Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended lower after a highly volatile session on Wednesday, dragged mainly by banking, metal and auto shares.
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The S&P BSE Sensex fell 145.37 points (0.25 per cent) to settle at 57,996.68 while the Nifty 50 slipped 30.25 points (0.17 per cent) to end at 17,322.20. Both the indices had opened on a positive note earlier in the day but swung back and forth during the day.
On the Sensex pack, NTPC, State Bank of India (SBI), Ultratech Cement, ICICI Bank, Tata Steel and Bajaj Finance were the top losers of the day while Housing Development Finance Corporation (HDFC), Bharti Airtel, Mahindra & Mahindra (M&M), Dr Reddy’s Laboratories, Kotak Mahindra Bank and Nestle India were the top gainers.
(with inputs from agencies) Read less
The frontline equity indices on the BSE and National Stock Exchange (NSE) snapped from their two-session losing streak and almost recouped from their Monday’s steep losses as they climbed over 3 per cent on Tuesday led by a broad-based buying following a report that some Russian troops were returning to their bases in areas near Ukraine.
The S&P BSE Sensex surged 1,736.21 points (3.08 per cent) to settle at 58,142.05 while the Nifty 50 climbed 509.65 points (3.03 per cent) to end at 17,352.45.
"Indian equities staged a rebound to recoup most of its losses in the mid-noon session on the back of de-escalating tensions along the Russia-Ukraine border. However, falling western markets prompted a quick sell-off during closing hours. In yet another blow to global inflationary pressure, UK’s inflation jumped to 5.5% in January recording a 30 year high, putting pressure on the Bank of England for a further rate hike sooner than earlier anticipated"
The S&P BSE Sensex ended at 57,996.68, down 145.37 points or 0.25 per cent, while the Nifty 50 settled at 17,322.20, down 30.25 points or 0.17 per cent.
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A boom in technology initial public offerings in India risks grinding to a halt after several of the country’s highest-profile startups tanked soon after listing.
A raft of prominent tech startups, including Oyo Hotels and logistics provider Delhivery, are pushing back their public debuts and preparing to reappraise target valuations, according to people familiar with the situation. The duo, both backed by SoftBank Group Corp., had been among the country’s highly anticipated offerings. Click here to read
An IPO or initial public offering is the process by which a privately held company, or a company owned by the government such as LIC, raises funds by offering shares to the public or to new investors. Following the IPO, the company is listed on the stock exchange.
While coming with an IPO, the company has to file its offer document with the market regulator Securities and Exchange Board of India (Sebi). The offer document contains all relevant information about the company, its promoters, its projects, financial details, the object of raising the money, terms of the issue, etc. Click here to read
The rupee appreciated 18 paise to 75.14 against the US dollar in the opening trade on Wednesday amid signs of de-escalation in the conflict between Russia and Ukraine.
At the interbank foreign exchange, the rupee opened at 75.24 against the American dollar and then inched higher to quote 75.14, registering a rise of 18 paise from the last close. On Tuesday, the rupee snapped its five-session losing streak and surged 28 paise to close at 75.32 against the US dollar.
(PTI)
Shares of Vedant Fashions, which owns ethnic wear brand Manyavar, debuted on a positive note and got listed at a premium of over 8 per cent from their issue price in the stock exchanges today.
The scrip got listed at Rs 936.00 apiece on the BSE, thereby registering a gain of 8.08 per cent from its offer price of Rs 866.00, while on the National Stock Exchange (NSE), it opened at Rs 935.00, up 7.97 per cent from the issue price. Click here to read
Asian shares rallied on Wednesday as fears of a Russian invasion of the Ukraine this week dissipated after Moscow indicated it was returning some troops to base from exercises, delivering investors a measure of relief.
The tension between world powers over the Ukraine situation, which has developed into one of the deepest crises in East-West relations for decades, has been front-and-centre of investors' minds.
MSCI's broadest index of Asia-Pacific shares outside Japan surged 0.9% in early regional trade on Wednesday, playing catch-up with a rally in U.S. and European stocks on Tuesday.
Japan's Nikkei soared 1.9% to rebound from two days of falls, while Australia's S&P/ASX200 gained half a percent. Elsewhere in the region, Hong Kong's Hang Seng Index jumped 1.1% early in the session, and China's CSI300 Index was up 0.4%.
(Reuters)
Sensex gains 88.53 pts to 58,230.58 in opening trade; Nifty up 31.40 pts at 17,383.85.
(PTI)