Sensex Today: Stock Market LIVE Updates: Sensex tanks 450 points on global selloff; Nifty below 17,100; Bajaj Finance tumbles 4% on Q4 show; Rainbow Medicare IPO opens

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Vibha Padalkar of HDFC Life on the quarter gone by and what helped the company’s VNB margins zoom

NTPC has collaborated with Swiss firm Energy Vault for deployment of gravity-based energy storage technology and software solutions based on the outcome of a joint feasibility study. NTPC has signed a Memorandum of Understanding (MoU) with Energy Vault Holdings, Inc (Energy Vault) in this regard, a statement said.

Price as on 27 Apr, 2022 11:42 AMClick on company names for their live prices.

Stocks in Sri Lanka rebound as World Bank to grant financial aid

Sri Lanka stocks rallied, heading for their first day of gains since April 5, after the World Bank said it will allocate funds to ease the nation’s economic crisis. The Colombo All-Share Index climbed as much as 5%, after losing about 15% in the past two days. The bluechip S&P Sri Lanka 20 Index surged more than 10%. Trading had to be suspended within minutes of the open in the prior two sessions as the S&P gauge fell by its daily set limit.

Top 5 losers on NSE in morning session

Price as on 27 Apr, 2022 11:10 AMClick on company names for their live prices.

BUZZING STOCK: RIL shares hit fresh high

The market cap of RIL swelled to Rs 19 lakh crore

BUZZING STOCK: RIL shares hit fresh high

IPO Update: Rainbow Children’s Medicare subscribed 10% within half hour

  • Retail portion subscribed the most at 19% of the issue allocated to them. HNI and employee portion 1% each.
IPO Update: Rainbow Children's Medicare subscribed 10% within half hour

Market live updates: IT index top sectoral loser on NSE

  • All index constituents in the red
  • Mindtree, Wipro among top losers from the pack
Market live updates: IT index top sectoral loser on NSE

If corrections do not extend much beyond the 17080-30 region, we will remain hopeful for ascent resuming towards the 17270-400 band. A close below the same, or a direct fall below 16900, would lend momentum to the 16400-15800 move.

– Anand James – Chief Market Strategist at Geojit Financial Services

Lupine today announced that it has entered into a strategic partnership with Yabao Pharmaceutical Co. Inc. (Yabao), to meet the growing demand for quality drugs with pediatric formulations in the Chinese markets.

Price as on 27 Apr, 2022 10:09 AMClick on company names for their live prices.

LIC IPO a compulsory subscription for all retail investors: Aditya Shah

On the valuation front, the government has priced the IPO in a way that the downside is very limited. The government can see an upside for the IPO as time passes. So the cons will always be there for the government to use the institution to its own advantage. However, the good work that LIC is doing in the life insurance space cannot be ignored. I for one feel that at these valuations, it is a compulsory subscription for all retail investors.

Market View: UK Vijayakumar, Chief Investment Strategist, Geojit Financial

The roller coaster ride in markets is set to continue in the near-term. With the 3.95% sell-off yesterday Nasdaq is now 23% down from its record highs and, therefore, can be said to be in bear market territory. But yesterday’s fall has more to do with Tesla’s 12% crash and therefore a bounce back cannot be ruled out.

The real worry for markets now is a possible sharp global slowdown triggered by the coming aggressive monetary tightening in the US, severe Covid-related lockdowns in China and woes in the Euro Zone caused by the Ukraine war. The dollar index moving above 102 and the US 10-year bond yield dipping to 2.7% reflect this growth slowdown fears.

In India there are clear signs of improvement in business sentiments. Investors can use the sharp dips in markets to buy value stocks like the leading banks.

Ahead of earnings …

Price as on 27 Apr, 2022 09:44 AMClick on company names for their live prices.

EARNINGS IMPACT: Bajaj Finance shares tank 4% post March quarter earnings

EARNINGS IMPACT: Bajaj Finance shares tank 4% post March quarter earnings

Vodafone Idea, Adani Power, YES Bank among most active stocks on NSE

Price as on 27 Apr, 2022 09:20 AMClick on company names for their live prices.

