Home / Markets / Live Blog /  Pandemonium in markets, Sensex cracks over 1900 points; Yes Bank jumps 31%

Pandemonium in markets, Sensex cracks over 1900 points; Yes Bank jumps 31%

Sensex, Nifty traded 4% lower tracking global peers and extended sell-off. (Photo: Reuters)Premium
Sensex, Nifty traded 4% lower tracking global peers and extended sell-off. (Photo: Reuters)

  • A sell-off triggered by fears of the economic fallout of COVID19 wiped off over 7 lakh crore of investors’ wealth today.
  • Monday's rout comes after two bruising weeks of losses during which Nifty 50 index has shed 9%

Welcome to the Mint live blog. Track this space for latest update on stock market.

09 Mar 2020, 03:40:16 PM IST

Market closing

Sensex and Nifty today fell below their respective psychologically crucial levels--of 35,000 and 10,500—in their biggest single-day fall. However, by the end of day’s trade, the benchmark indices managed to recoup some losses.

Having declined over 6% during the day, the Nifty closed 4.9% lower at 10,451.50 while the Sensex closed at 35,634.95, down 5.2%.

A sell-off triggered by fears of the economic fallout of COVID19 wiped off over 7 lakh crore of investors’ wealth today.

On the BSE, 362 stocks advanced, 2,191 declined and 172 remained unchanged. On the Nifty50, 4 advanced while 46 declined.

BSE MidCap closed 673 points or 4.73% lower at 13,554.07.

Monday's rout comes after two bruising weeks of losses during which Nifty 50 index has shed 9%.

09 Mar 2020, 03:27:33 PM IST

Nifty50 top gainers and losers

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09 Mar 2020, 02:38:34 PM IST

BSE MidCap down 626 points

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09 Mar 2020, 02:36:00 PM IST

Zydus inks pact with XOMA

Zydus Cadila has entered into a licensing agreement to advance an IL-2-based immuno-oncology (lO) drug candidate that combines Zydus' fL-2 with XOMA's novel anti-lL-2 monoclonal antibody.

09 Mar 2020, 02:13:52 PM IST

All NSE sectoral indices in the red. Nifty Metal biggest laggard

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09 Mar 2020, 02:08:51 PM IST

USFDA completes inspection at Cadila Healthcare's facility

The USFDA completed its inspection at the company's formulations manufacturing facility located at Baddi in Himachal Pradesh, from 2nd to 9th March. At the end of the inspection, no observation was issued.

09 Mar 2020, 02:04:09 PM IST

RIL down 12.2%

Shares of RIl plunged 12.2% lead by which market-cap of the company came down to 7 lakh crore.

09 Mar 2020, 01:59:10 PM IST

Global rout

Japans Nikkei 225 sheds more than 5% while Australian shares close down 7.3%.

EuroSTOXX 50 futures last traded down 6%, German DAX futures dropped 5.6% and FTSE futures fell 6.5%.

09 Mar 2020, 01:53:36 PM IST

ONGC falls 14.13%

ONGC sees biggest single day fall in 12-years.

09 Mar 2020, 01:52:48 PM IST

Welspun India declares interim dividend

The board of directors of the company at their meeting held today, approved an interim dividend of 1 per share.

09 Mar 2020, 01:48:19 PM IST

779 stocks hit 52-week low on BSE

09 Mar 2020, 01:42:38 PM IST

FIR against Rana Kapoor

CBI files FIR against Kapil Wadhwadan and Rana Kapoor: CNBC TV18

09 Mar 2020, 01:17:55 PM IST

Indiabulls Housing Finance tanks 15.6%

Yes Bank owes 662 cr to Indiabulls Housing Finance via AT-1 Bonds. The investments in AT-1 bonds of Yes Bank were made in 2017, as a part of its treasury management of over 20,000 crores of cash and when Bank was worth over $10 billion in value.

09 Mar 2020, 01:15:18 PM IST

Sensex sinks 2300 points, ONGC, RIL, IndusInd top laggards

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09 Mar 2020, 01:12:23 PM IST

RIL, HDFC twins, TCS, ICICI Bank, Infosys drag Sensex 2300 points down

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09 Mar 2020, 01:08:53 PM IST

India VIX up at 27.12%

India VIX or volatility index hits 4-year high.

