This is fifth decline in six sessions; analysts expect markets to react to inflation data today
Most analysts have broadly maintained their 'buy' rating on the stock as they believe the company's demand outlook for FY23 remains robust despite macro-headwinds.
CLOSING BELL: Axis Bank, Kotak Bank, Maruti Suzuki, Power Grid, SBI Life, and ICICI Bank were the top winners on the benchmark indices, rising upwards of 0.5 per cent each
Rising bond yields are considered to be negative for the equity markets, at least in the near-term.
CLOSING BELL: More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, Asian Paints, HDFC, and HDFC Bank
Stock markets will be closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti, as well as on Friday on account of Good Friday
After Friday's gains, the Sensex gained 0.3% and the Nifty gained 0.6% during the week
CLOSING BELL: The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations
Domestic equities have held their ground, with the Sensex up nearly 13% from 2022 lows of 52,843 on March 7 even after the last three days of correction
CLOSING BELL: Adani Ports, Titan, HDFC, PowerGrid, Wipro, HDFC Bank, ONGC, PowerGrid, RIL, Bharti Airtel, TCS, Coal India, Tata Steel, and L&T fell between 1.5 per cent and 3.5 per cent
Reports of fresh sanctions against Russia further impact sentiment. Investors worry that the growing isolation of Russia will further disrupt commodity flows
CLOSING BELL: HDFC Bank, HDFC, and HDFC Life were the biggest laggards on the 50-pack index as they fell between 2.5 per cent and 3.5 per cent
Equity benchmarks took a knock on Tuesday after two days of sharp upmoves as investors pocketed gains in banking and financial stocks after their recent rally
CLOSING BELL: Mixed global cues, rising bond yields globally, and an uptick in oil prices also dented the sentiment
The frontline indices jumped more than 2 per cent on Monday as the announcement of the plan to merge HDFC into HDFC Bank set their stocks soaring
Weight of combined entity in indices is expected to be about 14%; schemes may have to remain underweight on the stock as the single stock exposure in portfolio has to be capped at 10%
Business Standard brings you the top headlines on Monday
CLOSING BELL: Besides, Kotak Bank, HUL, IndusInd Bank, Tata Steel, L&T, and Sun Pharma were the other top gainers
The Sensex rose 708.2 points, or 1.2 per cent, to end at 59,277 - the highest closing level since February 2
CLOSING BELL: Sectorally, the Nifty PSU Bank index jumped 4 per cent on the bourses with Union Bank, Bank of India, Canara Bank, and Bank of Maharashtra adding over 4 per cent each