Sensex plunges 3,935 pts in biggest 1-day fall; investors lose Rs 13.88 trn

All that happened in markets today

1:42 PM

BROKERAGE RADAR | ICICI Securities on Escorts

We are enthused by Kubota’s entry as a strategic investor in Escorts, especially given its leadership in the farm implement space. Kubota brings a global presence, significant technological prowess and production excellence. However, we await cash utilisation plans at Escorts before any meaningful change in stance on the company. We are constrained by limited dividend payouts by Escorts in the past with no firm outlook, going forward. We value Escorts on an SOTP valuation basis and maintain our HOLD rating on the stock with a revised target price of Rs 715.

1:38 PM

NEWS ALERT | RBI advances open market operations purchase auction of March 30 to March 28: CNBC TV18

1:36 PM

Expert Tweets :: Shankar Sharma on MFs

1:29 PM

NEWS ALERT | RBI to provide Rs 50,000 cr via variable rate repo auction today: CNBC TV18

1:25 PM

Will take relook at GDP forecasts for FY20, FY21, but it's too early: CEA

We do have our internal assessments on this, but I think that is something prone to significant error. We know that indicators for March will get impacted. April and May will also get hit. It is, however, too early to give new numbers as the situation is still ever-changing. READ MORE

CEA Krishnamurthy Subramanian

1:20 PM

108 stocks from BSE500 index tank over 50% in a month; IndusInd plunges 71%

The ongoing carnage in the Indian equity markets has seen the share price of more than one out of every five stocks in the S&PBSE 500 index more than halve in the past month. A total of 108 stocks from the index tanked between 50 per cent to 73 per cent on the BSE. In comparison, the S&P BSE 500 and the benchmark S&P BSE Sensex fell 36 per cent in the same period. READ MORE

1:18 PM

Rupee check

1:16 PM

MARKET CHECK | Top 5 gainers on the BSE at this hour

1:13 PM

PM Modi interacts with media heads in wake of coronavirus outbreak: ANI

1:00 PM

43% of MSMEs will close if Covid-19 lock down exceeds eight weeks: Expert

"When the industry isn't even able to pay salaries, making PF contributions is out of the question. And failure to pay will invite penal action. During the last 10 days of the financial year, no bank will extend loans, jewellery loans are also not possible since gold prices have fallen, Raghunathan said. "There is no clarity on when the Finance Ministry's taskforce will be formed or how much time it would take to come out with its findings and implement remedies. READ MORE

12:57 PM

Investor wealth plunges over Rs 10 trillion as markets hit lower circuit

Investor wealth plummeted by over Rs 10 trillion in the first hour of trade on Monday as the equity markets went into a tailspin and sank 10 per cent. Rising cases of coronavirus (Covid-19) has hit market sentiment negatively, with the equity markets starting the week with a massive selloff. The market capitalisation of BSE-listed firms dropped by Rs 10,29,847.17 crore to Rs 1,05,79,296.12 crore just before the trading was halted for 45 minutes. READ MORE

12:46 PM

Selling has been overdone, market is nearing a bottom

Stocks once again crumbled on Monday and there was complete chaos. The trading has been halted twice over the last fortnight - earlier with the Nifty hitting a lower circuit and today the Sensex. One needs to understand that market volatility cannot be contained by curbing or banning short sales. Shorts are a must in the system. That said, the way markets have corrected - steeply and sharply, the recovery will also be in the same fashion. It is not a slow correction. READ MORE

12:41 PM

Expert Tweets :: Porinju Veliyath on panic sell-off

12:36 PM

NEWS ALERT | Kalpataru Power calls off Board meeting amid Covid-19 scare: BSE filing

12:35 PM

Rupee outlook from IFA Global

Exporters are advised to hold with a stop loss of 75.30. Importers are advised to go for back to back hedging or through RR option strategy (Buy Call, Sell Put). The 3M range for USDINR is 72.50 - 76.50 and the 6M range is 71.50 – 77.00 considering the panic situation amid coronavirus spread