19:57 March 09
As markets crash, India Inc says volatility short-lived as economy rests on strong fundamentals
As stock exchanges suffered their worst-ever single-day fall, India Inc said the volatility is short-lived and the markets are expected to stabilise as the country's economy rests on strong fundamentals, comments that may soothe the nerves of jittery investors.
Assocham Secretary General Deepak Sood said the panic in the financial markets owing to a massive fall in the crude oil prices does not affect India's macroeconomic picture and on the contrary, low fuel prices would help the country.
18:17 March 09
Rupee slips past 74/USD on weak equities, coronavirus-led slowdown fears
The rupee slipped past the 74-level against the US dollar to settle at 74.14 (provisional), down 27 paise tracking heavy selling in domestic equity market amid rising concerns over coronavirus-led economic slowdown.
Forex traders said the rupee depreciated versus major trading currencies as a collapse in oil prices added to risk off sentiment caused by relentless spread of coronavirus across the globe.
At the interbank foreign exchange market, the local currency opened at 73.99. During the day, it saw a high of 73.85 and a low of 74.17.
The Indian currency finally settled at 74.14, lower by 27 paise against its previous close.
15:33 March 09
Sensex, Nifty post biggest one-day fall ever in absolute terms
Market benchmark Sensex plummeted over 1,941 points on Monday, wiping off investor wealth worth around 7 lakh crore, following global market meltdown triggered by rapidly-spreading coronavirus and free fall in oil prices.
After sinking over 2,467 points during the day, the 30-share index settled 1,941.67 points or 5.17 per cent lower at 35,634.95, the lowest level in about 13 months. Likewise, the broader NSE Nifty slumped 538 points or 4.90 per cent to close at 10,451.45.
ONGC was the top loser in the Sensex pack, cracking over 16 per cent, followed Reliance Industries, IndusInd Bank, Tata Steel, TCS, SBI, ICICI Bank and Bajaj Auto.
Heavyweight Reliance Industries shed over 12 per cent.
Shares of SBI plunged over 6 per cent after it said it will pick up a 49 per cent stake in Yes Bank for Rs 2,450 crore.
Yes Bank, on the other hand, rallied over 31 per cent.
Here is the list of 5 biggest single day falls in the stock market.
| Date | Points |
| 9 March 2020 | -1,941.67 |
| 24 August 2015 | -1,624.51 |
| 28 February 2020 | -1,448.37 |
| 21 January 2008 | -1,408.35 |
| 24 October 2008 | -1,070.63 |
13:54 March 09
RIL logs worst fall in 10 years
Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.
13:04 March 09
Sensex nosedives over 2,000 points
Equity benchmark Sensex plummeted over 2,000 points at 1:03 pm on Monday led by deepening rout in global markets amid rapidly-spreading coronavirus and sinking crude prices.
At 1:15 pm, the BSE S&P Sensex was down by 2,345 points or 6.24 per cent to 35,231 while the Nifty 50 plunged by 632 points or 5.75 per cent at 10,357.
All sectoral indices at the National Stock Exchange were in the red with Nifty metal down by 6.7 per cent, IT by 4.8 per cent, PSU bank by 4.6 per cent, and realty by 4.1 per cent.
12:34 March 09
Yes Bank shares zoom over 30%
Shares of Yes Bank on Monday zoomed over 30 per cent after State Bank of India (SBI) said it will pick up 49 per cent stake in the cash-strapped lender for Rs 2,450 crore.
The scrip witnessed a sharp rise, spiking 29.63 per cent to Rs 21 on the BSE.
On the NSE, it jumped 32.20 per cent to Rs 21.35.
12:00 March 09
Nearly Rs 5 lakh cr investor wealth wiped off in early trade as markets plunge
Investor wealth plummeted by nearly Rs 5 lakh crore in early trade as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak.
Market capitalisation (m-cap) of BSE-listed companies saw a massive decline after the 30-share index plunged 1515.01 points, or 4.03 per cent, to 36,061.61. The NSE Nifty too cracked 417.05 points, or 3.80 per cent, to 10,572.40.
The carnage in the equity market wiped out investor wealth worth Rs 4,79,820.87 crore, taking the total m-cap to Rs 1,39,39,640.96 crore on the BSE.
11:59 March 09
Rupee slips below 74/USD level in early trade amid mounting fears of coronavirus-led slowdown
The Indian rupee continued its downward journey on Monday, sliding another 16 paise to 74.03 against the US dollar in opening trade, tracking weak opening in domestic equities amid mounting fears of a coronavirus-led economic slowdown.
Forex traders said weak opening in domestic equities and foreign fund outflows dragged the local unit.
Though weakening of the American currency in the overseas market and easing crude oil prices supported the rupee, but traders believe there is mounting fears of recession in major economies due to the coronavirus outbreak and this could weigh on the local unit.
