Benchmarks snap 3-day winning run ahead of Q4 GDP data; Sensex fall 359 pts

CLOSING BELL: Sun Pharma, Kotak Bank, HDFC, SBI, Reliance Industries, Shree Cement, and HDFC Life fell up to 3.5 per cent.

4:08 PM

Technical View: Rupak De, Senior Technical Analyst at LKP Securities

Nifty remained volatile during the day before closing around the middle of the range. On the higher end, it found resistance at the 50EMA on the daily timeframe. Going forward, the trend may remain choppy as long as the index remains below 16700. On the lower end support is visible at 16400. 

4:06 PM

Market view: Vinod Nair, Head of Research at Geojit Financial Services

Domestic market failed to hold on to recovery mode as it was awaiting the release of Q4 GDP data. GDP is expected to register a slower growth rate of 4.0-4.2 per cent as the consumer spending and investments were hit by soaring inflation. A hike in oil prices due to the EU’s ban on Russian oil imports would act as a headwind in taming global inflation. Changes in policy by central banks would be a major factor to be monitored in the coming days.

4:01 PM

CURRENCY CHECK: Rupee depreciates 12 paise against US dollar

3:54 PM

Closing bell: Over 1,700 stocks advanced whereas 1,592 declined

3:50 PM

Closing bell: Anupam Rasayan, Bajaj Consumer among stocks that hit 52-week low

3:48 PM

Closing bell: M&M, HAL among stocks that hit new 52-week high

3:46 PM

Closing bell: Nifty Realty best sectoral performer

3:44 PM

Closing bell: Kotak Bank, Sun Pharma, HDFC top Nifty50 losers

3:40 PM

Closing bell: ONGC, NTPC, M&M top Nifty50 leaders

3:37 PM

Closing bell: Smallcaps outshine Midcaps; India Vix climbs 2%

3:36 PM

Closing bell: Realty stocks shine; PSBs bleed

3:34 PM

Closing bell: 13 out of 30 Sensex stocks close negatively

3:33 PM

Closing bell: Sharp selloff pulls Nifty50 below 16,600

3:32 PM

Closing bell: Sensex snaps 3-day winning streak, down over 400 pts

3:26 PM

Eurozone inflation hits record 8.1% amid rising energy costs

Energy prices jumped 39.2%, highlighting how the war and the accompanying global energy crunch are making life more expensive for the eurozone's 343 million people. READ HERE

3:22 PM

MARKET CHECK: Bears tighten grip! Nifty 50 breaks below 16,600

3:18 PM

MARKET CHECK: Sensex extends slide by over 400 points

3:13 PM

Nifty Bank down over 1%; ICICI Bank sole gainer in the index

3:07 PM

Coffee Day surges over 3% after revenues rise 2.81% in Q4

2:57 PM

NCC soars over 4% on bagging orders worth Rs 6,388 cr

NCC has received three orders aggregating Rs 6,388 crs (exclusive of GST) in May. 

 

 

2:48 PM

Hind Aeronautics, M&M touch 52-wk highs among BSE 500

 

2:38 PM

Anupam Rasaya, Natco Pharma, Bajaj Consumer hit 52-week lows among BSE500

 

2:29 PM

Flipkart promotes several leaders as it gears up for IPO and US listing

These leaders have been instrumental in delivering impact and creating long-term value for the e-commerce giant. Read more

Flipkart (Photo: Bloomberg)

2:20 PM

Metal stocks sharply outperform weak market

 

2:14 PM

This consumer electronics stock zoomed 2500% in 2 years; hits new high

The stock of PG Electroplast has surged 30 per cent in two days after the company posted strong operational performance in March 2022 quarter (Q4FY22) that signaled robust outlook. Read here

2:07 PM

Indian house prices set to rise again despite higher rates, shows poll

A lack of demand has kept India's property market relatively quiet during the pandemic compared with other world markets that rocketed higher as households scrambled to buy more living space. Read here

2:07 PM

Flipkart promotes several leaders as it gears up for IPO and US listing

Flipkart has promoted several of its leaders into newer roles at a time when the Walmart-owned e-commerce giant has internally raised its IPO (initial public offering) valuation target to about $60 billion and aims for a US listing in 2023, according to the sources READ MORE.

1:55 PM

European markets trade with cuts in early deals

 

1:47 PM

India Q4 GDP: Inflation may have slowed down growth to just 4%, says poll

Soaring prices and the subsequent hit to consumer spending and investments are likely to further dampen India's economy, economists said. Read here

1:37 PM

Global refiners struggle to meet global demand amid high prices, shortage

Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the US and Brazil. READ HERE