Market LIVE: Despite marginal pullback in intraday, Sensex ends 580 pts down, Nifty below 8,300; RIL top drag

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Updated:Mar 19, 2020 3:41:49 pm

Share Market News Today | Sensex, Nifty, Share Prices LIVE: S&P BSE Sensex settled 580 points or 2.01 per cent down at 28,288, while the Nifty50 index ended the trade below the crucial 8,300 level.

Share Market Today, Share Market LiveAs many as 21 stocks out of 30 Sensex stocks finished the trade in red.

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks Sensex and Nifty hit a fresh three-year low levels in the intraday trade on Thursday. Amid high volatility, indices swung back to green in the afternoon trade but soon slipped into negative territory. S&P BSE Sensex settled 580 points or 2.01 per cent down at 28,288, while the Nifty50 index ended the trade below the crucial 8,300 level. As many as 21 stocks out of 30 Sensex stocks finished the trade in red. Bajaj Finance was the top loser, down 10 per cent, followed by Axis Bank, M&M, Maruti and Tech Mahindra. On the contrary, ITC, top Sensex gainer, rose nearly 7 per cent to re-enter the list of top 10 most valued companies. Bharti Airtel, Infosys, HDFC Bank and Kotak Bank were among gainers on index.

Addressing the concern amid coronavirus pandemic, the Securities and Exchange Board of India (SEBI) has given relaxation to the companies. The regulator has extended a month for filing quarterly corporate governance report amid the virus scare. “Developments arising due to the spread of the virus warrant the need for temporary relaxations in compliance requirements for listed entities,” SEBI said in a statement. Accordingly, SEBI has decided to grant certain relaxations from compliance stipulations specified under the SEBI Regulations, 2015 to listed entities, it added.

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    15:40 (IST)19 Mar 2020
    Top gainers and losers on S&P BSE Sensex

    As many as 21 stocks out of 30 Sensex stocks finished the trade in red. Bajaj Finance was the top loser, down 10 per cent, followed by Axis Bank, M&M, Maruti and Tech Mahindra. On the contrary, ITC, top Sensex gainer, rose nearly 7 per cent to re-enter the list of top 10 most valued companies. Bharti Airtel, Infosys, HDFC Bank and Kotak Bank were among gainers on index.

    15:39 (IST)19 Mar 2020
    Sensex ends 580 pts down, Nifty settles below 8,300 level

    S&P BSE Sensex settled 580 points or 2.01 per cent down at 28,288, while the Nifty50 index ended the trade below the crucial 8,300 level.

    15:21 (IST)19 Mar 2020
    Indiabulls Housing Finance share price tanks 38%

    Indiabulls Housing Finance share price tanked 38 per cent to Rs 84.50 a piece on BSE in late afternoon trade on Thursday. The company’s stock hit a 52-week high of Rs 919 apiece on BSE on April 5, 2019.

    check live prices: Indiabulls Housing Finance

    15:10 (IST)19 Mar 2020
    Discount on Dalal Street: These 3 large-cap IT stocks could be a good bet as prices plummet

    Bears have taken over the equity markets this year as global sell-off continues to batter stocks. In the free-fall that domestic equity benchmarks are witnessing, S&P BSE Sensex has tanked 30 per cent since the start of this year to sit slightly above the 28,000 mark, while the broader NSE Nifty-50 has dropped down 3,952 points or 32 per cent now below the 9,000 level.

    Read full story

    15:09 (IST)19 Mar 2020
    Snapdeal, Urban Company say lockdown cities; VCs, startups have this suggestion to fight coronavirus

    As cases of coronavirus climb in the country, a group of entrepreneurs and Venture Capitalists has written to the Prime Minister Narendra Modi seeking lockdown of the impacted cities. Founders of 51 startups and some venture capitalists recently prepared a presentation and said that countries which have acted “early and strongly” have been able to control the virus to some extent, IANS reported.

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    14:57 (IST)19 Mar 2020
    Coronavirus relief to listed companies: SEBI gives one month extension in this key results requirement

    Addressing the concern amid coronavirus pandemic, the Securities and Exchange Board of India (SEBI) has given relaxation to the companies. The regulator has extended a month for filing quarterly corporate governance report amid the virus scare. “Developments arising due to the spread of the virus warrant the need for temporary relaxations in compliance requirements for listed entities,” SEBI said in a statement.

