Amid weak cues from global markets, Sensex and Nifty opened lower, although erased early losses and reversed trend by the last hour of the session, amid rally in sector specific action. Barring IT and media, all the indices closed higher, amid heavy gains in realty, pharma and FMCG stocks

Stock Market LIVE Updates: Axis Bank, followed by IndusInd Bank, Bajaj Finance, Tata Steel, Infosys, HDFC twins and ICICI Bank were among the top losers. On the contrary, Bajaj Auto, ITC, Sun Pharma, Asian Paints and L&T were among the top gainers on Sensex pack.

Share price of Vodafone Idea gained 35% to Rs 7.85 compared to the previous close of Rs 5.82 on BSE

Stocks to watch today on May 29: Jubilant Sciences, TVS Motors, Vodafone Idea, RIL, Yes Bank, Heidelberg, CEAT among others are the top stocks to watch out for in Friday's trading session

For the fourth quarter ended March 31, 2020, Federal Bank reported a net profit of Rs 301.23 crore compared to Rs 381.51 crore in the year-ago period, registering a year-on-year decline of 21.04 per cent

It seems investors are sitting on boundaries in a wait-and-watch mode and traders are reaping gains from the volatility cycle in which the benchmark indices are stuck.

As per Reliance Securities, while recent supports for Eicher Motors' stock stand at 14,209 and 14,608, the near-term resistance lie around 15,223 and 15,479, with the pivot point at 14,864.

Overseas, markets rose on hopes of economic recovery as countries eased lockdown restrictions. Asian stocks extended gains tracking US markets that closed higher, driven by rising optimism around the re-opening of the world economy

Share price of United Spirits declined up to 3.55% to Rs 557.30 compared to the previous close of Rs 577.80 on BSE

Share price of Dabur India touched an intraday high of Rs 447.05  rising 4.27% against previous close of Rs 428.75

Bank enjoys highest price to book value of 4.75 times; largest private bank, HDFC Bank, gets 2.90 times followed by ICICI Bank (1.77 times) and Axis Bank with 1.29 times the book

Share price of  Axis Bank which stood at Rs 336.95 on May 22 hit an intra day high of Rs 407.25 today, amounting to return of 20.86% in three consecutive sessions

Forex traders said rising US-China tension weighed on the local currency even as positive domestic equities and improving risk appetite supported the local unit

Share price of Delta Corp has been hitting upper circuit of 5% since May 20 leading to a rise of 27.47% in five trading sessions.

U.S. stock futures, S&P 500 e-minis ESc1, rose 0.36% on Thursday in Asia following another positive session on Wall Street overnight, highlighting the positive mood

Stock Market LIVE Updates: Ceat, Agro Tech Foods, Daawat, Federal Bank, Lupin, Muthoot Finance, Radico, TVS Motors, Wendt among others will announce will be reporting their quarterly results today.

Short covering by institutional investors, mostly in banking stocks helped Sensex (363 points) and Nifty (77 points) cover losses of last two sessions

Stock price of Sun Pharma has fallen 1.12% in one week and 8% in one month. However, the stock has risen 4.17% since the beginning of the year.

Earlier indices turned volatile amid weakness in SGX Nifty and lost morning gains. However, bourses climbed in the last hour of session on Wednesday, amid buoyancy in overseas markets and heavy buying in banking and financials.

The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning