18:16 March 20
Investor wealth jumps Rs 6.32 lakh crore as markets rally after falling for 4 days
Investor wealth jumped by Rs 6,32,362.29 crore on Friday as markets made a strong comeback after four days of massive fall.
With the rise in the BSE benchmark index, which advanced 1,627.73 points or 5.75 per cent, the market valuation of BSE-listed companies jumped Rs 6,32,362.29 crore to Rs 1,16,09,143.29 crore at close of trade on Friday.
18:15 March 20
Rupee drops by 8 paise to fresh record low of 75.20 vs USD
The rupee gave up its day's gains to settle 8 paise lower at a fresh life-time low of 75.20 against the US dollar on Friday as forex market continued to grapple with economic uncertainties due to fast-spreading coronavirus pandemic.
At the interbank foreign exchange market, the domestic currency opened higher at 74.82 and gained more strength as the day progressed. It went on to hit a high of 74.72 before succumbing to weakening sentiments due to the virus scare.
The Indian unit finally settled at 75.20, down 8 paise against the US dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.79 per cent to 101.95, helping the rupee trade higher.
16:17 March 20
Gold prices zoom Rs 1,395 tracking rally in international markets
Gold prices on Friday jumped Rs 1,395 to Rs 41,705 per 10 gram in the national capital following rally in the international prices of the precious metal, according to HDFC Securities.
On Thursday, the precious metal had closed at Rs 40,310 per 10 gram.
Silver prices also advanced Rs 2,889 to Rs 38,100 per kg against the previous close of Rs 35,211 per kg.
"Spot gold of 24 karat in Delhi shot up by Rs 1,395 with overnight rally in international gold prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
16:05 March 20
Top gainers and losers
ONGC was the top gainer in the Sensex pack, rallying around 18 per cent, followed by HUL, UltraTech Cement, RIL, TCS, HDFC, ITC and Asian Paints.
Only HDFC Bank and IndusInd Bank settled in the red.
15:37 March 20
Sensex halts 4-day bloodbath, zooms 1,627 pts; Nifty tops 8,700
Snapping its four-day losing streak, equity benchmark Sensex rallied over 1,627 points on Friday in line with global stocks as governments across the world took drastic measures to combat the economic blowback of Covid-19.
Domestic sentiment turned positive on hopes of a stimulus package after Prime Minister Narendra Modi announced a financial task force to help sectors battered by the pandemic, experts said.
After starting on a volatile note and swinging over 2,485 points, the BSE barometer ended 1,627.73 points or 5.75 per cent higher at 29,915.96. It hit a high of 30,418.20 and a low of 27,932.67.
Similarly, the NSE Nifty zoomed 482 points, or 5.83 per cent, to close at 8,745.45.
Modi on Thursday announced setting up of a task force under Finance Minister Nirmala Sitharaman which will take necessary actions "in the near future" after analysing the coronavirus pandemic situation.
Covid-19 cases in India rose to 195 on Friday after 22 fresh cases were reported from various parts of the country, according to the Health Ministry.
Experts were of the view that the Covid-19 task force may come out with concrete proposals very soon.
The huge oil bounty from the crude crash can be used for this, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, adding that PM's appeal is a curtain raiser for the concrete actions to follow soon.
World over, market sentiments improved as governments stepped up measures to cushion the financial blow of the pandemic, experts said.
Bourses in Shanghai, Hong Kong, Seoul closed up to 7 per cent higher.
Stock exchanges in Europe too rallied up to 5 per cent.
Meanwhile, the rupee appreciated 6 paise to 74.72 against US dollar intra-day.
Global oil benchmark, Brent crude futures rose over 8.18 per cent to USD 30.80 per barrel.
13:38 March 20
The 30-share BSE Sensex was trading 1800.50 points or 6.36 per cent, higher at 30,088.73 at 1:35 pm. Similarly, the broader NSE Nifty was 534.50 points or 6.47 per cent high 8,797.95 at 1:35 pm.
