Sensex swings 760 pts, ends 200 pts down; Nifty holds 17,200; IT stocks up

CLOSING BELL: IT, select auto and banking stocks aided the market recovery on Monday. TCS gained nearly 2 per cent ahead of its Q2 result.

3:55 PM

MARKET COMMENT :: 'Rising crude prices, depreciating rupee increasing risk of imported inflation in India'

Fear of an aggressive rate hike by the Fed on the back of strong employment data in the US, disrupted the global equity trend. Inflation in the US is forecasted to stay high given low supply and high demand scenarios. To bring some parity in the economy, the Fed will have to target to lower demand by increasing the unemployment rate, which is not factored by the market. In addition, rising crude prices and depreciating rupee are increasing the risks of imported inflation in India, affecting the domestic market.

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

 

3:53 PM

IPO Update :: Tracxn Tech issued subscribed less than 20% till 3:30 PM

3:52 PM

SIP flows into MF scheme hit new high of Rs 12,976 cr in Sept: Amfi data

The surge in investments in equity schemes is despite the fact that the market was in the red last month, with the Nifty50 having shed more than three per cent. READ MORE

3:50 PM

CURRENCY ALERT :: Rupee ends flat at 82.32 against US Dollar

3:50 PM

BSE Stats :: Less than 1,500 stocks in the green vs over 2,100 in the red on the BSE today

3:49 PM

Buzzing stock :: Tata Motors drops 4% on lower-than-estimated JLR sales in Q2

3:48 PM

Buzzing stock :: IGL falls 2% despite price hike in Delhi-NCR

3:47 PM

Buzzing stock :: Paytm reports over 480% YoY rise in loan disbursal in Q2; stock up 3%

3:46 PM

Buzzing stock :: Jaiprakash Associates jumps 10% on report Adani Group may buy Cement biz

3:45 PM

Buzzing stock :: Atul Auto surges over 7% as Board allots 5 million convertible warrants to Vijay Kedia

3:43 PM

Sector check :: Nifty Realty index dips 1%; Prestige, Indiabulls RE fall over 2% each

3:42 PM

Sector check :: Nifty PSU Bank index ends as top laggard; SBI sole gainer

3:41 PM

Sector check :: IT stocks buck trend; index rises 1% ahead of Q2 nos

3:39 PM

BSE SmallCap index : Unichem Labs, Safari Ind slide among small-caps

3:38 PM

BSE MidCap indx :: Delhivery, VBL, Ashok Leyland top mid-cap losers

3:37 PM

Broader Market Check :: Indices see steeper cuts; MidCap index falls nearly 0.9%

3:36 PM

Nifty gainers and losers :: 2 out of 5 Nifty losers belong to tata Group

3:34 PM

Sensex Heatmap :: Axis Bank, TCS, Wipro lead gains; Asian Paints, ITC drop

3:33 PM

CLOSING BELL :: Nifty holds 17,200 after a volatile session

3:32 PM

CLOSING BELL :: Sensex outshines Asian peers; ends marginally lower

3:31 PM

JP Associates up 13% on nod to divest cement biz; zooms 72% from June low

At 02:50 PM, the stock was up 11 per cent at Rs 11.88, as compared to 0.45 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter jumped over seven-fold today. A combined 207.58 million equity shares had changed hands on the NSE and BSE till the time of writing of this report. READ MORE

3:26 PM

Gold prices fall as renewed bets of sharp rate hikes lift dollar

"Gold prices are taking their cues from the build-up in rate-hike expectations from last week, brought on by the hotter-than-expected U.S. job report," IG market strategist Yeap Jun Rong said, adding that gold prices seemed to remain locked in a downward trend for now. READ MORE

3:17 PM

Global Check:: US, UK stock futures off lows, now marginally in red

Source: Investing.com

3:07 PM

Domestic steel prices inching up on rising cost, pick-up in demand

According to SteelMint data, the list price of hot rolled coil (HRC), a benchmark in flat steel, has been increased by major steel mills by Rs 1,000-1,500 a tonne for October sales. Prices started firming up marginally from the second half of September. But the fall since the peak levels is much sharper. READ MORE

2:59 PM

Market Check:: Sensex again near highs of the day, down 225 points

2:51 PM

China imposes fresh lockdowns as Covid-19 cases surge after holiday

Chinese cities were imposing fresh lockdowns and travel restrictions after the number of new daily COVID-19 cases tripled during a weeklong holiday, ahead of a major Communist Party meeting in Beijing next week. READ MORE

2:44 PM

Sensex 30 Heatmap:: Axis Bank, TCS gain in a weak market

2:34 PM

Ahead of rights issue, charts hint steady gains for Suzlon; 200-DMA is key

There is a bullish formation of a "Higher High, Higher Low" pattern on the daily chart and only if the stock negates the 200-DMA the trend could turn negative. READ MORE

 

2:25 PM

Asian Markets Update:: Hang Seng plunges 3%; Shanghai down 1.7%

Source: Yahoo Finance

2:14 PM

BSE 500:: Top gainers so far

Brightcom Group up nearly 12 per cent was the top gainer among the BSE 500 stocks so far on Monday. It was followed by IDBI Bank, Mazagon Dock, Rail Vikas and Icron International. VIEW MORE