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At 9.27 am, the BSE Sensex was trading 1,098 points or 1.87 per cent lower at 57,760.47. It had opened over 1,300 points lower. Nifty50 was trading at 17,240.50, down 318.40 points or 1.81 per cent. It, too, fell below 17,200 at open.

G R Infraprojects Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 13246.39 Crore) operating in Construction sector.

"My assessment of the current situation is that if there is a recession, the impact of a lurking US economic slowdown will possibly be seen for a short period here as well, only to be followed by a boom in Indian IT, as the value proposition of India for IT talent at scale is intact."

Currently, Axis Bank and its two subsidiaries - Axis Capital Ltd and Axis Securities Ltd - collectively own 12.99 per cent of Max Life Insurance post approval of the deal in April last year. Under the deal, the Axis entities also have the right to acquire an additional stake of up to seven per cent in Max Life, in one or more tranches, subject to regulatory approvals.

​​Americans are headed for a painful period of slow economic growth and possibly rising joblessness as the Fed raises interest rates to fight high inflation, Powell warned on Friday at the Jackson Hole central banking conference in Wyoming.

Alfavision Overseas (India) had announced the splitting of shares into face value of Rs 1 from the face value of Rs 10 while Kritika Wires had announced the splitting of shares into face value of Rs 2 from the face value of Rs 10.

In Friday’s trading session, the counter has given a breakout of the triangle formation. The overall structure of the counter looks remunerative, as it trades above all its important SMA moving averages. The demand zone is near Rs 326.

The hawkish message was not what Wall Street wanted to hear and S&P 500 futures were down a further 1.1%, having shed almost 3.4% on Friday. Nasdaq futures lost 1.5% with tech stocks pressured by the outlook for slower economic growth.

Reliance Industries wil host its 45th post IPO annual general meeting on Monday. The traders be keenly looking an update from its chairman Mukesh Ambani for succession plan, future business outlook and IPOs of retail & telecom business.

The factory at Hansalpur in Gujarat will be completed by 2026 and make cells for electric vehicles (EV) that the company will make in India. The upcoming Maruti Suzuki plant at Kharkhoda in Haryana, meanwhile, will make EVs and petrol-driven cars and will have an annual capacity to make one million units.