Market Highlights: Last hour sell-off drags Sensex over 1,300 pts down from day’s high, Nifty ends below 8,950

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Updated: April 15, 2020 4:34:08 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: As many as 18 stocks out of 30 Sensex stocks finished trade in red with Kotak Mahindra Bank as top loser, down 6.23 per cent, followed by Hero MotoCorp, Bajaj Finance, HDFC and HDFC Bank

Share Market Today, Share Market LiveHUL was the top Sensex gainer, up 3.7 per cent. Larsen & Toubro, ITC and UltraTech Cement were among the other gainers on the pack

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sell-off intensified in the last hour of the Wednesday’s trade dragging S&P BSE Sensex and Nifty 50 index down. Index heavy weights such as HDFC Bank, RIL, HDFC, Kotak Mahindra Bank and TCS were among the top contributors towards today’s fall. During the intraday trade Sensex fell over 1,300 from day’s high while Nifty slipped below 8,900-mark. S&P BSE Sensex ended 310 points or 1.01 per cent down at 30,380, while the Nifty 50 index settled at 8,925. As many as 18 stocks out of 30 Sensex stocks finished trade in red with Kotak Mahindra Bank as top loser, down 6.23 per cent, followed by Hero MotoCorp, Bajaj Finance, HDFC and HDFC Bank. Conversely, HUL was the top Sensex gainer with a growth of 6 per cent. HCL Tech, ITC and Nestle India were among the other Sensex gainers.

The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said on Tuesday. The IMF, in its 2020 World Economic Outlook, predicted a partial rebound in 2021, with the world economy growing at a 5.8% rate, but said its forecasts were marked by “extreme uncertainty” and that outcomes could be far worse, depending on the course of the pandemic, Reuters reported.

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    15:26 (IST)15 Apr 2020
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    15:10 (IST)15 Apr 2020
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    Even as S&P BSE Sensex and Nifty 50 index decline, pharma stocks are trading higher. HUL, ITC and Nestle India are among top Sensex gainers in the late afternoon deals.

    Check live Sensex, Nifty levels

    15:04 (IST)15 Apr 2020
    S&P BSE BANKEX worst sectoral performer

    S&P BSE BANKEX was the worst sectoral performer, down 2.69 per cent dragged by weakness in Kotak Mahindra Bank, HDFC Bank, ICICI Bank, SBI (State Bank of India) and Axis Bank.

    14:53 (IST)15 Apr 2020
    Sensex, Nifty fell on the back of pressure in dow futures: Amit Gupta, Cofounder Tradingbells

    Market was already factoring a good monsoon where we saw a good rally in consumption and rural related stocks in the morning, but market fell sharply post IMD press conference on the back of pressure in dow futures. After 9100 level, 9300-9400 was a supply zone where bears again come back aggressively, says Amit Gupta, Cofounder Tradingbells.

    14:48 (IST)15 Apr 2020
    The sudden fall in the markets was led by profit booking: Vishal Wagh, Bonanza Portfolio

    S&P BSE Sensex was trading 268 points or 0.87 per cent down at 30,421, while the broader Nifty 50 index was ruling at 8,942, down 51 points or 0.57 per cent. "The sudden fall in the markets was led by profit booking. Those holding long since 8000 level, booked profit. As lockdown has also extended to May 3, 2020. There is a bad news from crude also, crude oil futures plunged on low demand. Global market are also showing sell-off and Dow future has corrected by 450 points, says Vishal Wagh, Research Head, Bonanza Portfolio Ltd.

    14:37 (IST)15 Apr 2020
    What caused sudden fall in Sensex, Nifty?

    S&P BSE Sensex has fallen over 1,300 points from day's high while the broader Nifty 50 index breached 8,900 level in the afternoon deals. "After witnessing a fall from highs of about 12,500 for Nifty to levels of about 7500. The markets have as usual shown good pullback from lows. However market's at current levels of about 9200-9500 is decent for the time being as it gets fairly valued. Keeping in mind future cut in earnings outlook for FY21 and pace of broad recovery. Thus, we have seen selling resuming at these levels," Narendra Solanki, Head Fundamental Research, Anand Rathi Shares and Stock Brokers, said.

