CLOSING BELL: NTPC, Infosys, HUL, Wipro, and RIL slipped over 1 per cent each
Stocks to watch today: SBI and IDBI Bank have raised their interest rates on retail term deposits, subject to different tenors; LIC hiked stake in Hero MotoCorp to 11.2 per cent from 9.1 per cent.
Rate hike fears keep investors on tenterhooks as they await Fed policy
CLOSING BELL: Select IT, metals, and pharma stocks helped the headline indices recover from the day's low
Indian currency performed rather well compared to most Asian peers, which were hammered due to the hotter-than-expected US inflation data
The 30-share BSE benchmark tanked 1,456.74 points, or 2.68%, to settle at 52,846.70 on Monday
Unabated foreign fund outflows and the rupee breaching the 78-mark against the US dollar for the first time ever further soured risk appetite
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
The Sensex closed at 54,892, with a decline of 215 points, or 0.4 per cent, and the Nifty finished at 16,356, with a drop of 60 points, or 0.3 per cent
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.
The conditions for the strategic divestment of IDBI Bank could facilitate its merger with other financial entities, including commercial banks, said an official. Read more in our top headlines
The index EPS tracks the combined earnings of the 30 companies that are part of the Sensex
CLOSING BELL: nfosys, ICICI Bank, Kotak Bank, ITC, and Tata Steel were the large-caps that helped the 30-pack index bounce back from lows