Sensex falls 954 pts, Nifty below 17,050 amid growth concerns; IT stocks up

CLOSING BELL: In the broader markets, the BSE MidCap index fell 2.85 per cent, and the BSE Smallcap index declined 3.33 per cent

4:11 PM

MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services

The soaring dollar as a result of aggressive monetary tightening, slowing economic growth and rising demand from cautious investors are causing turbulence in the global equity market. This is creating mayhem in the domestic market led by weakening INR, elevated bond yields and pessimistic trends of Asian peers. Only the IT sector, which exhibited the weakest performance in the last 1yr, defied the trend in anticipation that the global recession is mostly factored in the price and are trading at reasonable valuation.

4:06 PM

GLOBAL CHECK | European markets tepid amid weak global sentiments

4:03 PM

GLOBAL CHECK | US equity futures subdued: Dow Futures down 200pts

3:57 PM

World shares mixed; British pound falls to all-time low on tax cut concerns

The British pound's slide against the dollar picked up pace last week after the UK's new government outlined plans to cut taxes and boost spending. READ MORE

3:52 PM

MARKET COMMENT | Vineet Bagri, Managing Partner- TrustPlutus Wealth

The selloff in the pound, unrelenting rise in the dollar index, weakening rupee and the impending RBI meet in the latter part of this week should keep markets on the tenterhooks. Nonetheless, we continue to believe in the relative outperformance/strength of Indian markets vs emerging/developed economies. We believe one needs to look beyond these current worries and use the bouts of volatility to invest in steady compounding stocks which are in secular businesses.

3:47 PM

Adani Ports, Tata Motors, Hindalco top Nifty50 losers

3:44 PM

HCL Technologies, Infosys, Asian Paints top Nifty50 gainers

3:41 PM

Broader markets bleed over 3%; India VIX jumps 6%

3:38 PM

SECTORAL CHECK | Nifty Metal, Nifty Realty indices worst sectoral performers

3:35 PM

SENSEX HEATMAP | 7 out of 30 index constituents close in green

3:33 PM

CLOSING BELL: Nifty50 closes below 17,050, down 300 points

3:31 PM

CLOSING BELL: Sensex closes over 950 points lower

3:23 PM

PVR to invest Rs 350 cr in 100 new screens; expects Inox merger by Feb 2023

Film exhibition company PVR Cinemas will invest up to Rs 350 crore to open 100 new screens in FY23, a top official said on Monday. READ MORE

3:18 PM

Paint stocks mixed in a bearish market after Brent slips below $90/bbl

3:07 PM

IT stocks perk up in a weak market: Coforge climbs over 2%

3:01 PM

ALERT :: Germany stares at potential recession by 2023

2:53 PM

BSE Stats :: Less than 1,000 stocks in the green vs nearly 3,000 in the red on the BSE today

2:43 PM

NEWS ALERT :: Fin Min denies reports of Power Grid buying PFC's share in REC, say reports

>> Power Ministry to issue clarification soon

>> Stock had plunged over 8% earlier today

2:34 PM

Shanthi Gears up 9%, hits record high in a weak market on healthy outlook

In the past five weeks, the market price of SGL has soared 47 per cent, as against 1 per cent decline in the benchmark index. In the past six months, the stock zoomed 86 per cent, as compared to an unchanged Sensex. READ MORE

2:20 PM

Crypto exchange Binance seeks permit to return to Japan market after 4 yrs

Japanese Prime Minister Fumio Kishida’s agenda for reinvigorating the economy under the rubric of “New Capitalism” includes support the growth of so-called Web3 firms. The term “Web3” refers to a vision of a decentralized internet built around blockchains, crypto’s underlying technology. READ MORE

2:12 PM

ALERT :: Will review Windfall Tax on Sept 30-Oct 1, says Revenue Secretary Tarun Bajaj

>> Re-evaluation to be done will be based on data

2:00 PM

Global cues :: European markets choppy

>> European stocks were choppy on Monday as investors continued to weigh the deteriorating economic outlook in the region.

>> The pan-European Stoxx 600 was down 0.4% around an hour into trading

1:51 PM

IPO-bound boAt parent to scale up local manufacturing for global expansion

It expects to manufacture 60 lakh units (nearly double its present output) in H1 of FY23 under its make-in-India strategy and scale it further as the demand and market reach grow, which will also help it launch products faster and at lower prices, Aman Gupta, the co-founder and chief marketing officer, told PTI. READ MORE

1:38 PM

Global Check:: US stock futures off lows; UK seen marginally in green

Source: Investing.com

1:30 PM

BSE 500:: Stocks recovering smartly from the lows of the day

Westlife Development has gained nearly 8 per cent from the lows of the day so far. Hikal, Jindal Stainless, VIP Industries and Brigade Enterprises were some of the other prominent movers among the BSE 500.

1:20 PM

Indian rupee may sink to 82.50 against towering dollar, funding gap: IDFC

The Indian rupee could decline to 82.50 against the dollar by March, driven by the greenback's surge and the country's balance of payment deficit, IDFC First Bank said in a research note. READ MORE

1:12 PM

Market Check:: Select IT stocks bounce back, Infosys gains 2%

Select beaten down IT stocks witnessed renewed buying in trades on Monday. Infosys in particular was up nearly 2 per cent.

1:02 PM

WAPCOS files IPO papers with Sebi as govt sets new divestment targets

The public issue will be a complete Offer For Sale (OFS) of up to 32,500,000 equity shares by the promoter, Government of India, according to the Draft Red Herring Prospectus (DRHP). READ MORE

12:53 PM

Global Check:: Asian markets witness deep cuts across

Source:  Yahoo Finance

12:44 PM

Market Check:: Sensex off lows, down 630 points; Nifty reclaims 17,100