Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space

Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.

Stocks, Stock markets

<div>
	Tracking a rout in the global markets, the benchmark indices tumbled for the second day on Monday. Investors were spooked by a possible spillover of China&#39;s Evergrande&#39;s debt woes, fall in commodity prices and ahead of US Federal Reserve policy meet outcome.&nbsp;</div>
<br />
<div>
	Both the indices ended the volatile session near day&#39;s low. The BSE Sensex shed 525 points to end at 58,491 while the NSE Nifty closed the day at 17,397, down 188 points. Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space.</div>
<br />
<div>
	Sectorally, barring the Nifty FMCG index all indices ended in the red. Nifty Metal tumbled the most followed by the Nifty PSU Bank index, down 6.6 per cent and 4.18 per cent, respectively. Nifty Realty, Bank, Pharma also tanked nearly 2 per cent each.</div>
<br />
<div>
	The fall in broader markets was more pronouned as the BSE Midcap index plunged 1.84 per cent and the BSE Smallcap 1.8 per cent.</div>

Global rout sends Sensex 525 pts lower; metal index tumbles 7%, PSU bank 4%

Business Standard

Tata Group-owned Air India, which has embarked on an ambitious transformation plan, expects the first A350-900 aircraft to arrive in India by the end of this year


JKC also said it is expecting the airline to be up and running next year with the launch date likely to be announced in the next few days


India will hope for a rich medal haul from the athletics contingent who will begin their campaign on Friday, Day 6 of the Asian Games 2023. Saketh Myeneni and Ramkumar Ramanathan will play for gold


Asian Games LIVE updates: India shooter Palak and Esha Singh won Gold and Silver in 10m air pistol women's individual event. India's medal count swells to 30 with eight Gold, 11 Silver and 12 Bronze


Due to the protest, several trains on the Ambala-Shri Ganganagar route were cancelled on Thursday


The South Asian country wants to obtain another 400 of these guns, which would make the equipment about a sixth of all artillery pieces in the Indian armory


IHC said that it continually strives to enhance shareholder value and additional information about the transaction will be included in its quarterly financial disclosure

The global sugar market has been jittery for weeks on concerns that poor rains will crimp output and prompt India to restrict shipments to contain local prices ahead of an election next year


Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

In February 2022, Russia attacked Ukraine&amp;#39;s capital, Kyiv, from the north in an attempt to overthrow President Volodymyr Zelensky&amp;#39;s government. In the months following, artillery bombardment and street fighting continued, with Russia seizing multiple cities.

&amp;nbsp;

After a slew of scandals in his term spanning three years, UK Prime Minister Boris Johnson resigned from office in July. Johnson was succeeded by Liz Truss, who took over the office in September.
						
						But after 45 days in the office, she resigned, becoming the shortest-serving PM in UK history. Her budgetary plans, at the centre of which were tax cut plans, had crashed the markets, making her lose the confidence of almost all her own MPs.
						
						In the days that followed, Rishi Sunak took over as Britain&amp;#39;s 57th prime minister and vowed to fix the mistakes made by his predecessor, Liz Truss.

Russia Invades Ukraine

In April, protests began in the nation following a sharp rise in food and fuel costs. Thousands demanded the resignation of now-ousted President Gotabaya Rajapaksa. The people faced long power cuts daily and shortages of basics, including fuel and food. Sri Lanka&amp;#39;s doctors said they were nearly out of life-saving medicines.
						
						Rajapaksa&amp;#39;s government was being blamed for the chronic mismanagement of the country&amp;#39;s finances. In July, protestors stormed Rajapaksa&amp;#39;s home, pushing him to flee the nation before resigning from office.

UK&amp;#39;s political crisis

In September, 22-year-old Iranian girl Mahsa Amini died after being detained for allegedly violating Iran&amp;#39;s laws requiring women to wear a headscarf. Authorities said she died of illness, but her family claimed she fell into a coma after being mistreated by the police. Sources said the police beat Amini with a baton and banged her head against a vehicle. At her funeral on September 17 in Saqez, women protested by ripping off their hijabs. Protests sparked by her demise have since roped in ethnic minorities and even school children. Thousands of women since then have been showing solidarity by cutting their hair and burning their hijabs in public.
						
						Now, the unrest has spread beyond a women&amp;#39;s right to a movement that is calling for an end to theocratic rule. The protests are now the most broadly supported movement in Iran in over four decades.

Sri Lanka economic crisis

In October, Chinese President Xi Jinping was handed a historic third term in office. He became the first leader of the ruling Communist Party after party founder Mao Zedong to get a third term in power.
						
						This came as China&amp;#39;s economy was running out of steam after decades of high growth. Many expect Xi&amp;#39;s third term may see China revert to more old-school economic management, focusing on shoring up the heavy industry and continuing a crackdown on big tech.

Uprising mounts again in Iran

In a historic first, rich countries agreed to pay for losses and damages caused by climate change. For 30 years, developing nations have been calling for developed countries to compensate for the costs of climate disasters caused by climate change. And rich nations that caused the pollution resisted the demand. But this changed in 2022.

Chinese President Xi Jinping starts record third term in power

In 2022, inflation was rising worldwide, with food and energy prices hitting record highs. The hike was mainly driven by pent-up consumer demand after the pandemic and Russia&amp;#39;s invasion of Ukraine. As the pandemic waned, people wanted to return to normalcy and spend more. This led to companies demanding higher prices. Companies also hired more to serve the pent-up demand. They had to increase wages to attract workers and raise prices to compensate for that.

