Sensex ends 365pts lower, Nifty holds 16,300; RIL cracks 4%, Infy gains 2%

The broader markets ended with deeper losses, with both the BSE Midcap and Smallcap indices down over 1.5 per cent each; the breadth too at 2:1 was in favour of the bears.

10:33 AM

Rupee depreciates 52 paise to all-time low of 77.42 against US dollar

At the interbank foreign exchange, the rupee opened at 77.17 against the American dollar, then lost ground to quote at 77.42. READ MORE HERE

10:25 AM

Decent debut for Campus Activewear; lists 22% higher against issue price

The stock opened at Rs 355, 22 per cent higher against issue price of Rs 292 on the BSE. READ MORE HERE

10:20 AM

MCX Gold likely to consolidate; Silver futures trade with a negative bias

The MCX Silver July futures are currently trading below all its key moving averages; similarly, MCX Gold futures need to break above Rs 51,870 for further up move to emerge. Read more

10:11 AM

EXPERT VIEW: Markets clouded by risk-off sentiment

Hawkish stance by the Fed, rate hikes by RBI, Bank of England and Australian central bank have created an atmosphere of risk-off for equities.

We don't know how long this will last. Nifty corrected by 3.9 per cent last week, but investors should not commit the mistake of aggressively buying on this dip assuming that prices have corrected a lot.

Even after the correction, Nifty is trading at around 19 times FY23 earnings.

This is higher than the long-term average of 16 times and certainly not buyable valuation, particularly when equity markets globally are facing many headwinds like risk of growth slowdown, Ukraine war and supply chain disruptions caused by stringent lockdown in China.

However, long-term investors may start nibbling at high quality stocks in segments like financials where there is valuation comfort.

 

Views by V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

10:03 AM

Campus Activewear lists at 22% premium on BSE over issue price

The stock got listed at Rs 355 on the BSE vs issue price of Rs 292

9:59 AM

ALERT: HDFC Bank hikes MCLR rate by 25 bps across loan tenures

 

source: CNBC-TV18

9:53 AM

Reliance Industries falls 3% post March quarter results; slips 9% in 6 days

RIL reported a consolidated net profit of Rs 16,203 crore for Q4FY22, up 22.5 per cent over the year-ago period's Rs 13,227 crore but slightly short of expectations. READ MORE HERE

9:47 AM

UPL, Power Grid, Infosys top Nifty 50 leaders

9:44 AM

Equitas Holdings gains after RBI approves merger with Equitas SFB

9:40 AM

DCB Bank spurts over 4% after strong Q4 results

9:35 AM

Tata Power sinks over 8% despite strong Q4 results

9:34 AM

Jet Airways flies nearly 5% after MHA grants security clearance

9:31 AM

RIL sheds over 2% after Q4 misses estimates

9:25 AM

Opening bell: Tech Mahindra, Hindalco, IndusInd Bank top Nifty 50 losers

9:23 AM

Opening bell: Broader markets muted; India Vix spikes above 4%