Indian equity markets were shut for 45 minutes this morning after a 10% fall in major indices triggered the circuit breaker
Among sectoral indices, BSE Metal – up nearly 6% -- was the biggest gainer, followed by BSE Oil & Gas, up 5.5%
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13 Mar 2020, 03:35:25 PM IST
Indian stocks recovered sharply to close more than 4% higher on Friday after tumbling earlier in the session. The Nifty jumped 433 points to close at 10,023. The benchmark Sensex rose 1,325 points to end at 34,103.48.
Indian equity markets were shut for 45 minutes this morning after a 10% fall in major indices triggered the circuit breaker.
India's volatility index was up 10% after surging 44% to its highest in over a decade.
Among sectoral indices, BSE Metal – up nearly 6% -- was the biggest gainer, followed by BSE Oil & Gas, up 5.5%.
13 Mar 2020, 02:35:16 PM IST
SBI & LIC may hold 55.56% stake in Yes Bank
State bank of India has submitted a proposal to the Cabinet under which the state owned lender along with Life Insurance Corporation of India will hold 55.56% stake in the cash strapped Yes bank. Of this, SBI will hold 45.74% and LIC will end up holding 9.81%. Private lenders including HDFC Ltd and ICICI bank Ltd will hold 6.31% each while Axis bank Ltd and Kotak Mahindra Bank Ltd will hold 3.15% each.
13 Mar 2020, 02:30:59 PM IST
Nifty PSU Bank up 7.6%
13 Mar 2020, 02:11:27 PM IST
Nifty slips below 10,000-mark
Benchmark Nifty 50 gave up some gains to slip below the 10,000-mark. The index was up 402 points at 9,993. Among the Nifty stocks, 41 advanced while 9 declined.
Having tumbled minutes after open today, the markets staged their biggest intra-day recovery.
13 Mar 2020, 01:58:16 PM IST
SBI, HDFC, BPCL top gainers on Nifty
13 Mar 2020, 01:54:17 PM IST
All Nifty sectoral indices in the green barring Nifty Media
13 Mar 2020, 01:51:02 PM IST
HDFC, SBI top performers on Sensex
13 Mar 2020, 01:40:34 PM IST
Sensex reclaims 34,000 points, Nifty at 10,152
The Sensex surged nearly 6% to 34,724 points, while the Nifty 50 rose 5.7% to 10,152 points.
On the Sensex, all constituents rose barring Asian Paints, while among the Nifty stocks, 48 advanced and two declined.
13 Mar 2020, 01:34:10 PM IST
Key ministries to brief daily on situation arising out of COVID-19
Senior officials of key ministries – external affairs, health, civil aviation, finance and commerce – will brief the press daily giving an update on the situation arising out of COVID-19 cases in the country.
13 Mar 2020, 01:23:28 PM IST
HDFC twins, ICICI Bank, RIL lift Sensex over 1,500 points
13 Mar 2020, 01:16:05 PM IST
Sensex sees biggest intra-day recovery
13 Mar 2020, 12:59:03 PM IST
Indian equity markets were shut for 45 minutes this morning after a 10% fall in major indices triggered the circuit breaker. After the market opened, Nifty and Sensex erased all losses, with Nifty50 at 9,860 and Sensex touching 33,700. Both indices were at levels higher than Thursday’s close.
13 Mar 2020, 12:41:05 PM IST
Cabinet approves Yes Bank restructuring plan
LIC to buy 135 crore shares of Yes Bank at ₹10 per share. (CNBC-TV18)
13 Mar 2020, 12:40:23 PM IST
Crisil assigns 'GVC Level 1' rating to Bharti Airtel
Crisil has assigned its 'GVC Level 1' rating to Bharti Airtel. The rating indicates that the company's capability with respect to corporate governance, and value creation for all its stakeholders, is the 'highest'.
13 Mar 2020, 12:29:19 PM IST
Stocks recover, but here’s why uncertainty may still have the upper hand
Indian stocks recovered from a chilling 10% lower circuit the Nifty 50 hit soon after opening on Friday signalling that investors are willing to take some risk at lower levels. From its lows, the bellwether recovered a good 1000 points on the Nifty during trade on Friday helping soothe frayed nerves.
13 Mar 2020, 12:26:31 PM IST
DHFL down 5%
The RBI appointed administrator at Dewan Housing Finance has ordered a transaction audit at the non-bank lender after allegations of money laundering surfaced in the aftermath of the regulatory action on Yes Bank.
13 Mar 2020, 12:23:48 PM IST
Bharti Airtel up 4%
Bharti Airtel has acquired a strategic stake in fitness start-up Spectacom Global Pvt Ltd, under the Airtel Start-up Accelerator Program, which focuses on supporting growth of early stage Indian start-ups.
