Photo: Mint
Photo: Mint

Sensex, Nifty fail to hold intraday gains, close over 2% lower

  • All Nifty sectoral indices end in the red. Nifty Metal, Auto lead losses
  • BSE MidCap, SmallCap down 3.7%, 4.5%, respectively

Welcome to Mint live blog. Track this space for latest news and updates on stock markets.

19 Mar 2020, 03:36:07 PM IST

Coronavirus fears linger; Sensex, Nifty end lower

Indian equity market ended in the red, after a day of volatile trade. Domestic equities had crashed in the opening deals on the lines of global peers. The benchmark Sensex slipped 581.28 points, or 2.01%, to end the session at 28,288.23, while the Nifty50 index settled 205.35, or 2.4%, lower at 8,263.45 points. Bank stocks were the most volatile in today’s trade, with heavyweights HDFC Bank and Kotak Mahindra Bank erasing all losses and ending over 3% and 2% higher, respectively.

19 Mar 2020, 03:09:49 PM IST

Crisil assigns A2 rating to Yes Bank's CDs

Ratings agency Crisil has assigned Crisil A2 rating to certificates of deposit program (CDs) worth 20,000 of Yes Bank, the private lender informed the stock exchanges.

19 Mar 2020, 03:03:25 PM IST

Gold prices check

Gold fell in volatile trade on Thursday as fears of a worsening epidemic and its fallout on the global economy sent investors scrambling for cash. Spot gold was trading down 0.4% at $1,480.00 per ounce by 0753 GMT. The metal fell about 3% on Wednesday along with other precious metals. US gold futures rose 0.3% to $1,481.70, according to a Reuters report.

19 Mar 2020, 02:59:06 PM IST

Top Nifty gainers at 3 pm

19 Mar 2020, 02:54:35 PM IST

Kotak Equities recommends buy for Just Dial

Brokerage firm Kotak Institutional Equities has upgraded Just Dial to buy from reduce, but has cut target price to 470 from 570 per share. Shares of Just Dial lost 13.2% to trade at 319.60 on the BSE.

19 Mar 2020, 02:42:33 PM IST

Most Asian shares end deep in the red

Sell-off continued in Asian equities as the rapid spread of coronavirus threatened economic growth. Japan's Nikkei 225 index fell 1%, while Hang Seng in Hong Kong slumped 2.6%. Shanghai Composite index in China dropped 0.9% and Korea's Kospi index, which hit lower circuit today, ended down 8.4% .

19 Mar 2020, 02:35:29 PM IST

Sensex constituents mixed

19 Mar 2020, 02:16:00 PM IST

European markets open higher

London's FTSE 100 surged 1.6%, while Germany's DAX jumped 1.2%. Equities in France soared 3.7%. Gains were largely attributed to European Central Bank's 750 billion euro bond-buying stimulus.

19 Mar 2020, 02:11:52 PM IST

Sensex up 1.2%; Nifty up 15 points

Erasing all losses for the day, benchmark Sensex rose 200 points to 29,079.58, while the Nifty 50 rose 0.4% to 8,501.90.

19 Mar 2020, 02:03:46 PM IST

Nifty sectoral indices stage recovery

19 Mar 2020, 02:00:01 PM IST

IndiGo CEO announces pay cut for all employees

IndiGo CEO Ronojoy Dutta announces pay cut for all employees, will himself take 25% cut in salary, says PTI.

19 Mar 2020, 01:46:35 PM IST

Emami Ltd approves share buyback

The board of Emami Ltd on Thursday approved a share buyback of up to 194.1 crore at maximum of 300 per share, the company informed the stock exchanges in a filing. The company also declared second interim dividend of 2 per equity share of 1 each fully paid up -- 200% on equity shares of the company for the financial year 2019-2020.

Shares of the company traded 2% higher at 192.85 apiece on the BSE.

19 Mar 2020, 01:39:49 PM IST

India rupee trims losses

In line with a marginal recovery in markets, the Indian rupee pared losses and traded at 75.07 a dollar. The rupee had touched a record low of 75.16 earlier.

19 Mar 2020, 01:31:35 PM IST

Ashok Leyland nosedives over 22%

Shares of the heavy vehicle maker slumped 22.61% to 49.80 on the BSE. The company on Wednesday had said its board has approved acquiring up to 19% additional equity shares of Hinduja Leyland Finance Ltd from existing shareholders, in tranches. The transaction is valued at 1,200 crore and is subject to regulatory clearances.

