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Sensex sinks 509 pts, Nifty holds 16,050 in across-the-board sell-off

CLOSING BELL: NTPC, Adani Ports, Bharti Airtel, Coal India, Hero Moto, and Bajaj Finance were the only gainers, up in the range of 0.08 per cent to 1.7 per cent

Image SI Reporter New Delhi
MARKET LIVE: Sensex at day's low, drops 500 pts in broad-based sell off

9:30 AM

Hindalco, Tata Steel, Titan top Nifty50 laggards

9:28 AM

Adani Ports, Apollo Hospitals, Axis Bank top Nifty50 leaders

9:24 AM

Broader markets tepid; India Vix spikes 1%

9:23 AM

All sectors off to a negative start; Metals worst hit

9:22 AM

Opening bell: Only 5 out of 30 Sensex stocks move in positive territory

9:21 AM

Opening bell: Nifty50 opens below 16,150 levels

9:19 AM

Opening bell: Sensex falls over 250 points

9:10 AM

Pre-open session: Only 6 out of 30 Sensex stocks move positively

9:09 AM

Pre-open session: Sensex sheds over 150 points

9:08 AM

Pre-open session: Nifty50 slips below 16,150 levels

9:01 AM

Global News :: UK's new PM to be announced on September 5

The new leader of the UK's governing Conservative Party who will succeed Boris Johnson as the British Prime Minister will be announced on September 5, the body responsible for the Tory leadership elections said on Monday. READ MORE

8:57 AM

Rupee outlook :: RBI's move on settlement system for international trade may reduce depreciation pressure

The Indian Rupee is expected to open weaker this Tuesday morning tracking the strength of the greenback. 
 
The Rupee could open around 79.48-79.50/dollar this Tuesday morning from 79.4375/dollar close in the previous session. Range for the Rupee this Monday’s session is 79.20-79.60. 
 
Looking ahead, domestic investors will look to cues from the domestic CPI and IIP number this evening. However, if the depreciation bias persists, RBI will step-in.  
 
India's central bank on Monday unveiled an Indian rupee settlement system for international trade. This could reduce India's demand for US dollars and thereby reduce depreciation pressure on our currency. 

Views by: Sriram Iyer, Senior Research Analyst at Reliance Securities
8:54 AM

At 1.79 million, demat accounts opened in June fewest since Feb 2021

New demat account openings have been moderating after hitting 3.5 million in October 2021, when the benchmark indices made their lifetime highs. The average daily turnover for the cash segment fell to its lowest levels since February 2020. READ MORE

8:51 AM

RBI allows settlement in rupee to settle trade with Russia, Sri Lanka

“In order to promote the growth of global trade with emphasis on exports from India and to support the increasing interest of the global trading community in INR, it has been decided to put in place an additional arrangement for invoicing, payment, and settlement of exports/imports in INR,” the RBI said in a notification on Monday. READ MORE

8:48 AM

CPI inflation pegged at 6.8-7.25% in June

The retail price inflation may have stood in the range of 6.8-7.25 per cent in June against 7.04 per cent in the previous month despite a slew of measures taken by the government to ease the price pressures, according to projections made by economists and experts. 
 
On the other hand, industrial production growth is likely to have zoomed up by at least an 11-month high of14.5-24 per cent in May against 7.1 per cent in the previous month but the climb would represent just a statistical illusion rather than a real growth. 
 

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First Published: Jul 12 2022 | 8:06 AM IST