Business
Sensex Tanks 811 Points in Fag-end Selloff; Nifty Ends Below 9,000
After opening on a positive note, the 30-share index gyrated 1,653 points during the day. It finally settled 810.98 points or 2.58 per cent lower at 30,579.09.
Sensex Jumps Nearly 500 Points; Nifty Tops 9,300 as Investors Stare at Coronavirus Fears
In the previous session, the Sensex logged its second-biggest drop in absolute terms, plunging 2,713.41 points or 7.96 per cent to finish at 31,390.07. Likewise, the Nifty slumped 757.80 points or 7.61 per cent to end at 9,197.40.
Virus-Hit Markets to Remain Volatile, Fed Rate Decision to Drive Equities Awaited: Analysts
The BSE Sensex plummeted 3,473.14 points or 9.24 per cent while the NSE Nifty lost 1,034.25 points or 9.41 per cent due to panic selling triggered by the virus outbreak.
Coronavirus Pandemic: RBI Says 'Closely Monitoring' Situation, to Take Necessary Measures For Market Stability
The RBI's statement came on a day when trading on stock exchanges hit a "circuit breaker" -- the first time since 2008 -- as soon as markets opened.
Govt, RBI to Take All Necessary Steps to Quell 'Fear Sentiment' Around Coronavirus: CEA Subramanian
Trading on the Indian stock exchanges hit a 'circuit breaker' — first time since 2008 — as soon as markets opened on Friday.
Sensex, Nifty Tank Nearly 7%; 46 of 50 Nifty Stocks Down 5-15%
All the Sensex stocks were trading in the red. Axis Bank Ltd lost 10.8%, followed by Mahindra and Mahindra Ltd (down 10.4%), State Bank of India (down 9.8%), Hero MotoCorp (down 9.5%), ITC Ltd (down 9.3%), ONGC (down 9.2%) and Bajaj Finance (down 9.2%).
Market Mayhem Wipes Off Over Rs 8 Lakh Crore Investor Wealth
The carnage on Dalal Street eroded investor wealth worth Rs 8,56,689.62 crore, taking the total m-cap to Rs 1,28,56,869.10 crore on the BSE at 1030 hours.
RBL Bank Shares Recover Nearly 15% After Lender Denies Rumours of Financial Trouble
At 10:42 am, RBL Bank shares were trading at Rs 228.35, up 9.7%, after hitting the day’s high of Rs 239.20. The stock had lost nearly 20% in the previous session, falling below its initial public offer (IPO) price of Rs 225 per share.
Jet Airways' Creditors To Meet on Thursday as Insolvency Process Continues
The meeting has been scheduled as the revised deadline for submission of bids for the airline ended on Tuesday.
Yes Bank Shares Jump Over 30% After SBI Declares to Pick Up 49% Stake Worth Rs 2,450
SBI Chairman Rajnish Kumar had earlier said that it had set a maximum investment limit of Rs 10,000 crore for Yes Bank reconstruction process.
HDFC Mutual Fund Says its Exposure to Crisis-hit Yes Bank at Rs 67 Crore
According to Morningstar data, exposure of the mutual fund house to the bank's equities was Rs 142.02 crore as of January 31, 2020.
Nippon India Mutual Fund Marks Down its Investment in Yes Bank to Zero
In addition, the fund house has imposed a limit of Rs 2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement.
NSE Puts Restrictions on Yes Bank Shares After RBI Caps Deposit Withdrawals at Rs 50,000
The categories placed under restriction include debt, securities lending and borrowing scheme, currency derivatives, commodity derivatives, futures and options, as per notification by NSE.
Sensex, Nifty Inch Higher, Coronavirus Fears Limit Gains
The markets closed lower on Wednesday as the total number of known coronavirus cases rose sharply, fuelling concerns that a rapid spread could further hit an already slowing economy.
Yes Bank Stock Falls Past Rs 30-mark to Hit Lowest Level in Over 10 Years
Yes Bank shares hit a low of Rs 28.70 apiece during Wednesday’s trade, its lowest level since August 2009 on BSE.
Around Rs 10.52 Lakh Crore of Corporate Debt at Risk of Default Due to Slowdown: Report
India Ratings and Research in a report said credit profiles of corporates are likely to remain under pressure as the economy grapples with a synchronised and prolonged economic slowdown.
