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Wednesday, December 25, 2024 | 06:30 AM ISTEN Hindi

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Investors lose Rs 3.6 trillion as Sensex falls 883 pts on Covid-19 woes

The Nifty Pharma index was the only index that ended in thee green, up 0.17 per cent

Image SI Reporter New Delhi
Investors lose Rs 3.6 trillion as Sensex falls 883 pts on Covid-19 woes

11:33 AM

Nureca hits 10% upper circuit for second straight day; zooms 83% in 3 weeks

Shares of Nureca were locked in 10 per cent upper circuit for the second straight day, at Rs 1,105.35 on the BSE on Monday in an otherwise weak market. The stock was trading at its highest level since listing on February 25. Nureca is a B2C company engaged in the business of home healthcare and wellness products. Nureca enables its customers with tools to help them monitor chronic ailments and other diseases, to improve their lifestyle. READ MORE

health, digital, data, medical, healthcare

11:23 AM

HDFC Bank: Credit card biz, Covid-19 second wave pose near-term threat

Market participants were quick to offload shares of private lender HDFC Bank on Monday as near-term concerns on the bank’s growth prospects weighed on investors’ minds. Shares of the Mumbai-based bank skidded 4 per cent in the intra-day trade to hit a low of Rs 1,373 apiece on the BSE. HDFC Bank’s bottom line for the March quarter missed Street estimates as the lender set aside higher than expected provisions. READ MORE

HDFC Bank

11:13 AM

Normal monsoon to boost stocks of agri-related companies, cool inflation

A normal monsoon in 2021 for the third consecutive year, as predicted by the Indian Meteorological Department (IMD) and private weather forecaster Skymet, is likely to boost fortunes of agri-related companies such as pesticides and fertilisers, irrigation, farm equipment etc., say analysts. They, however, caution that the impact will also depend on government policies at a time when the country is facing a second wave of Covid infections and inflation concerns given the steady rise in prices of key commodities. That apart, the temporal and spatial distribution of the monsoon, experts say, rains will remain crucial. READ MORE
rains, winter, cold, wave, monsoon

11:08 AM

Financials under pressure; ICICI Bank, RBL Bank, IndusInd slip up to 7%

Financial stocks were under pressure at the bourses, falling up to 7 per cent, in intra-day trade on the National Stock Exchange (NSE) on Monday on concerns over near-term growth momentum and asset quality improvement due to the pandemic-induced local lockdowns on continuously rising Covid-19 cases. READ MORE
10:59 AM

NEWS ALERT | PM Modi to chair a meeting on Covid-19 situation at 11:30 AM today

10:57 AM

Covid-19: India logs 2,73,810 coronavirus cases in single day, 1,619 deaths

India's total tally of COVID-19 cases crossed 1.50 crorewith a record single-day rise of2,73,810new coronavirus infections,while the active cases surpassed the 19-lakh mark,according to the Union Health Ministry data updated on Monday. The total tally of COVID-19 cases mounted to 1,50,61,919 and the death toll increased to 1,78,769with a record 1,619 daily new fatalities,the data updated at 8 am showed. READ MORE
Patients suffering from the coronavirus disease get treatment at the casualty ward in Lok Nayak Jai Prakash (LNJP) hospital, amidst the spread of the disease in New Delhi (Photo: Reuters)

10:44 AM

Manic Monday! Here's what led to a stock market crash today

The domestic benchmark indices nosedived in Monday's session following a strong second wave of Covid-19 in the country, leaving the market bulls battered. An across-the-board selling resulted in a 1,469 point crash in the BSE barometer Sensex, with financials and banking counters the worst hit. The index was last quoting at around 47,600 levels. Barring shares of Dr Reddy's Labs, all constituents of the 30-pack index traded in the red. READ MORE


10:33 AM

Bank FDs in spotlight as returns of liquid funds hit two-decade low

Returns on liquid funds have slumped over the past few months, with 1-year returns now at 3.4 per cent — among the lowest in the past two decades — and below the short-term interest rates offered by several banks on fixed deposits.
 
This will especially hurt institutional investors, who contribute an estimated 80 per cent to assets of such funds. READ MORE

10:21 AM

Macrotech Developers makes weak market debut, lists at 10% discount

Shares of Macrotech Developers (MDL) made a weak debut on the bourses, on Monday, with stock listing at Rs 439, a 10 per cent discount from its issue price of Rs 486 per share. The stock listed at Rs 436 on the National Stock Exchange (NSE). Post listing, the stock hit a high of Rs 463.70 and a low of Rs 421 on the BSE. At 10:04 am, MDL was trading at Rs 450.80, up 3 per cent from its opening level and 7 per cent down against issue price on the BSE. A combined 1.4 million equity shares have changed hands on the counter on the NSE and BSE, so far. READ MORE
 
10:06 AM

Rupee opening

Rupee opens weaker at 74.77 per US dollar vs Friday's close of 74.35/$
9:59 AM

Linde surges 10%, hits new high in a weak market; zooms 124% in 3 months

Shares of Line India, a supplier of medical oxygen to hospitals and industrial gases to corporations, surged 10 per cent to hit a new high of Rs 2,078.60 in intra-day trade on the BSE on Monday in an otherwise weak market on expectation of higher product demand, due to the rising coronavirus cases. The stock was trading higher for the fourth straight day, rallying 19 per cent during the period. READ MORE

9:51 AM

NEW LISTING :: Macrotech Developers likely to list at 10% discount

9:51 AM

MARKET UPDATE:: Nifty PSU Bank index extends losses

9:43 AM

Most active stocks by volume

Company PRICE(rs) CHG(%) VOLUME
Vodafone Idea 8.45 -4.30 5123065
Punjab Natl.Bank 32.85 -5.74 1792902
Suzlon Energy 4.50 -5.86 1407931
S A I L 88.15 -3.56 900923
IDFC First Bank 50.10 -6.53 803030
» More on Most Active Volume
9:37 AM

Volatility Alert

>> India VIX jumps 11% to trade at 22.6 level

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First Published: Apr 19 2021 | 7:59 AM IST