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Coronavirus stings D-Street; Sensex crashes 1448 points

After nosediving over 1,525 points during the day, the 30-share BSE barometer ended 1,448.37 points, or 3.64 per cent, lower at 38,297.29.Premium
After nosediving over 1,525 points during the day, the 30-share BSE barometer ended 1,448.37 points, or 3.64 per cent, lower at 38,297.29.

  • Nifty slips more than 400 points to 11,219; Nifty Bank down 3.3%, Nifty Metal falls over 7%
  • Fear gauge India VIX up nearly 29%

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28 Feb 2020, 03:36:55 PM IST

Market closes down nearly 4%

After crashing 1000 points at open, Sensex extended losses to close 1448 points lower at 38,235, recording its biggest one-day decline since 24 August 2015. Fears that coronavirus may cripple the global economy triggered a massive sell-off. Nifty suffered its worst weekly fall since 2009.

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28 Feb 2020, 03:25:44 PM IST

All sectotal indices deep in red; Nifty Metal sheds over 7%

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28 Feb 2020, 02:58:42 PM IST

Petrol, diesel prices to go up from 1 April

National oil marketer Indian Oil Corporation (IOC) on Friday said it is ready to supply low emission BS-VI fuels from 1 April and that there will be a marginal increase in retail prices, according to a PTI report.

28 Feb 2020, 02:46:42 PM IST

Dr Reddy's receives Form 483 for Bachupally plant

The pharmaceutical major informed the stock exchanges that the US Food and Drug Administration (US FDA) today completed its inspection at its formulations manufacturing plant - 3 at Bachupally, Hyderabad. The US regulator has issued a Form 483 with two (two) observations.

28 Feb 2020, 02:39:24 PM IST

Nifty IT index down nearly 5%

Tech Mahindra was the top laggard, down nearly 8%, while IT giants TCS and Infosys fell 4.1% and 4.8%, respectively.

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28 Feb 2020, 02:30:08 PM IST

Bandhan Bank nears all-time low

Shares of the private lender neared its record-low level of 369.15, paring the gains it had made in the past two trading sessions. On Tuesday, the bank had said the Reserve Bank of India (RBI) lifted its restrictions, allowing the bank to open new branches without prior permission. The RBI had penalised the lender over violation of promoter shareholding norms. The stock was down 3.1%.

28 Feb 2020, 02:15:28 PM IST

European equities open sharply down

Benchmark indices in Europe traded lower, tracking global peers. FTSE 100 index on the London Stock Exchange was down more than 3%, France's CAC 40 also slipped 3.1%, while the bluechip index Dax in Germany fell nearly 4%.

28 Feb 2020, 01:51:13 PM IST

BSE SmallCap down 400 points

BSE SmallCap
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BSE SmallCap
28 Feb 2020, 01:48:47 PM IST

BSE MidCap down 386 points

BSE MidCap
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BSE MidCap
28 Feb 2020, 01:48:06 PM IST

Motherson Sumi declares interim dividend for FY20

Motherson Sumi Systems Ltd has declared an interim dividend of 1.50 per equity share for the financial year 2019-20.

28 Feb 2020, 01:36:18 PM IST

India Vix up 24.5%

India VIX or fear gauge is up a sharp 24.5% at 22.1 points indicative of deepening investor concerns.

28 Feb 2020, 01:28:54 PM IST

No decision by telecom panel on relief efforts amid AGR crisis

The Digital Communciations Commission did not take any decision on Friday on whether telecom operators should be provided relief measures for payments related to adjusted gross revenue dues.

28 Feb 2020, 01:06:28 PM IST

Over 350 stocks hit 52-week low on BSE

More than 350 stocks tumbled to their 52-week lows on the BSE, including GAIL, HeroMoto Corp, Hindalco, IndusInd Bank, Indian Oil Corp, Lupin, Mahindra & Mahindra, ONGC, Punjab National Bank, Sun Pharma, Tata Power, Vedanta and Wipro.

