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		<img align="" alt="Markets" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-03/02/full/1583089916-6051.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Markets" width="620">
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		Of 30 constituents, 28 declined and only two - ONGC and ITC ended in the green</div></div>

Markets

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	The relentless selling on Dalal Street continued on Wednesday with no signs of abating as stocks across-the-board, especially financial sector, fell like a pack of cards. Threat of economic fallout emananting from pandemic Coronavirus (Covid-19) continued to weigh on investor sentiment. Moreover, statements by global brokerages Morgan Stanley and Goldman Sachs that the coronavirus has triggered a global recession spooked investors further.</div>
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	The S&P BSE Sensex sank 1,710 points or 5.6 per cent to end the day at 28,869.51. IndusInd Bank continued to bleed and ended at Rs 460 apiece, down 24 per cent. Other bluechip financial names such as HDFC Bank, HDFC, Bajaj Finance, and Axis Bank plunged up to 11 per cent. Investors lost around Rs 5.39 trillion today. In the past three days, they have lost Rs 15.1 trillion.&nbsp;</div>
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	Of 30 constituents, 28 declined and only two - ONGC and ITC ended in the green. ONGC witnessed a phenomenal rise in the fag-end of the session and closed 10 per cent higher at Rs 66 apiece.&nbsp;</div>
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<div>
	On the NSE, the benchmark Nifty breached 8,500 level to end at 8,469 points with 44 constituents declining and just 6 advancing. Sectorally, all but Nifty Media ended in the red. Nifty Media ended at 1,158, up 4.50 points or 0.39 per cent. Nifty Private Bank index tumbled 7 per cent to 11,219 while Nifty Bank slid around 6 per cent to 20,854 levels.&nbsp;</div>
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	In the broader market, the Nifty Midcap 100 index declined 5.5 per cent to 12,614 and the Nifty SmallCap index closed the day at 4,020 down over 6 per cent.</div>
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	<strong>Global Markets</strong></div>
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<div>
	US stock futures and several Asian shares fell in choppy trade on Wednesday, as worries about the coronavirus pandemic eclipsed hopes broad policy support would combat the economic fallout of the outbreak. In Asia, MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan dipped 0.3 per cent, led by a 4.9 per cent fall in Australia while Japan&rsquo;s Nikkei gained 1.6 per cent. US stock futures fell 3 per cent in Asia.&nbsp;</div>
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	European stock index futures fell more than 5 per cent as fears over the relentless global spread of the coronavirus.&nbsp;</div>
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	In commodities, oil prices fell for a third session to be down about 17 per cent so far this week as the outlook for fuel demand darkened amid travel and social lockdowns triggered by the coronavirus epidemic.</div>
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<div>
	<strong><em>(With inputs from Reuters)</em></strong></div>

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

Business Standard

MARKET WRAP: Sensex tanks 1,710 pts, ends below 29K; Nifty settles at 8,469 | News on Markets - Business Standard

NEWS ALERT | Supreme Court begins AGR hearing; verdict expected shortly: CNBC TV18

NEWS ALERT | Covid-19 outbreak is likely to spark a spate of sovereign downgrades in 2020: Fitch

&gt;&gt; The rating agency&nbsp;expects a higher-than-average number of sovereign ratings actions in 2020<br />
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&gt;&gt; Says, these moves will have the strongest downward bias since the global financial crisis

Titan Company slides over 7%, hits fresh 52-week low

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Feb Aviation Data :: Domestic air traffic up 8.98% YoY vs 2.2% in Jan

&gt;&gt; IndiGo market share at 48% vs 47.9% MoM<br />
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&gt;&gt; SpiceJet market share down at 15.3% vs 16.6% MoM<br />
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&gt;&gt; Air India market share up at 12% vs 11.6% MoM<br />
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STOCK ALERT | Tata Motors trades near 11-year low

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Expert Speaks :: Ambareesh Baliga on surge in YES Bank stock price

<blockquote class="twitter-tweet" data-partner="tweetdeck"><p lang="en" dir="ltr">Exchanges shud have suspended trading in <a href="https://twitter.com/hashtag/YesBank?src=hash&amp;ref_src=twsrc%5Etfw">#YesBank</a> since depositories haven&#39;t yet sorted out the Free/Lock-in issue and the shares are still not reflected in the DP Accounts. <a href="https://twitter.com/EdelweissFin?ref_src=twsrc%5Etfw">@EdelweissFin</a>  <a href="https://twitter.com/NSEIndia?ref_src=twsrc%5Etfw">@NSEIndia</a> <a href="https://twitter.com/BSEIndia?ref_src=twsrc%5Etfw">@BSEIndia</a> <a href="https://twitter.com/hashtag/SEBIN?src=hash&amp;ref_src=twsrc%5Etfw">#SEBIN</a> Is the price surge artificial???</p>&mdash; Ambareesh Baliga (@ambareeshbaliga) <a href="https://twitter.com/ambareeshbaliga/status/1240133818943778822?ref_src=twsrc%5Etfw">March 18, 2020</a></blockquote>
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BROKERAGE RADAR | ICICI Securities on Karur Vysya Bank

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	<strong>RATING: BUY | TARGET PRICE: Rs 60</strong><br />
	<br />
	We believe asset quality ratios at current level have peaked out, during 9MFY20 absolute GNPL was down 1% from FY19 closing portfolio. However, due to Covid19 if general economy slows down further, it could have some impact on KVB&rsquo;s SME portfolio. However, we believe it would be transitory in nature and should not materially impact the asset quality of KVB.</div>

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STOCK ALERT | YES Bank zooms 198% in 3 days

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&gt;&gt;&nbsp;The drug maker Sanofi Pasteur is entering the race to develop a vaccine to protect against the new coronavirus<br />
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MARKET WRAP: Sensex tanks 1,710 pts, ends below 29K; Nifty settles at 8,469

All that happened in markets today

NEWS ALERT | Supreme Court begins AGR hearing; verdict expected shortly: CNBC TV18

NEWS ALERT | Covid-19 outbreak is likely to spark a spate of sovereign downgrades in 2020: Fitch

Titan Company slides over 7%, hits fresh 52-week low

Feb Aviation Data :: Domestic air traffic up 8.98% YoY vs 2.2% in Jan

STOCK ALERT | Tata Motors trades near 11-year low

IndusInd Bank 11% off day's high

Expert Speaks :: Ambareesh Baliga on surge in YES Bank stock price

Sensex cracks 500 pts

BROKERAGE RADAR | ICICI Securities on Karur Vysya Bank

MARKET ALERT | Nifty breaches 8,900-mark

MARKET ALERT | Indices extend fall

STOCK ALERT | YES Bank zooms 198% in 3 days

MARKET CHECK | Sensex slips over 100 pts

Key sectoral indices slip into the red

Sanofi India trades 1.5% higher