    14:26 (IST)15 Apr 2020
    Kotak Mahindra Bank share price drops 7.5%

    Kotak Mahindra Bank as top loser, down 7.5 per cent followed by HDFC Bank, Bajaj Finance and Maruti. On the flip side, HUL was the top Sensex gainer, up 3.7 per cent. Larsen & Toubro, ITC and UltraTech Cement were among the other gainers on the pack.

    Check live prices: Kotak Mahindra Bank

    14:22 (IST)15 Apr 2020
    S&P BSE Sensex, Nifty 50 fall over 1%

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    Check live Sensex, Nifty levels

    14:11 (IST)15 Apr 2020
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    14:04 (IST)15 Apr 2020
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    Read full story

    14:01 (IST)15 Apr 2020
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    13:58 (IST)15 Apr 2020
    Lockdown exemptions can help partial but key restoring of economy: ASSOCHAM

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    13:57 (IST)15 Apr 2020
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    13:46 (IST)15 Apr 2020
    Monsoon forecast: Good news for Indian economy; rain gods may smile, IMD predicts 100% rainfall

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    13:38 (IST)15 Apr 2020
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    Check live prices: ACC | Shree Cement

    13:25 (IST)15 Apr 2020
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    13:23 (IST)15 Apr 2020
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    Check live Nifty 50, Sensex levels

    13:20 (IST)15 Apr 2020
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    Check live prices: IndusInd Bank

    12:57 (IST)15 Apr 2020
    Rakesh Jhunjhunwala cuts more than 1% stake in Titan during Q4

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    12:34 (IST)15 Apr 2020
    PF Advance for COVID-19: Are you not able to make provident fund withdrawals?

    As the country is in a nationwide lockdown, which has been further extended to control the spread of COVID-19, many people are facing financial hardships. In order to provide money in the hands of employees, the government had allowed salaried individuals to withdraw a portion of their provident fund (PF) balance as PF advance.

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    12:19 (IST)15 Apr 2020
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    S&P BSE Sensex was trading at 31,462.47, up 772.45 points or 2.52 per cent, while the broader Nifty 50 index was ruling 240 points or 2.67 per cent higher at 9,234.

    Check live Sensex, Nifty level

    12:14 (IST)15 Apr 2020
    Gold prices surpass Rs 46,500 to hit record high, surge 22% in 17 days; analysts stay bullish on gold

    Gold prices in India on Wednesday hit a fresh record high of Rs 46,785 per 10 grams as the jump in coronavirus cases and lockdown extension till May 3 made investors anxious who rushed to safe-havens. Gold June futures were up 0.92 per cent or Rs 427 to Rs 46,713 per 10 grams. Silver May futures gained 1.59 per cent or Rs 694 to Rs 44,450 per kg on MCX. Gold prices hit almost a seven high in the session amid concerns over global economic growth and a wave of stimulus measures from central banks and governments, says Navneet Damani, VP, Motilal Oswal Financial Services.

    Read full story

    11:46 (IST)15 Apr 2020
    These industries allowed to open; check full list of lockdown relaxations for services, factories

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    11:20 (IST)15 Apr 2020
    Softer inflation provides more room for policy easing: Anand Rathi

    In Mar'20, retail inflation at 5.9% was the lowest since Dec’19 and recorded the second successive fall. We expect 50 bps rate cut and major liquidity infusion in the near-term future. Inflation on softening trend. Reversal of sharp rise in vegetable inflation recorded during Aug-Dec’19 led to the second successive fall in retail inflation to 5.9% in Mar’20. In contrast, most non-food categories registered slight increase in retail inflation during the month.

    Core inflation stable: After reaching record low of 3.5% in Oct’19, core inflation rose to above 4%. In Mar’20 core inflation at 4.1% was unchanged at the last month’s level.

    Mixed inflationary outlook: The nation-wide lockdown and major disruption of supply chain has resulted in simultaneous glut/distress sale of perishable products in certain areas and panic buys/ shortages in other areas.

