Sensex tanks 1,448 pts on coronavirus jitters; worst weekly fall in 10 yrs

All that happened in stock market today

9:17 AM

First Trade | Sensex tanks 1,000 pts

9:10 AM

BLOCK DEAL | 50 lakh shares of United Spirits change hands on NSE

9:03 AM

Market at Pre-open

9:03 AM

Top gainers and losers on S&P BSE Sensex during Pre-open

9:02 AM

Rupee opening

Rupee opens weaker at 71.93/$ vs Thursday's close of 71.55 against the US dollar

9:02 AM

Market at Pre-open

8:58 AM

Coronavirus epidemic poses a bigger risk to economy: ECB's Philip Lane

The coronavirus epidemic poses a bigger a risk to the economy the longer it is allowed to last, the European Central Bank's chief economist, Philip Lane, said on Thursday. READ MORE

8:53 AM

Stocks to watch

Banks: The Reserve Bank of India (RBI) is worried over the fallout of the Supreme Court order on telecom dues and is watching industry developments closely, according to a report by business daily Mint.

 

IndusInd Bank: Private sector lender IndusInd Bank said on Thursday that it had appointed Sumant Kathpalia (pictured) the next managing director (MD) and chief executive officer (CEO) from March 24, for a three-year term. READ MORE

8:47 AM

Coronavirus outbreak: Goldman Sachs Group sees gold hitting $1,800

Goldman Sachs Group boosted its gold forecast to $1,800 an ounce as the coronavirus, depressed real rates and increased focus on the US election continue to drive demand for the metal as a haven. The bank raised its 12-month projection by $200, and said “in the event that the virus effect spreads to Q2, we could see gold top $1800/oz already on a 3-month basis.” 

8:44 AM

Wall Street on record correction pace as Coronavirus fears intensify

While the indexes pared some losses, the S&P 500 fell as much as 11.2% from its record close and the Nasdaq dropped 12.2% from its own peak. At its session low, the Dow Jones Industrials declined 12.1% from its Feb. 12 closing high. READ MORE

8:39 AM

Global shares head for worst week since 2008 crisis on coronavirus fears

Hopes that the epidemic that started in China would be over in a few months and economic activity would return to normal have been shattered, as new infections reported around the world now surpass those in China. READ MORE

8:34 AM

Nifty outlook and top stock picks by CapitalVia Global Research: Buy SRF

Market traded lower for sixth consecutive trading session; Nifty needs to hold 11,500

 

Market traded lower on monthly expiry day as markets traded with high degree of volatility due to weaker global cues over coronavirus. The Nifty closed at 11,633.30, shedding 45.20 points. Media, PSU banks, and IT stocks traded with negative sentiments whereas Pharma and FMCG stocks traded with strength. Nifty bank closed at 30,187, slashing 119.85 points from the previous day’s closing. READ MORE

8:31 AM

Commodity view by Bhavik Patel of Tradebulls Securities: Buy Gold, Copper

There is a high expectation that the US Fed will cut interest rate to cushion slowdown because of Coronavirus which is also positive for gold. We still believe gold is positive but overbought in short term so do not to take a fresh long position from here but let it come around to Rs 42,550 for fresh long positions. READ MORE

8:28 AM

Derivatives strategy on Berger Paints by Nandish Shah of HDFC Securities

Bull Spread strategy on Berger Paints

 

Buy Berger Paint March 580 Call at Rs 14.50 & simultaneously sell 600 call at Rs 8.50

 

Lot Size: 2,200.

Rationale:

 

-- Long build-up is seen in the Berger Paints Futures where we have seen rise in Open Interest with price moving up by 1.70 per cent. READ MORE

 

8:24 AM

Bulk deals on BSE as on Thursday

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