Indices end at 9-wk lows ahead of CPI inflation data; Sensex drops 1,158pts

CLOSING BELL :: The S&P BSE Sensex opened gap-down and sunk 1,386 points intra-day to hit a low of 52,702 levels

9:19 AM

Opening Bell :: Sensex crashes over 700 pts in early deals

9:09 AM

Sensex heatmap at pre-open session

9:06 AM

Pre-open session: Over 600 points downfall for Sensex

9:05 AM

Pre-open session: Nifty 50 sinks below 15,950 levels

9:02 AM

Currency at open: Rupee weakens by 26 paise, opens at 77.50/$

8:59 AM

Nifty may breach 16K mark, open around 15,950 as per SGX Nifty

SGX Nifty futures trading around 15,980 levels.

8:56 AM

Bond yields drop as RBI seen reversing Covid period rate cut

Bond yields dropped by 9 bps on Wednesday after the market sensed that the Reserve Bank of India (RBI) may not be very aggressive with rate hikes and the terminal repo rate for this rate hike cycle could be around 5.15-5.25 per cent as compared to over 7 per cent seen earlier. Read more\

8:54 AM

WATCH BS SPECIAL: Will the market volatility see companies trim IPO size?

Volatility in the secondary market against the backdrop of US Fed rate hike and global crisis made IPOs of LIC and Delhivery trim their sizes. Will more companies follow suit in the choppy markets? Watch

8:50 AM

RBI likely to up inflation projection in June, mull more rate hikes: Report

India's central bank is likely to raise its inflation projection for the current fiscal year at its June monetary policy meeting and will consider more interest rate hikes. Read here

8:46 AM

Oil rallies after 10% slide over 2 days as Russia gas flow to Europe falls

Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use of a major transit route blaming interference by occupying Russian forces. Read here

8:44 AM

DIIs counter foreign outflows: Buy Rs 4,181 crores of shares Wednesday

8:43 AM

FII outflows: Sell Rs 3,609 crores of shares Wednesday

8:41 AM

Stocks on investor radar today: CoForge, MRPL, Petronet, JSW Ispat, PNB, Birla Corp, PSBs

CoForge: The company, erstwhile NIIT Technologies, reported a solid 63.6 per cent growth in Q4 net at Rs 224.80 crore for the quarter ended March 2022 (Q4FY22) as against Rs 137.40 crore in the same period last year. Total income grew by 38.2 per cent YoY to Rs 1,766.10 crore from Rs 1,278 crore.

 

Asian Paints: Despite price hikes, volume hit due to Omicron disruption in the early part of the quarter and a higher base, India’s largest paint company reported steady results in the March quarter. However, while analysts expect demand to stay strong, raw material movement/ further price hikes could hit sales/ margins. Read more

8:38 AM

SGX Nifty slips 200 pts; trades below 16,000-mark

source: investing.com

8:36 AM

Rupee gains 9 paise against USD on Wednesday, closes at 77.23

source: bloomberg