Sensex falls 992 pts from day's high, ends 137 pts down; SBI sheds 5%

CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates

12:50 PM

Blood on the Street: 98% Nifty 500 stocks down this month, shows data

Close to 98 per cent of Nifty 500 components have delivered negative returns so far this month. Read here

12:43 PM

Strong chemicals business outlook likely to support the SRF stock

This could aid overall profitability, even though other segments may see margin moderation. Read here



 

12:24 PM

CPI at 8-year high in April: Anand Rathi expects inflation to peak soon

Analysts at Anand Rathi expect an aggressive monetary tightening  ahead given the 8-year high April CPI at 7.8%.

Further, they see a 50-65 bps rate hike in the next three months and a 200 bps rate hike in the next 24 months.

Despite these, with the recent softening of global commodity prices, improvements in supply chains, a favourable monsoon outlook and lack of demand pressures, it expects inflation to peak soon.

12:15 PM

Tata Motors: Investors cheer long-term growth outlook despite muted Q4

Driven by an all-round strong performance, we expect Tata Motors to become earnings' positive in FY23 with a net profit of Rs 7,068 crore, said analysts at Sharekhan. Read here

12:04 PM

HDFC AMC hits new 52-week low on MSCI exclusion; stock down 18% in a month

From India, MSCI has added 4 stocks - Adani Power, AU Small Finance Bank, Jindal Steel & Power and Tata Elxsi, whereas, deleted HDFC AMC. Read here

11:55 AM

MARKET CHECK: Sensex extends gains, rises 700 pts

 

11:44 AM

Over $200 billion wiped off cryptocurrency market in a day: CoinMarketCap

Bitcoin plunged by as much as 10 per cent in the last day to its lowest level since December 2020, while Ethereum dropped as much as 16 per cent. Read more

11:34 AM

Fearing closure of petrol pumps, RIL-bp drafting a rescue plan: Report

Earlier in 2008, RIL had compensated dealers when it shut retail outlets due to high crude oil prices and lack of support from the government. READ MORE HERE

11:24 AM

GAIL submits new InvIT proposal to monetise Rs 5,000-crore assets

The last PPPAC meeting was in December, according to its website and there is no clarity on when the next one will be held. Read here

11:24 AM

LIC IPO: Govt raises Rs 20,560 crore as firm sets issue price at Rs 949

Life Insurance Corporation of India shares have been priced at 949 rupees each, the state-run firm said in a prospectus filed Friday. READ MORE HERE

11:13 AM

Indus Towers hits 52-week low as stock turns ex date for interim dividend

Shares of Indus Towers hit a 52-week low of Rs 185.30, down 2 per cent on the BSE in Friday’s intra-day trade in an otherwise firm market. Read more

11:05 AM

Equities, cryptos, metals: Most asset classes gave negative return in 2022

While the sell-off in equities has been brutal, especially in the US stock market with NASDAQ and Dow Jones Industrial Average (DJIA) slipping over 27 per cent and 13 per cent year-to-date (YTD). Read more

Illustration: Binay Sinha

10:55 AM

MARKET CHECK: Indices volatile; Sensex again rises 500 pts

 

10:50 AM

LIC IPO issue price set at Rs 949; may get listed on Tuesday: Report

The LIC IPO sold in the range of Rs 902-949 from May 4 to May 9. READ MORE HERE

10:45 AM

Inflation: Your soap or cookies may not be getting pricier but lighter

Companies have moved toward lighter loads in their cheapest packages amid rising costs of edible oils, grains and fuel. Read more