Sensex falls for 3rd day, dips 303 pts; Asian Paints sinks 8%; IT index 3%

CLOSING BELL: The broader markets, meanwhile, bled more with the BSE SmallCap index sliding nearly 3 per cent, and the BSE MidCap index falling close to 2 per cent

12:52 PM

Fertiliser stocks under pressure, slump more than 10%

Chambal Fertiliser and Coromandel International tanked 8.3 per cent and 7.4 per cent, respectively.

12:42 PM

IT stocks on slippery ground; Mindtree, MphasiS slump over 6%

Major IT stocks - TCS and Infosys were down 2.8 per cent and 1.6 per cent, respectively.

12:33 PM

Asian Paints, Berger Paints slip 6% after Grasim doubles capex plan

Shares of paint companies were under pressure as Asian Paints and Berger Paints fell 6 per cent in Wednesday's trade, after Grasim Industries doubled the capital expenditure (capex) for its foray into the paints business to Rs 10,000 crore. READ MORE

12:24 PM

Asian Markets Update:: A mixed day

Source: Yahoo Finance

12:17 PM

BSE 500:: Top losers so far

Chambal Fertilisers has dropped 9.5 per cent so far in trades. Welspun Corp, Macrotech Developers, Birlasoft and Vardhman Textiles were the significant losers.

12:07 PM

BSE 500:: Top gainers so far

Aster DM Health has zoomed nearly 12 per cent. Minda Indutries, Bayer Crop Science, Brightcom Group and TCI Express were the other major gainers so far.

11:54 AM

BSE Sensex 30 Heatmap:: Asian Paints tanks 6%, IT stocks on slippery ground

11:43 AM

Sensex slips marginally into red, down 50-odd points

11:35 AM

Govt exempts customs duty on soybean, sunflower oil; AWL, Ruchi Soya dip 5%

The government on Tuesday exempted customs duty and the agri cess on importing 2 million tonnes of soybean and sunflower oil per year. READ MORE

11:28 AM

After FII, will retail investor flows into equity market also shrink?

Over past decade, strong retail flows have coincided with declining / low deposit rates, said analysts at Jefferies, who expect the deposit rates to go above the 7 per cent level with a lag. Read more

Illustration: Ajay Mohanty

11:18 AM

New Zealand raises interest rates 50 bps, signals more aggressive hikes

Wednesday's move was the second successive 50 basis point increase in the OCR. The rate has now risen by 1.75 percentage points since the tightening cycle started in October. It projected that the cash rate would rise to near 4.0% in the second half of next year and would remain there into 2024. READ MORE

11:10 AM

Likely reduction in steel prices to offer relief to auto, consumer durables

The government’s recent move to reduce the import duty on some key raw materials used in the manufacturing of steel while imposing a levy on the export of these inputs, has come as a relief for automakers and consumer durable firms. The move is likely to cool off steel prices in the months ahead. Read here

11:03 AM

LIC to declare Q4 financial results and consider dividend next week

The board of directors of the state-owned Life Insurance Corporation of India (LIC) is scheduled to meet at the end of this month to declare the financial results for the fiscal year ended March 2022. Read here

10:56 AM

After JP Morgan, Nomura downgrades IT sector; stocks under pressure

10:48 AM

JSW Energy to seek shareholders' nod to raise up to Rs 5,000 crore

Shares of JSW Energy were marginally down at Rs 309.35 apiece in early trade on BSE. Read here