Sensex skids 575 pts, Nifty below 17,650; Tata Power sinks 4%, RIL 2%

CLOSING BELL: Adani Ports, Titan, HDFC, PowerGrid, Wipro, HDFC Bank, ONGC, PowerGrid, RIL, Bharti Airtel, TCS, Coal India, Tata Steel, and L&T fell between 1.5 per cent and 3.5 per cent

4:18 PM

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

Nifty has fallen from the rising channel on the daily chart which suggests a waning bullishness. The daily RSI is in a bearish crossover. The trend looks negative for the near term. On the lower end, support is visible at 17450 whereas resistance is seen at 17750-17800. 

4:16 PM

World shares track Wall Street retreat on interest rate worries

World shares were mixed Thursday after a retreat on Wall Street spurred by comments indicating the Federal Reserve intends to more aggressively tackle inflation. READ MORE HERE

4:14 PM

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

The Bank Nifty index ahead of the RBI policy remains subdued with major selling pressure continuing from HDFC bank. The index needs to close above 38000 level for resuming the uptrend. A clear direction will be visible once the policy is announced. 

4:12 PM

Oil prices rise from three-week low as supply concerns linger

Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, as worries over tight supplies still clouded the market outlook. READ MORE HERE

4:11 PM

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

Volatility increased as the market approached the RBI policy meet outcome. The latest sectoral outperformers like metals, power and oil & gas sectors were the most hit including mid & small caps. If announcements are in-line with market expectations, like rates being unchanged, inflation forecast moderately increased and robust economic outlook maintained, then the market will trade positively considering corrections during the week and falling crude prices or else challenges will prevail.

4:04 PM

Rupee closes 13 paise lower against US dollar

4:01 PM

Mixed trade for European markets

3:59 PM

US equity futures trade on a positive note

3:54 PM

Closing bell: Over 1,100 stocks declined whereas 918 advanced

3:50 PM

Closing bell: Broader markets subdued; India Vix slips in red

3:46 PM

Closing bell: Nifty Energy ends as worst sectoral performer

3:44 PM

Closing bell: Adani Ports, Titan, HDFC top Nifty 50 losers

3:40 PM

Closing bell: Axis Bank, Divi's Lab, HUL top Nifty 50 leaders

3:36 PM

Closing bell: 11 out of 30 Sensex stocks close in positive territory

3:35 PM

Closing bell: Nifty 50 closes below 17,650 levels

3:34 PM

Closing bell: Sensex closes lower by over 550 points

3:25 PM

Tata Motors bags order for 1,300 commercial vehicles from VRL Logistics

Tata Motors on Thursday said it has bagged an order for 1,300 commercial vehicles from VRL Logistics. READ MORE HERE

 

3:20 PM

Metal stocks lose sheen; NALCO tumbles over 4%

3:13 PM

Market check: Nifty 50 slips below 17,650 levels

3:10 PM

China expects long-term capital inflows to return despite recent volatility

The remarks came as foreign investors trimmed their holdings of Chinese government bonds at the fastest rate in three years in February, while major economies including the United States tightened monetary policy, prompting market concerns about higher capital outflows and yuan depreciation. READ MORE

3:08 PM

Energy basket loses steam; Tata Power declines over 3%

2:59 PM

US stock futures partially erase losses; turn flat

source: finance.yahoo.com

2:53 PM

ALERT: European Central Bank Pres Christine Lagarde tests positive for Covid-19

2:46 PM

European indices hold modest gains in early trade

 

2:37 PM

Paras Defence rises 7% as DRDO transfers submarine technology by licensing pact

DRDO has awarded Transfer of Technology (ToT) for optronic submarine periscope to the company. 

 

2:36 PM

Markets open, banks shut: Investors suffered after RBI holiday on Feb 7

The Maharashtra government declared a public holiday on February 7 to mourn the demise of legendary singer Lata Mangeshkar. Following the announcement, the Reserve Bank of India (RBI) announced it would be a holiday for the banks. However, the stock market continued to function.

 

It appears that this has resulted in issues with payments and settlements for stock market participants such as mutual funds (MFs), brokers and foreign portfolio investors (FPIs). READ MORE

2:25 PM

BSE Technologies gets Sebi nod to operate as KYC Registration Agency

"We thank Sebi for reposing its faith in BSE to operate as a KYC Registration Agency. KYC KRA has become a key segment for securities market investors and acts as a starting point for any investor's journey in the securities market. READ MORE

2:15 PM

MARKET CHECK :: Sensex at day's low, down over 500 pts

2:11 PM

Mocked as 'rubble' and fighting sanctions, Russian ruble comes roaring back

In the days after the Ukraine war began, the ruble’s collapse was a potent symbol of Russia’s newfound financial isolation. International sanctions on Vladimir Putin’s regime sank it to a record low of 121.5 rubles per dollar, triggering memories of the battering it took during the 1998 Russian financial crisis. Read more 

1:59 PM

BSE 500:: Volume Shockers

Zee Entertainment, Suzlon Energy, Aster DM Healthcare, TTML and Mahindra Holidays were some of the prominent shares to log unusually high volume in trades so far on Thursday.