Selling pressure from private banks such as HDFC Bank, ICICI Bank, Axis Bank, as well as stocks such as Maruti Suzuki and Reliance Industries are weighing on key indices. In total, 16 of the 30 Sensex stocks are trading in the red. The midcap and smallcap indices are down as much as 1%.
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Alert: Sensex clears losses, up 30 points; Smart above 17,400
Uday Kotak says Lehman moment of Evergrande China
Evergrande appears to be China’s Lehman moment. It reminds us of IL&FS. The Indian government acted quickly. As long as you calm down … https://t.co/Ix6iKyQb7c
– Uday Kotak (@udaykotak) 163220416000
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Any hawkish comment from Fed Chairman Jerome Powell at the two-day FOMC meeting, which begins today, will weigh on gold prices.
– Prathamesh Mallya, Angel Broking
Crypto alert: Bitcoin, Ethereum plunge to 7%
Midcap and smallcap indices take a hit, losing more than 1% each
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High Court ruling fails to lift EaseMyTrip actions; storage tanks 13% in two sessions
Price as of Sep 21, 2021 11:22Click on the names of the companies for their live prices.
Sensex slips into the red, loses 200 points; Smart tests 19,350
Selling pressure from private banks such as HDFC Bank, ICICI Bank, Axis Bank, as well as stocks such as Maruti Suzuki and Reliance Industries weighed on key indices. In total, 16 of the 30 Sensex stocks are trading in the red. The midcap and smallcap indices fell 1 percent.
IPO Paras Defense subscribed 4 times in 60 minutes!
Less than an hour after the tender, Paras Defense IPO sees bids 4 times Paras Defense and Space Technologies initial public offering (IPO) garnered strong investor attention on day one of the call for tenders and was oversubscribed within minutes. The issue gave rise to requests for 2 78 92 495 shares for a total issue amount of 71 40 793 shares. This means that the offer was subscribed almost 4 times in the 60 minutes of the tendering process.
SBI Card reaches 6% as Carlyle arm sells shares worth Rs 3,267 cr
Shares of SBI Cards & Payment Services fell 6% in trading on Tuesday as Carlyle Group likely sold shares of SBI Cards worth Rs 3,267 crore. US private equity fund CA Rover Holdings, a subsidiary of Carlyle Asia Partners, was looking to sell a 3.4% stake in SBI Cards worth $ 443 million (Rs 3,267 crore) through the platform. market form via bulk trades on Tuesday. Following the development, the stock fell 6 percent to a low of Rs 1,012.
Cryptocurrencies post a 5th consecutive week of influx
Investment products and cryptocurrency funds registered entries for the fifth week in a row as market sentiment on the sector continued to improve, data from digital asset manager CoinShares showed. Crypto entries were $ 41.6 million for the week ended September 17, with bitcoin getting the bulk of entries at $ 15.3 million and ethers at $ 6.6 million. The data showed that the entries were observed in all areas.
HCL Technologies climbs 3% on the deal won
Shares of HCL Technologies climbed 3.11% to peak at Rs 1,315.10t after IT company announced five-year digital transformation deal with MKS Instruments Inc. HCL will drive digital transformation and cloud-based for MKS Instruments via AI / ML -directed automation and enhanced user experience with end-to-end infrastructure services transformation.
Adani Ports obtains ICC approval for its stake in Gangavaram port
Shares of Adani Ports rose 1.3% to Rs 758.85 in Tuesday’s trading after fair trade regulator CCI approved Adani Ports’ acquisition of more than 10% of Gangavaram Port. The 10.4 percent stake would be acquired from the government of Andhra Pradesh.
Opening bell: Sensex wins 200 points, Nifty50 exceeds 17,450; HCL Tech gains 3%, TechM 1%
Pre-open session: Sensex exceeds by 15 pts; Smart above 17,450
SGX Nifty announces a positive start
Shrewd futures on the Singapore Stock Exchange traded 56.5 points, or 0.33%, up to 17,430, signaling that Dalal Street was heading for a positive start on Tuesday.
Tech View: Nifty Sends Sell Signal on MACD
Nifty50 was beaten on Monday, falling below the 17,400 mark, away from its immediate support at 17,500, to send weak signals. The fact that the index’s fall came after the black cloud cover formed on Friday and that the MACD momentum indicator sent “sell” signals suggests that the index could experience even more difficulty ahead. .
The main Asian markets closed today
Financial markets in China, South Korea and Taiwan are closed for holidays on Tuesday. Japan’s key Nikkei 225 index plunged 2.07% or 630.51 points to 29,869.54 at the start of trading. In Hong Kong, the Hang Seng Index lost 1.08%, or 259.96 points, to 23,839.18.
US stocks end sharply down
Wall Street fell in a wide sell-off on Monday, fears of contagion from the potential collapse of Evergrande in China prompted investors to pull back from stocks for safety’s sake. The Dow Jones Industrial Average lost 614.41 points, or 1.78%, to 33,970.47, the S & P500 Index lost 75.26 points, or 1.70%, to 4,357.73 and the Nasdaq Composite lost 330.07 points, or 2.19%, to 14,713.90.
The rupee falls 26 paise against the dollar
The Indian rupee fell 26 paise to close at 73.74 (provisional) against the US dollar on Monday, following a strong US currency in the overseas market and a moderate trend in domestic stocks. In the interbank forex market, the local currency opened at 73.82 and eventually settled for the day at 73.74 per dollar, down 26 paise from its previous close.
Sensex, owl on Monday
Sliding for the second session in a row, the 30-stock BSE Sensex finished 524.96 points or 0.89% lower at 58,490.93. The wider NSE Nifty fell 188.25 points or 1.07 percent to close at 17,396.90. Tata Steel was the big loser in the Sensex rankings, dropping 9.53%, followed by SBI, IndusInd Bank, HDFC, Dr Reddy’s, M&M and UltraTech Cement.