Sensex falls for 3rd day, dips 303 pts; Asian Paints sinks 8%; IT index 3%

CLOSING BELL: The broader markets, meanwhile, bled more with the BSE SmallCap index sliding nearly 3 per cent, and the BSE MidCap index falling close to 2 per cent

4:09 PM

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

Bulls have managed to hold the 16000 mark as bears remained at the helm throughout the day. So far, bears have taken 400 points from the market in the last few days. Over the near term, 16000 is likely to act as the line of polarity; a fall below 16000 may trigger a severe correction in the market.

4:05 PM

Market view: Vinod Nair, Head of Research at Geojit Financial Services

Domestic indices wavered tracking mixed sentiments from the global markets as investors assessed the possibility of a recession in the US followed by the Fed policy tightening. Global markets are awaiting the release of the Fed minutes, which will be evaluated for details on the path of the upcoming rate hikes. In this whipsaw market, investors can resort to defensives & value stocks & sector.

4:03 PM

CURRENCY CHECK: Rupee closes 4 paises higher against US dollar

4:00 PM

Closing bell: Over 2,600 stocks declined whereas 717 advanced

3:57 PM

Closing bell: Amara Raja, Aurobindo Pharma among stocks that hit 52-week low

3:52 PM

Closing bell: Asian Paints, Adani Ports, Divi's Lab top Nifty 50 losers

3:50 PM

Closing bell: NTPC, HDFC Life, SBI Life top Nifty 50 gainers

3:45 PM

Closing bell: Broader markets bleed; India Vix slips 1%

3:39 PM

Closing bell: IT, media stocks tumble in trade

3:36 PM

Closing bell: 12 out of 30 Sensex stocks close in positive territory

3:33 PM

Closing bell: Over 300 points downfall for Sensex

3:32 PM

Closing bell: Nifty 50 slips below 16,150 levels

3:26 PM

S&P BSE IPO sheds over 250 points; Paytm declines over 8%

3:18 PM

Govt approves sale of entire remaining stake in Hindustan Zinc

The government may sell its shares in tranches through offer for sale (OFS), and the sale will be structured by DIPAM, an official said. READ HERE

3:07 PM

Is the golden period of retail inflows ending? Watch out for these factors

Jefferies highlights four factors that historically have influenced retail investor sentiment. READ HERE

2:59 PM

Global markets: European indices move higher

source: finance.yahoo.com

2:50 PM

Coromandel Intl falls 10% on profit-taking post gaining 17% in 1 month

Analyst believe the company should benefit from debottlenecking of the phosphoric acid plant as well as from an increased share of newly-launched, high margin, crop-protection products in FY23. Read more

2:40 PM

JUST IN: Deepak Fertilisers posts multifold YOY rise in PAT at Rs 280 crores

 

2:35 PM

ICICI Direct launches life-stage investing tool LIFEY for customers

ICICI Direct has launched LIFEY with a dashboard, which will enable its customers to comprehensively track the progress of their goals and provides timely alerts. Read more

2:28 PM

Nifty SmallCap50 falls 3%

2:22 PM

Globus Spirits slips 15% on weak March quarter results

In Q4FY22, EBITDA margin contracted by 720 basis points (bps) year-on-year to 17.6 per cent. Read here

2:11 PM

UPDATE: No signs of peace as Ukraine vows to continue fight

2:03 PM

SpiceJet, Credit Suisse end legal battle, sign settlement and consent terms

The settlement and consent terms, executed on May 23, 2022 between SpiceJet and Credit Suisse have also been filed before the Supreme Court of India for final orders. Read here

1:48 PM

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

Hindustan Zinc has gained nearly 7 per cent from its low of the day so far. Conatiner Corporation, Minda Industries, Narayana Hrudaya and Adani Power were some of the other notable gainers from their respective lows of the day.

1:39 PM

GAIL's Rs 1,083 crore buyback offer kicks off: Should you tender shares?

The Rs 1,083 crore buyback by state-run GAIL (India) opened today and will run till June 7. The 14-day long buyback offer is priced at Rs 190 per share, representing a premium of 28.28 per cent on the BSE and 29.20 per cent on the NSE. READ MORE

1:31 PM

NEWS ALERT :: Moscow calls for lifting of sanctions to avoid food crisis

1:27 PM

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

Chambal Fertliser has tanked 10 per cent from its high of the day. Dishman Carbogen, Welspun Corp, RCF, Metropolis Healthcare and Praj Industries were some of the other stocks to have lost significant ground from the respective highs' of the day.

1:20 PM

German economy dodges recession in Q1 despite Ukraine war, pandemic

Europe's largest economy grew by 0.2% quarter on quarter and by 3.8% on the year, adjusted for price and calendar effects, the Federal Statistics Office said. A Reuters poll had forecast growth of 0.2% and 3.7%, respectively.

 

The first-quarter growth meant Germany avoided a recession, defined as two quarters in a row of contraction, after gross domestic product (GDP) fell by 0.3% at the end of 2021. READ MORE

1:11 PM

BSE 500:: Volume Shockers

Astek DM Health has witnessed unusally high volume of 2.02 lakh shares as against the five-day average volume of 13,800-odd shares on the BSE. Similarly, Bayer Crop, SBI Life Insurance, Minda Industries and Berger Paints too have witnessed unusually high volume in trades so far on Wednesday.

1:01 PM

Global Check:: US futures marginally in green