MARKETS: Sensex ends 1,325 pts up as indices stage sharpest 1-day recovery

All that happened in the markets today

12:59 PM

As markets get hysterical over Coronavirus, CEA says govt ready to step in

"Government and regulator will be responding when it will be necessary," Subramanian told reporters in response to a question if the government planned relief measures to tackle a rout in the stock market and the rupee currency.

 

Trading on the exchanges hit a "circuit breaker" a few minutes into Friday's session - the first time since 2009 - as widespread panic over the coronavirus pandemic gripped global markets. READ MORE

CEA Krishnamurthy Subramanian

12:48 PM

Market check | Sensex surges over 900 pts

12:45 PM

NEWS ALERT | RBI to hold Rs 25,000 cr, 7-day variable rate repo auction today: CNBC TV18

>> Variable rate repo to counterbalance FX sell/buy swap effect

12:44 PM

Select pharma shares in focus, Nifty Pharma rebounds 16% from day's low

Aurobindo Pharma moved higher by 20 per cent to Rs 449, and witnessed 32 per cent rally in the intra-day deal. The stock slipped 9 per cent to Rs 340, hitting a multi-year low in the early morning trade. The US Food and Drug Administration (USFDA) inspected Aurobindo Pharma’s Unit 12 from 10th to 21th Feb’20 and issued form 483 with six observations. The regulator has pointed out microbiological contamination, lack of training, inadequate analysis of out-of-specifications, and deficiency in handling of complaints, among others. READ MORE 
 

12:38 PM

NEWS ALERT | YES Bank restructure plan approved by Cabinet: CNBC TV18

-- LIC to buy 135 cr shares in YES Bank at Rs 10/share

12:36 PM

Vodafone Idea rebounds 53% from day's low on hopes of relief package

Furthermore, according to a Business Standard report, the Department of Telecommunications (DoT) said on Thursday it would reassess the documents submitted by Bharti Airtel, Vodafone Idea, and Tata Teleservices, as part of the companies’ self-assessment of AGR dues. READ MORE

12:29 PM

NEWS ALERT | CRISIL assigns GVC level-1 rating, indicating highest corp governemtn, to Bharti Airtel: CNBC TV18

12:21 PM

Contribution to S&P BSE Sensex's intra-day recovery

12:11 PM

Nifty above 9,700

12:10 PM

MARKET UPDATE:: Sensex extends gains, up 300 pts

12:06 PM

Finance Minister Nirmala Sitharaman to brief media on Cabinet decisions at 3:30 PM: CNBC TV18

12:06 PM

Good time to start SIP in this market mayhem

The way markets crashed on Friday, with the Nifty hitting the 10 per cent lower circuit is a global market -led panic. The rout was triggered by the sell-off in the global markets, initiated by a 10 per cent crash in Dow Jones Industrial Average, followed by the Korean markets freezing in the lower circuit. The entire panic has been initiated by fears that the system to curtail the Coronavirus (COVID-19), across the globe, is misplaced. READ MORE

12:03 PM

SBI jumps 6%

12:01 PM

MARKET UPDATE:: Sensex turns green again

11:57 AM

MARKET COMMENT :: Chris Wood of Jefferies

GREED & fear still hopes that a full-scale recession can be avoided because the coronavirus turns out to be seasonal. But, in the interim, a lot of damage can be done in markets, and to economic activity, on a three-month view if the virus follows the same trajectory of infections as has been seen elsewhere when policymakers react too late. On this point, the policy response in Washington is also not being helped by the continuing contentious political divide in Congress in a presidential election year.

(Source: Wood's weekly newsletter to investors, GREED & fear)

Chris Wood