SVB impact: Sensex slumps 897 pts, Nifty ends near 17,150; PSBs worst hit

CLOSING BELL: The Sensex and Nifty hit fresh calendar year lows in trades on Monday amid the broad-based sell-off. Reliance Industries registered 52-week low

3:39 PM

ALERT :: India VIX ends 21% higher at 16 level

3:37 PM

ALERT :: Nifty Bank index ends below 40,000-mark

3:36 PM

Broader market check :: Mid, SmallCap indices fall up to 2%

3:35 PM

Sector Close :: Across-the-board selling keeps bulls away; PSB, Media index drop the most

3:34 PM

Sensex Heatmap :: 29 of 30 index constituents slide; Tech M jumps over 6%

3:33 PM

CLOSING BELL :: Nifty tad higher than 17,150

3:32 PM

CLOSING BELL :: Sensex crashes 897 points as SVB jitters enter second day

3:18 PM

4 Adani group stocks locked in 5% upper circuits in weak market

Adani Group said it has completed full prepayment of margin linked share backed financing aggregating to $2.15 billion, well before committed timeline of 31 March 2023. READ MORE

3:11 PM

ALERT :: Potential loss to creditors of Future Retail to be Rs 14,809.44 crore

3:08 PM

Stock Alert:: Reliance Industries hits 52-week low, down 1.8%

3:03 PM

BSE 500:: IndusInd Bank, Mahindra CIE, Kalyan Jewellers among top losers

IndusInd Bank down 7.5 per cent was the top loser among the BSE 500 stocks. Mahindra CIE, Kalyan Jewellers, Lloyds Metals and Tejas Networks down 6 - 7 per cent each were the other major losers so far on Monday.

2:50 PM

Fitch Affirms 'BBB-' ratings for Adani Electricity Mumbai's dollar bond

The affirmation reflects the view that the Hindenburg report alleging governance issues at the Adani group has a limited near-term impact on AEML's cost of funding and access thereof, at the current rating level. READ MORE

2:38 PM

SVB: Indian banks stand out amid 'global gloom and doom', says Macquarie

"Despite concerns of a slowdown in loan growth and margin compression, the earnings upgrade cycle continues for the banking sector," the analyst wrote. READ MORE

Photo: Reuters

2:27 PM

News Alert:: GMDC emerges as highest bidder for two coal mines;

Gujarat Mineral Development Corporation (GMDC) informed BSE that it had emerged as the highest bidder for Two Coal Mines in Odisha in the recently concluded commercial coal block auction by the Ministry of Coal, Government of India.

 

The company won the bids for Odisha’s Burapahar Block in Sundargarh District, having a Geological Reserve of 548 million Tonnes and the Baitarani (West) Block in Angul District a geological reserve of 1152 million Tonne.

 

2:16 PM

YES Bank tanks 13% intra-day as 3-year shareholder lock-in period ends

Analysts at ICICI Securities believe near term risk include decision to write-down AT-1 bonds being challenged in court, which is currently stayed and supply overhang post expiry of stock lock-in. READ MORE