Business Standard

Monday, December 23, 2024 | 02:16 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Sensex falls 642pts from day's high, ends 38pts down; Tata Steel bleeds 12%

CLOSING BELL: The sharp knock in metal stocks came after he government levied export duty on 11 iron and steel intermediates and key steel products.

Image SI Reporter New Delhi
stock market, women, woman, female, gender, workplace, markets, trading, nse, bse, sensex, nifty, rally

10:30 AM

Realty stocks gather steam; IB Realty surge over 7%

10:23 AM

Auto stocks in fast lane; Ashok Leyland gains over 5%

10:17 AM

Infosys gains as Salil Parekh gets reappointed as MD & CEO

10:08 AM

Nifty Metal bleeds 7% after govt hikes export duty on steel products

The government levied export duty on 11 iron and steel intermediates and key steel products. Read more

Steel
9:55 AM

EXPERT VIEW: Markets unlikely to turn long-term bearish

The 'risk-off, risk-on roller coaster market' is set to continue in the near-term.

The rebound in S&P 500 from the bear market territory last Friday may be an indication that the market is unlikely to turn long-term bearish.

Macro numbers from the US in the coming days will be keenly watched by the market.
 
The government's aggressive move on inflation by cutting the excise duties on petrol and diesel and other initiatives to soften the prices of steel will slightly reduce RBI's burden on controlling inflation.

Even though this is a positive from the market perspective, the government's additional borrowing and fiscal deficit shooting beyond the budget estimates are areas of concern.

Views by V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
9:45 AM

MCX Gold, Silver: Upside seems capped; likely trading range for the week

The upside for MCX Gold June futures seem capped around Rs 51,500-odd level; while MCX Silver futures are likely to face strong resistance in the Rs 64,200 - 64,800 range. READ HERE

Photo: Bloomberg

9:39 AM

Jet Airways flies over 4% after DCGA's nod

9:35 AM

Amara Raja Batteries declines over 3% after weak Q4 results

9:30 AM

Nifty Metal sinks below 6% as export duty on iron ore hiked to 50%

9:26 AM

Opening bell: Tata Steel, JSW Steel, Hindalco top Nifty 50 losers

9:24 AM

Opening bell: Maruti, M&M, Hero Moto top Nifty 50 gainers

9:22 AM

Opening bell: Smallcaps underperform Midcaps; India Vix climbs above 2%

9:21 AM

Opening bell: Auto stocks in fast lane; Metal stocks bleed

9:18 AM

Opening Bell: 6 out of 30 Sensex constituents open in red

9:17 AM

Opening bell: Over 250 points gain for Sensex

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 23 2022 | 8:14 AM IST