Sensex ends choppy day 337pts down; Nifty atop 17,600; banks dip, FMCG gain

CLOSING BELL: Sectorally, indices ended mixed with the Nifty FMCG index rising over 1 per cent, while the Nifty Bank, and Financial Services indices falling up to 1.4 per cent each

9:26 AM

NIFTY LOSERS | SBI Life, HDFC, Tech M top index drags

9:24 AM

NIFTY GAINERS | Shree Cement, Adani Ports additional winners

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9:21 AM

HEATMAP: 10 of 30 stocks ope in green; ITC up 1%

9:19 AM

OPENING BELL | Nifty drops 130 pts to slip below 17,600

9:17 AM

OPENING BELL | Sensex falls over 350 points to 59,090

9:12 AM

PRE-OPEN SESSION | Nifty likely to sink 100 pts to 17,600

9:09 AM

PRE-OPEN SESSION | Sensex drops 380 points

9:05 AM

CURRENCY ALERT | Rupee opens at 80.29/$ vs previous close of 79.98/$

8:59 AM

WATCH | Is a re-rating on cards for capital goods stocks?

8:54 AM

Stocks to Watch: Wipro, SBI, Reliance, SpiceJet, PNB, Sugar, Asian Hotels

Stocks to Watch Today: In the F&O space, Ambuja Cements, Can Fin Homes, Delta Corp, Escorts, PVR and RBL Bank are in F&O ban period on Thursday. Read here

 

8:51 AM

COMMENT | US Fed terminal rate estimate of 4.6% above market expectation

While the Fed’s 75bp rate hike and reiteration of the hawkish message were on expected lines, indication that the terminal rate is likely to be 4.6% was higher than market expectations.

US 10-year bond yield spiking above 3.5% and the dollar index above 111 are unnerving for equity markets.

Now the market feels that the probability of a US recession has increased to 75%. In the backdrop of sharply slowing Eurozone and China, this is bad news for global growth.
 

The big question from the Indian market perspective is whether India’s outperformance will continue in the present global risk off context.

Investors can remain optimistic but be cautious since India’s valuations are on the higher side. Financials, capital goods, select autos, telecom and construction related stocks can be bought on declines.

Views by V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

8:47 AM

Rupee weakens 22 paise to close at 79.98/$ Wednesday

8:44 AM

ALERT | Bank of Japan keeps rates unchanged; maintains ultralow rate policy

8:41 AM

Fed Chair Wed: Amount of pain depends on time it takes to bring inflation to 2%

FED CHAIR POWELL: AMOUNT OF PAIN DEPENDS ON TIMELINE TO 2% INFLATION GOAL

FED CHAIR POWELL: HOUSING MARKET MAY HAVE TO GO THROUGH CORRECTION

FED CHAIR POWELL : CONTINUING RATE RATES WILL BE NEEDED

Source: Investing.com

 

8:38 AM

Fed Chair on rate hikes Wed: Will 'keep at it' until the job is done

Historical record cautions strongly against pausing too early. We will keep at it till we feel the job is done, said US Fed Chair Jerome Powell.

Federal Reserve Chair Jerome Powell (File photo: Reuters)