28 Feb 2020, 12:51:59 PM IST

Nifty Metal biggest laggard

The Nifty Metal index slipped 5.5%, driven by heavyweights Tata Steel, Vedanta, Steel Authority of India, Hindalco and JSW Steel. Anil Agarwal-led mining major Vedanta plunged 10.65%, while steel giant Tata Steel fell nearly 7%. The index is set for its biggest weekly fall since October 2008.

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28 Feb 2020, 12:42:57 PM IST

Indian rupee hits 6-month low

Indian rupee has extended the morning fall and traded near 6-month low of 72.14 against the US dollar. The rupee touched an intra-day low of 72.27 per dollar. It had opened down at 71.93.

28 Feb 2020, 12:27:51 PM IST

PVR declares interim dividend for FY20

The media company today said its board has declared an interim dividend of 4 per equity share of face value of 10 each for the financial year 2019-20. The dividend will be distributed on or before 27 March 2020.

28 Feb 2020, 12:18:32 PM IST

At noon, Sensex, Nifty extend losses

The benchmark indices extended the morning losses in mid-day trade, with both Sensex and Nifty falling more than 3%. While Sensex was at 38,474.95 points, Nifty traded at 11,260.05. Nifty Bank index continued its decline and was at 29,259.45 points.

28 Feb 2020, 12:12:49 PM IST

Q3 GDP growth seen at 4.7%

A Reuters poll of economists estimated India's GDP growth at 4.7% in the December quarter, marginally higher than 4.5% in the previous quarter due to a mild rebound in rural demand, private consumption and government spending. The government will release the data later today.

28 Feb 2020, 12:00:30 PM IST

Indian stock markets are not virus-proof after all

Just when it seemed like the Indian markets are virus-proof, apart from being insulated from all the bad macro economic news, investors are hitting the sell button on top Indian stocks. NSE’s Nifty 50 index is down 7% from in the past six trading sessions. In Friday’s bloodbath on the Street, even popular stocks such as Bajaj Finance Ltd were trading 7% lower.

28 Feb 2020, 11:58:55 AM IST

NTPC's Barauni unit to start commercial operations from 1 March

The state-owned company on Friday said its 250-MW unit of Barauni Thermal Power Station Stage-II will commence commercial operations from 1 March. With this, the commercial capacity of NTPC and NTPC group will reach 48,895 MW and 57,356 MW, respectively.

28 Feb 2020, 11:45:12 AM IST

Tube Investments declares interim dividend for FY20

Tube Investments of India on Friday declared an interim dividend of 3.50 per equity share of face value of Re 1 each for the financial year ending March. The dividend will be distributed to shareholders on 18 March 2020. Shares were down 4.8%.

28 Feb 2020, 11:31:33 AM IST

More than 300 stocks hit 52-week low on BSE

On the BSE, 24 companies managed to buck the trend in broader markets and touched their 52-week highs, while 334 languished at their 50-week lows including Bandhan Bank, Bank of Baroda, Dish TV, GAIL, HeroMoto Corp, Hindalco, ITC, Indian Oil Corp, Larsen & Toubro, Lupin and Mahindra and Mahindra.

28 Feb 2020, 11:22:44 AM IST

Motherson Sumi down nearly 5%

Motherson Sumi Systems tumbled, in line with all auto stocks. The auto component maker on Thursday said ratings agency S&P Global has re-affirmed long term credit rating at BB+ and revised its outlook to negative for its subsidiary Samvardhana Motherson Automotive Systems group BV.

28 Feb 2020, 11:08:02 AM IST

Nigeria reports first case of coronavirus

Nigeria is the first country in sub-Sahara Africa to have reported a confirmed case of Covid-19. Cases in South Korea topped 2,000.

28 Feb 2020, 11:02:25 AM IST

Auto stocks in red; Tata Motors slump over 8%

Shares of auto companies traded lower amid fears that Covid-19, commonly known as coronavirus, would hit global supply chains. China, the starting point of the deadly virus, is a major manufacturing hub for auto components. The world's most populous country is also the largest automobile consumer in the world.

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28 Feb 2020, 10:44:16 AM IST

All Asian shares deep in red

Japan's Nikkei was down over 4%, Hong Kong's Hang Seng slipped 2.8%, Korea's Kospi fell more than 3% and Shanghai composite lost 3.8%.

