MARKETS: Sensex pares gains, ends just 62 pts higher; YES Bank surges 36%

All that happened in markets today

1:53 PM

MARKET UPDATE:: Sensex climbs off high

1:49 PM

BSE500 stocks that hit 52-week low today

COMPANY	PRICE(rs)	52 WK LOW	CHG(%)
ACC	1226.40	1216.10	-1.56
ADANI PORTS	322.90	316.30	0.37
APOLLO TYRES	116.65	116.35	-7.97
ARVIND FASHIONS.	307.55	297.00	-0.92
ASHOKA BUILDCON	77.55	76.45	-2.76

1:38 PM

European markets open

>> FTSE opens 1.35% higher

>> DAX gains 1.66% in opening deals

>> CAC rises 2% at open

1:28 PM

Broader markets underperform benchmarks

1:14 PM

Crude check

>> At 1:13 pm, Brent Crude Future was at $36.63/bbl, down 1.6%

>> US WTI was at $33.74 per barrel-mark, down 1.8%

1:01 PM

Oil price drop, valuation comfort: Time to buy in this market correction

The sharp correction in the markets over the past few sessions on account of global cues and developments back home have put the overall market valuation in an attractive zone and investors with a long-term view on equities can use this opportunity to buy, say brokerages. On a year-to-date basis, the benchmark Nifty is down around 14 per cent. Last time, it had dropped more during the period under consideration was in 2011, when the European debt crisis had dampened global investor sentiment. READ MORE

12:48 PM

MARKET UPDATE:: Nifty reclaims 10,500

12:47 PM

MARKET CHECK:: Sensex extends gains

12:42 PM

YES Bank gains over 30% for second straight day, up 424% from Friday's low

Shares of YES Bank rallied over 30 per cent for the second straight day and surged 39 per cent to Rs 29.60 on the National Stock Exchange (NSE) on Wednesday. YES Bank's stock price has surged a mammoth 424 per cent from Friday’s low of Rs 5.65, after the government-owned State Bank of India (SBI) said it will pick a 49 per cent stake in the troubled private lender as part of a revival scheme framed by the Reserve Bank of India (RBI). READ MORE

12:36 PM

NEWS ALERT | Bank of England cuts interest rate by 50 bps to 0.25%: CNBC TV18

12:28 PM

ONGC, GAIL extend fall as oil price crash cast shadow on earnings prospects

The virtual break-up of the Organization of the Petroleum Exporting Countries (OPEC)-Russia alliance amid the Covid-19 disruption led to oil prices crashing to the $ 30s.

 

Lower oil prices would likely lead to a direct reduction in the earnings for ONGC, Oil India and GAIL, while gas economics also become unfavorable. The upstream, furthermore, will see material earnings decline and GAIL’s US LNG margins and LPG realization may also suffer, analysts believe. READ MORE

12:14 PM

Eye on equity-linked debentures as volatility spikes in Indian markets

Instruments whose pay-outs depend on equity market levels are likely to be closely watched amid the carnage in global and local markets. The Indian market saw its steepest fall in five years even as fears of coronavirus spreading continued amid a crash in crude oil prices. A price war roiled global oil markets as Saudi Arabia and Russia sparred over oil production. Saudi Arabia steeply cut oil prices and crude prices fell around 30 per cent. READ MORE

12:02 PM

Private banks gain

COMPANY NAME	LATEST	HIGH	CHG(%)
YES BANK	27.70	28.75	30.35
HDFC BANK	1108.00	1113.55	0.68
RBL BANK	230.05	238.95	10.71
ICICI BANK	467.00	470.90	2.15
IDFC FIRST BANK	34.20	34.50	3.32

11:55 AM

BUZZING STOCK:: Hero MotoCorp rises over 4%

11:48 AM

FEBRUARY MUTUAL FUND DATA | Net equity inflow up 42% (MoM) at Rs 10,730 cr

-- Balanced fund outflow at Rs 1,182 cr vs Rs 1,260 cr outflow 

-- Liquid fund outflow at Rs 43,825 cr vs Rs 59,682 cr inflow

-- ETF inflow at Rs 16,344 cr vs Rs 1,873 cr inflow

-- Credit risk outflow at Rs 637 cr vs Rs 1,215 cr outflow

-- Total AUM at Rs 27.23 trillion vs Rs 27.85 trillion

-- SIP inflow at Rs 8,513 cr vs Rs 8,532 cr