A landmark deal UN Climate Change Conference (COP27)

In September, Queen Elizabeth II, Britain&amp;#39;s longest-serving monarch, died at 96 after reigning for 70 years. Many said her death would mark a turning point for commonwealth nations as many may disassociate themselves.

The global economy at crossroads

In October, Brazil&amp;#39;s former president, Luiz In&amp;aacute;cio Lula da Silva beat Jair Bolsonaro in the country&amp;#39;s closest presidential race in history. Silva&amp;#39;s win marked Latin America&amp;#39;s shift to the left and pointed to an extraordinary comeback for a man in jail for corruption three years ago.

Queen Elizabeth II dies

In October, billionaire Elon Musk closed his $44 billion deal to buy Twitter after months of dilly-dallying, drama and a lawsuit. The Tesla owner&amp;#39;s Twitter takeover is also one of the biggest tech acquisitions of all time. May fear that Musk&amp;#39;s takeover may turn the social media giant into a hotbed of hate speech.
					
						&amp;nbsp;

Brazil elections

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

What led to a 7% crash in Nifty Metal index?

Metals have been under pressure today on buzz over Chinese firm Evergrande facing financial trouble and speculation over default on debt payment, which has led to a selloff in most risky assets. Metals complex has been roaring since the start of the year and looked quite overheated given the change in stance from Fed over its bond purchase programme and weaker data coming out of China over the last couple of months. Some metals have doubled from lows hit in 2020 and could find it difficult to sustain such highs, given the rapidly changing macros and spread of the virus once again. The market may have found its reason for a cool off / correction and we remain cautious on most metals in the short term. Medium term picture still looks promising, but the weak hands will have to find their way out in the short run.<br />
<br />
<em>Views by:&nbsp;Navneet Damani, Head of Commodities &amp; Currencies Research, Motilal Oswal Financial Services</em>

TECH VIEW :: Rohit Singre, Senior Technical Analyst at LKP Securities

<div>
	Index continued to show profit booking for the second consecutive session and closed a day at 17397 with loss of more than one percent forming a bearish candle on the daily chart. The index has now immediate support at 17300 followed by 17200 zone which will be trend changing level on the downside if managed to hold above-said levels one can expect a good pullback failing to hold can change the immediate trend to down, on the higher side strong hurdle is coming near 17450-17500 zone also any move around said levels will be again profit booking opportunity.</div>

MARKET QUOTE :: S Ranganathan, Head of Research at LKP Securities

<div>
	Amidst heightened volatility and weak global cues the Nifty Metal Index plunged almost 7% in late afternoon trade today. As global markets corrected fearing the contagion around the Chinese Developer, risk aversion was seen across markets. Barring the FMCG pack, the market breadth was extremely weak with sectoral indices trading in the red.</div>
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	&nbsp;</div>

MARKET VIEW :: Fed not likely to hint on taper plans in upcoming meeting; here's why

Following high volatility and weak global sentiments, the domestic market ended in a bear grip with Metal and PSU Banks leading the downward rally. Global markets traded negatively as investors were cautious ahead of multiple central bank policy meetings scheduled this week. However, due to weak US job data and inflation increasing at a slower pace, Fed is not expected to hint on taper plans in the upcoming meeting.<br />
<br />
<em>--&nbsp;Vinod Nair, Head of Research at Geojit Financial Services</em>

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Indian Hotels ends 8% higher, stock hit 52-week high in intra-day session

&gt;&gt; Most hotel stocks gained amid hopes of business revival following unlocking of the economy and pick-up in travel.

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Lupin slips 2% on receiving 7 observations from US FDA for Goa plant

&gt;&gt;&nbsp;Its Goa facility has received seven observations from the US drug regulator. The Goa plant was inspected in March 2017 and received a warning letter for the facility from the US Food and Drug Administration (USFDA).&nbsp;

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BUZZING :: ITC ends flat after hitting 52-week high in intra-day deals

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Sector Watch :: Defensive bets trim losses! Nifty FMCG index rises 1%

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Sector Watch :: Nifty PSU Bank index extends decline into second day

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Sector Watch :: Nifty Metal index skids nearly 7%; Tata Steel, Jindal Steel fall 10% each

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Broader markets underperform; BSE MidCap index falls 1.8%

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Sectoral trends on the NSE :: All but FMCG index end in the red

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Sensex Heatmap :: 24 of the 30 constituents end in the red; Tata Steel falls 10%

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<div>
	Indian Equity benchmarks continue to trade in red terrain in noon deals as investors booked profits at higher levels, mainly in Metal, Basic Materials and PSU stocks. Investors were taking caution approach as across the world will be eyeing the FOMC meet this week for clarity on the outlook for tapering as well as interest rate timelines. While the Fed&#39;s planned reduction of bond purchases has been in focus this year, their view on interest rates will likely be the fresh triggers to move markets world over. However, downside remain capped as with the markets remaining buoyant as Foreign Portfolio Investors (FPIs) remained net buyers in domestic markets so far in September by investing a net sum of Rs 17,822 crore. FPIs invested Rs 11,287 crore into equities and Rs 5,018 crore in the debt segment on a net basis between September 1 and 17. On the global front; Asian markets were trading lower ahead of a week packed with global central bank meetings, with a torrid session for the world&#39;s most indebted property developer China Evergrande. Back home, hotel stocks were in focus on hopes of business revival following unlocking of the economy and pick-up in travel.<br />
	<br />
	<em>--&nbsp;Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares &amp; Stock Brokers</em></div>
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India VIX surges 14%, trades above 17 levels

Global rout sends Sensex 525 pts lower; metal index tumbles 7%, PSU bank 4%

Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space

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