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

All that happened in markets today

11:10 AM

Coronavirus, not developments at YES Bank, will determine market direction

In the case of YES Bank, the authorities have done the right thing – of course, out of compulsion – allowing the State Bank of India (SBI) to recue it by taking 49 per cent equity stake. The move would lend some confidence in the banking system and also help in avoiding cascading effect of YES Bank’s depositors (who hold over Rs 2 lakh crore in this bank) defaulting on their own commitments.  READ MORE

11:01 AM

STOCK ALERT :: 0.44% equity exchanged on NSE

>> 2.12 lakh shares worth Rs 33 cr trade on NSE at Rs 1,556/sh

10:56 AM

GOLD OUTLOOK | Quote by Hareesh V, Head of Commodity, Geojit Financial Services

Gold’s safe haven demand will continue as investors sought shelter in safe assets due to the negative impact of the global outbreak of deadly coronavirus. A rout in stock markets and a sharp correction in US dollar will offer further support to the yellow metal.

 

Technical Outlook: As long as prices stay above $1,660 expect the on going buying sentiments to continue towards $1,705 followed by $1,742 levels. However, a direct drop below $1620 would negate the view and take prices lower.

10:55 AM

BPCL extends gain, posts biggest one-day gain (13%) since 2009

10:49 AM

Market check | Indices at 52-week low

10:39 AM

ONGC's m-cap slips below Rs 1 trn-mark after 15 years on oil price crash

ONGC has seen its steepest price correction with the stock price plunging 37 per cent in the last two months as against a 13 per cent fall in the S&P BSE Sensex. A combination of exchange traded fund (ETF) sale overhang, lower gas prices, and lower Brent prices drove the decline. READ MORE

10:31 AM

HPCL, BPCL surge up to 13%, RIL slumps 8% as Brent Crude hits 20-yr low

Oil marketing companies, and paint stocks including Hindustan petroleum, and Berger Paints were trading higher in an otherwise weak market after oil prices crashed to a 20-year low of around $33 per barrel-mark. Brent Crude Futures tanked on Monday after top exporter Saudi Arabia launched a price war in response to a failure by leading producers to strike a deal to support energy markets. READ MORE

10:18 AM

Contribution to S&P BSE Sensex's fall today

10:03 AM

Axis Bank, BoB, HDFC Bank, ICICI Bank: Banking stocks that look oversold

A continuous correction with negative closes, rise in volumes and Relative Strength Index (RSI) help in identifying stocks that are in oversold territory. Although such stocks may not always show reversals but short-term rebound cannot be ruled out. READ MORE   

10:02 AM

YES Bank stock gains 40% in early trade as SBI to pick 49% stake in bank

Shares of YES Bank gained 40 per cent to Rs 22.60 in the early morning deal on the National Stock Exchange (NSE) on Monday 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) on Friday. READ MORE

9:53 AM

Nifty Bank index falls over 1,100 pts

9:52 AM

NEWS ALERT | Nifty slips to lowest level since December 2018

-- Sensex trades at lowest level since September 2019

9:47 AM

MARKET UPDATE:: Nifty falls below 10,600; India VIX up 10%

9:42 AM

Nifty Metal index top sectoral loser, trades over 5% lower

9:39 AM

ONGC falls over 10%