Sensex falls 992 pts from day's high, ends 137 pts down; SBI sheds 5%

CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates

4:15 PM

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

The Nifty 50 index continued to witness selling pressure and ended the week on a negative note. The trend remains negative in the near term and closes above 16400 and will only resume the uptrend. The downside support is placed at 15600-15500 levels and if fails to sustain above this will witness further correction.
 

 

 

4:10 PM

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

High domestic inflation data failed to spook investors since the recent selloff has already absorbed the ongoing uncertainties in the market. Domestic markets witnessed a rebound as buyers took the recent correction into their advantage following the trend of the global market. However, the weakness seen in the banking sector triggered a late selloff. The US Fed cautioned against an aggressive policy stance in order to bring inflation under the Fed’s comfort zone of 2%.

4:06 PM

European markets edge higher in trade

4:00 PM

US equity futures trade on a positive note

3:55 PM

Closing bell: Over 2,000 stocks advanced whereas 1,172 declined

3:52 PM

Closing bell: Auro Pharma, Axis Bank among stocks that hit 52-week low

3:50 PM

Closing bell: Hindalco, SBI, JSW Steel top Nifty 50 losers

3:47 PM

Closing bell: Tata Motors, Sun Pharma, M&M top Nifty 50 gainers

3:44 PM

Closing bell: Broader markets firm; India Vix slips below 4%

3:42 PM

Closing bell: Nifty Auto best sectoral performer

3:38 PM

Closing bell: All sectoral indices sizzle in green

3:37 PM

Closing bell: 14 out of 30 Sensex stocks close in positive zone

3:36 PM

Closing bell: Sensex sheds over 100 points

3:32 PM

Closing bell: Nifty 50 closes below 15,800 levels

3:17 PM

Poonawalla Fincorp surges 20% post March quarter results

Shares of Poonawall Fincorp (formerly known as Magma Fincorp) surged 20 per cent to Rs 259.80 on the BSE in Friday’s trade after the company reported consolidated profit after tax (PAT) of Rs 119 crore, on the back of strong operational performance in March quarter (Q4FY22). READ MORE HERE

3:00 PM

Bandhan Bank Q4FY22 income up 43% to Rs 3,504.2 cr; profit at Rs 1,902.3 cr

Net NPAs or bad loans reduced significantly to 1.66 per cent, from 3.51 per cent. Read here

2:52 PM

Dilip Buildcon bags Rs 1,955 crores-order, stock spikes 7%

Dilip Buildcon has been declared the lowest bidder for a project in Chhattisgarh, worth Rs. 1,955 crores. 

 

2:44 PM

BSE IPO index sharply bucks market trend, up 3%

 

2:34 PM

MARKET CHECK: Sensex erases gains, up 200 pts; ICICI, HDFC Bank weigh

2:25 PM

Greaves Cotton zooms 11% as company's E-Mobility biz turns profitable in Q4

However, despite of today's rally the stock has underperformed the market by declining 28 per cent in the past one month as against a 8 per cent fall in the Sensex. READ MORE HERE

2:25 PM

LIC Housing Finance increases home loan rate to 6.9% for select borrowers

For borrowers with CIBIL score of 700 and above, the rate hike has been limited to only 20 bps, LIC Housing Finance said in a statement, adding that the revised rates are applicable from Friday. Read here

2:08 PM

New Zealand's annual food prices rise 6.4%, hike across all food categories

"Inflation of food prices has generally been increasing since a low of 0.5 percent in the year to March 2021," consumer prices manager Katrina Dewbery said in a statement. READ MORE HERE

1:57 PM

European markets rebound, firmly higher in trade

1:45 PM

Delhivery IPO fully subscribed despite challenging market conditions

The institutional investor portion of the Delivery IPO issue was subscribed for nearly two times. READ MORE HERE

1:37 PM

SBI Q4 result: Profit up 41% to Rs 9,113 cr; announces dividend of Rs 7.10

The numbers missed Street estimates, which was expecting the net profit to rise in the range of 63-72 per cent YoY to come in between Rs 10,493 crore and Rs 11,056.7 crore. Read more

1:31 PM

Nifty Auto surges over 3% led by Tata Motors, Ashok Leyland

1:20 PM

Coforge, Mindtree: Tech charts show short-term rebound in mid-cap IT stocks

Tech stocks globally have been roiled in the market meltdown since the start of 2022. The Nifty IT index, too, has lost 22 per cent so far in the current year on the National Stock Exchange (NSE), and is showing no signs of recovery. Read more

1:14 PM

IPO Update :: Delhivery issue finally sails through on QIB push

1:12 PM

Smallcap index outshines benchmark indices, up 2.7%

 

12:59 PM

Staffing firm FirstMeridian files papers for Rs 800-cr IPO with Sebi

The Bangalore-based HR services platform plans to raise Rs 50 crore in fresh capital through the IPO and the remaining Rs 750 crore will be an offer for sale by existing shareholders. Read here