Indices end at 9-wk lows ahead of CPI inflation data; Sensex drops 1,158pts

CLOSING BELL :: The S&P BSE Sensex opened gap-down and sunk 1,386 points intra-day to hit a low of 52,702 levels

4:07 PM

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

Nifty continues its downwards journey as the benchmark Index has closed sharply in the red for the day. However, the Nifty has reached near the previous swing low on the daily chart. Bounce may come in the market if the Nifty manages to hold above the previous swing low of 15671. Failure to maintain above 15650 may trigger a further correction on the flip side.

4:04 PM

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

Yesterday’s release of higher-than-expected US CPI data suggests that the inflationary pressure will persist in the near term. However, it is presumed to have peaked and will gradually decline in-line with the ongoing fall in crude and other commodity prices, and slowdown in the economy. The Fed surprised the market with a hawkish stance, limiting liquidity, which limits further setbacks in the future. We can expect the market to stabilize as FIIs may reduce selling factoring inflation & Fed policy.

3:59 PM

Closing bell: Over 2,600 stocks declined whereas 748 advanced

3:53 PM

Closing bell: Broader markets muted; India Vix climbs above 8%

3:47 PM

Closing bell: Adani Ports, IndusInd Bank, Tata Motors top Nifty 50 losers

3:45 PM

Closing bell: Wipro, Eicher Motors, HCL Tech top Nifty 50 gainers

3:40 PM

Closing bell: Nifty PSU Bank worst sectoral performer; PNB, BoI hit 52-week low

3:38 PM

Closing bell: All sectors nosedive in red

3:36 PM

Closing bell: Only 2 Sensex stocks close in positive lane

3:35 PM

Closing bell: Sensex slides over 1,000 points

3:32 PM

Closing bell: Bears grip street! Nifty 50 closes below 15,850 levels

3:25 PM

PSBs extend slide; Nifty Bank slips below 4%

3:24 PM

Birla Corporation down 7%; stock hits 52-week low on growth worries

According to analysts at CRISIL, cement demand in India is expected to remain stable and grow between 5 per cent-7 per cent in the current financial year, if capital expenditure by state and union governments is unchanged. READ MORE

3:13 PM

Sebi mulling framework to encourage more ETFs in debt segment: Ananta Barua

The regulator wants to replicate the story as seen in the equity segment, where the ETFs and index funds have deepened retail investors' participation in the markets, Sebi's Wholetime Member Ananta Barua said. READ MORE

2:56 PM

NSE scam: Court denies bail to Chitra Ramkrishna, Anand Subramanian

Both Ramkrishna and Subramanian, currently lodged in Tihar Jail under judicial custody, have been charge-sheeted under various sections of the IPC. Read more

2:49 PM

CORPORATE UPDATE :: Ratnamani Metals to consider bonus issue on May 18

>> The Board of Directors will meet on Wednesday, May 18, 2022, to consider the proposal for declaration of Bonus Issue of Equity Shares 

>> The Board of Directors, subject to approval of the members of the Company at ensuing Annual General Meeting, shall also fix up record date for the purpose of Bonus Issue of Equity Shares.

>> If approved by the Board of Directors, issuance of the Bonus Shares will be placed for Shareholders' approval at the ensuing Annual General Meeting.
 

2:44 PM

JSW Infrastructure commissions Rs 1,300-cr Paradip East Quay coal terminal

JSW Infra already has an iron ore terminal at the Paradip Port with a capacity to handle 10 mtpa of iron ore/ pellets. This terminal is designed to load the cape vessels within 48 hrs. Read here

2:37 PM

MARKET CHECK :: Sensex sinks over 1,300 pts

2:30 PM

IPO Update :: Prudent Corporate Advisory subscribed 90% so far on final day

2:21 PM

European markets plummet as high US inflation dents sentiment

source: finance.yahoo.com

2:16 PM

Bitcoin falls to lowest in 16 months by $26,970, giving up 2021 gains

The world's largest cryptocurrency dropped as low as $26,970, to stand at its lowest since Dec. 28, 2020. In the last eight sessions, it has lost a third of its value, or $13,000. Bitcoin surged in 2021 to reach its all-time high of $69,000 that November. READ MORE

2:10 PM

ALERT :: All sectoral indices slide between 2-5%

2:07 PM

ALERT :: Nifty breaks below 15,800

2:03 PM

Byju's in talks with lenders for $1 billion to fund acquisition plans

The Bangalore-based market leader is in talks with banks, including Morgan Stanley and JPMorgan Chase & Co., for the funding to acquire another edtech company, people familiar with the matter said. Read here

1:53 PM

EXPERT ADVICE: Investors need extreme caution amid current volatility

As Nifty has breached 16000 mark today, further fall is possible and there will be no respite on the volatility front in the short term.

Investors must be cautious during these volatile times 
 

Buy for the long term and understand risks

Take advantage of the dip to enter into quality names and add stocks with good fundamentals, growth visibility, competitive advantages, and reasonable valuations.

Seek help from a qualified market professional in making your portfolio relevant to your goals.

Views by Santosh Meena, Head of Research, Swastika Investmart Ltd.

1:46 PM

Sensex crashes 1,000 points: Top 4 factors rattling investors' sentiment

US inflation data, possibility of aggressive rate hikes, record low rupee, and intense selloff by foreign portfolio investors are among the key factors that thumped stocks lower. Read here

1:37 PM

Sahara chief Subroto Roy likely to appear before Patna HC on Thursday

During the hearing on April 27, the Patna High Court had asked the lawyer of Sahara India to submit a detailed report on how Sahara India will return the money of investors of Bihar. READ MORE

1:31 PM

BSE 500:: Volume Shockers

TCI Express, Pfizer, NCC, Punjab National Bank and Orient Electric were some of the prominent stocks to witness unusually high volume in trades so far on Thursday.

1:23 PM

BSE Sensex 30 Heatmap:: IT stocks buck the trend

1:14 PM

S&P BSE Sensex languishes near the lows of the day, down 1,000 points