The 30-share BSE benchmark pared all intra-day gains and declined 136.69 points or 0.26 per cent to end at 52,793.62
CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates
Volatility will remain because of tightening liquidity, uncertainty on earnings growth, say market experts
Markets have been falling for five straight sessions and the BSE benchmark has tumbled 2,771.92 points, or 4.97%, during this period
In Q4FY22, the bank's standalone net profit dropped 66 per cent YoY to Rs 201 crore as the bank set aside Rs Rs 325 crore on account of a fraud.
CLOSING BELL :: The S&P BSE Sensex opened gap-down and sunk 1,386 points intra-day to hit a low of 52,702 levels
From this year's peak in January, both indices are down nearly 12 per cent
Lack of fresh positive cues is forcing investors to dump equities and switch to safer havens like gold, says an expert
In the primary market, Venus Pipes & Tubes IPO was subscribed 2 times on Day 1 of the offer period; Delhivery IPO was off to a slow start.
Hindustan Unilever and Asian Paints gained the most at 3.24 per cent and 2.5 per cent, respectively
Indian equity mutual funds have lured billions of dollars in inflows over the last couple of years amid a retail-investing boom
The BSE Midcap and Smallcap indices ended with heavy losses of over 2 per cent each. Debutant Rainbow Children's Medicare ended a steep discount of 17 per cent to its issue price.
European and Asian equities traded weak on concerns around world economic growth amid surging inflation, monetary tightening, and a slowdown in China's export
In a Q&A, Prateek Agrawal, who is also the firm's CIO, says given the strength in overall earnings as seen in FY24 EPS outlook, the direction of the market is likely to be positive
The broader markets ended with deeper losses, with both the BSE Midcap and Smallcap indices down over 1.5 per cent each; the breadth too at 2:1 was in favour of the bears.
Record-high inflation levels, dented prospects of corporate profitability and likelihood of contraction in economic growth continue to batter equities.
The Midcap and Smallcap indices declined over 2 per cent each; The breadth too favoured the bears in 3:1 ratio.
CLOSING BELL: Around 3:30 PM, the mega IPO of Life Insurance Corporation (LIC) was subscribed 91 per cent with policyholders' quota seeing a subscription of 2.79 times
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.