Sensex Today: Stock Market LIVE Updates: Sensex Drops 175 Points, Nifty Below 17,900; Torrent Power Up 7%, Bharat Forge Down 4%

PROFIT IMPACT | Bata India on Tuesday reported a 15% increase in consolidated net profit of Rs 83.19 crore in the third quarter ending December 2022. The company had posted a consolidated net profit of Rs 72.32 crore in the same period last financial year, Bata said. India in a regulatory filing.

Price as of Feb 15, 2023 9:27 amClick on company names for their current prices.

PROFIT IMPACT | Vodafone Idea’s consolidated net loss for the quarter ended December reached Rs 7,990 crore, from Rs 7,231 crore a year ago and Rs 7,596 crore a quarter ago. Consolidated revenue rose 9.3% year-on-year to Rs 10,621 crore.

Price as of Feb 15, 2023 9:26 amClick on company names for their current prices.

The rupee is down 12 paise to 82.90 against the US dollar in early trading.

Top movers in the morning trade

Price as of Feb 15, 2023 9:20 amClick on company names for their current prices.

Opening bell: Sensex loses 175 points, conveniently below 17,900; Torrent Power Up 7%, Bharat Forge Down 4%

Pre-open session: Sensex drops 50 points; Handy under 17,930

Asian equities fall, dollar stands firm after sticky US CPI

Asian stocks fell while the US dollar held steady on Wednesday, following US inflation data and comments from central bank officials that have investors worried that interest rates will stay high longer.

Quarterly figures today

With the earnings season in its final leg, numerous companies including Vesuvius India, JBF Industries and Velox Industries will report their third quarter results on Wednesday.

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange were down 31.5 points, or 0.18 percent, at 17,896, indicating Dalal Street was off to a negative start on Wednesday.

Tech View: Handy long bull candle shapes

Nifty on Tuesday formed a long bull candle on the daily chart as it surpassed its falling supply trendline by connecting all of the swing highs of 18887, 18696 and 18201.

Wall Street ends mixed as inflation numbers support interest rate worries

Wall Street stocks finished mixed on Tuesday, after US consumer price data for January brought little change to expectations about the Federal Reserve’s stance on rate hikes.

Oil falls after industry data points to a jump in US crude inventories

Oil prices fell during early Asian trading on Wednesday after falling more than $1 a barrel in the previous session as industry data pointed to a much larger-than-expected rise in US crude inventories.

The rupee is down 7 paise to close at 82.77 against the US dollar

The rupee fell 7 paise on Tuesday to close at 82.77 against the US dollar amid strong US currency and caution seen by market participants.

Sensex, Handy on Tuesday

Tracking gains in global stocks, the 30-stock BSE benchmark Sensex rose 600 points or 0.99% to settle at 61,032. The broader NSE Nifty fell 159 points, or 0.89%, to finish at 17,930.

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