Recession fears hit global mkts; Sensex drops 1,046 pts, Nifty below 15,400

CLOSING BELL: The S&P BSE Sensex and the Nifty50 indices hit fresh 52-week lows as they spiraled 2 per cent down

3:14 PM

Rupee at 80, 10-year IGB at 8%: The five bearish forecasts from UBS

The brokerage sees the yield on the 10-year India government bond (IGB) topping the 8 per cent mark before the end of the fiscal. Read more

3:01 PM

Infosys, Wipro, UltraTech Cement, Tata Steel, Hindalco hit 52-week lows

An economic slowdown or other factors may affect the economic health of the US, UK, the European Union, Australia or those industries where IT revenues are concentrated. READ HERE

2:53 PM

Retail businesses grow 24% in May against pre-pandemic level: Report

The retail businesses across India witnessed a growth of 24% in May this year against the pre-pandemic level of the same month in 2019, according to industry body RAI. READ HERE

2:45 PM

European markets edge lower post Fed rate hike

2:35 PM

UBS expects retail flows into equity markets to slow amid rising rates

Retail investor flows, along with domestic institutional money, has been the lifeline of Indian equity markets over the past few months at a time when foreign investors have deserted emerging markets (EMs) in the backdrop of rising inflation and a concerted central bank action to tighten the monetary policy. READ HERE

 

2:23 PM

Nifty Metal sheds over 4%; Tata Steel, NMDC, JSPL hit 52-week low

2:17 PM

Sagar Cements tanks 12%, hits 52-week low on growth concerns

The geopolitical tensions between Russia and Ukraine have resulted in sharp increase in pet coke and coal prices, thereby, denting overall profitability of the business. READ MORE

2:11 PM

Mining stocks take severe beating:: Vendata, Coal India tumble up to 6%

Vedanta slumped over 6 per cent. Coal India, NMDC and Orissa Minerals were some of the prominent stocks to lose ground in trades so far from the mining sector.

2:05 PM

BSE 500:: Stocks falling significantly from the highs of the day

MRPL and TTML have shed 10 per cent each from their respective highs' of the day. Phoenix Mills, Network 18 and Dishman Carbogen were some of the other stocks to shed significant ground from the highs of the day on Thursday.

1:51 PM

Higher prices of natural gas take the heat out of gas utility stocks

The sharp rise in the price of natural gas has impacted margins of downstream players. The domestic price of natural gas was reset in April to $6.1 per MMBTU (metric million British Thermal Unit) from $2.9 in the previous six-month period. The next reset will be in October. However, despite the likely pressure on volumes and margins, and having cut earnings estimates, most analysts are positive on the natural gas sector. READ MORE

1:43 PM

S&P BSE Sensex slides as the day progresses, down 750 points

1:33 PM

BSE 500:: Volume Shockers

Interglobe Aviation (IndiGo) has seen unusually high volume of around 62,400 shares so far on the BSE as against its five-day average volume of around 12,100-odd shares. Similarly, Vakrangee, Sudarshan Chemicals, Cera Santiary and SpiceJet also witnessed a sharp spike in volume in trades on Thursday.

1:23 PM

BSE 500:: Stocks recovering smartly from the lows of the day

Vakrangee has rallied nearly 9 per cent from its low of the day. Similarly, IIFL Wealth Management, CRISIL, SIS and Swan Energy were some of the other notable movers in trades so far from the lows of the day.

1:15 PM

S&P BSE Sensex 30 Heatmap:: Tata Steel sheds 4.5%; ICICI Bank sole gainer

1:02 PM

BSE 500:: Stocks falling significantly from the highs of the day

MRPL and TTML have tumbled 10 per cent each from their respective highs' of the day. Phoenix Mills, Network 18 and Dishman Carbogen were some of the other stocks to have lost significant ground from the highs of the day so far.