Sensex Today: Closing Bell: Sensex slides 311 pts on losses in RIL, bank stocks; Nifty below 17,850; Zomato rises 5%, Cipla tanks 6%
03:30 PM
Dollar edges lower from six-week peak, eyes on Fed
The US dollar index, which measures it against six other major currencies, slipped 0.14% to 103.83, though is up almost 1.8% for the month, keeping it on track for its first monthly gain since last September. It hit a six-week high of 104.67 on Friday.
Liquidity is expected to be thin on Monday, with U.S. markets closed for Presidents’ Day.
A slew of data out of the world’s largest economy in recent weeks pointing to a still-tight labour market, sticky consumer prices, robust retail sales and higher producer prices, have raised expectations that the U.S. central bank has more to do in taming inflation, and that interest rates would have to go higher.
03:18 PM
FPIs’ investment value in Indian equities drops 11% to $584 billion
The value of foreign portfolio investors’ (FPI) holdings in the domestic equities reached USD 584 billion at the end of December 2022, which was 11 per cent lower from preceding year, according to a Morningstar report. This was largely on low return given by the Indian equities and exodus of foreign money from the domestic stock market.Going by the report, the value of FPIs investments in Indian equities dropped to USD 584 billion as of December 2022 as compared to USD 654 billion at the end of December 2021.On a quarter-on-quarter basis, the value of FPIs investment grew 3 per cent from USD 566 billion in the three months ended September 2022. This was also the second consecutive quarter, when the value of their investment in the domestic stock market had increased.
03:12 PM
Most active stocks in afternoon session
03:05 PM
GLOBAL MARKET CHECK
- The Stoxx Europe 600 rose 0.2% as of 8:36 a.m. London time
- S&P 500 futures fell 0.1%
- Nasdaq 100 futures fell 0.1%
- Futures on the Dow Jones Industrial Average were little changed
- The MSCI Asia Pacific Index rose 0.6%
- The MSCI Emerging Markets Index rose 0.6%
02:18 PM
Engineers India enters into MoU with Munitions India Ltd
02:17 PM
YES Bank, Voda Idea, PNB among most active stocks on NSE
02:08 PM
European shares open higher on boost from miners
European shares opened higher on Monday, boosted by miners on bets of demand recovery in China and a jump in car parts maker Faurecia after an upbeat forecast. The pan-European STOXX 600 index edged 0.1% higher, with the basic resources sector index rising 0.9%. Prices of industrial metals rose on hopes of a recovery in demand from top consumer China and amid support from global mining supply disruptions. This also boosted oil prices, lifting European energy stocks by 0.1%.
02:03 PM
Sensex Today | Index falls 250 points
02:00 PM
ICICI Securities’ top picks from mid & smallcap space
01:37 PM
Tata Motors to supply 25,000 XPRES–T electric sedans to Uber
Tata Motors on Monday said it will supply 25,000 XPRES–T electric vehicle units to Uber in one of the largest deals in the green mobility space till date. As per a memorandum of understanding inked between the two entities, Uber will utilise the electric sedans in its premium category service, the companies said in a joint statement. The electric fleet would be operational across Delhi NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru and Ahmedabad, it added.
12:52 PM
Seacoast Shipping Services signs a new business contract with Maria Shipping Fze., Dubai for providing the shipping and logistic services at Dubai.
12:11 PM
Interglobe Aviation promoter Shobha Gangwal cuts stake in co to 2.99% from 7.04%
12:10 PM
SENSEX HEATMAP: Look how index stocks are moving in afternoon trade
11:59 AM
Market LIVE Updates: Hindustan Zinc to place Govt letter before the board; haven’t yet called holders’ meeting for the deal
11:48 AM
Pharma index in the red: Check out top gainers & losers from the pack
11:47 AM
Tokyo shares end slightly higher
Tokyo stocks ended marginally higher on Monday, recovering from earlier losses as investors sought fresh cues with the US market closed for a holiday. The benchmark Nikkei 225 index added 0.07 percent, or 18.81 points, to 27,531.94, while the broader Topix index rose 0.39 percent, or 7.78 points, to 1,999.71.
11:05 AM
Shares of Samvardhana Motherson were trading higher in intraday trade after the company inked a pact to acquire Germany-based SAS Autosystemtechnik GmbH. The deal was reached at 540 million euros or around Rs 4,789 crore. SAS is a global provider of cockpit module assembly and logistics services for the automotive industry, with a strong exposure to the premium vehicle segment. The company expects to complete the acquisition by the second quarter of FY24, subject to regulatory approvals.
