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.
On Saturday, HDFC Bank posted a 23 per cent jump in standalone net profit to Rs 10,055.20 crore for the March quarter
CLOSING BELL: Dismal March quarter earnings by HDFC Bank & Infosys, coupled with fears of aggressive rate hikes amid rising inflation, soaring bond yields, & resurgence in Covid-19 cases hit sentiment
The 30-share BSE Sensex opened on a firm footing but failed to hold on the momentum, finishing 237.44 points or 0.41 per cent lower at 58,338.93
Brokerage misused securities worth Rs 2,300 crore belonging to more than 95,000 clients, says regulator
Meanwhile, SBI Mutual Fund picked up over 3.3 million shares of Mrs Bectors
CLOSING BELL: HDFC, HDFC Bank, Maruti Suzuki, Dr Reddy's Labs, Tata Motors, PowerGrid, Asian Paints, Bajaj Finserv, Kotak Bank, Titan, Cipla, and Eicher Motors were the top laggards on the Nifty index
This is fifth decline in six sessions; analysts expect markets to react to inflation data today
Says firm connected to NSE's secondary server connection roughly on 58%, or 263 days, out of a total around 457 trading days in the cash market segment between 2013 and 2014
CLOSING BELL: Axis Bank, Kotak Bank, Maruti Suzuki, Power Grid, SBI Life, and ICICI Bank were the top winners on the benchmark indices, rising upwards of 0.5 per cent each
The amount is still far lower than the record Rs 2,213 crore mopped up in FY18 and Rs 1,620 crore collected in FY19
The move will enable traders to manage their risk better, especially when it comes to out-of-the-money contracts
Rising bond yields are considered to be negative for the equity markets, at least in the near-term.
CLOSING BELL: More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, Asian Paints, HDFC, and HDFC Bank
Serious foreign investors - pension funds, sovereign wealth funds, endowments - continue to load up on India, says Marcellus Investment Managers CEO Saurabh Mukherjee
The raids are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA).
CLOSING BELL: The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations
CLOSING BELL: Adani Ports, Titan, HDFC, PowerGrid, Wipro, HDFC Bank, ONGC, PowerGrid, RIL, Bharti Airtel, TCS, Coal India, Tata Steel, and L&T fell between 1.5 per cent and 3.5 per cent
Markets remaining open during bank holidays isn't uncommon. However, such days are known well in advance.
CLOSING BELL: HDFC Bank, HDFC, and HDFC Life were the biggest laggards on the 50-pack index as they fell between 2.5 per cent and 3.5 per cent