Sensex falls 111 pts, Nifty holds 15,750; RIL sinks 7%, MRPL 10%

Benchmark indices swung wildly in trade on Friday after the government's move to tax oil refiners' windfall gain amid soaring crude oil prices hurt index heavyweight Reliance Industries' stock

4:14 PM

Closing view: Support from ITC surprises bears on Friday

As the street sets about pricing in the impact of the windfall gain tax on the Oil & Gas sector, benchmark indices displayed high volatility today primarily led by the Energy sector.

The manner in which Bulls responded with the help of FMCG stocks led by ITC in afternoon trade left bears completely surprised as it helped indices stage a breathtaking recovering by erasing the day's losses.

Views by  S Ranganathan, Head of Research at LKP securities

4:10 PM

Closing view: FMCG pack gained on belief commodity prices have peaked out

Unfavorable cues from the domestic market led to a weak start due to weakness in the rupee and selling in oil refineries as the government imposed an additional export duty on petrol and diesel.

Adding to the weakness, India’s factory output growth slowed down during June, as high inflation continued to dampen demand.

However, the FMCG sector witnessed strong buying supported by declining commodity prices on the belief that the prices have peaked out.

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

4:08 PM

Rupee touches record low of 79.11/$ before closing at 79.05/$

4:06 PM

Jewellery stocks close in red as govt hikes gold import duty by 5%

 

4:03 PM

MRPL, Affle India among top BSE500 laggards

 

4:00 PM

CIL pares losses; June production rises 29% to 51.6 MT

 

3:58 PM

BSE FMCG rises 2.5%; Dabur, Britannia among top winners

 

3:56 PM

Windfall profit tax: Govt to review levy every 15 days depending on crude prices, says Revenue Secy

3:51 PM

SML Isuzu gains on reporting a 412% YoY rise in June auto sales

 

3:49 PM

Energy pack tanks: Oil India, ONGC, RIL, GAIL top drags; Hind Petro, BPCL gain

 

3:47 PM

FMCG pack top winner; oil & gas pocket alone ends lower, tanks 4%

 

3:44 PM

Broader markets too gain ground from lows; close with tepid losses

 

3:42 PM

Nifty winners: ITC, Cipla, BPCL defy weak market; help benchmark erase losses

 

3:40 PM

Nifty losers: ONGC plunges 13%, Reliance 7% as govt slaps windfall gain tax on oil sector

 

3:37 PM

Sensex Heatmap: ITC, HDFC, Bajaj twins firmly counter RIL's slump

 

3:35 PM

Closing Bell: Nifty slips 28 points; holds 15,750

 

3:32 PM

Closing Bell: Sensex recovers 800 pts from day's low; ends 111 pts lower

 

3:25 PM

Global update: Euro zone inflation hits record high of 8.6% in June, preliminary data shows

Headline inflation came in at 8.6% (year-on-year) for last month, according to preliminary figures. 

3:16 PM

GST collections up 56% to Rs 1.44 trillion in June, says FM Sitharaman

The GST revenue in June rose to Rs 1.44 trillion, registering a 56% increase over the same month last year, Finance Minister Nirmala Sitharaman said. Read here

3:08 PM

June Auto Sales :: Tata Motors

>> Electric vehicle sales attained new heights with quarterly sales of 9,283 in Q1 FY23 and highest-ever monthly sales of 3,507 units in June’22

2:59 PM

US equity futures trade on a negative note

2:53 PM

Beaten down consumer durables still weak; Bajaj Electricals may buck trend

Voltas, Havells, Blue Star and Whirlpool need to conquer their crucial hurdles to exhibit bullishness. READ HERE

2:45 PM

Mixed trade for European markets

2:36 PM

Pressure continues to mount on energy basket; ONGC tumbles 12%

2:25 PM

MARKET CHECK: SmallCaps lead decline in broader markets

 

2:16 PM

European markets open in green; attempt recovery from previous lows

source: finance.yahoo.com

2:03 PM

Bajaj Auto slips 3% on flat June sales numbers; sheds 7% in last three days

The company's total two-wheeler sales grew 2 per cent year on year (YoY) to 315,948 units, mainly due to a 23 per cent YoY jump in exports at 190,865 units during the month. Read here

1:52 PM

WATCH | 5 years of GST: Hits, misses and the road ahead for India's tax regime

The Goods and Service Tax regime is now five years old in India. Over the years, it has changed drastically. Understand the hits, misses and challenges ahead for India's most ambitious tax regime. WATCH

 

1:43 PM

Global markets: US futures extend slide, Dow futures drop 250 pts

 

1:35 PM

Coinbase sold software to US authorities to track crypto transactions

According to a report in Intercept, Coinbase sold an analytics software license to ICE for $29,000 in August last year, followed by a software purchase potentially worth $1.36 million the next month. READ MORE