Sensex drops 483 pts as yields hit 3-yr high; IT stks drag, Paytm leaps 12%

CLOSING BELL: More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, Asian Paints, HDFC, and HDFC Bank

4:13 PM

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

The market remained sideward throughout the session as the benchmark Nifty failed to give a directional move. On the higher end, the index found resistance around the previous closing on the daily chart. However, Nifty on the daily chart has formed an inside day bar which suggests indecisiveness. On the lower end, support is visible at 17600/17400. On the higher end, the resistance is seen at 17800.

4:11 PM

With Rs 4.2 trn m-cap, Adani Green is now India's 10th most valued firm

Adani Green Energy entered the list of top-10 most valued companies, in terms of m-cap, in the country on Monday after the stock price of the company zoomed 20 per cent to hit a new high. READ MORE HERE

4:10 PM

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

The market is wary ahead of the ECB meeting, the release of US inflation data, and the start of the domestic Q4 result season. Indian IT sector dragged due to weak result expectations on a QoQ basis. In this shortened week, the market is cautious as trading at the upper side of the trend and momentum has shifted from broad to stock-specific.

4:09 PM

Rupee closes flat against US dollar

4:08 PM

Brent crude cools off to $100 a barrel

4:07 PM

European markets trade volatile

4:05 PM

US equity futures trade in negative zone

4:03 PM

Closing bell: Over 1,100 stocks advanced whereas 922 declined

4:01 PM

Closing bell: Adani Green, Adani Transmission, Adani Total Gas hit 52-week high

3:56 PM

Closing bell: HCL Tech, L&T, Infosys top Nifty 50 losers

3:53 PM

Closing bell: Grasim, Adani Ports, Cipla top Nifty 50 gainers

3:51 PM

Closing bell: Nifty Energy best sectoral performer; Adani Green soars to 20%

3:50 PM

Closing bell: Midcaps outperform Smallcaps; India Vix spikes over 3%

3:37 PM

Closing bell: Only 8 Sensex stocks close in positive territory

3:36 PM

Closing bell: Most sectors bleed; Media, Realty stocks hold fort

3:34 PM

Closing bell: Sensex slips below 450 points

3:32 PM

Closing bell: Nifty 50 closes below 17,700 levels

3:20 PM

Axis Bank, HDFC Bank weigh Nifty Bank down

3:15 PM

Energy basket upbeat; Adani Green extends rally over 14%

3:07 PM

Gold dips as firmer Treasury yields, dollar counter Ukraine risks

Gold prices dipped in range-bound trading on Monday, as elevated Treasury yields boosted the dollar and countered support from uncertainty around the Ukraine war, while palladium rose after London's decision to block trading of the metal from Russia. READ MORE HERE

 

2:55 PM

ALERT: EU to discuss possibility of imposing sanctions on Russian oil

2:48 PM

European markets trade in red ahead of ECB meet on Wednesday

source: finance.yahoo.com

2:39 PM

UK economic growth slows down amid declines in manufacturing

Britain's economic growth slowed in February amid declines in the production of cars, computers and chemicals. Gross domestic product increased just 0.1% from a month earlier, down from the 0.8% growth reported in January. Read more

2:30 PM

RBI's surprise hawkish pivot spurs economists to move up rate calls

The Indian central bank’s unexpected signal that it’s heading toward exiting easy monetary policy is prompting some economists to revise their outlooks on the timing and number of rate hikes this year. Read more

2:20 PM

Moody's maintains 'stable' outlook for Indian banks on recovering economy

Rating agency Moody's has maintained 'stable' outlook for India's banking system. The operating conditions for banks will be stable, supported by improving consumer and business confidence, as well as improving domestic demand, Moody's said in a statement. Read more

2:18 PM

India's March fuel demand jumps 4.2%, hits 3-year high

Consumption of fuel, a proxy for oil demand, totalled 19.41 million tonnes, its highest since March 2019. Sales of gasoline, or petrol, were 6.2 per cent higher at 2.91 million tonnes from a year earlier. READ MORE
 

2:07 PM

ITC hits over 2-year high on strong earnings hope; up 25% thus far in 2022

Shares of ITC hit an over two-year high of Rs 273.10, up nearly 2 per cent on the BSE on Monday in an otherwise weak market. The stock has rallied 6 per cent in the past two sessions on expectation of strong earnings due to improved cigarette volumes. Read more

1:56 PM

Gold consumption highest among Indian middle-income group

Consumption of gold in Indian households is the highest among the middle income group – those with annual income between Rs 2 lakh and Rs 10 lakh – consuming an average of 56 per cent of the total volume of the yellow metal sold in the country in the last five years, said nationwide household gold consumption survey by India Gold Policy Centre (IGPC) at the Indian Institute of Management, Ahmedabad (IIM-A). Read the story here

1:47 PM

TCS Q4 result today: Here are top brokerage expectations on its performance

Shares of TCS were trading flat on the bourses on Monday. Analysts expect the company to report moderate revenue growth of 2.4-3 per cent in constant currency terms (cc) on a quarterly basis, aided by sustained demand momentum, spending on digital initiatives and ramp-up of deals. Read more

1:37 PM

ALERT: EU sanctions on Russia may include oil