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

10:35 AM

Five pressure points to watch in Asian markets after Fed's 75 bps hike

Asia traders are waking up to a relief rally across the Pacific after Federal Reserve Chair Jerome Powell promised the biggest rate hike since 1994 won't be the rule. READ HERE

10:27 AM

Realty stocks under pressure; Lodha down over 2%

10:19 AM

Here are five new stock market entrants that will see $105 mn in FPI flows

hares of five newly-listed companies will get added to the FTSE global indices. The adjustment, which will take place on Friday, will result in a cumulative $105 million of foreign portfolio investor (FPI) flow into the domestic market, said analysts. READ HERE

 

10:10 AM

US FDA advisers approve Moderna, Pfizer vaccines for kids under 5

COVID-19 shots for US infants, toddlers and preschoolers moved a step closer Wednesday. READ HERE

10:05 AM

ITC gains 1% after Motilal upgrades rating; stock up 23% thus far in 2022

Motilal Oswal Financial Services (MOSL) upgraded rating on the stock to 'Buy' with a price target price of Rs 335 per share. READ HERE

10:00 AM

Market view: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

>> Along with the highest rate hike in 28 years, the Fed chief delivered the clear message that "we have the tools and resolve to achieve price stability". Also, the Fed is significantly reducing the size of its balance sheet. This has negative implications for equity markets globally. Any relief rally is unlikely to last long. In India, the sustained FPI selling is an additional headwind.

 

>> Investors may follow a cautious investment strategy without taking aggressive bets. Take a long-term view and use dips in the market to slowly accumulate fairly priced high quality stocks such as leading banks, leading IT, pharma and select autos.
 

>> Increase the cash component in the portfolio to exploit any probable sudden changes in outlook and market trend.

9:55 AM

Paint stocks inch up after Brent Crude slips below $120 a barrel

9:50 AM

Aviation stocks mixed after jet fuel prices touch new high

9:45 AM

SBI abuzz after it raises MCLR lending rate by 20 bps

9:40 AM

GE Power surges 2% after arm acquires stake in Continnum Energy

9:35 AM

Indian Overseas Bank up 1% post board approves capital plan for FY23

9:31 AM

Jyothy Labs gains 2% after Nalanda India Equity Fund hikes stake

9:26 AM

Broader markets outshine benchmark; India Vix eases 6%

9:24 AM

ONGC, Bharti Airtel, Power Grid top Nifty50 losers

9:23 AM

RIL, Bajaj Finance, Maruti top Nifty50 leaders