sensex today: Stock Market LIVE Updates: Sensex plunges 900 points, Nifty below 17,000; all sectoral indices bleed – Economic Times

Sensex Today Live Updates: Indian shares fell in early trading on Tuesday, dragged by automobile and energy stocks, in a risk-averse sentiment globally over the impact of high interest rates on economic growth, although gains in IT companies helped cap losses.

Top leaders at the World Bank and the International Monetary Fund had on Monday warned of a growing risk of a global recession.

In domestic trading, the Nifty’s automobile index and energy index fell 0.57% and 0.26%, respectively, while the IT index gained 0.52%.

Tata Consultancy Services Ltd swayed between losses and gains, after the IT major said it was seeing some softness in long-term deal decision making, though it reported a bigger-than-expected rise in quarterly profit on Monday.

IT service provider Infosys climbed 0.5% after it said late on Monday it will consider a proposal for share buyback on Thursday when it is scheduled to report its quarterly earnings.

Meanwhile, a Reuters poll found India’s retail inflation accelerated to a five month high of 7.30% in September due to surging food prices, staying well above the Reserve Bank of India’s tolerance band for a ninth month.

The data is due after market hours on Wednesday.

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Volatility gauge India VIX climbs 4% to 20.41

Volatility gauge India VIX climbs 4% to 20.41

SECTOR WATCH: A sea of red

SECTOR WATCH: A sea of red

Check out the worst performing stocks on NSE in afternoon trade

Price as on 11 Oct, 2022 03:05 PM, Click on company names for their live prices.

Nifty slides below 17K before it recovers partially

Nifty slides below 17K before it recovers partially

Sensex falls over 500 points

Sensex falls over 500 points

ITD Cementation secures orders worth ~ Rs 1,755 crore for construction projects in Sri Lanka, Odisha and Gujarat

Price as on 11 Oct, 2022 01:46 PM, Click on company names for their live prices.

RBI likely sold dollars, received forwards to stem rupee’s drop

The Reserve Bank of India likely sold dollars via state-run banks on Tuesday and conducted buy/sell swaps to limit the rupee’s losses, three traders told Reuters. The rupee was last trading at 82.3850, down from 82.32 in the previous session after hitting a record low of 82.6825 on Monday. The rupee has traded in a narrow range of about 8 paisa so far in the session.

Source: Reuters

RBI likely sold dollars, received forwards to stem rupee’s drop

JPMorgan CEO Dimon warns of recession in six to nine months

JPMorgan Chase & Co Chief Executive Jamie Dimon said the United States and the global economy could tip into a recession by the middle of the next year, CNBC reported on Monday. Runaway inflation, big interest rates hikes, the Russian invasion of Ukraine and the unknown effects of the Federal Reserve’s quantitative tightening policy are among the indicators of a potential recession, he said in an interview to the business news channel.

JPMorgan CEO Dimon warns of recession in six to nine months

Global Market Check

  • The Stoxx Europe 600 fell 0.8% as of 8:44 a.m. London time
  • Futures on the S&P 500 fell 0.7%
  • Futures on the Nasdaq 100 fell 0.7%
  • Futures on the Dow Jones Industrial Average fell 0.7%
  • The MSCI Asia Pacific Index fell 2%
  • The MSCI Emerging Markets Index fell 1.9%

Varanasi water supply body collaborates with ABB India for its smart technology to facilitate smooth, efficient and uninterrupted water supply to 60% of the city

Price as on 11 Oct, 2022 01:08 PM, Click on company names for their live prices.

European stocks extend losses at open

European stock markets fell further at the open on Tuesday as investors worry that massive hikes to interest rates will tip the global economy into recession. London’s benchmark FTSE 100 index dropped 0.7 percent to 6,913.13 points. In the eurozone, Frankfurt’s DAX index shed 0.8 percent to 12,174.69 points and the Paris CAC 40 lost 0.8 percent to 5,792.35.

European stocks extend losses at open

TRACXN TECHNOLOGIES IPO: Issue subscribed 38% so far on Day 2

  • Retail portion subscribed 2x so far on Day 2

The government has received about Rs 307 crore and Rs 20 crore from Oil India Ltd and MSTC, respectively, as dividend tranches. This was tweeted by the Department of Investment and Public Asset Management (DIPAM).

Price as on 11 Oct, 2022 12:32 PM, Click on company names for their live prices.

Mefcom Capital Markets announced a stock split in the ratio of 1:5 that means one share of Rs 10 face value each fully paid-up shall be split into 5 shares of face value of Rs 2 per equity share.

Price as on 11 Oct, 2022 12:15 PM, Click on company names for their live prices.

Will Q2 earnings season be good, bad or ugly for Nifty companies?

Pharma stocks in weak health: Divis Labs top loser, down 4%

Price as on 11 Oct, 2022 11:47 AM, Click on company names for their live prices.

BSE REALTY index tanks nearly 2%, worst sectoral performer

BSE REALTY index tanks nearly 2%, worst sectoral performer

Shares of Panacea Biotec hit the upper circuit at open on Tuesday as the company bagged a multimillion order for a long term supply from the global organisation. The biotechnology firm has received long-term supply orders worth $127.3 million (Rs 1,040 crore) from UNICEF and Pan American Health Organization (PAHO) for supply of its WHO pre-qualified fully liquid Pentavalent vaccine, Easyfive- TT.

Price as on 11 Oct, 2022 11:19 AM, Click on company names for their live prices.

Market LIVE Updates: IndusInd Bank block deal: 1.4% equity changes hands in 7 block deals

Price as on 11 Oct, 2022 11:18 AM, Click on company names for their live prices.

Top 10 gainers on NSE in morning session

Price as on 11 Oct, 2022 11:08 AM, Click on company names for their live prices.