    Read full story

    14:23 (IST)19 Mar 2020
    Coronavirus relief to listed companies: SEBI gives one month extension in this key results requirement

    Addressing the concern amid coronavirus pandemic, the Securities and Exchange Board of India (SEBI) has given relaxation to the companies. The regulator has extended a month for filing quarterly corporate governance report amid the virus scare. “Developments arising due to the spread of the virus warrant the need for temporary relaxations in compliance requirements for listed entities,” SEBI said in a statement.

    Read full story

    14:11 (IST)19 Mar 2020
    Sensex reclaims 29,000-mark, Nifty trades above 8,500

    S&P BSE Sensex reclaiming 29,000-level, was trading at 29,124, up 254 points or 0.88 per cent while Nifty50 was ruling at 8,512.85, up 44.05 points or 0.52 per cent.

    Check live Sensex, Nifty levels 

    13:56 (IST)19 Mar 2020
    SEBI extends deadline for Q4 results

    Sebi gives 45-day extension to companies for filing Q4 results; 1 month more for filing FY20 results due to coronavirus pandemic, PTI reported.

    13:53 (IST)19 Mar 2020
    Sensex, Nifty trade lower in choppy trade

    The 30-share index Sensex was trading over 600 points or 2.28 per cent to trade at 28213, while the broader Nifty 50 index was ruling at 8,275, down 193 points or 2.28 per cent

    Check live Sensex, Nifty levels

    13:35 (IST)19 Mar 2020
    Kotak Mahindra Bank sells 8.5% stake in ECA

    Kotak Mahindra Bank informed the stock exchanges that it has sold 8.5% stake in  ECA Trading Services Limited. Kotak Mahindra Prime Limited too sold 11% of its holding in ECA.

    13:07 (IST)19 Mar 2020
    IRCTC hits lower circuit

    The big bang PSU stock that has brought healthy returns for investors since its listing last year, has today hit its lower circuit as investors book profit. IRCTC Share price fell 5 per cent on Thursday to trade at Rs 1,000 per share.

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    12:58 (IST)19 Mar 2020
    Shree Cement share price plunges 15% as it replaces Yes Bank in Nifty50 index in weak market

    Shree Cement share price dropped as much as 15 per cent to Rs 16,399.90 apiece in Thursday’s trade on its debut day in Nifty50 index. Shree Cement has replaced Yes Bank in the Nifty 50 index. 

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    12:17 (IST)19 Mar 2020
    Debit card shines in era of UPI; Mastercard tells why you should carry card to shop in Digital India

    Even as there are various digital options to pay for your shopping, debit and credit cards continue to be the most reliable mode of digital payment, accounting for half of the total volume of payments. “ If the recent surge in the adoption of POS machines amongst small retailers is any indication, card payments are only going to grow further in the coming time, Vikas Varma, Chief Operating Officer, South Asia, Mastercard, told Samrat Sharma of Financial Express Online, in an interview.

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    12:05 (IST)19 Mar 2020
    Shree Cement share price plunges 15% on debut in Nifty50 index

    Shree Cement share price dropped as much as 15 per cent to Rs 16,399.90 a piece on its debut day in Nifty50 index. Shree Cement has replaced Yes Bank in the index.

    Check live prices: Shree Cement

    11:55 (IST)19 Mar 2020
    Rupee hits 75-mark against US Dollar

    The Indian rupee hit the 75-mark against the US dollar to trade at record low level of 75.03 a dollar, down 79 paise or 1.07 per cent.

    11:49 (IST)19 Mar 2020
    Sensex, Nifty trim most of the morning losses

    S&P BSE Sensex was trading 613 points or 2.13 per cent lower at 28,242, while the broader Nifty 50 index was ruling at 8269, down 200 points or 2.35 per cent.

    Check live Sensex, Nifty levels

    11:43 (IST)19 Mar 2020
    Gold prices fall today, analysts suggest to stay away from yellow metal; silver rates edge higher

    Gold prices fell in Thursday’s trade while the silver prices gained as the rout in global equity markets continued in the wake of rising cases of coronavirus in India and across the world. Seeing this fall in the yellow metal, analysts suggest to stay away from the markets as it might fall further in coming days. On MCX, gold April futures were trading at Rs 39,240 per 10 grams, down 1.22 per cent or Rs 483, while the silver May futures were ruling a tad higher at Rs 34,062 per kg, up 0.46 per cent or Rs 155.

