Rate hike signal intensifies sell-off; Sensex down 6.5% in 7 sessions
Sectorally, the Nifty PSU Bank index jumped a massive 5 per cent on the NSE, while the Nifty Bank and Private Bank indices added about a per cent each
The market breadth was positive, with 1,955 stocks advancing and 1,404 declining
Revaluation of land will be of limited use for CPSEs
European stocks opened higher Tuesday after a day of steep losses in Asia as markets waited to hear from Federal Reserve chair Jerome Powell after a two-day policy meeting that ends Wednesday. The possibility of conflict between Russia and Ukraine and concern over coronavirus outbreaks also were adding to uncertainties. France's CAC 40 edged up 1.1% to 6,861.14 in early trading, while Germany's DAX added 0.6% to 15,100.95. Britain's FTSE 100 rose 0.5% to 7,334.99. The future of the Dow Jones Industrial Average was 1.1% lower, while the S&P 500 future fell 1.6%. On Monday, a late buying spree pushed the benchmark S&P 500 index to a 0.3% gain after pulling it out of so-called correction territory a drop of 10% or more from its recent high. The Fed meeting will provide an update on policymakers' latest thinking on the economy and interest rates. Some economists worry the Fed is moving too slowly in tamping down inflation by raising rates that have been kept low for nearly two ...
Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close
The stock was trading at its new low, having fallen 29 per cent in the past six days. With this, the stock is now 26 per cent lower as against its issue price of Rs 980 apiece.
In Q3FY22, its PAT was up 12 per cent at Rs 242 crore, on stable operational performance, partly bolstered by sharp reduction in finance costs owing to repayment of high-cost debt.
Concerns over Fed rate hike, Ukraine add to investor woes
With oil prices and inflation rising once again, markets are back to early 2021
The frontline S&P BSE Sensex crashed nearly 2,000 points intra-day, hitting a low of 56,984. It, however, staged a mild recovery in the fag-end and ended 1,546 points, or 2.6 per cent, lower at 57,491
A sharp sell-off in small-sized companies witnessed one out of every five traded stocks locked at the lower circuit on the BSE.
In Q3, standalone ebitda margin contracted 390 bps to 12.1 per cent due to elevated commodity costs and partial transition in pricing especially in consumer durables.
Investors pull back from risky assets amid rising yields
At a time when the weak broader market subdued the Indian equity market consistently, several stocks on the BSE turned multibagger since the start of the calendar year 2022.
Stock market LIVE: Sectorally, auto and FMCG were the only gainers on the Nifty wherein the latter was supported by gains in HUL and Asian Paints on the back of their strong Q3 results.
Gokaldas Exports hit record high of Rs 410.65, up 10% and surpassed its previous high of Rs 405 hit on March 16, 2006.
The company has won orders worth over Rs 160 crore for its key electric components to support the electrification of the country's rail routes.
In the last three sessions, the Sensex has lost 1,844 points, or 3 per cent
PTC India slumps 18% after 3 independent directors quit; SBI Card hits 52-week low; Mastek tumbles 11% on muted Q3 numbers; AGS Transact Technologies IPO subscribed 1.4 times on day 2