Sensex tanks 461 pts, Nifty below 18,300 amid global rout; all sectors fall

CLOSING BELL: Among sectors, the Nifty PSU Bank index sunk the most, down nearly 3 per cent. This was followd by losses in the Nifty Realty, Pharma, and Media indices, down over 1 per cent each

4:21 PM

TECH VIEW :: 'Trend to remain bearish till Nifty sustains below 18,500'

Nifty remained volatile with a bearish bias during the day as it slipped below the support of 18,350. The momentum indicator RSI (14) is in a bearish crossover and falling with a current reading of 44, suggesting an extension of a bearish momentum. The short-term trend is likely to remain bearish till the index sustains below 18,500. On the lower end, support is pegged at 18,100-18,000.

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

4:07 PM

TECH VIEW :: 'Nifty Bank has immediate suppor at 43,000-42,800'

The BANK NIFTY index witnessed heaving profit booking at a higher level as the global markets witness a fresh sell-off after the fed event. The index remains in a sell-on-rise mode with resistance visible at the 43,600-43,800 zone. The index to resume its uptrend needs to surpass the level of 44,000 where the highest open interest is built up on the call side. The index immediate support on the downside is at the 43,000-42,800 zone and if breached will lead to further selling pressure.

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

3:58 PM

COMMENT :: 'Lower participation from institutional investors to keep markets lackluster'

Markets seems to have taken pause after making new highs with Nifty down by 3% in last few. Markets are likely to remain in consolidative range due to lack of triggers in the near term. Also lower participation from institutional investors due to upcoming year-end holidays would keep the markets lackluster. Though investors would keep eye on US Home Sales and GDP (QoQ) numbers to be released next week. On sectorial front, sugar stocks are likely to remain in lime light on after news reported, government might consider increasing sugar export quota for the current 2022-23. However, some selling might be seen in Banking stock especially in PSU banks on account of profit booking after the sharp rally in last few months.

Views by: Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services

 

 

3:54 PM

COMMENT :: What all happened in the markets today?

Global markets extended their rout as the ECB and BoE followed the Fed in raising policy rates by half a percent while maintaining a hawkish tone on inflation. The aggressiveness of central banks in combating inflation has raised concerns about the global economy's health. Despite attempts to recoup losses, a lack of global support pushed the indices back into negative territory.

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

3:53 PM

Bond market :: Yields on 10-year G-Sec harden amid slowdown fears

3:52 PM

CURRENCY :: Rupee ends lowers at 82.87/$

3:51 PM

BSE Stats :: Market breadth favours sellers; over 100 stocks hit lower circuit

3:48 PM

Buzzing stocks :: ONGC comes off 5-month high, ends flat

>> Govt slashed windfall tax earlier today

3:46 PM

Buzzing stock :: GMM Pfaudler sinks 15% post huge block deal

>> Nearly 11 million shares changed hands earlier today

3:45 PM

Buzzing stock :: IRCTC ends 2.5% down, falls nearly 9% in 2 days. amid OFS by govt

3:44 PM

SmallCap Heatmap :: Index drops 1%; GMM Pfaudler, Dish TV at the end of the chart

3:43 PM

MidCap Heatmap :: Index falls 1.4%; Rajesh Exports, Bayer Crop surge up to 5%

3:41 PM

Broader markets :: Midcaps bleed the most; SmallCap index down 1%

3:40 PM

Sectoral trends :: Broad-based sell-off hits D-Street for second day; PSBs worst hit

3:38 PM

Sensex Heatmap :: Only 3 stocks eke out gains; HUL, HDFC Bank lead

3:37 PM

CLOSING BELL :: Nifty gives up 18,300

3:36 PM

CLOSING BELL :: Sensex drops over 400 pts as global markets falter

3:26 PM

Three-fold growth in index fund AUM in 2022, ETF assets cross Rs 5 trn

Passive funds defied market slowdown and poor debt fund outlook to rise briskly in 2022. The assets under management (AUM) of passive funds increased 41 per cent to Rs 6.5 trillion by November, as the overall AUM of the industry grew just 7 per cent in the eleven-month period. READ MORE

3:20 PM

Global Check:: Dow futures down 340 points; S&P 500, Nasdaq down 1%

Source: Investing.com

3:14 PM

Brokerages positive on Godrej Consumer on growth recovery, lower costs

After underperforming its peer index, the BSE FMCG, since the start of the year, the stock of Godrej Consumer Products (GCPL) has recovered and bridged the gap over the past month. The maker of household insecticides (HI) and soaps has given monthly returns of about 7 per cent, about twice the 3.4 per cent delivered by the S&P BSE FMCG index during this period. READ MORE

3:07 PM

BSE 500:: GMM Pfaudler, Deepak Fertilizers, EPL among volume shockers today

GMM Pfaudler has witnessed unusally high volume of around 20.46 lakh shares so far on the BSE as against its five-day average volume of around 8,500-odd shares. Similarly, Deepak Fertilizers, EPL, Johnson Controls Hitachi and Krishna Institute of Medical Sciences were among the other volume toppers on Friday.

2:59 PM

As Infosys turns 40, what may be its future challenges?

IT major Infosys marked its four decades in business on Wednesday. While the founders spoke about the future course of the company, what are the challenges it needs to address in the next 10 years? LISTEN PODCAST

2:52 PM

Budget this year to follow spirit of earlier ones, says FM Sitharaman

FM Nirmala Sitharaman indicated that her forthcoming Budget will continue to push growth on the back of public spending as she said it will "follow the spirit" of earlier Budgets. READ MORE

2:42 PM

Mahindra CIE surges 16% in two days, hits 52-week high in weak market

India is projected to be one of the fastest growing large economies in the world and CIE Automotive's global strategy continues to focus on India as a key market, the company said. READ MORE

2:38 PM

ALERT :: Markets weaken as Russia launches another major missile attack on Ukraine

Ukrainian authorities reported explosions in at least three cities Friday, saying Russia has launched a major missile attack on energy facilities and infrastructure.

 

Local authorities on social media reported explosions in the capital, Kyiv, southern Kryvyi Rih and northeastern Kharkiv as air raid alarms sounded across the country, warning of a new barrage of the Russian strikes that have occurred intermittently since mid-October.

Source: AP

2:32 PM

BSE 500:: GMM Pfaudler, PNB Housing, Union Bank among top losers

GMM Pfaudler down nearly 16 per cent was the top loser among the BSE 500 stocks. Polycab India, PNB Housing, Union Bank and Punjab & Sind Bank, down 5 - 6.5 per cent each were the other major losers so far on Friday.

2:21 PM

NEWS ALERT: AU Small Finance inks pact with HDFC Life for bancassurance

AU Small Finance Bank has entered into a corporate agency arrangement for soliciting insurance plans of HDFC Life through the bancassurance business model.

2:12 PM

Global Check:: Nikkei down nearly 2%; select Asian markets recoup losses

Source: Yahoo Finance

2:00 PM

BSE 500:: EPL, Kalyan Jewellers, Shree Renuka among top gainers

EPL up over 12 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Kalyan Jewellers, Krishna Institute of Medical Science, Strelite Technologies and Shree Renuka Sugar, up 5 - 6 per cent each.

1:48 PM

Indian tech industry hired nearly 380,000 freshers in FY22: Nasscom report

Indian tech industry hired around 380,000 freshers in FY22 and over 70 per cent of Gen Z students are keen to take up tech jobs in the near future, a Nasscom report said on Friday. READ MORE