RBI hikes repo rate by 50 bps; here’s how rate sensitive stocks reacted
The BSE bankex index was the top performer with a 2% gain, led by Bank of Baroda, Federal Bank, Kotak Mahindra Bank, HDFC Bank, and SBI.
share market
September 2022
Nykaa shares jump 6% on bonus issue plan
After a blockbuster listing last year, shares of Nykaa currently trade 47% lower than its all-time high of ₹2,574 touched on November 26, 2021.
Sensex, Nifty to open higher; Suzlon, Ambuja Cements, Nykaa, Essar Shipping shares eyed
The Sensex and Nifty are poised to open higher on F&O expiry day, in line with global equities after the Bank of England intervened in the bond market to stabilise financial markets.
Shapoorji Pallonji’s Forbes & Co hits upper circuit for third day; here’s why
Forbes and Co share price surged 15% in three days after its board approved the demerger of its precision tools and machine parts business on Monday.
Tata Steel falls 7% in two days post merger announcement
Tata Steel share price dropped 3.3% to ₹96.55 on Tuesday, hitting its lowest level since the stock turned ex-date for a 1:10 stock split on July 28, 2022.
Bears hold grip on market; investors lose ₹13.3 lakh crore in 4 sessions
The BSE Sensex has fallen 2,575 points, or 4.3%, in the last four trading days, while the Nifty50 has lost 800 points, or 4.5%, during the same period.
TCS, Infosys, Wipro hit 52-week low on rate hike concerns
The IT heavyweights have declined up to 45% in the calendar year 2022 amid concerns about earnings in the backdrop of a muted demand environment and higher interest rates.
Harsha Engineers lists at 36% premium despite weak market trends
Post listing, Harsha Engineers shares surged as much as 46.9% to hit a high of ₹484.7, while it touched a low of ₹431 on the BSE.
From RBI policy to U.S. GDP data: Five factors that will impact trade this week
The Sensex and Nifty are poised to open lower on Monday, in line with Asian peers as interest rate hikes by the global central banks have strengthened fears of recession.
LIC hits fresh record low; falls 32% below issue price
LIC shares have eroded investors’ wealth by ₹1.9 lakh crore as m-cap fell to ₹4.1 lakh crore as compared to the valuation of around ₹6 lakh crore during the listing.
