MARKET WRAP: Sensex tanks 1,710 pts, ends below 29K; Nifty settles at 8,469

All that happened in markets today

SI Reporter New Delhi

Of 30 constituents, 28 declined and only two - ONGC and ITC ended in the green

1:20 PM

NEWS ALERT | China is said to consider relaxing car-emission rules: Bloomberg

1:15 PM

IndusInd Bank plunges 30%

1:14 PM

Nifty sectoral indices at this hour

1:09 PM

BSE Smallcap index hits over 3-year low, tanks 28% in a month

The S&P BSE Smallcap index hit an over 3-year low on Wednesday as shares of smallcap companies continued to reel under pressure on concerns of economic growth slowdown amid the coronavirus pandemic. At 12:00 pm, the S&P BSE Smallcap index was down 4.2 per cent at 10,384 points -- its lowest level since March 30, 2016. In comparison, the S&P BSE Sensex and S&P BSE Midcap index were down 2.7 per cent and 3.5 per cent, respectively. In the past one month, the smallcap index has slipped 28 per cent, against 27 per cent decline in the Sensex and midcap index. READ MORE

stocks, shares, market, sensex, nifty, BSE, INVESTORS, BROKERS

1:05 PM

MARKET ALERT :: Sensex plunges nearly 1,400 pts

1:04 PM

BSE Smallcap index hits over 3-year low, tanks 28% in a month

At 12:00 pm, the S&P BSE Smallcap index was down 4.2 per cent at 10,384 points -- its lowest level since March 30, 2016. In comparison, the S&P BSE Sensex and S&P BSE Midcap index were down 2.7 per cent and 3.5 per cent, respectively. In the past one month, the smallcap index has slipped 28 per cent, against 27 per cent decline in the Sensex and midcap index. READ MORE

12:57 PM

MARKET ALERT :: Nifty50 briefly slips below 8,600, hits a low of 8,545.6

12:53 PM

L&T, KEC Int'l: Oil price crash, Covid-19 to hit capital goods companies

Other prominent names that are expected to have a negative impact are Kalpataru Power, AIA Engineering, and Thermax, owing to weak export businesses as global economies are facing a lockdown situation due to the ongoing coronavirus situation. For instance, around 42 per cent of Kalpataru Power’s order book is exposed to international markets while 70 per cent of AIA Engineering’s revenue comes from export markets. Other companies which have substantial dependence on international markets include Elgi Equipment and Thermax. READ MORE

12:45 PM

Mindtree, Tech Mahindra: IT stocks that should be on your watchlist

Shares of information technology (IT) companies have failed to remain insulated from the coronavirus-led sell-off in Indian equity markets despite Rupee's fall. The Indian currency which settled at 71.29 against the US dollar on February 17 fell to its record low of 74.50 per dollar on March 13, 2020. READ MORE