12:13 March 20
The 30-share BSE Sensex was trading 1004 points or 3.55 per cent, higher at 29,293.09 at 12:10 pm.
11:39 March 20
Reliance Industries shares bounce back after 4-day fall; jump over 6%
Shares of Reliance Industries bounced back on Friday rising by over 6 per cent, a day after Mukesh Ambani, his wife, and three children marginally raised their personal shareholding in RIL.
The scrip jumped 6.13 per cent to Rs 973.35 on the BSE at 11:40 am.
On the NSE, it gained 6.32 per cent to Rs 975.70 at 11:40 am.
RIL shares had dropped 17.14 per cent till Thursday in fourth consecutive session of fall.
Billionaire Mukesh Ambani, his wife, and three children have marginally raised their personal shareholding in Reliance Industries Ltd by acquiring some shares of another promoter group entity.
Overall, the promoter group shareholding in the oil-to-telecom conglomerate remains unchanged at 47.45 per cent, the company said in a regulatory filing.
10:16 March 20
Rupee recovers 34 paise to 74.78 against USD in early trade
The Indian rupee recovered 34 paise to trade at 74.78 against the US dollar in early deals on Friday following dollar selling by exporters.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.65 per cent to 102.08, helping the rupee trade higher.
The domestic unit had closed at 75.12 against the US currency on Thursday.
10:09 March 20
Top gainers and losers
IndusInd Bank was the top laggard in the Sensex pack, tanking up to 7 per cent, followed by HDFC twins, Kotak Bank, Bajaj Finance, ICICI Bank and Axis Bank.
On the other hand, ITC, PowerGrid, HUL, ONGC and Sun Pharma were among the gainers.
10:06 March 20
After spiking 573.07 points, the BSE barometer was trading 127 points or 0.45 per cent higher at 28,416.03 at 10 am.
In the previous session, the 30-share BSE index closed 581.28 points or 2.01 per cent lower at 28,288.23. The Nifty tumbled 205.35 points, or 2.42 per cent, to close at 8,263.45.
On a net basis, foreign institutional investors sold equities worth Rs 4,622.93 crore on Thursday, data available with stock exchanges showed.
Prime Minister Narendra Modi on Thursday announced setting up of a task force under Finance Minister Nirmala Sitharaman which will take necessary actions "in the near future" after analysing the coronavirus pandemic situation.
According to government sources, Finance Minister Nirmala Sitharaman will hold a meeting with MSME Minister Nitin Gadkari, Animal Husbandry Minister Giriraj Singh, Civil Aviation Minister Hardeep Singh Puri and Tourism Minister Prahlad Singh Patel on Friday to assess the situation in order to work out a package.
Calling for "resolve and restraint" to fight coronavirus, Modi asked the entire country to observe 'Janta curfew' on Sunday.
In a nearly 30-minute national broadcast, he asked people to stay indoors and work from home as much as possible while underscoring the dangers of coronavirus, saying the world has never seen a crisis as grave as this.
The huge oil bounty from the crude crash can be used for this, he said adding that PM's appeal is a curtain raiser for the concrete actions to follow soon.
Global market
World over, market sentiments improved as governments stepped up measures to cushion the financial blow of the pandemic, analysts said, adding that concerns over the rapid spread of the virus remained.
Bourses in Shanghai, Hong Kong, Seoul jumped up to 4 per cent, while Tokyo was in the red.
Stock exchanges on Wall Street too ended on a positive note.
Global oil benchmark, Brent crude futures rose over 2.04 per cent to USD 29.05 per barrel.
09:35 March 20
The 30-share BSE Sensex was trading 204 points, lower at 28,083.39. Similarly, the broader NSE Nifty was 29.25 points high at 8,292.70 at 9:33 am.
08:50 March 20
Market opening
Hyderabad: The 30-share BSE Sensex was trading 158 points, higher at 28,446. Similarly, the broader NSE Nifty was 68.65 points high at 8,332.10 in the opening session.
