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

10:31 AM

Markets at day's low : Nifty50 slips below 16,200

 

10:19 AM

MARKET CHECK :: Selling intensifies on the bourses

10:08 AM

Asian Paints tanks 15% in 3 days, nears 52-week low on margin worries

Shares of Asian Paints witnessed heavy selling pressure and were down 6 per cent at Rs 2,692.75 on the BSE in Friday’s intra-day trade, falling as much as 15 per cent in past three trading sessions on margin concerns amid rising crude oil prices. The stock of the India’s largest paint company quoted at its lowest level since March 2021. The stock had hit a 52-week low of Rs 2,343.85 on March 15, 2021. READ MORE HERE

10:07 AM

Rupee Opening :: INR tops 76/$-mark

Source: Bloomberg

10:01 AM

Paint stocks continue to reel under pressure; Asian paints down nearly 5%

9:57 AM

Canara Bank abuzz after raising Rs 1,000 cr via AT1 bonds

9:51 AM

KEC International bags multiple orders worth Rs 1131 cr; stock in tandem with market mood

9:48 AM

Indian Bank tumbles as it braces to take Rs 800 cr Future-Retail-NPA hit in Q4

9:41 AM

Vodafone Idea tanks over 3% after board approves Rs 14,500 cr fundraise

9:38 AM

Bajaj Hindusthan Sugar gives in-principal nod for capital rejig; stock zooms over 2%

9:35 AM

Pharma stocks sulk as NNPA likely to allow 10% price hike from April

9:31 AM

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

The war and surge in crude has completely transformed the economic scenario and market expectations. If the war prolongs global economic growth may be impacted. In India, both the government and RBI had assumed crude price of around $75 and, therefore, projections in the budget and monetary policy have to be revised materially. Even if crude price declines and stays around $100, inflation for FY23 will be much higher than RBI's forecast. MPC will be forced to raise rates and this will impact the economic recovery underway. Even in a declining market there will be safe spots like IT, metals and high quality stocks which will not be impacted by rising inflation and higher interest rates. 

9:26 AM

Auto stocks battered in trade; Ashok Leyland, Maruti Suzuki lose over 3%

9:24 AM

Opening Bell: Majority sectors nosedive in red; Metal stocks hold gains

9:23 AM

Opening Bell: Broader markets dampened in trade; India Vix spikes to over 5%