Sensex down 413pts, Nifty holds 17,850; Ceat soars 20%, MRF 7%; IT stks dip

CLOSING BELL: IT, pharma, and select metal stocks reeled under pressure today with Hindalco, Infosys, Cipla, Tech M, Tata Steel, Divis Labs, and Apollo Hospitals leading the list of Nifty losers

4:12 PM

GLOBAL CHECK: European markets mixed post modest gains in global markets

4:10 PM

GLOBAL CHECK: US equity futures inch up as rate hike fears recede

4:04 PM

World shares mostly higher after wobbly yield of gains on Wall Street

The central bank has already raised its benchmark interest rate four times this year, with the last two increases by three-quarters of a percentage point. READ MORE

3:55 PM

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

Defying the positive trend of global markets, domestic indices shed its early gains, dragged by losses in IT and pharma sectors, while mid & small caps outperformed. Fears of a recession in the global economy exacerbated selling pressure in IT and pharma stocks. Mid & small caps are expected to continue its trend in the short to medium term as they are trading reasonably well compared to large caps and at a discount to their historic valuation. Globally, in light of the elevated inflation in the US, investors are on an edge, assessing the possibility of a higher magnitude of a rate hike in the next Fed policy meeting.

3:51 PM

Hindalco, Tech Mahindra, Infosys top Nifty50 losers

3:48 PM

Maruti, Eicher Motors, Adani Ports top Nifty50 gainers

3:45 PM

Nifty Metal index ends as worst sectoral performer, drops over 2%

3:43 PM

Nifty Auto, Nifty Metal indices hold marginal gains

3:41 PM

Midcaps outperform benchmark; India Vix closes in green

3:38 PM

SENSEX HEATMAP: Only 7 out of 30 index counters close in green

3:36 PM

CLOSING BELL: Sensex closes 400pts lower, slips below 60,000-mark

3:32 PM

CLOSING BELL: Nifty50 closes below 17,900 levels, down 100pts

3:24 PM

Sugar stocks upbeat in a weak market

3:16 PM

Ambuja Cements, ABFRL, Allcargo Logistics among stocks that hit 52-week high

3:04 PM

Major European indices gain

2:58 PM

Tata Consumer appoints David Atkinson to head its UK, Ireland business

Tata Consumer Products (TCP), the FMCG arm of Tata Group, on Thursday announced the appointment of David Atkinson as Senior Vice President and Head of its UK and Ireland business. Read here

2:49 PM

Veranda Learning to raise Rs 300 crore via preferential shares, warrants

2:40 PM

BPCL disinvestment plans stalled as of now: Oil minister Hardeep Puri

The government currently owns a 52.98 per cent stake in BPCL. It had sought to sell its entire stake in the disinvestment process. Read here

2:28 PM

Saudi Arabia overtakes Russia to be India's no 2 oil supplier in August

Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August. Read more

2:18 PM

Ambuja Cements, Eicher Motors join Rs 1-trillion m-cap club

Ambuja Cements stood at 100th position in the overall m-cap ranking with Rs 1.05-trillion market cap. Eicher Motors' market cap, meanwhile, touched Rs 1.01 trillion in the intra-day. Read here

2:08 PM

Global Check:: US, UK stock futures more or less unmoved

Source: Investing.com

2:01 PM

Bond investors risk getting burned if India fails to enter global indices

Bond purchases by global funds under the so-called Fully Accessible Route jumped to 42 billion rupees ($529 million) in August, the most since January. READ MORE

1:53 PM

Market Check:: S&P BSE Sensex once again drifts near the lows of the day, down over 400 points

1:46 PM

SpiceJet reintroduces option to lock fare for 48 hours with 'SpiceLock'

SpiceJet on Thursday announced the reintroduction of 'SpiceLock', a unique service that allows passengers to lock their desired fare for 48 hours without name, thus allowing passengers to plan their journey without worrying about fares getting expensive, availability of seats or finalising co-passengers. READ MORE

1:34 PM

Core brands, new launches to help Abbott India stock outperform: Analysts

Abbott India, is down 13 per cent from its highs in August. Lower than expected revenues in Q1FY23, muted margins and premium valuations led to the decline. Despite the miss, the Street believes that its chronic therapy portfolio and brands would help sustain double-digit growth ahead, as was the case in August, when it outperformed the pharmaceutical market with a growth of 14.3 per cent. READ MORE

1:20 PM

Nifty Bank forms Golden Cross; SBI, HDFC Bank, ICICI Bk can surge up to 18%

The Nifty Bank index on Thursday recorded a new peak of 41,840 after nearly 10 months. The Index has rallied 5.8 per cent thus far in September, and 25 per cent in three months. Here are trading strategies for key banking stocks that will help you maximise your gain. READ MORE

1:10 PM

BSE 500:: Top losers so far

Vakrangee has slumped nearly 9 per cent was the top loser among the BSE 500 stocks so far. It is followed by HUDCO, GR Infraproject, Phoenix Mills and PB Fintech, down 5-7 per cent each.

12:59 PM

Rupee rises 5 paise to 79.47 against US dollar amid rate hike concerns

The rupee witnessed a range-bound trading in early trade on Thursday as a firm American currency and concerns about hawkish US Fed offset the support from positive domestic equities. READ MORE

12:51 PM

Global Check:: Asian markets exhibit mixed trend

Source: Yahoo Finance

12:40 PM

Ceat hits over 4-year high on healthy outlook; stock jumps 60% in 3 months

Shares of Ceat edged higher by 10 per cent to over four-year high of Rs 1,516.15 on the BSE in Thursday’s intra-day trade, on healthy business outlook. The stock of leading tyre company traded at its highest level since May 2018. Earlier, it had hit a record high of Rs 2,030 in January 2018. READ MORE