sensex today: Stock Market Live Updates: Sensex drops 700 points,
Dalal Street stocks took a beating as a surge in crude oil prices stoked inflationary concerns and sent US bond yields higher, adding to fears of earlier-than-expected Fed rate hikes. A fresh round of FPI selling also weighed on the sentiment. Analysts say that investors have to be cautious since at the present high valuations negative triggers can derail the rally. That apart, the first mainboard IPO of 2022 – AGS Transact – opened for subscription today.
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CLOSING CUES: Midcap losers in late afternoon trade
Price as on 19 Jan, 2022 02:43 PM, Click on company names for their live prices.
STOCK IN FOCUS: Biocon surges after Morgan Stanley turns ‘overweight’ on stock, raises target price to Rs 465
Price as on 19 Jan, 2022 02:38 PM, Click on company names for their live prices.
NIFTY IT biggest sectoral loser at this hour
Gold, silver spot prices
Nikkei falls to 5-month low dragged down by Toyota, Sony
Japan’s Nikkei index fell to a five-month low on Wednesday, dragged down by Sony Group and Toyota Motor, tracking Wall Street’s weak finish overnight. The Nikkei share average fell 2.8% to 27,467.23, its lowest since Aug. 20, while the broader Topix lost 2.97% to 1,919.72.
Earnings Impact: Sterlite Tech tanks 6% as firm returns to losses in Q3FY22 and fall in revenue
Price as on 19 Jan, 2022 01:38 PM, Click on company names for their live prices.
Q3 RESULTS: STERLITE TECH
Tata Motors forays into CNG segment; drives in CNG trims of Tiago, Tigor
Price as on 19 Jan, 2022 01:21 PM, Click on company names for their live prices.
Vijay Kedia likely exited these two companies in December quarter
Seasoned investor Vijay Kedia has potentially exited two companies during the quarter ended December 31, 2021, the latest shareholding data shows. Kedia’s name was missing from the key shareholders’ list of Cera Sanitaryware and Elecon Engineering Company. Vijay Kedia held 1,35,306 equity shares or a 1.04 per cent stake in Cera Sanitaryware, whereas he held 13,00,000 equity shares or a 1.16 per cent stake in Elecon Engineering as of September 30, 2021.
State-run power giant NTPC has emerged as the top biomass user, having co-fired about 58,000 MT of biomass, while tendering a total of 10.7 MMT over short-term and long-term basis, the power ministry said on Wednesday.
Price as on 19 Jan, 2022 12:50 PM, Click on company names for their live prices.
STOCK IN FOCUS: Paytm hits fresh record low
Sensex extends slide, down nearly 700 points
We like this space. There is going to be a decent amount of growth over the next couple of years. The only thing is that there is a little lack of clarity in terms of the time that it takes to go back to a peak level in a better demand environment pan India. I see no real major negatives for cement at this point of time.
– Hemang Jani of MOSL on cement sector
NEWS ALERT: Drug firm Lupin on Wednesday said it has inked a pact with Shenzhen Foncoo Pharmaceutical Co to sell products in China.
Price as on 19 Jan, 2022…
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