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    11:23 (IST)19 Mar 2020
    Nifty below 8000 is virtually indicating a very bad FY21: Vinay Panit, Head, Institutional Equities, IndiaNivesh

    Nifty below 8000 is virtually indicating a very bad FY21. While most investors and analysts were writing off Q4FY20, the current correction seems to be writing off FY21. Most sectors will have to take the brunt of the global slowdown and impact due to coronavirus. Crude correcting sharply to sub $25 is going to impact refiners and crude derivative user industries due to inventory losses for most players.

    11:10 (IST)19 Mar 2020
    Bank stocks catch the flu; IndusInd Bank share price tanks 50% in one week, HDFC Bank down 24%

     In less than a week of trading HDFC Bank has fallen 24 per cent; ICICI Bank has slumped 27 per cent; Axis Bank is down 25 per cent; and the biggest loser among the private sector banks IndusInd Bank has tanked 50 per cent.

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    10:53 (IST)19 Mar 2020
    Adani Transmission ltd. gains 9%

    Adani Transmission gained 9% to trade at Rs 209 per share on Thursday morning amid a bearish market.

    Check live prices

    10:46 (IST)19 Mar 2020
    Terrible Thursday: Investors lose over Rs 7 lakh crore today as Sensex slips below 27,000-mark

    As the Sensex and Nifty continued to be in tight grip of bears amid rising fears of coronavirus, investors’ wealth dropped by another 7.14 lakh crore in Thursday’s opening session. The 30-share index Sensex slipped below the crucial 27,000-mark for the first time in three years, to trade at 26,714 points, while the broader Nifty 50 index breached the crucial 8,000-mark, to rule at 7,832 points.

    Read full story

    10:41 (IST)19 Mar 2020
    Yes Bank share price drops 23% on reports of Madhu Kapur stake sale

    Yes Bank share price plunged 23 per cent to Rs 46.40 apiece on BSE in Wednesday's trade as reports suggest that the single largest promoter Madhu Kapur, widow of founder chairman Ashok Kapur, sold 25 crore bank shares in a block deal.

    Check live prices: Yes Bank 

    10:38 (IST)19 Mar 2020
    Ashok Leyland to buy 19% additional stake in HLFL for up to Rs 1,200 crore

    Commercial vehicle major Ashok Leyland (ALL) on Wednesday said that the board of directors of the company has given approval to acquire up to 19% additional equity shares in Hinduja Leyland Finance (HLFL), a subsidiary company, from the existing shareholders, in tranches, for a consideration not exceeding Rs 1,200 crore. This move forms part of ALL’s consolidation in the company.

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    10:21 (IST)19 Mar 2020
    Bajaj Finance tumbles 15%, top Sensex loser

    Bajaj Finace was the top Sensex loser, down 15 per cent, followed by Asian Paints, Maruti and M&M. On the flip side Power Grid, ITC and Infosys were the only gainers on the index.

    10:11 (IST)19 Mar 2020
    Bank stocks are taking a beating on the bourses

    Bank stocks like HDFC Bank, ICICI Bank, IndusInd Bank, and even India's largest public-sector lender SBI are taking a pounding on the bourses. IndusInd Bank is down 50 per cent since last week; ICICI Bank has slipped 27 per in the same time frame; HDFC Bank tanked 24 per cent and SBI has fallen 17 per cent. Only Yes Bank has reversed the trend gaining 100 per cent in the last 5 days.

    10:01 (IST)19 Mar 2020
    Investors lose Rs 7.14 lakh crore in Thurday's trade

    As the Sensex, Nifty continued to be in tight grip of bears amid rising fears of coronavirus, investors wealth dropped by another 7.14 lakh crore in Thursday’s sopening session.

    09:47 (IST)19 Mar 2020
    Sensex, Nifty hit another 3-year low levels on Thursday as COVID-19 fears escalate

    S&P BSE Sensex was trading 1732 points or 6 per cent lower at 27,137, while the broader Nifty 50 index was ruling at 7956, down 512 points or 6.05 per cent.

