Sensex gyrates 1,232 pts, ends 224 pts down; Nifty holds 18,000; banks jump

CLOSING BELL: Financials, largely banks, along with metals gave muscle to the bounce back with the Nifty Metal and the Nifty Bank indices rising over 1 per cent each

4:16 PM

GLOBAL CHECK: European markets fall, tracking losses in global markets

4:08 PM

GLOBAL CHECK: US equity futures rise after worst selloff since 2 years

4:06 PM

TECHNICAL VIEW: Rupak De, Senior Technical Analyst at LKP Securities

Nifty remained above its previous consolidation as the global sell-off failed to pull the Indian equities down. On the lower end, the falling trend line has acted as crucial support for the Nifty. Besides, the index has been sustaining above the 50 exponential moving average on the daily timeframe, confirming an uptrend. Going forward, the trend will likely remain positive as long as it remains above 17700. On the higher end, the index may move towards 18600 once it provides a decisive breakout above 18100.

3:59 PM

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

Although the opening hours of the domestic market mirrored the sharp sell-off in the global market, it steadily recovered as investors gained the confidence to bottom fish, thanks to the brighter prospects for the home economy. The expectation that the Fed would become less hawkish, which had spurred the most recent global rally, was dashed by worse than anticipated US inflation figures. Additionally, India’s easing WPI inflation numbers added more optimism with banking stocks leading the recovery, while the IT sector’s performance was bleak due to recession fears in western markets.

3:53 PM

Infosys, TCS, Tech Mahindra top Nifty50 losers

3:49 PM

IndusInd Bank, NTPC, SBI top Nifty50 winners

3:45 PM

Broader markets subdued; India Vix climbs 4%

3:42 PM

Nifty IT slips 3%, ends as worst sectoral performer

3:38 PM

SENSEX HEATMAP: 16 out of 30 index counters close in green

3:36 PM

CLOSING BELL: Sensex closes 200 points lower

3:33 PM

CLOSING BELL: Nifty50 closes below 18,050 levels

3:24 PM

MARKET CHECK :: Sensex off highs in fag end

3:17 PM

UK inflation rate unexpectedly dips to 9.9%

UK inflation slowed in August on the back of a fall in fuel prices, though food prices continued to rise as the country’s cost-of-living crisis persists.

 

The consumer price index rose 9.9% annually, according to estimates published Wednesday by the Office for National Statistics, fractionally below a consensus forecast of 10.2% among economists polled by Reuters. It was also down from July’s figure of 10.1%.

Source: CNBC

3:10 PM

EU chief proposes revenue cap on electricity distributors in Ukraine

These companies are making revenues they never accounted for, they never even dreamt of, European Commission President Ursula von der Leyen told EU lawmakers in Strasbourg, France. READ MORE

3:01 PM

Kalyan Jewellers up 12% on heavy vol; tops issue price for the first time

At 02:27 pm; Kalyan Jewellers traded 9 per cent higher at Rs 91.10, as compared to 0.09 per cent rise in the S&P BSE Sensex. A combined 13.5 million equity shares, representing 1.3 per cent of total equity of jewellery company, changed hands on the NSE and BSE. READ MORE

2:50 PM

Sensex Contributors :: Financials lead recovery; HDFC twins, ICICI, Kotak Bank, SBI lead

2:40 PM

Metal stocks sizzle in trade: Vedanta jumps over 11%

2:31 PM

BSE 500:: Top losers so far

Vakrangee had down 5 per cent was the top loser among the BSE 500 stocks so far. It was followed by Garware Tech, Infosys, Responsive Industries and ZF Commercial.

2:23 PM

BSE 500:: Top gainers so far

Tata Investment Corporaqtion has zoomed over 17 per cent and was the top gainer among the BSE 500 stocks so far on Thursday. It is followed by Vedanta, Kalyan Jewellers, JK Lakshmi Cement and Aegis Logistics, up over 9 per cent each.

2:12 PM

Banks exempt from 10% TDS on one-time loan settlements, waivers: CBDT

Banks and financial institutions will not have to deduct 10 per cent tax deductible at source (TDS) on one-time loan settlements and waivers, the Central Board of Directs Taxes (CBDT) has said. READ MORE

2:02 PM

Tata firm gets letter of award worth Rs 596 crore for MP solar project

Tata Power Solar Systems Ltd (TPSSL) has received a letter of award worth Rs 596 crore from NHDC to set up a 125MWp floating solar project in Madhya Pradesh. READ MORE

1:55 PM

Stock of this specialty chemicals company zoomed over 100% in five weeks

Shares of Jyoti Resins & Adhesives were locked at 5 per cent upper circuit as they hit new high of Rs 1,769.70 in Wednesday’s intra-day trade. The stock of this specialty chemicals company was locked upper circuit for the fifth straight day as it surged 27 per cent, during the period. READ MORE

1:44 PM

Global Check:: US stock futures edge higher; UK remains tepid

Source: Investing.com

1:33 PM

Sensex 30 Heatmap:: Banking stocks shine, while IT shares whine

1:23 PM

WPI inflation eases to 12.41% in Aug, against 13.93% in Jul: Govt data

The wholesale price-based inflation eased for the third consecutive month in August to 12.41 per cent, on softening in prices of manufactured items, even as food items saw an uptick. READ MORE

1:13 PM

Retail investors help Harsha Engineers IPO sails through on Day 1

1:04 PM

Global Check:: Asian markets paint a dismal picture; Nikkei down 2.8%

Source: Yahoo Finance

12:54 PM

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

Tata Investment Corporation has zoomed over 20 per cent from its lows of the day so far. Similarly, Sterlite Technologies, TTML, TCI Expres and Fortis Healthcare were some of the other major movers from the lows of the day on Thursday.

12:42 PM

Market Check:: Sensex at day's high, recovers over 1,000 points from day's low

12:34 PM

Chart check: Global markets crack but Sensex, Nifty may still hit new peaks

The underlying trend for the benchmark indices continues to be bullish given that the Sensex and the Nifty50 indices honor 59,000 and 17,700 levels, respectively. READ MORE