Sensex tanks 1,017 pts; Nifty holds 16,200; Bajaj Finance sinks 4%, RIL 3%

Stock market highlights: Over 35 Nifty stocks ended the session in the red with Bajaj Finance, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4%

1:31 PM

S&P BSE Sensex at day's low, down over 950 points

1:22 PM

Global Check:: US futures flat after Thursday's sharp fall

Source: Investing.com

1:10 PM

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

IIFL Finance and TTML have gained around 7.7 per cent each from their low of the day so far on Friday. Similarly, IOL Chemicals, Solar Industries and RHI Magnesita have also logged notable gains from their respective lows.

1:03 PM

Alembic Pharma gets USFDA nod for cancer treatment drug in US market

Alembic Pharmaceuticals on Friday said it has received approval from the US health regulator to market Dasatinib tablets, used to treat certain types of cancers, in the American market. READ MORE

12:55 PM

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

Hikal, La Opala, Indiabulls Housing Finance, Dilip Buildcon and Delta Corp were some of the notable stocks to have lost further ground from the highs of the day so far.

12:48 PM

Fitch lauds Indian economic recovery, ups outlook from negative to stable

Fitch Ratings has revised the outlook on India's long-term foreign-currency Issuer Default Rating (IDR) from “negative” to “stable” on diminished downside risks to medium-term growth. It affirmed the IDR at 'BBB-'. READ MORE

12:39 PM

Japan eases foreign tourism ban, allows guided package tours as cases dip

Japan on Friday eased its borders for foreign tourists and began accepting applications, but only for those on guided package tours who are willing to follow mask-wearing and other measures. READ MORE

12:30 PM

Expert View on Bitcoin

Bitcoin continued its consolidation around the $30,000. The market sentiment declined again the last couple of days, dropping below 15, still being in the ”extreme fear” zone. The 4-hourly trend for Bitcoin continues to traverse within an ascending channel pattern.

 

The next resistance for BTC is expected at $40,000. The weekly RSI is close to the 30 mark. Historically, whenever the weekly RSI has approached 30, BTC has made a turnaround and an upward rally has followed as buyers have made a comeback.

 

Ethereum against Bitcoin remained fairly flat throughout the day gaining a minor 0.5 per cent.

 

Bitcoin’s Dominance continues to maintain a stronghold above 47 per cent. The daily chart for ETH-BTC continues to traverse within a descending channel pattern. The next  support for ETH-BTC is expected at 0.055 level.

 

Views of WazirX Trade Desk 

12:18 PM

Asian Markets Update:: A sea of red

Source: Yahoo Finance

12:08 PM

BSE 500:: Top losers so far

Brightcom Group shed 5 per cent in trades so far and was the top loser among the BSE 500 stocks. Swan Energy, Indiabulls Housing Finance, Hindalco and Bajaj Fiance were the other major losers, down over 3.5 per cent each.

12:03 PM

J Kumar Infra hits four-year high; surges 38% in twelve days on strong Q4

Strong cash position and unutilised working capital limits facilitate headroom for undertaking large projects and executing existing projects, analysts said. READ MORE

11:53 AM

BSE 500:: Top gainers so far

TTML has zoomed over 9 per cent and was the top gainer among the BSE 500 stocks. IOL Chemicals, IIFL Finance, Solar Industries and JSW Energy were some of the other major so far on Friday.

11:46 AM

MARKET CHECK: Sensex at day's low; slips over 800 pts

11:39 AM

Rupee depreciates 8 paise, hits record low of 77.82 against dollar

The rupee depreciated 8 paise to a record low of 77.82 against the US dollar in opening trade on Friday, tracking the strength of the greenback in the overseas market. Read here

11:25 AM

Asian markets: China indices attempt to regain lost ground

source: finance.yahoo.com