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

All that happened in the markets today

Markets continue to rally on RBI policy fillip; Sensex rises 164 points

11:55 AM

MARKET COMMENT :: Tata Mutual Fund

We did not take any exposure to share-backed structures in the past on account of debt of many of these groups being beyond our comfort range. We have reduced/cut exposure to mid to small sized private sector banks. Our thought process on AT1 bonds as an instrument has been very clear. We only have view on

the AT1 bonds of the top banks in India, namely SBI, HDFC Bank, ICICI Bank, Axis Bank and Bank of Baroda.

Our view on real estate financing NBFCs has been negative and we have cut positions wherever we were uncomfortable with the quality of the book. We have taken selective exposure in the telecom segment based on cash flow analysis and ability to raise capital either on its own or parent support.

11:53 AM

MARKET VOICE | Sebi should ban short-selling to avoid market crisis

The regulator has already lost a lot of time, and further delay will only lead to a market crisis. I would, humbly, request the Securities and Exchange Board of India (Sebi) to ban short-selling just the way China did. We need to learn from China, the way it handled the crisis. The Chinese regulators banned short-selling even before the markets resumed trading post the Lunar New Year holiday. READ MORE

G Chokkalingam, founder and MD at Equinomics Research

11:53 AM

MARKET COMMENT :: Jan Lambregts, MD and global head of financial markets research, Rabobank International

In the US the Fed has already cut rates 50bp inter-meeting. Markets are screaming for more, and our Fed watcher Philip Marey now sees a 100bp cut coming at next week’s meeting, or even earlier, to take us back to the zero bound a quarter earlier than his last projection. Not enough to calm markets, apparently. The Fed had to step in with the staggering pledge of USD1.5 trillion in emergency repo operations and more QE in order to try to stem some of the damage

11:52 AM

NEWS ALERT | Current developments in markets are related to global factors: Chief Eco Adviser

-- Fall in Indian stock market is below global average: CEA

-- February CPI inflation print much lower than consensus estimate: CEA

-- India has adequare foreign reserve: CEA

11:50 AM

MARKET COMMENT :: Vinay Pandit, Head Institutional Equities, IndiaNivesh

Markets have seen a lower circuit for the first time after 2008. But equating this situation with 2008 is unfair. 2008 was a global financial meltdown whereas the 2020 corrections due to concerns on account of coronavirus are overdone. Good quality stocks frontline stocks have taken an undue beating and I am expecting a sharp bounce back.

The worst news, I believe, on which markets have reacted so negatively i.e. “WHO declaring it a pandemic” has already come in. Cannot get worse except for number of deaths rising and the world coming to a virtual standstill. I am looking forward to just one statement “we have found the cure” – which will send markets into new zones, giving very little opportunity to buy into quality names at stress valuations

11:40 AM

BUZZING STOCK:; Vodafone Idea surges 31%

11:38 AM

NEWS ALERT | Govt extends deadline for submission of preliminary bids of Air India to Apr 30 from Mar 17 earlier

11:35 AM

Bharti Airtel up 3%, hits high of Rs 511.40

11:28 AM

Nifty sectoral indices at this hour

11:22 AM

MARKET VOICE | Market fall nothing but fear psychosis at play: Dharmesh Kant

In my view, this kind of fall is more technical in nature rather than any sense of fundamentals playing out. Traders are shorting the market, and know that there is no mechanism in place to stop them from doing this. Traders are just building short positions. This is a game which high frequency traders play. None of the countries have stepped in yet to stop this kind of crisis / shot sale. But this needs to be done! READ MORE

11:20 AM

MARKET VOICE | It is time to be active if one is a trader: Andrew Holland

Volatility will remain until markets believe that the peak of coronavirus (Covid-19) cases has been reached and that may be some time away. Globally, governments and central banks need to step in and bring stability and confidence back both for companies and investors. READ MORE

11:17 AM

MARKET VOICE | Markets are paying the price for not banning short sale; crash due to panic

I don’t think the markets have over-reacted with the Nifty50 hitting lower circuit today. On the contrary, I think we have not reacted much to the developments. The worst part, according to me, is that when the global markets are melting, our government and regulators were not at all prepared for such a situation. READ MORE