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Monday, March 30, 2020

Airline shares tumble as global travel restrictions hit investor sentiment

March 12, 2020 12:43:24 pm

Shares of IndiGo, SpiceJet and the defunct Jet Airways were deep in the red in the morning trade, with SpiceJet slumping over 18 per cent.

Market mayhem wipes off over Rs 8 lakh crore investor wealth

March 12, 2020 11:20:35 am

The carnage on Dalal Street eroded investor wealth worth Rs 8,56,689.62 crore, taking the total m-cap to Rs 1,28,56,869.10 crore on the BSE at 1030 hours.

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Coronavirus infects D-Street as Sensex crashes 2,919 points in biggest single-day fall

March 12, 2020 8:28:20 pm

The S&P BSE Sensex fell 2,919.26 points (8.18 per cent), its biggest one-day fall in absolute terms, to settle at 32,778.14. During the intraday trade, the 30-share benchmark slipped as much as 3,204.30 points (8.98 per cent) to 32,493.10. From hitting a high of 42,273 on January 20, the Sensex is now down by over 23 per cent, in the bear phase.

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SBI Cards IPO: Here’s how to check if you’ve been allotted shares

March 11, 2020 7:47:20 pm

The IPO of SBI Cards saw a whopping 26.54 times subscription over the 10,02,79,411 offered shares during the offer period. Here's how you can check if you have been allotted shares.

Reliance Industries shares rebound over 3 per cent

March 11, 2020 4:57:38 pm

The Reliance Industries (RIL) stock closed 3.60 per cent up at Rs 1,153.25 on the BSE. In early trading hours, the stock gained as much as 5.8 per cent to Rs 1,178.40.

Yes Bank shares rally in second consecutive session, up over 35 per cent

March 11, 2020 4:52:16 pm

The Yes Bank scrip spiked up to 38.5 per cent to Rs 29.45 on the BSE. It settled 35.53 per cent higher at Rs 28.80.

Indices halt two-day losing streak; Sensex climbs 62 points, Nifty settles at 10,458

March 11, 2020 4:19:09 pm

Among the stocks on Sensex, the shares of oil-to-telecom behemoth Reliance Industries (RIL) climbed 3.60 per cent to end at Rs 1,153.25 apiece on the BSE. This apart, the ICICI Bank stock settled 1.80 per cent higher at Rs 465.40. HDFC Bank too rose 1.11 per cent to end at Rs 1112.75.

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Markets infected: Bloodbath on global markets as oil plunges, virus impact spreads

March 10, 2020 5:17:16 am

The rupee also dropped below the 74-level against the US dollar to settle at 74.17, down 30 paise, amid rising concerns over the sell-off in stock markets, capital outflows and economic slowdown.

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Silver lining: Sharpest oil slump since 1991 may help ease pressure on deficit

March 10, 2020 7:31:03 am

In the biggest slump since the 1991 Gulf War, crude oil prices fell as much as 33 per cent between Friday and Monday and hit a level of $33 per barrel — as Saudi Arabia and Russia signalled they would hike output despite sliding demand globally.

Rupee below 74 level, bond yields down on global crash, COVID-19-led slowdown fears

March 10, 2020 1:27:36 am

According to a Care Ratings report, the fear of a global slowdown that can deteriorate to a recession is palpable based on the reaction of markets.

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Sebi allows non-bank custodians to manage gold, related instruments

March 9, 2020 6:13:41 pm

Currently, only the banks that are registered as custodians with Securities and Exchange Board of India (Sebi) are permitted to manage gold exchange-traded funds (ETFs) and other gold-related products.

Yes Bank case: Anmi urges RBI to consider exempting capital market transactions

March 9, 2020 5:47:07 pm

In a letter written to the central bank on Friday, the Association of National Exchanges Members of India (Anmi) has requested the RBI to consider exempting outstanding capital market transactions wherein a Yes Bank account is involved. The move is aimed at saving investors from defaulting on existing payment obligations.

Saudi Aramco shares open 10% lower as the oil price crumbles

Saudi Aramco shares open 10% lower as oil price crumbles

March 9, 2020 2:00:04 pm

Aramco was trading at 27 riyals ($7.20), 15.6% below its initial public offering (IPO) price of 32 riyals, which in December valued the company at $1.7 trillion in the world's biggest share offering.

Crude oil related stocks in focus: RIL slips 8%, ONGC market cap dips below Rs 1 lakh crore

March 9, 2020 11:38:01 am

The shares of oil marketing companies were trading on a positive note during the morning trade with Hindustan Petroleum (HPCL) surging as much as 12.82 per cent to Rs 226.60, while Bharat Petroleum (BPCL) climbed 12.72 per cent to Rs 454.10 and Indian Oil (IOC) rose 4.41 per cent to Rs 105.25.

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World stocks toppled by coronavirus shock, oil price crash

March 9, 2020 10:33:13 am

Investors drove 30-year US bond yields beneath 1% on bets the Federal Reserve would be forced to cut interest rates by at least 75 basis points at its March 18 meeting, despite only just having delivered an emergency easing.

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Sensex registers biggest one-day fall in 4.5 years, plunges 1,942 points on coronavirus fears, oil price crash

March 9, 2020 5:46:36 pm

Share Market LIVE, Stock Market Today LIVE Updates: All the sectoral indices on NSE ended in a sea of red on Monday. The Nifty Metal index was the top laggard of the day, slipping 7.72 per cent dragged by Welspun Corp, Vedanta and NMDC. This apart, the Nifty PSU Bank index too slipped 6.07 per cent weighed by Bank of India, Union Bank of India and Canara Bank.

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Sensex swings 1,459 points intra-day, Yes Bank crashes 56%

March 7, 2020 3:43:06 am

Yes Bank shares came under selling pressure, sinking 56 per cent to Rs 16.20 after the bank was placed under a 30-day moratorium by the RBI.

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Investors get poorer by Rs 3.28 lakh cr in market sell-off

March 6, 2020 7:46:30 pm

Capital-starved Yes Bank was on Thursday placed under "moratorium", with the Reserve Bank of India (RBI) capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board.

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Sensex crashes 894 points, Nifty ends below 11,000-mark; Yes Bank crashes 56%

March 6, 2020 4:29:55 pm

The S&P BSE Sensex fell 893.99 points (2.32 per cent) to settle at 37,576.62, while the broader Nifty 50 slipped 279.55 points (2.48 per cent) to end at 10,989.45. During the intraday trade, the 30-share BSE benchmark cracked as much as 1,459.52 points (3.79 per cent) to 37,011.09, while the Nifty crashed 441.60 points (3.92 per cent) to 10,827.40.

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SBI Cards IPO concludes, subscribed 26.54 times on the final day of bidding

March 5, 2020 7:14:54 pm

The IPO of the credit card arm of India's largest public-sector lender State Bank of India (SBI) received bids of over 266 crore shares against the total issue size of 10 crore shares, data available with the stock exchanges showed.