Sensex sheds 338 pts, Nifty ends near 17,050; IT, Adani Group stocks tumble

CLOSING BELL: The BSE benchmark index ended lower for the fourth straight trading session, and has shed 2,448 points during this period.

1:13 PM

Can a Fed rate hike pause trigger a rally in global equity markets?

The US Federal Reserve (US Fed) is likely to go slow – if not pause – its rate hiking cycle over the next few months, especially after the collapse of Silicon Valley Bank (SVB) and Signature Bank, said analysts, who expect the move to trigger a relief rally in global equity markets. READ

1:03 PM

SVB mess: Moody's puts First Republic, 5 other US banks on downgrade watch

The credit rating company cited concerns over the lenders' reliance on uninsured deposit funding and unrealized losses in their asset portfolios. READ

12:52 PM

Domestic passenger traffic estimated to rise by 54% YoY in Feb: ICRA

Daily departures averaged 2,967, up from 2,044 in February 2022 and 2,900 in January 2023, but down from 3,137 in February 2020. READ

12:40 PM

ALERT :: Credit Suisse finds 'material weaknesses' in reporting procedures for FY22 and FY21

>> For the two years "the group's internal control over financial reporting was not effective," Credit Suisse said in its annual report released Tuesday. 

Source: Bloomberg

12:35 PM

At 3.85%, India's wholesale inflation falls to lowest since January 2021

Earlier on Monday, the government data showed that the Consumer Price Index (CPI)-based inflation was at 6.44% in February. READ

12:29 PM

ALERT :: February Wholesale Inflation falls to 25-month low of 3.85%

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12:23 PM

Investors give a thumbs-up to Tech Mahindra's choice of Gurnani's successor

The market appears to be comfortable with the appointment of Mohit Joshi as CEO cum MD as successor to C P Gurnani In Tech Mahindra. Investors were waiting on this announcement which addresses the looming succession issue. READ

12:13 PM

Airtel wraps up hike in entry-level plans in all 22 circles: Morgan Stanley

Bharti Airtel has scrapped the minimum recharge plan of Rs 99 in all 22 circles, and replaced it with an entry-level plan of Rs 155, a report by Morgan Stanley said on Monday. The company has been the first mover in taking entry-level tariffs higher, while competition has not yet reacted, it noted. READ

12:02 PM

Stock Watch :: Infosys hits five-month low

Analysts at Nirmal Bang Securities believe there is a lot of divergence in views on FY24. “We are assuming a low-mid single-digit growth from both lower volume as well as some price compression whereas consensus is building in a high single digit growth implying a soft landing in the US,” the brokerage firm said in December quarter result update. READ MORE

11:57 AM

ALERT :: Markets at day's low

>> S&P BSE SENSEX: 57,894.81 level, down 343.04 points 0.59%

>> NIFTY50: 17,050.90 level, down 103.40 points or 0.6%

>> S&P BSE MidCap: 24,034.78 level, down 134.96 points or 0.56%

>> S&P BSE SmallCap: 27,136.67 level, down 235.28 points or 0.86%

11:54 AM

After SVB, Signature Bank latest casualty of turmoil in banking sector

Signature Bank, a New York state-chartered commercial bank that’s FDIC-insured, had total assets of about $110.36 billion and total deposits of roughly $88.59 billion as of Dec. 31, the New York Department of Financial Services said in a separate statement. READ MORE

11:44 AM

Stock Alert :: Info Edge off lows after 0.3% equity changes hands

11:35 AM

'Debt returns are offering competition to equities'

On the earnings side, the macro drivers are positive. We expect the earnings growth to continue, says SBI Mutual Fund CIO R Srinivasan READ MORE

11:22 AM

Real estate market's hall of mirrors no fun house

Most brokerages, however, expect listed realty majors to get support, given their comfortable leverage, steady rise in location-agnostic demand, and falling inventory levels. READ MORE

11:10 AM

BS Fund Manager: CEOs of top MFs quite confident about conquering Bharat

Chief executive officers (CEOs) of India’s top mutual funds (MFs) are betting on their enhanced digital reach and the success of the ‘Mutual fund sahi hai’ campaign to reach new corners of India. They see the industry reaching Rs 100 trillion in assets under management (AUM) in the next 10 years, with systematic investment plans (SIPs) reaching every household in the country.  READ MORE