Sensex falls 642pts from day's high, ends 38pts down; Tata Steel bleeds 12%

CLOSING BELL: The sharp knock in metal stocks came after he government levied export duty on 11 iron and steel intermediates and key steel products.

4:05 PM

Technical view: Kunal Shah - Senior Technical & Derivative Analyst at LKP Securities

The Nifty metal index on the back of government policy news witnessed a massive sell-off. The Index is trading at a very crucial support of 5,100 and if fails to sustain above it will lead to a further sell-off. The upside resistance stands at 5,800 and the index remains in a sell-on-rise mode.

4:00 PM

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

The government and RBI are making persistent efforts to moderate future inflation. Government fiscal measures like a hike in custom duty on steel and similar steps on other products in the future will help to control inflation. However, the hawkish monetary and fiscal measures adopted by RBI & Government will have a cascading effect on market & economy in the short to medium-term.

3:55 PM

Closing bell: Over 1,900 stocks declined whereas 1,452 advanced

3:50 PM

Closing bell: HPCL, JSW Steel among stocks that hit 52-week low

3:46 PM

Closing bell: Nifty Metal worst sectoral performer, sinks over 8%

3:44 PM

Closing bell: JSW Steel, Tata Steel, Divi's Lab top Nifty 50 losers

3:41 PM

Closing bell: M&M, Maruti Suzuki, HUL top Nifty 50 gainers

3:39 PM

Closing bell: Broader markets subdued; India Vix climbs above 1%

3:38 PM

Closing bell: Metal stocks bleed; Auto, IT stocks shine

3:36 PM

Closing bell: 11 out of 30 Sensex stocks close in negative territory

3:35 PM

Closing bell: Nifty 50 closes below 16,250 levels

3:30 PM

Govt likely to stick to fiscal deficit target, says RBI Governor Das

Shaktikanta Das says RBI wants to raise rates in the next few MPC meetings, at least at the next one in June. READ HERE

3:30 PM

Closing bell: Sensex closes flat, down over 500 pts from day's high

3:15 PM

Indian Hotels unveils 'Ahvaan 2025' for profitable growth; stock gains 4%

The company aims to build a portfolio of 300 hotels, clock 33 per cent EBITDA margin with 35 per cent EBITDA share contribution from new businesses and management fees by FY 2025-26. READ HERE

3:07 PM

Aether Industries' IPO opens on Tuesday: Should you subscribe?

Analysts believe that Aether's multiple chemistry competencies to use for a wide array of products makes it a distinguished market player than other chemical companies. READ HERE

2:54 PM

India set to be leader in green hydrogen: Petroleum Minister Puri

Union Petroleum and Natural Gas Minister Hardeep Puri said said special emphasis is being given on green hydrogen, biofuel blending and exploration and production of biofuel from alternative sources. READ HERE

2:44 PM

Tata Power, Tata Motors to develop 7MWp solar rooftop in passenger vehicles

Tata Power and Tata Motors have collaborated to develop a 7 MWp solar rooftop project at the latter's passenger vehicle plant in Chikhali, Pune. READ HERE

2:36 PM

Jet Airways hires senior executives as it prepares to take wing again

The Kalrock-Jalan consortium which is reviving the grounded airline on Monday announced the appointment of senior executives in charge of engineering, inflight product and services, sales, and digital. READ MORE

2:30 PM

Oil prices at $110/barrel pose 'bigger threats' than inflation: Puri

"If oil prices remain at $110 (per barrel) you are not just talking about inflation, then you're talking about bigger threats. You know, that's where the R (recession) word comes in," Puri told CNBC TV18 in an interview at Davos.

 

"And if the global economy goes in that direction, everyone, including the oil producers, everyone will have to face the consequences then inflation," he said. READ MORE

2:30 PM

Adani Power, Chennai Petroleum, HAL among stocks that hit 52-week high

2:15 PM

Energy basket under pressure; ONGC slips over 4%

2:08 PM

S&P BSE Sensex off day's high, now up 260 points

1:57 PM

HPCL, BPCL, IOC: Will OMC stocks remain under pressure on excise duty cut?

According to the current chart structures, shares of OMCs needs to hold their relevant support levels to stay afloat. READ MORE

1:48 PM

Amara Raja Batteries slips 6% on disappointing Q4 operational performance

In Q4, Ebitda declined by 31 per cent year on year to Rs 220 crore due to lower-than-expected revenue and delay in passing on commodity inflation. READ MORE

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1:40 PM

US stock futures:: Dow, S&P 500, Nasdaq gain up to 1% each

Source: Investing.com

1:31 PM

Sensex 30 Heatmap:: Maruti, M&M shine; Tata Steel whines

1:21 PM

Mahindra to explore partnership options for electric vehicle parts

Mahindra last week signed a partnership agreement with Volkswagen in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker. READ MORE

1:12 PM

BSE 500:: Top losers so far

Jindal Steel has slumped almost 17 per cent. Jindal Stainless duo, JSW Steel, Tata Steel, NMDC and SAIL were the other major losers, down over 10 per cent each.

1:01 PM

Analysts expect Paytm shares to more-than-double from here on. Here's why

While investors have preferred to stay on the sidelines on Paytm stock, Goldman Sachs believes the risk-reward for Paytm are skewed to the upside. READ MORE

12:53 PM

BSE 500:: Top gainers so far

Sequent Schientific and Nilkamal have zoomed over 13 per cent each. Mahindra Logistics, JSW Energy and V-Mart Retail were the other major gainers, up nearly 9 per cent each.