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

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Stock Market LIVE Updates: Sensex gains 130 points amid mixed global cues, Nifty above 16,200 – The Times of India

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THE TIMES OF INDIA | May 11, 2022, 09:39:15 IST

Daily Sensex Updates

Asian stocks opened mixed on Wednesday, following a volatile day on Wall Street that had investors concerned about surging inflation and sent global oil prices retreating. Stay with TOI for all latest updates.Read Less

09:18 (IST) May 11

Markets open

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

09:00 (IST) May 11

Markets at pre-open

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

08:22 (IST) May 11

Karnataka Bank terms loans to Srei group co as fraud

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.

08:12 (IST) May 11

Sun Pharma tanks on USFDA observations on Halol plant

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.

08:05 (IST) May 11

Equity MFs get Rs 15,900 crore in April, up 5x despite volatility

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.

08:01 (IST) May 11

Visiting wellness resort? Don’t expect GST relief

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.

07:50 (IST) May 11

Power crisis forces states to pay dues

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.

07:48 (IST) May 11

Mercedes-Benz sees best-ever year in India

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.

07:40 (IST) May 11

Last week central banks in the United States, Britain and Australia raised interest rates and investors girded for more tightening as policymakers fought soaring inflation.

07:39 (IST) May 11

Markets have been volatile due to a combination of surging inflation and fears that monetary tightening aimed at slowing price increases would also cause a slowdown in economic growth.

07:39 (IST) May 11

Wall Street dips while treasury yields, oil prices drop

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.

07:38 (IST) May 11

Tokyo stocks open lower after mixed US close

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.

07:37 (IST) May 11

Hong Kong stocks open slightly down

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.

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