Sensex falls for 5th straight day, ends 344 pts down; Nifty breaks 17,000

CLOSING BELL: The Nifty 50 ended below the 17,000-mark for the first time since October 11, 2022. The NSE benchmark has now shed 630 points in the last five trading sessions.

3:38 PM

Sectoral trends :: Metal index leaps 2% as China plans production cuts, all other indices largely lower

3:36 PM

Sensex Heatmap :: 9 index stocks eke out gains; Asian Paints, Tata Steel buck trend

3:35 PM

CLOSING BELL :: Nifty breaks below 17,000

3:34 PM

CLOSING BELL :: Sensex drops for 5th day amid SVB fallout, ends over 300 pts down

3:21 PM

BSE 500:: Swan Energy, SPARC, Brightcom Group among top losers

Swan Energy tumbled 11.5 per cent and was the top loser among the BSE 500 stocks. SPARC, Brightcom Group, Phoenix Mills and Network 18 Media down 4 - 5 per cent each were the other major losers so far on Wednesday.

3:19 PM

Sectoral check :: Most indices reverse gains; Metal, Pharma indices buck weakness

3:14 PM

ALERT :: Sensex cracks nearly 350 pts

3:04 PM

MARKET CHECK :: Nifty gives up 17,000 intra-day

>> 27 stocks decline, while 23 advance

>> Airtel, Nestle India, HUL, IndusInd Bank, and RI trade as top laggards

2:51 PM

Technocraft Industries hits record high; stock zooms 40% in 5 weeks

Last month, Technocraft had bought 1.5 million equity shares at a price of Rs 1,000 per share via buyback offer through tender route. READ MORE

2:40 PM

SVB fallout :: Exposure to revenues from US regional banking clients is very limited, clarifies Coforge

>> The company said, we do not see current market events in any manner impacting our performance. We remain consistent with commentary provided during the last investor call around our performance outlook and continue to target robust growth.

2:32 PM

News Alert:: LIC cuts stake in NMDC by 2%

LIC has recuded holding in NMDC from 13.70 per cent to 11.69 per cent during the period December 12, 2022 to March 14, 2023 through open market sale at an average price of Rs 119.37 per share, the company said in a release.

2:21 PM

FPIs seek six more months from FinMin to comply with PMLA tweaks

Foreign portfolio investors (FPIs) are likely to seek from the finance ministry a six-month extension of the date for complying with the amendments to the Prevention of Money-Laundering Act (PMLA), citing implementation challenges. READ MORE

2:20 PM

ALERT :: China plans to cut steel output for third straight year, reports Bloomberg

>> Move is aimed to achieve climate goals

>> Nifty Metal Index trades as top sectoral gainer

2:10 PM

Global Check:: Hang Seng, Kospi log strong gains in Asia trade

Source: Yahoo Finance

1:57 PM

SVB says Goldman Sachs was the buyer of portfolio it booked losses on

The loss on the portfolio was the reason SVB, a technology-focused lender known as Silicon Valley Bank, attempted a $2.25 billion stock sale last week using Goldman Sachs as an adviser. READ MORE

Photo: Bloomberg