Market Highlights: Sensex ends 1,400 pts up, Nifty above 8,600; HDFC, IndusInd Bank lead; FM unveils relief package

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Updated:Mar 26, 2020 6:34:20 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: As many as 26 stocks out of 30 Sensex stocks finished trading in a positive territory. IndusInd Bank was the top Sensex gainer throughout the day, up 45 per cent.

Sensex, NiftyNifty Private Bank index was the top gainer, up 8.27 per cent led by IndusInd Bank and Bandhan Bank

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Continuing the bull run from last three days, domestic equity market benchmarks Sensex and Nifty ended nearly 5 per cent higher on Thursday after the Union Finance Minister Nirmala Sitharaman announced Rs 1.7 lakh crore relief package to aid the economy amid coronavirus. S&P BSE Sensex ended 1,411 points or 4.94 per cent higher at 29,946, while the broader Nifty 50 index settled at 8,653, up 336 points or 3.89 per cent. As many as 26 stocks out of 30 Sensex stocks finished trading in a positive territory. IndusInd Bank was the top Sensex gainer throughout the day, gaining 45 per cent, followed by LT, Bharti Airtel and Bajaj Finance. On the flip side Maruti, Tech Mahindra, Sun Pharma and RIL were the top Sensex laggards. All the Nifty sectoral indices ended in green. Nifty Private Bank index was the top gainer, up 8.27 per cent led by IndusInd Bank, Bandhan Bank and Federal Bank. Similarly, Nifty Realty index jumped 7.28 per cent driven by gains in DLF, Brigade Enterprises and Prestige Estates Projects.

Union Finance Minsiter Nirmala Sitaraman in her press conference at National Media centre, announced a slew of measures such as cash transfers to poor and migrants, medical insurance and food scheme. FM Sitharaman has also announced Rs 50 lakh medical cover per person for the government’s sanitation workers, ASHA workers, doctors, paramedics, others, if they need it. The scheme likely to benefit 20 lakh such workers.

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Highlights

    15:21 (IST)26 Mar 2020
    Anand Mahindra group’s plan to fight coronavirus: Mass making of ventilators; new, simple design

    With the country is gearing up for the fight against coronavirus, multi-billion dollar enterprise Mahindra Group has said that it will help in the making available ventilators, which are essential to healthcare of infected patients.

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    15:05 (IST)26 Mar 2020
    Forget paying cash for your Amazon order amid lockdown as company suspends COD option

    After limiting its services to essential products, e-commerce company Amazon on Thursday suspended cash on delivery (COD) payment method to minimize the risk of contraction due to the Coronavirus and ensure the practice of social distancing. “To ensure social distancing, we have temporarily suspended Pay on Delivery for all orders, and are only accepting orders made using online payments. We will continue to deliver orders that are paid online,” Amazon’s website and the app said.

    Read full story

    14:50 (IST)26 Mar 2020
    Bharti Airtel and Bharti Infratel among top gainers on NSE

    Bharti Airtel and Bharti Infratel among top gainers on the National Stock Exchange. While Barti Airtel jumped 9.4% to trade at Rs 469 per share, Bharti Infratel gained 10% to trade at Rs 162 apiece.

    14:39 (IST)26 Mar 2020
    Nifty Bank has fallen from the day's high

    As FM announced no relief for the banking sector, Nifty Bank dropped from its highs. The index was up by almost 10%, now it is up 5.6%.

    14:33 (IST)26 Mar 2020
    FM's announcements positive for consumers as a theme: Sujan Hajra, Anand Rathi Shares & Stock Brokers

    “FM’s announcements are focused mostly towards rural poor. Positive for consumers as a theme but mostly low-priced products. Rs1.7 lakh crore is about 0.8% of GDP. Collapse of demand, as was being feared by many, looks unlikely. So the period of lockdown may not be extended. These measures, if effectively and quickly implemented, would make the total shutdown more complete. This is the biggest positive for listed companies," says Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares & Stock Brokers.

