Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350

CLOSING BELL: Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound

4:17 PM

COMMENT: Bank of Japan's widening of yield curve band shakes global markets

The Bank of Japan shocked global markets in a totally unexpected move by raising the upper band limit for the 10 yr yield to 50 bps, which is seen as a step towards a hawkish policy shift. This has aggravated the sell-off in the global market, which was already risk-averse due to mounting recessionary fears following the Fed's comment. In this backdrop, the US GDP numbers expected on Thursday will provide a picture of the strength of the US economy.

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

4:15 PM

IPO WATCH: Elin Electronics offer subscribed 25% so far on day 1

4:13 PM

IPO WATCH: KFin Tech issue subscribed 68% so far on day 2

4:11 PM

PTC India sheds 2%; denies reports that PSUs looking to sell stake in co

4:08 PM

Intellect Design gains 2%; bags an order from Ethiopian Bank

4:06 PM

Salsar Tech zooms 8% on winning large order worth Rs 750 crore

4:03 PM

Sudarshan Chemical ends 6% higher; 0.3 mn shares exchange hands

3:59 PM

IRFC rallies 8%; govt likely to sell 11% stake in co by FY24

source: Business Standard

3:55 PM

SECTORS: IT, Metal, oil & gas pockets sole winners; Auto pack out of gear

3:51 PM

Five Star, Traxcn, Metro Bands top IPO index winners; Dharmaj Corp falls

3:49 PM

BSE IPO index holds fort in weak market

3:46 PM

BROADER MARKET: Small-caps end flat; Mid-caps decline vs benchmark

3:43 PM

NIFTY WINNERS: Adani Enterprises bounces over 2%

3:41 PM

NIFTY DRAGS: SBI Life, Eicher, UPL, Tata Motors slips 2-3%

3:39 PM

HEATMAP: TCS, RIL, Axis Bank, Ultratech lead winners on Sensex

3:36 PM

CLOSING BELL: Nifty closes 35 pts down at 18,385; 39 of 50 stocks end in red

3:34 PM

CLOSING BELL: Sensex pares most losses for the day; ends 104 pts down

3:30 PM

No base station of 5G set up by Vodafone Idea in India yet: Report

 Vodafone Idea, fighting financial troubles, is reportedly yet to set up a 5G base station network in India, a report in Times of India (ToI) said. Since the rollout of 5G services in India on October 1, around 2,500 base stations are being set up every week. The Centre, on the other hand, had told companies to set up 10,000 base stations every week. Read more

3:23 PM

EU states agree $191 natural gas price cap to contain energy crisis

 European Union (EU) member states have agreed to cap natural gas prices in the bloc at 180 euros ($191) per megawatt-hour (MWh) in an effort to ensure the security of energy supply. Read more

3:15 PM

WATCH: Does Accenture’s Q1 result spell more pain for IT firms?

Despite firm Q1 revenue growth, Accenture Plc left analysts unimpressed as it pegged the next quarter’s revenue growth below projections. Does this signal more trouble for Indian IT companies ahead?

2:58 PM

Global Check:: US, UK stock futures marginally in red

Source: Investing.com

2:48 PM

BSE 500:: Dabur India, Page Inds, SCI among volume shockers today

Dabur India has witnessed unusally high volume of around 19.66 million shares so far on the BSE as against its five-day average volume of around 25,800-odd shares. Similarly, Jubilant Ingrevia, Page Industries, SCI and Pantanjali Foods were among the other volume toppers on Tuesday.

2:38 PM

Here's why Indian renewable energy plan pales in front of Europe and China

As we prepare to exit 2022, a year that rejuvenated fossil fuel businesses despite sparking record prices of coal and natural gas, and enter 2023, India must accelerate its pace of renewables development if it is to keep up with China and Europe, and improve energy security, a new report by the Paris-based International Energy Agency (IEA) shows. READ MORE

2:28 PM

Sensex 30 Heatmap:: TCS, Infosy, RIL lead market recovery

2:21 PM

NEWS ALERT:: Salasar Techno wins Rs 748 cr order; stock soars 8%

Salasar Techno Engineering has bagged two new orders worth Rs 748.46 crore. According to a release issued by the company to the BSE, the orders are from Pashchimanchal Vidyut Vitran Nigam Limited. 

2:14 PM

Market Check:: UCO Bank, IOB, Central Bank among top PSU Bank losers

2:04 PM

NEWS ALERT:: ICRA assigns rating on Godrej Industries CP, non-convertible debentures

ICRA has assigned "ICRA A1+" rating on the Godrej Industries' issue of commercial paper programme of up to Rs 2,500 crore. Further, ICRA has assigned "ICRA AA (Stable)" rating on the company's proposed additional issue of non-convertible debentures of up to Rs 2,000 crore. 

1:55 PM

Ongoing divestment, healthy order inflows positive for Larsen & Toubro

Larsen & Toubro (L&T) has entered into an agreement to sell its stake in L&T IDPL (Infrastructure Development Projects) and its subsidiaries to EPIC Concesiones, a special purpose vehicle (SPV) created for the transaction. The SPV is held by the Infrastructure Yield Plus II, an infra fund managed by Edelweiss Alternative Asset Advisors. The total consideration is Rs 6,000 crore. READ MORE

1:46 PM

Market Check:: Sectoral indices in red, Nifty PSU Bank index dips 1.5%

1:38 PM

BSE 500:: UCO Bank, IOB, Central Bank among top losers

UCO Bank down over 8 per cent was the top loser among the BSE 500 stocks. IOB, Central Bank, Punjab & Sind Bank and Rites, down 4 - 6 per cent each were the other major losers so far on Tuesday.