Sensex gyrates 690 pts, ends 89 pts down; metal, pharma rally, banks slide

CLOSING BELL: Dr Reddy's Labs (up nearly 5 per cent) was the top Nifty gainer today, followed by Coal India, Hindalco, Cipla, NTPC, JSW Steel, Tech M, and RIL

1:16 PM

Global markets :: Russian indices resume trading for the first time since February 25

>> MOEX index jumps 13.5% in early trade

1:07 PM

Pharma shares outperform in trades so far

Dr.Reddy's, Aurobindo Pharma and Lupin were the top gainers, up 3-4 per cent each.

12:56 PM

Private banks on slippery ground

Private banks like Kotak Bank, HDFC Bank and ICICI Bank were the major losers in trade so far.

12:55 PM

ACC, Grasim, India Cements can gain up to 12% post breakout, hint charts

Shares of cement companies were trading in the positive zone in early trades on Thursday, even as the benchmark indices (Sensex and the Nifty) opened with cuts of over half a per cent each. During the recent rebound, cement shares were seen as laggards compared to other sectors. READ MORE

12:44 PM

Off highs! Stocks losing significant ground from day's high so far

L&T Finance Holdings has plunged more than 9 per cent from the day's high. Responsive Industries, Inox Leisure and Rajesh Exports were the other major losers.

12:38 PM

Two years after nationwide lockdown, markets sit pretty with big gains

Stocks nosedived over 40 per cent from their 2020 highs as investors grappled with the impact of the pandemic. On March 23, 2020 few would have predicted that the markets would more than double in just a few mo­nths. The aggressive stimulus measures and post-pandemic resp­onse from governments and global central banks, mainly the US Federal Reserve, saw stocks rise like a phoenix. READ MORE

12:26 PM

Oil prices see-saw amid hopes of new Iran deal, supply woes linger

Crude prices declined in volatile trading on Thursday as investors assessed the potential for new supply in the tight markets amid prospects of a new Iran deal. READ MORE

12:17 PM

STOCK UPDATE :: Paytm zooms 12% on heavy volume

>> 12.84 million shares have changed hands on the counter on the NSE and BSE so far\

12:12 PM

WATCH :: Will India Inc pass on the rising input cost to consumers?

12:05 PM

Sharp Recovery: Stocks that staged a smart recovery from day's low so far

TV18 Broadcast has gained nearly 9 per cent from the day's low. Similarly, Minda Corp, KRBL, IDFC are some of the prominent stocks to have recovered over 5 per cent from the lows.

12:03 PM

Rajesh Jain, pioneer of India's dotcom era, preps IPO for second startup

“We’ve had initial conversations with half-a-dozen bankers and the formal process will start in the next couple of months,” Jain said over a Zoom call discussing the acquisition and the IPO. “We are targeting an IPO within the next nine to 12 months.” READ MORE

11:55 AM

China's yuan touches nine-day low as more pressure seen on yield gap

China's yuan touched its lowest level in more than a week against the US dollar as a narrowing yield gap and traders' concerns over the impact of the Ukraine crisis weighed. READ MORE

11:48 AM

US Treasury market pain amplifies worry about liquidity, spooks investors

U.S. government bond yields have spiked this year as the Federal Reserve has sounded more hawkish about how aggressively it will hike interest rates to cool the economy, hitting bond returns. The ICE BofA Treasury Index has recorded its worst start to the year in history, down 6%. READ MORE

11:40 AM

Suven Pharma gains 5% to hit record high; stock rallies 18% in three days

Shares of Suven Pharmaceuticals hit a record high of Rs 617 on rallying 5 per cent on the BSE in Thursday’s intra-day trade in otherwise subdued market. In comparison, at 10:41 am, the S&P BSE Sensex was down 0.13 per cent at 57,608 points. The shares of the company have surged 18 per cent in the last three days on expectations of strong earnings. READ MORE

11:30 AM

Asian Markets Update: Nikkei, Hang Seng recoup intraday losses

Source: Yahoo Finance