Stock Market Highlights: Sensex ends 456 points lower after a choppy session

Stock Market Highlights on Tuesday, April 16: Exide Industries, Titagarh Wagons, GE Shipping, Cochin Shipyard, Radico Khaitan and GSPL were among the top smallcap gainers

10:06 AM

China's crude throughput up 1.3% in March, oil production at highest

China's oil refinery throughput rose in March as refiners stepped up runs amid signs of a tentative economic recovery in the world's second largest consumer of crude.

Total refinery throughput was 63.78 million metric tonnes, data from the National Bureau of Statistics (NBS) showed on Tuesday. That was equivalent to 15.09 million barrels per day (bpd), up from 14.45 million in the January-February period. Read more

9:49 AM

LTI Mindtree, Coforge shed up to 2.7% on NSE

9:33 AM

Jio Fin Services jumps 4% on announcing new wealth management, broking venture

9:28 AM

Banks, IT lead sectoral losses on NSE

9:25 AM

Broader market check

9:23 AM

Nestle India, Titan and Tata Steels top gainers on Nifty 50

9:21 AM

NTPC, Bajaj Finance top losers on Sensex

9:20 AM

Nifty slumps 130 points at 22,142

9:18 AM

Sensex opens in red, down 500 points

9:10 AM

Rupee depreciates 7 paise at Rs 83.51

9:07 AM

Pre-open: Nifty down 160 points holds 22k

9:04 AM

Pre-open: Sensex slips 420 points at 72,978

9:01 AM

Should FPIs be worried about latest change to India-Mauritius tax treaty?

" This change the in the treaty means that benefits of lower taxation as available under the treaty can be denied to investors investing via Mauritius if one of the primary purposes of investing via Mauritius was to obtain a tax Benefit. Investment via the Mauritius route were already on the decline and this step will further ensure that only those funds which can prove legitimate business reasons to be based out of Mauritius, will choose to invest through that jurisdiction," said Pallav Pradyumn Narang, Partner, CNK READ MORE

8:57 AM

Market Strategy :: Sectors to focus on as markets likely to stay weak in near-term

Triggers for markets:

1) The economic factor is the rising US bond yields (10-year yield is above 4.6% ) which reduces the prospects of rate cuts by the Fed this year. High bond yields are negative for risky assets like equity and will accelerate FII selling in emerging markets like India.

 

2) Israel’s military chief’s statement that “there will be a response to Iran’s attack on Israel” has increased the probability of escalation of tensions in the Middle East. 

 

Strategy:

Investors may wait and watch the developments. Meanwhile, long-term investors can slowly accumulate high quality large-caps on corrections.

Large-caps in banking, IT, autos, capital goods, oil & gas and cement are ideal for long-term investment. Since metal prices are firming up, metal stocks will remain resilient.

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

8:53 AM

From SBI to Quant, smallcap schemes witness easing of stress levels

SBI and Axis smallcap funds managed to improve their liquidity metrics even as their smallcap exposure inched up in March from February. SBI smallcap fund's smallcap holdings rose from 81 per cent to 82 per cent. Axis smallcap fund also saw a 1 percentage point rise in exposure. READ MORE