    14:31 (IST)26 Mar 2020
    Industry specific measures likely to be announced in next package: V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

    'Comprehensive package for the poor and vulnerable. The focus is 'nobody should go hungry.' No announcements for stimulating the economy. Perhaps later. This is a package for lockdown impacted segments. Regarding relief to MSMEs etc the FM said 'we will look into it.' So industry specific measures likely to be announced in the next package. The govt is prioritising. This can go a long way in implementing the lockdown. A deficiency is that the states who have to implement lots of measures have not been given any significant transfer,' says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    14:26 (IST)26 Mar 2020
    ITC share price trades over 5% higher

    ITC share price gained in trade as the Union Finance Minister made announcements related to food scheme. ITC was trading 5.23 per cent higher at Rs 155 apiece on BSE in late afternoon deals on Thursday.

    Check live prices: ITC

    14:24 (IST)26 Mar 2020
    Sensex, Nifty off high's, still trading higher

    Sensex and Nifty erased of their gains but were trading higher with Nifty above 8500. The Sensex was up 839 points or 2.94 per cent at 29,374, and the Nifty was up 226 points or 2.72 per cent at 8,544.

    Check Sensex, Nifty live levels

    14:16 (IST)26 Mar 2020
    S&P BSE FMCG index gains 3.35%

    S&P BSE Fast Moving Consumer Goods is up 3.35 per cent as FM Sitharaman announced a host of measures to combat coronavirus (COVID-19). Parag Milk, Jyothy Labs and Hertitage foods, each up over 10 per cent, were among the top gainers on the index

    14:10 (IST)26 Mar 2020
    HUL share price gains over 3.5%

    HUL share price gained in trade as FM Sitharaman announced a slew of measures to aid the economy amid coronavirus. HUL shares were trading 3.71 per cent higher at Rs 2153 apiece on BSE in Thursday's trade.

    Check live prices:  HUL

    14:06 (IST)26 Mar 2020
    Nifty FMCG index trades higher, up 3.22%

    Nifty FMCG index was trading 3.22 per cent higher in the afternoon deals on Thursday. Godrej Consumer Products, Marico and Dabur India were the top gainers on the index

    14:03 (IST)26 Mar 2020
    Maruti share price down 5% in afternoon deals

    Maruti was the top Sensex loser, down 5 per cent to Rs 4778 apiece on BSE in the afternoon deals on Thursday. 

    Check live prices:  Maruti

    13:54 (IST)26 Mar 2020
    IndusInd Bank top Sensex gainer, up 35%

    As many as 24 stocks out of 30 Sensex stocks were trading in green, with IndusInd Bank as top gainer, up 35 per cent, followed by Axis bank, HDFC and Bharti Airtel. On the contrary, Maruti, NTPC and Reliance Industries (RIL) were among top laggards on the Sensex.

    13:52 (IST)26 Mar 2020
    ‘No one will remain hungry’; government brings in food, cash relief amid coronavirus

    Finance Minister Nirmala Sitharaman has come up with a Rs 1,70,000 crore relief package for the daily wage earners, women workers and migrant workers as the country remains in a 21-day lockdown period due to coronavirus outbreak. Addressing the media today, FM Nirmala Sitharaman said that PM Garib Kalyan relief package will be distributed by cash transfers and food security.

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    13:40 (IST)26 Mar 2020
    Sensex off day's high, up 700 points, Nifty above 8,550

    As the Union Finance Minsiter Nirmala Sitharaman's press conference began, S&P BSE Sensex was off from day's high to trade at 29,313.73, while the broader Nifty 50 index was ruling at 8553.

    Check live Sensex, Nifty level

    13:37 (IST)26 Mar 2020
    FM’s coronavirus economic relief package has cash transfer, food provision at the core

    Finance Minister Nirmala Sitharaman is addressing a press conference, unveiling a mega economic relief package, building on government’s measures to provide subsidised ration and easing compliance requirements to help beat coronavirus-led slowdown. In FM Sitharaman’s last press conference, she said that the economic relief package will be announced sooner, rather than later. While eyes are glued on MSME relief package and liquidity infusion, daily wage workers may also get some relief.

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    13:09 (IST)26 Mar 2020
    Housing sales dip 42% in January-March at 45,200 units amid coronavirus concerns, says report

    Housing sales fell by 42 per cent during January-March period at 45,200 units across seven major cities on poor demand amid concerns over spread of coronavirus infections, according to housing brokerage firm Anarock. Housing sales stood at 78,510 units in the year-ago period across seven cities — Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad and Pune, as per sales data till March 25.

