Closing Bell: Indian equity market shrugged off the weak global cues and instead ended higher supported by the gains in Reliance Industries. RIL alone contributed 100 bps to the benchmark indices today. At closing, The S&P BSE Sensex ended 743 points higher at 31,379 while the Nifty50 index closed at 9,195, up 206 points. Most sectoral indices recovered from their day's lows. Nifty Media remained the best-performing index of the day, rising by 7 percent. Zee Entertainment, RIL, Asian Paints, IndusInd Bank and UPL were the Nifty50 top gainers while ONGC, Vedanta, L&T, Cipla and Power Grid were the top losers.

Apr 22, 2020 3:48 PM

Here are the key highlights from today's trading session:

1. Market regains 80 percent of the losses seen in previous two sessions

2. Sensex surges 743 points to 31,380 and Nifty50 206 points to 9,195

3. Nifty Bank advances 293 points to 19,702 led by HDFC and ICICI Bank

4. Midcap gains the least amongst frontliners, up 95 points to 12,804

5. Reliance contributes 104 points to Nifty's gain of 206 points

6. Reliance gains 10 percent on Facebook's investment of 43,574 crore in all Jio platforms

7. Reliance adds market cap of Rs 80,000 crore today

8. 44 Nifty stocks close in the green; Zee Entertainment, Asian Paints, Maruti Suzuki top gainers

9. Zee Entertainment regains losses of last two weeks; up 16 percent today

10. ONGC, Vedanta, Cipla, L&T, HDFC top Nifty losers.

11. Amara Raja Batteries, Colgate, Just Dial, Ambuja Cement amongst top Midcap gainers

12. Fertiliser Shares gain on Cabinet nod to up subsidy on phosphatic fertiliser by 5 percent

Apr 22, 2020 3:44 PM

Apr 22, 2020 3:19 PM

Reliance Industries is the talk-of-the-day today but do you know in which companies has Jio invested so far, let's have a look!

RIL said this is the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the technology sector in India. The investment values Jio Platforms amongst the top 5 listed companies in India by market capitalization, within just three and a half years of launch of commercial services, it said in a statement.

Concurrent with the investment, Jio Platforms, Reliance Retail and Facebook's WhatsApp service have also entered into a commercial partnership agreement to further accelerate Reliance Retail’s new commerce business on the JioMart platform using WhatsApp and to support small businesses on WhatsApp, RIL said. Click here to read the full article

Apr 22, 2020 3:08 PM

Bajaj Auto hopes to resume operations at Waluj Plant; shares gain 3%

Two- wheeler manufacturer Bajaj Auto has received permission to begin operations at it's Waluj plant in Maharashtra. Speaking to CNBC-TV18, Rakesh Sharma, Executive Director, Bajaj Auto said, "We have received permission to operate the Waluj plant and we are hoping to commence operations on Thursday". Sharma also added that the company would aim to service export orders from South Asian and African markets through its Waluj plant.

Companies like Bajaj Auto, M&M, Tata Motors and Ashok Leyland have also received permission to resume manufacturing at their facilities in Rudrapur. READ MORE

Apr 22, 2020 2:52 PM

Apr 22, 2020 2:41 PM

Rupee Update: The Indian rupee ended higher at 76.68 against the American dollar, as compared to Tuesday's close of 76.84. However, the Indian currency slid to record low of 76.92 during the volatile session in the morning. It began to move higher in noon trade when the equities moved higher led by the gains in RIL.

Apr 22, 2020 2:26 PM

Crude Facts: Why short form for oil barrel is bbl, not bl

When expressed in short form, oil carrying barrel is referred to as 'bbl' and not 'bl' though barrel has only one 'b' in it.Get latest Commodities online at cnbctv18.com

Apr 22, 2020 2:15 PM

Berger Paints looks promising, and so does Cipla, says Ashish Chaturmohta of Sanctum Wealth Management

Ashish of Sanctum Wealth Management feels Berger Paints looks very promising at current levels. He initiated a 'Buy' call on Berger Paints with a stop loss of Rs 520 and a target price of Rs 556 for short-term.

Another stock that is continuously consolidating despite the market volatility is Escorts, which shows a good indication. Initiate a long on Escorts with stop loss of Rs 728 and a short-term target of Rs 762, adviced Ashish.

In the pharma basket, Ashish placed his bet on Cipla because it has formed a strong pole and flag formation. Therefore, he thinks one can go long keeping Rs 580 as a trading stop loss and expect Rs 625-630 as the short-term target.

Apr 22, 2020 2:04 PM

Positive start for European market today; DAX rises over 100 points

European markets traded in positive territory on Wednesday, apparently defying widespread concerns over the coronavirus outbreak and a slump in oil prices.

Currently, DAX is trading 108 points higher to 10,358 while FTSE is up 58 points to 5,699. CAC and Stoxx600 are up nearly 1 percent each.

Meanwhile, Asian counterparts were poised to track bullishness from overseas and traded marginally higher. Where SGX Nifty climbed 2 percent higher, Kospi, Shanghai index were trading nearly 1 percent higher, followed flat to positive bias trend in Taiwan and Hang Seng.

Apr 22, 2020 1:42 PM

Apr 22, 2020 1:24 PM

HUL gets a Horlicks Boost; weightage in Nifty set to rise 25%

Fast-moving consumer good major HUL’s weightage in the Nifty is set to rise by 1.1 percentage points or a whopping 25 percent. This will happen shortly once HUL stock is allotted to erstwhile GSK Consumer HealthCare shareholders under the terms of the global merger announced in December 2018. HUL at present has a 4.4 percent weightage in the Nifty and this will increase to 5.5 percent. To put the figure of 1.1 percent in perspective, 27 out of the 50 stocks in the Nifty index have a weightage of less than 1 percent.

Apr 22, 2020 1:19 PM

Brokerages bet on the pharma rally as Aurobindo Pharma tops the class

The interest in the pharmaceutical space continues to spike as many brokerages have given the sector a thumbs up in recent times. Top of the upgrade, is Aurobindo Pharma that has seen a slew of rating and target price revisions after US FDA revoked the ‘Voluntary Action Initiated’ status for its Hyderabad unit.

Apr 22, 2020 1:05 PM

Welspun India's shares fall despite receiving permission from the administrative authorities of Valsad and Kutch district of Gujarat to resume partial operations from April 21. The share price of the company fell 4 percent to Rs 28.35.

Apr 22, 2020 12:53 PM

Apr 22, 2020 12:40 PM

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