Indices see biggest 1-day fall ever in absolute terms, Sensex dips 1942 pts

All that happened in markets today

12:22 PM

We expect markets to remain polarised: Centrum Broking's Nischal Maheshwari

The outbreak of coronavirus opens up an unanticipated and unmeasured downside risk, feels NISCHAL MAHESHWARI, chief executive officer for institutional equities & advisory at Centrum Broking. In the short to medium term, a defensive portfolio strategy is recommended, he tells Puneet Wadhwa. READ FULL INTERVIEW HERE

12:14 PM

With markets on a downtrend, it is time to take some contrarian bets

Looking at the recent developments, it is time to take some contrarian bets and increase allocation to equities according to your asset allocation plan. Markets around the world have sold-off sharply as anxiety about the worldwide spread of coronavirus (COVID-19) lingered and concerns grew about the ability of governments to control the impact of the disease on their economies. READ MORE

12:06 PM

NEWS ALERT | West Coast Paper Mills announces interim dividend of Rs 5/sh

12:05 PM

Markets plunge on Covid-19 fears; Rs 5 trn investor wealth wiped off

Market capitalisation (m-cap) of BSE-listed companies saw a massive decline after the 30-share index plunged 1515.01 points, or 4.03 per cent, to 36,061.61. The NSE Nifty too cracked 417.05 points, or 3.80 per cent, to 10,572.40.

 

The carnage in the equity market wiped out investor wealth worth Rs 4,79,820.87 crore, taking the total m-cap to Rs 1,39,39,640.96 crore on the BSE. READ MORE

12:04 PM

Perceived economic fallout from Covid-19 and crash in oil prices led to market volatility: SEBI

11:56 AM

NEWS ALERT | AIA Engg announces interim dividend of Rs 27/sh

11:54 AM

STOCK ALERT :: Reliance Ind slips up to 10%, biggest one-day fall in 11 years

11:49 AM

MARKET ALERT | India VIX jumps to 10-month high

11:45 AM

Coronavirus Update

11:42 AM

125 stocks from BSE500 index hit 52-week lows; 14 stocks touch new lows

One out of every four stocks from the S&P BSE500 index hit its 52-week low on the BSE on Monday as investor sentiment remained subdued amid the rapid spread of novel coronavirus across the world. Meanwhile, oil prices plummeted over 20 per cent as the Organization of Petroleum Exporting Countries (OPEC) talks broke down with Saudi Arabia raising output. READ MORE

11:38 AM

NEWS ALERT | SBI gives Chalasani Venkat Nageswar additional charge of CFO: BSE filing

>> Has also been given additional charge of Deputy Managing Director 

>>Nageswar is Deputy Managing Director, lnternational Banking Group

11:36 AM

NEWS ALERT | Amara Raj Batteries announces interim dividend of Rs 5 / share

11:25 AM

NEWS ALERT | Will release our quarterly results on March 14: YES Bank administrator to CNBC-TV18

11:21 AM

Crude oil plunges 30% to $30 a barrel; $20 a remote possibility: Analysts

Brent crude oil prices hit $31 a barrel, down nearly 30 per cent in trade on Monday and extended their 10 per cent weekend drop as the world’s biggest crude oil producers failed to agree on production cuts, kicking off a price war and sending oil into freefall. Saudi Arabia that slashed prices for April delivery by $4-6 a barrel to Asia and $7 to the United States has far more fire-power than Russia in terms of readily available spare oil production capacity, analysts say, and the action is indeed the start of a price war among all producers, which in other words, is nothing but a race to the bottom. READ MORE

11:13 AM

MARKET OUTLOOK | Rusmik Oza, Sr. VP (Head of Fundamental Research-PCG) at Kotak Securities

"The sharp fall in crude prices provides buffer to Indian economy. A USD 5/bbl decline in oil prices saves India USD 7-8 bn. We do not see any meaningful impact of Yes Bank on India’s financial system. If anything, the larger banks and NBFCs will emerge stronger. The Bond yield and earnings yield have converged. This means both bond PE and equity Fw PE have come closer to each other. Considering the bond yields and historic average valuations of our equity markets we expect the Nifty-50 Fw PE to bottom out ~16x. The Nifty-50 on Friday’s close was trading at 17x on one year Fw basis. At 16x Fw PE , Nifty-50 should find support at ~10,300 levels which also happens to be the 200 WMA. The downside looks minimal with very good risk-reward ratio from a long term perspective. Hence, it makes sense to Buy/Accumulate stocks on every decline.”