28 Feb 2020, 10:38:32 AM IST

IndusInd Bank down over 1%

IndusInd Bank slipped 1.1%. The private lender on Thursday said the Reserve Bank of India has approved the appointment of Sumant Kathpalia as the chief executive officer for three years. Kathpalia, who currently heads the consumer banking business, will succeed Romesh Sobti.

28 Feb 2020, 10:30:00 AM IST

Tata Steel plunges nearly 8%

Tata Steel, down nearly 8%, was one of the two worst hit stocks on the Sensex as metal shares took a beating following deepening concerns that COVID-19 will turn into a pandemic and derail global economy.

India Ratings and Research on Thursday revised its FY21 outlook for domestic steel sector to negative for FY21 from stable-to-negative, given the modest steel demand growth expectations of 5% compared with an estimated 4% growth for FY20.

28 Feb 2020, 10:17:47 AM IST

Sensex, Nifty hit four-month low

More than 5 trillion of investor wealth has been lost in the first hour of trading. Nifty Bank has slipped below 30,000 points. BSE Midcap and Smallcap indices down over 3.5% each.

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28 Feb 2020, 09:51:15 AM IST

Reliance Industries lose over 3%

Other heavyweights TCS down 2.7%, HDFC twin slips 2-2.4%, Hindustan Unilever tumbles nearly 2%, Kotak Mahindra Bank and ICICI Bank fall 2-3% in early deals.

28 Feb 2020, 09:36:53 AM IST

Nifty Bank slips 2.4%, Financial Services down 2.5%

State Bank of India, Punjab National Bank and Bank of Baroda are the top losers on the Nifty Bank index.

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28 Feb 2020, 09:30:55 AM IST

Nifty Metal tumbles nearly 5%

Nifty Metal was the worst hit among the sectoral indices, dragged by steel major Tata Steel and Vedanta.

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28 Feb 2020, 09:24:56 AM IST

All Sensex, Nifty constituents down

Tech Mahindra, Tata Motors, Yes Bank, JSW Steel and Vedanta biggest laggards in early trade.

28 Feb 2020, 09:19:23 AM IST

All Nifty sectoral indices deep in red

Nifty IT, Nifty Bank, Nifty FMCG, Nifty Pharma, Nifty Auto and Nifty Metal down 2-4%

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28 Feb 2020, 09:06:14 AM IST

Rupee opens weak

Indian rupee tumbled to 71.93 vs 71.55 previous close, against the US dollar. The fall was in line with Asian peers.

28 Feb 2020, 08:48:21 AM IST

Stocks to Watch

IndusInd Bank, IndiGo, HDFC Bank, RIL, Motherson Sumi, Petronet LNG and Godrej Properties are among the top stocks that may be in focus in today's trade.

28 Feb 2020, 08:46:37 AM IST

US crude futures fall to $46.28 per barrel

In early deals in Asia today, most active Brent crude contract for May was down 1.7% at $50.83 a barrel, a 14-month low. Prices have fallen nearly 12% so far this week and are on track for their steepest weekly decline since mid-January 2016.

28 Feb 2020, 08:39:51 AM IST

Asian stocks down

Asian markets were hammered yet again on Friday, tracking a collapse in New York and Europe as the coronavirus spread rapidly around the world.

Japan's Nikkei was down 2.5%, Hong Kong lost 2.4%, Australian shares dropped 3%, and South Korea equities shed 1.4%. Overnight, S&P 500 cracked 4.4%, while the Dow Jones Industrial Average slumped 1,190.95 points. Singapore’s SGX Nifty slipped nearly 2% in early deals.

28 Feb 2020, 08:39:51 AM IST

US stocks plunge more than 4% on coronavirus fears

Wall Street stocks were pummeled again Thursday on mounting fears that the coronavirus outbreak will derail global growth. The Dow Jones Industrial Average was down nearly 1,200 points, or 4.4%, to 25,766.03, its worst session in more than two years. The broad-based S&P 500 also slumped 4.4%, while the tech-rich Nasdaq Composite Index shed 4.6%.

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