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Sensex Today: Stock Market Crash Live Updates: Sensex sinks 1,000 points, Nifty50 below

Watch this space as we bring you LIVE updates of the day’s proceedings from Dalal Street.

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Sector Watch: All sectors in the red

Sector Watch: All sectors in the red

Top Sensex drags in opening trade

Top Sensex drags in opening trade

OPENING BELL: Sensex sinks 1,000 points, Nifty50 below 17K; TechM, HDFC Bank tank 3% each

OPENING BELL: Sensex sinks 1,000 points, Nifty50 below 17K; TechM, HDFC Bank tank 3% each

Pre-open session: Sensex tumbles 500 points, Nifty50 below 17,100

Alert: SGX Nifty tumbles 320 points, slips below 16,950

Update: Asian shares slump as Powell warns on inflation

Asian shares fell to their lowest in more than 14 months, short-term US yields rose to 23-month highs and the dollar strengthened on Thursday after the Federal Reserve’s chairman signaled plans to steadily tighten policy. Hong Kong’s Hang Seng index and Australian shares fell 2% and Chinese blue-chips were 0.2% lower.In Tokyo, the Nikkei fell 1.9%, touching its lowest point since December 2020.

Dollar climbs as Fed flags hikes

The dollar hit multi-week highs against other major currencies on Thursday, bolstered after Federal Reserve chair Jerome Powell primed investors for US rate hikes beginning in March. Overnight the Fed left its policy rate unchanged but Powell foreshadowed a sustained battle to tame inflation. The yen inched a fraction lower to 114.74 per dollar on Thursday. The euro was sold to a six-week low of $1.2301 and the Australian dollar fell about 0.4% to a seven-week trough of $0.7076.

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 271.50 points, or 1.57 per cent, lower at 16,992.50, signaling that Dalal Street was headed for a negative start on Thursday.

Tech View: Nifty50 sees buying at lows

Nifty50 on Tuesday tested the sub-16,850 level before staging a strong rebound. In the process, the index formed a bullish candle on the daily chart with a long lower wick, suggesting the emergence of buying at low. The sentiment has turned marginally positive but the index needs to defend the 16,800 level to avoid resumption of selling, analysts said.

Hong Kong stocks open with losses

Hong Kong shares fell more than one percent in the opening minutes of trade Thursday, tracking losses across Asia and Wall Street after Federal Reserve chief Jerome Powell all but confirmed the bank will lift interest rates in March. The Hang Seng Index fell 1.39 percent, or 337.89 points, to 23,952.01. The Shanghai Composite Index was barely moved, inching up 0.43 points to 3,456.10.

Japan stocks open higher after mixed US close

Tokyo stocks opened higher in cautious trade on Thursday following a mixed close on Wall Street after Fed Chair Jerome Powell signalled an interest rate hike is likely in March. The benchmark Nikkei 225 index was up 0.39 percent or 105.37 points at 27,116.70 in early trade, while the broader Topix index gained 0.51 percent or 9.68 points to 1,901.53.

US stocks fall, yields rise after Fed signals rate hike ‘soon’

An early rally on Wall Street gave way to a broad slide for stocks and a surge in bond yields Wednesday after the Federal Reserve signaled it plans to begin raising interest rates “soon” to fight a spike in inflation that the central bank says is probably getting worse. S&P500 fell 0.1% after having been up 2.2% earlier in the day. Dow Jones Industrial Average fell 0.4% after swinging more than 900 points from its high for the day. Nasdaq ended little changed, shedding most of a 3.4% gain.

Rupee slides to 1-month low against dollar

The rupee on Tuesday depreciated by 18 paise to close at a nearly one-month low of 74.78 against the US dollar due to month-end dollar demand from oil importers, forex outflows and a stronger dollar in overseas markets. Investors’ weak appetite for riskier assets also weighed on the rupee. Moreover, market participants are now eyeing the US Fed’s meeting outcome for further cues.

Sensex, Nifty to resume trade after holiday

India’s currency, debt and equity markets were closed on Wednesday on account of Republic Day holiday. Markets will resume trading on Thursday. The NSE Nifty 50 index had closed 0.75 per cent higher at 17,277.95 on Tuesday, while the S&P BSE Sensex was up 0.64 per centat 57,858.15 for the day.

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

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

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