sensex today: Stock Market Live Updates: Sensex sheds 400 points, Nifty nears 17,750; Vedanta tumbles 6%, TechM 2%

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BLOCK DEAL IN EMBASSY REIT: 1.45 cr shares change hands

BLOCK DEAL IN EMBASSY REIT: 1.45 cr shares change hands

MarketView: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The market has started showing some indications of fatigue. Globally, the major concern now is that the Fed might oversteer the economy and end up raising rates too much too fast, pushing the US economy into a sharp recession. There are talks of the terminal Fed rate rising to 4.25%. Sharply rising rates, rising bond yields and rising dollar are negatives for equity. In this challenging environment it would be difficult for India to sustain the decoupling from the global trend which has been a recent pattern in India. Moreover, FIIs have stopped their sustained buying and have turned sellers, though this is not yet a trend.

Investors may adopt a wait and watch attitude till the Fed meeting is over on September 21st.
Bank Nifty continues to be strong.

Bitcoin below $20K, Ether breaches $1,500; altcoin tank

Vedanta on Thursday issued a clarification stating that the proposed business of manufacturing semiconductors will be undertaken by its ultimate holding company Volcan Investments Limited.

Price as on Sep 16, 2022 09:26 AMClick on company names for their live prices.

Vedanta, Voda Idea among most active stocks on NSE

Price as on Sep 16, 2022 09:24 AMClick on company names for their live prices.

The successful close above 79.60-79.70 region hints at the beginning of directional moves, or at least expansion in trading ranges. This paves way for 80.10-80.30 in the near term, as long as 79.60 holds.

– Anand James – Chief Market Strategist at Geojit Financial Services on rupee

Sea of ​​red… all sectors trade lower in opening deals

  • IT continues to remain among worst performers; metal, auto also bleed about 1% each
Sea of ​​red... all sectors trade lower in opening deals

Sensex Heatmap: 27 of 30 index stocks trade with cuts

Sensex Heatmap: 27 of 30 index stocks trade with cuts

OPENING BELL: Sensex sheds 400 points, Nifty nears 17,750; Vedanta tumbles 6%, TechM 2%

OPENING BELL: Sensex sheds 400 points, Nifty nears 17,750;  Vedanta tumbles 6%, TechM 2%

Sensex sheds 300 points, Nifty nears 17,750 in pre-open session

Asian markets weaken as IMF, World Bank flag recession risks

Asian markets were weaker on Friday as investors braced for a US rate hike next week amid growing concerns of a global recession following warnings from the World Bank and the International Monetary Fund.

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 111 points, or 0.62 per cent, lower at 17.768, signaling that Dalal Street was headed for a negative start on Friday.

Tech View: Nifty50 forms a bearish candle

The Nifty failed to hold on to 18,000 levels on Thursday and closed with a bearish candle on the daily charts.

Tokyo stocks open lower, extending US losses

Tokyo stocks opened lower Friday after Wall Street shares slumped, battered again by worrying economic data and concerns about the impact of further aggressive Federal Reserve action next week.

Wall Street tumbles amid Fed tightening jitters

Wall Street ended sharply lower on Thursday, extending its losses in late afternoon trading as a raft of economic data failed to alter the expected course of aggressive tightening by the Federal Reserve amid growing warnings of global recession.

Oil extends losses on recession fears

Oil prices dipped in early trade on Friday, extending the week’s losses as concern over tight supply was outweighed by escalating fear of sharp interest rate hikes slamming global growth and hitting fuel demand.

Rupee drops 19 paise to 79.71 against US dollar

The rupee declined by 19 paise to close at 79.71 against the US dollar on Thursday, weighed down by a firm American currency and a negative trend in domestic equities.

Sensex, Nifty on Thursday

The 30-share pack Sensex declined 412.96 points to end at 59,934.01. Its broader peer, Nifty50, ended below the 17,900 level.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader!  Here's something to kickstart your trading day

Sources

1/ https://Google.com/

2/ https://economictimes.indiatimes.com/markets/stocks/live-blog/bse-sensex-today-live-nifty-stock-market-updates-16-september-2022/liveblog/94234429.cms

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