09 Mar 2020, 12:50:29 PM IST

Nifty Metal down nearly 6%, worst hit among sectoral indices

The Nifty Metal index was the worst hit among NSE sectoral indices, down 5.9%. All the 15 index constituents were in the red, with losses led by NMDC, Vedanta Limited, Tata Steel, and Jindal Steel.

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09 Mar 2020, 12:42:52 PM IST

Coronavirus: Health ministry confirms 4 more cases

India on Monday reported four fresh cases of COVID-19, also known as novel coronavirus, taking the total to 43 in the country.

09 Mar 2020, 12:26:42 PM IST

Yes Bank's moratorium could end by Saturday; shares up 37%

The moratorium on private lender Yes Bank could end as early as Saturday but State Bank of India will have to put in capital for these curbs to be lifted, Prashant Kumar, according to a Mint report.

Shares of Yes Bank traded up 37% at 22.25 apiece on the BSE.

09 Mar 2020, 12:02:46 PM IST

Moody's again slashes India's growth projection for 2020 to 5.3%

In less than a month’s time, rating agency Moody’s Investors Service has revised downward its baseline growth projections for India to 5.3% for 2020 from 5.4% earlier, cautioning that an extensive and prolonged slump as a result of COVID-19 outbreak will reduce growth in Asia’s third largest economy to 5% during the same calendar year.

09 Mar 2020, 11:58:08 AM IST

Amara Raja Batteries announces interim dividend

Amara Raja Batteries Ltd has announced to pay second interim dividend on or before 7 April.

09 Mar 2020, 11:55:43 AM IST

Appointment of CFO at State Bank of India

Chalasani Venkat Nageswar, Deputy Managing Director, International Banking Group has been given additional charge of Deputy Managing Director & CFO with immediate effect till further orders.

09 Mar 2020, 11:52:53 AM IST

Confirmed COVID-19 cases rise to 42

Total number of confirmed cases of coronavirus rise to 42, with one case each reported from Delhi, UP and J-K (PTI)

09 Mar 2020, 11:34:25 AM IST

Yes Bank up 31.8%

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09 Mar 2020, 11:31:28 AM IST

Market outlook by Rusmik Oza, Kotak Securities

There have been decline in cases of COVID-19 in China whereas it is on the rise in other parts of the world. Global markets are reacting negatively to the rise in COVID-19 cases outside China. The global COVID-19 situation is still fluid and hence difficult to make a strong case for aggressive investment at current levels. If China returns to normalcy then the supply side constraints could ease in the coming months.

The sharp fall in crude prices provides buffer to Indian economy. A USD 5/bbl decline in oil prices saves India USD 7-8 bn. We do not see any meaningful impact of Yes Bank on India’s financial system. If anything, the larger banks and NBFCs will emerge stronger.

09 Mar 2020, 11:24:34 AM IST

OMCs shares rise as crude prices below $28 per barrel

Shares of oil marketing companies rose upto 13% intraday on Monday as crude oil prices plunged. Shares of Bharat Petroleum Corporation Ltd (BPCL) gained as much as 12.72% to hit a high of 454.10, Hindustan Petroleum Corporation (HPCL) was higher by 12.82% to 226.60 while Indian Oil Corporation (IOC) rose 4.42% to 105.25 during the day.

09 Mar 2020, 11:14:46 AM IST

₹6 lakh crore wiped off BSE in early trade

The market capitalisation of BSE listed companies fell from 144 lakh crore to rs 138 lakh core.

09 Mar 2020, 11:01:47 AM IST

RIL underperforms Nifty but remains top pick for brokerages

Even as Reliance Industries, India’s largest company by market capitalization, continued its losing streak in a falling market, it remains a top pick for brokerages Goldman Sachs and Morgan Stanley.

09 Mar 2020, 10:55:40 AM IST

BSE Oil & Gas down 2.1%

BPLC, HPCL and IOC among rare gainers in a weak market

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09 Mar 2020, 10:42:44 AM IST

India VIX up 11.5%

The volatility index or India VIX rose 11.5 % at 28.6025 points.

09 Mar 2020, 10:38:17 AM IST

BEML board to consider interim dividend

BEML board meet 13 March to consider interim dividend. Record date to be 21 March.

