Sensex snaps 3-day winning run, sheds 317 pts; Banks, realty shares decline

CLOSING BELL: The NSE Nifty 50 slipped 92 points to settle at 17,944. L&T, Hero MotoCorp, UltraTech Cement bucked the trend, while Adani Group shares ended mixed on Friday.

4:00 PM

Tech View :: 'Bank Nifty in sell mode till it remains below 41,500'

The BANK NIFTY index on the daily chart witnessed a breakdown with a rise in volumes. The index remains in a sell mode as long as it sustains below the level of 41,500. The index immediate support stands at 41,000, and if it fails to sustain it on a closing basis, the downside move towards 40,000 levels.

Views by: Kunal Shah, Senior Technical Analyst at LKP Securities

3:58 PM

Comment :: What's capping market gains?

Lack of major triggers in the domestic market is attracting global cues to dictate the market trend. The US market is facing an unfavourable combination of higher-than-expected inflation and a stronger job market. The PPI (Producer Price Index) in the US came in at 6.0%, in contrast to the expectation of 5.4%. This suggests that interest rates have not yet peaked and will remain elevated for a long period.

Views by: Vinod Nair, Head of Research at Geojit Financial Services.

 

3:57 PM

Tech View :: Near term likely to remain sideways to positive on Nifty if...

The Nifty has fallen to the upper band of the falling channel on the daily chart. The trend for the near term is likely to remain sideways to positive as long as it remains above the falling channel. A recovery towards the higher level will likely happen if the bulls manage to hold the Nifty above 17,880. On the higher end, however, 18,150 is likely to act as resistance.

Views by: Rupak De, Senior Technical Analyst at LKP Securities

3:55 PM

Markets this week :: Adani Total, Transmission, Green among top laggards

3:54 PM

Markets this week :: Shilpa Medicare, Finolex Cables surge up to 22% this week

3:52 PM

Stocks that hit 52-week lows today

3:50 PM

Stocks that hit 52-week highs today

3:48 PM

Top gainers on the BSE at closing

3:48 PM

Top losers on the BSE at closing

3:46 PM

Rupee Closing :: Rupee ends weaker at 82.83/$

>> This is against Thursday's close of 82.72/$

3:45 PM

PTC Industries surges 9% as arm wins order from Safran Aircraft

Shares of PTC Industries hit 10 per cent upper circuit intra-day trade, after Aerolloy Technologies (ATL), a wholly owned subsidiary of the company received order from Safran Aircraft Engines (SAE), to develop and supply Titanium cast components for Aircraft Engines.

3:44 PM

Buzzing stock :: Pricol drops over 4% as multiple large trades hit counter

3:42 PM

Buzzing stock :: Medanta hits record high intra-day, ends 2.5% up in a weak market

Shares of Global Health, which operates hospitals under Medanta brand, hit a record high of Rs 533 on the BSE in Friday's intra-day trade in an otherwise subdued market. In the past two days, the stock of the company engaged in hospital business rallied 13 per cent. 

3:41 PM

Sector check :: Bank of Baroda, Bank of India, PNB settle as top laggards on Nifty PSU Bank index

3:39 PM

Sector check :: Lodha slides over 4%, Indiabulls Real Estate follows with 3.7% drop

3:37 PM

Broader market :: BSE MidCap index underperforms peers, falls 0.75%

3:36 PM

Sectoral trends :: Broad-based selling hits Dalal Street; PSU Bank, Realty indices worst hit

3:34 PM

Sensex Heatmap :: 23 of 30 index stocks settle lower; Nestle India, IndusInd Bank fall over 3% each

3:33 PM

CLOSING BELL :: Nifty holds 17,900 at close

3:32 PM

CLOSING BELL :: Sensex snaps 3-day winning streak, slips over 300 pts

>> Index fell nearly 500 pts intra-day to hit a low of 60,810.67

3:28 PM

ALERT :: Prashant Bhushan demands the following

>> SC monitored committee or CBI probe into the market manipulation.

>> What is the source of funds of the shell companies which have been allegedly used to invest large sums?

>> Whether there has been any corruption? What are the measures required to deal with it to strengthen regulations?

>> Was LIC used to facilitate the price manipulation of Adani Shares?

3:14 PM

ALERT :: SC examines documents submitted the Centre in sealed cover note in Adani vs Hindenburg case

CJI Chandrachud says: We'd rather not accept the sealed cover suggestions. We want to ensure transparency. In case we take your suggestions from sealed cover, it automatically means the other party won't know.

We want full transparency for protection of  investors. We will form a committee. There will be a sense of confidence in the court.

3:10 PM

RBI may be selling dollars in NDF to keep rupee above 83/USD: Bankers

The central bank's move to sell dollars in the NDF before the open was likely aimed at ensuring that rupee does not fall below 83, the bankers said. The RBI was suspected of defending that level back in December, according to traders. READ MORE

3:01 PM

PTC Industries hit 10% upper circuit as arm won order from Safran Aircraft

Aerolloy Technologies, a wholly-owned subsidiary of the company has received an order from Safran Aircraft Engines, to develop and supply of Titanium cast components for Aircraft Engines. READ MORE

2:49 PM

IndiGo plans flights to Nairobi, Jakarta, central Asian destinations: CEO

The country's largest airline IndiGo, which is back with a bang, is looking to start flights to Nairobi, Jakarta and some central Asian destinations as the carrier focuses on internationalisation. READ MORE

2:39 PM

Bajaj Steel extends rally on sale of plastic division; stock spurts 13%

Shares of Bajaj Steel Industries hit a 52-week high of Rs 1,098.90, spurting 13 per cent on the BSE in Friday's intra-day trade, in an otherwise weak market. READ MORE

2:28 PM

N Korea warns of strong counteractions against South Korea-US drills

North Korea warned Friday it would take "unprecedentedly persistent and strong counteractions" should South Korea and the US press ahead with their planned combined military drills. READ MORE

2:18 PM

Global Check:: Asian markets log significant losses; Shanghai, Hang Seng worst hit

Source: Yahoo Finance

2:08 PM

BSE 500:: Adani Total Gas, Adani Transmission, Voda Idea among top losers

Adani Total Gas down 5 per cent was the top loser among the BSE 500 stocks. Adani Transmission, Vodafone Idea, Tejas Networks and Adani Enterprises, down 4 - 5 per cent each were the other major losers so far on Friday.

1:57 PM

News Alert:: Greaves Electric Mobility launches new Ampere Primus electric scooter

Greaves Electric Mobility today announced the launch of high-speed, performance-driven, new Ampere Primus electric scooter at Rs 1,09,900 (ex-showroom price). In a release to the BSE, the company also said it introduced the new Ampere Zeal EX, a sporty and youthful entry-level electric two-scooter in Madhya Pradesh, Bihar, Uttar Pradesh, and Jharkhand.