    Check live Sensex, Nifty levels

    09:45 (IST)19 Mar 2020
    Gold prices fall 3% as investors rush to hoard cash: Jigar Trivedi, Fundamental Research Analyst

    Yesterday Mcx gold for yet another session witnessed a selling pressure and not to mention, silver again, fell more than gold fell since base metals tanked. The yellow metal fell about 3% along with other precious metals, as investors sold across assets to hoard cash after additional stimulus measures by the United States failed to calm markets hit by mounting fears over the economic downside from the coronavirus. There seems no desire to find bottom and gold might fall further in panic selling. Hence we recommend to stay away from markets for few sessions, says Jigar Trivedi, Fundamental Research Analyst - Commodities, Anand Rathi Shares and Stock Brokers.

    09:41 (IST)19 Mar 2020
    Nifty Bank index down 8.25%

    Nifty Bank index plunged 8.25 per cent or 1,698 points, dragged by losses in IndusInd Bank, Kotak Mahindra Bank and Axis Bank.

    09:39 (IST)19 Mar 2020
    United Breweries share price plunged 11.39% as bars, restaurants shut

    United Breweries share price plunged 11.39 per cent to trade at Rs 790.80 apiece on BSE in Thursday's trade as bars and restuarants shut amid coronavirus fears. United Breweries hit an intraday low of Rs 749.50.

    Check live prices: United Breweries

    09:35 (IST)19 Mar 2020
    Indraprastha Gas Limited tanked 15 per cent in early deals

    Indraprastha Gas Limited tanked 15 per cent to trade at Rs 289 apiece on BSE after Mumbai enters into lockdown. IGL hit the day's low of Rs 285.90 and high of Rs 340 apiece.

    Check live prices: Indraprastha Gas Limited

    09:31 (IST)19 Mar 2020
    Yes Bank drops 10% in the opening trade

    Yes Bank dropped 10.12 per cent to trade at Rs 54.65 on BSE in Thursday's trade after rising around 50 per cent in intraday trade on Wednesday. Yes Bank has resumed its full banking services yesterday.

    Check live prices: Yes Bank

    09:26 (IST)19 Mar 2020
    Top losers on S&P BSE Sensex

    Barring Power Grid, all the 29 Sensex stocks were trading in deep sea of red with HCL Tech as the top loser, down over 13 per cent, followed by IndusInd Bank, Bajaj Finance.

    09:25 (IST)19 Mar 2020
    Sensex slips below 27,000-mark, Nifty below 8K

    The 30-share index Sensex tumbled 1800 points or 6.54 per cent, slip below the crucial 27,000-mark, to trade at 26,981 while the broader Nifty 50 index slipped below the psychological level of 8,000, to rule at 7,911.

    Check Sensex, Nifty live levels

    09:04 (IST)19 Mar 2020
    Rupee hits record low, opens at 74.96 a dollar

    The Indian rupee hits record low against the US Dollar, opens at 74.96 a dollar against previous closing of 74.23 a dollar.

    08:58 (IST)19 Mar 2020
    South Korean stock exchange hits circuit breakers

    South Korean stock exchange hits circuit breakers, trading halted for 20 minutes after it falls 8%, CNBC TV-18 reported

    08:55 (IST)19 Mar 2020
    Ashok Leyland to buy 19% additional stake in HLFL for up to Rs 1,200 cr

    Commercial vehicle major Ashok Leyland (ALL) on Wednesday said that the board of directors of the company has given approval to acquire up to 19% additional equity shares in Hinduja Leyland Finance (HLFL), a subsidiary company, from the existing shareholders, in tranches, for a consideration not exceeding Rs 1,200 crore. This move forms part of ALL’s consolidation in the company.

    Read full story

    08:45 (IST)19 Mar 2020
    AGR Matter: Supreme Court junks self-assessment; telcos, DoT in a fix

    The Supreme Court on Wednesday came down heavily on the department of telecommunications (DoT) as well as the telecom operators on the matter of payment of adjusted gross revenue (AGR) dues. While the court pulled up the DoT for not taking its consent before asking the operators to pay the dues on the basis of self-assessment exercise, it slammed the companies for approaching the media for frequently getting articles published to influence the bench’s decisions.

    Read full story

    08:35 (IST)19 Mar 2020
    Sensex, Nifty hit 3-year low levels on Wednesday

    The last hour sell-off dragged the headline indices Sensex and Nifty 5.5 per cent and 4.75 per cent, respectively. S&P BSE Sensex plunged 1,707 points or 5.59 per cent at 28,868 while the broader Nifty 50 index slipped below the crucial 8,550 level to settle at 8,541 points.

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