13 Mar 2020, 12:22:17 PM IST
State Bank of India up 11%
State Bank of India’s executive committee of central board on Thursday approved the purchase of 725 crore shares in private sector lender Yes bank at a price of ₹10 per share. State Bank of India’s shareholding will remain within 49% of the paid-up capital of Yes Bank.
13 Mar 2020, 12:14:53 PM IST
Market not reflecting economy's fundamentals, says CEA Subramanian
13 Mar 2020, 11:53:53 AM IST
CEA on market sell-off
CEA K V Subramanian says market reacting due to coronavirus, global factors. February CPI inflation lower than consensus estimate. Expect core inflation to go down on lower crude prices.
Says, purchasing power in rural areas is going up, FY20 current account deficit will be much lower on cheaper crude.
13 Mar 2020, 11:52:30 AM IST
Deadline to submit bids for Air India extended
Government extends deadline to submit bids for Air India privatization to 30 April from 17 March
13 Mar 2020, 11:51:04 AM IST
Vodafone Idea up 35%
According to a CNBC-TV18 report, Union Cabinet has cleared some relief measures for telecom sector.
13 Mar 2020, 11:47:39 AM IST
Sensex, Nifty back in the red
In volatile trade, benchmark indices fell back in the red. At 1143 am, the Sensex was down nearly 1% at 32,467 points, while the Nifty 50 was down over 1% at 9495 points.
On the Nifty, 13 stocks advanced while 37 declined, while on the Sensex 23 stocks declined and seven rose.
13 Mar 2020, 11:41:42 AM IST
India VIX jumps 40%
13 Mar 2020, 11:34:52 AM IST
India passenger car sales decline 9% YoY in February: SIAM
Passenger car sales fell 8.8% year-on-year in February, while sales of utility vehicles rose a marginal 0.1% on year: SIAM.
Sales of commercial vehicles declined 32.9% in February.
13 Mar 2020, 11:21:20 AM IST
Relief for telcos
Union Cabinet clears some relief measures for telecom sector. (CNBC-TV18)
13 Mar 2020, 11:06:00 AM IST
BSE MidCap down 400 points
13 Mar 2020, 10:57:09 AM IST
Biggest intra-day recovery
Spooked by the fears of coronavirus, benchmark indices plunged 10% at open following which trade was halted. But soon after trade resumed, market pared losses with Sensex and Nifty up 1% each.
13 Mar 2020, 10:29:46 AM IST
Nifty down 488 points or 5% at 9,100
13 Mar 2020, 10:22:58 AM IST
Nifty50 up 400 points from lows
Nifty Bank, Nifty MidCap down over 9% each.
13 Mar 2020, 10:21:35 AM IST
SGX Nifty off lows
SGX Nifty at 8775 points, up from its low of 8496 earlier today.
13 Mar 2020, 10:19:51 AM IST
Asian markets off lows
Hong Kong's Hang Seng up 400 points from lows and Nikkei up 850 points from lows.
13 Mar 2020, 10:16:25 AM IST
Rupee up 40 paise from intra-day low.
13 Mar 2020, 10:13:49 AM IST
Dow futures gain
Dow futures in the green, up 730 points from the lows. (CNBC-TV18)
13 Mar 2020, 09:58:39 AM IST
Daily Market Wide Circuit Filter
13 Mar 2020, 09:54:05 AM IST
Trading halted after 10% plunge trigger circuit breaker
The S&P BSE Sensex gauge plunged within minutes of opening on Friday, falling to 29,687.52, set for the lowest level since 2017. The suspension will last for 45 minutes. The NSE Nifty Index slumped to 8,624.05 in the nation’s first such halt since May 2009.
A further 15% slump on resumption of trading before 1 p.m. local time will trigger another halt lasting an hour and 45 minutes, according to exchange rules.
The market shall re-open, after index based market-wide circuit filter breach, with a pre-open call auction session.
Here's the extent of duration of the market halt and pre-open session:
13 Mar 2020, 09:37:05 AM IST
Markets to have another 15-minute pre-open session
Pre-open call auction from 10:05 am; Normal trading to resume from 10:20 am.
13 Mar 2020, 09:23:26 AM IST
Nifty hits lower circuit, trading halted for 45 minutes.
13 Mar 2020, 09:22:29 AM IST
Sensex, Nifty open at 3-year low
Indian equity indices opened at a 3-year low on Friday with Nifty and Sensex breaching 9,000 and 32,000 points respectively.
13 Mar 2020, 09:15:42 AM IST
Rupee hits record low
The Indian Rupee hits an all time low of 74.50 against the US dollar.