Sensex ends 304 pts lower at 60,353, Nifty below 18K; Bajaj Finance down 7%

CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.4 per cent

4:11 PM

NIFTY VIEW: Index likely to continue consolidation near 17,800-18,300

The Nifty opened gap up on Thursday only to attract selling pressure near the key hourly moving averages.

Thereon the index tumbled sharply. It went on to breach 18000 however received support near 17900. From there, the index had a swift bounce towards the end of the session.

The weekly chart shows that the index is getting support near the 20 WMA. Also, it has support from multiple technical parameters, which are near 17800. Thus, the overall structure shows continued consolidation near 17800-18300.

Views by Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.

4:09 PM

COMMENT: Investors digesting FOMC minutes that affirm Fed's aggresive stance

Globally, investors are digesting the FOMC minutes, which revealed that the Fed is determined to tame inflation by maintaining its aggressive stance.

Financials led the losses in the domestic market following dismal business numbers from NBFC leaders. Oil prices recovered after falling sharply on fears of a worldwide recession as investors remain optimistic about long-term demand. 

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

4:04 PM

Castrol defies weakness; co in talks with domestic & global OEMs to supply EV fluids

4:02 PM

Godrej Cons gains 3%; sees double digit sales growth in Q3

3:58 PM

Bajaj Finance cracks 7% as Q3 AUM grows slower than expected

CLSA said the company recorded lower loan growth despite the festive season and the stocks still remains unjustifiably expensive.

3:56 PM

Marico lifts FMCG pack, sees margin improvement in Q3

Consolidated revenue in the quarter grew in low single digits on a year-on-year basis. Operating profit likely to have grown modestly.

 

3:52 PM

Suryoday SFB slips 2% despite firm Q3 update

The bank's Q3 deposits rose 48% YoY to Rs 46.84 billion, loans grew 11% YoY

3:47 PM

Rupee ends at 82.56/$ against Wednesday’s close of 82.80/$

3:45 PM

SECTORS: Financials sole drags; Pharma, FMCG, Metals, Oil & Gas surge 1%

3:41 PM

Midcap gains led by ABB, MRF, BHEL, Policybazaar

3:40 PM

Broader market defies weakness; Midcaps outperform

3:39 PM

ICICI Bank, Infosys, Titan other Nifty laggards

3:37 PM

Cipla, Bajaj Auto, JSW Steel additional winners on Nifty

3:36 PM

HEATMAP: Bajaj Twins sink up to 7%; FMCG majors aid recovery

3:34 PM

CLOSING BELL: Nifty gives up 18K; most stocks end with gains

3:33 PM

CLOSING BELL: Sensex recovers from day's low; closes 304 pts down

3:24 PM

UK-India trade body writes to envoy on Vi equity conversion delay

Considering that the issue may gather momentum in the upcoming months, Vikram K Doraiswami, the Indian high commissioner in the UK, has sought guidance from the finance ministry. Read more

3:13 PM

European indices edge lower in early trade

3:02 PM

Global Check:: US, UK stock futures marginally in red

Source: Investing.com

2:54 PM

Here's why Sensex crashed over 1,200 points in two days

Key indices the S&P BSE Sensex crashed over 1,200 points in two days to hit Thursday's low of 60,049 levels, whereas the Nifty50 tumbled over 300 points to hit day's low of 17,892 levels. READ MORE

2:49 PM

BSE 500:: Engineers India, CEAT, Apollo Tyres among top gainers

Engineers India up over 6 per cent was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by Apollo Tyres, CEAT, Minda Corp and Sundaram Fasteners, up 4 - 5 per cent each.

2:40 PM

FMCG cos expect fewer price hikes, robust growth in 2023 despite headwinds

Industry strong enough to withstand another Covid hot for at least two quarters; global recession to have little impact; rural demand remains a concern. READ MORE

2:32 PM

Global Check:: Most Asian markets seen holding gains on Thursday

Source: Yahoo Finance

2:26 PM

BSE 500:: ICICI Securities, ABB, Bajaj Finance among volume shockers

ICICI Securities has witnessed unusally high volume of around 9.60 lakh shares so far on the BSE as against its five-day average volume of around 12,000-odd shares. Similarly, ABB India, Fortis Healthcare, Bajaj Finance and Inox Leisure were among the other BSE 500 volume toppers on Thursday.

2:16 PM

Stock price of this SME company has zoomed 311% against its issue price

Shares of PNGS Gargi Fashion Jewellery were locked in upper circuit for the 12th straight trading session, and have more-than-doubled in the same period. READ MORE

2:05 PM

Market Check:: ITC, NTPC, HUL buck trend; Financials bleed

1:56 PM

BS Special: Why are Hinduja and Torrent sparring over RCap?

The battle between Torrent Group and Hinduja Group to acquire Reliance Capital took another interesting turn this week. What is going on in this high-stake bankruptcy proceeding? WATCH VIDEO to find out

1:45 PM

Regulating global index providers may put MFs in a spot, fear experts

The SEBI's proposed regulatory framework for Index Providers could put domestic mutual funds investing overseas in a spot. Asset managers offering passive products benchmarked to overseas indices may be forced to sever ties with index providers unwilling to comply with local regulations, fear industry experts. READ MORE

1:36 PM

We Founder Circle became India's largest angel investor network in 2022

The platform became one of the fastest-growing angel network communities and has already facilitated funds worth over Rs 100 crore across 53 startups with 71 deals, it said in a statement. READ MORE

1:29 PM

BSE 500:: Bajaj twins, IRB Infra among top losers

Bajaj Finance down nearly 8 per cent was the biggest loser among the BSE 500 stocks. Bajaj Finserv, Cholamandalam Investment, IRB Infrastructure and Hitachi Energy, down 3 - 6 each were the other major losers so far on Thursday.