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Sebi rejigs market data advisory panel
Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy. Rejigging its market data advisory committee, Sebi has said the panel will now have 21 members, as per the latest information with the regulator.
Market live updates: IT company Cyient will acquire global plant and product engineering services company Citec for about Rs 800 crore to strengthen its business offerings. The stock traded over 2% lower.
Price as on 25 Apr, 2022 12:13 PM, Click on company names for their live prices.
SECTOR WATCH: Nifty Bank index trades in the green even as market bleeds
Gains in ICICI, Bandhan and Axis Bank offset losses in other constituents. Apart from Nifty Bank, Nifty Private Bank index was other index trading in the green.
Sri Lanka stock trading closed for the day as key index slumps
Stocks in Sri Lanka plunged, triggering a trading halt for the rest of the day, shortly after the market opened for the first time in two weeks. Sri Lanka’s blue-chip index sank 12.6%, exceeding the 10% drop that would result in an all-day suspension. Benchmark Colombo All-Share Index fell as much as 6.7% as investors worry about the nation’s economic crisis. (Source: Bloomberg)
Market live updates: Top 10 losers in the FMCG space
Price as on 25 Apr, 2022 11:18 AM, Click on company names for their live prices.
BSE TELECOM index tanks over 2%, worst sectoral loser
SBI Card partners with TCS to reimagine customer onboarding experience
Price as on 25 Apr, 2022 11:08 AM, Click on company names for their live prices.
Glenmark Pharmaceuticals on Monday said it has launched a novel fixed-dose combination (FDC) of Teneligliptin, with Pioglitazone in India for adults with uncontrolled Type 2 diabetes. Glenmark has launched this FDC under the brand name Zita Plus Pio, which contains Teneligliptin (20 mg) and Pioglitazone (15 mg), to be taken once a day, the company said in a statement.
Price as on 25 Apr, 2022 11:04 AM, Click on company names for their live prices.
BLOCK DEAL ALERT: 28.2 lakh Zomato shares exchange hands in a block deal
Price as on 25 Apr, 2022 10:55 AM, Click on company names for their live prices.
The 17180-290 band kept a stranglehold on the bounce back attempts on Friday, and the distribution thereof played out in line with the rejection theme that has been on ever since turning lower from the 18000 vicinity. The approach to the 17000-16800 region may see a slowdown in bearish momentum today, but may not interest bargain hunters as much as it did on its visit last week. Alternatively, a pull back above 17030-80 after initial dip, could delay the downside prospects, but may not prevent a slippage to 16470-300 in the next few days or 15800 later.
– Anand James – Chief Market Strategist at Geojit Financial Services
Market live updates: India VIX spikes 10%, tops 20 level
Welspun Corp received a major export order from South East Asia of approximately 55,000 MT, for manufacture and supply of pipes for a critical offshore application. This order would be executed from our facilities in India and majority of it would be supplied in this Financial Year, it said.
Price as on 25 Apr, 2022 10:19 AM, Click on company names for their live prices.
Market live updates: Nifty recovers from day’s low, back above 17,000 level
The benchmark Nifty50 recovered over 100 points from day’s low to trade above 17,000 level. It touched a low of 16,928 earlier today.
- Shares of Future Group stocks plummeted on Monday, with several plunging 20 per cent, as Reliance Industries said its Rs 24,713-crore deal to acquire Future Group’s assets cannot be implemented after secured creditors of the Kishore Biyani-led companies voted against the proposal.
- Flagship firm Future Retail was last trading 5 per cent lower on the BSE as was Future Enterprises. Future Consumer, Future Lifestyle Fashions and Future Supply Chain Solutions were each trading 20 per cent lower.
Indonesia’s ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium. Palm oil is the world’s most widely used vegetable oil and is used in the manufacture of many products including biscuits, margarine, laundry detergents and chocolate. India is the top palm oil importer, while China, Pakistan, Bangladesh, Egypt and Kenya are other major buyers.
Sensex today live: Index off day’s low, but still down over 500 points
BLOCK DEAL: SAIL
- 25.5 lakh equity shares traded in a block; stock down 2%
EARNINGS IMPACT: ICICI Bank holds firm even as broader market bleeds
Price as on 25 Apr, 2022 09:21 AM, Click on company names for their live prices.
