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Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%

CLOSING BELL: Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers

Image SI Reporter New Delhi
Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%

2:43 PM

Market Check:: S&P BSE Sensex 30 at day's low, down over 500 points

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2:33 PM

Global Check:: US, UK stock futures decline around a per cent

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Source: Investing.com

2:22 PM

BSE 500:: Stocks recovering smartly from the lows of the day

Star Cement has gained more than 6 per cent from its lows of the day so far. Similarly, Kalpataru Power, PCBL, Route Mobile and VST Industries some of the other prominent movers among the BSE 500 stocks on Tuesday. VIEW MORE

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2:10 PM

Star Cement hits 52-week high on heavy volumes; stock up 30% in 3 months

Shares of Star Cement surged 7 per cent to hit a 52-week high of Rs 113.60 on Tuesday’s intra-day trade, in an otherwise a weak market. The company is the leading cement company in the North-Eastern India and one of the fastest-growing cement players in the industry. READ MORE

cement
1:59 PM

Pricing hurdle may hit Hero MotoCorp's entry into EV segment: Brokerages

Hero MotoCorp’s first electric two-wheeler launch failed to enthuse investors. The stock shed about two per cent in trade on Monday and was among the top losers in the Nifty50 stocks. Brokerages believe that pricing of the product, which is at a premium to peers, low volumes expected post its launch in December is unlikely to have any impact on earnings for FY23. They have thus retained their estimates for the current year. READ MORE

Photo: Bloomberg
1:49 PM

Sensex 30 Heatmap:: Asian Paints, Axis Bank shine in a falling market

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1:39 PM

FMCG companies may see price hike-led revenue growth In July-September

Revenues of fast-moving consumer goods companies are expected to continue rising on the back of price increases in the July-September quarter. However, volumes are expected to remain under pressure due to grammage reduction, inflation and slowdown in rural demand. READ MORE

fmcg, sales, technology, supermarket, stores, bazaar, essentials, products, market


1:28 PM

Smooth sailing for shipbuilders in choppy markets; up to 27% upside likely

Shares of shipbuilding companies have been hogging the limelight for the past few sessions as they smartly outperformed the benchmark indices. Despite the Indian equities going through a rough patch, largely due to interest rate hikes by the US Federal Reserve, strength in the US Dollar, and the Russia-Ukraine conflict, the shipbuilding stocks have roared with whopping gains. READ MORE

Mazagon Dock Shipbuilders
 

1:19 PM

BSE 500:: Top losers so far

India Cements down over 7 per cent was the top loser among the BSE 500 stocks so far. Mazagon Dock, Divi's Lab, United Spirits and Suzlon Energy were the other major losers on Tuesday. VIEW MORE

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1:08 PM

AMCs to freeze non-PAN card MF portfolios from April 2023, says AMFI

From April 2023, investors will not be able to invest in mutual fund folios that are not linked to their PAN card, the Association of Mutual Funds in India (Amfi) has said in a notification. READ MORE

mutual funds

12:57 PM

Asian Markets Update:: Hang Seng, Nikkei drop 2%; Taiwan slumps 4%

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Source: Yahoo Finance

12:44 PM

BSE 500:: Top gainers so far

Kalpataru Power soared 5 per cent was the top gainer among the BSE 500 stocks so far on Tuesday. It was followed by Star Cement, Shipping Corporation of India (SCI), Route Mobile and PCBL. VIEW MORE

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12:35 PM

War, looming rate hikes hoist dollar, gilt wipeout hits Treasuries

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.7% to a two-year low, led by a deepening slide for chipmakers and China tech stocks in the wake of U.S. export curbs aimed at hurting Chinese technology development. Japan's Nikkei dropped 2%. The risk-sensitive Australian and New Zealand dollars hit 2-1/2 year lows. READ MORE

12:22 PM

This rail-related stock has zoomed 107% in 5 months; hits 15-year high

Kernex Microsystems is engaged in the manufacture, and sale of safety systems, and software services for railways. The stock was trading at its highest level since October 2007. Moreover, it inched towards its all-time high level of Rs 363, which it had hit on December 20, 2005. READ MORE

12:10 PM

Opportune time to stock up on gold as global inflation surges, rupee falls

Nevertheless, a global scenario of persistent inflation should result in greater demand for gold, and eventually drive up prices. Due to the pandemic followed by the Ukraine War and repeated lockdowns in China, supply chains are likely to be disrupted for an extended period, and there is uncertainty about supply of essential commodities ranging from energy to the food basket to industrial metals. That means persistent inflation and this is the base case for buying gold.

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First Published: Oct 11 2022 | 8:05 AM IST