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Bharat Heavy Electricals Limited has won an
order for supply of electric buses and charging infrastructure for Gorakhpur, Uttar Pradesh.
Telecom department moves Supreme Court, bats for telecom companies, citing adverse impact on telecom, banking sector, reports CNBC-TV18. DoT seeks court nod for 20-year window for payment of AGR dues
England's FTSE down over 7%
Europe's Euronext slips 8.3%
France's CAC falls 9%
Germany's DAX declines over 7.4%
Government bond yields slumped nearly 20 basis points, their biggest fall since October 2019, after Reserve Bank of India announced a press conference at 4 pm on Monday.
Delhi government on Monday decided to close gyms, nightclubs, spas and any gathering of more than 50 people including social, political, cultural, religious and family events until 31 March to contain the spread of coronavirus (COVID-19).
South Korea Central Bank cuts base rate by 50bps to 0.75%
Four new infections of the novel coronavirus have been confirmed in Maharashtra on Monday morning, a spokesperson for the state health ministry said. Of these, 3 new patients are in Mumbai and 1 in Navi Mumbai. This brings the state's tally to 37 -- up from 33 infections last night -- highest in the country.
The Indian equity markets continued to remain under pressure due to global sell-off amid fears of coronavirus. The benchmark Sensex tanked over 2100 points or 6.4% at but pared some losses later at 32,279.37 points. The Nifty was down 504 points or 5% at 9,451.25.
Yes Bank surged 58% to touch an intraday high of ₹40.40 apiece on the BSE.
Among sectoral indices, Nifty Bank was the biggest laggard, down 6.6% followed by Nifty Metal, down 6.12%.
Vodafone Idea said that it has paid the principal amount of ₹6,854 crore against the adjusted gross revenue dues to the DoT as per self-assessment. The telco paid ₹2,500 crore on 17 February, ₹1,000 crore on 20 February and ₹3,354 crore in 16 March.
SGX Nifty down nearly 6%
Hong Kong's Hang Seng down 3.4%
Shanghai Composite slips 1.5%
Japan's Nikkei dropped over 2%
South Korea's fell 1.7%
Australian stocks plunge 10%
The Supreme Court as dismissed plea by Vodafone Idea against levy of one-time spectrum charges. (CNBC-TV18)
Nifty Pharma up 1.5%
The shares of Yes Bank surged 58% in today's session touching an intra-day high of ₹40.40 apiece versus its previous close of ₹25.55.
Bank of Japan to set aside 2 trillion Yen for buying more commercial papers and corporate bonds. The bank will offer one year loan at zero per cent interest against private collateral against September 2020.
Yield of 10-year bond fell 11 bps to 6.197% from its previous close of 6.322%. Bond yield and prices moves in the opposite direction.
Market regulator Sebi is not considering any ban on short-selling. Sebi has received many proposals, but there was no proposal for banning short selling. (CNBC-TV18)
SBI Cards and Payment Services made a weak debut on the stock exchanges amid sharp sell-off at ₹683 per share against issue price of ₹755.
The housing finance company on Sunday said that the company, as well as its promoters, does not have any outstanding term loan from Yes Bank. "In relation to some rumors and misinformation in social media regarding term loans of Yes Bank to Indiabulls Housing Finance, we would like to place facts in public domain that the outstanding terms loans from Yes Bank to Indiabulls Housing Finance are Zero," the mortgage lender had said in a BSE filing.
Reliance Group Chairman Anil Ambani summoned by ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others. (PTI)
SBI Cards will make its debut on exchanges today amid weak broader markets. The issue price of SBI Cards shares has been fixed at ₹755 per share. The ₹10,000 crore IPO of SBI Cards and Payment Services Ltd, India's largest IPO in over two years, was subscribed over 22 times and had closed on March 5.
The Union Cabinet on Friday approved the Yes Bank rescue plan crafted by the State Bank of India.
Indian benchmark indices opened lower on Monday as global sell-off continued after the US Federal Reserve slashed key interest rates amid fears of fast spreading coronavirus.
Sensex cracked over 1688 points or nearly 5% at 32,415.03. Nifty was down 432 points or 4.34% at 9,522.85.
The benchmark indices were in the red in the pre-open session. Sensex slipped over 1000 points while Nifty was down 400 points.
The Indian rupee opened lower at 74.11 against US dollar versus Friday's close of 73.91
Brent crude lost $1.01 to $32.84 per barrel in London. Benchmark U.S. crude tumbled 1.8%, or 56 cents, to $31.17 per barrel in electronic trading on the New York Mercantile Exchange.
Asian stock markets and US futures fell Monday after the Federal Reserve slashed its key interest rates.
On Wall Street, futures for the benchmark S&P 500 index fell 5% on Sunday night and triggered a halt in trading.
Hong Kong's Hang Seng fell 2.27% in early deals
Singapore's SGX Nifty slipped 4.3%
Australian benchmark plunged 7.2%
Shanghai Composite index was down 0.3%
Japan's Nikkei was up 0.11% on expectations of BOJ action
In a drastic measure to stem any major disruption to the US economy as a result of the coronavirus outbreak, the Federal Reserve cut benchmark interest rate to 0-0.25%.
Wall Street roared back from its worst day in 30 years Friday with a broad rally that sent the Dow Jones Industrial Average nearly 2,000 points higher — its biggest point gain ever — after President Donald Trump declared the coronavirus pandemic a national emergency.
The major indices each closed with gains of more than 9%.
