Sensex Today: Live Stock Market Updates: Sensex Loses 850, Nifty Below 16,250; Tata Power drops the most in 6 months

0

!1 new updateClick here for the latest updates

IMPACT ON PROFITS: Tata Power shares fall the most in 6 months

Tata Power on Friday said its consolidated net profit for the March quarter stood at Rs 632.37 crore, up 31.41 percent from Rs 481.21 crore in the same quarter last year. The company said its operating revenue stood at Rs 11,959.96 crore, up 15.41% from Rs 10,362.60 crore in the corresponding quarter of the previous year. The board also recommended a dividend of Rs 1.75 per share.

Stock Alert: HDFC Bank Raises MCLR by 25bps Across Mandates: Informist

Vodafone Idea, Tata Power, HDFC Bank among most active stocks on NSE

Price as of May 09, 2022 09:21Click on company names for their live prices.

SECTOR WATCH

With the exception of Nifty Media, all indices traded in the red. Metal, followed by IT, was among the biggest losers in the sector space in the opening deals.

SECTOR WATCH

Sensex Heatmap: only 2 index values ​​in the green

  • Top winners: Power Grid, Titan
  • Main losers: TechM, TCS and Axis Bank
Sensex Heatmap: only 2 index values ​​in the green

OPENING BELL: Sensex drops 600 points, Nifty below 16,250; Tanks Tata Power 4%, Axis Bank 3%

JUST IN: The rupee falls to a record low of 77.1325/USD

JUST IN: The rupee falls to a record low of 77.1325/USD

Pre-open session: Sensex drops 470 points, Nifty below 16,150

Fourth quarter results today

Fourth quarter results today

SGX Nifty signals early gap down

Nifty futures on the Singapore Stock Exchange traded 195 points, or 1.19%, at 16,225, signaling that Dalal Street was heading for a negative start on Friday.

Tech View: Nifty50 Chart Signals Weakness Ahead

On Friday, the Nifty50 had an early gap, but avoided further dips to eventually form an indecisive Doji candle on the daily chart. The index is now trading below its major moving averages. Analysts said that while a small rebound cannot be ruled out, the lingering market pain is unlikely to subside in the near future.

Oil slides as investors eye EU vote on Russian oil ban

Oil prices fell early in Asian trading on Monday as investors eyed talks at the European Union on a Russian oil embargo that is expected to tighten global supply. Brent crude fell 67 cents, or 0.6%, to $111.72 a barrel, while U.S. West Texas Intermediate crude was at $109.02 a barrel, down 75 cents, or 0.7 %. Last week, both contracts rose for the second week in a row due to supply problems after the European Commission proposed a phased embargo on Russian oil. The proposal requires a unanimous vote of EU members.

Asian stocks open lower

Asian markets got off to a shaky start on Monday as U.S. equity futures skidded early on rate worries, while a tighter lockdown in Shanghai stoked worries about global economic growth and a possible recession . S&P 500 stock futures led the way down 1.0%, while Nasdaq futures lost 0.9%. MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 0.3% and the Japanese Nikkei 1.2%.

US stocks stabilized on Friday

Long-term U.S. Treasury yields jumped and global stock markets fell further on Friday as investors feared the Federal Reserve might not be able to rein in inflation in coming years, even as U.S. data showed a deceleration in wage growth in April. The S&P500 fell 23.53 points, or 0.6%, to 4,123.34. The Dow Jones Industrial Average fell 98.60 points, or 0.3%, to 32,899.37. The Nasdaq lost 173.03 points, or 1.4%, to 12,144.66. The Russell 2000 Small Business Index fell 31.58 points, or 1.7%, to 1,839.56.

REITs withdraw Rs 6,400 cr from the market in May so far

Foreign investors withdrew more than Rs 6,400 crore from the Indian stock market in the first four trading sessions of the current month when the Reserve Bank of India (RBI) and the US Federal Reserve raised interest rates. REITs remained net sellers for seven months to April 2022, pulling a massive amount of over Rs 1.65 lakh crore out of shares. This was largely due to the expectation of a rate hike by the US Federal Reserve and the deteriorating geopolitical environment following Russia’s invasion of Ukraine.

Rupee falls from 55 paise to 76.90 per dollar

After four days of victories, the rupee fell 55 paise to close at 76.90 against the US dollar on Friday as large outflows of foreign funds and tightening crude oil prices weighed on sentiment. Global sentiment was risk averse amid renewed worries about growth and inflation, which hit most emerging market currencies, traders said. In the interbank FX market, the rupee opened lower at 76.61 against the greenback, and traded in a range of 76.56 and 76.96.

Sensex, nice on Friday

Followed by weakness in global equities, India’s key stock market indexes, Sensex and Nifty, fell around 2% on Friday, led by strong selling in banking and IT stocks. The 30 S&P BSE Sensex shares fell 866.65 points or 1.56% to 54,835.58 points against the previous day’s close at 55,702.23 points. The National Stock Exchange’s broader Nifty 50 fell 271.40 points or 1.63% to 16,411.25 points against the previous day’s close at 16,682.65 points.

Hello, dear reader! Here’s something to start your trading day

Hello, dear reader!  Here's something to start your trading day
Share.

Comments are closed.