MARKET WRAP: Sensex recovers 1,574 pts from day's low to end at 28,288

All that happened in markets today

11:34 AM

Rupee continues its slide: Nears 75 a dollar, forcing an RBI intervention

Rupee’s loss is expected as the dollar index, which measures the greenback’s strength against major global currencies crossed 100 as funds sought safe haven investment in US treasury. READ MORE

11:25 AM

MARKET UPDATE:: PSU banks recover from day' low; Nifty PSU Bank index trading 1% higher after bouncing 8% from day's low

11:22 AM

Recovery from intra-day lows in BSE500 stocks

COMPANY	DAY'S LOW(RS)	LATEST(RS)	RISE(%)
MUTHOOT FINANCE	485.00	597.90	23.28
UNITED BREWERIES	758.75	928.55	22.38
RBL BANK	150.00	183.20	22.13
BAJAJ FIN.	2485.15	3015.25	21.33
ICICI LOMBARD	805.60	970.20	20.43

11:20 AM

Nifty Auto hits 6-year low; Maruti tumbles 11%, Ashok Leyland plunges 19%

Among stocks, Ashok Leyland bled the most - falling up to 19 per cent in the trade. Bharat Forge, Maruti Suzuki India (MSIL), and Mahindra & Mahindra (M&M), all were down over 11 per cent each. Other stocks that were under pressure included Hero MotoCorp, Tata Motors, and Bajaj Auto, among others. These stocks were down in the range of 3.5 - 5 per cent. On the other hand, Motherson Sumi was trading over 1.6 per cent higher at Rs 62.60 apiece on the NSE. READ MORE

11:10 AM

MARKET UPDATE:: Sensex off day's lows

11:09 AM

United Spirits, 4 others hit 52-wk lows as bars shut amid Covid-19 outbreak

Individually, United Spirits plunged the most, down 16 per cent on the NSE, followed by GM Spirits (13.17 per cent), and Globus Spirits (10 per cent). Besides, Radico Khaitan slipped 7 per cent, United Spirits (5.6 per cent), Pioneer Distilleries (5 per cent), and Associated Alcohol and Breweries (4.8 per cent).  READ MORE

11:00 AM

Rupee at record low

10:58 AM

IndusInd Bank recovers 13% off day's lows

10:40 AM

YES Bank plunges 23%

10:33 AM

Coronavirus pandemic burns Rs 1.9 trillion hole in LIC's investments

A 30 per cent drop in the S&P BSE Sensex and the Nifty 50 thus far in the calendar year 2020 (CY20) has weighed heavily on the fortunes of state-owned life insurer, Life Insurance Corporation of India (LIC), which has suffered a notional loss of about Rs 1.9 trillion in the past two-and-half months. The insurer, known for making large equity investments, has substantial holdings in many listed companies. READ MORE

10:25 AM

Oil to stay under pressure; eyes on fiscal measures to address coronavirus

Crude oil has indeed taken the brunt of the coronavirus (COVID-19) health scare and was one of the first markets to be impacted by the sell-off in risk-assets. The full demand impact of the virus is still unclear, but oil consumption is certainly under severe pressure as countries continue to escalate measures to stem the spread of the virus. In our view, jet fuel demand will continue to suffer well into the summer months due to the widespread travel bans that have been put in place. Fuel oil demand will also suffer as the cruise-line industry slows dramatically. READ MORE

10:17 AM

Nifty reclaims 8,000-mark

10:15 AM

MARKET UPDATE:: Mild recovery in Sensex

10:13 AM

Coronavirus update:: Two women test positive ; total cases in Maharashtra reaches 47

10:04 AM

Technical view: Here are five ways you can manage market volatility

India VIX, a measure of volatility and investors’ perception about the risk of sharp swings based on options prices, rose to its highest level since the 2008 global financial crisis (GFC) last week, as fear gripped markets worldwide after COVID-19 was declared a ‘pandemic’. VIX is meant to indicate investors’ perception of the annual market volatility over the next 30 calendar days. The higher the value, the higher is the expected volatility and vice versa. VIX touched its historical peak of 85.13 on November 17, 2008, in the aftermath of the collapse of Lehman Brothers. In the past five years, it has stayed below 30. READ MORE