Sensex falls 153pts; Nifty below 15750; Bajaj Auto dips 5%, Adani Ent up 6%

CLOSING BELL: Select IT, metals, and pharma stocks helped the headline indices recover from the day's low

4:18 PM

Closing view: Market restrained selloff as CPI moderated in May

Domestic market restrained from heavy sell-off as CPI data moderated on an MoM basis and this had a calm down effect amidst global volatility

However, elevated WPI data continued to dominate the broad market, which is cautious awaiting tomorrow’s outcome of Fed policy.

Earlier the global market was anticipating a 50bps hike but now is worried about a higher rate hike due to persistent US inflation.

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

 

4:15 PM

Nifty technical view: The trend is likely to remain sideward in the short-term

The Nifty started the day on a negative note on Tuesday and remained mostly sideward during the day.

On the lower end, it found support at the historical swing low and before closing a bit higher. The daily RSI is in the bearish crossover.

The trend is likely to remain sideward in the short term. On the lower end, support is visible at 15,650. On the higher end, resistance is placed at 15,900/16,000"

Views by Rupak De, Senior Technical Analyst at LKP Securities

4:10 PM

Rajnish Wellness locked at 5% upper circuit as board approves stock split & bonus issue

4:07 PM

WPIL gains 1.7% on order-win worth Rs 430.87 crs

4:05 PM

Buzzing stock: Torrent Power ends 3% up on completing buyout of solar plant from SkyPower Group

4:02 PM

Bajaj twins, Asian Paints, Gland Pharma, Godrej Prop hit 52 week-lows

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3:59 PM

Rupee pares losses to close at 78.01 vs dollar

 

3:57 PM

Sectoral trends: IT, Pharma, Realty, Metals end higher; Oil & Gas sinks 1.2%

3:53 PM

Broader markets: SmallCaps underperform benchmarks

3:51 PM

Nifty top losers: Bajaj Auto sinks 5% in fag-end on deferring buyback

3:50 PM

Nifty top winners: NTPC, Airtel, Divis Lab gain 1.5-2%

3:45 PM

Sensex Heatmap: Winners-losers split in half; Reliance slips 1.3%

3:40 PM

Closing Bell: Nifty holds 15,700; down 120 pts from day's high

3:35 PM

Closing Bell: Markets decline for 3rd day; Sensex sheds 153 pts in volatile session

3:28 PM

Bajaj Auto defers share buyback proposal; stock dips 7%

Bajaj Auto said that the board has decided that further deliberations are required in order to take a decision on the proposal of buyback. Read more

3:22 PM

US equity futures erase gains, but firm in green

 

3:11 PM

OMCs under pressure; HPCL, BPCL hit 52-week lows, IOCL slips 3%

OMCs are likely to remain under pressure with the industry integrated gross margins trending towards zero despite the Russian discounted crude cushion, said analysts. Read more

2:59 PM

Air India fined Rs 10L by DGCA for not compensating flyer denied boarding

DGCA's spot checks found that Air India does not have a policy on denied boarding and is not paying any compensation to the passengers. READ HERE

2:50 PM

NEWS ALERT :: Bajaj Auto Board defers decision on Buyback

>> The Board has decided that further deliberations are required in order to take a decision on the proposal of buyback, and accordingly deferred the matter.

2:47 PM

Oil prices rise as tight supply counters China Covid, recession worries

Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh Covid-19 curbs in China. READ HERE

2:35 PM

Mukesh Ambani's consumer empire gets a cricket spin with IPL digital rights

Disney+ Hotstar, primarily a service for cricket-loving Indians that’s also available in some other Asian markets, has 50 million subscribers and rapid growth. But the monthly average revenue per user for the partly ad-supported app is just 76 cents, a drag on what Disney+ makes from customers elsewhere who pay the full cost of entertainment. READ MORE

2:24 PM

Mixed trade for European markets

2:16 PM

India's palm oil imports in May drop 10% as Indonesia curbs exports

India imported 514,022 tonnes of palm oil in May, down from 572,508 tonnes in April. READ HERE

2:04 PM

Metal stocks shine in trade; Adani Enterprises soars 5%

1:54 PM

NEWS ALERT :: Germany posts record high inflation

1:49 PM

BSE 500:: Volume Shockers

Fortis Healthcare has seen unusually high volume of around 3.45 lakh shares so far on the BSE as against the five-day average volume of around 19,400-odd shares. Similarly, SIS, Cholamandalam Investment, Swan Energy and Balrampur Chini were some of the other stocks to witness unusual volume in trades on Tuesday.

1:40 PM

Fitch expects RBI to raise interest rates to 5.9% by December-end

Fitch Ratings said the Reserve Bank is likely to raise interest rates further to 5.9 per cent by December 2022, on deteriorating inflation outlook. READ MORE

1:33 PM

BSE 500:: Stocks recovering smartly from the lows of the day

Shilpa Medicare has rallied almost 9 per cent from its low of the day. Similarly, Zomato, Adani Enterprises, CreditAccess Gramin and Swan Energy have also gained considerable ground from their respective lows so far.

1:24 PM

BSE 500:: Stocks falling significantly from the highs of the day

TTML and Brightcom Group have shed over 6 per cent each from their respective highs' of the day so far. Mastek, HPCL and MRPL were some of the other stocks to have lost notable ground from the highs of the day among the BSE 500.

1:16 PM

These two stocks have zoomed over 100% in last three weeks

Shares of Kohinoor Foods (Rs 70.95) and Hindustan Motors (Rs 25.55) continue their upward march with the market prices of the two companies having more than doubled in the past three weeks. READ MORE