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

11:02 AM

ALERT: India 10-yr bond yield hits 3-year high of 7.18%

source: investing.com

10:57 AM

Veranda lists 15% higher over issue price on BSE; down 5% on NSE

Shares of Veranda Learning Solutions opened 15 per cent higher at Rs 157 against its issue price of Rs 137 per share on the BSE on Monday. At 10:22 am; the stock locked in upper circuit of Rs 164.85, after hitting a low of Rs 149.15 in intra-day trade so far.

10:43 AM

MCX Gold, Silver: Key trading levels to watch out on April 11

Gold price has risen by 3.7 per cent from its recent low of Rs 50,354 in the last nine trading sessions. Read full story here

Photo: Unsplash/Jingming Pan

10:34 AM

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

Rating agency Moody's has maintained 'stable' outlook for India's banking system. READ MORE HERE

10:23 AM

Shares of this PSU defence company has zoomed nearly 100% thus far in 2022

Government of India aims to reduce the country's dependence on imports of defence equipment and have a more 'self -reliant' defence sector under the Aatmanirbhar Bharat initiative. READ MORE HERE

10:15 AM

Ruchi Soya spurts over 6% as company explores synergy with Patanjali's food play

10:15 AM

Veranda Learning lists at 15% premium over issue price on BSE

The issue price was fixed at Rs 137. 

10:07 AM

FMCG stocks under pressure due to slow sales in March

10:01 AM

Adani Group stocks extend rally on $2 billion investment by UAE's IHC

Shares of Adani Group companies traded higher by up to 8 per cent on the BSE in Monday's intra-day trade, extending their previous week's rally, after UAE's International Holding Company (IHC) agreed to invest 7.3 billion dirhams ($2 billion) in three group companies through preferential issue. READ MORE HERE

9:56 AM

Market check: Sensex extends slide below 400 points

9:52 AM

Market view: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

>> Despite the headwinds from an increasingly hawkish Fed, the market is exhibiting technical strength as reflected in the Nifty trading above 100 and 200 day moving averages.

>> The other important trend of the mid-cap index outperforming the Nifty is likely to continue.

 

>> An important factor supporting the market is the sustained flow into domestic equity mutual funds which has touched a record high of Rs 28464 cr in March.

>> The net inflow of Rs 164399 cr into domestic equity mutual funds in FY 22 along with strong retail buying has negated the massive FPI selling in FY22. This new trend of domestic money outsmarting foreign capital is likely to be a major determinant of market trends, going forward.

 

>> Q4 results, particularly of leading financials, and guidance from IT majors will influence the market in the coming days.

9:44 AM

Time Technoplast spikes over 4% as board approves rejig of overseas businesses

9:42 AM

Zydus Cadila surges on launching world's first 3-dose vaccine against rabies

9:38 AM

TCS trades flat ahead of Q4 results

9:35 AM

Chemical stocks upbeat; Khaitan Chemicals rallies to 5%