Sensex snaps 5-day winning run, shed 709 pts; metal, energy stks worst hit

CLOSING BELL: Metal stocks including Hindalco, Tata Steel, and JSW Steel were among the worst hit stocks on the bourses as they shed between 3.7 per cent and 5.3 per cent

4:06 PM

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

Nifty formed a dark cloud cover on the daily chart as it found resistance around 200DMA on the daily chart. On the lower end, it found support at the upper band of the falling channel. Going forward, the index may remain in the green as long as 16640 is held decisively. On the higher end, resistance is visible at 16900-17000.

4:02 PM

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

The world equity market lost its momentum as new financial & trade sanctions were imposed on Russia along with the suspension of gas imports. It is a setback for the market sentiment, which was improving in anticipation of a truce in war. The Indian market was outperforming due to ease in commodity prices. World markets are also lower ahead of the US Fed meeting in which the market widely expects FOMC to initiate a rate hike.

3:57 PM

European markets tumble in trade

3:54 PM

Dow futures slump over 100 points ahead of US Fed meet

3:51 PM

Paytm shares hit fresh all-time low, drops below 12%

3:47 PM

Closing bell: Energy basket under pressure; ONGC slips below 4%

3:43 PM

Closing bell: Broader markets beaten; India Vix climbs above 4% ahead FOMC meet

3:41 PM

Closing bell: Over 1,400 stocks declined whereas 608 advanced

3:39 PM

Closing bell: Metal stocks lose sheen, NMDC down by over 5%

3:37 PM

Closing bell: Tata Steel, Hindalco weighs heavy on Nifty 50, dives below 5%

3:35 PM

Closing bell: IT, Media worst sectoral performers; Auto, FMCG hold the fort

3:34 PM

Closing bell: 23 out of 30 Sensex stocks sulk in red

3:33 PM

Closing bell: Sensex snaps 5-day winning streak, tumbles over 700 points

3:32 PM

Closing bell: Nifty 50 closes in red, sinks below 16,700 levels

3:27 PM

Sugar stocks in tandem with market mood

3:22 PM

Brent crude slips over 5% to $100 a barrel

3:19 PM

NEWS ALERT: UK imposes fresh economic sanctions on Russia

3:15 PM

Mixed trade for paint stocks as Brent crude cools off to $101 a barrel

3:12 PM

Paper stocks defy market mood; West Coast Paper soars above 6%

3:08 PM

Majority sectors sink in red; FMCG, Auto stocks hold gains

3:03 PM

Ruchi Soya zooms 42% in two days on Rs 4,300 cr follow-on public offer plan

Shares of Ruchi Soya Industries surged 18 per cent to Rs 1,140 on the BSE in Tuesday’s intra-day trade, zooming as much as 42 per cent in the past two trading sessions after the company announced plans to launch Rs 4,300-crore follow-on public offering (FPO) next week. READ MORE HERE

 

2:57 PM

ALERT: European member state leaders to visit Ukraine

2:47 PM

US stock futures extend losses; Dow Jones down over 200 pts

 

2:43 PM

Sensex heatmap: Only 4 out of 30 stocks struggle to stay in green

2:39 PM

Reliance, Infosys tank 3% with major contribution to Sensex's 1000 pts loss

 

2:38 PM

US Fed expectation :: Angel Broking

The US Fed Chair Speech shall be of utmost importance as traders will be looking out for indications about the pace of future rate hikes.

 

With inflationary pressures building in the US coupled with the Ukraine crisis that is fuelling a rally in commodities, traders are certain the Fed will kick off a tightening cycle and then raise rates at all six subsequent meetings this year.

 

According to the CME's Fedwatch tool, markets anticipate a 25 basis point rise at this meeting but pricing has risen to indicate a 70% chance of a larger 50 basis point hike at its subsequent meeting in May, due to concerns about inflation.

2:28 PM

Market in late deals: Sensex tanks 1,000 points, Nifty below 16,600

 

2:24 PM

NEWS UPDATE: Ukrainian Prez advisor says Russia-Ukraine now at crossroads

2:21 PM

ALERT : Russia-Ukraine war update

2:11 PM

Global markets :: Hang Seng sinks nearly 6%