Sensex snaps 2-day winning streak, ends 187 pts lower; Nifty50 below 18,150

CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.

9:26 AM

Adani Enterprises, Hindalco slip nearly 2% each

 

 

9:24 AM

HDFC Life, Cipla, BPCL additional winners on Nifty

 

 

9:22 AM

HEATMAP: 9 of 30 Sensex stocks start in green; Axis Bank leads

 

9:18 AM

OPENING BELL: Nifty opens with 40 pts loss; holds 18,100

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9:16 AM

OPENING BELL: Sensex opens 130 points lower

 

9:09 AM

PRE-OPEN: Sensex heading for a weak start

 

 

9:09 AM

PRE-OPEN SESSION: Nifty50 falls below 18,150 levels, down 40pts

9:07 AM

Rupee opens at 81.35/$ against previous close of 81.44/$

9:03 AM

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

The crucial issue influencing equity markets globally is whether the US will succeed in containing inflation without falling into a recession. There is no consensus on this. When data indicate a possible recession, US markets go down and all other markets are impacted. Conversely, when data indicate the US economy dodging a recession, US markets go up triggering a rally in all other markets. This volatility will continue till there is clarity on the US recession issue. Early Q3 results indicate good performance by IT and banking. Bank Nifty is slightly weak on concerns of pressure from rising deposit costs. But the credit cycle is strong. IT numbers do not reflect recession fears. Trend indicates that the capital goods segment is strong.

8:57 AM

Bias for Nifty has turned bullish, look to buy on dips: Ravi Nathani

According to the technical analyst, the near-term trend for the Nifty has turned from rangebound to bullish as the index broke and closed above a previously identified resistance level on the charts. Read here

 

8:53 AM

T+1 transition's final leg litmus test for foreign investors' heavyweights

Industry experts are of the opinion that the success of the T+1 settlement cycle will hinge on institutional traders -both foreign as well as domestic. READ MORE

8:43 AM

Bullish trends dominant in run up month to Union Budget, shows report

With the Union Budget for 2023-24 just days away, there are chances that there could be volatility in the BSE benchmark, due to expectations of US Federal Reserve hiking rates. READ MORE

8:37 AM

High RM prices to dent HUL's Q3 margins, revenues may rise up to 14% YoY

Higher advertising spends coupled with inflationary pressures, analysts said, are likely to squeeze EBITDA margins up to 154 basis points (bps) YoY to 23.9 per cent in Q3FY23. READ MORE

8:30 AM

WATCH VIDEO | Which green hydrogen stocks should you keep an eye on?

8:22 AM

Stock to Watch: Adani Ent, IndusInd Bank, Coal India

Adani Enterprises: Adani Enterprises (AEL) has set a price band of Rs 3,112-Rs 3,276 per share for its Rs 20,000-crore follow-on public offering (FPO). Shares of the company last closed at Rs 3,595 on the BSE.

IndusInd Bank: Private lender IndusInd Bank on Wednesday reported a 58 per cent year-on-year (YoY) jump in consolidated net profit to Rs 1963.64 crore in October-December on the back of strong growth in net interest income. A sharp decline in provisions for bad loans also boosted the bank’s bottomline in Q3FY23. READ MORE