19 Mar 2020, 01:26:22 PM IST

Wabco announces interim dividend for FY20

The commercial vehicle technology company on Wednesday said its board has declared an interim dividend of 10 per equity share, on a face value of 5, for the financial year ending 31 March. The electronic distribution of the dividend will take place on 23 March, while the physical allotment to shareholders is schedule for 30 March.

19 Mar 2020, 01:10:57 PM IST

Nifty PSU Bank increases over 2%

19 Mar 2020, 01:08:39 PM IST

Top five Nifty gainers, laggards at 1 pm

ITC, Power Grid Corporation, Bharti Airtel, HeroMotoCorp and Infosys rose the most on the Nifty 50 index, while Zee Entertainment, Bharti Infratel, Maruti Suzuki, Bharat Petroleum and ONGC led the losses.

19 Mar 2020, 01:02:58 PM IST

Karur Vysya Bank surges nearly 5%

Shares of the private lender jumped as the private lender on Wednesday announced the launch of its precious metals business. The bank said it forayed into the new business after ensuring highest quality risk management. The stocks was 28.70 on the BSE.

19 Mar 2020, 01:00:15 PM IST

Coronavirus: HCL Tech employee tests positive

An employee of HCL Technologies has tested positive for COVID-19, commonly known as the novel coronavirus, forcing the information technology firm to ask most of its employees to work from home. The employee is currently in an isolation ward, while the company has invoked its COVID-19 contingency plan in all geographies.

19 Mar 2020, 12:42:58 PM IST

SEBI says companies can submit Q4, FY20 results by 30 June

Markets regulator Securities and Exchange Board of India (SEBI) allowed companies to announce their financial results for the March quarter and financial year 2019-20 by 30 June. The regulator also relaxed some listing disclosure obligations due to the coronavirus outbreak.

19 Mar 2020, 12:34:19 PM IST

Kotak Mahindra Bank sells stake in ECA Trading Services

The private lender and its wholly-owned subsidiary Kotak Mahindra Prime Ltd have sold 8.5% and 11.50% stake, respectively, in ECA Trading Services Ltd (ECA), formerly known as Ace Derivatives & Commodity Exchange Ltd. Shares of the bank fell 1.4% to 1,156.80 on the BSE.

19 Mar 2020, 12:10:58 PM IST

Nifty Auto sinks over 5%

19 Mar 2020, 12:03:42 PM IST

Yes Bank crashes over 25% in early deals

Shares of the private lender tumbled more than 25% in morning deals after its largest promoter Madhu Kapur sold 2.48 crore shares at 65.07 apiece on Wednesday, according to bulk deals reported by the NSE. Kapur is wife of the late Ashok Kapur, who founded the private lender along with Rana Kapoor in 2004. The stock recovered from its lows and traded down 14.5% at 50 on the BSE.

19 Mar 2020, 11:51:01 AM IST

Dr Reddy's launches Naloxone Hydrochloride injection

Pharmaceutical major Dr Reddy's Laboratories announced the launch of Naloxone Hydrochloride injection, a therapeutic equivalent generic version of Narcan injection, after the medicine was approved by the US Food and Drug Administration (US FDA). Shares of the company were down 3.5% at 2,574 on the BSE.

19 Mar 2020, 11:20:08 AM IST

BSE SmallCap index down over 5%

19 Mar 2020, 11:10:19 AM IST

BSE MidCap shares mixed

19 Mar 2020, 11:05:58 AM IST

Power Grid, Bharti Airtel, ITC trade higher

Amid massive sell-off, shares of Bharti Airtel, Infosys, ITC and Power Grid Corporation bucked the trend in broader markets. On the BSE, Bharti Airtel gained 3.5% to trade at 441.25, while Power Grid traded up 2.5% at 147.50. Shares of IT major Infosys and ITC advanced 0.3% each.

19 Mar 2020, 10:58:06 AM IST

Rupee hits record low of 75 per dollar

The Indian rupee continued to fall, touching an all-time low of 75 against the US dollar. It had opened at 74.95 per dollar compared with the previous close of 74.26.

19 Mar 2020, 10:38:15 AM IST

960 stocks hit 52-week lows on BSE

Index heavyweights Bajaj Finserv, Bajaj Finance, Bharat Petroleum, Britannia, GAIL India, HDFC twins, Hero MotoCorp, ICICI Bank, JSW Steel, Larsen & Toubro, Mahindra & Mahindra, Reliance Industries and Tata Motors have hit their 52-week lows on the BSE.

