Sensex zooms 2,476 pts in biggest one-day percentage gain since May 2009

All that happened in the markets today

1:21 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
DR REDDY'S LABS	3540.00	3597.00	12.57
GLAXOSMITH C H L	10231.60	10489.00	9.23
HIND. UNILEVER	2355.45	2399.40	9.38
IPCA LABS.	1489.70	1649.00	7.57
TORRENT PHARMA.	2293.10	2371.95	10.40

1:14 PM

Britannia jumps 10% as Co partners with Dunzo for delivery of food items

Shares of fast moving consumer goods (FMCG) company Britannia Industries jumped 10 per cent on the BSE on Tuesday after the company said it has partnered with on-demand e-commerce platform Dunzo for home delivery of all its products. Customers can avail Britannia products through the Dunzo app in under an hour of ordering from the ‘Britannia Essentials’ store, news agency PTI reported citing a joint statement by the companies. READ MORE

1:11 PM

MARKET CHECK :: Sensex holds momentum, up over 1,800 pts

1:04 PM

Consumer companies assess impact of nationwide lockdown on businesses

Though the Centre has clarified that the lockdown will not extend beyond April 14, states may still take their time to lift the curfew in their regions, de­pending on the number of cases that emerge every day. The picture hardly inspires confidence in companies, keen to protect their employees even as they aspire to continue business operations. READ MORE

12:58 PM

Europe opens higher

12:53 PM

Top gainers on BSE

COMPANY	PRICE(rs)	CHG(%)
GUJ ALKALIES	303.60	20.00
JINDAL STEEL	74.10	17.25
GODREJ PROPERT.	704.75	16.08
INDUSIND BANK	362.60	15.75
CADILA HEALTH.	316.35	15.02

12:52 PM

MARKET UPDATE:: Sensex extends gains

12:33 PM

Here's why Muthoot Finance, Manappuram look promising among NBFC stocks

The rapid spread of coronavirus pandemic (Covid-19) across the globe and the 21-day lockdown imposed by the Indian government in this backdrop is likely to dent the fortunes of India Inc. Despite the stimulus measures by the government and the Reserve Bank of India (RBI), overall markets and especially the financial sector stocks, including those of non-bank finance companies (NBFCs), have taken a hard knock. READ MORE

12:25 PM

STOCK ALERT :: Britannia surges 9%

12:18 PM

Rush hour and tougher questions ahead for both Mint Road and banks

The asset quality of banks and the demands on their capital position due to its further deterioration must rank among the top concerns. The central bank has moved on the double to put in place a three-month moratorium on the servicing of term loans. But there has been no relook at income recognition and asset classification norms, the status of additional provisioning under the central bank’s June 7 circular, and the road ahead under the Insolvency and Bankruptcy Code (IBC) in these stressful times. READ MORE

RBI Governor Shaktikanta Das

12:08 PM

Pharma stocks rally; Nifty Pharma index surges 10%, Ipca Labs hits new high

Shares of pharmaceutical companies rallied on Tuesday with the Nifty Pharma index surging 10 per cent as the government lifted the curbs on exports of 13 active pharmaceutical ingredients (APIs) and their formulations. The index had rallied 5 per cent in the previous session also. The ban on export of hydroxychloroquine (HCQ) -- claimed to be effective to treat coronavirus (COVID-19) -- may also be lifted, Business Standard said in a report. READ MORE

12:05 PM

MARKET UPDATE:: India VIX drops 7%

12:04 PM

Coronavirus impact: Retail investors see Rs 3 trillion hit on investments

Data from Capitaline shows that at the end of December, retail investors (those with up to Rs 200,000 of investment in individual capacity), held Rs 9.84 trillion worth of investments in over 3,000 listed firms on the exchanges. The value had shrunk to Rs 6.87 trillion as on April 3, 2020. Only actively-traded stocks were considered for the analysis, READ MORE

11:55 AM

Trading hour to circuit breakers: Markets globally take steps amid Covid-19

Global exchanges are changing trading rules to protect their markets from intense volatility and speculative trading as the coronavirus pandemic threatens the world economy.

 

Many markets have shortened trading hours, and others are mulling whether to follow suit. READ MORE

11:48 AM

MARKET INSIGHT