Monetary policy response will help preserve macro-financial stability, says RBI governor as he announces benchmark rate hike
Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.
CLOSING BELL: IndusInd Bank, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the major gainers
Rising inflation has forced central banks, including the US Fed, to hike rates to tame inflation.
CLOSING BELL: Coal India, Adani Ports, Power Grid, Maruti Suzuki, Bajaj Auto, ONGC, Wipro, and Britannia Industries were the other laggards, down between 2.5 per cent and 4 per cent
Both foreign portfolio investors (FPIs) as well as domestic institutions were net buyers on Thursday
As of 06:50 AM, the SGX Nifty April futures quoted at 17,066. According to analysts, the April series has been one of the most volatile series for the Nifty in recent times. The options data.
The company's market valuation declined by Rs 31,727.37 crore to Rs 4,06,645.63 crore on the BSE
CLOSING BELL: Life Insurance Corporation of India (LIC) will come out with its IPO on May 4
One of the factors that lifted sentiment was China's pledge to boost monetary-policy support to bolster its Covid-19-hit economy
CLOSING BELL: Sectorally, all the indices ended in the green zone, led by the Nifty Realty and Auto indices, up 3.5 per cent and 3 per cent, respectively
Brent crude oil prices dropped close to 5 per cent due to demand concerns following news that lockdowns were spreading to Beijing
CLOSING BELL: Bajaj Auto, HDFC Bank, ICICI Bank, Axis Bank, HDFC, Nestle India, Bharti Airtel, and Kotak Bank were the only gainers, rising up to 2 per cent
Fears of steeper interest rate hikes by the US Fed have made investors jittery globally.
Equity markets may face volatility this week amid monthly derivatives expiry, and global trends along with the ongoing quarterly earnings by corporates would continue to play a major role in trading movement, analysts said. Markets would also keenly track foreign fund movement amid unabated outflows. "It is expected that this week will also kick off on a sombre note on the back of sharp fall in the US market on Friday after hawkish commentary by the US Fed and weak earnings. The global cues may dominate this week along with April month F&O expiry and Q4 earnings. "In terms of Q4 earnings, market will react to the results of ICICI Bank on Monday while HDFC Life, Bajaj Auto, HUL, Ambuja Cement, Axis Bank, Bajaj Finserv, Vedanta, IndusInd Bank, Maruti Suzuki, Ultratech Cement and Wipro will be other key results which are scheduled this week," said Santosh Meena, Head of Research, Swastika Investmart Ltd. FIIs are continuously selling in the Indian equity market and their behaviour ...
Rising US yields halt indices after two days of gains
Analysts expect trend to persist till FY23 end, in light of headwinds
Persistent foreign capital outflows also dented investor sentiment, forex traders said
The Indian government has pegged LIC's valuation at around Rs 6 trillion, according to the sources
In tandem with the recovery in equities, the market capitalisation of BSE-listed firms jumped by Rs 5,74,427.92 crore in two sessions to stand at Rs 2,71,77,156.37 crore