Sensex drops 483 pts as yields hit 3-yr high; IT stks drag, Paytm leaps 12%

CLOSING BELL: More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, Asian Paints, HDFC, and HDFC Bank

3:34 PM

Closing bell: Sensex slips below 450 points

3:32 PM

Closing bell: Nifty 50 closes below 17,700 levels

3:20 PM

Axis Bank, HDFC Bank weigh Nifty Bank down

3:15 PM

Energy basket upbeat; Adani Green extends rally over 14%

3:07 PM

Gold dips as firmer Treasury yields, dollar counter Ukraine risks

Gold prices dipped in range-bound trading on Monday, as elevated Treasury yields boosted the dollar and countered support from uncertainty around the Ukraine war, while palladium rose after London's decision to block trading of the metal from Russia. READ MORE HERE

 

2:55 PM

ALERT: EU to discuss possibility of imposing sanctions on Russian oil

2:48 PM

European markets trade in red ahead of ECB meet on Wednesday

source: finance.yahoo.com

2:39 PM

UK economic growth slows down amid declines in manufacturing

Britain's economic growth slowed in February amid declines in the production of cars, computers and chemicals. Gross domestic product increased just 0.1% from a month earlier, down from the 0.8% growth reported in January. Read more

2:30 PM

RBI's surprise hawkish pivot spurs economists to move up rate calls

The Indian central bank’s unexpected signal that it’s heading toward exiting easy monetary policy is prompting some economists to revise their outlooks on the timing and number of rate hikes this year. Read more

2:20 PM

Moody's maintains 'stable' outlook for Indian banks on recovering economy

Rating agency Moody's has maintained 'stable' outlook for India's banking system. The operating conditions for banks will be stable, supported by improving consumer and business confidence, as well as improving domestic demand, Moody's said in a statement. Read more

2:18 PM

India's March fuel demand jumps 4.2%, hits 3-year high

Consumption of fuel, a proxy for oil demand, totalled 19.41 million tonnes, its highest since March 2019. Sales of gasoline, or petrol, were 6.2 per cent higher at 2.91 million tonnes from a year earlier. READ MORE
 

2:07 PM

ITC hits over 2-year high on strong earnings hope; up 25% thus far in 2022

Shares of ITC hit an over two-year high of Rs 273.10, up nearly 2 per cent on the BSE on Monday in an otherwise weak market. The stock has rallied 6 per cent in the past two sessions on expectation of strong earnings due to improved cigarette volumes. Read more

1:56 PM

Gold consumption highest among Indian middle-income group

Consumption of gold in Indian households is the highest among the middle income group – those with annual income between Rs 2 lakh and Rs 10 lakh – consuming an average of 56 per cent of the total volume of the yellow metal sold in the country in the last five years, said nationwide household gold consumption survey by India Gold Policy Centre (IGPC) at the Indian Institute of Management, Ahmedabad (IIM-A). Read the story here

1:47 PM

TCS Q4 result today: Here are top brokerage expectations on its performance

Shares of TCS were trading flat on the bourses on Monday. Analysts expect the company to report moderate revenue growth of 2.4-3 per cent in constant currency terms (cc) on a quarterly basis, aided by sustained demand momentum, spending on digital initiatives and ramp-up of deals. Read more

1:37 PM

ALERT: EU sanctions on Russia may include oil