US stocks fall after open on rate hike woes
Tech View: Nifty50 bulls not ready to give in; momentum positive
Sebi issues Rs 27 lakh recovery notice to individual in L&T Finance Holdings case
SEBI allows FPIs in exchange traded commodity derivatives
What to expect from Thursday’s trade?
— Ajit Mishra, VP – Research, Religare Broking
Rupee outlook by Gaurang Somaiya, MOSL
Tech View: Rupak De, Senior Technical Analyst at LKP Securities
Consumer confidence is declining rapidly due to the uncontrolled & constant rise in inflation. India had to bear the double whammy effect of a dampening global equity market and rising crude prices as major suppliers like Saudi are unable to boost the output in the short-term. However, the domestic market was able to recover most of the losses due to the strong movement of index heavyweights, PSUs, Metals and Oil & Gas stocks before slipping some gains by the end of the day due to volatile global market.
– Vinod Nair, Head Of Research at Geojit Financial Services
Advance-decline ratio marginally favours losers
Top five gainers & losers from today’s session
FMCG, banks, IT indices bleed over 1% each
India’s biggest cement producer, UltraTech Cement, is importing a cargo of Russian coal and paying using Chinese yuan, according to an Indian customs document reviewed by Reuters, a rare payment method that traders say could become more common.
Closing Bell: Sensex snaps 4-day rising streak, ends 150 pts lower; Nifty near 15,800; Zomato tanks 5%; Adani Transmission zooms 9%
These auto stocks trade firm
Most active stocks in afternoon session
FTSE 100 retreats from two-week high on slowdown worries
The shareholders and creditors of NMDC have approved the demerger of the company’s under-construction Nagarnar Steel Plant (NSP), its CMD Sumit Deb said. The demerger of NSP from NMDC is progressing, Deb who was in the national capital, told PTI.
OPEC+ begins policy debate as capacity constraints loom
The index has surpassed its key level of 15735 but there is some pressure at higher levels of 15888-16000 .Overall we expect the index to trade in a broader range with capped upside. At current juncture, we are advising to be with selective stocks and one can look for buying opportunity in Reliance, Ultratech and HCL Tech and ONGC.
– Chandan Taparia, Vice President, Equity Derivatives and Technical, Broking & Distribution, Motilal Oswal Financial Services Ltd.
Sensex LIVE Updates: Index erases all losses, trades higher
GoM proposal on 28% GST on casino deferred: ET NOW
Sebi imposes Rs 7-cr fine on NSE, Rs 5 cr each on Ramkrishna, Narain in ‘dark fibre’ case
Sandeep Kumar Gupta, Director for Finance at Indian Oil Corporation, has been picked to head India’s largest gas utility GAIL (India) Ltd, the government headhunter said. The Public Enterprises Selection Board (PESB) selected Gupta, 56, for the post of chairman and managing director of GAIL after interviewing 10 candidates, it said in a post-interview notice.
Global Market Check
- Nasdaq 100 futures rose 0.1%. The Nasdaq 100 fell 3.1%
- Japan’s Topix index dropped 0.7%
- Australia’s S&P/ASX 200 Index lost 0.9%
- South Korea’s Kospi index fell 1.7%
- Hong Kong’s Hang Seng Index fell 1.9%
- China’s Shanghai Composite Index fell 1%
- Euro Stoxx 50 futures fell 0.6%
Market LIVE Updates: FMCG stocks fall; Future Consumer, Godrej Consumer, HUL among top losers
Indian market valuations appear expensive compared to bond yields. What does this mean?
Expect govt to withdraw duties on steel items once inflation moderates: Sajjan Jindal
Market LIVE Updates: SIS approves share buyback of up to Rs 80 crore
Bernstein raises Reliance Industries target price, sees over 30% upside
Market LIVE Updates: APL Apollo, Tata Steel among top gainers in metal pack
Isha Ambani is set to be named head of Reliance Retail
Market LIVE Updates: Bank Nifty tanks over 1%; all constituents in the red
Japanese chipmaker Renesas Electronics Corp and India’s Tata Motors have formed a strategic partnership to design, develop and manufacture semiconductor solutions for domestic and global markets, the companies said on Wednesday.
Time for caution on bank stocks: BNP Paribas
The sharp pullback witnessed in the US last Friday has lost steam and the markets have again turned weak. The decline in commodity prices last week has not sustained and Brent crude is back to above $117. Even though there is no consensus on whether the US economy will slip into recession or not, there are clear signs of the economy slowing down. But the labour market continues to be strong in the US and unemployment is low at 3.6%. In this context of conflicting signals, markets are likely to remain choppy. Investors should understand the fact that big money is made not by investing in a bull market but by systematically investing through a bear market and waiting patiently for the inevitable bull market. So, invest systematically in high-quality stocks.
– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The rupee has fallen to 79.00 levels much earlier than anticipated as RBI withdraws its hands and with no sellers in the market of the$ and no inflows, today’s opening possibly should be around 79.00 with a range of 78.70 to 79.30 again with a risk to the upside for the pair. Today in the evening we have the GDP data. The rupee seems to be now covering up its earlier slow depreciation and soon we could see a new figure of 80 added up to it. Most Asian currencies have today depreciated and with equities unable to give much relief more depreciation is on the cards.
– Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors
RUPEE AT FRESH LOW
Britannia may name Domino’s Rajneet Kohli as first standalone CEO
Voda Idea, ONGC, MRPL among most active stocks on NSE
Sector Watch: Sea of red…
OPENING BELL: Sensex tanks 500 points on weak global cues, Nifty slips below 15,700; Max India jumps 7%
DBS Bank mulls acquiring stake in IDBI Bank: ET NOW
Asian stocks slip on inflation fears
Oil prices take breather after three-day rally
SGX Nifty signals a negative start
Q4 results today
Tech View: A revisit of 16,000 level likely for Nifty
Tokyo stocks open lower extending US falls on weak data
Wall St slips as consumer pessimism stokes growth fears
Rupee tanks 48 paise to 78.85 against US dollar
Sensex, Nifty on Tuesday
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