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Markets Erase Gains as Metals Drag; IDBI Bank Bid Race Heats Up | Closing Bell
Markets surrendered early gains as metal stocks dragged benchmarks lower, with the Nifty hovering near 24,100 despite strength in auto counters. ONGC, Hindalco and Power Grid led the losers, while InterGlobe Aviation, M&M and Maruti Suzuki outperformed. In corporate news, Amazon CEO Andy Jassy met PM Narendra Modi and announced an additional $13 billion investment in India, taking Amazon's planned investment to $48 billion through 2030. Fairfax is reportedly back with a fresh bid for IDBI Bank, valuing the lender at ₹77 per share and potentially unlocking a ₹50,000 crore divestment for the government and LIC. Meanwhile, uncertainty continues around Tata Sons as RBI is yet to decide on its NBFC deregistration request, keeping the possibility of a future listing alive. Catch all the key market moves, corporate developments and top business headlines in this edition of Closing Bell.
Closing Bell: Market dives as crude climbs; Sensex slides 829 pts, Nifty below 23,700
Biggest Nifty losers were Eicher Motors, M&M, Maruti Suzuki, Bajaj Finance, UltraTech Cement, while gainers included Coal India, Jio Financial, Adani Enterprises, NTPC, Power Grid Corp. Among sectors, Auto index slipped more than 3%, FMCG index shed 1.7% and Private Bank index declined 1.6%, while Power index gained 2.5%, Energy index rose 2%, Oil & Gas, Metal, Capital Goods rose 0.5% each. The BSE midcap index fell 0.4% and smallcap index shed 0.7%.
Nifty Auto crashes over 3% as crude tops $100 again, LNG fears add pressure; M&M, Maruti among top Nifty losers
The Nifty Auto index ended 3.2 percent lower, the steepest fall among sectoral indices, as rising energy costs and supply-chain concerns weighed on stocks. High crude oil prices can add to fuel cost pressures for customers, while shortage of gas could disrupt component production.
Sensex Today | Stock Market Live: GIFT Nifty indicates a weak start; US, Asian fall
Sensex Today | Stock Market LIVE Updates: US stocks fell on Thursday, as Iranian strikes on two oil tankers sent crude prices surging toward $100 per barrel, further exacerbating inflation fears and sending investors fleeing equity markets.All three major U.S. stock indexes slid more than 1.5% in a broad selloff, with everything but energy and some defensive stocks suffering steep percentage losses. The S&P 500 notched its biggest three-day percentage drop in a month. The Dow Jones Industrial Average fell 739.42 points, or 1.56%, to 46,677.85, the S&P 500 lost 103.22 points, or 1.52%, to 6,672.58 and the Nasdaq Composite lost 404.15 points, or 1.78%, to 22,311.98.
Sensex Today | Stock Market Live: Sensex slips 470 pts, Nifty below 24,150; Max Healthcare, JSW Steel, SBI Life top losers
Sensex Today | Stock Market LIVE Updates: Nifty Midcap index up 0.2% and Smallcap indices up 0.7%. Among sectors, metal, media, realty, oil & gas, power up 0.5-1% each. Adani Ports, Interglobe Aviation, Wipro, NTPC and Hindalco are among major gainers on the Nifty, while losers are Tata Consumer, Max Healthcare, JSW Steel, SBI Life Insurance, Axis Bank.
Nifty recovers 200 points from intra-day lows; IT continues outperformance | Closing Bell
Indian equities erased all the intraday losses with Nifty back above 23,500. TCS, Infosys, HCL Tech, Tech Mahindra, Trent are among top gainers on the Nifty, while losers are NTPC, Power Grid Corp, Cipla, Dr Reddy's Labs and L&T. Among sectors IT index up 4%, while auto, metal, Consumer Durables, realty up 0.5% each. However, pharma, healthcare, power, media, energy down 0.5-1%. Nifty Midcap and Smallcap indices down marginally. Catch Lovish Darad in conversation with Market Experts.
Closing Bell: Sensex, Nifty end flat amid volatility; pharma, oil & gas gain, media falls
Bharat Electronics, Adani Ports, Sun Pharma, Bharti Airtel, Maruti Suzuki were among major gainers on the Sensex, while losers were Power Grid Corporation, Trent, Bajaj Finserv, HDFC Bank and Eternal. Among sectors, auto, pharma, oil & gas, PSU Bank telecom, metal added 0.4-1%, while media index shed 0.7%. Nifty Midcap index rose 0.6%, while smallcap index ended flat.
Taking Stock: Sensex rises 383 points, Nifty tops 23,400 as IT shares surge
More than 100 stocks touched their 52-week high on the BSE, including ACME Solar, IFCI, PTC Industries, HFCL, NMDC Steel, NMDC, among others.
Live: Nifty unfazed by US-Iran tensions, ends week with gains | Closing Bell
Markets trade firm with NIFTY gaining 100 points above 25,550 and Sensex up 300 points, even as India VIX jumps 7%. IT stocks extend losses for the third straight day, while Bank, Metal and FMCG counters see strong buying. Top Gainers: Hindalco Industries, NTPC, Larsen & Toubro Top Losers: Tech Mahindra, Infosys, Bharti Airtel Catch Lovisha Darad in conversation with Ajit Mishra, SVP Research, Religare Broking and market expert Sunil Subramanian