Stock Market LIVE Updates: Domestic indices open higher; Asian markets mixed

Sensex is up 163 points, Nifty is trading around 16,300

Sensex is up 400 points at 54,764, Nifty is trading around 16,200

Karnataka Bank has said in an exchange filing that it has classified its loans to Srei Equipment Finance as fraud. It has also reported to the RBI as a fraud the Rs 10-crore investment made by the bank in Srei Infrastructure Finance, which has been an NPA since September 2021.

Sun Pharma announced on Tuesday the US drugs regulator, US Food and Drug Administration has issued a ‘Form 483’, after inspecting its Halol facility in Gujarat. The action led to a near 3% fall in the company’s scrip to close at Rs 861.60 on the BSE.

Despite substantial market volatility in April, mutual fund investors put money into equity schemes and also continued to invest through the systematic investment plan (SIP) route, data released by industry trade body Amfi showed.

At the crack of dawn, you will invariably find guests at any naturopathy resort performing ‘pranayama’ (deep breathing) on lush lawns. Typically, additional yoga exercises, ayurvedic treatments, massages, et al, as prescribed by the resort’s medical practitioners, would fill up a guest’s daily schedule.

The power crisis has come to the aid of independent producers who were finding it difficult to recover electricity dues from state governments. It has also given a fresh lease of life to power projects facing liquidation.

Pointing to a strong demand in the luxury car space, German giant Mercedes-Benz has said that it has pending orders in excess of Rs 3,500 crore in India with over 5,000 cars yet to be delivered, as the company expects to clock its best-ever sales in the country this year on the back of a strong double-digit growth.

Wall Street stocks turned lower in a volatile session and oil prices fell on Tuesday with risk appetite appearing to falter as investors turned to safe havens such as Treasuries amid fears about inflation and slowing economic growth.

Tokyo stocks opened lower on Wednesday after a mixed close on Wall Street, with investors awaiting Toyota’s earnings report due later in the trading day. The benchmark Nikkei 225 index was down 0.60 percent, or 158.31 points, at 26,008.79 in early trade, while the broader Topix index was off 0.54 percent, or 10.00 points, at 1,852.38.

Hong Kong equities opened slightly lower on Wednesday, steadying after losses from Wall Street’s rout on fears of economic risks from surging inflation. The Hang Seng Index dipped 0.62 percent at open, or 121.89 points, to 19,511.80.