Sensex ends near day's low, dips 435pts; Nifty below 18K; HDFC Bank down 3%

CLOSING BELL: Mixed global cues, rising bond yields globally, and an uptick in oil prices also dented the sentiment

4:01 PM

Technical View: Rupak De, Senior Technical Analyst at LKP Securities

Nifty remained sideward during the session. On the higher end, it found resistance around the previous high before ending the session in the red. However, the Nifty has managed to close above 200DEMA indicating a prevailing positive trend. On the higher end, 18150 may continue to remain an immediate resistance, on the lower end, support is visible at 17800.

3:59 PM

Mixed trade for European markets

3:58 PM

US equity futures trade on a negative note

3:52 PM

Rupee closes 23 paise higher against US dollar

3:50 PM

Closing bell: Over 1,400 stocks advanced while 634 declined

3:46 PM

Closing bell: Broader markets outperform benchmark; India Vix climbs above 3%

3:44 PM

Closing bell: HDFC Twins, Bajaj Finserv, Kotak Bank top Nifty 50 laggards

3:43 PM

Closing bell: Adani ports, NTPC, Tata Motors top Nifty 50 gainers

3:40 PM

Closing bell: BFSI, realty lose steam; FMCG, auto stocks upbeat

3:38 PM

Closing bell: Nifty 50 closes below 18,000 levels

3:34 PM

Closing bell: 17 out of 30 Sensex stocks close negative

3:32 PM

Closing bell: Sensex closes lower by over 400 points

3:30 PM

MARKET CHECK :: Sensex hits day's low

3:20 PM

Private banks battered in trade; Federal Bank slips over 4%

3:14 PM

Energy basket gains steam; Tata Power soars over 8%

3:03 PM

Adani Group shares at lifetime highs; Adani Power zooms 92% in one month

Adani Wilmar has surged 61% in the last one month; Adani Total Gas and Adani Enterprises rallied 35 per cent and 33 per cent, respectively. READ MORE HERE

2:50 PM

STOCK UPDATE :: 0.2% equity exchanges hands on Adani Power

2:42 PM

BS OPINION :: Banking on efficiency

The merger between giant mortgage lender HDFC and its group company, leading private bank HDFC Bank, sets all kinds of records. It creates a financial services giant with advances amounting to nearly Rs 18 trillion, assets under management of over Rs 25 trillion, a net worth of over Rs 3 trillion, and the highest free-float market cap in India. READ MORE

2:27 PM

BREAKING :: HDFC Bank can consider becoming a Holding Company, says MD

>> All subsidiaries will work under the ambit of HDFC Bank 

>> No need to raise fresh funds for the merger

Source: TV reports

2:23 PM

NEWS ALERT :: Sri Lanka's new finance minister resigns a day after appointment

>> Sri Lanka's new Finance Minister Ali Sabry on Tuesday resigned, a day after President Gotabaya Rajapaksa appointed him after sacking his brother Basil Rajapaksa amidst the island nation's worst economic crisis.

>> Two days ago, the governor of Sri Lanka's central bank, Ajith Nivard Cabraal, had submitted his resignation.

>> Sri Lanka is currently experiencing its worst economic crisis in history. With long lines for fuel, cooking gas, essentials in short supply and long hours of power cuts, the public has been suffering for months.

2:16 PM

TCS gains 2% to hit 10-week high; stock nears all-time high

On March 31, 2022, the information technology (IT) bellwether announced that the board of directors of the company would meet on Monday, April 11, 2022 to consider financial results for the quarter and full year ending March 31, 2022. READ MORE

2:15 PM

Broader markets buck trend; SmallCaps shine

 

1:56 PM

Passenger vehicle retail sales dip 5% in March to 271,358 units: FADA

The Russia-Ukraine war and China lockdown would further dent supplies and hit vehicle deliveries, he added. Two-wheeler sales declined by 4.02 per cent to 1,157,681 units last month, as compared to 12,06,191 units in the year-ago period. READ MORE

1:55 PM

European markets muted in early deals as investors track Ukraine-Russia developments

source: finance.yahoo.com

1:47 PM

Bad loans to decline to 5.6-5.7% level by March 2023, says ICRA

The asset quality of the Indian banking system is set to improve further with its gross non-performing assets (NPAs) estimated to decline to 5.6-5.7 per cent by March 2023 from 6.2-6.3 per cent in March 2022, according to ICRA. Read more

1:39 PM

BSE 500:: Stocks losing ground from the high's of the day

SpiceJet, Macrotech Developers and Sterlite Technologies were some of the prominent stocks to lose significant ground from the respective highs of the day.

1:39 PM

Easy Trip Planners hits record high on heavy vols; stock up 20% in 2 days

Shares of Easy Trip Planners had hit a record high of Rs 415 and rallied 10 per cent on the BSE in Tuesday’s intra-day trade on back of heavy volumes. The stock of the travel support services company surged 20 per cent in past two trading days on hopes of on healthy earnings. The company’s management is extremely bullish about the strong pentup demand in the travel industry. Read it here

1:31 PM

Zomato Update:: Company issues statement

According to a release issued by the company, Zomato said will continue to work closely with the Hon'ble Commission to assist them with their investigation and explain to the regulator why all of our practices are in compliance with competition laws and do not have any adverse effect on competition in India. READ FULL STATEMENT

 

1:23 PM

BSE Sensex 30:: ITC, TCS help Sensex recover losses

1:10 PM

BSE 500:: Stocks recovering sharply from day's lows

Swan Energy and Dilip Buildcon surged over 18 per cent each from the respective lows of the day. Gujarat Pipavav Port, IOL Chemiclas and Vaibha Global were the other significant movers.