Dow tumbles more than 1,000 points, Nasdaq falls 5% as inflation spooks investors
May 06, 2022 10:14 ISTAll three main Wall Street benchmarks -- Dow Jones, Nasdaq and S& 500, surrendered gains made during a relief rally on Wednesday.
All three main Wall Street benchmarks -- Dow Jones, Nasdaq and S& 500, surrendered gains made during a relief rally on Wednesday.
The 30-share BSE benchmark Sensex had jumped 897.77 points or 1.61 per cent to 56,566.80 during the day. But it pared most of the gains and closed just 33.20 points or 0.06 per cent higher at 55,702.23. Similarly, the NSE Nifty inched up 5.05 points or 0.03 per cent to 16,682.65.
Sensex and Nifty fell over 2 per cent each soon after RBI announced to hike the repo rate and cash reserve ratio.
LIC IPO Price, LIC GMP Today: LIC IPO will remain open for subscription till May 9. In the grey market, LIC shares are trading at a premium of roughly 9 per cent.
LIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders.
LICO IPO: The LIC share sale would be the biggest ever amount raised through an initial public offering in the Indian stock market.
HDFC Dividend: HDFC will pay Rs 30 dividend per equity share to its shareholders.
The 30-share BSE benchmark went lower by 84.88 points or 0.15 per cent to settle at 56,975.99 after recovering some lost ground during the fag-end of trade. During the day, it tanked 648.25 points or 1.13 per cent to 56,412.62.
The 30-share BSE Sensex tumbled 537.22 points or 0.94 per cent to end at 56,819.39. During the day, it tanked 772.57 points or 1.34 per cent to 56,584.04. The NSE Nifty declined by 162.40 points or 0.94 per cent to 17,038.40.
The 30-share BSE benchmark jumped 776.72 points or 1.37 per cent to end at 57,356.61. During the day, it rallied 862.35 points or 1.52 per cent to 57,442.24. The broader NSE Nifty gained 246.85 points or 1.46 per cent to finish at 17,200.80.
The BSE benchmark Sensex dived 617.26 points or 1.08 per cent to end at 56,579.89. During the day, it plummeted 840.28 points or 1.46 per cent to 56,356.87. The broader NSE Nifty declined 218 points or 1.27 per cent to 16,953.95.
The BSE benchmark Sensex tanked 714.53 points or 1.23 per cent to settle at 57,197.15. During the day, it plummeted 776.96 points or 1.34 per cent to 57,134.72. The NSE Nifty also declined 220.65 points or 1.27 per cent to 17,171.95.
Halting its five-day fall, the BSE Sensex jumped 574.35 points or 1.02 per cent to finish at 57,037.50. During the day, the index rallied 753.36 points or 1.33 per cent to 57,216.51.
Concerns over rising inflation and foreign fund outflows in the wake of the uncertain geopolitical situation also sapped investor confidence.
A rise in inflation, as well as a fresh spike in global crude oil prices, seemed to have dented investors' sentiment.
Tata Steel Stock Split: The board of Tata Steel Ltd will meet on May 3 to consider a proposal to split the share.
The trading hours for various markets regulated by RBI were changed on April 7, 2020, in the wake of the coronavirus pandemic that had resulted in operational dislocations and elevated levels of health risks.
In a rare move, Sebi, on March 28, had asked bankers of Ramdev-led Patanjali group's Ruchi Soya to give an option to investors in its FPO to withdraw their bids while also cautioning them about the "circulation of unsolicited SMS" about the share sale.
The 30-share BSE barometer tanked 566.09 points or 0.94 per cent to finish at 59,610.41. During the day, it plunged 666.66 points or 1.10 per cent to 59,509.84.
The 30-share barometer declined by 115.48 points or 0.20 per cent to settle at 58,568.51 in choppy trade due to the expiry of monthly derivatives contracts.
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