Sensex sheds 551 pts, Nifty below 19,700 as Middle East crisis worsens

Closing Bell on Wednesday, October 18, 2023: Brent crude futures jumped 3 per cent after Iran called for sanctions and oil embargo against Israel

3:43 PM

Broader markets fall in tandem with benchmarks; MidCap index slides 0.8%

3:42 PM

Sectoral trends :: Investors turn to defensives; Pharma index up 0.8%

3:39 PM

Sensex Heatmap :: 26 of 30 index stocks sink; Bajaj twins, Axis, HDFC Bank worst hit

3:38 PM

Closing Bell :: Nifty ends below 19,700

3:38 PM

Closing Bell :: Sensex tanks 551 pts as Middle East tensions escalate

3:23 PM

ALERT :: Iran calls for sanctions on Israel; oil prices jump 3%

>> Iran emphasises need to sanction Israel, implement oil embargo & withdraw ambassadors in Jeddah meet

 

3:11 PM

IPO Update :: IRM Energy nearly sails through on first day of the offer

2:57 PM

Bond market :: 10-year bond yields harden on rising crude oil prices

2:44 PM

ALERT :: Sensex slides nearly 500 pts as sell off deepens

2:32 PM

ALERT :: India to be 3rd largest global economy by 2027, says JPMorgan

>> India to surpass Germany, Japan

 

>> Indian GDP to value $7 trn by 2027

 

>> Manufacturing to contribute 25% towards GDP vs 17% right now

2:31 PM

ALERT :: Israel didn't attack Gaza hospital, says US Prez Biden

>> US stands with Israel

2:30 PM

ALERT :: Benjamin Netanyahu, Joe Biden hold joint press conference

>> Oct 7 is another day that will live in infamy, says Israeli PM

 

>> Biden rightly said that Hamas is worse than ISIS, he says

 

>> US stands with Israel, says Biden

 

>> It's a tough time for the US, says Biden

 

>> US to support Israel is every way possible

2:28 PM

Q2 Earnings :: Polycab India posts PAT of Rs 430 crore

>> Revenue at Rs 4,218 crore

>> Ebitda at Rs 609 crore

>> Ebitda margin at 14.4%

>> All metrics beat estimates

2:17 PM

ALERT :: Joe Biden lands in Tel Aviv

>> US President Joe Biden on Wednesday arrived in Israel where he plans to show "solidarity" with the country

>> The White House has, so far, fully supported what it says is "Israel's right to defend itself"

>> Biden has requested that Congress approve more military funding for Israel

>> Israel responded to the Oct. 7 Hamas attack with a ferocious bombing campaign over the Gaza Strip

Source: CNBC

2:02 PM

ALERT:: Tips Industries Q2 net zooms 90%; stock gains 2%

Tips Industries today posted 90.4 per cent surge in Q2 net profit at Rs 39.65 crore for the quarter ended September 2023 when compared with Rs 20.82 crore for the quarter ended September 2022. Total income increased 27.2 per cent YoY to Rs 64.47 crore.