Market LIVE: Sensex ends 470 pts down, Nifty below 9k; financials, real estate stocks weigh investor sentiment

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Updated:Apr 13, 2020 3:55:40 pm

Share Market News Today | Sensex, Nifty, Share Prices LIVE: As many as 23 stocks out of 30 Sensex stocks ended in deep red today with Bajaj Finance as the top loser. down 10.27 per cent, followed by M&M, Titan

Share Market Live, Stock Market Live, Nifty Live, NSE live, BSE live, Live Market Update, Market Today, stock market update in hindi, स्टॉक मार्केट, शेयर बाजार, Indian Share Market Live, Indian Stock Market Live, सेंसेक्स, निफ्टीBarring Nifty Metal and Nifty Pharma, all the sectoral indices settled in negative territory. Nifty Realty index cracked nearly 5 per cent dragged by The Phoenix Mills, DLF

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks S&P BSE Sensex and NSE’s Nifty ended over 1.50 per cent down on Monday dragged by mainly realty estate and financial stocks amid weak global cues. S&P BSE Sensex finished trade 470 points or 1.51 per cent lower at 30,690, while the broader Nifty 50 index settled at 8,994, down 118 points or 1.30 per cent. As many as 23 stocks out of 30 Sensex stocks ended in deep red today with Bajaj Finance as the top loser. down 10.27 per cent, followed by M&M, Titan, Hero MotoCorp and ICICI Bank. LT was the top Sensex gainer with a growth of 6.57 per cent. Bharti Airtel, IndusInd Bank, UltraCement and NTPC were among the other gainers on the Sensex. Barring Nifty Metal and Nifty Pharma, all the sectoral indices settled in negative territory. Nifty Realty index cracked nearly 5 per cent dragged by The Phoenix Mills, DLF and Prestige. Conversely, Nifty Pharma jumped 2.77 per cent led by gains in Piramal Enterprises, Cadila Healthcare and Divi’s lab

Top oil-producing nations reached an agreement on Sunday to cut crude oil output to boost the plummeting oil prices. Oil prices have been tanking due to the novel coronavirus pandemic that has seen demand slumping to new lows. Members of the oil cartel, OPEC led by Saudi Arabia and allied led by Russia met via video conference on Sunday in an effort to join hands to formulate a plan to stablise prices by cutting output. US President Donald Trump termed the deal as ‘great for all’. He took to Twitter to say that the deal will “save hundreds of thousands of energy jobs in the US”.

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Highlights

    15:25 (IST)13 Apr 2020
    ONGC gas output drops 15% as shut factories refuse to take supplies

    State-owned ONGC has been forced to cut natural gas production by over 15 per cent as factories shut down following the unprecedented nationwide lockdown have refused to take supplies. Oil and Natural Gas Corp (ONGC), which produced 64.3 million standard cubic meters of gas per day (mmscmd) prior to the lockdown imposed on March 25, has reduced the flow to 53.4 mmscmd, sources aware of the development said.

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    15:11 (IST)13 Apr 2020
    MSMEs making essential goods should not face any hindrance amid lockdown, govt tells states

    Home Secretary Ajay Bhalla on Monday asked chief secretaries of all the states to ensure MSMEs manufacturing essential items across the country operate without any challenges amid Covid-19 lockdown. In a letter sent to all chief secretaries, Bhalla said all district authorities and field agencies should be informed about the government’s guidelines on inter and intrastate movement of personnel and trucks carrying essential or non-essential goods.

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    14:36 (IST)13 Apr 2020
    What’s dragging Nifty, Sensex down today? Lockdown extension, global cues loom over share market

    After a three-day holiday, domestic benchmark indices BSE Sensex and Nifty 50 were trading nearly 1.75 per cent lower on Monday as shares of HDFC Bank, RIL, Bajaj Finance and HDFC were among the top contributors towards today’s fall. S&P BSE Sensex slipped below its crucial 31,000-mark while the broader Nifty 50 index breached the psychological level of 9,000. “Market is witnessing some selling pressure and profit booking after a stellar rally last week which was attributed to strong global markets due to continuous stimulus from the US Fed,” Amit Gupta, Cofounder, Tradingbells told Financial Express Online.

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    14:28 (IST)13 Apr 2020
    Modi’s economic package just a relief, not stimulus; RBI monetary policy panel sounds red alert

    Even as Finance Minister Nirmala Sitharaman announced a mega economic package of nearly Rs 1.7 lakh crore to provide cushion to the sagging economy, monetary policy discussions at the RBI have noted that this package is merely a relief than a stimulus. “A relief is not a permanent fix.

