BENGALURU (Reuters) - Indian shares extended losses on Wednesday after the country's central bank announced a surprise increase in key policy rate. The NSE Nifty 50 index was down 1.7% at 16,780 by 0844 GMT, while the S&P BSE Sensex fell 1.6% to 56,058.
Insurance behemoth has over 1% holding in 47 Nifty50 firms
CLOSING BELL: SBI, HUL, IndusInd Bank, Axis Bank, Dr Reddy's Labs, Bajaj Finserv, and ICICI Bank fell in the range of 2-3 per cent
CLOSING BELL: Mukesh Ambani-led Reliance Industries (RIL) is set to become India's first company to hit market capitalisation (m-cap) of Rs 19 trillion
India's March wholesale price index-based inflation (WPI) surged to 14.55 per cent on rising edible oil prices and increase in power prices. WPI inflation in February stood at 13.11 per cent.
While brokerages expect Q4 earnings of Nifty50 companies to hit record peak levels, the march is expected to be driven by banks and financials. Let's dive into the Street expecting from Q4 results
The frontline indices jumped more than 2 per cent on Monday as the announcement of the plan to merge HDFC into HDFC Bank set their stocks soaring
Analysts attribute the poor showing by FMCG and auto stocks to a combination of demand slowdown and rising input costs
Only half of the 52 firms that got listed managed to give Nifty-beating returns
Most analysts expect the markets to remain choppy in FY23 amid multiple headwinds. The ongoing geopolitical crisis, they feel, will keep commodity prices elevated and market gains in check
Global equity markets, including Indian markets, traded higher as another round of peace talks between Russia and Ukraine got underway amid signs of a peace deal.
On its part, the US has been battling a spike in inflation that hit 7.9 per cent in February - a four-decade high. The CPI has not been the highest since January 1982, when it hit 8.4 per cent
AIFs have a minimum ticket size of Rs 1 crore and aim to offer investors access to sophisticated strategies across different asset classes
Apollo Hospitals Enterprises will replace state-owned oil marketing company Indian Oil Corporation in the index
Benchmark indices have turned negative for the year with Monday's 1.7% slide in the markets. A double-digit fall in benchmark indices is possible, as markets are not fully pricing global headwinds
A similar view was shared by Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services, who suggested that Indian equity markets were on the cusp of a major bull-run
Sensex and Nifty indices erased all the gains clocked this year amid soured global sentiment. Another bout of selling can drag over 50% of Nifty500 stocks below their crucial support levels
Nifty down 1.07%; sell-on-rise scenario may exist for some time, say experts
Nifty50 firms' combined net profit seen rising 25% in third quarter. More in today's top headlines
Metal and mining firms expected to lead earnings growth