Sensex down 1457pts, Nifty gives up 15800 on global rout, ahead of CPI data

CLOSING BELL: The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS

11:50 AM

BSE 500:: Top losers so far

RBL Bank has nose-dived over 17 per cent in trades so far and was the top loser among the BSE 500 stocks. Jindal Stainless, Swan Energy, Bajaj Finserv and Dishman Carbogen were few of the other major losers, down around 6 per cent each.

11:40 AM

BSE 500:: Top gainers so far

Rajesh Exports has zoomed nearly 7 per cent and was the top gainer among the BSE 500 stocks in an otherwise weak market. Johnson Controls Hitachi Air, Adani Transmission, Minda Industries and TTML were some of the other notable gainers so far on Monday.

11:32 AM

Sugar stocks down in tandem with market mood

11:28 AM

Rupee breaches 78 per dollar mark for the first time on global cues

The rupee started depreciating rapidly since Russia invaded Ukraine in late February. Read here

11:22 AM

Adani Green Energy up 1% on Rajasthan govt's solar power project

11:14 AM

NCLAT rejects Amazon's plea against CCI order, directs to deposit Rs 200 cr

The National Company Law Appellate Tribunal rejected Amazon's plea challenging the decision of CCI to suspend the approval for the e-commerce major's deal with Future Coupons. READ HERE

11:06 AM

CRYPTO VIEW: Bitcoin corrects 10% to hit lowest level in over 5 months

Bitcoin faced yet another significant correction, falling by over 10% and dropping to nearly $25,000, the lowest in over 5 months.

Interestingly, the Dollar Index(DXY) is also at a six month high, gaining 2% in the last day alone leading to a drop in the equity and crypto markets.

On the daily time-frame, the BTC trend has broken below the long formed triangle pattern.

An immediate and key support is expected at $24,000. The RSI dropped below 30 as Bitcoin entered the oversold zone. 

 

Ethereum corrected by over 20% over the past week.

Meanwhile, Ethereum against Bitcoin dropped by more than 11% in the same period as Bitcoin’s Dominance broke above the 48% for the first time in nearly a year.

The daily chart for ETH-BTC has broken below the descending channel pattern and fallen below its previous support of 0.055. The next support for ETH-BTC is expected at 0.038 level. 

Source: WazirX Trade Desk   

11:00 AM

Broader markets trade tepid; India Vix climbs 10%

Volatility index soars 10%

10:56 AM

Nifty Private Bank sheds nearly 4%; IDFC First Bank hits 52-week low

10:49 AM

Rupee falls to all-time low of 78.29 against US dollar in early trade

The rupee slipped 36 paise to its all-time low of 78.29 against the US dollar in early trade, tracking the strength of the American currency overseas as investors flocked to the safe-haven currency. READ HERE

10:38 AM

Oil prices slide on Beijing Covid warning, global inflation concerns

Oil prices slipped more than $2 on Monday as a flare-up in Covid-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand. READ HERE

10:31 AM

RBL Bank tumbles 18% on heavy volumes; stock hits record low

The Reserve Bank of India has approved R Subramaniakumar's appointment as the managing director & chief executive officer of the private sector lender. READ HERE

10:22 AM

MARKET CHECK: Sensex extends slide by over 1,550 points

10:18 AM

Sensex heatmap: Only 1 stock moves in green - Nestle India

10:12 AM

LIC slips 4% as anchor investor lock-in ends; down 28% from issue price

The state-owned insurance behemoth's share price was down 28 per cent over its issue price of Rs 949 per share. At the time of the IPO, retail investors were alloted shares at Rs 905 apiece, whereas, policyholders received allottment at Rs 889 per share. READ MORE