Sensex tanks 872pts, Nifty gives up 17,500 amid global sell-off; ITC shines

CLOSING BELL: Tata Steel fell over 4 per cent, while Asian Paints, Wipro, L&T, Bajaj twins, Ultratech Cement, Axis Bank, Sun Pharma, Tech M, ICICI Bank, & SBI declined in the range of 2-3.5 per cent

12:31 PM

Before his death, Jhunjhunwala family became Akasa's biggest shareholders

Three trusts named after his twin sons and daughter now hold 27% stake in firm; combined family holding at 46%. READ MORE

12:21 PM

BSE 500:: Top gainers so far

CCL Products has surged over 8 per cent and was the top gainer among the BSE 500 stocks so far on Monday. Elgi Equipments, Brightcom Group, Adani Green and Adani Power were some of the other significant gainers, up 5-7 per cent each.

12:12 PM

GoAir to Mobikwik: IPOs worth Rs 32,881 cr 'to expire' by Dec-end

Out of 27 such IPOs, the offer of GoAir will be the first one to expire. Read more

11:55 AM

Dollar hits 5-week high on hawkish Fed before Jackson Hole' symposium

Economists in a Reuters poll lean toward a 50 basis-point increase with recession risks on the rise. Read here

11:46 AM

ASIAN MARKETS | Mainland China markets outperform peers

 

11:33 AM

Retail inflation likely to ease below 6% by March quarter, say analysts

Despite signs of inflation having peaked in India, the outlook remains highly uncertain, members of the central bank's monetary policy committee said in their report. Read more

11:21 AM

ITC hits 47-month high in a weak market on heavy volumes; up 5% in 1 month

In the past one week, ITC has outperformed the market by gaining 3 per cent, as against nearly 1 per cent decline in the benchmark Sensex. Read more

11:12 AM

Investors could continue to allocate to equity funds, says UTI AMC CIO

Investors should be guided by valuations in determining risk and allocation rather than events that cannot be predicted, said Vetri Subramaniam. Read here

10:56 AM

MARKETS AT 11 AM | Markets trade with deep cuts; Sensex down 600 pts

 

10:44 AM

West Coast Paper hits new high on healthy outlook; stock up 50% in a month

In the past six months, the stock price of WCPM has more-than-doubled or soared 137 per cent, as against 3 per cent rise in the benchmark Sensex. Read more

10:35 AM

COMMENT | Rising dollar, bonds strong headwinds for FII inflows

Market is delicately poised with higher downward risk. The sustained FII buying is positive. 

But FIIs are unlikely to buy aggressively in the present context of rising dollar.

The dollar index is back above 108 and the US 10-year bond yield is at 2.99%. This is negative for capital flows to emerging markets.
 

India's impressive GDP growth and favorable leading indicators in the context of global growth slowdown have the potential to attract more FII flows but the rising dollar and bond yields are strong headwinds.
 

Investors have to exercise caution. Medium to long-term investors can buy high quality banks on declines. Capital goods and autos are on a strong wicket.

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

10:26 AM

Chinese govt seeks to stabilise property market with loans, lower rates

Chinese banks lowered their benchmark lending rates while authorities stepped up support for the property market with additional loans, a govt-guided attempt at alleviating a worsening housing crisis. Read here

10:18 AM

Deflating commodity costs to aid FMCG firms in H2FY23: Analysts

With commodity prices deflating from their March peak levels, analysts expect the margin profile across consumer goods companies to improve going ahead. Read here

10:06 AM

Adani Power gains 4%, hits new high on DB Power deal; up 47% in one month

The acquisition of DB Power's thermal power assets will help the company to expand its offerings and operations in the thermal power sector in the state of Chhattisgarh. Read here

9:57 AM

MCX Gold may seek support around Rs 51,100-level; Silver remains negative

The MCX Gold October futures is trading near multiple supports in the form of 20-WMA, 20-DMA and 50-DMA; Whereas Silver futures may seek support near its recent low of Rs 54,160-odd level. Read here