Sensex ends near day's low, dips 435pts; Nifty below 18K; HDFC Bank down 3%

CLOSING BELL: Mixed global cues, rising bond yields globally, and an uptick in oil prices also dented the sentiment

1:08 PM

NEWS ALERT :: US FDA concludes inspection at Tarapur manufacturing facility

>> The inspection was carried out between March 22, 2022 and April 4, 2022.

>> The inspection closed with four observations. 

Source: BSE filing

12:59 PM

Cost savings, higher volumes and lower valuations strengthen JSPL outlook

In the near term, JSPL has won contracts in Europe filling the gap caused by Ukraine War. In the longer term, it hopes capacity expansions will boost volumes, making up for possibly lower realisations. READ MORE

12:51 PM

World Bank says war shocks to drag on Asian economies in coming months

Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months, says the World Bank. READ MORE

12:40 PM

Over half of Nifty500 stocks trade above 200-DMA; analysts see more upside

After slipping nearly 12 per cent from its peak to 15,671 amid geopolitical concerns and crude oil surge in mid-January 2022, the Nifty 50 reclaimed the 18,000 mark on Monday. The strong momentum has taken nearly half of the Nifty500 stocks above their respective 200-day moving average (DMA). And if analysts are to be believed, there is room for more upside, albeit amid intermittent corrections. READ MORE

12:32 PM

Gold price slips as US dollar holds firm on safe-haven flows

The dollar index was little changed after three straight sessions of gains as talks of further sanctions against Moscow increased. READ MORE

12:17 PM

Auto shares rally:: Tata Motors lead

Tata Motors, Eicher Motors, Ashok Leyland and Hero MotoCorp were the prominent gainers. SML Isuzu rallied more than 7 per cent in the second trading session post price hike.

12:10 PM

Yes Bank's loan book expands by 8.8% to Rs 1.81 trillion in FY22

The disbursements of retail loans were Rs 10,324 crore in the fourth quarter (Q4FY22), up from Rs 7,530 crore in Q4FY21. Sequentially, retail credit disbursements were up from Rs 9,313 crore in the third quarter ended December 2021 (Q3FY22), the bank informed BSE. READ MORE

12:04 PM

Alcholic Beverages shares in demand, Globus Spirits up 4.4%

Shares of alcholoic beverages were in demand with likes of Globus Spirits, IFB Agro and Khoday India, up 4-6 per cent each.

11:57 AM

BSE 500:: Top Losers so far

Ruchi Soya, SBI Cards, Ratnamani Metals, HDFC Bank and Godrej Agrovet were few of the prominent losers among the BSE 500 stocks so far.

11:50 AM

Explained: Why Bharat Petroleum Corp divestment is on the slow track

Delays in due diligence, policy opacity and now the Ukraine crisis have brought the process to a near-standstill. READ MORE

11:40 AM

Tata Motors extends gain on healthy volumes in March

With government's thrust on infrastructure, private capex cycle revival and need for personal mobility, analysts expect PV and CV space, in particular, to witness healthy pick-up in sales volume. READ MORE

11:34 AM

LIC IPO: Govt may increase allotment size to align offer with Sebi's rules

The market regulator has approved LIC's updated draft red herring prospectus (DRHP), paving the way for the Centre to file the red herring prospectus (RHP) for India's biggest IPO. READ MORE

11:26 AM

BSE 500:: Top Gainers so far

Dilip Buildcon was locked at the 20 per cent upper limit; IOL Chemicals, GMM Pfaudler, Metropolis Healthcare, Avanti Feeds and Swan Energy were the other major gainers.

11:17 AM

Bharat Electronics to gain from strong order book, new opportunities

The provisional March quarter (Q4FY22) and FY22 sales of defence electronics major Bharat Electronics were marginally lower than estimates. The company reported an 8.5 per cent growth in sales for FY22 and a 9 per cent y-o-y decline in the March quarter. The full year sales performance missed the company’s guidance of 10-12 per cent growth largely due to sluggish project execution in the March quarter. READ MORE

11:08 AM

Oil prices up, Asian shares slip after tech rally on Wall Street

Shares fell Tuesday in Asia and oil prices advanced after a tech-driven rally on Wall Street. Trading was light with many regional markets including those in China closed for holidays. READ MORE