Sensex sheds 106pts amid volatility; Tata Steel cracks 7%, HUL gains 3%
The BSE Midcap and Smallcap indices ended with heavy losses of over 2 per cent each. Debutant Rainbow Children's Medicare ended a steep discount of 17 per cent to its issue price.
Insurance stocks perk up in trade; GIC India surges over 3%
India's crude imports rise 4.2% to 19.03 mn ton in March on demand recovery
India is among the least favoured markets in Asia: Sunil Tirumalai of UBS
Dixon Technologies hits 52-week low, stock down 19% in six trading days
Rainbow Children's Medicare lists at 7% discount to issue price
Mixed trade for paint stocks; Berger Paints gains over 2%
Power Grid hits fresh 52-week high
Asian Paints gains ahead of Q4 results
3i Infotech slips over 3% after weak Q4 results
GMR Infra gains after SC allows firm to operate Nagpur airport
PVR surges nearly 4% after net loss narrows in Q4
GNFC spikes over 6% after net profit more-than-doubled in Q4
Market view: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The mother market US has turned distinctly weak with Nasdaq, S&P 500 and Dow at 1-year lows. European markets are moving in tandem with US markets. Relatively India is doing better thanks to the consistent buying by DIIs and retail investors. Retail investors should not rush in to buy aggressively now since the market is not at buyable valuations. Since there is a risk off environment globally, FIIs are likely to sell at every bounce in the market. High quality stocks like leading financials may be bought in small quantities.Rupee depreciation, which may continue, will impart resilience to IT stocks.
Opening bell: Metal stocks lose shine; JSW Steel slips over 1%
Opening bell: ONGC, Hindalco, Infosys top Nifty 50 laggards
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First Published: May 10 2022 | 8:16 AM IST