The rupee opened weak at 73.99 at the interbank forex market and then fell further to 74.03, down 16 paise over its last close.
The rupee had settled at 73.87 against the US dollar on Friday.
09:25 March 09
Sensex nosedives over 1,500 pts on global equity rout, sinking oil prices
Mumbai: Equity benchmark Sensex plummeted over 1,500 points in opening session on Monday led by deepening rout in global markets amid rapidly-spreading coronavirus and sinking crude prices.
Global oil benchmark Brent crude futures plunged nearly 30 per cent to USD 32.11 per barrel after top exporter Saudi Arabia launched a price war in response to a failure by leading producers to strike a deal to support energy markets.
Continuing its downward spiral, the 30-share index was plunged 1515.01 points, or 4.03 per cent, to 36,061.61. The NSE Nifty too cracked 417.05 points, or 3.80 per cent, to 10,572.40.
In the previous session, the 30-share BSE barometer settled 893.99 points or 2.32 per cent lower at 37,576.62. Likewise, the Nifty tanked 279.55 points or 2.48 per cent to close at 10,989.45.
On a net basis, foreign institutional investors sold equities worth Rs 3,594.84 crore, while domestic institutional investors bought shares worth Rs 2,543.78 crore on Friday, data available with stock exchanges showed.
ONGC was the top laggard in the Sensex pack, nosediving up to 11 per cent, followed by IndusInd Bank, RIL, PowerGrid, Tata Steel, L&T, SBI and Tech Mahindra. Sun Pharma was the sole gainer.
According to traders, investor sentiment took fresh beating as oil prices plunged nearly 30 per cent, adding to the heightened volatility in global markets amid concerns over the rapidly-spreading coronavirus.
Incessant foreign fund outflow also spooked market participants, traders said.
Bourses in Shanghai dropped over 2.41 per cent, Hong Kong 3.53 per cent, Seoul 3.89 per cent and Tokyo cracked up to 5.65 per cent.
Global crude prices tanked after Saudi Arabia on Monday cut its price for April delivery by USD 4-6 a barrel to Asia and USD 7 to the United States, with Aramco selling its Arabian Light at an unprecedented USD 10.25 a barrel less than Brent to Europe, reports said.
Back home, the Yes Bank crisis has raise concerns over the stability of the country's banking system, adding to the woes of domestic investors, traders said.
The rupee, meanwhile, was trading flat at 73.89 against the US dollar in morning session.
Read:| Not allowed to speak as I don't know Marathi: National bravery award winner
19:57 March 09
As markets crash, India Inc says volatility short-lived as economy rests on strong fundamentals
As stock exchanges suffered their worst-ever single-day fall, India Inc said the volatility is short-lived and the markets are expected to stabilise as the country's economy rests on strong fundamentals, comments that may soothe the nerves of jittery investors.
Assocham Secretary General Deepak Sood said the panic in the financial markets owing to a massive fall in the crude oil prices does not affect India's macroeconomic picture and on the contrary, low fuel prices would help the country.
18:17 March 09
Rupee slips past 74/USD on weak equities, coronavirus-led slowdown fears
The rupee slipped past the 74-level against the US dollar to settle at 74.14 (provisional), down 27 paise tracking heavy selling in domestic equity market amid rising concerns over coronavirus-led economic slowdown.
Forex traders said the rupee depreciated versus major trading currencies as a collapse in oil prices added to risk off sentiment caused by relentless spread of coronavirus across the globe.
At the interbank foreign exchange market, the local currency opened at 73.99. During the day, it saw a high of 73.85 and a low of 74.17.
The Indian currency finally settled at 74.14, lower by 27 paise against its previous close.
15:33 March 09
Sensex, Nifty post biggest one-day fall ever in absolute terms
Market benchmark Sensex plummeted over 1,941 points on Monday, wiping off investor wealth worth around 7 lakh crore, following global market meltdown triggered by rapidly-spreading coronavirus and free fall in oil prices.
After sinking over 2,467 points during the day, the 30-share index settled 1,941.67 points or 5.17 per cent lower at 35,634.95, the lowest level in about 13 months. Likewise, the broader NSE Nifty slumped 538 points or 4.90 per cent to close at 10,451.45.
ONGC was the top loser in the Sensex pack, cracking over 16 per cent, followed Reliance Industries, IndusInd Bank, Tata Steel, TCS, SBI, ICICI Bank and Bajaj Auto.
Heavyweight Reliance Industries shed over 12 per cent.
Shares of SBI plunged over 6 per cent after it said it will pick up a 49 per cent stake in Yes Bank for Rs 2,450 crore.
Yes Bank, on the other hand, rallied over 31 per cent.
Here is the list of 5 biggest single day falls in the stock market.
| Date | Points |
| 9 March 2020 | -1,941.67 |
| 24 August 2015 | -1,624.51 |
| 28 February 2020 | -1,448.37 |
| 21 January 2008 | -1,408.35 |
| 24 October 2008 | -1,070.63 |
13:54 March 09
RIL logs worst fall in 10 years
Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.
