Sensex falls 954 pts, Nifty below 17,050 amid growth concerns; IT stocks up

CLOSING BELL: In the broader markets, the BSE MidCap index fell 2.85 per cent, and the BSE Smallcap index declined 3.33 per cent

3:01 PM

ALERT :: Germany stares at potential recession by 2023

2:53 PM

BSE Stats :: Less than 1,000 stocks in the green vs nearly 3,000 in the red on the BSE today

2:43 PM

NEWS ALERT :: Fin Min denies reports of Power Grid buying PFC's share in REC, say reports

>> Power Ministry to issue clarification soon

>> Stock had plunged over 8% earlier today

2:34 PM

Shanthi Gears up 9%, hits record high in a weak market on healthy outlook

In the past five weeks, the market price of SGL has soared 47 per cent, as against 1 per cent decline in the benchmark index. In the past six months, the stock zoomed 86 per cent, as compared to an unchanged Sensex. READ MORE

2:20 PM

Crypto exchange Binance seeks permit to return to Japan market after 4 yrs

Japanese Prime Minister Fumio Kishida’s agenda for reinvigorating the economy under the rubric of “New Capitalism” includes support the growth of so-called Web3 firms. The term “Web3” refers to a vision of a decentralized internet built around blockchains, crypto’s underlying technology. READ MORE

2:12 PM

ALERT :: Will review Windfall Tax on Sept 30-Oct 1, says Revenue Secretary Tarun Bajaj

>> Re-evaluation to be done will be based on data

2:00 PM

Global cues :: European markets choppy

>> European stocks were choppy on Monday as investors continued to weigh the deteriorating economic outlook in the region.

>> The pan-European Stoxx 600 was down 0.4% around an hour into trading

1:51 PM

IPO-bound boAt parent to scale up local manufacturing for global expansion

It expects to manufacture 60 lakh units (nearly double its present output) in H1 of FY23 under its make-in-India strategy and scale it further as the demand and market reach grow, which will also help it launch products faster and at lower prices, Aman Gupta, the co-founder and chief marketing officer, told PTI. READ MORE

1:38 PM

Global Check:: US stock futures off lows; UK seen marginally in green

Source: Investing.com

1:30 PM

BSE 500:: Stocks recovering smartly from the lows of the day

Westlife Development has gained nearly 8 per cent from the lows of the day so far. Hikal, Jindal Stainless, VIP Industries and Brigade Enterprises were some of the other prominent movers among the BSE 500.

1:20 PM

Indian rupee may sink to 82.50 against towering dollar, funding gap: IDFC

The Indian rupee could decline to 82.50 against the dollar by March, driven by the greenback's surge and the country's balance of payment deficit, IDFC First Bank said in a research note. READ MORE

1:12 PM

Market Check:: Select IT stocks bounce back, Infosys gains 2%

Select beaten down IT stocks witnessed renewed buying in trades on Monday. Infosys in particular was up nearly 2 per cent.

1:02 PM

WAPCOS files IPO papers with Sebi as govt sets new divestment targets

The public issue will be a complete Offer For Sale (OFS) of up to 32,500,000 equity shares by the promoter, Government of India, according to the Draft Red Herring Prospectus (DRHP). READ MORE

12:53 PM

Global Check:: Asian markets witness deep cuts across

Source:  Yahoo Finance

12:44 PM

Market Check:: Sensex off lows, down 630 points; Nifty reclaims 17,100