FMCG, select banks help Sensex, Nifty snap 5-day losing streak; Metals dip

CLOSING BELL: Nestle, Titan, Hindustan Unilever and Asian Paints were the major gainers among the Sensex-30 pack; while Tata Steel, IndusInd Bank and Bharti Airtel were the top losers.

9:18 AM

Opening Bell :: Nifty stays below 16,950

9:17 AM

Opening Bell :: Sensex drops 100 pts

9:12 AM

Commodity Heatmap :: Crude futures up 1% on MCX, Gold down 0.7%

9:09 AM

Pre-Open Session :: Nifty below 17,000

9:08 AM

Pre-Open Session :: Sensex down less than 30 pts

9:03 AM

Currency check :: Rupee opens lower at 82.74/$ vs Wednesday's close of 82.60/$

9:00 AM

Swiss central bank throws lifeline to Credit Suisse after shares pummelled

In a joint statement, the Swiss financial regulator FINMA and the nation's central bank sought to ease investor fears around Credit Suisse, saying it "meets the capital and liquidity requirements imposed on systemically important banks." They said the bank could access liquidity from the central bank if needed. READ MORE

8:57 AM

Stock exchanges freeze promoter shareholding of Patanjali Foods

“The company had to increase its public shareholding from 19.18 per cent to 25 per cent and while management of the company was discussing various means and methods for increasing its public shareholding, in the meantime, the company received an email from the stock exchanges freezing the shareholding of the promoters and promoter group,” Patanjali Foods said in a stock exchange notification. READ MORE

8:53 AM

ITC's diversification into non-cigarette biz shows critical mass in profits

Some failed, some faltered, some were transformational, adding steadily to the top line. Now those efforts are making a difference: margins from non-cigarettes — FMCG, hotels, agri, paperboards, paper and packaging — are expanding and profits are kicking in more significantly than ever before. READ MORE

8:49 AM

Brent crude oil slides to below one-year low, gold climbs over 1%

Brent crude fell $3.20, or 4.1 per cent, to $74.25 a barrel after touching $74.01 for its lowest since December 2021. US West Texas Intermediate crude was down $2.86, or 4 per cent, at $68.47, having also hit its lowest since December 2021. READ MORE

8:45 AM

Stocks to watch: JSW Energy, Federal Bank, Zuari Inds, Titagarh Wagons

Future Retail: Kishore Biyani withdrew his resignation after resigning from the suspended board of the company for nearly a month and half. The Resolution Professional of Future Retail (FRL), which is going through insolvency resolution process, raised objections to the contents of Biyani's resignation letter and requested him to recall it.

 

Patanjali Foods: The stock exchanges have frozen promoter holding of Patanjali Foods after the company failed to meet 25 per cent public shareholding within a time frame. Currently, the promoter-backed in the stake comprises of 80.82 per cent. READ MORE

8:41 AM

Tech View :: Nifty Bank, Private Bank indices bearish on charts

Given the current volatility in the market, it is advisable for bulls to exercise caution and only participate in trading when the Private bank index is trading around support levels. These levels would be considered as oversold status on technical oscillators such as the Relative Strength Index (RSI), Stochastic, and Williams %R. READ MORE

8:36 AM

DIIs cushion FPI selling with purchase of Rs 1,823.94-crore worth of equities

8:33 AM

FIIs, FPIs stay cautious, sell equities worth Rs 1,271.25 crore on Wednesday

8:29 AM

Commodity check :: Oil prices retreat on financial crisis fears, Brent stays below $75/bbl