Benchmarks fall 15% from record peak, end at 8-mth low; Sensex dips 1491pts

On the NSE, the Nifty50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent

11:49 AM

JK Cement slips 9% on board nod for Rs 600 cr investments in paint venture

Shares of JK Cement slipped 9 per cent to Rs 2,395, also its fresh 52-week low, on the BSE in Monday’s intra-day trade after the company said its board approved an investment of Rs 600 crore into the paint venture, which will be infused over a five-year period. READ MORE

11:38 AM

INTERVIEW | Markets to consolidate over the next three-six months: Sampath Reddy

Multiple headwinds in the form of an aggressive US Fed rate hike and geopolitical developments have brought the near secular stock market rally since March 2020 to a halt. Sampath Reddy, chief investment officer, Bajaj Allianz Life Insurance, tells Business Standard in an interview that the markets will give positive returns incrementally by end of the year, provided there’s no further deterioration in the geo-political environment. Read the interview here

11:26 AM

Market Check : Sensex slightly off day's low of 52,543

 

11:25 AM

NEWS ALERT :: Oil shock sends India's rupee to a record low

Source: Bloomberg

11:14 AM

ALERT : Russia declares ceasefires for civilian evacuations in Kyiv, Kharkov

11:01 AM

NEWS ALERT :: NIFTY and BANKNIFTY indices are intermittently not getting broadcasted, says NSE

10:53 AM

Rising oil dents paint stocks; Indigo Paints plunges 8%

 

10:43 AM

ONGC surges 5%, stock nears 52-week high as crude oil soars to 14-yr high

Shares of Oil and Natural Gas Corporation (ONGC) rallied 5 per cent to Rs 172.65 on the BSE in Monday’s intra-day trade in an otherwise weak market on the back of rising crude oil prices. At 10:04 am; the stock was up 3.5 per cent, as compared to 2.6 per cent decline on the S&P BSE Sensex. Read more.

10:31 AM

BSE MidCaps 3% down; M&M Finance, TVS Motor slip up to 6%

 

10:22 AM

Inflation woes! Rate sensitive indices slump 5%; 18 stocks hit 52-week lows

Ashok Leyland, Maruti Suzuki India, Eicher Motors and Mahindra & Mahindra (M&M) from automobiles; Prestige Estates, Sobha and Macrotech Developers from real estate; Bajaj Finance, ICICI Bank, Mahindra & Mahindra Financial Services and Shriram Transport Finance from the financials were down between 5 per cent and 6 per cent. READ MORE

10:11 AM

Nifty top gainers : Commodity, IT majors outshine market

 

10:04 AM

Currency at open : Rupee near $77 against USD, opens 1 rupee down

Rupee opens at $76.96 against the dollar

source: bloomberg

9:58 AM

Rising commodity prices lend support; Metals outpace weak market

 

9:53 AM

EXPERT VIEW :: Market is slipping into bearish territory

The extraordinary uncertainty triggered by the war has pushed commodity markets into turmoil. Crude at $128 is a big shock. This can impact global growth and aggravate inflationary pressures. In India, growth will be lower and inflation higher than projected for FY 23.

 

Market is slipping into bearish territory. Investors have to be cautious. There is relative safety in energy due to high energy prices, metals due to high global prices and export segments due to resilient demand and rupee depreciation.

Calibrated buying in very small quantities may be considered in the above mentioned segments

Views by: V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

9:48 AM

MCX CRUDE JUMPS 12%