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.

9:16 AM

Opening bell: Nifty 50 opens above 16,300 levels

9:10 AM

Pre-open session: Only 5 Sensex stocks sulk in red

9:07 AM

Pre-open session: Sensex gains over 100 points

9:06 AM

Pre-open session: Nifty 50 advances above 16,250 levels

8:58 AM

IndusInd Bank raises MCLR rate by 15-20 bps across tenors

 Source: ET now

8:55 AM

Fuel excise duty cut: Positive for cement, logistics, construction, auto sectors

8:50 AM

HNI interest sees Ethos IPO scrape through with just 1.03x subscription

Retail investor portion subscribed 82%, HNI was covered 1.48x and institutional investor category received 1.06x subscription. Read more

8:47 AM

From food to fuel, here's how rising prices are affecting us

In April, the wholesale food price index rose 8.9 per cent, while the consumer food price index rose 8.4 per cent. Read more

8:44 AM

FMCG, paint companies feel the pain as rupee slides to an all-time low

The rupee's free fall comes at a time when FMCG and paint companies have been battling higher raw material costs for over a year, and have been forced to go for multiple rounds of price hikes. Read here

8:42 AM

Opposition states follow Centre, reduce VAT on petrol and diesel

However, among BJP-ruled states, Gujarat was unlikely to follow suit and reduce VAT on petrol and diesel, said senior officials. Read more

8:40 AM

Stocks in focus today: Infy, L&T, PowerGrid, BHEL, NTPC, IDBI Bank, Steel makers

Infosys: The IT services major on Sunday announced the reappointment of Salil Parekh as the CEO and MD of the company for the period of five years. Parekh will be the only non-founder CEO to have managed to be at the helm of the company for a second term. 

 

Steel Stocks: The export levy imposed on steel by the government on Saturday may prompt steel companies to review massive capacity expansion plans. Major private sector steel producers said that the capacity expansion plans were based on assumptions in the sales mix – between domestic and export markets – which has now gone haywire. Read more

8:36 AM

WATCH BS SPECIAL: What’s ahead for the defeated IT, banks, realty and metals?

Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors. WATCH

8:32 AM

DIIs hold ground: Buy Rs 2,149 crores worth of equities Friday

8:31 AM

FIIs continue outflows: Sell Rs 1,265 crores of shares Friday

8:29 AM

SGX Nifty futures erase early gains; tepid start likely for Nifty

source: investing.com