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25% Dividend Record Date: Logistic Stock Nears 1-Year High And It Belongs To Mahindra; Motilal Neutral -
1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200 -
1:5 Split Soon: Rs 2,300 Defence Stock To Split Into Five Shares, Rs 400 Cr Fundraising Too; Hits 52-Week High -
Penny Stock Bags Back-To-Back Orders Worth Rs 500 Mn, 110 Mn; Shares Hit Upper Circuit -
Marshall Wace Offloads Stakes in 21 Indian Companies for Rs 2,365 Crore -
Rishi Sunak Announces Generational Hike in UK Defence Spending -
Dr Reddy's Issues Recall for Six Drug Lots in US Over Subpotency Concerns -
Dr Reddy's Voluntarily Recalls Six Drug Lots in US Over Potency Concerns -
IRCON, RITES: 2 Multibagger Navratna Railway Stocks Potential To 17-24% Upside Ahead; Assigned BUY Rating -
AU Small Finance Bank Unveils New Products Including Rupay Credit Card
Sensex Falls As Global Markets Turn Weak On Mario Effect
Global markets faced a huge sell-off as Margio Draghi, ECB, President disappointed the markets by not announcing an increase in the quantum of monetary expansion for the EU.
While he did extend the timeline for monetary easing, markets had expected him to increase the QE expansion every month.
The Sensex was trading with losses of 227 points, while the Nifty fell 73 points in trade. Except Cairn India, all of the Nifty stocks were trading in the red, with banking stocks seeing deep cuts.
Bank of Baroda, State Bank of India, Punjab National Bank and ICICI Bank dropped by 1 per cent each. The Tata Motors stock was resilient after the company's Jaguar Land Rover was reportedly examining bid worth millions of pounds to buy Britain's Formula One Grand Prix track, according to a media reports.
Apollo Tyres was trading lower after the company said that production operations at its plant near Chennai had been disrupted due to flooding.
IT stocks were a drag on the markets with TCS and Infosys seeing cuts of almost 2 per cent each. Meanwhile, Asian markets were trading with losses, with most of the markets down more than 1 per cent each. The rupee hit a 2-year low of Rs 66.95 to the US dollar.
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