11:01 AM
Tata Consultancy Services partners with Telefónica Germany
11:00 AM
BofA securities joins Citi in turning bullish on Indian Rupee
Bofa Securities Inc. is predicting more gains for the Indian rupee in the near term, joining Citigroup Inc., as the narrowest trade deficit in a year augurs well for the nation’s external finances. “The recent correction in rupee valuation and near-term improvement in current-account and capital flows tilt the risk-reward in favor of rupee appreciation,” Abhay Gupta, a strategist at BofA Securities, wrote in a note. The firm has turned ‘constructive’ on the rupee.
10:37 AM
Bharat Dynamics receives export order worth $255 million
10:22 AM
Adani Group stocks trade mixed; Adani Enterprises down 4%, Transmission at 5% lower circuit
10:04 AM
NMDC STEEL LISTING
09:58 AM
One of India’s biggest state-backed lenders is willing to consider lending additional money to the beleaguered Adani Group including for a project to remodel a slum that is among the world’s largest. Bank of Baroda will extend loans to the conglomerate if it meets the lender’s underwriting standards, said Sanjiv Chadha, chief executive officer and managing director, adding that he’s not concerned about the market volatility around Adani stocks.
09:57 AM
Market LIVE Updates: All IT stocks trade in the green
There is a growing concern that the equity markets are ignoring the risk of high inflation which is declining only very slowly. Comments from some Fed officials that they might have to remain hawkish for an extended period of time and might support even a 50 bp rate hike in the March Fed meet are negative for equity markets. US bond yields and the dollar index have inched up from their recent lows in response to this concern. In India, it appears that the period of sustained selling by FIIs is over and they have started buying on some days. The negative sentimental impact of the Adani issue appears to be behind us. The likely hawkish stance from the Fed will restrain the rally in the US market and this will also keep the Indian market in a range, attracting selling at higher levels and buying at lower levels. Valuations of the leading banking names, large-cap IT and capital goods companies are reasonable now and may be accumulated on declines.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
09:36 AM
Kalpataru Power Transmission got orders worth Rs 3185 crore
09:33 AM
SENSEX TODAY | Index erases opening gains, slips below 61,000
09:29 AM
India’s federal government has opposed state-backed Hindustan Zinc’s proposed $2.98 billion acquisition of zinc assets from Vedanta Ltd , a letter from the government to the company showed on Monday.
09:24 AM
Drug major Cipla on Saturday said the US health regulator has issued Form 483 with eight observations after inspecting its Pithampur-based manufacturing facility in Madhya Pradesh.
09:19 AM
Opening Bell: Sensex rises over 100 pts, Nifty above 17,950; Cipla sheds 5%, IDBI Bank gains 2%
09:08 AM
Pre-open session: Sensex rises over 100 points; Nifty above 17,970
08:32 AM
Surya Roshni gets orders worth Rs 114 crore
07:33 AM
Asia shares muted by unease over Fed, BOJ policy
Asian shares got off to a subdued start on Monday as a U.S. holiday made for slow trading ahead of minutes of the last Federal Reserve meeting and a reading on core inflation that could add to the risk of interest rates heading higher for longer.
07:32 AM
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 26.5 points, or 0.15 per cent, higher at 17,963.50, signaling that Dalal Street was headed for a positive start on Monday.
07:32 AM
Tech View: Charts hint tug-of-war between bulls & bears
Following a gap-down opening in trade, the Nifty 50 index failed to hold and end above the psychologically-crucial 18000-level on Friday.
07:31 AM
Wall Street drops as investors fret about interest rates
Wall Street dropped on Friday, weighed down by Microsoft and Nvidia as investors worried that inflation and a strong U.S. economy could put the Federal Reserve on pace for more interest rate hikes.
07:31 AM
Oil prices little changed, nurse last week’s losses on improved supplies
Oil prices were little changed in early Asian trade on Monday, after settling down $2 a barrel on Friday, as rising supplies in the United States and forecasts of more interest rate hikes cooled optimism over China’s demand recovery.
07:31 AM
Rupee falls 12 paise to close at 82.82 against US dollar on FII outflows
The rupee depreciated by 12 paise to close at 82.82 against the US currency on Friday as a stronger greenback in the overseas market and a muted trend in domestic equities weighed on investor sentiments.
07:30 AM
Sensex, Nifty on Friday
The 30-share BSE benchmark Sensex fell 317 points or 0.52% to settle at 61,002. The broader NSE Nifty dropped 92 points or 0.51% to end at 17,944.
07:30 AM
