Markets are again reeling under tremendous pressure across the globe following sticky inflation that could prompt swift actions by the apex banks ahead, say analysts
Uncertainty on revival of demand is a key overhang for the stock
Since the day of listing, LIC shares have remained below the issue price and had touched a low of Rs 708.70 and a high of Rs 920
Stock market highlights: Over 35 Nifty stocks ended the session in the red with Bajaj Finance, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4%
The RBI today raised the repo rate to 4.9 per cent, up from 4.4 per cent. The Central Bank also raised consumer price (CPI) or retail inflation forecast for FY23 to 6.7 per cent from 5.7 per cent.
CLOSING BELL: The NSE Nifty50, held the crucial 16,400-mark to shut shop at 16,416, down 153 points
This was the second highest gain on debut this year for IPOs of over Rs 150 cr, after Campus Activewear
Gains in RIL propelled market during the week
The Delhi High Court on Tuesday sought the CBI's stand on a bail plea filed by National Stock Exchange (NSE) former group operating officer Anand Subramanian in the co-location scam case. Representing the accused, senior advocate Vikas Pahwa argued that an incomplete chargesheet has been filed in the case and sought a mandatory bail under the Criminal Procedure Code as well as on merits. Justice Sudhir Kumar Jain then issued a notice seeking the CBI's response. The former GOO was arrested by the CBI on February 24 and was remanded to custodial interrogation. He was sent to judicial custody on March 9. In his bail plea filed through advocate Alok Tripathi, Subramanian has stated that a trial court wrongly dismissed his plea for default bail in the matter by an order passed on May 28. An FIR in this case was registered in May 2018 amid fresh revelations about irregularities at the country's largest stock exchange. The CBI is probing the alleged improper dissemination of information
Foreign institutional investors (FIIs), a key driver for the Indian markets, would also be tracked for cues
While strong lobbying to reverse curbs is expected, share prices are seen hitting new 52-week lows before the new season rolls in
The payout will make a small dent in lender's capital adequacy ratio; stock sheds 3.73% on BSE
Weak listings come on the back of a selloff in the secondary market. Nifty has crashed as much as 8% this month before the latest rebound
'Nobody can predict the market. We have been saying that it should not be held for a particular day but for more than a day,' Tuhin Kanta Pandey told reporters after the listing of LIC shares
The stock jumped 8.30 per cent to Rs 403 on the BSE; at NSE, it zoomed 8.31 per cent to Rs 403.25 apiece
The stock jumped 3.31 per cent to Rs 9.03 on the BSE; At the NSE, it went up by 4 per cent to Rs 9.05 apiece
The NSE Nifty 50 index was down 0.78% at 16,969.10 as of 0357 GMT on Monday, with most of its major sub-indexes in the negative, while the S&P BSE Sensex fell 1.11% to 56,429.45
At the NSE, the stock dipped 2.57 per cent to Rs 3,805 apiece
At 10:22 am; the stock locked in upper circuit of Rs 164.85, after hitting a low of Rs 149.15 in intra-day trade on the BSE, against issue price of Rs 137 per share.
Sunflag Iron and Steel soared 18 per cent to hit a record high of Rs 118.90 on the BSE in Tuesday's intra-day trade, extending previous two-week rally on the back of heavy volumes.