Sensex ends 277pts lower, Nifty 73pts; L&T, Bajaj twins slip; banks rebound

In the primary market, Venus Pipes & Tubes IPO was subscribed 2 times on Day 1 of the offer period; Delhivery IPO was off to a slow start.

4:04 PM

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

Nifty recovered smartly from the day's low before closing with a marginal loss. On the lower end, it found support at 16000 as it closed at 175 points off the day's low. On the daily chart, a large lower wick indicates buying at the lower level. On the higher end, the Nifty is likely to move towards 16400. On the lower end, support is seen at 16100/15950.

 

4:01 PM

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

Indices displayed extreme volatility today ahead of the CPI & IIP data this week. While we did see a sharp recovery in Indices during afternoon trade, the market breadth was very weak with several stocks in the broader market taking a big knock-on selling pressure as the small-cap index lost 3 per cent today.

4:00 PM

European markets trade on a positive note

3:58 PM

US equity futures edge higher ahead of inflation data

3:55 PM

Closing bell: Over 2,500 stocks declined whereas 806 advanced

3:49 PM

Closing bell: Smallcaps underperform Midcaps; India Vix climbs above 2%

3:46 PM

Closing bell: Shree Cements, Bajaj Finserv, L&T top Nifty 50 laggards

3:45 PM

Closing bell: ONGC, Axis Bank, IndusInd Bank top Nifty 50 leaders

3:40 PM

Closing bell: Nifty Realty best sectoral performer

3:37 PM

Closing bell: Nifty IT worst sectoral performer

3:35 PM

Closing bell: Sectors swing between gains and losses

3:34 PM

Closing bell: Only 10 out of 30 Sensex stocks close in positive territory

3:32 PM

Closing bell: Sensex closes lower by over 250 points

3:32 PM

Closing bell: Nifty 50 slips below 16,250 levels

3:27 PM

Venus Pipes IPO fully subscribed within first few hours of opening

The category meant for retail investors received 2.59 times subscription, while the portion for non-institutional investors got subscribed 34% and QIBs 30%. READ MORE

3:21 PM

Realty stocks defy market mood; Phoenix Mills surge over 4%

3:14 PM

Banks revive Sensex from day's low; Axis Bank, IndusInd Bank top contributors

3:10 PM

Profit-booking in IT stocks; Wipro hits 52-week low

3:07 PM

Tyre makers' capital expenditure to rise to Rs 5,000 cr in FY23: CRISIL

The report is based on the analysis of the top six domestic tyre makers, who account for 80 per cent of the Rs 75,000 crore of the sector, CRISIL said. READ HERE

2:58 PM

Relief for brokers as Sebi relaxes norms for calculating peak margins

Broker's lobby had requested a change in the procedure for upfront collection of peak margins from clients in both cash and derivatives segment. Read more

2:48 PM

Delhivery IPO off to slow start; subscribed 5% so far on day 1

The retail investor category was subscribed the most by 25 per cent. 

Photo: Bloomberg

2:37 PM

Infosys hits over 10-month low; stock down 14% in a month

In the past one month, the stock of information technology (IT) major has declined 14 per cent after operating performance missed estimates in March quarter (Q4FY22). Read here

2:28 PM

Tata Motors expands EV range, launches Nexon EV MAX at Rs 17.74 lakh

The model produces 105 kW (143 PS) of power and delivers a torque of 250 Nm, resulting in 0 to 100 sprint times in under 9 seconds. Read here

2:16 PM

Should you buy Voda Idea post Q4 results or wait? Here's what the chart say

The stock has declined more than 50 per cent from its 52-week high touched in December 2021; Charts indicate the best way to approach the stock is to stay on the sidelines for now. Read more

2:02 PM

Adani Port defers Q4 results release to May 24; stock slips 1%

Adani Port says board meet to consider Q4 financial results rescheduled to May 24

 

 

1:53 PM

Current CEO Vikram Limaye not part of new CEO selection process, says NSE

The National Stock Exchange (NSE) has said its current managing director (MD) and chief executive officer (CEO) Vikram Limaye is not involved in the selection process of his successor. Read here

1:42 PM

How a weaker rupee will impact the Indian economy and people?

Indian rupee touched an all-time low against a surging US dollar. Every 5% fall in the rupee adds about 10-15 bps to the inflation. So, what does a weaker rupee mean for the Indian economy? LISTEN HERE

1:32 PM

European markets gain ahead of US inflation data

source: finance.yahoo.com

1:20 PM

Global Check:: US stock futures trade marginally higher

1:05 PM

BSE 500:: Volume Shockers

Macrotech Developers registered over 57-fold jump in trading volume on the BSE with more than 2.91 lakh shares changing hands so far today as against the five-day average volume of 5,000-odd shares. Similarly, Dishamn Carbogen, Gujarat Gas, Poly Medicure and Indiabulls Housing were some of the other prominent stocks to witness unusually high volume in trades on Wednesday.