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    13:07 (IST)26 Mar 2020
    Nifty Bank gains over 9%

    Sectoral index Nifty Bank has jumed 9.45% helped by a gain in IndusInd Bank, Bandhan Bank, Axis Bank and Federal Bank. IndusInd Bank has surged more than 40% in today's rally, while Bandhan Bank has jumped 30%.

    12:55 (IST)26 Mar 2020
    Anand Mahindra group’s plan to fight coronavirus: Mass making of ventilators; new, simple design

    With the country is gearing up for the fight against coronavirus, multi-billion dollar enterprise Mahindra Group has said that it will help in the making available ventilators, which are essential to healthcare of infected patients. The company is working on two fronts — ramping up manufacturing by simplifying design so that large production can take place.

    Read full story

    12:48 (IST)26 Mar 2020
    Women in leadership: 4 reasons why world needs more women-led businesses than ever

    There are more women running Fortune 500 businesses today than at any point in the history of the list. These are words we hear every other year, in a parade of puff pieces and profiles trotted out to showcase the strides towards equality being taken by the world’s largest businesses. What’s more telling is what the majority of these articles fail to mention – that this ‘highest ever number’ consists of just 33 individuals.

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    12:32 (IST)26 Mar 2020
    IndusInd Bank share price rockets 47%

    IndusInd Bank share price jumped 47 per cent to Rs 443 apiece on BSE in noon deals on Thursday. IndusInd Bank emerged as the top Sensex gainer today among 30 Sensex stocks.

    Check live prices: IndusInd Bank

    12:27 (IST)26 Mar 2020
    Gold prices fall below Rs 42,000 today, snap three day gaining streak; silver rates slump

    Gold prices slipped in the early trade on Thursday, after gaining for three consecutive sessions. On MCX, gold April futures were trading Rs 517 or 1.22 per cent down at Rs 41,700 per 10 grams. Similarly, silver May futures were also ruling lower at 41,053, down Rs 653 or 1.57 per cent

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    12:13 (IST)26 Mar 2020
    Sensex, Nifty edge higher ahead of FM Sitharaman press meet

    S&P BSE Sensex gained 1436 points or 5.03 per cent to trade at 29,972.47, while the Nifty 50 index reclaimed 8,700 level ahead of FM Sitharaman press meet.

    Check live Sensex, Nifty levels

    11:59 (IST)26 Mar 2020
    FM Sitharaman's presser at 1 PM, likely to announce stimulus package

    Union Finance Minsiter Nirmala Sitaraman to hold a press conference today, 26th March , at 1 pm onwards at National Media centre . 

    11:49 (IST)26 Mar 2020
    Sensex, Nifty off day's high, still trading higher

    The 30-share index Sensex was off day’s high of 30,099, to trade at 29,374, while the broader Nifty 50 index was ruling at 8522. up 204 points or 2.46 per cent.

    Check live Sensex, Nifty levels

    11:34 (IST)26 Mar 2020
    PSU banks come to rescue before govt’s economic package; SBI, Indian Bank, others offer quick credit

    Even as Finance Minister Nirmala Sitharaman has announced to roll out an economic relief package amid the Covid-19 scare, the PSU banks have come to rescue the businesses affected by the countrywide lockdown. The businesses suffering from a slump in demand and zero footfall in the market can now look up to many PSU banks to get emergency credit to carry on their endeavors. State Bank of India, Indian Bank, Uco Bank, Bank of India (BOI), and Union Bank of India (UBI), have announced emergency credit lines for quick loans.

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    11:32 (IST)26 Mar 2020
    IndusInd Bank surges 37%, hits upper circuit

    IndusInd Bank, the private sector lender that took a beating on the bourses earlier this week surged more than 37% on Thirsday to hit and upper limit and trade at Rs 436.7 per share.

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    11:21 (IST)26 Mar 2020
    Should EMI and loan repayments be deferred? Here's what a real estate mogul suggests

    As businesses shut doors due to the Coronavirus pandemic and the economy slows down further, demand surge has taken a detour in India. With little to no economic activity taking place, EMIs and loan repayments have taken the center stage.

