Sensex falls 64 pts; smallcaps outperform; SBI Life jumps 5%, RIL drops 2%

SBI Life (up over 5 per cent) settled the day as the top Nifty gainer, trailed by Bharti Airtel, Adani Ports, Tata Steel, HUL, Asian Paints, and Maruti Suzuki

3:39 PM

Sensex recoups opening losses, ends mildly lower

3:34 PM

CLOSING BELL

Among the headline indices, the BSE barometer S&P BSE Sensex settled the day at 48,718.5 levels, down 64 points or 0.13 per cent. The index hit a low of 48,028 in the opening deals but rose swiftly through the day to touch a high of 48,863 in late noon deals.

 

On the NSE, the Nifty50 index closed at 14,634 levels, up 3 points or 0.02 per cent, after hitting an intra-day high of 14,674. 

3:26 PM

NEWS ALERT :: Govt makes payment for 11 cr vaccine doses

3:15 PM

Covid impact: Barclays cuts India's FY22 GDP growth forecast to 10%

Blaming the slow pace of vaccinations and uncertainty around the number of those infected and dead in the second COVID-19 wave, global brokerage firm Barclays cut India's FY22 GDP growth estimate to 10 per cent from earlier 11 per cent.

 

If the ongoing localised lockdowns continue till June, it will lead to economic losses of USD 38.4 billion, it said. READ MORE

3:01 PM

MARKET UPDATE:: HUL, Bharti Airtel, Bajaj Finance among top contributors to Sensex's recovery today

2:58 PM

March Quarter Results :: SBI Life

>> Profit: Rs 530 crore, flat YoY

>> Net premium income: Rs 15,560 cr vs Rs 11,860 cr YoY

2:58 PM

OPEC's share of Indian oil imports plunges to two decade low

OPEC's share of India's oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia's third largest economy fell to a six-year low, data obtained from industry and trade sources showed. Total crude imports by the world's third-biggest oil importer fell to 3.97 million barrels per day (bpd) in the 2021 fiscal year to March 31, down 11.8% from a year earlier, the data showed. READ MORE

2:52 PM

European markets check

(Source: Reuters)

2:42 PM

Sugar stocks on a roll; Dwarikesh, Dhampur, Uttam, Dalmia soar over 15%

Shares of sugar companies were on a roll at the bourses, on Monday, with Bajaj Hindustan, Dwarikesh Sugar Industries, Dhampur Sugar Mills, Avadh Sugar & Energy, Uttam Sugar Mills and Dalmia Bharat Sugar and Industries rallying between 15 per cent and 20 per cent, in an otherwise weak market, on healthy outlook. READ MORE

2:36 PM

MARKET CHECK :: Sensex stages smart recovery

2:32 PM

Oil drops towards $66 as India demand concerns weigh

Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over rising demand in other major consumers such as China and the United States.

 

India on Monday reported more than 300,000 new coronavirus cases for a 12th straight day. The new wave of the virus has already led to a drop in fuel sales in the world's third-largest consumer in April. READ MORE

2:32 PM

Oil drops towards $66 as India demand concerns weigh

Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over rising demand in other major consumers such as China and the United States. India on Monday reported more than 300,000 new coronavirus cases for a 12th straight day. The new wave of the virus has already led to a drop in fuel sales in the world's third-largest consumer in April. Brent crude fell 31 cents, or 0.5%, to $66.45 a barrel by 0815 GMT. U.S. West Texas Intermediate was down 19 cents, or 0.3%, at $63.39. READ MORE

2:20 PM

NEWS ALERT :: Cadila health in focus

2:20 PM

Top Sensex drags at this hour

2:19 PM

SBI allocates Rs 70 crore to combat second wave of Covid-19

State Bank of India (SBI) has allocated Rs 71 crore to support various initiatives in combating the second wave of Covid-19 and is in talks with various designated authorities to explore partnerships for setting up makeshift hospitals.

 

The country's largest commercial bank has dedicated Rs 30 crore to set up 1,000 bed makeshift hospitals, 250 bed ICU facilities and 1,000 bed isolation facilities across some of the worst-hit states. READ MORE