Sensex Crash Today: Stock Market Live Updates: Sensex recoups losses, tests 57,000; Nifty
- Maruti, Cipla to post Q3 earnings today
- Axis Bank jumps 4% on better-than-expected Q3 show
- Indiamart plunges 9% as Q3 profit falls
- Bitcoin bounces off six month lows as buyers step in
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Sensex slips 500 points
Morgan Housel on what’s the best investing trait
A low susceptibility to FOMO might be one of the best investing traits.
— Morgan Housel (@morganhousel) 1643035723000
BPCL has emerged as the successful bidder in 6 Geographical Areas (GA) in 19 districts, for setting up City Gas Distribution (CGD) Networks.
Price as on 25 Jan, 2022 10:42 AM, Click on company names for their live prices.
Nifty stares at the prospects of extending downsides. aiming for the recent low of 16410, or even 15900. Reversal prospects rest on the ability to stage a close above 16820 today. Prospects of an intraday bounce back will brighten on push above 17115, but expect 17240-390 to keep a lid.
– Anand James – Chief Market Strategist at Geojit Financial Services
Shares of Craftsman Automation plunged as much as 13 per cent in early trade on Tuesday as the company posted a poor set in the quarter ended December 2021. The precision components maker reported a 14 per cent decline in net profit to Rs 37.60 crore in the December 2021 quarter against Rs 43.48 crore in the same period of the previous year. The revenue from sales rose 13 per cent to Rs 554.15 crore in the quarter ended December 2021 against Rs 489.07 crore during the previous quarter ended December 2020.
Bitcoin gained on the day on Monday as buyers stepped in to buy the cryptocurrency, after earlier tumbling to its lowest level in six months on fears of a Russian attack on Ukraine and before this week’s Federal Reserve meeting. The largest cryptocurrency was last up 2.5% at $37,250 after earlier dropping to $32,951, its lowest price since July 23. That took losses from its all-time high of $69,000 hit in November past 50%.
Top 10 gainers in Tuesday’s trade
Price as on 25 Jan, 2022 10:19 AM, Click on company names for their live prices.
Price as on 25 Jan, 2022 09:57 AM, Click on company names for their live prices.
Sharp Rebound! Sensex wipes off 900-pt loss
The heightened volatility in the market is reflected in the Nasdaq closing 86 points up after a massive 4.9% intra-day dip and the Dow recovering 1215 points from the lows of yesterday . This excessive volatility is likely to continue for a few more days until clarity emerges out of the crucial Fed meet. The market is discounting a hawkish Fed and if the Fed sounds very hawkish and indicates four rate hikes in 2022 the market will again turn weak. On the contrary, if the Fed sounds less hawkish than the market fears and indicates decline in inflation in the second half of 2022, the oversold markets are likely to stage a comeback and even a sharp rebound on short covering. However, investors have to be cautious and be slightly defensive in their strategy since valuations have not become cheap. But since there is value in high quality financials and IT, long-term investors can start nibbling in these segments.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Most active stocks on NSE
Price as on 25 Jan, 2022 09:26 AM, Click on company names for their live prices.
Nifty moves in opening trade
Top Sensex drags
OPENING BELL: Sensex plunges 930 points, Nifty below 16,950; Asian Paints, Wipro tank up to 4%
Pre-open session: Sensex drops 300 points, Nifty tests 17,000
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 59.50 points, or 0.35 per cent, lower at 16,997.50, signaling that Dalal Street was headed for a negative start on Tuesday.
Tech View: Nifty bears hold upper hand
Nifty50 on Monday tested the 17,000 mark and slipped below its 100-day and 50-day moving averages with ease. The index eventually registered a Long Black Candle on the daily chart. Analysts said the bears have an edge but since the index has approached oversold territory, some bounce cannot be ruled out.
Hong Kong stocks open sharply lower
Hong Kong stocks suffered more losses at the start of trade Tuesday following a volatile day on Wall Street, with concerns over the Federal Reserve’s plans to hike interest rates compounded by worries over the Ukraine crisis. The Hang Seng Index plunged 1.64 percent, or 404.94 points, to 24,251.52. The Shanghai Composite Index lost 0.42 percent, or 14.82 points, to 3,509.28.
Japan stocks open lower with eyes on Ukraine, US Fed
Tokyo stocks opened lower on Tuesday with investors remaining cautious over geopolitical risks linked to Ukraine and the US Federal Reserve’s decision later this week. The benchmark Nikkei 225 index was down 0.51 percent, or 140.42 points, at 27,447.95 in early trade, while the broader Topix index lost 0.63 percent, or 12.17 points, to 1,917.70.
Rupee slumps to 3-week low against dollar
The rupee on Monday slumped by 17 paise to close at a more than three-week low of 74.60 against the US dollar due to high crude oil prices, forex outflows and heavy losses in domestic equities amid growing geopolitical worries. Forex traders said the strength of the American currency in the overseas market and weak appetite for riskier assets also dragged down the local unit.
US stocks climb back after steep slide on Fed, Ukraine jitters
Stocks finished a volatile day slightly higher on Monday after reversing a steep slide caused by uncertainty over inflation-fighting measures from the Federal Reserve and the possibility of conflict between Russia and Ukraine. The S&P 500 rose 12.19 points to 4,410.13. It’s now 8.1% below the all-time high it set on Jan. 3. The Dow rose 99.13 points to 34,364.50. The Nasdaq gained 86.21 points to 13,855.13.
Sensex, Nifty on Monday
Investors have become poorer by a massive Rs 19,50,288.05 crore as equity market sell-offs continued for the fifth day in a row on Monday. The BSE Sensex plunged 1,545.67 points or 2.62 per cent to settle at 57,491.51 on Monday, while, the NSE Nifty slumped 468.05 points or 2.66 per cent to settle at 17,149.10. This is the steepest single-day drop for the indices in about two months.