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

10:38 AM

ALERT :: LIC Housing Finance raises interest rate from 6.7% to 6.9%

LIC Housing Finance Ltd has revised the rate of interest for its loan products on the back of the Reserve Bank of India’s (RBI) announcement on 4th May 2022, revising the repo rate.

The new interest rate on home loans starts from 6.9% with effect from 13th May 2022. 

 

Alert: The interest rate has been changed from 6.7% to 6.9%

10:38 AM

Nifty Media gains over 3% led by Nazara Tech, Network18

10:32 AM

Adani Group stocks edge higher; Adani Power surges over 4%

10:25 AM

AU SFB shares jump 6% after MSCI includes stock in global indices

Four domestic stocks added, one excluded from MSCI Standard index. READ MORE HERE

10:20 AM

Tata Motors gains 8% amid narrowed Q4 net loss, strong demand outlook

The company guided for robust demand prospects (JLR order-book at 1.68 lakh units, up 13,000 units QoQ) coupled with healthy profitability going forward. Read here

10:10 AM

Odds in favour of more near-term correction in Indian stocks: Chris Wood

Chris Wood believes the best way to play Indian markets is the upswing in the Indian property/real estate sector despite the rate hikes by the Reserve Bank of India (RBI). READ MORE HERE

10:05 AM

Market view: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

>> This is the season of headwinds for markets. High inflation in the US and the hawkish Fed has pushed up bond yields, negatively impacting equity markets.

>> Global economic uncertainty and market turbulence have triggered safe haven dollar buying, pushing the dollar index to 104.8. In this backdrop FPIs continue their selling spree further impacting sentiments.

>> To top it all, CPI inflation for April has come at a disturbingly high level of 7.79 leaving no option for RBI, but to turn hawkish in the coming policy meets.
 

>> The positive side is that all this bad news is already known and factored-in by the market.

>> Since the market is oversold, a bounce back can be expected but the texture of the market remains weak.
 

>> For long-term investors, high quality financials and IT provide investment opportunities.

10:00 AM

Welspun Enterprises soars over 8% on strong Q4 results

9:56 AM

Pradeep Metals jumps over 9% after profit more-than-doubled in Q4

9:50 AM

Matrimony.com surges 14% as board approves share buyback via tender offer

The board has recommended a buyback of equity shares not exceeding Rs 75 crore at an indicative maximum buyback price not exceeding Rs 1,150 per equity share. READ MORE HERE

9:45 AM

South Indian Bank spurts over 6% after net profit jumps 40-fold in Q4

9:40 AM

L&T gains after net profit jumps 10% in Q4

9:35 AM

Tata Motors spikes over 7% after loss narrows in Q4

9:33 AM

Poonawalla Fincorp surges over 10% after stellar Q4 results

9:31 AM

SBI gains over 1% ahead of Q4 results