MARKET WRAP: Sensex gains 223 pts as banks rally; Nifty settles at 8,993

All that happened in the markets today

12:45 PM

SECTOR WATCH:: Agri-related stocks trade largely higher

COMPANY	LATEST(rs)	CHG(%)
UPL	363.00	3.58
MEGHMANI ORGAN.	47.50	1.60
RALLIS INDIA	214.00	3.31
DHANUKA AGRITECH	459.00	-0.53
P I INDS.	1440.85	1.72

12:37 PM

MARKET UPDATE:: Nifty reclaims 9,000

12:23 PM

Larsen & Toubro gains for seventh straight day; stock up 19% in 2 weeks

Shares of Larsen & Toubro (L&T) continued their northward march for the seventh straight day, up 4.5 per cent at Rs 920 on the BSE on Thursday after the company said its heavy engineering arm has won ‘significant’ contracts in the January-March quarter (Q4FY20). Thus far in the month of April, the construction & engineering company has won more than Rs 10,000 crore contracts, of which three ‘large’ and one ‘significant’ and ‘major’ contracts in India and abroad, as per the company's announcement. READ MORE

12:16 PM

BUZZING STOCK:: Indiabulls Housing Finance surges 10%

12:06 PM

NEWS ALERT | Japan PM Shinzo Abe declares nationwide state of emergency: Bloomberg

11:58 AM

Private Banks' Q4 nos may not reflect full extent of Covid-19 hit: Analysts

As the quantum of the impact of coronavirus (Covid-19) remains hazy, analysts expect banks, especially the larger ones, to report stable March quarter (Q4FY20) earnings. This, they say, would be possible due to the Reserve Bank of India’s three-month moratorium on loan repayment, and due to the lockdown being imposed in the second half of March. READ MORE

11:42 AM

NEWS ALERT | SBI to support NBFCs with lower rating via new loans: CNBC TV18 quoting sources

11:31 AM

MARKET UPDATE:: Sensex at day's high, up 200 points

11:24 AM

Coronavirus to bring Asia's 2020 growth to halt for 1st time in 60 yrs: IMF

Asia's economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an "unprecedented" toll on the region's service sector and major export destinations, the International Monetary Fund said on Thursday. Policymakers must offer targeted support to households and firms hardest-hit by travel bans, social distancing policies and other measures aimed at containing the pandemic, said Changyong Rhee, director of the IMF's Asia and Pacific Department. READ MORE

11:13 AM

NEWS ALERT | Economic relief will continue in tranches vs one big bang policy announcement: Govt sources to CNBC TV18

11:09 AM

NEWS ALERT :: Bajaj Auto to extend suspension of manufacturing plants till Apr 20: sources to CNBC TV18

>> All cos in touch with centre & state govts with a request of allowing dealerships to resume ops in some areas

11:06 AM

Rupee tanks 36 paise to all-time low of 76.80 against USD in early trade

Rupee tanked 36 paise to an all-time low of 76.80 against the US dollar in opening trade on Thursday, tracking weak domestic equities and a sharp rise in coronavirus cases in the country. Forex traders said that the weakness in rupee was largely due to strengthening of the US Dollar against the basket of currencies as investors fled to safe haven Greenback amid weakening risk appetite in the markets. READ MORE

10:57 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	4.43	4.48
SUZLON ENERGY	2.92	4.66
RELIANCE POWER	1.71	4.91
NCC	26.30	3.54
TATA MOTORS	73.75	1.24

10:49 AM

What is the Death Cross pattern and how to make use of it while trading?

The "Death Cross" pattern is one of the most effective technical instruments in identifying a major trend reversal in any stock/index. Simply put, it explains how the negative convergence of moving averages impacts the upward trend and pushes prices into a bearish phase. Technically speaking, the Death Cross is the negative crossover of short-term moving average to a long-term moving average. READ MORE

10:41 AM

NEWS ALERT :: L&T-arm wins contracts in the range of Rs 1,000-2,500 cr: BSE filing