09 Mar 2020, 10:23:43 AM IST

Sensex down 1400 points

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09 Mar 2020, 10:23:43 AM IST

Vodafone Idea gains 4.8%

Shares of Vodafone Idea gained 4.8% to touch a n intra-day high of 3.47 apiece on BSE. Vodafone Group Plc chief executive officer Nick Read on Friday met finance minister Nirmala Sitharaman and telecom minister Ravi Shankar Prasad in a frantic effort to save the loss-making Vodafone Idea Ltd from shutting down but refused to divulge the details of the meeting.

09 Mar 2020, 10:01:14 AM IST

Nifty Bank down 4%

Nifty Bank slips below 27,000 mark for the first time since September 2019.

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09 Mar 2020, 09:57:29 AM IST

Metal stocks down

BSE Metal falls 5.8%

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09 Mar 2020, 09:51:43 AM IST

Bank of India hits 52-week low

Shares of Bank of India fell nearly 7.15% to touch a 52-week low of 42.20 on BSE.

09 Mar 2020, 09:46:05 AM IST

Pharma sales growth back in double digits in February

After two months of tepid growth, sales in the Indian pharmaceutical market increased by 12.1% to 12,072.9 crore on year in February led by double-digital growth in eight out of 10 segments, data from market research firm AIOCD-AWACS showed.

In December and January respectively, sales of pharmaceutical companies came in at 8.8% and 7.7% respectively.

09 Mar 2020, 09:42:32 AM IST

Novartis down 2.24%

The company on Friday, after market hours, had received a demand notice pertaining to short deduction of TDS on certain transactions of the company.

09 Mar 2020, 09:37:05 AM IST

IOC, BPCL and HPCL gain 2-7%

In a weak market shares of oil marketing companies IOC, BPCL and HPCL rose 2.28%, 5.46% and 7.42% respectively following a decline in global crude oil prices.

09 Mar 2020, 09:33:52 AM IST

ONGC falls 11%

The shares of state owned ONGC Ltd fell 11% following the slump in global crude oil prices which is seen hitting company's realizations.

09 Mar 2020, 09:29:25 AM IST

SBI down nearly 5%

Shares of India's largest public sector bank slipped 4.9% in the early deals. SBI on Saturday said that it will invest 2,450 crore immediately in the Yes Bank, which can later balloon to over 10,000 crore depending on the due diligence and final valuation, to pick up 49% in the bank.

09 Mar 2020, 09:27:24 AM IST

Yes Bank up 12%

Yes Bank gained 12.23% in the early deals. The RBI on Friday announced a draft rescue plan for Yes Bank, saying State Bank of India has expressed its willingness to invest in the troubled lender.

09 Mar 2020, 09:18:14 AM IST

Sensex, Nifty bleed red

Indian benchmark indices on Monday crashed nearly 3% at open following an extended sell-off in the markets.

09 Mar 2020, 09:11:19 AM IST

Govt 10-year bond yield opens lower

Government 10-year bond yield opened lower at 6.10% versus previous close of 6.18%.

09 Mar 2020, 09:08:33 AM IST

Sensex down 600 points in pre-open

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09 Mar 2020, 09:04:27 AM IST

Rupee opens lower

The Indian rupee opened lower at 74 against the US dollar, The domestic currency closed at 73.79 on Friday

09 Mar 2020, 08:53:31 AM IST

Indian stock markets seen under pressure

Indian stock markets are likely to be under pressure on Monday following weakness in global markets, while the Yes Bank crisis may keep investors cautious.

09 Mar 2020, 08:52:22 AM IST

Stocks to Watch

Yes Bank, SBI, Vodafone Idea, DHFL, Indiabulls, BPCL are among the top stocks that could be in focus in today's trade.

09 Mar 2020, 08:51:14 AM IST

Oil prices crash

Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia that is likely to have sweeping political and economic consequences.

09 Mar 2020, 08:49:51 AM IST

Asian stocks plunge

Tokyo's Nikkei 225 fell 6.15 and Hong Kong's Hang Seng sank 3.8%. The Shanghai Composite Index was off 1.6%. Singapore's SGX Nifty was down 2.8%.

09 Mar 2020, 08:49:51 AM IST

Wall Street ends lower

US stocks fell on Friday as fears of economic damage from the spread of the coronavirus intensified, though Wall Street's major indexes ended well above their session lows. The Dow Jones Industrial Average fell 256.23 points, or 0.98%, to 25,865.05, the S&P 500 lost 51.54 points, or 1.70%, to 2,972.4 and the Nasdaq Composite dropped 162.98 points, or 1.87%, to 8,575.62.

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