Sensex falls 388 pts, Nifty holds 17,500; private banks shine, metals crack

CLOSING BELL: Axis Bank, Kotak Bank, Maruti Suzuki, Power Grid, SBI Life, and ICICI Bank were the top winners on the benchmark indices, rising upwards of 0.5 per cent each

4:03 PM

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

Nifty slipped lower as it broke the support of 17600. On the lower end, it found support around 17400 before closing about 90 points off the day's low. The bias, however, remains weak as the Nifty ended below the support of 17600, which is likely to act as resistance going forward. On the lower end, 17400 may continue to act as support below which the Nifty may witness a serious correction.

 

4:02 PM

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

Hyperinflation & risk of a policy rate hike are placing the global market on its toes and are impacting the performance of equities with a rise in yield.  Inflation in India is also expected to be on the higher side in Q1FY23, it is expected to subside due to a reversal of commodity prices and improvement in supply. The domestic market is also cautious in anticipation of Q4 results.

3:56 PM

Rupee depreciates 23 paise against US dollar

3:53 PM

Closing bell: Over 1,500 stocks declined whereas 545 advanced

3:50 PM

Closing bell: Hindalco, Coal India, Grasim top Nifty 50 losers

3:49 PM

Closing bell: Axis Bank, Kotak Bank, Power Grid top Nifty 50 gainers

3:47 PM

Closing bell: Nifty Realty ends as worst sectoral performer

3:43 PM

Closing bell: Broader markets trade tepid; India Vix slips in red

3:40 PM

Closing bell: Barring banks and autos, all sectors close in negative zone

3:38 PM

Closing bell: Sensex closes lower by over 350 points

3:38 PM

Closing bell: Only 8 Sensex stocks close in positive territory

3:33 PM

Closing bell: Nifty 50 slips below 17,550 levels

3:21 PM

Bandhan Bank hits 6-month high; gains 9% in 3 days post HDFC stake sale

Shares of Bandhan Bank hit six-month high of Rs 335 in an otherwise weak market, up 4 per cent on the BSE in Tuesday's intra-day trade. READ MORE HERE

 

3:18 PM

Energy basket lose steam; Tata Power slips below 3%

3:04 PM

Coal India's capital expenditure grows 12% to Rs 14,834 cr in FY22

The capex boost of Coal India was to catalyse the output growth and align it with evacuation outlets. READ MORE HERE

3:00 PM

Shriram City eyes four-fold rise in gold loan portfolio in five years

Shriram City Union Finance Ltd. (Shriram City), a part of the Shriram Group, has set a target of increasing its gold loan book by nearly four-fold to Rs 20,000 crore in the next five years, a top company executive has said. Read here

2:51 PM

Indian Oil removes Russian Urals from latest tender, says report

Indian Oil Corp (IOC) has excluded several high-sulphur crude grades, including Russian Urals, from its latest tender, trade sources said on Tuesday. Read the Reuters report.

2:45 PM

Axis Bank, Kotak Bank, ICICI Bank, M&M, Maruti rise 1%

2:38 PM

MARKET CHECK: Sensex recoups 400 pts from day's low as Banks gain

 

2:29 PM

EVs present an opportunity of almost Rs 3 trn for stakeholders: CRISIL

Electric vehicles (EVs) present an opportunity of almost Rs 3 trillion for various stakeholders in India over the next 5 years through fiscal 2026, a CRISIL analysis indicates. Read more

2:22 PM

Private Banks seen turning into green, Nifty index sole gainer

 

2:14 PM

European markets open with cuts, ECB to meet Thursday

source: finance.yahoo.com

1:59 PM

S&P BSE Sensex near lows of the day, down nearly 550 points

1:46 PM

Shipbuilding stocks in focus; Garden Reach, Mazagaon Dock hit record highs

As reported by Business Standard, the political and economic uncertainties in Sri Lanka and the congestion at the Colombo port are forcing more ships to turn towards Indian ports in recent months. READ MORE

1:41 PM

BSE 500:: Volume Shockers

Team Lease, KEC International, Rites, City Union Bank and CCL Products among others to witness unusually high volume in trades so far today.

1:33 PM

Titagarh Wagons, Texmaco Rail: Wagon manufacturers eye up to 14% upside

The stocks are exhibiting positive trend amid reports that Indian Railways is expected to add 100,000 wagons over the next three years. READ MORE

1:24 PM

Crisis-hit Sri Lanka announces debt default due to low forex reserves

Faced with critically low forex reserves, Sri Lanka on Tuesday announced that the crisis-stricken country will default on its external debt pending a bailout package from the International Monetary Fund. READ MORE

1:14 PM

Infosys Q4 preview: Will high costs dent margin? What top brokerages expect

Analysts expect the Bengaluru-based firm to post flat-to-negative EBIT margin due to higher attrition, lower utilisation, and rising travel expenses. READ MORE

1:06 PM

IT shares, barring TCS, largely on slippery ground

Infosys, Wipro, Tech Mahindra were down around 2 per cent each. L&T Technology shed 4.2 per cent.

12:58 PM

Birlasoft, Adani Power seen losing ground in the last one hour of trades

Birlasoft, Adani Power, Chalet Hotesl, KPR Mills, Varroc Engineering were seen losing ground in the last one hour of trades.