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

9:07 AM

Commodity Check :: Crude falls over 1% on MCX in early deals

9:06 AM

Pre-Open Session :: Nifty may hover around 17,250 at Open

9:04 AM

Pre-Open Session :: Sensex eyes positive start

9:02 AM

CURRENCY CHECK | Rupee opens 3 paise weaker at 82.35/$

8:59 AM

Stocks to watch: TCS, Ashok Leyland, AU SFB, Adani Ports, NMDC, IDBI Bank

Stocks to watch today: TCS reported an 8 per cent rise in consolidated net profit to Rs 10,431 crore in Q2FY23; AU SFB re-appointed R V Verma as its non-executive chairman. READ MORE

8:53 AM

MARKET COMMENT: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

The global environment continues to be weak for markets with concerns of a US recession and possible hard landing rising. Clarity is yet to emerge on this. India’s market outperformance continues with Nifty declining less than 0.5 % yesterday in response to near 4% cut in Nasdaq on Friday. A significant factor contributing to this outperformance is that FII selling is getting completely absorbed by DII and retail buying. So even if FIIs continue to sell on rising dollar and US bond yields, that is unlikely to have a significant impact on markets. More important, the fundamentals of the Indian economy and corporates continue to be sound. The Q2 results season has started off well with decent numbers from TCS which have beaten street estimates on most parameters. This and the news of buy back from Infosys will impart resilience to the IT segment. Financials too will come out with good numbers imparting strength to the market in the near-term.

8:51 AM

TCS to hire additional 10k-12k freshers in current year amid 21% attrition

"Attrition will need at least four quarters to come down to 20%. But the overall number of people leaving the company will come down significantly," said Milind Lakkad, Chief HR Officer of TCS. READ MORE

8:47 AM

Mehul Kothari recommends Buy on CAMS, Pfizer; Check Why

According to the technical analyst from Anand Rathi, CAMS can rally to Rs 2,700, while Pfizer can be bought for a target of Rs 4,700. READ MORE

8:44 AM

Foreign manufacturers need FSSAI nod from Feb 1 for milk, meat exports

Food regulator FSSAI has made it mandatory for foreign food manufacturing facilities to register with it for exporting products such as meat, milk and infant foods to India. READ MORE

8:41 AM

WATCH VIDEO | Will Indian bond markets succumb to global sell-off?

Bull market in global bonds has come to an end. As strong labour markets in the US suggest more rate hikes, will Indian bonds break under the mounting global pressure? Let’s find out. WATCH VIDEO

8:35 AM

Gold prices fall by Rs 270; silver down by Rs 1,300, trading at Rs 59,500

In Mumbai and Kolkata, 24-carat gold is selling at Rs 51,930 per 10 gram. READ MORE

8:33 AM

COMMODITIES CHECK | Brent crude slides marginally, at $95 per barrel

source: oilprice.com

8:30 AM

DIIs buy Rs 2,137 crore worth of equities on October 10

8:27 AM

FIIs sell Rs 2,139 crore worth of equities on October 10

8:24 AM

SGX Nifty signals flat start to trade