Vodafone Idea, SAIL among most active stocks on NSE in early trade
Price as on 25 Apr, 2022 09:21 AM, Click on company names for their live prices.
Sector Watch: Realty biggest loser in opening deals
OPENING BELL: Sensex plunges 700 points, Nifty slips below 16,950; Future Retail falls 5%, HUL 2%
India’s oil import bill doubled in FY22
India’s crude oil import bill nearly doubled to $119 billion in the fiscal year that ended on March 31, as energy prices soared globally following the return of demand and war in Ukraine.India, the world’s third biggest oil consuming and importing nation, spent USD 119.2 billion in 2021-22 (April 2021 to March 2022), up from USD 62.2 billion in the previous fiscal year, according to data from the oil ministry’s Petroleum Planning & Analysis Cell (PPAC).
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 214 points, or 1.25 per cent, lower at 16,966, signaling that Dalal Street was headed for a negative start on Monday.
Asian shares bleed in early hours
Asian stocks opened lower on Monday after Wall Street shares plunged on anxiety over higher interest rates. Sell-off was seen across Asia and Wall Street ended the painful week. MSCI’s index of Asia-Pacific shares outside Japan was down by 1.65 per cent.Japan’s Nikkei plunged 1.91%Australia’s ASX 200 tanked 1.57%South Korea’s Kospi plunged 1.63%China’s Shanghai shed 2.45%Hong Kong’s Hang Seng fell 2.54%
Nifty50 on Friday fell below its 200-day simple moving average and formed a small bearish candle on the daily chart. On the weekly charts, it fell below the 50-period moving average and formed a long-legged Doji candle around the support level of 17,150 level, suggesting market indecisiveness.
India VIX rises
The fear gauge spiked as much as 3 per cent to 18.35 level on Friday over its close at 17.85 on Thursday.
US stocks slump on Friday
Wall Street tumbled more than 2.5 per cent on Friday, ensuring the three main benchmarks ended in negative territory for the week, as surprise earnings news and increased certainty around aggressive near-term interest rate rises took its toll on investors.Dow Jones tanked 2.82% to 33,811.40S&P 500 plunged 2.77% to 4,271.78Nasdaq dropped 2.55% to 12,839.29
Euro inches up
The euro gained a fraction in early trade on Monday following French President Emmanuel Macron’s comfortable Sunday defeat of far-right rival Marine Le Pen, the outcome largely expected by markets and political analysts.Dollar Index was pinned at 101.08Euro was bought at $1.0807Pound softened to $1.28275Yen struggled at 128.63 per dollarYuan exchanged hands at 6.5013 against the greenback
Oil extended losses
Oil prices extended losses on Monday amid persistent worries that prolonged COVID-19 lockdowns in Shanghai and potential US rate hikes would dent global economic growth and fuel demand.Brent crude futures slid $1.90, or 1.8 per cent, to $104.75 a barrel, while US West Texas Intermediate (WTI) crude futures fell $1.89, or 1.9 per cent, to $100.18 a barrel.
FIIs sell shares worth Rs 2,462 cr
Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune of Rs 2,461.72 crore, data available with NSE suggested. DIIs turned net buyers to the tune of Rs 1,602.35 crore, data suggests. FPIs have sold equities worth Rs 12,286 crore in between April 1-22 so far.
Q4 earnings today
Century Textiles & Industries, Tata Investment Corp, Mahindra CIE Automotive, GMDC, Tatva Chintan Pharma Chem, Meghmani Finechem, Maharashtra Scooters, Eveready Industries India, Snowman Logistics and Steel Exchange India are the companies that will announce their March quarter results today.
Stocks in F&O ban today
None of the stocks are under the F&O ban for Friday. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 per cent of the market-wide position limit.
Rupee drops 25 paise
The rupee declined by 25 paise to close at 76.42 against the US currency on Friday due to forex outflows and a stronger dollar which touched its 25-month high levels on expectations of a 50-basis point rate hike by the US Federal Reserve in May.
India 10-year bond jumped by 0.32 per cent to 7.16 after trading in 7.15 – 7.19 range on Friday.
The overnight call money rate weighted average stood at 3.53per cent on Friday, according to RBI data. It moved in a range of 2.20-3.90 per cent.