Stock Market Crash Live Updates: Sensex down over 1%, Nifty below 17,650; RIL, HDFC twins, IT bad – Economic Times | Jewelry Dukan

Sensex Today Live: Indian shares were lower in early trade on Friday, weighed down by losses in technology and auto stocks amid broader weak sentiment over concerns about a global recession.

The Nifty IT index and the automotive index fell 1.1% and 0.5% respectively.

Broader Asian stocks also fell on Friday after US stocks suffered sharp losses overnight on fears of aggressive tightening by the Federal Reserve amid warnings of a global recession from the World Bank and International Monetary Fund.

Ratings agency Fitch earlier this week cut India’s full-year gross domestic product growth forecast to 7% from 7.8% amid a slowdown triggered by global economic stress, elevated inflation and tighter monetary policy.

!1 New updateClick here for the latest updates

JUST IN: FMR LLC and FIL announce a 5.06% interest in Zomato

Source: Agencies

TechM, L&T Infotech, Mindtree among the top losers from the IT package

Price from 09/16/2022 10:55 a.mClick on company names for their live prices.

Godrej Properties announced on Friday that it has achieved sales bookings worth Rs 1,210 crore in its two new residential projects in Mumbai. Godrej Properties, part of the business conglomerate Godrej Group, is one of the leading real estate developers in the country.

Price from 09/16/2022 10:25 a.mClick on company names for their live prices.

UPL said it has acquired 26 percent stake in Clean Max Kratos Pvt Ltd, which is engaged in renewable energy. Clean Max was incorporated on July 28th with a paid up capital of Rs 1 lakh. The company, which specializes in generating solar/wind energy, has yet to start operations.

Price from 09/16/2022 10:14 a.mClick on company names for their live prices.

Top Sensex Drags: RIL, HDFC twins, IT stocks

Top Sensex Drags: RIL, HDFC twins, IT stocks

Sensex extends falls, falls over 700 points

Sensex extends falls, falls over 700 points

India’s current account deficit is likely to have risen to a near decade high

India’s current account deficit likely widened to its highest level in almost a decade in the April-June quarter, buoyed by rising global commodity prices and the largest capital outflows since the 2008 global financial crisis, a Reuters poll has found.

With the Indian rupee near a record low of around 80 against the US dollar and a worsening trade gap, concerns over the size of the current account deficit for Asia’s third largest economy, which has been eroding investor confidence for months, will intensify.

The median forecast in a Sept. 9-15 Reuters poll of 18 economists showed India’s current account deficit was $30.5 billion, or 3.6% of gross domestic product, in the most recent quarter, the widest in nine years.

BLOCK DEAL IN EMBASSY REIT: 1.45 Cr shares changing hands

BLOCK DEAL IN EMBASSY REIT: 1.45 Cr shares changing hands

Market assessment: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The market is showing the first signs of fatigue. The biggest concern globally right now is that the Fed could override the economy and end up raising rates too quickly, pushing the US economy into a sharp recession. There is talk of the Fed’s final rate going up to 4.25%. Soaring interest rates, rising bond yields and a strengthening dollar are negative for stocks. In this challenging environment, it would be difficult for India to maintain the decoupling from the global trend, which is a current pattern in India. In addition, FIIs have stopped their persistent buying and have become sellers, although this is not yet a trend.

Investors can wait and watch until the end of the September 21 Fed meeting.
Bank Nifty continues to be strong.

Bitcoin Below $20,000, Ether Breaks $1,500; Altcoins tank

Vedanta on Thursday issued a clarification that its proposed semiconductor manufacturing business will be acquired by its ultimate holding company, Volcan Investments Limited.

Price from 09/16/2022 09:26 amClick on company names for their live prices.

Vedanta, Voda Idea are among the most active stocks on the NSE

Price from 09/16/2022 09:24 amClick on company names for their live prices.

The successful close above the 79.60-79.70 region suggests the start of directional moves or at least range widening. This paves the way for 80.10-80.30 in the near term as long as 79.60 holds.

– Anand James – Chief Market Strategist at Geojit Financial Services on Rupee

Red Sea…all sectors are trading lower on opening trades

  • IT continues to be at the bottom; Metal, car also bleed over 1% each
Red Sea...all sectors are trading lower on opening trades

Sensex Heatmap: 27 out of 30 index stocks are trading with cuts

Sensex Heatmap: 27 out of 30 index stocks are trading with cuts

OPENING BELL: Sensex loses 400 points, Nifty approaches 17,750; Vedanta falls 6%, TechM 2%

OPENING BELL: Sensex loses 400 points, Nifty approaches 17,750;  Vedanta falls 6%, TechM 2%

Sensex loses 300 points, Nifty approaches 17,750 in pre-open session

Asian markets weaken as IMF and World Bank point to recession risks

Asian markets were weaker on Friday as investors braced for a US interest rate hike next week, amid concerns over a global recession following warnings from the World Bank and International Monetary Fund.

SGX Nifty signals a negative start

Slick futures on the Singapore Stock Exchange traded 111 points, or 0.62 percent, lower at 17,768, suggesting Dalal Street was heading for a negative start on Friday.

Tech View: Nifty50 forms a bearish candle

The Nifty failed to hold the 18,000 level on Thursday, closing with a bearish candle on the daily charts.

Tokyo stocks open lower, extending US losses

Tokyo stocks opened lower on Friday after Wall Street stocks tumbled, hit again by worrying economic data and concerns about the impact of more aggressive Federal Reserve measures next week.

Wall Street plunges amid rising Fed nervousness

Wall Street closed sharply lower on Thursday, extending losses in late afternoon trading as a slew of economic data failed to change the expected course of aggressive tightening by the Federal Reserve amid growing warnings of a global recession.

Oil extends losses on recession fears

Oil prices tumbled in early trade on Friday, extending the week’s losses as concerns over tight supply were outweighed by escalating fears of sharp rate hikes sapping global growth and hitting fuel demand.

The rupee falls 19 paise to 79.71 against the US dollar

The rupee fell 19 paise to close at 79.71 against the US dollar on Thursday, weighed down by a firm US currency and a negative trend in domestic equities.

Sensex, Nifty on Thursday

The 30-stock Sensex package fell 412.96 points to end at 59,934.01. Its broader competitor, Nifty50, ended below the 17,900 mark.

Good morning, dear reader! Here’s something to boost your trading day

Good morning, dear reader!  Here's something to boost your trading day

Leave a Comment