    11:10 (IST)15 Apr 2020
    RIL, ITC, HUL lift Sensex 700 points higher; check what’s moving Dalal Street today

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    10:54 (IST)15 Apr 2020
    Amazon, Flipkart, ecommerce services allowed as Modi extends lockdown; here’s what govt says

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    Read full story

    10:28 (IST)15 Apr 2020
    Govt announced the new guidelines of Coronavirus lockdown that will be applicable after April 20

    • Industries operating in rural areas
    • Manufacturing and other industrial establishments
    • Manufacturing and packaging of IT hardware and other essential goods
    • Construction of roads, building and other projects in rural areas

    10:23 (IST)15 Apr 2020
    Govt issues revised guidelines on what will remain shut till May 3

    With the extension of the lockdown period, the following activities will continue to remain prohibited across the country until May 3-

    All domestic and international air travel of passengersAll passenger movement by trains, except or security purposesBuses for public transportMetro rail servicesAll educational, training, coaching institutions etc, shall remain closed.

    10:08 (IST)15 Apr 2020
    Expenditure rejig: Q1 spending curbs to help govt save Rs 1.4 lakh crore

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    Read full story

    09:50 (IST)15 Apr 2020
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    09:44 (IST)15 Apr 2020
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    09:39 (IST)15 Apr 2020
    Larsen & Toubro share price jumps 4%

    Larsen & Toubro share price jumped 4% to Rs 900.35 apiece on BSE in Wednesday's trade after the company secured two contracts to build Regional Rapid Transit System (RRTS) Infrastructure from National Capital Region Transport Corporation (NCRTC) in Uttar Pradesh.

    Check live prices: Larsen & Toubro

    09:34 (IST)15 Apr 2020
    Hindaco Industries share price gains nearly 7% post Aleris acquisition completion

    Hindalco Industries share price jumps 6.81 per cent to Rs 121.55 apiece on BSE after the Aditya Birla Group flagship company cemented its position as the world's largest producer of value-added aluminium products with the completion of the USD 2.8 billion acquisition of Aleris by its wholly-owned US subsidiary Novelis Inc.

    Check live prices: Hindalco Industries

    09:30 (IST)15 Apr 2020
    Nifty Bank index above 20,000-mark

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    09:30 (IST)15 Apr 2020
    Top gainers and losers on S&P BSE Sensex

    Out of 30 Sensex shares, 28 stocks were trading in green with Tech Mahindra as top gainer, up 3.65 per cent followed by ICICI Bank, IndusInd Bank and Axis Bank. Only two stocks, Maruti Suzuki and ONGC were trading in negative territory.

    09:29 (IST)15 Apr 2020
    Sensex, Nifty jump 2% in opening trade

    S&P BSE Sensex was trading 565 points or 1.84 per cent higher at 31,255, while the broader Nifty 50 index was ruling at 9,153, up 160 points or 1,78 per cent.

    Check live Sensex, Nifty levels

    09:08 (IST)15 Apr 2020
    Sensex, Nifty edge higher in pre-opening session

    S&P BSE Sensex rises 485 points or 1.58 per cent to 31,175, while the broader Nifty 50 index top 9,150 in the pre-opening session.

    Check live Sensex, Nifty levels

    09:01 (IST)15 Apr 2020
    FII and DII data

    Foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 1,244 crore while domestic institutional investors (DIIs) were net sellers to the tune of Rs 1,097 crore on Monday, data available with NSE suggested.

    08:48 (IST)15 Apr 2020
    Coronavirus crisis: More economic pain ahead

    We estimate that 65% of economic activity, more than 50% of consumption and arguably all of the investment will be impacted. We combine the share of each sector in gross value added (GVA) with the proportion likely to be locked down and calculate that every month of lockdown leads to a loss of 5.4% of GVA (see graphic). Six-weeks of national lockdown (as prescribed by PM Modi) followed by (say) about six-weeks of partial lockdown (in areas where proliferation takes longer to contain), could lead to ~12% of GVA loss. 

    read full story

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