Page 1655 - Markets News
Top headlines: HUL splits chairman and CEO roles; oil rises above $105
Business Standard brings you the top headlines on Thursday
 "Top headlines: HUL splits chairman and CEO roles; oil rises above $105")
Investors lose Rs 13 trn as Sensex tanks 2,702 pts amid global meltdown
The Sensex crashed over 2,700 points on Thursday -- its biggest single-day plunge in about two years -- in lockstep with a severe sell-off in global markets
 "Investors lose Rs 13 trn as Sensex tanks 2,702 pts amid global meltdown")
Oil at $103: No fears of supply disruption to India, prices a concern
Brent crude rose to as much as USD 103.78 a barrel, the highest since August 14, 2014, and was at USD 103.40 at 1500 hrs, up USD 6.71, or 6.93 per cent
 "Oil at $103: No fears of supply disruption to India, prices a concern")
Sensex tanks 2,702pts, ends below 55K; Nifty gives up 16,250; Brent at $105
Closing Bell: Benchmark indices clocked their biggest one-day fall since March 2020 as Russia invaded Ukraine, rattling global markets
 "Sensex tanks 2,702pts, ends below 55K; Nifty gives up 16,250; Brent at $105")
Stocks slump, rupee slides, gold glitters amid Russia-Ukraine conflict
Domestic stock market opened deep in the negative territory, tumbling over 1,700 points and eroding investors' wealth by more than Rs 8 lakh crore in less than an hour of start of trade on Thursday
 "Stocks slump, rupee slides, gold glitters amid Russia-Ukraine conflict")
S&P BSE IPO index plunges 6%; 31 stocks hit lowest levels since listing
In the past three months, the IPO index has tanked 31 per cent as against 5 per cent decline in the S&P BSE Sensex
 "S&P BSE IPO index plunges 6%; 31 stocks hit lowest levels since listing")
CBI questioned NSE IT's Muralidharan in co-location case, says official
In January, 2020, SEBI had exonerated NSE IT's Muralidharan along with eight others including NSE CEO Ravi Narain in the co-location case.
 "CBI questioned NSE IT's Muralidharan in co-location case, says official")
Sanjay Sapre to step down as president of Franklin Templeton in June 2022
Avinash Satwalekar, currently is the country head of Malaysia and will relocate to India as president - designate effective April 1, 2022.
 "Sanjay Sapre to step down as president of Franklin Templeton in June 2022")
Sensex, Nifty breach 200-DMA but don't panic on event driven sell-off
Traders should opt to stay on the sidelines as this is an event-driven volatility, and wait for a decisive confirmation
 "Sensex, Nifty breach 200-DMA but don't panic on event driven sell-off")
OMCs under pressure as Brent tops $100-mark; BPCL, IGL hit 52-week lows
BPCL, HPCL, Indian Oil, Gujarat Gas, Petronet LNG, Indraprastha Gas and Mahanagar Gas are trading 2 per cent to 6 per cent lower on the BSE.
 "OMCs under pressure as Brent tops $100-mark; BPCL, IGL hit 52-week lows")
Market outlook: 5 reasons why March F&O series could keep investors on edge
The average daily swing for the NSE Nifty 50 index was 1.45 per cent, the highest in the last 10 months.
 "Market outlook: 5 reasons why March F&O series could keep investors on edge")
Policybazaar falls 8%, hits new low; stock tanks 52% in three months
In the past two weeks, PB Fintech has slipped 28% after Yashish Dahiya, executive director and CEO, and Alok Bansal, whole time director and CFO, sold 6.09 million shares of the company
 "Policybazaar falls 8%, hits new low; stock tanks 52% in three months")
Indus Tower slips 14% after 3% equity changes hands on NSE and BSE
A combined 74.4 million equity shares had changed hands on the bourses till 9:52 AM. According to reports, British telecom giant Vodafone was in discussions to sell around 5% stake in Indus Towers
 "Indus Tower slips 14% after 3% equity changes hands on NSE and BSE")
Dr Reddy's falls 3%, hits 52-week low; stock slips 10% in one month
The stock of the pharmaceutical company, which has a significant presence in the Russian market, has fallen below its previous low of Rs 4,135.90 touched on March 19, 2021
 "Dr Reddy's falls 3%, hits 52-week low; stock slips 10% in one month")
Stocks to Watch: Indian Hotels, TCS, Dabur, Bosch, Ashok Leyland, Insurance
Insurance related stocks could see some action as the India Protection Quotient (IPQ) survey 4, stated that term insurance ownership has gone up from 36 per cent to 43 per cent in the last two years.
 "Stocks to Watch: Indian Hotels, TCS, Dabur, Bosch, Ashok Leyland, Insurance")
Are mid, small-caps attractive buys after sharp correction?
Sanctions against Russia received lukewarm response from investors. The broader indices outperformed the frontline indices yesterday, but should you chase this rally? Let's find out
 "Are mid, small-caps attractive buys after sharp correction?")
Top headlines: Ukraine president pleads for peace, oil shock may sting
Mutual funds are keeping their powder dry to invest in LIC's IPO that is expected to hit the market next month
 "Top headlines: Ukraine president pleads for peace, oil shock may sting")
Wall Street drops as Ukraine worries intensify; Dow falls 300 points
The S&P 500 lost 53.36 points, or 1.24%, to 4,251.4 and the Nasdaq Composite dropped 234.72 points, or 1.75%, to 13,146.79
 "Wall Street drops as Ukraine worries intensify; Dow falls 300 points")
Foreign funds in a bind over Sebi's curbs on overseas investments by MFs
After the Sebi diktat, international funds had stopped taking fresh inflows into their schemes
 "Foreign funds in a bind over Sebi's curbs on overseas investments by MFs")
As Brent crude inches towards $100 mark, what does it mean for the world?
Average natural gas prices in January and February highest in the last nine years
 "As Brent crude inches towards $100 mark, what does it mean for the world?")