(Inputs from agencies)
18:16 March 20
Investor wealth jumps Rs 6.32 lakh crore as markets rally after falling for 4 days
Investor wealth jumped by Rs 6,32,362.29 crore on Friday as markets made a strong comeback after four days of massive fall.
With the rise in the BSE benchmark index, which advanced 1,627.73 points or 5.75 per cent, the market valuation of BSE-listed companies jumped Rs 6,32,362.29 crore to Rs 1,16,09,143.29 crore at close of trade on Friday.
18:15 March 20
Rupee drops by 8 paise to fresh record low of 75.20 vs USD
The rupee gave up its day's gains to settle 8 paise lower at a fresh life-time low of 75.20 against the US dollar on Friday as forex market continued to grapple with economic uncertainties due to fast-spreading coronavirus pandemic.
At the interbank foreign exchange market, the domestic currency opened higher at 74.82 and gained more strength as the day progressed. It went on to hit a high of 74.72 before succumbing to weakening sentiments due to the virus scare.
The Indian unit finally settled at 75.20, down 8 paise against the US dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.79 per cent to 101.95, helping the rupee trade higher.
16:17 March 20
Gold prices zoom Rs 1,395 tracking rally in international markets
Gold prices on Friday jumped Rs 1,395 to Rs 41,705 per 10 gram in the national capital following rally in the international prices of the precious metal, according to HDFC Securities.
On Thursday, the precious metal had closed at Rs 40,310 per 10 gram.
Silver prices also advanced Rs 2,889 to Rs 38,100 per kg against the previous close of Rs 35,211 per kg.
"Spot gold of 24 karat in Delhi shot up by Rs 1,395 with overnight rally in international gold prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
16:05 March 20
Top gainers and losers
ONGC was the top gainer in the Sensex pack, rallying around 18 per cent, followed by HUL, UltraTech Cement, RIL, TCS, HDFC, ITC and Asian Paints.
Only HDFC Bank and IndusInd Bank settled in the red.
15:37 March 20
Sensex halts 4-day bloodbath, zooms 1,627 pts; Nifty tops 8,700
Snapping its four-day losing streak, equity benchmark Sensex rallied over 1,627 points on Friday in line with global stocks as governments across the world took drastic measures to combat the economic blowback of Covid-19.
Domestic sentiment turned positive on hopes of a stimulus package after Prime Minister Narendra Modi announced a financial task force to help sectors battered by the pandemic, experts said.
After starting on a volatile note and swinging over 2,485 points, the BSE barometer ended 1,627.73 points or 5.75 per cent higher at 29,915.96. It hit a high of 30,418.20 and a low of 27,932.67.
Similarly, the NSE Nifty zoomed 482 points, or 5.83 per cent, to close at 8,745.45.
Modi on Thursday announced setting up of a task force under Finance Minister Nirmala Sitharaman which will take necessary actions "in the near future" after analysing the coronavirus pandemic situation.
Covid-19 cases in India rose to 195 on Friday after 22 fresh cases were reported from various parts of the country, according to the Health Ministry.
Experts were of the view that the Covid-19 task force may come out with concrete proposals very soon.
The huge oil bounty from the crude crash can be used for this, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, adding that PM's appeal is a curtain raiser for the concrete actions to follow soon.
World over, market sentiments improved as governments stepped up measures to cushion the financial blow of the pandemic, experts said.
Bourses in Shanghai, Hong Kong, Seoul closed up to 7 per cent higher.
Stock exchanges in Europe too rallied up to 5 per cent.
Meanwhile, the rupee appreciated 6 paise to 74.72 against US dollar intra-day.
Global oil benchmark, Brent crude futures rose over 8.18 per cent to USD 30.80 per barrel.
13:38 March 20
The 30-share BSE Sensex was trading 1800.50 points or 6.36 per cent, higher at 30,088.73 at 1:35 pm. Similarly, the broader NSE Nifty was 534.50 points or 6.47 per cent high 8,797.95 at 1:35 pm.
