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

9:21 AM

Opening bell: Barring Nifty IT, all sectors off to a positive start

9:20 AM

Opening bell: Only 6 Sensex stocks sulk in negative territory

9:17 AM

Opening bell: Nifty 50 opens above 16,150 levels

9:16 AM

Opening bell: Sensex advances over 200 points

9:10 AM

Sensex heatmap at pre-open session

9:07 AM

Pre-open session: Over 150 points upmove for Sensex

9:05 AM

Pre-open session: Nifty 50 marches above 16,150 levels

9:03 AM

Currency at open: Rupee opens 6 paise stronger at 77.52 per dollar

9:00 AM

Pre-open view: Investors need to exercise caution amid volatility

According to the SGX Nifty and global trend, the Indian market will open higher.

The US stock market was trading lower. The Nasdaq fell 2.35 percent on additional pressure in technology stocks following a poor outlook from social media platform Snap which sent shares down as much as 40%, putting the company on track for its worst one-day plunge on record.

Global equity markets have been turbulent as investors analyse the future for monetary policy, inflation, and the impact of China's tough capital controls.

Investor sentiment is unstable, with foreign institutional investors pulling out of Indian shares due to a global collapse, rising inflation, and impending central bank tightening.

In these situations, investors should exercise caution and take advantage of any declines in fundamentally sound companies.

 

Immediate support and resistance for Nifty are 16,000 and 16,400 respectively. Immediate support and resistance for Bank Nifty are 34000 and 35,000 respectively.

Views by Mohit Nigam, Head - PMS, Hem Securities for Wednesday May 25

8:55 AM

12 Indian firms at higher risk of downgrade amid rising inflation: Fitch

The Indian utilities and oil & gas sectors, along with Chinese homebuilding, stand out with a high proportion of corporates assessed with a 'low' rating headroom. Read more

8:51 AM

Earnings Watch: Apollo Hospitals, Bata India, BPCL, Coal India

Apollo Hospitals, Bata India, BPCL, Coal India, Deepak Fertilisers, Delta Corp, Whirlpool, among others set to release Q4 results today.

8:48 AM

4 Future Group companies to not release results for Jan-March quarter

In April, Future Enterprises Ltd's two independent directors Anand Chndrasekaran and Malini Chopra had resigned. Read more

8:46 AM

Stocks on radar today: Adani Ports, Strides, Metropolis, RITES, Zee, Balrampur

Sugar and FMCG stocks likely to be in focus as govt limits sugar exports and exempts customs duty on agri cess. Apollo Hospitals, Bata, Coal India and Nalco to report results. Read more

 

8:45 AM

Vinay Rajani recommends buy on dips strategy, Nifty support seen at 16,000

The technical analyst from HDFC Securities recommends buying Kotak Bank and Transport Corporation of India basis on charts. Read here

8:44 AM

ALERT: New Zealand hikes interest rates by 0.5%