Sensex gyrates 744 pts, ends 361 pts down; Nifty below 17K; HUL, ITC shine

CLOSING BELL: For better part of the day, equity markets roiled in global rout as fears of a contagion banking sector failure soured sentiment

9:09 AM

Pre-Open Session :: Nifty below 17,100

9:08 AM

Pre-Open Session :: Sensex slips 200 pts

9:03 AM

Rupee Opening :: INR starts higher vs USD

8:57 AM

Markets on Monday :: Stocks that D-Street investors will keep on radar

Tata Consumer Products: The company ceased negotiations with Bisleri for a potential acquisition. It said no definitive agreement or binding commitment has been signed on this matter.

 

NTPC: The Cabinet Committee on Economic Affairs has allowed NTPC to invest beyond the prescribed (up to 30 per cent of its net worth) limit in NTPC Green Energy.

 

HDFC: The RBI imposed a monetary penalty of Rs 5 lakh on the company on account of certain regulatory violations. The company said it will take necessary steps to comply with the order. READ MORE

8:51 AM

WATCH :: What does Jim Rogers think of the global banking crisis?

8:48 AM

Credit Suisse's 9,000 job cuts are foretaste of UBS takeover amid crisis

UBS Chairman Colm Kelleher said it’s too soon to know a job-cut number, but UBS indicated it will be significant. The firm said in a statement Sunday it plans to cut the combined company’s annual cost base by more than $8 billion by 2027. That’s almost half of Credit Suisse’s expenses last year. READ MORE

8:45 AM

Credit Suisse's $17 bn of risky bonds are now worthless after UBS takeover

The bond wipe out is the biggest loss yet for Europe’s $275 billion AT1 market, far eclipsing the only other write-down to date of this type of security: a €1.35 billion ($1.44 billion) loss suffered by junior bondholders of Spanish lender Banco Popular SA back in 2017, when it was absorbed by Banco Santander SA for one euro to avoid a collapse. In that instance, the equity was also written off. READ MORE

8:41 AM

UBS-Credit Suisse deal :: What's in it for shareholders?

8:39 AM

Why did UBS agree to buy Credit Suisse? Here's what UBS told investors

8:36 AM

The one big winner and many losers of UBS's Credit Suisse rescue deal

The winner: Ralph Hamers

UBS’s chief executive officer will see the bank’s wealth and asset management invested assets soar to about $5 trillion and got a special waiver to keep Credit Suisse’s profitable Swiss unit that many analysts said was worth more than triple what UBS paid for the whole firm. READ MORE

8:32 AM

Markets this week :: US Fed, global banking crisis in focus

8:31 AM

Fund Flow :: DIIs buy equities worth Rs 1,817.14 crore on Friday

8:29 AM

Fund flow :: FIIs sell equities worth Rs 1,766.53 crore on Friday

8:27 AM

UBS agrees to buy Credit Suisse for more than $2 billion

The Swiss National Bank has agreed to offer a $100 billion liquidity line to UBS as part of the deal, according to the Financial Times, which reported the agreement first. Swiss authorities are poised to change the country’s laws to bypass a shareholder vote, the paper reported, citing people close to the matter. READ MORE

8:25 AM

SGX Nifty hints at wobbly open on Dalal Street