Sensex sinks 1,172 pts, Nifty below 17,200; Infosys tanks 7%, HDFC Bank 5%

CLOSING BELL: Dismal March quarter earnings by HDFC Bank & Infosys, coupled with fears of aggressive rate hikes amid rising inflation, soaring bond yields, & resurgence in Covid-19 cases hit sentiment

11:20 AM

Gold hits over 1-month high as Ukraine crisis weakens risk appetite

Seems like there is a bit of risk aversion in the market, with some overhang from the Russia-Ukraine situation, said Ilya Spivak, a currency strategist at DailyFX, while cautioning thin liquidity could possibly exaggerate price action.

 

Ukrainian soldiers resisted a Russian ultimatum to lay down arms on Sunday in the pulverised port of Mariupol, which Moscow said its forces had almost completely seized in what would be its biggest prize of the nearly two-month war. READ MORE

11:12 AM

Sensex tanks 1,300 points in trade today; Key reasons behind the sharp fall

In Monday's early trade, the two frontline indices dropped over 2 per cent each to the day's low as IT major Infosys and banking giant HDFC Bank plunged sharply on disappointing Q4 performance. READ MORE HERE

11:04 AM

HDFC Bank: Merger, valuation concerns may weigh in near-term, say analysts

HDFC Bank Q4 result analysis: We have seen a de-rating of the bank's multiple in recent years and we are again at a point where the risk of further de-rating is high, analysts say. READ MORE HERE 

11:00 AM

Nifty Metal - the only sector in green

10:54 AM

Global air travel rebounds as Indians resume visiting Southeast Asia

Earlier this month, the International Air Transport Association (IATA) announced that global air travel posted a strong rebound in February 2022 compared to January 2022, as Omicron-related impacts moderated outside of Asia. READ MORE HERE

10:46 AM

Indiabulls Real Estate dips 6% after listing of QIP shares

Nearly 86 million equity shares of Rs 2 each allotted to QIBs pursuant to qualified institutional placement (QIP) are listed on the exchange with effect from Monday, April 18, 2022. READ MORE HERE

 

10:43 AM

India's 10-year bond yield surges over 7%

10:38 AM

Adani Wilmar hits 52-week high

10:30 AM

Passenger vehicle exports from India rise 43% in FY22; Maruti Suzuki leads

Passenger vehicle exports from India increased 43 per cent in FY22, with Maruti Suzuki India leading the segment with dispatches of over 2.3 lakh units, as per the latest data by industry body SIAM. READ MORE HERE

10:22 AM

Infosys records sharpest intra-day fall in 2 yrs post weak Q4 nos; tanks 9%

Shares of Infosys tanked 9 per cent to Rs 1,592.05 on the BSE in Monday's intra-day trade after the company reported a weak set of numbers for the quarter ended March 2022 (Q4FY22). READ MORE HERE

10:18 AM

Mindtree slips over 4% ahead of Q4 results

10:10 AM

Tata Steel up 2% in a weak market on stock split plan; zooms 13% in 3 mths

Shares of Tata Steel were up 2 per cent at Rs 1,349.80 on the BSE in Monday's intra-day trade, in an otherwise weak market, after the company said the board will meet on May 3, 2022 to consider stock split proposal. READ MORE HERE

10:06 AM

Weak Q4 pulls down HDFC Bank by over 3%

10:01 AM

NTPC hits 52-week high

9:57 AM

Infosys declines over 7% after Q4 disappoints street