Sensex snaps 2-day gaining streak, slips 110 pts; Ruchi Soya leaps 10%

CLOSING BELL: Sectorally, the Nifty Realty and PSU Bank indices were the worst hit as they slipped 1.75 per cent and 1.6 per cent on the NSE

11:26 AM

Japan's economy contracts in first quarter as energy prices soar

Japan's economy shrank at a worse than expected annual rate of 1 per cent in the first quarter, as rising prices and Covid restrictions sapped spending and investment, according to data released. READ HERE

11:18 AM

Rupee slips 6 paise to 77.50 against US dollar in opening trade

The rupee depreciated 6 paise to 77.50 against the US dollar in the opening trade on Wednesday as persistent foreign fund outflows weighed on investor sentiment. READ HERE

11:10 AM

OMCs in focus; HPCL hits 52-week low, IOC slips 4% on disappointing Q4

Shares of oil marketing companies (OMCs) were reeling under selling pressure on the BSE in Wednesday’s intra-day trade after Indian Oil Corporation (IOC) reported a disappointing set of numbers for the March quarter (Q4FY22). READ HERE

11:03 AM

Paper stocks rise in an upbeat market; Emami Paper spikes over 6%

10:56 AM

Uttam Sugar soars over 14% after board declares Rs 2 dividend

10:47 AM

Orient Bell soars 20% after net profit jumps 100.12% in Q4

10:40 AM

Adani Group stocks firm in trade; Adani Wilmar surges 5%

10:31 AM

Insurance stocks edge higher a day after LIC debuted bourses

10:21 AM

Gokaldas Exports surges 9%; hits all-time high on healthy business outlook

A shift in consumer preferences post pandemic towards wovens, as people seek more formal clothes, may improve demand. READ HERE

10:15 AM

Paint stocks trade mixed as Brent crude inches above $112 a barrel

10:10 AM

Russia forecasts 7.8% GDP contraction in 2022; unemployment rate at 6.7%

The Russian Ministry of Economic Development said that it expected the country's gross domestic product (GDP) to decease by 7.8 per cent year on year in 2022. READ HERE

10:06 AM

Market view: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

>> Stock market has an uncanny ability to surprise, and this was evident in the sharp 417 point pullback in Nifty yesterday.

>> Sharp relief rallies triggered by short covering happen even in bear markets. It remains to be seen whether the rally has enough steam to sustain, particularly when the latest WPI inflation print has come at a disturbing 15.08 per cent. RBI can be expected to turn more hawkish in the coming policy meets.
 

>> The Fed chief Powel's recent  statement that "Fed will not hesitate to raise rates till inflation is tamed" indicates that, globally, economies and markets will have to gear for a higher interest rate regime, going forward.

>> Investors can give priority to segments which will not be impacted much by rising inflation and stocks of companies with pricing power to pass on increased costs to consumers. High quality IT and telecom stocks are better placed to weather the storm.

10:00 AM

JK Tyre gains nearly 3% after it expands their OTR segment

9:54 AM

Dr Lal Pathlabs slips 6%, hits 52-week low post muted Q4 results

In Q4FY22, normalised earnings before interest, taxes, depreciation, and amortization (EBITDA) margins contracted 630 bps to 19.4 per cent from 25.7 per cent in Q4FY21. READ MORE HERE

9:42 AM

Dr Lal Path Labs hit 52-week low after weak Q4 results