19 Mar 2020, 10:29:31 AM IST

Coronavirus: Two more test positive in Mumbai

Two women have tested positive for coronavirus in the Mumbai metropolitan region, taking the total count to 47 in Maharashtra, according to the state health ministry. So far, India has reported 151 cases of the disease, which has infected 218,814 people worldwide.

19 Mar 2020, 10:10:24 AM IST

Korea's Kospi continues to fall

Kospi index and tech-heavy Kosdaq in Korea continued their decline after the trading halt was lifted. Earlier today, trading in Korean equities was suspended for 20 minutes after key indices fell triggering circuit breakers for the second time in a week.

19 Mar 2020, 10:03:44 AM IST

Crude oil price check

Brent crude was up 37 cents at $25.25 per barrel in Asian trade, after having slumped 13% on Wednesday. The West Texas Intermediate (WTI), or US crude, rose $1.4 at $21.81 per barrel. It had declined 25% in the previous session.

19 Mar 2020, 09:57:30 AM IST

Rupee pares losses

The Indian rupee trimmed some losses and traded at 74.88 against the US dollar. It had hit a record low of 74.98 per dollar few minutes into the opening. The rupee closed at 74.26 on Wednesday.

19 Mar 2020, 09:55:27 AM IST

India VIX jumps nearly 11%

Fear gauge India Volatility Index surged 10.6% to 70.7650.

19 Mar 2020, 09:54:27 AM IST

All Nifty sectoral indices deep in the red

19 Mar 2020, 09:34:23 AM IST

Top Nifty laggards in early deals

Bharti Infratel, Bajaj Finance, HCL Technologies, ONGC, Bajaj Finserv, Bharat Petroleum, Kotak Mahindra Bank, IndusInd Bank, Bitannia and Titan Company contributed the most to the slump.

19 Mar 2020, 09:27:29 AM IST

All 30 Sensex constituents deep in the red

19 Mar 2020, 09:19:53 AM IST

Bear stranglehold tightens on Sensex, Nifty

Indian equity market slumped over 6% in opening deals tracking the rout in global shares. The Nifty 50 was down 6.2% at 7,945.95 points, while the Sensex dropped nearly 1,800 points to 27,094.71 in early trade. The Nifty Bank fell 7.3% to 19,082.80, while the Nifty MidCap100 sank 5.5%.

19 Mar 2020, 09:07:54 AM IST

Sell-off continues in pre-opening session

The benchmark BSE Sexsex slumped 650 points to 28,214.79 in the pre-opening trade, while the Nifty 50 index was down over 4% at 8,101.60 points. The yield on the 10-year government bond was at 6.35% as against Wednesday's close of 6.30%.

19 Mar 2020, 09:02:48 AM IST

Rupee nears 75 per dollar mark

The Indian rupee opened at a record low of 74.95 against the US dollar compared with the previous close of 74.26.

19 Mar 2020, 08:59:15 AM IST

These are the stocks that may be in focus today

The Reserve Bank of India (RBI) on Wednesday withdrew its moratorium imposed on Yes Bank on 5 March, allowing restoration of all banking operations. Bajaj Finserv, Cox & Kings, PVR and Tata Communications are some of the stocks that may be under the spotlight today.

19 Mar 2020, 08:56:33 AM IST

SGX Nifty down nearly 5%

SGX Nifty, which indicates the movement for the Indian equity market, was nearly 5% lower in early deals. Japan's Nikkei 225 index fell a marginal 0.7%, while Hang Seng in Hong Kong plunged over 4%. Shanghai Composite index in China dropped 3% in morning deals.

19 Mar 2020, 08:41:55 AM IST

Dow Jones slips 6.3%, S&P 500 falls 5.18%

The Dow Jones Industrial Average fell 1,338.46 points, or 6.3%, to 19,898.92, the benchmark S&P 500 lost 131.09 points, or 5.18%, to close at 2,398.1, and the Nasdaq Composite index dropped 344.94 points, or 4.7%, to end the session at 6,989.84.

19 Mar 2020, 08:38:59 AM IST

US stocks continue to slump

Wall Street indices continued their downward spiral on Wednesday as the widening impact of the coronavirus outbreak threatened global economic activity. The stocks pared some losses after the US Senate passed legislation to provide billions of dollars to limit the damage from the outbreak through free testing, paid sick leave and expanded safety-net spending.

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