Page 1615 - Markets News

Rupee slips to fresh low against dollar for fourth straight trading session

The rupee opened weaker at 77.70/$ as compared to Wednesday's close of 77.58/$ and traded in a narrow range amid intervention from the central bank

Bears tighten grip: Market sell-off deepens on global recession fears

Sensex drops to lowest level since July; FPIs sell shares worth Rs 4,900 cr

Oil prices recoup losses based on renewed supply worries, dollar weakness

By David Gaffen

ITC rallies on strong Q4 results, nears 3-year high in a weak market

Cigarette volumes, price growth in FMCG biz, and agri exports to drive revenue

Use hybrid funds to tide over market volatility, say fund managers

The data from Value Research shows that conservative hybrid funds are down nearly 1.5 per cent; equity savings funds are down 1.9 per cent

TCS, Wipro, HCL Tech, L&T Tech: JP Morgan downgrades Indian IT sector

The brokerage firm has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over

Fear on the Street: Index gauging investors' risk perception jumps 10%

India VIX indicates investors' perception of annual market volatility over the next 30 calendar days

Investors lose over Rs 6.71 trn as markets crash over inflation worries

Investors fretted over stagflation risks and Federal Reserve's more hawkish stance to rein in inflation by opting for more rate hikes

ITC shares jump over 3% after Q4 earnings; m-cap climbs Rs 11,276 cr

The surge in the counter assumes significance as the broader market was in the negative territory mirroring weak trends in global equities

Rupee slumps 10 paise to close at all-time low of 77.72 against US Dollar

The rupee extended its losses and slumped 10 paise to close at a record low of 77.72 against the US dollar weighed down by a negative trend in domestic equities and unabated foreign fund outflows.

Sensex crashes 1,400 points: 6 factors underlining bearish sentiment

Tracking overnight slump in the Wall Street, the worst selloff seen since June 2020, analysts believe that the markets will remain on edge over fears of recession and concerns of a hawkish US Fed

Oil prices recoup early losses on China hopes, global supply fears

By Yuka Obayashi and Florence Tan

Investors poorer by Rs 7 trn as Sensex crashes 1,416pts; Nifty holds 15,800

CLOSING BELL: The Nifty IT index plunged 6 per cent on the NSE today after global brokerage JPMorgan downgraded the sector to "underweight".

Nava Bharat Ventures zooms 33% in 4 days on robust Q4 results

The company reported robust growth in its operations, backed by solid traction in manganese alloy business in both export and domestic markets.

Dr Reddy's Q4 PAT falls 76% YoY on impairment costs; misses estimates

The company's board also recommended a final dividend of Rs 30 per equity share of face value of Rs. 5 each for the financial year 2021-22.

Nifty IT index slips 5%; Infosys, Tech Mahindra, LTTS, Wipro down over 5%

The deterioration of the US corporate sector profitability would lead to tighter IT spending

Manappuram Finance plunges 12%, hits 2-year low on weak Q4 results

Asset quality worsened during the quarter as gross non-performing asset (NPA) and net NPA ratio increased by 160 basis points (bps) and 170 bps quarter on quarter (QoQ) to 3 per cent and 2.7 per cent.

Chart check: ITC could jump 40% on fresh breakouts, may hit Rs 400-mark

Though ITC is 40 points short from its all-time high of Rs 315.25-mark, the present scenario on the daily and weekly charts point to a strong up move

HDFC Bank hits 52-week low; slips 26% since merger announcement with HDFC

Slower-than-expected credit growth amid weakening macros due to the Ukraine-Russia conflict; further softness in margins due to slower retail credit growth are key risks according to analysts

Lupin slips 9%, hits 2-year low on disappointing March quarter results

Lupin's performance was skewed on revenues front amid US and India posting lower than expected sales while RoW and South Africa saw better than anticipated traction this quarter.