Sensex tanks 1,307pts on RBI's sudden 40bps rate hike; Nifty breaks 16,700

Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.

10:12 AM

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

>> The Fed decision expected late tonight will be crucial in determining the trend of the markets globally. Markets already know and has discounted 50 bp rate hike and $ 95 billion worth balance sheet reduction. Therefore, market trend after the Fed announcement will be influenced by the Fed's guidance on inflation, future rate hikes and further balance sheet reduction.
 

>> There is a clear trend of growth momentum in the Indian economy and surging exports (up 24% in April) is aiding this momentum. Q4 results of banks indicate impressive credit growth and improving asset quality. So, if the market trend turns positive after the Fed decision, banks are likely to lead the uptrend.

10:07 AM

Godrej Properties gains after net profit zooms over 260% in Q4

10:03 AM

Gold prices fall as yields gain in run up to Fed rate hike decision

Benchmark US 10-year Treasury yields firmed after backing off the key 3% mark in the previous session. READ MORE HERE

9:56 AM

Britannia Industries surges 10% on upbeat volume in March quarter

The company delivered robust top-line growth of 15 per cent and a mid-single digit volume growth in March quarter (Q4FY22). READ MORE HERE

9:51 AM

MCX Crude Oil futures seem range-bound; Bais positive for Natural Gas

The MCX Natural Gas May futures are likely to trade with a bullish bias in May as long as the commodity holds above Rs 576-level. READ MORE HERE

9:38 AM

Tata Steel gains on stellar Q4 results

9:27 AM

Opening bell: Apollo Hospitals, Bharti Airtel, Hindalco top Nifty 50 losers

9:25 AM

Opening bell: Britannia, ONGC, Power Grid top Nifty 50 gainers

9:23 AM

Opening bell: Broader markets outshine benchmark; India Vix in green

9:21 AM

Opening bell: Mild moves seen across all sectors

9:20 AM

Opening bell: 16 out of 30 Sensex stocks open in green

9:18 AM

Opening bell: Flat start for Sensex above 56,991

9:17 AM

Opening bell: Nifty 50 opens above 17,050 levels

9:10 AM

Pre-open session: Sensex surges over 100 points

9:07 AM

Pre-open session: Nifty 50 edges up above 17,050 levels