Sensex plunges 695 pts, Nifty below 18,100 as HDFC twins sink up to 6%

CLOSING BELL: HDFC and HDFC Bank accounted for a loss of 645 points on the BSE benchmark. Broader indices ended with relatively lesser losses of around 0.5 per cent each.

9:36 AM

Blue Star gains 1% after net profit grew 3-fold YoY in Q4FY23

The company’s Q4 net profit grew 3-fold to Rs 225.29 crore for the quarter ended March 2023 when compared with Rs 76.27 crore in the quarter ended March 2022.

9:34 AM

Nifty50 top losers: HDFC Twins, Hindalco, IndusInd Bank

9:29 AM

Nifty50 top gainers: ICICI Bank, L&T, Axis Bank

9:27 AM

Broader markets firm; India VIX springs in green

9:22 AM

SENSEX HEATMAP | 13 out of 30 index counters swim in positive territory

9:21 AM

OPENING BELL: Nearly 100 points drop for Nifty50, below 18,200 levels

9:20 AM

OPENING BELL: Sensex opens over 350 points lower

9:11 AM

PRE-OPEN SESSION: Sensex declines over 550 points

9:07 AM

PRE-OPEN SESSION: Nifty50 slips over 100 pts, below 18,150 levels

9:00 AM

PRE-OPEN VIEW: Markets defying global mood; any pullback a buying opportunity

The market is likely to open marginally lower on Friday as the SGX Nifty indicates a negative start for the broader index with a loss of 56 points. The charts indicate that the Nifty may get support at 18,180, followed by 18,100 and 18,020. If the index advances, 18,320 would be the initial key resistance level to watch out for, followed by 18,400 and 18,450.

 

Markets continue to rise while neglecting global markets. The strength shows that there is a strong bullish momentum. Any pullback from these levels will be a buying opportunity until the major support level of 17,950 is not broken on a closing basis.

 

Views by Deven Mehata, Equity Research Analyst, Choice Broking.

8:57 AM

Lessors oppose Go First's insolvency resolution plea; NCLT reserves order

The lessors of Go First aircraft on Thursday opposed the airline’s plea to admit insolvency in the Delhi Bench of the National Company Law Tribunal (NCLT). The tribunal reserved its order after listening to the arguments of both sides for four and a half hours. READ

8:53 AM

Brent Crude holds $73 per barrel

8:49 AM

Growth prospects remain strong for Titan after good Q4 performance

Standalone jewellery sales for the firm were up 24 per cent year-on-year (YoY) on a slightly lower base and aided by like-to-like growth of 19 per cent. READ

 

8:44 AM

Seeking alpha? Go for factor-based fund, limit exposure to 15-20%

While single-factor funds may underperformance at times, a multi-factor one could offer smoother experience. READ

 

8:40 AM

WATCH: How will Fed’s pause impact FPI flows into India?