Indices fall for 5th day; Sensex cracks 703 pts, Nifty gives up 17,000

CLOSING BELL: Reliance Industries (RIL; up 3.5 per cent) was the top gainer on the 30-pack index. he draggers on the index were HDFC (down 6 per cent), HDFC Bank (down 4.2 per cent)

2:49 PM

Refinery margins, inventory gains to offset losses on petrol, diesel: Fitch

The three fuel retailers kept petrol and diesel prices unchanged for a record 137-days between November 2021 and March 2022 despite a nearly USD 27 per barrel rise in crude oil prices. READ MORE HERE

2:37 PM

Dabur India to induct 100 EVs for last-mile product distribution

Homegrown FMCG major Dabur India Ltd on Tuesday said it plans to induct a fleet of 100 electric vehicles (EVs) in its supply chain for last-mile product distribution in the next 12 months. READ MORE HERE

2:29 PM

Nifty Energy gains over 2% led by RIL, GAIL, IOC

2:19 PM

BSE Energy index surges 3%, hits record high; MRPL zooms 20%, RIL up 4.5%

Shares of Reliance Industries (RIL) was close to its record high level of Rs 2,750 touched on October 19, 2021. READ MORE HERE

2:07 PM

Market check: Nifty 50 off day's low, moves above 17,250 levels

2:02 PM

European markets edge lower as World Bank lowers growth outlook for 2022

1:56 PM

Valuations, sharp rise in oil made FPIs nervous since October: Jefferies

In the last six months, the S&P BSE Sensex and the Nifty have slumped around 7 per cent each as foreign investors dumped Indian stocks across the board. READ MORE HERE

 

1:43 PM

Sensex 30 Movers: RIL single-handedly saving the day

1:35 PM

Currency check :: Dollar index passes 101

>> The Dollar index, in the last few sessions, has been inching higher on back of prospects that the Federal Reserve could adopt to a more aggressive rate hike process than estimated earlier.

>> The Fed has already begun raising rates this year and rising inflation is one if the factors that is supporting the view for more rate hikes.

>> Going ahead, hawkish stance by the Federal Reserve is likely to extend gains for the greenback.

>> We expect the dollar index to test levels of 103.20 in the near future and downside could be restricted to levels of 97.20.

Views by: Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services

1:30 PM

BSE 500:: Stocks losing ground from the highs of the day

Minda Corp has tumbled over 11 per cent from its high of the day. Similarly, Capri Global, Mindtree, L&T Infotech and Chambal Fertlisers were down more than 6 per cent each from their respective peaks.

1:22 PM

BSE 500:: Volume shockers

AIA Engineering, MRPL, Jubilant Foodworks, AU Small Finance and HDFC Bank among stocks to record unusually high volume in trades on the BSE so far.

1:11 PM

Mining related shares in demand, Coal India zooms 6.5%

GMDC, Coal India, KIOCL and Bhagyanagar Industries were the lead gainers, up 5-10 per cent each.

1:01 PM

Asian Markets Update:: A mixed day; Hang Seng tanks 2.3%

1:00 PM

Soaring battery costs fail to cool electric vehicle sales: Report

This year, EV demand has stayed strong even as the average cost of lithium-ion battery cells soared to an estimated $160 per kilowatt-hour in the first quarter from $105 last year. Costs rose due to supply chain disruptions, sanctions on Russian metals and investor speculation. READ MORE

12:53 PM

STOCK UPDATE :: HDFC falls out of m-cap list of top 10 companies

>> HDFC Ltd has been knocked out of the country’s 10 most-valued companies in terms of market capitalisation after its shares slumped nearly 19% in the last two weeks.

 

>> HDFC now ranks at the eleventh spot.

>> Shares of HDFC have fallen 12.24% over the past one year as against 20% rise in the Nifty 50 index. HDFC Bank was down 3% in this period.