Sensex snaps 5-day winning run, shed 709 pts; metal, energy stks worst hit

CLOSING BELL: Metal stocks including Hindalco, Tata Steel, and JSW Steel were among the worst hit stocks on the bourses as they shed between 3.7 per cent and 5.3 per cent

SI Reporter New Delhi

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9:18 AM

Opening Bell: Positive start to trade; Nifty 50 opens above 16,900 levels

9:17 AM

Opening bell: Sensex opens higher by over 200 points

9:09 AM

Pre-open Session: 26 out of 30 Sensex counters sit in green

9:06 AM

Pre-open Session: Over 250 points upmove for Sensex

9:05 AM

Pre-open Session: Nifty 50 starts positive above 16,900 levels

9:02 AM

Stocks to Watch: Wipro, Paytm, Indian Oil, Rites, RIL, Persistent Systems

RIL will be in focus as the company's arm Reliance New Energy Solar Limited (RNESL) signed an agreement to acquire assets of US-based Lithium Werks BV at a total transaction value of $61 million. Read more

8:59 AM

DIIs firmly buying: Domestic investors buy equities worth Rs 1099cr on Monday

8:58 AM

FII selling eases: FIIs sold Rs 176 crore of shares on Monday, lowest in a month

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illustration: Binay Sinha

8:52 AM

Rupee ends nearly flat against USD on Monday

8:49 AM

Pre-market commentary: Investor sentiment boosted by fall in crude oil

<< Benchmark indices are expected to open on a negative note as suggested by early trends on SGX nifty. On Monday benchmark indices closed in positive terrain for the fifth consecutive session.

<< Investor sentiments were boosted on the back of falling crude oil prices and easing of tension between Russia and Ukraine as both countries look for diplomatic route to end the incessant tussle.

<< The euphoria was magnified after the statements of Chief economic advisor Mr V Anantha Nageswaran stating that India is well placed to counter the effects of war due to strong assumption in the budget for FY23. The reduced selling pressure from FII selling also sent positive signals to the market.

<< On the Technical front, the key resistance level for Nifty50 is 16,950 followed by 17,100 and on the downside 16,650 and 16,500 will act as strong support.

Views by Mohit Nigam, Head - PMS, Hem Securities

8:45 AM