Sensex falls 571 pts, Nifty ends below 17,150; metals shine, FMCG bleed

About 26 counters ended in the red on the Sensex led by PowerGrid, Ultratech Cement, Asian Paints, HUL, HCL Tech, SBI, IndusInd Bank, Nestle, Bharti Airtel, and Axis Bank

11:53 AM

Q&A with Satish Ramanathan, JM Financial Asset Management

Satish Ramanathan, chief investment officer for equity at JM Financial Asset Management in an exclusive interview says the investment firm has increased cash levels marginally across portfolios to ride out the volatility. READ MORE

11:47 AM

BSE 500:: Top Gainers so far

Wockhardt has zoomed 13.4 per cent and is the top gainer among the BSE 500 stocks. Jubilant Pharmova, Ulfex, Balrampur Chini, Greaves Cotton and Aurobindo Pharma are the other top gainers.

11:35 AM

Trading 'queen' and mystery guru: Strange tale engulfs NSE in scandal

Around the National Stock Exchange of India, Chitra Ramkrishna was practically her own institution. A founding member of the bourse, she helped shape it into the world’s largest derivatives exchange, opening trading to a growing middle class and serving as its first female chief. In 2016, she stepped down to high praise for her “sterling contribution.” Read the story here

Photo: Bloomberg

11:27 AM

Oil on rise again: Brent Crude up 3% over $111 a barrel

 

11:18 AM

Sensex 30: Heatmap

11:13 AM

Street signs: FPI buying lifts sentiment, HNI shift focus, and more

The market has rebounded 9 per cent from March lows and there is likely more steam left in the rally. Experts say foreign portfolio investors (FPIs) turning net-buyers and cooling of the volatility index can provide further impetus for stocks to rally. Read more

Illustration: Binay Sinha

11:00 AM

BS Special: Q&A with Andrew Holland

Market divided over interest rate outlook, tightening, says Andrew Holland chief executive officer at Avendus Capital Alternate Strategies. READ FULL INTERVIEW

10:53 AM

Greaves Cotton rises 6%; rallies 15% in two days on heavy volumes

Shares of Greaves Cotton moved 6 per cent higher to Rs 187.50 on the BSE in Monday’s intra-day trade, having rallied 15 per cent in the past two trading days on the back of heavy volumes after the company entered into a pact with Bounce Infinity to provide battery swapping stations for Greaves Electric Vehicles. Read more

10:48 AM

ALERT: Japan urges UAE to increase oil exports

10:30 AM

Rupee weak against USD, opens 28 paise higher at 76 level

 

10:29 AM

IT shares gain on Accenture's strong Q2 and higher revenue guidance

Shares of information technology (IT) companies are in focus with frontline stocks trading higher by up to 2 per cent on Monday’s intra-day trade in an otherwise subdued market. IT stocks gain after Accenture reported a robust set of earnings for the quarter ended February 2022 (Q2FY22) with revenue growing 28 per cent year-on-year in constant currency terms. READ MORE HERE

10:23 AM

Metal stocks firmly up as commodity prices remain elevated

 

10:18 AM

Strides Pharma up 4% as demerged entity's arm inks pact to develop Covid-19 vaccine

Akston Biosciences Corporation, a developer of new classes of biologic therapeutics, and Biolexis, a division of Stelis Biopharma Ltd (demerged entity of Strides Pharma) have entered into a licensing, manufacturing and commercialization agreement for Akston’s AKS-452, a protein subunit COVID-19 vaccine.

 

10:06 AM

Spandana Sphoorty abuzz ahead of new management rejig

10:02 AM

Wockhardt soars over 9% post tie-up with SII to manufacture vaccines in UK