MARKET: Sensex sees 1,300-pt intra-day swing; ends 153 pts lower at 38,144
All that happened in markets today
 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters")
Panic selling in the last hour of the session after two new COVID-19 cases were detected in Delhi and Telangana spooked equity market on Monday, thus sending the benchmark indices into the negative territory for the seventh session in a row.
The S&P BSE Sensex, which hit a high of 39,083.17, up 786 points during the day, erased all its gains to settle at 38,144, down 153 points against Friday's close of 38,297.29. State-run lender State Bank of India (SBI) ended as the biggest loser on the index with 5 per cent decline while IT major HCL Tech (up over 2 per cent) emerged as the biggest gainer. Besides SBI, Reliance Industries (RIL), Axis Bank, and Bajaj Finance contributed the most to the index's fall.
On the NSE, the 50-share Nifty index ended at 11,133 points, down 69 points or 0.62 per cent.
In the broader market, the S&P BSE MidCap index slipped 0.65 per cent to 14,504 levels and the S&P BSE SmallCap index ended 0.77 per cent lower at 13,604 levels.
Market breadth was in favour of declines as out of 2,616 companies traded on the BSE, 1,509 declined and 946 advanced while 161 remained unchanged.
Volatility index India VIX climbed nearly 8.5 per cent to 25.20 levels.
On the sectoral front, except Nifty IT, all the other indices ended in the negative zone. Media stocks bled the most with the Nifty Media index plunging over 4.5 per cent to 1,595 levels. PSU Bank stocks were next on the list. Nifty IT, on the other hand, gained around 1.5 per cent to 15,428.
Global Markets
Asian shares regained a measure of calm on Monday as markets bounced after a searing sell-off last week and as investors pinned hopes on a likely coordinated global monetary response to help soften the economic blow of the coronavirus outbreak. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1 per cent, up for the first time in four sessions and recovering from a fall of about 0.3 per cent in early trade.
E-minis for the S&P500, which were down more than 1 per cent at one point, were last up 0.5 per cent.
Oil prices rebounded more than $1 a barrel on hopes of a deeper cut in output by OPEC after earlier hitting multi-year lows.
(With inputs from Reuters)
4:06 PM
MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services
The hope that central banks across the globe may come up with stimulus measures to revive global growth held markets higher. However, domestic manufacturing growth for February indicated weakness due to supply concerns indicating that short term concerns could keep market volatile.
3:41 PM
SECTOR WATCH | Barring Nifty IT, all sectoral indices end in the red
3:40 PM
MARKET AT CLOSE | Top losers and gainers on the S&P BSE Sensex
3:36 PM
CLOSING BELL
The S&P BSE Sensex ended at 38,144, down 153 points or 0.4 per cent while NSE's Nifty50 index settled at 11,133, down 69 points or 0.62 per cent.
3:21 PM
MARKET CHECK
3:12 PM
MARKET ALERT | Nifty slips below 11,100 for the first time since Sept 2019
3:05 PM
Market check | Indices turn negative
3:01 PM
Market check
2:58 PM
INOX Leisure tanks 12%
2:57 PM
MARKET UPDATE:: Nifty slips below 11,300
2:55 PM
PVR Ltd slips 5%
2:52 PM
Heatmap: S&P BSE Sensex
2:49 PM
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2:41 PM
MARKET UPDATE:: Sensex off day's high
2:39 PM
Asian shares rebound as markets bet on coordinated policy stimulus
Asian shares regained a measure of calm on Monday as markets bounced after a searing sell-off last week and as investors pinned hopes on a likely coordinated global monetary response to help soften the economic blow of the coronavirus outbreak.
European stock futures also showed a higher opening for European markets, tracking gains in Asia.
European stock futures also showed a higher opening for European markets, tracking gains in Asia.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1 per cent, up for the first time in four sessions and recovering from a fall of about 0.3 per cent in early trade. But the uptick barely made up for a 10 per cent tumble last week. Japan’s Nikkei, which opened 1.3 per cent lower at a six month trough, climbed 0.95 per cent. China’s blue-chip index CSI 300 index gained 3.3 per cent. Australia’s S&P ASX/200 closed down 0.8 per cent, but were well above the day’s lows.
Euro Stoxx 50 futures and German DAX futures both rose 1.6 per cent, while FTSE futures rallied 2.1 per cent.
Topics : Markets MARKET WRAP
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First Published: Mar 02 2020 | 7:47 AM IST