Crypto Price Today: Bitcoin breaches $20K; XRP, Polygon & Polkadot gain up to 4%

Market Live Updates: Cummins Inc makes open offer to buy up to 26% stake in Automotive Axles; Cummins Inc’s open offer for Automotive Axles at Rs 1,504.43/share (Source: Exchange filing, Reuters)

Price as on 11 Oct, 2022 10:28 AM, Click on company names for their live prices.

Bond yields rise as 10-year U.S. yield nears 4%

ndian government bond yields were trading higher on Tuesday, tracking the relentless rise in U.S. yields as the 10-year yield inched closer to 4.00%.The benchmark Indian 10-year government bond yield was at 7.4816% as of 0435 GMT. The yield hit 7.5316% earlier in the day. It ended at 7.4758% on Monday, having risen by an aggregate 12 basis points in the last three sessions.

Bond yields rise as 10-year U.S. yield nears 4%

Top gainers in the IT software services pack

Price as on 11 Oct, 2022 10:11 AM, Click on company names for their live prices.

We had gone in yesterday having set a couple of milestones to confirm the 18100 trajectory. Of them, the close above 17160 is very encouraging, but we fell agonizingly short of seeing the17300 mark. We will keep faith in the recent patterns seeing them as bullish continuation, and look for 17500, should 17300 be reclaimed. Inability to float above 17160 may force us to abandon upside views, but will hope 16982 to mount a last defence beforea 16400 down move sets sail.

– Anand James – Chief Market Strategist at Geojit Financial Services

Market Live Updates: Rategain Travel Technologies selected by Royal Orchid Hotels for real time pricing insights and better connectivity

Price as on 11 Oct, 2022 09:50 AM, Click on company names for their live prices.

Sobha Q2 sales value up 13% YoY

  • Q2 sales value Rs 1,164 crore, up 13% YoY
  • Q2 average price realization Rs 8,709/sft, up 14% YoY

India’s largest software services exporter Tata Consultancy Services or TCS on Monday reported an 18% YoY growth in its revenue at Rs 55,309 crore for the quarter ended September 2022. Its net profit increased 8.4% YoY to Rs 10,431 crore.

Price as on 11 Oct, 2022 09:29 AM, Click on company names for their live prices.

Infosys to consider buyback with Q2 results on October 13

Price as on 11 Oct, 2022 09:26 AM, Click on company names for their live prices.

Look, which sectors are falling & rising in opening deals

Look, which sectors are falling & rising in opening deals

Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The global environment continues to be weak for markets with concerns of a US recession and possible hard landing rising. Clarity is yet to emerge on this. India’s market outperformance continues with Nifty declining less than 0.5 % yesterday in response to near 4% cut in Nasdaq on Friday. A significant factor contributing to this outperformance is that FII selling is getting completely absorbed by DII and retail buying. So even if FIIs continue to sell on rising dollar and US bond yields, that is unlikely to have a significant impact on markets. More important, the fundamentals of the Indian economy and corporates continue to be sound.

The Q2 results season has started off well with decent numbers from TCS which have beaten street estimates on most parameters. This and the news of buy back from Infosys will impart resilience to the IT segment. Financials too will come out with good numbers imparting strength to the market in the near-term.

OPENING BELL: Sensex sheds 130 points, Nifty below 17,250; India Cements falls 4%, Inox Wind rises 3%

OPENING BELL: Sensex sheds 130 points, Nifty below 17,250; India Cements falls 4%, Inox Wind rises 3%

Pre-open session: Sensex rise over 50 points; Nifty above 17,255

Asian shares slip following drop in US equities

Shares declined in Asia following a fourth straight drop in US equities amid persistent concern that rising interest rates and geopolitical threats will crimp global growth. Japan’s Topix index dropped 1.4% while South Korea’s Kospi index declined 2%.

SGX Nifty signals a muted start

Nifty futures on the Singapore Exchange traded 11.5 points, or 0.07 per cent, higher at 17,239.5, signaling that Dalal Street was headed for a muted start on Tuesday.

Quarterly earnings today

Delta Corp, GM Breweries, Trident Texofab, AAA Technologies, Gujarat Hotels and Supreme Infrastructure are among companies that will announce their quarterly earnings today.

Tech View: Buying at lower levels cheering Nifty bulls.

The overall structure shows that the index is likely to witness consolidation in the range of 17,000-17,500 in the coming sessions. Indicators such as RSI and MACD are indicating neutral views as of now in the daily chart.

Tokyo stocks open lower extending US falls

Tokyo stocks opened lower on Tuesday after a long weekend, tracking falls on Wall Street as investors braced for more large interest rate hikes from the US Federal Reserve.

Nasdaq registers lowest close since July 2020; chips stocks fall

U.S. stocks fell on Monday, with the Nasdaq posting its lowest close since July 2020, as investors worried about the impact of higher interest rates and pulled out of chipmakers after the United States announced restrictions aimed at hobbling China’s semiconductor industry.

Oil prices slide as dollar strengthens, China COVID-19 woes dampen demand

Oil prices fell on Tuesday, extending nearly 2% losses in the previous session, as a stronger U.S. dollar and a flare-up in COVID-19 cases in China increased fears of slowing global demand. Brent crude futures fell 57 cents, or 0.6%, to $95.62 a barrel by 0031 GMT, after falling $1.73 in the previous session.

Rupee drops 10 paise to close at all-time low of 82.40 per USD

The rupee slipped 10 paise to finish at a fresh lifetime low of 82.40 against the US dollar on Monday, weighed down by risk-averse sentiment among investors.

Sensex, Nifty on Monday

The 30-share Sensex fell 200 points to end at 57,991. Its broader peer, Nifty50, ended at 17,241, down 74 points.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day

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