CLOSING BELL: Mixed global cues, rising bond yields globally, and an uptick in oil prices also dented the sentiment
Russia maintained gas flows through key pipeline routes into Europe, despite uncertainty over payment terms
Mirroring the rally in the stock, market capitalisation of HDFC zoomed to Rs 4,85,691.18 crore
As per the BSE data, as many as 179 stocks touched their 52-week highs
Additional sanctions could impact energy and other markets, adding to uncertainties
The pan-European STOXX 600 was flat an hour and a half after the open while S&P 500 and Nasdaq stock futures were down about 0.1%
CLOSING BELL: Besides, Kotak Bank, HUL, IndusInd Bank, Tata Steel, L&T, and Sun Pharma were the other top gainers
Mutual fund investments of over Rs 1.7 trillion steadied the ship
The pan-European STOXX 600 index rose 0.62% and MSCI's gauge of stocks across the globe gained 0.05%
CLOSING BELL: Sectorally, the Nifty PSU Bank index jumped 4 per cent on the bourses with Union Bank, Bank of India, Canara Bank, and Bank of Maharashtra adding over 4 per cent each
The company announced partial commencement of caustic evaporation unit (CEU) by its joint venture company GACL-NALCO Alkalies & Chemicals.
The MSCI World Equity index was down 0.3% on the day, while Europe's STOXX 600 eased 0.2% to sit just below a one-month high hit on Tuesday
Braving many headwinds in the latter part of the current fiscal, Sensex closed the 2021-22 financial year with a gain of 9,059.36 points or 18.29 per cent
CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla
The recent price hike, analysts said, brings some respite for the industry facing multiple headwinds such as steep raw inflation, price erosion in the US market and higher freight costs.
Fundamentals warrant stock price correction
This week has also seen a dreaded - albeit brief - "inversion" of a key bit of the US bond yield curve that has been a precursor of economic recessions
Market players said the signals coming from bond markets were at odds with the mood in equity markets
European markets opened lower while Asian stocks advanced Wednesday as investors saw signs of possible progress in talks on ending Russia's war on Ukraine. London and Frankfurt declined. Shanghai and Hong Kong gained while Tokyo retreated. Oil rose more than $2 per barrel. Wall Street futures were lower after US stocks gained Wednesday following Russia's announcement it would scale back military operations near Ukraine's capital, Kyiv, and a northern city. This was a nice add-on catalyst to a market rally already under way, said Clifford Bennett of ACY Securities in a report. In early trading, London's FTSE 100 lost 0.1% to 7,529.06 and the DAX in Frankfurt sank 1.3% to 14,631.35. The CAC 40 in Paris shed 1% to 6,720.90. On Wall Street, futures for the benchmark S&P 500 index and the Dow Jones Industrial Average were down 0.4%. On Tuesday, the benchmark S&P 500 index rose 1.2% and the Dow advanced 1%. The Nasdaq composite added 1.8%. More than 85% of the stocks in the S&P .
Wednesday's sharp rally came on the back of hopes that the end of the Russia-Ukraine war may be on the horizon as Russia on Tuesday said it would cut down its military operation in Ukraine.