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Friday, May 20, 2022

Market Highlights: Sensex slips 656 points, Nifty ends below 18,000-mark amid weak global cues

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 60,098.82, down 656.04 points (1.08 per cent), while the Nifty 50 settled at 17,938.40, down 174.65 points (0.96 per cent).

By: Express Web Desk | New Delhi |
Updated: January 19, 2022 5:18:04 pm
stock markets, Sensex, equity schemes, Passive funds, India news, Indian express, Indian express news, current affairsThe rupee, meanwhile, fell to a record low for a second time this week, hitting 77.63 against the dollar in intra-day trade. The currency, however, made a partial recovery to settle at 77.50. (Express archive photo)

Share/Stock Live Updates: The topline equity indices on BSE and National Stock Exchange (NSE) continued their fall for the second straight day and ended around 1 per cent lower on Wednesday tracking weakness in the global market.

The S&P BSE Sensex fell 656.04 points (1.08 per cent) to settle at 60,098.82, while the Nifty 50 declined 174.65 points (0.96 per cent) to end at 17,938.40. Both the indices had opened around 0.5 per cent lower earlier in the day.

On the Sensex pack, Infosys was the top loser of the day followed by Asian Paints, Hindustan Unilever (HUL), Nestle India, Bajaj Finance and Wipro. On the other hand, State Bank of India (SBI), Tata Steel, Maruti Suzuki India, Axis Bank, Tech Mahindra and Mahindra & Mahindra (M&M) were the top gainers.

(with inputs from agencies)

Live Blog

Stocks, BSE Sensex, NSE Nifty, oil prices, gold, silver prices, commodity market and money markets live updates:

15:33 (IST)19 Jan 2022
Equity markets at close

The S&P BSE Sensex ended at 60,098.82, down 656.04 points or 1.08 per cent, while the Nifty 50 settled at 17,938.40, down 174.65 points or 0.96 per cent.

15:21 (IST)19 Jan 2022
Hero Electric and Mahindra ink pact to collaborate in EV space

In a significant development, Hero Electric and Mahindra Group on Wednesday announced a strategic pact in the electric vehicle space.

As part of the partnership, Mahindra Group will manufacture Hero Electric’s most popular electric bikes — Optima & NYX — at their Pithampur plant, in Madhya Pradesh to meet the growing demands of the market, the companies said in a joint statement. Click here to read

14:48 (IST)19 Jan 2022
SEBI launches Saa₹thi mobile app for investor education

Markets regulator Securities and Exchange Board of India (SEBI) on Wednesday launched “Saa₹thi” – a mobile app on investor education in Mumbai. The new app aims to create awareness among investors about the basic concepts of the securities market.

Additionally, the app will also explain about KYC process, trading and settlement, mutual funds (MF), recent market developments, investor grievances redressal mechanism, etc, the market regulator said in a press release. Click here to read

13:25 (IST)19 Jan 2022
Reliance Jio topples BSNL as largest fixed line broadband provider

In about two years of commercial roll out of its fixed-line broadband services, Reliance Jio has toppled 20 -year-old state-run telecom company BSNL as top service provider in the segment.

According to a monthly telecom subscribers report released by the telecom regulator Trai on Tuesday, Jio now leads the fixed-line broadband segment with 4.34 million customers. Click here to read

12:22 (IST)19 Jan 2022
AGS Transact Technologies IPO opens today: Everything you need to know

The initial public offering (IPO) of payment solutions provider AGS Transact Technologies opened for subscription on Wednesday, January 19, 2022. The offer got 59 per cent subscribed so far till 11:59 am on the first day of bidding.

It received total bids for 1,68,21,160 shares across both the stock exchanges against 2,86,74,696 shares on offer, data from BSE showed. Click here to read

10:46 (IST)19 Jan 2022
Rupee falls 12 paise to 74.70 against US dollar in early trade

The rupee declined by 12 paise to 74.70 against the US dollar in opening trade on Wednesday, as muted domestic equities and elevated crude oil prices weighed on investor sentiments.

At the interbank foreign exchange, the rupee opened weak at 74.70 against the US dollar, registering a decline of 12 paise from the last close. On Tuesday, the rupee slumped by 33 paise to close at a two-week low of 74.58 against the US dollar.


10:15 (IST)19 Jan 2022
Delhivery gets Sebi nod for Rs 7,460-crore IPO

Logistics startup Delhivery on Tuesday received the Securities and Exchange Board of India’s (Sebi) approval to raise Rs 7,460 crore through an initial public offering (IPO).

The company had filed its draft prospectus in November 2021. The IPO consists of a fresh issue of shares worth Rs 5,000 crore and an offer for sale (OFS) by existing investors amounting to Rs 2,460 crore, as per the company’s draft red herring prospectus (DRHP). Click here to read

10:11 (IST)19 Jan 2022
Reliance Jio pays Rs 30,791 crore for all spectrum acquired before March 2021

Telecom Reliance Jio on Wednesday said it has paid Rs 30,791 crore, including accrued interest, to the Department of Telecom to clear the entire spectrum payments liabilities that the company acquired before March 2021 auctions.

The payments include the liabilities pertaining to the spectrum acquired in auctions of year 2014, 2015, 2016, and the spectrum acquired in the year 2021 through trading of right to use with Bharti Airtel Limited, the company said. Click here to read

10:02 (IST)19 Jan 2022
Global market update

Asia's share markets struggled on Wednesday as U.S. Treasury yields hit fresh two-year highs and a global technology stock sell-off unsettled investors worrying about inflation and bracing for tighter U.S. monetary policy.

MSCI's broadest index of Asia-Pacific shares outside Japan reflected the sombre tone, trading down 0.1% in mid-morning trade after closing lower for four days straight.

Australia lost half a percent, while Japan's Nikkei slid 1.8% as technology stocks fell and worries over new curbs on businesses to halt a record surge in coronavirus cases curbed risk appetite.


09:59 (IST)19 Jan 2022
Equity market at open

The BSE Sensex dropped by over 200 points to 60,546.48 in opening trade while the NSE Nifty declined by 84.95 points to 18,028.10.


09:58 (IST)19 Jan 2022
Good morning!

Welcome to the markets live blog by Indian Express.

The benchmark equity indices on BSE and National Stock Exchange (NSE) ended around 1 per cent lower on Tuesday led by a last-hour selloff in market heavyweights Reliance Industries (RIL), Housing Development Finance Corporation (HDFC) and Infosys.

The S&P BSE Sensex fell 554.05 points (0.90 per cent) to end at 60,754.86 while the broader Nifty 50 crashed 195.05 points (1.07 per cent) to settle at 18,113.05.

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