    Read full story

    11:12 (IST)26 Mar 2020
    Coronavirus blow: SpiceJet returns wet-lease aircraft; cash reserves burn for airlines as demand slumps

    Budget carrier SpiceJet has returned five wet-leased Boeing 737 aircraft to Turkey’s Corendon Airlines as the aviation sector continues to remain under the firing line of the coronavirus outbreak. While the airline said that the return is a part of the airline’s efforts to cut costs, sources hinted at financial crunch.

    Read full story

    10:55 (IST)26 Mar 2020
    Sensex rallies 1,500 pts to reclaim 30,000, Nifty tops 8700; check what’s behind D-Street rally today

    Extending the gains, domestic equity market benchmarks Sensex and Nifty were trading nearly 4 per cent higher on Thursday on reports that Modi’s government likely to agree an economic stimulus package of more than Rs 1.5 trillion to stem the spread of coronavirus. S&P BSE Sensex was trading 1154 points or 4.05 per cent higher at 29,690, while the broader Nifty 50 index was ruling 326 points or 3.93 per cent higher at 8644.

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    10:25 (IST)26 Mar 2020
    IndusInd bank share price extends gain, surges 30%

    Extending the opening gains, IndusInd Bank share price was trading 30 per cent higher at Rs 391.55 apiece on BSE in Thursday's session. In the the previous session, IndusInd Bank lost 10 per cent.

    Check live prices: IndusInd Bank

    10:06 (IST)26 Mar 2020
    Bandhan Bank surges 20%

    Private sector lender Bandhan Bank has surged 20% to trade at Rs 185 per share, hitting an upper circuit. 

    10:01 (IST)26 Mar 2020
    Sensex reclaims 29,000, Nifty trades above 8550

    S&P BSE Sensex was trading at 29,513.72, up 977.94 points or 3.43 per cent while the broader Nifty 50 index was ruling at8566, up 248 points or 3 per cent.

    Check live Sensex, Nifty levels

    09:43 (IST)26 Mar 2020
    IndusInd Bank snaps losing streak

    IndusInd Bank share price snaps losing streak, jumps 15 per cent in opening deals today. In the previous session, IndusInd Bank shares plunged 10 per cent in trade.

    Check live prices: IndusInd Bank

    09:42 (IST)26 Mar 2020
    Indian Hotels Company Ltd hits a new 52-week low

    Hspitality arm of Tata Group, Indian Hotels hit a fresh 52-week low on the BSE at Rs 71.90 per share as it sank more than 2% during the early trade.

    Chek live prices

    09:36 (IST)26 Mar 2020
    Sensex reclaims 29,000, Nifty nears 8,500 levels

    S&P BSE Sensex jumped 700 points or 2.47 per cent to trade at 29,241.52, while the broader Nifty 50 index was ruling at 8,493.95, up 176 points or 2.12 per cent.

    Check Sensex, Nifty live levels

    09:31 (IST)26 Mar 2020
    IndusInd Bank share price jumps 10%

    IndusInd Bank share price jumped 10 per cent to Rs 331.3 apiece on BSE in Thursday's trade. It was the top Sensex gainer today.

    Check live prices: IndusInd Bank

    09:27 (IST)26 Mar 2020
    Radhakishan Damani purchases 16 lakh shares in India Cement

    Ace investor and promoter of Avenue Supermarts, Radhakishan Damani has yet again purchased shares in India Cements, this time in a bulk deal of 16 lakh sharesa at Rs 94.97 per share. 

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    09:24 (IST)26 Mar 2020
    Top gainers and losers on S&P BSE Sensex

    As many as 20 stocks out of 30 Sensex stocks were trading in green, with IndusInd Bank as top gainer, up 8.9 per cent, followed by Tech MahindraInfosys and Axis Bank. On the contrary, Maruti, Nestle India, Bharti Airtel and ITC were among top laggards on the Sensex.

    09:24 (IST)26 Mar 2020
    Sensex, Nifty open higher on Thursday

    S&P BSE Sensex was trading 257 points or 0.90 per cent higher at 28,793, while the nroader Nifty 50 index was at 8430, up 120 points or 1.45 per cent

    Check live Sensex, Nifty levels

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