Indices log biggest 1-day fall in 9 mths; Sensex sinks 1,939 pts, holds 49K

In the intra-day trade, the benchmark S&P BSE Sensex tumbled 2,149 points while the Nifty50 index slumped 629 points

10:52 AM

MARKET UPDATE:: Sensex slips to day's low

10:45 AM

Oil prices retreat from 1-year high alongside global market selloff

Oil edged lower as crude’s rally on a tightening global supply outlook lost some momentum amid a broader market decline.

 

Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation. Meanwhile, technical indicators show crude hovering in overbought territory after skyrocketing to one-year highs this week. READ MORE

10:34 AM

Rupee tanks 67 paise to 73.10 against US dollar in early trade

The Indian rupee registered a massive fall of 67 paise and slipped below the 73 per US dollar mark in opening trade on Friday tracking weak Asian currencies and heavy selling in the domestic equities.

10:21 AM

RailTel Corporation debuts at 16% premium over issue price of Rs 94

Shares of RailTel Corporation of India (RailTel) listed at Rs 109 on the NSE on Friday, a premium of 16 per cent over its issue price of Rs 94 per share. Meanwhile, on the BSE, the scrip listed at Rs 104.60 per share. The state-owned telecom infrastructure provider's IPO got bids 42 times more demand than the shares on offer. READ MORE

10:14 AM

Rising bond yields, commodity prices to cap market upside, say analysts

A sharp surge in bond yields coupled with rising commodity prices have come back to haunt equity markets, with most analysts expecting a limited upside for the equity markets from here on. On Friday, Asian stocks traded sharply lower after Wall Street's main indexes tumbled, with technology-related stocks under pressure following a steep rise in benchmark US Treasury yields, which hit their highest level since the pandemic began – up 14 basis points (bps) at 1.5286 per cent. The surge came on the back of expectations of a strong economic expansion and related inflation. READ MORE

10:07 AM

LISTING ALERT :: RailTel lists at 11% premium on BSE

9:57 AM

Explained: How bond yields impact stock market & what should investors do?

The benchmark bond (10-year tenor) yields had fallen to 5.6 per cent during the peak of the pandemic crisis but have since been rising and jumped 31 bps since the Budget. Year to date, the yields have crept up 16 bps in 2021 so far. Acuit Ratings now expects the 10-year sovereign yields to rise from 6 per cent in March 2021 to 6.40 per cent by March 2022 given that the Reserve Bank of India may hike repo rate by 25 bps going forward. READ MORE

9:45 AM

Nifty Pharma index turns positive

9:40 AM

DHFL jumps 5% as co's resolution plan receives no objection from RBI

The company has received no objection from the Reserve Bank and has filed an application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance.

9:31 AM

Buzzing Stock :: Dilip Buildcon hits 52-week high on Rs 2,241 crore order win

9:30 AM

MARKET UPDATE:: Indices witness mild recovery from early lows; Sensex still down 700 points

9:30 AM

Bank of Baroda shares drop 3%

The Board of Directors has approved raising of funds not exceeding Rs 4,500 crore through issue of equity shares through qualified institutional placement subject to the approval of the regulatory and statutory authorities.

9:28 AM

Jet Airways shares drop 5% as NCLT grants more time to DGCA for responding on firm's slots

The National Company Law Tribunal (NCLT), which is hearing the resolution plan of the grounded carrier Jet Airways, on Thursday granted time till March 2 to aviation regulator DGCA to respond on the airline's slots issue. 

 

9:23 AM

Financials, RIL among top Sensex drags in opening trade

9:21 AM

Sensex Heatmap | Only 2 stocks trade in the green