Sensex falls 305 pts, Nifty gives up 17,250; Paytm slides 4%, HDFC 2%

CLOSING BELL: HDFC, Bharti Airtel, Cipla, Britannia, Sun Pharma, Maruti, and Bajaj Auto were the major drags today

4:10 PM

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

Nifty capitulated the early gains as it failed to sustain the selling pressure at the higher level. The 61.80% Fibonacci retracement around 17330 has acted tough resistance on a closing basis. Therefore, Nifty needs to push itself above 17330 decisively to witness meaningful upsides over the next few days. On the lower end 17200 is likely to act as immediate support.
 

4:09 PM

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

After the recent rally, market is getting cautious. Volatility is back due to inflationary pressures triggered by supply constraints. While consistently rising input cost & fall in demand due to surge in covid cases in parts of the world, war & high commodity prices are impacting earnings growth which can lead to downgrade in outlook. An end to the war & rise in supply can help India to sustain it resilience or else it will be a challenge in the short-term.

4:07 PM

Market view: S Ranganathan, Head of Research at LKP Securities

Today being the Second Anniversary of the Covid lows, Nifty50 has indeed traversed a long way by posting a whopping 127% return since then. The Indian Investor has displayed the courage in transforming the investing landscape by believing in Equities as an asset-class even as FPIs pulled out big time. Metals bucked the general trend today led by Steel & Aluminium stocks on the back of price hikes. In the broader markets, the Midcap Index too posted smart gains with select constituents recording big gains today on the back of huge volumes.

4:05 PM

European markets wipes off opening gains

4:01 PM

US equity futures trade on a negative note

3:59 PM

Brent crude boils nearly $118 a barrel

3:56 PM

NEWS ALERT: EU approves aid for firms impacted by Ukraine war

3:54 PM

Rupee weakens 16 paise versus US dollar

3:49 PM

Closing bell: Cement stocks trade mixed on input cost rise worries

3:47 PM

Closing bell: Over 1,200 stocks declined while 823 advanced

3:44 PM

Closing bell: Nifty Metal top sectoral performer; Jindal Steel, SAIL shine above 3%

3:42 PM

Closing bell: Midcaps outperform Smallcaps; India Vix shoots above 2%

3:40 PM

Closing bell: Nifty Auto sheds over 1%, ends as worst sectoral performer

3:38 PM

Closing bell: Kotak Bank, HDFC, Britannia lead Nifty 50 declines

3:36 PM

Closing bell: Divi's Lab, Hindalco, Tata Steel top Nifty 50 gainers

3:34 PM

Closing bell: Metal, pharma stocks trade firm in a weak market

3:33 PM

Closing bell: 18 out of 30 Sensex stocks close in red

3:32 PM

Closing bell: Sensex closes lower by over 300 points

3:31 PM

Closing bell: Nifty 50 closes in red below 17,250 levels

3:22 PM

Fertilizer stocks down in the dumps post urea production push

3:13 PM

Mild gains seen in tobacco stocks

2:59 PM

Auto stocks take a backseat; Maruti, Bajaj Auto, Hero Moto slump over 1%

2:50 PM

Paint stocks under pressure as Brent crude hovers around $116 a barrel

2:42 PM

Steelmakers shine in trade as companies mull price hike

2:29 PM

European markets trade on a positive note

2:24 PM

UK inflation hits fresh 30-year high of 6.2%

2:17 PM

Steel stocks in focus; SAIL gains 4%, Jindal Steel hits 52-week high

Shares of steel companies were in focus in an otherwise weak market after reports emerged that India's top steelmakers have hiked prices of rebar and HRC (Hot Rolled Coil) by Rs 1,500-Rs 2,000 a tonne due to inflated raw material cost. READ MORE HERE

2:10 PM

Domestic broking industry's revenue growth to moderate in FY23, says ICRA

“We expect the markets to remain volatile, going forward, amid various domestic and international cues. While the transaction volumes have reported a month-on-month growth, primarily led by the derivatives segment, prolonged subdued capital markets could have a bearing on the cash segment turnover and other allied capital market businesses, which, in turn, could impact the industry’s earnings,” said Samriddhi Chowdhary, vice president – Financial Sector Ratings, ICRA Ratings. READ MORE

1:48 PM

HDFC approves over Rs 2 lakh crore retail home loans in FY22; Stock declines over 2%

1:44 PM

Metal stocks lend strength; SAIL shines above 4%