were 0.40 percent lower and crude oil prices climbed two-months high. (Read more)