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    14:16 (IST)13 Apr 2020
    Nifty Realty deep in red, worst performing sectoral index

    Sectoral index, Nifty Realty was the worst-performing sector on the National Stock Exchange. Only one of the constituents was trading in green. Phoenix Mills was down 11.5% while DLF was down over 7%. 

    13:45 (IST)13 Apr 2020
    China's central bank takes advantage of falling HDFC share price, buys Rs 3,000 crore shares

    India’s biggest mortgage lender, HDFC (Housing Development Finance Corporation) announced a surprise shareholder in a disclosure to the stock exchanges on Sunday, the People’s Bank of China (PBOC). According to the data provided by HDFC to the stock exchanges, Chinese central bank holds 1.75 crore shares of the company at the end of March 2020.

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    13:22 (IST)13 Apr 2020
    SBI Cards and Payment Services down 14%

    SBI Cards and Payment Services slipped 14 per cent to Rs 511.40 apiece on BSE on Monday's afternoon. It has hit the day's lows of Rs 508, while high of 584.50.

    Check live prices: SBI Cards and Payment Services

    13:16 (IST)13 Apr 2020
    HDFC Securties on Cipla

    Cipla received approval for gProventil HFA (Albuterol Sulfate), its first MDI (metered dose inhaler) approval in the US. This is the first generic approved by the US FDA for Proventil HFA. The approval comes ahead of time (was expected in 2HFY21) as FDA recognizes the rising demand for albuterol products during coronavirus pandemic. We expect gradual ramp up as shipments are expected to be staggered. We factor sales contribution of USD60mn/70mn sales in FY21/22 respectively. Incrementally, this adds ~5-6% to our EPS estimates. Strong respiratory franchise (gAdvair filing in Q1FY21, Proventil approval), specialty portfolio targeting Institutional space (IV Tramadol, Zemdri) and complex products (40% of projects under development) will drive US growth in the medium term. We revise our target price to Rs 600 (20x FY22 EPS + Rs 30/share for gAdvair). Reiterate Buy.

    13:08 (IST)13 Apr 2020
    Stock market investors must accumulate quality stocks during coronavirus outbreak

    Indian markets had been under pressure for the last 2 years due to issues ranging from slow corporate earnings to the liquidity crisis after the IL&FS and DHFL fiascos. It was then that coronavirus pandemic hit. The virus spread exponentially faster than expected, throughout the world and especially in the developed markets. The global stock markets also started reacting at the same speed. As the number of worldwide infections went up, economies started barricading themselves.

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    12:59 (IST)13 Apr 2020
    RBI eases currency rules: How it will change the way investors trade in foreign exchange

    The RBI came out with the much-anticipated guidelines on exotic derivatives this week. The circular differentiates between retail and non-retail users. The eligible products for a retail user are forwards, purchase of Plain Vanilla calls and Puts, Purchase of Call spreads and Put spreads and swaps. The banks would need to timestamp the rates quoted to retail users to ensure transparency. Also in the case of derivatives, the mid-market mark would have to be disclosed to the client and the same shall have to be mentioned in the term sheet as well. This would help the client get a sense of the markup or spread that the bank is charging

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    12:46 (IST)13 Apr 2020
    Dabur calls coronavirus situation ‘fairly bad’; remains hopeful of normalcy in 3 months

    FMCG major Dabur has called the coronavirus situation ‘fairly bad’ as the country remains under a lockdown for 21-days. The maker of Hajmola candies, however, remains hopeful of normalcy in three months. “Hopefully, we are going to be back to normal in three months… It is right now fairly bad. When I say three months, what I mean is at least 40-50% of capacity we will get in Dabur in terms of consumption,” Amit Burman, Chairman, Dabur.

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    12:32 (IST)13 Apr 2020
    Realty firms hit new 52-week lows

    Oberoi Realty and The Phoenix Mills have hit fresh 52-week lows on the BSE today. Oberoi Realy fell close to 5% to reach a low of Rs 291 per share, while Phoenix Mills dived 12% to trade at Rs 483 per share.

    12:21 (IST)13 Apr 2020
    Oil prices crash 56% amid coronavirus breakout, production cut may provide relief in FY21

    WTI Crude prices dipped over 56 per cent in March’20. Oil prices plunged after the coronavirus breakout led to a demand crash amid rising worries of a possible supply glut. The massive fall in oil prices came after the price war triggered between top oil producers, Saudi Arabia and Russia. Saudi Arabia announced its plans to boost production in April’20 in the race to win the market share. The coronavirus has killed over 65,000 people and multiple nations have announced a lockdown which has led to curtailment of the aviation and road transport, in turn, denting the demand for crude.

