Sensex ends volatile day 135 pts lower, Nifty below 15,300; Titan drops 6%

CLOSING BELL: Bajaj twins, Coal India, JSW Steel, Apollo Hospitals, ITC, ICICI Bank, RIL, and HDFC Bank were the top Nifty gainers, rising between 0.8 per cent and 3 per cent

9:23 AM

Barring Nifty Metal, all sectors in negative territory

9:21 AM

Opening bell: Only 5 Sensex stocks open positively

9:19 AM

Opening bell: Sensex drops over 350 points

9:18 AM

Opening bell: Nifty50 opens below 15,300 levels

9:08 AM

Pre-open session: Only 4 Sensex stocks move in green

9:07 AM

Pre-open session: Sensex falls over 400 points

9:06 AM

Pre-open session: Nifty50 slips below 15,200 levels

9:05 AM

Currency at open : Rupee strengthens by 4 paise; opens at 78.028/$

Rupee strengthens by 4 paise

9:00 AM

Pre-open view: Crucial support for Nifty at 15,000

Benchmark indices are expected to open on a positive note as trends on SGX nifty indicate an opening with 47 points gain.

India's stock indices declined over 2 percent to their lowest close in 13 months as a relief rally earlier in the day, following the US Fed's overnight interest rate increase of 0.75 percentage point, fizzled out.

US stock indices closed sharply lower on Thursday in a broad sell-off as recession fears grew following moves by central banks around the globe to stamp out rising inflation after the Federal Reserve's largest rate hike since 1994. 

Also,  the selloff in the digital-asset space accelerated Thursday, with losses in US equities also snowballing. Crucial support for Nifty 50 is 15,000 while Nifty may face some resistance at 16,300.

Views by Mohit Nigam, Head - PMS, Hem Securities

8:58 AM

Stocks on investor watch: Telecom, Aviation, Tata Motors, HDFC, Glenmark Pharma

Stocks to watch today: Tata Motors UK subsidiary JLR is likely to halt production due to supply disruption and chip crunch; Aviation stocks in focus after jet fuel prices hiked by 16 per cent. Read here

8:56 AM

F&O Strategy: Nandish Shah recommends Bear Spread strategy on DLF

The technical analyst from HDFC Securities recommends buying DLF June 300 Put and simultaneously selling 280 Put. Read more

8:52 AM

Stocks in F&O ban: IndiaBulls Housing Finance, RBL Bank, Delta Corp remain

8:49 AM

Global update: Bank of England raised rates by 25 bps Thursday

⚠️BREAKING:

*BANK OF ENGLAND RAISES INTEREST RATE BY 25BPS TO 1.25%

8:46 AM

Higher prices of natural gas take the steam out of gas utility stocks

However, despite the likely pressure on volumes and margins, and having cut earnings estimates, most analysts are positive on the natural gas sector. Read here

8:43 AM

First tranche of 2022-23 gold bonds to open for subscription on June 20

The RBI further said that the second tranche (2022-23 Series II) will be available for subscription during August 22-26, 2022. Read here