Global sell-off continued after the US Fed slashed key interest rates
Sensex and Nifty tumbled nearly 8%. Yes Bank surged 58% in today's session
Welcome to the Mint live blog. Track this space for latest stock market updates.
16 Mar 2020, 02:51:44 PM IST
Goldman Sachs downgrades US growth forecast for Q1 and Q2 due to coronavirus: Reports
16 Mar 2020, 02:48:08 PM IST
BHEL wins Uttar Pradesh govt order to supply electric busses and charging infrastructure
Bharat Heavy Electricals Limited has won an
order for supply of electric buses and charging infrastructure for Gorakhpur, Uttar Pradesh.
16 Mar 2020, 02:42:02 PM IST
DoT moves SC, bats for telcos
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
16 Mar 2020, 02:35:43 PM IST
Europe markets open deep in the red
England's FTSE down over 7%
Europe's Euronext slips 8.3%
France's CAC falls 9%
Germany's DAX declines over 7.4%
16 Mar 2020, 02:22:22 PM IST
Bond yields fall 20 basis points as RBI announces press meet
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.
16 Mar 2020, 02:05:24 PM IST
Nifty down nearly 6%. All sectoral indices in red; bank stocks biggest laggards
16 Mar 2020, 01:53:04 PM IST
Yes Bank to resume full banking services from March 18
We will resume full banking services from Wed, Mar 18, 2020, 18:00 hrs. Visit any of our 1,132 branches from Mar 19, 2020, post commencement of banking hrs to experience our suite of services. You will also be able to access all our digital services & platforms@RBI@FinMinIndia
Gatherings of more than 50 people not allowed in Delhi
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).
16 Mar 2020, 01:25:36 PM IST
Bank of Korea cuts base rate
South Korea Central Bank cuts base rate by 50bps to 0.75%
16 Mar 2020, 01:14:18 PM IST
Volatility Index (Indian VIX) up 11.63%
16 Mar 2020, 12:53:05 PM IST
RBI Governor to hold press conference at 4 pm today
16 Mar 2020, 12:35:41 PM IST
4 new cases of Coronavirus in Maharashtra
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.
16 Mar 2020, 12:30:25 PM IST
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%.
16 Mar 2020, 12:26:42 PM IST
#JustIn: February WPI at 2.26%, food inflation at 7.31% vs 10.12% (MoM)
16 Mar 2020, 12:04:24 PM IST
Vodafone Idea on AGR dues
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.
16 Mar 2020, 11:43:43 AM IST
IndusInd Bank down 14.84%; biggest laggard in the 30-pack Sensex
16 Mar 2020, 11:26:40 AM IST
Asian stocks deeper in the red as global sell-off continues
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%
16 Mar 2020, 11:23:25 AM IST
US futures continue to be at lower circuit
16 Mar 2020, 11:09:12 AM IST
SC dismisses Vodafone Idea plea
The Supreme Court as dismissed plea by Vodafone Idea against levy of one-time spectrum charges. (CNBC-TV18)
16 Mar 2020, 11:03:55 AM IST
Pharma stocks gain
Nifty Pharma up 1.5%
16 Mar 2020, 11:00:35 AM IST
Yes Bank surges 58%
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.
16 Mar 2020, 10:48:07 AM IST
BOJ lowers outlook on economy due to coronavirus
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.
16 Mar 2020, 10:44:42 AM IST
Bond prices surge 11 bps
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.
16 Mar 2020, 10:34:54 AM IST
BSE SmallCap slips over 3%
16 Mar 2020, 10:30:20 AM IST
BSE MidCap index down 2.5% at 12,321.18
16 Mar 2020, 10:24:09 AM IST
Sebi not considering ban on short-selling
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)
16 Mar 2020, 10:03:16 AM IST
SBI Cards debuts at 13% discount
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.
16 Mar 2020, 09:51:16 AM IST
Indiabulls Housing Finance down 2.1%
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.
16 Mar 2020, 09:47:03 AM IST
Anil Ambani summoned by ED
Reliance Group Chairman Anil Ambani summoned by ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others. (PTI)
16 Mar 2020, 09:46:39 AM IST
SBI Cards and Payment Services Ltd to debut on stock exchanges
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.
16 Mar 2020, 09:35:56 AM IST
Yes Bank shares surge nearly 40%
The Union Cabinet on Friday approved the Yes Bank rescue plan crafted by the State Bank of India.
16 Mar 2020, 09:24:33 AM IST
All sectoral indices in red on Nifty
16 Mar 2020, 09:23:05 AM IST
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.
16 Mar 2020, 09:15:34 AM IST
Sensex, Nifty at pre-open
The benchmark indices were in the red in the pre-open session. Sensex slipped over 1000 points while Nifty was down 400 points.
16 Mar 2020, 09:04:15 AM IST
Rupee opens lower
The Indian rupee opened lower at 74.11 against US dollar versus Friday's close of 73.91
16 Mar 2020, 08:55:17 AM IST
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.
16 Mar 2020, 08:45:49 AM IST
Asian stock markets, US futures sink after Fed's rate cut
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
16 Mar 2020, 08:45:49 AM IST
US Fed cuts key interest rate
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%.
16 Mar 2020, 08:45:49 AM IST
US Stocks closed higher in Friday's session
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%.