Sensex down for 4th day, dips 98pts; Nifty below 15,950; PSB, IT worst hit

CLOSING BELL: Axis Bank, HCL Tech, SBI, Tech M, TCS, Wipro, Infosys, and Ultratech Cement were the top large-cap laggards

3:37 PM

Closing Bell: Sensex gives up day's gains to end in red for 4th day

 

3:30 PM

European markets reel under pressure from US inflation shock

 

3:22 PM

ALERT :: Centre extends Rebate of State and Central Taxes and Levies scheme

>> Scheme extended till March 31, 2024 for export of apparel/garments

3:14 PM

MARKET CHECK: Sensex off day's lows; energy stocks lead recovery

3:01 PM

ALERT :: SBI hikes MCLR rate by 10 bps w.e.f July 15

>> Rate hiked for a year

2:59 PM

NMDC hits 52-week low on weak earnings concerns; declines 7% in three days

For the first quarter ended June 2022 (Q1FY23), NMDC reported a 20 per cent year on year decline in sales at 7.66 million tonne (MT). However, in the month of June, the company recorded a 40 per cent decline in sales at 1.9 mt compared with 3.18 mt in the same month last fiscal. READ MORE

2:45 PM

Strength and opportunity: What rupee going 'international' will mean

A fully internationalised currency such as the US dollar, can be used in the invoicing of trade in goods and services, as well as dividend payments, foreign directs investments and more. Such an arrangement requires a full convertibility of the currency on current as well as capital account transactions. READ MORE

2:44 PM

TVS Supply Chain Solutions appoints Tarun Khanna as independent director

TVS Supply Chain Solutions, part of the TVS Mobility Group on Thursday said Tarun Khanna as been appointed as an independent director to its Board. Read here

2:35 PM

Pharma stocks gain mildly in a weak market; Sun Pharma up 2%

2:26 PM

IT stocks bleed; Wipro, TCS, HCL Tech hit 52-week lows

2:23 PM

Oil prices fall ahead of potential large US rate hike, possible inflation

Oil prices have tumbled in the past two weeks on recession concerns despite a drop in crude and refined products exports from Russia amid Western sanctions and supply disruption in Libya. READ MORE

2:13 PM

BSE 500:: Volume Shockers

eClerx Services has witnessed unusually high volume of around 10,200-odd shares on the BSE as against its five-day average volume of around 806-odd shares. Similarly, Sanofi India, Orient Electric, Centruy Plyboard and CCL Products have also witnessed a significant spike in volume in trades so far on Thursday.

2:06 PM

Q&A | Looking at domestic flows, peak pessimism hasn't reached yet: ICICI Sec CIO

Elevated inflation is a major concern, leading to front-loading of the monetary policy. Supply-chain concerns are at the core of sticky inflation, exacerbated by the Russia-Ukraine war. With China opening up, we expect some relief from inflation, along with recent corrections in commodities. READ INTERVIEW HERE

2:04 PM

S&P BSE Sensex near day's low, down nearly 200 points

1:57 PM

US inflation impact: Global recession fears to cool WPI inflation in India

Wholesale price inflation in India will dampen as 40-year high retail price inflation in the US, stoking fears of global recession via expected further monetary tightening by the Federal Reserve. The impact of global factors on retail price inflation will come with a lag effect. READ MORE