Sector Watch: All indices bleed

Sector Watch: All indices bleed

Sensex Heatmap: Barring Sun Pharma, all index constituents in the red in opening session

  • Bajaj twins top losers in morning trade followed by L&T, Ultratech Cement
Sensex Heatmap: Barring Sun Pharma, all index constituents in the red in opening session

OPENING BELL: Sensex drops 400 points, Nifty below 17,100; Bajaj Finance tanks 3%, Adani Power jumps 5%

HUL, Bajaj Auto among cos that will report Q4 results today

HUL, Bajaj Auto among cos that will report Q4 results today

Pre-open session: Sensex drops 300 points, Nifty50 holds above 17,100

SGX Nifty signals gap-down start

Nifty futures on the Singapore Exchange traded 219 points, or 1.27 per cent, lower at 17,009, signaling that Dalal Street was headed for a gap-down start on Wednesday.

Tech View: Nifty50 support seen at 17,050 level

Nifty50 on Tuesday filled up the recent gap area of ā€‹ā€‹17,054-17,149 and settled above the 17,200 level on a closing basis. It was only a few points away from its 200-day simple moving average. Analysts see tough resistance ahead. They feel that failure to take out 17,400-450 levels could bring selling pressure to the index. Support seen at 17,050 level, they said.

Dollar nears pandemic peaks as investors seek safety

The dollar stood at its highest level since the early days of the pandemic on Wednesday and was heading for its best month since 2015, supported by the prospect of US rate hikes and on safe-haven flows fanned by slowing growth in China and Europe. The US dollar index, which measures the greenback against a basket of six major currencies, sat by its overnight high of 102.37, the strongest it has been since March 2020.

Oil prices extend gains after news of China stimulus

Oil prices rose in early Asian trade on Wednesday, extending gains from the previous session after China’s central bank said it would support its economy. Brent crude futures rose $ 1.11, or 1.1%, to $ 106.10 a barrel. US West Texas Intermediate crude futures rose 84 cents, or 0.8%, to $ 102.54 a barrel. Crude prices rose about 3% in the previous session in volatile trade.

Hong Kong stocks drop at open

Hong Kong stocks fell at the start of Wednesday’s trade following a route on Wall Street fueled by fears about the economic outlook owing to a range of problems including China’s Covid lockdowns and US interest rate hike plans. The Hang Seng Index shed 1.06 percent, or 211.25 points, to 19,723.46. The Shanghai Composite Index lost 0.68 percent, or 19.61 points, to 2,866.82, while the Shenzhen Composite Index on China’s second exchange dropped 1.28 percent, or 22.43 points, to 1,729.85.

Nikkei index slips more than 2% in early trade

Tokyo’s key Nikkei index slipped more than two percent in early trade Wednesday extending a route on Wall Street where fears grew over a global economic slowdown. The Nikkei 225 index was down 2.33 percent, or 621.90 points, at 26,078.21 about 10 minutes after the opening bell, while the broader Topix index was down 1.86 percent, or 34.91 points, at 1,843.60.

US stocks settle sharply lower

Wall Street ended sharply lower on Tuesday, with the Nasdaq closing at its lowest since December 2020 as investors worried about slowing global growth and a more aggressive Federal Reserve. The Dow Jones Industrial Average fell 2.38% to end at 33,240.18 points, while the S&P 500 lost 2.81% to 4,175.2. The Nasdaq Composite dropped 3.95% to 12,490.74. Of the 134 companies in the S&P 500 that reported earnings so far, 80.6% topped analysts’ profit expectations, according to Refinitiv data. In a typical quarter, 66% beat estimates.

Rupee recovers to 76.60 against dollar

Snapping its two-day losing streak, the rupee rose by 4 paise to 76.60 against the US dollar on Tuesday, following a rebound in regional currencies and domestic equities. However, the appreciation bias in the local unit will be capped in the near-term amid fears about the economic impact of China’s COVID-19 lockdowns and an aggressive pace of US rate hikes, traders said.

Sensex, Nifty on Tuesday

Benchmark indices rebounded sharply on Tuesday after sliding for the past two sessions, propelled by bargain hunting in energy, auto and consumption stocks amid a largely supportive trend overseas. The 30-share BSE Sensex jumped 776.72 points or 1.37 per cent to end at 57,356.61. Similarly, the broader NSE Nifty rallied 246.85 points or 1.46 per cent to 17,200.80.

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

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

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