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

9:00 AM

Seven of top 10 firms lose Rs 1.32 trn in m-cap; Reliance biggest drag

Seven of the 10 most valued firms suffered a combined erosion of Rs 1,32,535.79 crore in market valuation last week, with Reliance Industries emerging as the worst hit. Read here

8:57 AM

Stocks on radar today: Infosys, HDFC Bank, Tata Steel, ICICI Life, HUL, RIL, M&M

HDFC Bank: The private sector banking major reported a 22.8 per cent YoY increase in net profit for the Jan-March quarter to Rs 10,055.18 crore, compared to Rs 8,186.51 crore the same period of the previous year. Total income was up 8.1 per cent YoY at Rs 41,085.78 crore from Rs 38,017.50 crore.

Infosys: The ADR shed 9.3 per cent in the last two trading sessions after the IT major reported a subdued performance in the March quarter but met its guidance for the full year. The company reported a net profit of Rs 5,686 crore in Q4, up 12 per cent YoY; but down 2.1 per cent sequentially. Read more here

8:54 AM

BS special: Market hasn't factored in risks to growth, says Nomura's Saion Mukherjee

As the markets adjust to the possibility of a faster-than-expected hike in interest rates, Saion Mukherjee, managing director and head of equity research, India at Nomura, says in an interview that if inflation-related issues get relatively structural and last longer, interest rates can continue to surprise further on the upside, leading to contraction in valuation multiples. Read it here

 

8:49 AM

DIIs inflows: Domestic investors buy Rs 1,411 crores of shares Wednesday

8:49 AM

NEWS ALERT :: Indiabulls Real Estate raises Rs 865 cr at Rs 101.10/sh via QIP

>> Trading of these shares will commence today ie  April 18, 2022, on NSE and BSE.

8:48 AM

FII selloff: FIIs sell Rs 2,061 crores of shares Wednesday

8:46 AM

Trading Calls: Buy Welcorp, Sell UltraTech Cement, recommends Mehul Kothari

According to the technical analyst from Anand Rathi, Welcorp can rally towards Rs 240, whereas UltraTech can slide to Rs 6,400 in the coming weeks. Read more

8:45 AM

NEWS ALERT :: China's Jan-March GDP growth at 4.8% vs estimate of 4.4% YoY

8:43 AM

Street signs: Nifty support seen at 17,400, Shipbuilding stocks zoom & more

The markets remained under pressure throu­ghout last week as rising bond yields dampened investor sentiment. Technical analysts say the Nifty50 index could remain rangebound during the remainder of April series, with a slight negative bias. Read here

8:41 AM

ALERT: China's unemployment rate rises to 5.8%, highest since May 2020

8:38 AM

WATCH BS SPECIAL: What will dictate market trend this week?

As the markets open today after a four-day gap, it will have to factor in a host of developments in the world markets. WATCH HERE

8:36 AM

SGX Nifty sharply lower; Nifty may open below 17,300

source: investing.com

8:32 AM

Rupee closes weak against USD on Thursday

source: bloomberg

8:30 AM

Oil prices climb higher: Brent Crude up 1% around $113 a barrel

source:oilprice.com

8:26 AM

Asian markets in red; China Q1 GDP tops estimates, up 4.8% on year

Retail sales in March fell by a more-than-expected 3.5% from a year ago

source: finance.yahoo.com