CLOSING BELL: IndusInd Bank, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the major gainers
Rising inflation has forced central banks, including the US Fed, to hike rates to tame inflation.
CLOSING BELL: Coal India, Adani Ports, Power Grid, Maruti Suzuki, Bajaj Auto, ONGC, Wipro, and Britannia Industries were the other laggards, down between 2.5 per cent and 4 per cent
Both foreign portfolio investors (FPIs) as well as domestic institutions were net buyers on Thursday
CLOSING BELL: 26 of the 30 Sensex constituents and 45 of the 50 Nifty constituents ended the day in the green led by HUL, HDFC Life, SBI Life, Asian Paints, UPL, PowerGrid, L&T, NTPC, SBI, and Infosys
The company's market valuation declined by Rs 31,727.37 crore to Rs 4,06,645.63 crore on the BSE
CLOSING BELL: Life Insurance Corporation of India (LIC) will come out with its IPO on May 4
One of the factors that lifted sentiment was China's pledge to boost monetary-policy support to bolster its Covid-19-hit economy
CLOSING BELL: Sectorally, all the indices ended in the green zone, led by the Nifty Realty and Auto indices, up 3.5 per cent and 3 per cent, respectively
Brent crude oil prices dropped close to 5 per cent due to demand concerns following news that lockdowns were spreading to Beijing
Fears of steeper interest rate hikes by the US Fed have made investors jittery globally.
CLOSING BELL: Bajaj Auto, HDFC Bank, ICICI Bank, Axis Bank, HDFC, Nestle India, Bharti Airtel, and Kotak Bank were the only gainers, rising up to 2 per cent
Equity markets may face volatility this week amid monthly derivatives expiry, and global trends along companies' quarterly earnings would continue to play a major role in trading, analysts said
Rising US yields halt indices after two days of gains
Analysts expect trend to persist till FY23 end, in light of headwinds
Persistent foreign capital outflows also dented investor sentiment, forex traders said
The Indian government has pegged LIC's valuation at around Rs 6 trillion, according to the sources
In tandem with the recovery in equities, the market capitalisation of BSE-listed firms jumped by Rs 5,74,427.92 crore in two sessions to stand at Rs 2,71,77,156.37 crore
Gains were led by heavyweights like RIL, Infosys amid strong global cues
Brokerages expect the firm's earnings before interest and tax (EBIT) margins to have fallen sequentially by up to 90 basis points on supply side pressures and subdued P&P performance.