The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
The S&P BSE Sensex surged 160 points to close at 25,262.
Sensex in green, JSW climbs higher.
The Reserve Bank India's (RBI's) decision to ban the onboarding of new accounts on the "bob World" mobile digital platform led to a selloff in the Bank of Baroda (BoB) stock. The stock of the public sector bank dropped by around 3 per cent. The central bank cited "material supervisory concerns"; news reports claimed mobile numbers were randomly linked to accounts to purportedly inflate registrations on bob World.
Reliance announced a rights issue of Rs 53,125 crore, which it said was the biggest in India.
The two IT majors -- Infosys and TCS -- delivered disappointing results for the fourth quarter of the 2022-23 financial year (Q4FY23). Poor macro conditions and weak sentiment in the banking, financial services and insurance (BFSI) space accounted for the miss. For TCS, revenue in constant currency (CC) terms grew at 0.6 per cent on a quarter-on-quarter (QoQ) basis. Weakness was visible in North America, primarily due to deferred discretionary spending.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
After new-age tech companies reported better-than-expected June quarter (Q1FY23) results, analysts said it will be a long road to recovery for their respective businesses and the stock prices. Moreover, brokerages differ on whether it is the right time to own these stocks. The common thread, however, that runs across most brokerages is Zomato, where they suggest buying the stock with the one-year target price ranging between Rs 60 - 115, translating into an upside of around 9 - 109 per cent from the current levels. The company's gross order value (GOV) of food delivery jumped 10 per cent quarter-on-quarter (QoQ) and 42 per cent year-on-year (YoY) in Q1, aided largely by growth in volume, and mild growth in average order value (AOV) at 1-2 per cent. The company also broke even on an adjusted Ebitda basis during the quarter.
The S&P BSE Sensex has gained 149 points to open at 25,802.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
Markets ended weak tracking the expiry of April derivative contracts.
Hospitals to recover from sluggish Q3; diagnostics' growth rate at pre-Covid levels.
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
Robust same store sales, margin growth mark June quarter.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
Broader market underperformed with the BSE Midcap and the BSE Smallcap indices losing up to 0.2%
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Markets end in green with auto, banks on a steady climb.
The 30-share Sensex ended up 165 points at 29,044 and the 50-share Nifty gained 54 points to close at 8,834.
Sensex remained volatile through the day.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
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