Sensex gyrates 1,227pts, ends 779pts down; Maruti dips 6%, Coal India up 9%

Closing Bell: The benchmarks were bogged down by Maruti Suzuki, Dr Reddy's Labs, Bajaj Auto, Hero MotoCorp, ICICI Bank, HDFC twins, Eicher Motors, and Sun Pharma

4:13 PM

Nifty technical view : Crossing 16,700 can show further upside

<< Technically, Nifty has formed a Doji kind of candle on a daily time frame which suggests confusion between buyers & sellers.

<< On an hourly chart, the index has formed an Open Bullish Marubozu candle which suggests upside movement can be seen. Moreover, it has faced resistance from the falling trendline as well as 21-HMA, crossing above the same can show upside movement.

<< The index has tested the physiological level of 16500 levels, crossing above 16700 can show further upside. It may find support around 16,450/16,300 levels , while on the upside 16,800 may act as an immediate hurdle for the index. 

Views by Palak Kothari, Research Associate, Choice Broking.

 

4:12 PM

Ace investor Rakesh Jhunjhunwala hikes stake in Escorts; stock closes in green

4:09 PM

Banks bleed in trade; Bandhan Bank nosedives by over 4%

4:08 PM

Panacea Biotec hits 5% upper circuit as investors give thumb up to Mankind deal

Mankind Pharma will buy formulations brands of Panacea Biotec Pharma Ltd, subsidiary of Panacea Biotec Ltd, for India and Nepal markets for Rs 1,872 crore.

 

4:04 PM

Dr Reddy's, HDFC, HDFC Life, Nerolac Paints hit 52-week lows

 

4:03 PM

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

The strengthening of war drowned the global market, alarming the Indian market to start with substantial weakness. The negative effect was more on large-caps in-line with weak Q3 GDP data and downgrade of FY22 growth to 8.9% from 9.2%, by NSO. Mid & Smallcaps outperformed, in the context of the recent carnage of the broad market, making it a better pick. It makes sense to deploy the surplus cash in your portfolio in a step-by-step manner assuming stability in the future on a medium to long-term basis. The weakness subsided by the end of the day. However, volatility is expected in the near term given boiled crude price, state election outcome, and Fed policy status in the coming weeks

4:02 PM

India Ratings upgrades Chemplast Sanmar's long-term rating; stock climbs 10%

India Ratings and Research (Ind-Ra) has upgraded Chemplast Sanmar Limited's Long-Term Issuer Rating to 'IND A+' with Positive outlook. 

 

4:00 PM

GAIL, Adani Transmission fuel energy basket by over 5% gains

3:59 PM

Weak February sales volume hits Maruti Suzuki; stock bleeds by 6%

3:57 PM

NMDC jumps 6% on reporting 22% iron ore YoY sales growth in February

Mining major NMDC produced 4.31 million tonnes(MT) of iron ore and registered sales of 3.97 MT in February. This was an increase of 11.7% and 22.2% respectively, on a yearly basis, and  these were the best production and sales numbers for February since inception, the company said. 

 

3:53 PM

Airline stocks sulk as ATF fuel prices hiked by 3.3% to new highs

Amid rising global crude prices, aviation turbine fuel (ATF) prices have been hiked by 3.3 per cent, to an all time high levels across the country. ATF price was hiked by Rs 3,010.87 per kilo litre to ₹ 93,530.66 per kl in the national capital. Jet fuel makes up for almost 40 per cent of running expenses of airlines. 

 

3:53 PM

Hindustan Zinc drive metals pack ahead; stock shines over 11%

3:48 PM

Market bias holds equal weight; advance-decline ratio at 1:1

 

3:46 PM

Broader markets fare well, BSE MidCap, SmallCaps see mild cuts

chart

3:43 PM

Sectoral laggards : Market losses led by Banks, Financials, Auto; Metals continue rally for second day

Nifty Metals and Oil & Gas indices gained 4% and 1.2%, respectively. 

 

3:40 PM

Sensex Heatmap: 8 stocks end in green; Maruti, Dr Reddy's worst hit, Tata Steel, Reliance shine

 

3:38 PM

Clsoing Bell : Nifty50 holds 16,600, loses 189 pts or 1.12%

 

3:35 PM

Closing Bell : Benchmarks break 2-day gaining streak; Sensex sheds 778 pts

The Sensex tanked 1,227 points to hit intra-day low of 55,020 and recovered mildly in fag hours on reports Russia ready to continue talks with Ukraine. 

 

3:27 PM

Closing cues: Media, metal stocks extend gains; majority sectors in red

3:24 PM

Closing cues: Sensex off day's low, down over 600 points

3:20 PM

Nifty 50 off day's low, claws back above 16,600 levels

3:10 PM

News Alert: Russia 'ready' to continue talks with Ukraine

3:05 PM

Mfg PMI improves to 54.9 in Feb after 4-mth low in Jan as Covid curbs ease

India’s manufacturing activity picked up in February as state governments lifted Covid restrictions with waning of the third wave while favourable demand conditions supported an improvement in sentiment which reached the strongest since last October. However, a spike in commodity prices owing to the unfolding Russia-Ukraine war and likely disruption in overseas shipments may put downward pressure on domestic manufacturing activity. Read more here

2:50 PM

HDFC Bank dips 5%, nears 52-week low; stock down 10% in one week

Shares of HDFC Bank dipped 5 per cent to Rs 1,358 on the BSE in Wednesday’s intra-day trade on the back of persistent selling pressure in financial shares, mainly private institutions. READ MORE HERE

 

2:43 PM

All private banks down in the dumps; Bandhan Bank, HDFC Bank top losers

2:35 PM

Escorts rises over 1% on report Rakesh Jhunjhunwala ups stake in company

The ace investor has raised his stake in Escorts from 5.22 per cent to 5.80 per cent in February 2022, as per a Livemint report. 

 

2:24 PM

Hindustan Zinc, Coal India powering BSE Metal Index above 4%

2:14 PM

Rally in Metal index has more steam left; Vedanta may soar another 15%

The Nifty Metal index has surged over 9 per cent so far this week amid expectations that Russia-Ukraine conflict can significantly impact steel trade. The Metal index touched an intra-day high of 6,173 and is 140 points short of all-time high of 6,312 level touched in October 2021. READ MORE HERE

2:03 PM

Nuvoco Vistas surges 30% in 3 days after promoter increases stake

Shares of Nuvoco Vistas Corporation moved higher by 12 per cent to Rs 387 on the National Stock Exchange (NSE) in Wednesday's intra-day trade, extending their rally into third straight day. Read more here

 

1:53 PM

European indices mostly open with losses amid weak global sentiment