Sensex sinks 769 pts, Nifty below 16,250; Titan, Maruti fall 5%, IT stks up

CLOSING BELL: Sectorally, only the Nifty IT index eked out gain on the NSE, rising 0.14 per cent

1:06 PM

LIC IPO set to be delayed to next fiscal year amid market swings: Report

Bankers and officials are preparing to shift the listing of the state-run insurer to after the current fiscal year, which ends in March, the people said, asking not to be identified because the matter isn’t public. A formal announcement could be expected this week or next, they added, with one person saying the sale may happen as soon as April if market volatility eases. READ MORE

12:56 PM

Sensex 30 Heatmap: Dr.Reddy's, Tech Mahindra, ITC shine

 

12:46 PM

Market check : Sensex recovers from day's low

 

 

12:45 PM

War fallout! M&M, TaMo, Ashok Leyland can fall up to 12% on chip shortage

In the backdrop of the on-going Russia-Ukraine war, global markets are worried about nuclear fallout, disruptions in several economic functions and rising commodity prices, which in turn call for immediate increase in interest rates. Though, markets are well aware of the Fed’s intention to do so, a quarter-point seems on card, whereas a half-point hike could surprise the market. READ MORE

12:35 PM

NEWS ALERT | Russian forces seize Zaporizhzhya nuclear power plant : Report

12:27 PM

Voda Idea: Fund infusion not enough; stock can dip up to 28%, say analysts

The Rs 14,500-crore fund raise by Vodafone Idea may not be enough to bring the debt-strapped telecom major out of the woods, say analysts. The announced fund-raise, they say, remains miniscule in comparison to VIL’s debt and it needs to further raise significant capital to repay existing dues. READ MORE

12:15 PM

ITC outperforms in weak market; stock gains 7% in last five days

In the past one month, the stock of ITC has gained 4 per cent, as compared to a 3 per cent fall in the Sensex. Moreover, in the past three months, it has risen marginally by 0.09 per cent as against a 6 per cent downfall in the benchmark index. READ MORE

12:04 PM

IT shares lead market recovery; Infosys, Wipro rebound

Infosys, Wipro, HCL Technologies and Tech Mahindra have rebounded into the positive zone among the IT shares.

11:49 AM

Japan's Nikkei slips to 15-month low as Russia Ukraine crisis intensifies

Japan's Nikkei index hit a 15-month low on Friday as global markets remain on edge following reports of Europe's largest nuclear power plant set on fire amid an intensifying war between Ukraine-Russia. READ MORE

 

11:35 AM

Sell-off toll! HDFC twins, HUL, Dr.Reddy's among Nifty50 stks at 52-wk lows

Shares of mortgage lender Housing Development Finance Corporation (HDFC), banking giant HDFC Bank, fast moving consumer goods (FMCG) companies – Hindustan Unilever (HUL) and Britannia Industries, cement manufacturers – UltraTech Cement and Shree Cement, pharma stock Dr Reddy’s Laboratories and two-wheeler major Hero MotoCorp were among eight stocks from Nifty50 index to hit their respective 52-week low on the back of a sharp sell-off in equities in the past couple of weeks. Apart from these 26 other stocks from Nifty 500 were also down at 52-week lows. READ MORE

11:24 AM

ALERT: Moscow stock exchange to remain shut for fifth straight day

11:13 AM

Growth in services activity picked up in Feb, inflation pressure predicted

The Services Purchasing Managers' Index, compiled by IHS Markit, increased to 51.8 in February from January's six-month low of 51.5. Read more

 

11:00 AM

Realty shares under selling pressure; Godrej Prop slides 6%

 

10:50 AM

GNFC bucks trend, hits life-time high on gaining 3%; up 33% in one month

Shares of Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) hit a new high of Rs 604.40, up 3 per cent on the BSE in Friday’s intra-day trade bucking the trend in an otherwise weak market. The S&P BSE Sensex was down 1.4 per cent at 54,320 at 09:58 am. Read here

Illustration: Ajay Mohanty

10:40 AM

Auto stocks, Asian Paints, HUL weigh on indices