Sensex snaps 4-day winning run, slips 150 pts; RIL gains 2%, Oil India 4.5%

CLOSING BELL: The Nifty IT, Bank, and FMCG indices dropped over 1 per cent each

4:11 PM

Nifty tech view: Trend may remain sideward to bit negative in the near term

Nifty witnessed a lacklustre trading session before ending with some losses.

On the lower end, 15,650-15,700 acted as support for the day.

On the higher end, it found resistance around previous close.

The trend is likely to remain sideward to a bit negative for the near term.

Any fall below 15,650 might pave the way for a serious correction in the market. Resistances on the higher end is placed at 15,900/16,000.

Views by Rupak De, Senior Technical Analyst at LKP Securities

4:09 PM

Closing view: Consumer confidence on rapid decline amid uncontrolled rise in inflation

Consumer confidence is declining rapidly due to the uncontrolled & constant rise in inflation.

India had to bear the double whammy effect of a dampening global equity market and rising crude prices as major suppliers like Saudi are unable to boost the output in the short-term.

However, the domestic market was able to recover most of the losses due to the strong movement of index heavyweights, PSUs, Metals and Oil & Gas stocks before slipping some gains by the end of the day due to volatile global market.

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

4:06 PM

Rupee ends at record closing low of 78.97 against dollar

 

4:04 PM

Orient Bell surges 13% as company announces on-time completion of capex projects

Company has announced on-time completion of CAPEX projects adding incremental volume potential of 1.9 MSM p.a.

 

 

3:58 PM

India Cements moves 3% up on completing buyout of SMPL

 

3:55 PM

Reliance jumps from day's low; gains 2% as Akash Ambani takes over Jio board

 

3:52 PM

JK Bank slips 1% on profit booking; to raise Rs 2000 crs via equity and bonds in FY23

 

3:49 PM

Godawari Power sheds 3%; co buys 79% stake in Alok Ferro for Rs 127 crs

3:46 PM

Banks, IT, FMCG top sectoral drags; Auto, Metals, Energy, Realty defy trend

 

3:43 PM

Broader markets end day in negative terrain in line with benchmarks

3:41 PM

Nifty losers: HDFC Life, HUL, Apollo Hospitals top drags

 

3:40 PM

Nifty winners: ONGC strongly bounces from lows; top winner for 3rd day

 

3:38 PM

Sensex Heatmap: 20 of 30 shares end lower; HUL cracks 3.6%

3:36 PM

Closing Bell: Nifty sheds 51 pts to end at 15,800

3:33 PM

Closing Bell: Sensex snaps 4-day winning streak; closes 150 points lower

3:25 PM

Global markets: US equity futures erase gains to turn flat

source: finance.yahoo.com

3:22 PM

Cloud, security to be priority even if recession hits US: Morgan Stanley

According to Morgan Stanley’s 2Q22 CIO survey, expectations for 2022 IT budget growth came in at 4 per cent (vs 4.2 per cent growth expected in 1Q22 and 4.1 per cent growth cited by CIOs for 2021). On the services side as well, 2022 IT budget growth expectations stood at 3.5 per cent, moderating for the third consecutive quarter), said the report. READ MORE

3:14 PM

Cabinet Meeting Outcome :: CCEA approves de-regulation of sale of domestically produced crude oil

>> Scheme to come into effect from Oct 1

3:11 PM

Tata Motors partners with Japan's Renesas to develop chip solutions

As part of the partnership, Renesas will also work with Tejas Networks, a Tata Group company, on wireless network solutions including 5G. Read here

2:57 PM

NMDC shareholders, creditors approve Nagarnar Steel Plant demerger: CMD

The demerger of NSP from NMDC is progressing, Mr Deb who was in the national capital, said. READ MORE

2:46 PM

European markets edge lower in trade

2:36 PM

GST Council okays mandatory registration waiver for small online retailers

The waiver, which is subject to certain conditions, will benefit about 120,000 small traders. READ MORE

 

2:23 PM

MTAR Technologies hits 10-month low; tanks 52% from 52-week high level

A combined 1.55 million equity shares representing 5 per cent of the total equity of the company had changed hands on the NSE and BSE. READ HERE

2:11 PM

Mukesh Ambani readies succession plan; RIL stock may soar 24%, hit new high

According to the technical charts, the range of Rs 2,350 - Rs 2,150 on the stock is seen as a good area for bottom fishing. READ HERE

2:10 PM

BS Special :: What legacy Pallonji Mistry leaves behind?

1:53 PM

Sensex 30 Heatmap:: NTPC, RIL rally over 2%; IndusInd Bank, HUL slip over 2%

1:47 PM

S&P BSE Sensex rebounds into positive zone, gains 600 points from the day's low

1:40 PM

BSE 500:: Volume Shockers

Anupam Rasayan has witnessed unusually high volume of around 2.35 lakh shares so far on the BSE as against its five-day average volume of around 8,100-odd shares. Similarly, Alembic Pharma, Dhanuka Agritech, Chola Financial and MOIL have also witnessed a spike in volume in trades on Wednesday. VIEW MORE

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1:31 PM

Public sector banks request RBI on bond portfolios as yields harden

Senior treasury officials of some state-owned banks requested officials from the Reserve Bank of India (RBI) to provide dispensations regarding their bond holdings at an informal meeting on Friday, sources told Business Standard. READ MORE

1:24 PM

Global Check:: US stock futures flat a day after steep fall

Source: Investing.com