Investors poorer by Rs 5 trn as Sensex tanks 1,021 pts; Nifty near 17,300

CLOSING BELL: ith this, the indices have yet again turned negative for calendar year 2022. During the day, the Sensex had tumbled over 1,100 points, and the Nifty50 had erased nearly 350 points

4:16 PM

TECHNICAL VIEW: Santosh Meena, Head of Research, Swastika Investmart

Technically, Nifty witnessed closing below 50-DMA with a breakdown of a bearish head and shoulder formation that may lead to further weakness. On the downside, 17150 is an immediate support level while 200-DMA of 17000 is a sacrosanct support level. On the upside, 20-DMA of 17700 is a critical hurdle.   We are heading into expiry weak on a weaker note as the Nifty slipped below the put base of 17500 where 17000 is the next base.

4:10 PM

GLOBAL CHECK | European markets fall amid weak global sentiments

4:05 PM

GLOBAL CHECK | US equity futures drop amid recession fears

4:01 PM

Sensex sheds 1,021 pts on Friday, ends week with 700-pts cut: Here's why

Domestic benchmark indices plummeted on Friday as fears of a recession gripped investors all around the world. READ MORE

3:55 PM

MARKET COMMENT: Vinod Nair, Head of Research at Geojit Financial Services

A rise in the US 10-year bond yield and a strong dollar index influenced FIIs to flee emerging markets. A fall in liquidity in the banking system, a weak currency and a current premium valuation have set the market outlook bearish for the near term. With aggressive monetary policy action by central banks, the global growth engines are in a slowdown mode, whereas India is currently in a better position with a pickup in credit growth and an uptick in tax collection. The current volatility might persist for a while. Investors are advised to wait and watch until the dust settles.

3:50 PM

Biocon, Gland Pharma, IOC among stocks that hit 52-week low

3:47 PM

Power Grid, Apollo Hospitals, Hindalco top Nifty50 laggards

3:44 PM

Divi's Lab, Sun Pharma, Cipla top Nifty50 leaders

3:40 PM

Broader markets undergo selloff, decline over 2%; India VIX jumps 9%

3:38 PM

Nifty Media, Nifty PSU Bank worst sectoral performers

3:35 PM

SENSEX HEATMAP: Only 3 out of 30 index constituents close in green

3:33 PM

CLOSING BELL: Sensex crashes over 1,000 points

3:30 PM

CLOSING BELL: Bears steer Nifty50 to close below 17,350 levels, down 300pts

3:21 PM

Welspun bid for ABG Shipyard among highest for assets under liquidation

Gujarat govt welcomes the winning offer which could boost ship building activity under the new 2019 port policy. READ MORE

3:15 PM

COMMODITIES CHECK | Brent crude slips below $90 per barrel