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

MARKET LIVE: Sensex off day's low, down 1,450 pts; Nifty50 below 15,800

<b>CLOSING BELL<br />
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Stock market highlights:&nbsp;</b>A global rout in world equities engulfed Indian stocks on Monday as investors across the world shunned risky assets. Meanwhile, bond yields rose and emerging markets&#39; currencies hit fresh lows against the US dollar.<br />
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The havoc comes after after May&#39;s US inflation print, at a 40-year high of 8.6 per cent, reignited fears that central banks will be forced into aggressive monetary policy tightening. The US Fed, Bank of England, and Bank of Japan are slated to announce their respective interest rate decisions this week.<br />
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	Against this backdrop, the S&P BSE Sensex plunged 1,776 points intra-day before closing at 52,847, down 1,457 points or 2.68 per cent. The Nifty50, on the other hand, fell 427 points, or 2.64 per cent, to settle at 15,774. The index touched a low of 15,684 in intra-day trade.</div>
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	Nestle India was the only Nifty50 company that ended 0.5 per cent higher. The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS. All these stocks fell between 4 and 6.7 per cent.</div>
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	In the broader markets, the Nifty MidCap 100 and SmallCap 100 declined 2.9 per cent and 3.8 per cent, respectively. Sectorally, all the indices sunk on the NSE with the Nifty IT and Media indices sliding 4 per cent each, and the Nifty Bank tanking over 3 per cent</div>

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

Business Standard

Sensex down 1457pts, Nifty gives up 15800 on global rout, ahead of CPI data | News on Markets - Business Standard

Broader market :: BSE MidCap index falls over 2%

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Sector check :: All indices reel under pressure; financials worst hit

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HEATMAP :: 28 of 30 constituents drop in early deals

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OPENING BELL :: Sensex tumbles over 1,200 pts

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Commodity check :: All constituents begin on a tepid note

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Sensex Heatmap :: Bloodbath on D-St in pre-open

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PRE-OPEN SESSION :: Nifty eyeing an open near 15,800

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PRE-OPEN SESSION :: Sensex tanks nearly 1,000 pts

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Currency at open : Rupee hits all-time low of 78/$; opens 28 paise weaker

CPI data today: Fuel duty cuts likely to help ease retail inflation by up to 25 bps

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	But experts call for other fiscal measures too to bring inflation down. <a href="https://www.business-standard.com/article/economy-policy/fuel-duty-cuts-likely-to-help-ease-retail-inflation-by-up-to-25-bps-122052300009_1.html?1655090847" target="_blank"><strong>Read more</strong><br />
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Top stocks on radar: M&M, IDBI Bank, Dhanlaxmi Bank, Adani Green, RBL Bank

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	<strong>Defence stocks</strong>: The Indian Air Force plans to acquire 114 fighter jets of which 96 would be built in India and rest 18 would be imported from a foreign vendor chosen for the project, giving impetus to India&rsquo;s &lsquo;Make in India&rsquo; initiative.&nbsp;</div>
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	<strong>Mahindra &amp; Mahindra</strong>: The company will set up their first greenfield project in Mohali near Punjab. The expansion is a first after a decade by the world&#39;s largest tractor maker, on the back of strong domestic demand.</div>
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	<strong>IDBI Bank</strong>: According to reports, the Reserve Bank of India (RBI) is unlikely to grant any special dispensation to the new buyer of IDBI Bank over the post-acquisition glide path for reducing promoter shareholding in the long term. Besides this, the request to remove the voting rights cap for promoters at 26 per cent was also declined by the RBI. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-m-m-idbi-bank-dhanlaxmi-bank-adani-green-rbl-bank-122061300096_1.html" target="_blank"><strong>Read more</strong><br />
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Dashed peak inflation hopes spell more pain for US stocks and bonds

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	With markets now betting policymakers will hike rates by at least 50 bps in their next three meetings, expectations of a less hawkish Fed are fading and investors believe more declines are on the way. <a href="https://www.business-standard.com/article/international/dashed-peak-inflation-hopes-spell-more-pain-for-us-stocks-and-bonds-122061200768_1.html" target="_blank"><strong>Read here</strong><br />
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DIIs hold ground: Buy Rs 2831 crores of equities Friday

FPIs continue selling: Sell Rs 3,974 crores of shares Friday