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    12:14 (IST)13 Apr 2020
    DMart share price falls 5%, hits lower circuit; Radhakishan Damani’s firm says only 50% stores open

    After having jumped 13% in the previous three trading sessions, share price of DMart has caved in, falling 5% on Monday to hit the lower circuit. The sudden fall in the stock price is aided by the company’s recent disclosure that only half of its stores are operational owing to the nation-wide lockdown.

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    11:50 (IST)13 Apr 2020
    Sensex, Nifty trim losses

    Domestic benchmark indices trimmed some of their opening losses in the trade today. S&P BSE Sensex was trading 135 points or 0.43 per cent at 31,024, while the broader Nifty 50 index was ruling at 9093, down 18 points or 0.20 per cent.

    Check live Sensex, Nifty levels

    11:45 (IST)13 Apr 2020
    Govt’s essential roadmap to keep economy alive amid coronavirus lockdown: Start these industries soon

    As the ongoing lockdown in India has led to an economic standstill, affecting crores of jobs, the government has recommended partially lifting it in a structured way in select sectors to keep the pulse of the economy going. To improve the economic activity and provide liquidity in the hands of people, the Department for Promotion of Industry & Internal Trade (DPIIT) has suggested the Ministry of Home Affairs to allow to start more activities, apart from essential supplies, with reasonable safety after the decision on the extension and nature of lockdown is taken.

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    11:18 (IST)13 Apr 2020
    Nifty auto down 2.3%

    Sectoral index Nifty Auto is down 2.32%, with all the index constituents deep in red. Under the nation-wide lockdown, auto manufacturers are going to be the worst affected with sales nose-diving to near zero.

    11:06 (IST)13 Apr 2020
    Bandhan Bank reports 32% rise in deposits in FY20

    Private-sector lender Bandhan Bank reported a 32% rise in deposits for the fiscal year 2019-20. Despite this the share price remained unimpressed, falling 6.89% to trade at Rs 179 per share.

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    10:55 (IST)13 Apr 2020
    Sensex trims losses, jump over 250 points from day's low

    S&P BSE Sensex has trimmed losses and surged 275 points from the day's low. The index is now trading at 30,749 points. The lowest Sensex has fallen today is 30,474 points.

    10:45 (IST)13 Apr 2020
    Ruchi Soya jumps 5% to reach a new high

    Ruchi Soya jumped close to 5% on Monday to reach a new 52-week high of Rs 288.60 per share. This is the fourth consecutive trading session where the scrip has hit a fresh high. 

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    10:36 (IST)13 Apr 2020
    Sensex, Nifty slip into red while pharma stocks rally, key factors moving share markets today

    Domestic market benchmarks S&P BSE Sensex and the 50-stock Nifty fell into the red as trading resumed on the Indian stock markets after a three-day break. S&P BSE Sensex opened down by 178 points but fell further in the initial hour of trade

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    10:04 (IST)13 Apr 2020
    India VIX goes up as markets fall

    The volatility index is up 4.46%, sitting at 52 points. The index has fallen sharply in the last two weeks and a surge in India VIX could instill fear in investors mind.

    10:01 (IST)13 Apr 2020
    Demand for safe havens to support gold: Hareesh V

    Large scale quantitative easing measures taken by various central banks have lifted gold higher. Investors’ demand for safe havens due to fears of a global recession amid the negative economic impact of COVID 19 will also support the yellow metal. At the same time, moderate physical activities and a strong dollar may limit major gains: Hareesh V, Head Commodity Research at Geojit Financial Services

    09:54 (IST)13 Apr 2020
    SBI Cards and Payment Services share price hits a new low

    The much-awaited SBI Cards IPO has failed to impress since its opening on the bourses. The stock hit a new 52-week low on Monday when it hit the price of Rs 540 per share.  

    09:47 (IST)13 Apr 2020
    Bajaj Finance drop 8%

    Bajaj Finance Limited has tanked 8% in just the initial minutes of trade, now trading at Rs 2335 per share. The stock surged 21% last week.

    Check live price: Bajaj Finance Limited

    09:34 (IST)13 Apr 2020
    Share markets fall further Sensex drops over 400 points, Nifty below 9,000

    Continuing the fall, S&P BSE Sensex fell over 400 points after opening in the red, the 50-stock Nifty too followed the same path falling below the 9,000 mark.

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    09:32 (IST)13 Apr 2020
    OPEC+ inks historic deal to cut oil production to boost plummeting prices amid COVID-19 crisis

    Top oil-producing countries agreed Sunday to record output cuts in order to boost plummeting oil prices due to the new coronavirus crisis and a Russia-Saudi price war. OPEC producers, dominated by Saudi Arabia, and allies led by Russia met via videoconference for an hour Sunday in a last-ditch effort to cement an accord struck early Friday that hinged on Mexico’s agreement.

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