Sensex gyrates 1,232 pts, ends 224 pts down; Nifty holds 18,000; banks jump

CLOSING BELL: Financials, largely banks, along with metals gave muscle to the bounce back with the Nifty Metal and the Nifty Bank indices rising over 1 per cent each

12:24 PM

ALERT | August WPI inflation eases to 12.41% from 13.9% in July

Food inflation at 9.93% vs 9.41% (MoM) 

12:20 PM

Regulatory assets of discoms increase 88,720 crore in June: Report

Discoms' regulatory assets cumulatively increased to Rs 88,720 crore by June 30, showed government data. Read here

12:13 PM

Investors snap up Indian govt bonds ahead of inclusion in global indexes

The central bank removed foreign investment caps for a number of securities under the 'fully accessible route' (FAR) in April 2020 to help meet a key requirement of index providers. Read here

12:02 PM

Nifty IT index tumbles nearly 4% on growth concerns; Infosys down 5%

On Wednesday, shares of TCS, Infosys, Coforge, Tech Mahindra, Larsen & Toubro Infotech, L&T Technology Services and Mindtree were down in the range of 3 per cent to 5 per cent. Read here

11:53 AM

Investors' wealth tumbles Rs 2.21 trn amid sell-off in opening trade

Investors' wealth eroded by more than Rs 2.21 lakh crore in early trade on Wednesday, with the market witnessing a selling-off amid prospects of aggressive rate hikes by the US Federal Reserve. Read here

11:43 AM

WATCH | Q&A: Is the worst over for global equity markets?

11:34 AM

South Korean won tumbles to over 13-year low following US inflation data

The local currency had been trading at 1,390.9 won against the US dollar as of 11 a.m. (local time), down 17.3 won from the previous session's close, reports Yonhap News Agency. Read here

11:25 AM

COMMENT | Another jumbo US Fed rate hike of 75 bps highly likely

The US inflation in August rose higher at 8.3% y-o-y against expectation of 8.1%. The CPI index increased 0.1% month on month while the economists were expecting it to decline by 0.1% over the month due to sharp correction in energy prices.

However, decline in energy prices was offset by higher cost of food (+0.8% m/m) and shelter costs (+0.7% m/m).

High costs of food, housing, transportation and other services reiterate the strong consumer demand and elevated service sector price pressures.

With inflation being ‘stickier’ than expected, it is highly likely that the Fed will go for another jumbo rate hike of 75bps in its next FOMC meeting on 21st September.

Views by Ritika Chhabra- Economist and Quant Analyst, Prabhudas Lilladher

11:13 AM

Consumption trends signal strong FY23 for mall operator Phoenix Mills

Company's recovery and expansion after impact of Covid-19 expected to improve rentals and occupancies. Read more

11:04 AM

Global fund managers 'super bearish'; cash allocation at 20-year high: BofA

Global growth expectations, the survey findings suggest, were near all-time lows with a net 72 per cent respondents expecting a weaker economy in 2023. Read here

10:55 AM

Sebi wants more safeguards for F&O trades to shield small investors

Is against dictating IPO pricing; calls for greater disclosures and transparency. Read here

10:46 AM

Dollar pushes towards 24-year peak versus yen after US inflation data

The dollar rose as high as 144.965 yen in the Asian session, taking it close to the high of 144.99 hit a week ago, a level not seen since August 1998. Read here

10:38 AM

Binance gains big as crypto traders flee Indian exchanges to escape taxes

Downloads of Binance's app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX. Read here

10:29 AM

Nifty Media sole pocket in green; Inox surges 6%

10:19 AM

SBI joins Rs 5 trillion market cap club; stock surges 26% in three months

At 09:42 AM, with a market cap of Rs 5.03 trillion SBI stands in seventh place in the overall market cap ranking of companies, BSE data shows. Read here