Sensex sinks 509 pts, Nifty holds 16,050 in across-the-board sell-off

CLOSING BELL: NTPC, Adani Ports, Bharti Airtel, Coal India, Hero Moto, and Bajaj Finance were the only gainers, up in the range of 0.08 per cent to 1.7 per cent

4:10 PM

Nifty tech view: 16K to act as crucial support

Nifty has slipped below the previous session's low as bears remained at the helm.

It has formed a small-bodied candle just below an important moving average, indicating a bearish day of mild significance.

On the lower end, however, 16,000 is likely to act as crucial support. On the higher end, resistance is visible at 16,200, where meaningful call writing has happened.

 

Views by Rupak De, Senior Technical Analyst, LKP Securities.

 

4:07 PM

Closing view: Rate hike fears again in focus ahead of inflation data

Rate hike fears are back in focus in the global markets ahead of the release of CPI numbers.

Inflationary pressures along with strong US jobs data would keep the Fed on the path of aggressive rate hikes.

On the domestic inflation front, retail inflation for the month of June is expected to be at 7.03 per cent, maintaining the previous month’s levels.

Demand concerns amid the rebound of virus cases in China compelled crude to trade lower.

Views by Vinod Nair, Head of Research at Geojit Financial Services.

 

4:04 PM

Rupee weakens by 15 paise to close at record low of 79.59/$

4:02 PM

Delta Corp closes in red; reports say govt meet on taxing casino/online gaming remains inconclusive

 

 

4:00 PM

Investors book profit in Ramco Ind after co bags order from Air Asia

 

3:58 PM

Rail Vikas Nigam gains 2% on winning Rs 1,845 crore order from NHAI

 

3:55 PM

NMDC cuts prices of lump ore, fines by Rs 500/tn each; tanks 6%

 

3:53 PM

SAIL sheds 2% on reports govt may withdraw divestment plan

 

3:50 PM

Telecom stocks defy weak market mood; index up 1.2%, ITI soars 17%

 

3:47 PM

All sectors close lower; realty alone ekes out minor gain of 0.1%

 

3:45 PM

Pain across broader markets too; end with leaner cuts

 

3:44 PM

Nifty losers: Eicher Motors, Hindalco, Infosys, BPCL top drags

 

3:43 PM

Nifty gainers: NTPC, Coal India, Airtel, Shree Cement handful of winners

 

3:42 PM

Sensex Heatmap: Only 3 of 30 index stocks end in green

 

3:40 PM

Closing Bell: Nifty holds 16K in fag-end selloff; 44 shares decline

 

3:39 PM

Closing Bell: Sensex closes near day's low as investors book profit before CPI data

 

3:27 PM

This Adani Group stock has zoomed over 3,600% since March 2020

Adani Total Gas hit a new high of Rs 2,845 on Tuesday, surging 15 per cent in the past three trading days. Read here

3:16 PM

HCL Tech succumbs to broader selloff; co to announce Q1 results post market hours today

3:08 PM

US equity futures trade with cuts in late trade

 

2:58 PM

SpiceJet clarifies Dubai aircraft delayed due to technical glitch

2:53 PM

European markets edge lower in trade

2:46 PM

Realty stocks gain ground; Brigade Enterprises spikes 3%

2:37 PM

WATCH :: AIIB’s Erik Berglof on economic turmoil and more

2:29 PM

Adani Data Networks, Jio, Airtel, Vodafone Idea to bid for 5G spectrum

Billionaire Gautam Adani-led Adani Data Networks, Reliance Jio, Bharti Airtel and Vodafone Idea have applied to participate in the upcoming 5G auction, according to a list issued by the Department of Telecom on Tuesday. READ MORE

2:20 PM

Q&A :: The recent correction has removed froth in the broader market, says C J George

We believe the Fed has a good chance of engineering a soft landing of the US economy, particularly after the recent moderation in commodity prices. The recent correction has removed froth in the broader market. READ FULL INTERVIEW HERE

2:09 PM

Energy basket upbeat in a weak market; Adani Green soars 5%

2:01 PM

Broader Market Update:: BSE Utilities, Power and Telecom indices outperform

The BSE Utilities and Power indices had rallied nearly 2 per cent each, while the Telecom index gained 1.4 per cent.

1:53 PM

BSE 500:: Volume Shockers

Kotak Mahindra Bank has witnessed unusually high volume of around 12.59 lakh shares on the BSE as against its five-day average volume of around 61,000 shares. Similarly, Alkem Lab, ITI, Star Cement, and Indus Towers have also witnessed a significant spike in volume in trades so far on Tuesday.

1:45 PM

Global Check:: Dow Jones, Nasdaq futures down up to 0.7 per cent

Source: Investing.com

1:38 PM

BSE 500:: Stocks falling significantly from the highs of the day

Welspun Corp has slipped nearly 5 per cent from its high of the day so far. Similarly, Tube Investments, NMDC, Saregama India and HEG were some of the other prominent stocks to lose notable ground from the highs of the day on Tuesday.