Market Closing Bell

Market Closing Bell: Sensex Today Live: Indian benchmark indexes were headed for their best month since August last year, with shares hitting a three-month high on Friday as metal and auto stocks advanced.

The indexes, which hit their highest levels since April 29, were up over 8% so far this month on gains in auto, bank, and metal stocks.

Investor sentiment also got a boost after data showing economic contraction in the U.S. economy for a second straight quarter raised hopes that the U.S. Federal Reserve may not opt for aggressive interest rate hikes.

Closing Bell: Market ends in green for 3rd session in a row; Sensex up over 700 points, Nifty above 17150-level – metals, financials lead

“Every negative news on the economic front is being taken as good news by markets as they sense that weakness in economic activity will lead to constructive policies to support growth,” said Saurabh Jain, assistant vice-president, research, at SMC Global Securities.

“The absence of selling and some small buying from foreign institutional investors have also helped sentiment,” Jain said.

Foreign investors have sold a net $320.85 million worth of Indian equities so far this month, the smallest outflow since November 2021.

The Nifty metals index rose 3.3% in hopes of strong demand in top consumer China, while the auto index gained 1.3%, with TVS Motor Co up 6% after reporting a higher June-quarter profit.

SBI Life Insurance rose 9.1% and was the top gainer in the Nifty after reporting a higher quarterly profit.

Closing Bell: Markets extend gains for 2nd day in row; Sensex surges over 1,000 points, Nifty above 16,900 – Bajaj twins rally 10% each

Shares of industrial equipment maker GMM Pfaudler rose as much as 18% after reporting a 17-fold jump in quarterly profit.

The rupee strengthened to its highest in nearly three weeks against the dollar, which fell on easing concerns over aggressive interest rate hikes by the Fed.

Wall Street staged a robust recovery after a shaky opening due to a contraction in the US economy, as the market perceived that aggressive monetary policy will soon come to an end. This added optimism to the domestic market, and the rupee strengthened against the dollar-increasing appetite for FIIs.

With major events behind us, the focus would be on earnings and upcoming high-frequency data like auto sales, PMI numbers, and GST collection figures for cues. We reiterate our positive view and suggest continuing with the “buy on dips” approach.

Closing Bell: Sensex zooms 1,041 pts; Nifty ends above 16,900; Bajaj twins soar 10% each, Tata Steel 4%

Drug maker Sun Pharma on Friday reported a 42.70 percent year-on-year (YoY) rise in consolidated net profit to Rs 2,060.88 crore in the June quarter compared with Rs 1,444.17 crore in the same quarter last year. Analysts in an ET NOW poll had projected the profit figure at Rs 1,850 crore.

Total revenue for the quarter grew 10.73 percent YoY to Rs 10,761.76 crore compared with Rs 9,718.74 crore in the corresponding quarter last year. The revenue also beat the ET NOW poll projection of Rs 10,425 crore.

Future of fintech is in lending-led players, not payments: Report

With the funding to fintech seeing a sharp 30 percent drop in the June quarter, valuation is expected to shift from payments to lending-led fintechs that will get the maximum wallet share ahead, according to a report.

Closing Bell: Nifty ends above 17,100, Sensex gains 712 pts; metals outshine

As against this sharp fall, funding to the sector jumped a whopping 157 percent year-on-year growth to USD 8 billion in 2021. Most of the funding went to payments at USD 2.7 billion, closely followed by lending at USD 2.6 billion, global consultancy BCG said in the report on Thursday.

However, this is going to change as the lending segment is saddled with low margins as everyone tries to outbid each other for the market share volumes, the report said, adding that by 2025, the valuation of lending-led fintechs will jump nearly three times to 35 percent from 13 percent in 2021, while that of payments companies it will more than halve to 22 percent from 50 percent.

Closing Bell: Day Trading, Money Manager and Investor News

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The closing bell is a bell that rings to signify the end of a trading session at a stock exchange. The time for trading for higher earnings has passed

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Closing Bell NEWS · Nifty, Sensex close higher led by financial services, tech stocks and Reliance · Market snaps a 2-day losing streak with Nifty crossing 16,600 

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Closing BellMarkets extend gains for 2nd day in row; Sensex surges over 1,000 points, Nifty above 16,900 – Bajaj twins rally 10% each · Final Trade: Market 

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01-Jul-2022 — Markets were in a one-way track and crashed nearly 1,000 points before recouping most of its lost ground as firm European markets opening 

Closing Bell: Nifty ends above 17100, Sensex gains 712 pts

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23 hours ago — In global Markets. The Dow is now up nearly 2% for the week, while the S&P 500 the Nasdaq Composite are up 2.8%. The market is taking on a 

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Closing Bell LIVE from 3 – 4PM ET on CNBC. NYSE Post 9 closingbell.cnbc.com Joined February 2009 Bear market rally or have we put in a bottom?

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Bell Ringing Ceremony – Nasdaq

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Closing Bell – Wikipedia

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The show is named after the bell that is rung to signify the end of a trading session on the New York Stock Exchange which occurs at 4:00 pm EST. Many exchanges 

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Stock Market Timings in India | BSE & NSE Share Groww

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Stock Market April 20 Highlights: Sensex jumps 574 pts at closing bell; NIFTY ends at 17,136. Stock Market April 20 Highlights: In contrast, Bajaj Finance, 

 

 

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