Sensex slides 366 pts, Nifty below 16,500; auto stocks bleed; IT dazzle

CLOSING BELL: Ultratech Cement, HDFC Life, Asian Paints, Shree Cement, Eicher Motors, SBI Life, and Tata Consumer Products were the top laggards, down up to 6.5 per cent

4:12 PM

Nifty technical view : Bearish candle suggests negative set up

<< Nifty ended lower after a volatile trading session. On the lower end 16,450 acted as support whereas on the higher end 16,700 acted as resistance. 

<< A bearish candle after doji suggests negative set up. On the lower end, 16,450 may remain a support, whereas, on the higher end 16,650-16,700 is likely to act as resistance

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

4:10 PM

Market closing commentary : Large -Caps drag by FII selling

<< The subdued trend of the domestic market continued however the level of volatility is reducing.

<< Today, large caps were more muted, dragged by FIIs selling, compared to the broad market.

<< The release of strategic reserves of oil in India & abroad along with increased output from OPEC is expected to ease crude prices in the future.

<< The Indian market will look at the state election exit poll data while the global market on war developments, BoE, and Fed policy meeting status from next week.

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

 

4:06 PM

Ramco Cements slides 6% after promoter group sold 1.27 lakh shares on Feb 28

 

4:03 PM

SmallCap Mukand gains on land sale agreement for Rs 806.14 crore

 

4:01 PM

Bombay Dyeing rises 4% on report company may demerge real estate arm

 

3:55 PM

Shipping Corp surges 17% on SEBI nod for demerger of its land/asset business

 

3:52 PM

Gujarat Gas, United Breweries, Ashok Leyland top BSE500 losers

 

3:50 PM

High fuel costs may weigh on cement companies' margins; stocks slide

 

3:47 PM

18 of 50 Nifty stocks close in positive zone; ONGC, UPL, Wipro top performers

 

3:44 PM

Broader markets subdued; SmallCaps buck weak trend, end in green

 

3:42 PM

Sectoral trend: Banks, Auto, Financials hit; IT, Metals, Energy stocks shine

 

3:38 PM

Sensex-30 heatmap : 20 shares decline; Ultratech Cement, Asian Paints slip up to 6%

 

3:36 PM

Closing Bell : Nifty50 shies away from 16,500, loses 108 pts

 

3:33 PM

Closing Bell : Sensex sheds 366 points to end volatile session; falls 890 pts from day's high

 

3:28 PM

Indian trade, current account deficit seen widening, rupee under pressure

India's trade and current account deficits are likely to widen, putting pressure on the rupee, as global oil prices surge and the domestic economy reopens from a third wave of the pandemic, economists and analysts said. Read more.

 

3:28 PM

Closing cues: 10 out of 30 Sensex constituents float in green

3:26 PM

HDFC Group stocks faltering in trade

3:17 PM

Ukraine war, oil prices may force RBI to re-think rate hike cycle: Analysts

The Russia-Ukraine conflict, which has extended the commodity bull-run, and likely interest rate hike by the US Federal Reserve in March may prompt the Reserve Bank of India (RBI) to re-think its policy normalisation schedule, say economists. READ MORE HERE

3:13 PM

Many sectors plunge in red; Metals, IT, Media stocks defy market mood

3:12 PM

Bears take control as Nifty 50 dives below 16,500

3:10 PM

Selling spree on the rise; Sensex slips below 55,000 levels

2:51 PM

Ukraine crisis: Payments stopped, Russian firms pressure Indian banks

Financial transactions between India and Russia have come to a grinding halt after Indian banks stopped remitting funds to firms for their exports even as Russian companies put pressure on the lenders. Most of the payments to Russian companies that are due are for defence-related items. READ MORE

2:51 PM

Cement stocks under pressure amid high oil prices

2:30 PM

US index futures slide into negative territory; Brent Crude past $117

source: investing.com

2:20 PM

Voda Idea surges 7%; board to consider proposal to raise funds today

Shares of Vodafone Idea (Vi) surged 7 per cent to Rs 11.17 on the BSE in Thursday’s intra-day trade in an otherwise slippery market ahead of the board meeting today to consider fund raising. The stock of telecom services provider quoted higher for the fourth straight day, and has rallied 16 per cent during the period. The stock had hit a 52-week high of Rs 16.79 on December 10, 2021. Read more.

 

2:09 PM

Bajaj Hindustan hits 5% upper circuit on board nod to seek capital restructuring

<< The board has granted in-principle approval for exploring/ evaluating various options for capital restructuring, realignment, resolution plan for debt, merger of power business in the group, demerger of its existing operations and other corporate restructuring to streamline the corporate structure. 

source: BSE Filing

1:59 PM

Market check : Sensex off lows, down 100 points in a volatile session

 

1:50 PM

European indices holding mild gains in early trade

source: yahoo.com

1:36 PM

Stock of this state-owned mining company has zoomed 120% in two months

Shares of Gujarat Mineral Development Corporation (GMDC) hit an over four-year high of Rs 162.15, rallying 18 per cent in Thursday’s intra-day trade on expectations of strong earnings due to rising commodity prices. READ MORE

1:26 PM

BSE 500: Top stocks trading near 52-week lows

HDFC, HDFC Bank, P&G and Britannia Industries stocks among the BSE 500 trading near 52-week lows.