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Economic Times | 22 Feb, 2023 | 11:40AM IST
Stock Market Crash Today LIVE Updates: Sensex tanks 500 pts, Nifty below 17,800; Adani Power jumps 5%, Delhivery sheds 3%
Sensex Crash Today Live: Indian shares fell on Wednesday after strong economic data from the U.S. kept investors worried that central banks would have to keep raising interest rates, while markets waited for minutes from the Federal Reserve's latest monetary policy meet.
The Nifty 50 index was down 0.81% at 17,682.95, while the S&P BSE Sensex fell 0.78% at 60,200.24 as of 09:51 a.m. IST.
Twelve of the 13 major sectoral indexes fell, with high-weightage financials dropping 0.75% and information technology stocks losing nearly 1%, respectively.
All 10 constituents of the IT index logged losses.
Global markets fell after an unexpectedly strong reading of S&P Global's composite purchasing managers' index (PMI) showed that the U.S. economy was not cooling.
The Nifty 50 index was down 0.81% at 17,682.95, while the S&P BSE Sensex fell 0.78% at 60,200.24 as of 09:51 a.m. IST.
Twelve of the 13 major sectoral indexes fell, with high-weightage financials dropping 0.75% and information technology stocks losing nearly 1%, respectively.
All 10 constituents of the IT index logged losses.
Global markets fell after an unexpectedly strong reading of S&P Global's composite purchasing managers' index (PMI) showed that the U.S. economy was not cooling.
!1 New UpdateClick here for latest updates
Market Live Updates: Shares of Delhivery fell close to 4% in intraday deals on Wednesday amid huge spike in volumes and reports of a block deal. The stock was last trading at Rs 342.65 a piece on NSE, down 1.79% from previous close.
Price as on 22 Feb, 2023 11:26 AM, Click on company names for their live prices.
Market Live Updates: Shares of IRB Infrastructure Developers, which has given multibagger returns to investors in the last three years, rallied over 6% to Rs 31.6 in Wednesday's trade on BSE after turning ex-date for the stock split in the ratio of 1:10.
Price as on 22 Feb, 2023 11:19 AM, Click on company names for their live prices.
Sensex Live Updates: Nikkei drops to 1-month low on political tensions, rate-hike worries
Japan's Nikkei share average slid to a one-month low on Wednesday under broad selling pressure piled on by rising global political tensions and worries that U.S. rate hikes will end up slowing down the world's economy.
The Nikkei was down 1.3% by the market lunch break in Tokyo and will mark its worst performance in about a month if losses hold. There were just 12 gainers in the index against 211 decliners. The broader Topix fell 1.1%.
Bellwether stocks such as job search provider Recruit Holdings and Uniqlo owner Fast Retailing were among the biggest drags on the market.
Fast Retailing dropped nearly 2%, as weak outlooks from U.S. retailers Home Depot and Walmart dented confidence. Recruit fell 3% to a 2-1/2-year low.
The Nikkei was down 1.3% by the market lunch break in Tokyo and will mark its worst performance in about a month if losses hold. There were just 12 gainers in the index against 211 decliners. The broader Topix fell 1.1%.
Bellwether stocks such as job search provider Recruit Holdings and Uniqlo owner Fast Retailing were among the biggest drags on the market.
Fast Retailing dropped nearly 2%, as weak outlooks from U.S. retailers Home Depot and Walmart dented confidence. Recruit fell 3% to a 2-1/2-year low.
Market Live Updates: Sebi seeks details on ratings of Adani companies' loans and securities
The Indian capital markets regulator has sought details of all ratings of local loans and securities of Adani group companies from credit rating firms.The rating companies were told last week by the Securities and Exchange Board of India (Sebi) to share the information, which would include all outstanding ratings, outlook, and possible updates from any discussions with officials of the business group.
Market Live Updates: Metal stocks fall upto 3%; check out the top losers from the pack
Price as on 22 Feb, 2023 10:39 AM, Click on company names for their live prices.
Spicejet falls 4%, Adani Ent 7% | Take a look at the top losers
Price as on 22 Feb, 2023 10:21 AM, Click on company names for their live prices.
Sensex Live Updates: Sensex tanks over 500 pts!
Sectoral Watch: Nifty Metal, Oil & Gas sheds over 1%
Rupee falls 3 paise to 82.82 against US dollar in early trade.
Market Live Updates: Patel Engineering declares L1 for Water Tunnel Project and Micro Irrigation Project worth Rs. 1,026 crore from CIDCO, Visvesvaraya Jala NigamLimited
Price as on 22 Feb, 2023 09:46 AM, Click on company names for their live prices.
Nifty deravative by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty weekly contract has highest open interest at 18000 for Calls and 17500 for Puts while monthly contracts have highest open interest at 18000 for Calls and 17500 for Puts. Highest new OI addition was seen at 18150 for Calls and 17800 for Puts in weekly and at 18150 for Calls and 17800 for Puts in monthly contracts. FIIs increased their future index long position holdings by -0.91%, increased future index shorts by -8.62% and in index options by -16.67% in Call longs, -4.72% in Call short, -21.72% in Put longs and -0.44% in Put shorts.
The US macro data continues to dictate equity markets globally. The US markets reacted sharply negatively to the series of economic data indicating that the process of disinflation is slow and, therefore, the Fed will have to continue raising rates longer than expected earlier. This pushed up the 10-year bond yield sharply to 3.95% and stocks fell sharply. These negative US equity market trends are impacting equity markets everywhere and India cannot be an exception to this trend at least in the near-term.Investors should ignore these short -term gyrations and focus on slowly accumulating high quality growth stocks which will bounce back smartly when the present near-term gyrations die down. Indian economic growth prospects continue to remain strong and all domestic demand driven sectors will continue to do well, going forward.
- Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Check out the top movers in morning trade
Price as on 22 Feb, 2023 09:24 AM, Click on company names for their live prices.
Opening Bell: Sensex falls nearly 300 pts, Nifty below 17,800; Adani Power jumps 5%, Delhivery sheds 3%
Sensex Today |Pre-open session: Sensex slips 250 points; Nifty below 17,760
Market Live Updates: Oil steadies as investors await U.S. Fed Reserve comments
Oil prices were steady on Wednesday as investors await the U.S. Federal Reserve's comments after recent data pointed to the possibility of more interest rates hikes, which may lower economic growth and limit global fuel demand.
Asia equities fall on fear of hawkish central bank hikes
Asian share markets followed Wall Street into the red on Wednesday as surprising strength in global surveys of services stoked fears that central banks would have to lift interest rates yet further and keep them up for longer.
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 73.5 points, or 0.41 per cent, lower at 17,872.50, signaling that Dalal Street was headed for a negative start on Wednesday.
Tech View: Nifty charts hint at weakening selling pressure
Nifty today formed a bearish candle on the daily chart with a minor lower shadow. The index has been forming lower highs - lower lows from the last three trading sessions.
Wall Street posts worst day of 2023 on higher-for-longer rate fears
Wall Street posted its worst performance of the year on Tuesday, with the main benchmarks ending down as investors interpreted a rebound in U.S. business activity in February to mean interest rates will need to stay higher for longer to control inflation
Rupee falls 6 paise to close at 82.79 against US dollar
The rupee depreciated 6 paise to close at 82.79 against the US dollar on Tuesday as the strength of the American currency in the overseas market and a muted trend in domestic equities weighed on investor sentiments.
Sensex Today LIVE: Sensex, Nifty on Tuesday
The 30-share BSE benchmark Sensex declined 19 points or 0.03% to settle at 60,673. The broader NSE Nifty dropped 18 points or 0.10% to end at 17,827.
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