Indian markets are facing a volatile session on Thursday's early deals with Sensex and Nifty 50 swinging between positive and negative. Banking stocks were the major bears of today after the biggest loan fraud of nearly Rs 23,000 crore of ABG Shipyard against a consortium of banks, which shocked the sector. In the most recent development, the ED has filed a money laundering case against ABG Shipyard, its former promoters and others involved in the loan case. BSE Bankex slipped more than 445 points currently. A sell-off was seen by the FII yesterday of Rs 1890.96 crore, and buying by the DII of Rs 1180.14 crore was recorded. 

The stock is up by nearly a staggering 30 per cent on a YTD basis while on an MTD basis, it jumped 18 per cent. One of the main reasons for the standout performance by the stock in recent times is the standout financial performance in the quarter ended December 31, 2021.

After the Indian markets closed in red on Wednesday amid selling pressure in the final hour. Today, the Indian markets have opened on a positive note following Asian markets. The BSE Sensex has opened at 57,876.81 down by 120 points. Following it, the BSE MidCap has opened upwards at 24,019.33 gaining by 2 points. The BSE SmallCap is on the other hand is trading in the red today morning at 28,122.49 down merely 39 points. 

On Wednesday the Indian indices swing like a pendulum between gains and losses due to the uncertain global scenario. Among the other sectors most finished in the red with PSU bank, metals, and media being the major losers. The broader indices ended mixed wherein midcap traded under pressure while smallcap closed higher by 0.9 per cent. In addition, the scheduled weekly expiry would further add to the decline.

Asian markets across the board experienced short-covering buying as geopolitical risk decreased. In terms of sectoral indices, on BSE, the Capital Goods underachieved sinking 125 points. Bankex was marginally down as investors saw the risk from nearly Rs 22,000 crore fraud by ABG Shipyard against 28 banks. Realty and power index climbed over 1 per cent each. A huge sell-off was seen by the FII yesterday of Rs 2,298.76 crore and the huge buying was seen by the DII of Rs 4,411.60 crore was recorded.  

After witnessing one of the worst falls in 10 months, Sensex closed with a huge profit of 1,736 points, or up 3.08 per cent, and closed of 58,142.05 today. The Sensex MidCap index gained by 626 points and ended the day at 24,025.39 levels. Similarly, the BSE SmallCap also jumped by 542 points and stood at 28,043.69 at day end. The Nifty 50 index also soared by 509 points and closed at 17,352 levels. The Bank Nifty shot up by 1264 points and ended at 38,173.25. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped by 10.27 per cent i.e. by 2.36 points to 20.62 levels. 

The benchmark indices after a good start increased gains in morning trade. IT, FMCG and auto stocks are the one’s trading strong. The Russia-Ukraine tension has affected the crude oil prices to go up more, while the uncertainties have taken over US Fed's rate hike which is expected to hamper the economic growth. China's monetary authority has pushed 100 billion yuan (US$ 15.7 billion) into the banking system with its medium-term lending facility. A huge sell-off was seen by the FII yesterday of Rs 4,253.70 crore, and the DII of buying was seen of Rs 2,170.29 crore was recorded.

Tai Industries is engaged in trading, marketing and distribution and retailing, in India, of 'DRUK' brand of fruit products such as squashes, jam, fruit juices, pickles, ketchup, etc. The company also carries on trading and marketing industrial and mineral products and raw materials such as calcium carbide, charcoal, manganese ore, etc. The company is among the top gainers on BSE intraday today and the stock has hit its 19.95 per cent upper circuit in the early trade session today after recording a strong set of Q3 numbers. 

The Indian markets witnessed carnage in Monday's early trade due to weakening in global markets as concerns over the Russian invasion of Ukraine. Also, the crude oil hits USD 96 per barrel reaching a multi-year high. The broad-based indices also saw sell-off on exchanges BSE and NSE with Sensex diving to near 56,600-level and Nifty 50 even reaching near 16,900-level. Buying was seen by FII of Rs 108.53 crore and the DII selling of Rs 696.90 crore was recorded.  

The key Indian indices discontinued the three-day winning streak to trade with steep losses and closed in red territory. The weak global cues soured investor sentiment as the higher than expected US inflation data increased fears of aggressive and early rate hikes by the US Federal Reserve. IT, PSU banks, and consumer durables stocks were under pressure.