13:04 March 09
Sensex nosedives over 2,000 points
Equity benchmark Sensex plummeted over 2,000 points at 1:03 pm on Monday led by deepening rout in global markets amid rapidly-spreading coronavirus and sinking crude prices.
At 1:15 pm, the BSE S&P Sensex was down by 2,345 points or 6.24 per cent to 35,231 while the Nifty 50 plunged by 632 points or 5.75 per cent at 10,357.
All sectoral indices at the National Stock Exchange were in the red with Nifty metal down by 6.7 per cent, IT by 4.8 per cent, PSU bank by 4.6 per cent, and realty by 4.1 per cent.
12:34 March 09
Yes Bank shares zoom over 30%
Shares of Yes Bank on Monday zoomed over 30 per cent after State Bank of India (SBI) said it will pick up 49 per cent stake in the cash-strapped lender for Rs 2,450 crore.
The scrip witnessed a sharp rise, spiking 29.63 per cent to Rs 21 on the BSE.
On the NSE, it jumped 32.20 per cent to Rs 21.35.
12:00 March 09
Nearly Rs 5 lakh cr investor wealth wiped off in early trade as markets plunge
Investor wealth plummeted by nearly Rs 5 lakh crore in early trade as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak.
Market capitalisation (m-cap) of BSE-listed companies saw a massive decline after the 30-share index plunged 1515.01 points, or 4.03 per cent, to 36,061.61. The NSE Nifty too cracked 417.05 points, or 3.80 per cent, to 10,572.40.
The carnage in the equity market wiped out investor wealth worth Rs 4,79,820.87 crore, taking the total m-cap to Rs 1,39,39,640.96 crore on the BSE.
11:59 March 09
Rupee slips below 74/USD level in early trade amid mounting fears of coronavirus-led slowdown
The Indian rupee continued its downward journey on Monday, sliding another 16 paise to 74.03 against the US dollar in opening trade, tracking weak opening in domestic equities amid mounting fears of a coronavirus-led economic slowdown.
Forex traders said weak opening in domestic equities and foreign fund outflows dragged the local unit.
Though weakening of the American currency in the overseas market and easing crude oil prices supported the rupee, but traders believe there is mounting fears of recession in major economies due to the coronavirus outbreak and this could weigh on the local unit.
The rupee opened weak at 73.99 at the interbank forex market and then fell further to 74.03, down 16 paise over its last close.
The rupee had settled at 73.87 against the US dollar on Friday.
09:25 March 09
Sensex nosedives over 1,500 pts on global equity rout, sinking oil prices
Mumbai: Equity benchmark Sensex plummeted over 1,500 points in opening session on Monday led by deepening rout in global markets amid rapidly-spreading coronavirus and sinking crude prices.
Global oil benchmark Brent crude futures plunged nearly 30 per cent to USD 32.11 per barrel after top exporter Saudi Arabia launched a price war in response to a failure by leading producers to strike a deal to support energy markets.
Continuing its downward spiral, the 30-share index was plunged 1515.01 points, or 4.03 per cent, to 36,061.61. The NSE Nifty too cracked 417.05 points, or 3.80 per cent, to 10,572.40.
In the previous session, the 30-share BSE barometer settled 893.99 points or 2.32 per cent lower at 37,576.62. Likewise, the Nifty tanked 279.55 points or 2.48 per cent to close at 10,989.45.
On a net basis, foreign institutional investors sold equities worth Rs 3,594.84 crore, while domestic institutional investors bought shares worth Rs 2,543.78 crore on Friday, data available with stock exchanges showed.
ONGC was the top laggard in the Sensex pack, nosediving up to 11 per cent, followed by IndusInd Bank, RIL, PowerGrid, Tata Steel, L&T, SBI and Tech Mahindra. Sun Pharma was the sole gainer.
According to traders, investor sentiment took fresh beating as oil prices plunged nearly 30 per cent, adding to the heightened volatility in global markets amid concerns over the rapidly-spreading coronavirus.
Incessant foreign fund outflow also spooked market participants, traders said.
Bourses in Shanghai dropped over 2.41 per cent, Hong Kong 3.53 per cent, Seoul 3.89 per cent and Tokyo cracked up to 5.65 per cent.
Global crude prices tanked after Saudi Arabia on Monday cut its price for April delivery by USD 4-6 a barrel to Asia and USD 7 to the United States, with Aramco selling its Arabian Light at an unprecedented USD 10.25 a barrel less than Brent to Europe, reports said.
Back home, the Yes Bank crisis has raise concerns over the stability of the country's banking system, adding to the woes of domestic investors, traders said.
The rupee, meanwhile, was trading flat at 73.89 against the US dollar in morning session.
Read:| Not allowed to speak as I don't know Marathi: National bravery award winner
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