Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) slipped for the third consecutive day, falling marginally lower on Friday as participants remained cautious tracking other Asian markets amid geopolitical uncertainties in Ukraine-Russia.
Read More
The S&P BSE Sensex fell 59.04 points (0.10 per cent) to settle at 57,832.97 while the Nifty 50 slipped 28.30 points (0.16 per cent) to end at 17,276.30. Both the indices had opened on a slightly negative note earlier in the day and traded in a range moving back and forth before ending with marginal losses.
On the Sensex pack, Ultratech Cement, mahindra & Mahindra (M&M), Infosys, Reliance Industries (RIL), Bajaj Finance and Nestle India were the top losers on Friday while Housing Development Finance Corporation (HDFC), Larsen & Toubro (L&T), Axis Bank, State Bank of India (SBI), Dr. Reddy’s Laboratories and Kotak Mahindra Bank were the gainers.
(with inputs from agencies) Read less
After a largely rangebound trade session, the topline equity indices on the BSE and National Stock Exchange (NSE) ended marginally lower on Thursday weighed by weakness in the banking stocks.
The S&P BSE Sensex fell 104.67 points (0.18 per cent) to settle at 57,892.01 while the Nifty 50 slipped 17.60 points (0.10 per cent) to end at 17,304.60.
"Domestic equities struggled for a firm direction in today’s volatile trade as the market opened low taking cues from yesterday’s sell-off in Wall Street following the release of FOMC meeting minutes. Reports that the US Secretary of State agreed to meet the Russian foreign minister in order to ease tension helped the domestic market to wipe-off early losses though sell-off was seen in late hours. As current global cues are forcing global equities to remain unstable, the domestic market is also expected to continue its volatile trend in the coming days"
The S&P BSE Sensex ended at 57,832.97, down 59.04 points or 0.10 per cent, while the Nifty 50 settled at 17,276.30, down 28.30 points or 0.16 per cent.
The Felicity Ace, a massive Panama-flagged cargo ship carrying thousands of Volkswagen Group vehicles, caught fire near the Azores islands in the Atlantic Ocean Wednesday afternoon.
The ship’s 22 crewmembers were successfully evacuated and taken to a local hotel by the Portuguese Navy and Air Force, who were deployed to help with the rescue effort, according to a statement from the Navy. The ship itself was left unmanned and adrift. Click here to read
Renewable energy plants set up before 2025 to power the production of green hydrogen or green ammonia will get free inter-state power transmission for 25 years. To reduce carbon emissions and boost domestic production of green hydrogen to 5 million tonnes by 2030, the Centre on Thursday announced the green hydrogen/ ammonia policy.
The Power Ministry said renewable energy plants of green hydrogen and green ammonia producers will be given connectivity to the grid on a priority basis and will be permitted to bank surplus energy with discoms for 30 days, and withdraw it as required. Click here to read
HDFC chairman Deepak Parekh on Thursday said interest rates in the country were at the bottom and reiterated that the demand for housing in India continues to remain “extremely robust”. “There is sufficient confidence in the central bank that any increase in interest rates will be calibrated and non-disruptive,” he added.
“The RBI has articulated that growth will continue to remain a priority and the RBI has also indicated that despite inflation currently being at the upper band of its target range, it will be manageable and the RBI at this juncture envisages some easing of prices going forward,” Parekh said at the CII Real Estate conference. Click here to read
India’s popular e-commerce website IndiaMart.com and four other markets, including New Delhi’s famous Palika Bazaar, have figured in the latest annual list of the world’s notorious markets released by the US Trade Representative.
The 2021 Notorious Markets List released on Thursday identified 42 online and 35 physical markets around the world that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy. Click here to read
The rupee opened on a flat note against the US dollar in opening trade on Friday as caution set in amid worries about escalating Russia-Ukraine tensions.
At the interbank foreign exchange, the rupee witnessed range-bound trade as it opened at 75.03 against the US dollar, saw an early high of 75.02 and a low of 75.05 against its previous close of 75.06.
(PTI)
Stocks fell Friday in Asia after a retreat on Wall Street as escalating worries over the possibility Russia may invade Ukraine rattled global financial markets.
Benchmarks were moderately lower in Tokyo, Hong Kong, Sydney, Seoul and Sydney.
On Thursday, the S&P 500 fell 2.1 per cent, its biggest drop in two weeks, the Dow Jones Industrial Average declined 1.8 per cent and the Nasdaq composite slid 2.9 per cent. The losses wiped out the major indexes' weekly gains.
Tokyo's Nikkei 225 index lost 0.5 per cent to 27,094.16, while the Hang Seng in Hong Kong gave up 0.6 per cent to 24,647.07. The Kospi in Seoul lost 0.1 per cent to 2,739.93. Australia's S&P/ASX 200 declined 0.6 per cent to 7,249.50. The Shanghai Composite index was almost unchanged at 3,468.83.
(AP)
Sensex drops 142 pts to 57,750 in opening deals; Nifty down 48.60 pts at 17,256.
(PTI)