CLOSING BELL: The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS
Investors should be prepared for further turmoil
FPIs sell shares worth Rs 4,000 crore; US inflation hits new 4-decade high
Stock market highlights: Over 35 Nifty stocks ended the session in the red with Bajaj Finance, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4%
The market's confidence has been shaken as persistently elevated levels of commodity prices, and disrupted supply chains continue to be a double whammy for the economy and companies alike.
Investors made a cautious return to IT, pharma and bank stocks after their recent sell-off
CLOSING BELL: Dr Reddy's Labs, Reliance Industries, Bharti Airtel, Sun Pharma, Tech M, and Infosys were the top large-cap gainers
Foreign portfolio investors (FPIs) sold shares worth Rs 2,294 crore, while domestic investors provided buying support to the tune of Rs 1,311 crore
Titan was the biggest laggard in the Sensex pack, falling 4.48%, followed by Dr Reddy's, L&T, HUL, Asian Paints, Bajaj Finance, TCS and ICICI Bank
Experts believe the current news cycle may keep the stock prices of related players volatile in the near term, but any fundamental or direct impact, in the long run, remains improbable.
If bond yields continue to climb, Nifty valuations will have to lower to maintain the gap
Large-cap funds' AUM falls to Rs 2.19 trn, that of flexi-cap funds to Rs 2 trn, shows Amfi data
CLOSING BELL: The Nifty IT index was the only gainer, up 0.45 per cent
High crude oil prices, lacklustre macroeconomic data and foreign fund outflows also played spoilsport
CLOSING BELL: Reliance Industries (RIL) was the biggest contributor, accounting for over 65 per cent of today's gains, as its shares surged 3.6 per cent
The rupee on Wednesday recovered from its record low to close 20 paise higher at 77.51 (provisional) against the greenback
CLOSING BELL: The Nifty50 index shut shop at 16,523, down 62 points or 0.37 per cent
For the full financial year ended 2022, the logistic tech company's net loss swelled to Rs 1,011 crore, compared to Rs 415.7 crore in the previous year.
CLOSING BELL: Sun Pharma, Kotak Bank, HDFC, SBI, Reliance Industries, Shree Cement, and HDFC Life fell up to 3.5 per cent.
Stocks to Watch: Investors will react to LIC and Delhivery's Q4 numbers. The domestic GDP data for March quarter, slated to be released later today, will also be keenly monitored.