12:13 March 20
The 30-share BSE Sensex was trading 1004 points or 3.55 per cent, higher at 29,293.09 at 12:10 pm.
11:39 March 20
Reliance Industries shares bounce back after 4-day fall; jump over 6%
Shares of Reliance Industries bounced back on Friday rising by over 6 per cent, a day after Mukesh Ambani, his wife, and three children marginally raised their personal shareholding in RIL.
The scrip jumped 6.13 per cent to Rs 973.35 on the BSE at 11:40 am.
On the NSE, it gained 6.32 per cent to Rs 975.70 at 11:40 am.
RIL shares had dropped 17.14 per cent till Thursday in fourth consecutive session of fall.
Billionaire Mukesh Ambani, his wife, and three children have marginally raised their personal shareholding in Reliance Industries Ltd by acquiring some shares of another promoter group entity.
Overall, the promoter group shareholding in the oil-to-telecom conglomerate remains unchanged at 47.45 per cent, the company said in a regulatory filing.
10:16 March 20
Rupee recovers 34 paise to 74.78 against USD in early trade
The Indian rupee recovered 34 paise to trade at 74.78 against the US dollar in early deals on Friday following dollar selling by exporters.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.65 per cent to 102.08, helping the rupee trade higher.
The domestic unit had closed at 75.12 against the US currency on Thursday.
10:09 March 20
Top gainers and losers
IndusInd Bank was the top laggard in the Sensex pack, tanking up to 7 per cent, followed by HDFC twins, Kotak Bank, Bajaj Finance, ICICI Bank and Axis Bank.
On the other hand, ITC, PowerGrid, HUL, ONGC and Sun Pharma were among the gainers.
10:06 March 20
After spiking 573.07 points, the BSE barometer was trading 127 points or 0.45 per cent higher at 28,416.03 at 10 am.
In the previous session, the 30-share BSE index closed 581.28 points or 2.01 per cent lower at 28,288.23. The Nifty tumbled 205.35 points, or 2.42 per cent, to close at 8,263.45.
On a net basis, foreign institutional investors sold equities worth Rs 4,622.93 crore on Thursday, data available with stock exchanges showed.
Prime Minister Narendra Modi on Thursday announced setting up of a task force under Finance Minister Nirmala Sitharaman which will take necessary actions "in the near future" after analysing the coronavirus pandemic situation.
According to government sources, Finance Minister Nirmala Sitharaman will hold a meeting with MSME Minister Nitin Gadkari, Animal Husbandry Minister Giriraj Singh, Civil Aviation Minister Hardeep Singh Puri and Tourism Minister Prahlad Singh Patel on Friday to assess the situation in order to work out a package.
Calling for "resolve and restraint" to fight coronavirus, Modi asked the entire country to observe 'Janta curfew' on Sunday.
In a nearly 30-minute national broadcast, he asked people to stay indoors and work from home as much as possible while underscoring the dangers of coronavirus, saying the world has never seen a crisis as grave as this.
The huge oil bounty from the crude crash can be used for this, he said adding that PM's appeal is a curtain raiser for the concrete actions to follow soon.
Global market
World over, market sentiments improved as governments stepped up measures to cushion the financial blow of the pandemic, analysts said, adding that concerns over the rapid spread of the virus remained.
Bourses in Shanghai, Hong Kong, Seoul jumped up to 4 per cent, while Tokyo was in the red.
Stock exchanges on Wall Street too ended on a positive note.
Global oil benchmark, Brent crude futures rose over 2.04 per cent to USD 29.05 per barrel.
09:35 March 20
The 30-share BSE Sensex was trading 204 points, lower at 28,083.39. Similarly, the broader NSE Nifty was 29.25 points high at 8,292.70 at 9:33 am.
08:50 March 20
Market opening
Hyderabad: The 30-share BSE Sensex was trading 158 points, higher at 28,446. Similarly, the broader NSE Nifty was 68.65 points high at 8,332.10 in the opening session.
(Inputs from agencies)
TAGGED:
sensex
