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Sensex, Nifty Post Worst Weekly Loss Since 2009

Sensex, Nifty Post Worst Weekly Loss Since 2009
An employee looks at an index graph displaying Russian stock price fluctuations at the Moscow Exchange MICEX-RTS PJSC in Moscow, Russia. (Photographer: Andrey Rudakov/Bloomberg)
6 years ago
Sensex Today | Indian Markets Today | Financial Markets Today | Nifty Today | Catch all the live updates on share prices, index moves, corporate announcements share market news, share market live, sensex today, nifty bank, nifty option chain, nifty share price, financial markets in india and more on BloombergQuint.  

Coronavirus Adds To India’s Auto Slowdown As Sales Slump Further In February

Sun Pharma

  • Biggest one-day gain since 2011
  • Snaps five-day losing streak
  • To consider share buyback on March 17

Balkrishna Industries

  • Commences trial production of Carbon Black Project
  • Has capacity of 80,000 MT per annum at Gujarat Plant
  • Snaps six-day losing streak

HDFC Life

  • Open interest up 39 percent towards fresh longs
  • Volumes are 3 times its 20-day average

Welspun India

  • Biggest gainer in Nifty Small Cap Index
  • Biggest one-day gain in three months

  • Buy Bharti Infratel Futures around Rs 233 for target of Rs 260 and stop loss of Rs 225
  • Sell Jubilant Foodworks Futures around Rs 1,453 for target of Rs 1,360 and stop loss of Rs 1,477

Nifty Bank: March 19 Expiry

  • 26,000 Call: Premium rises 268 percent to Rs 510. The contract has added 36,660 shares in open interest.
  • 27,000 Call: Premium rises 369 percent to Rs 242.1. The contract has added 1.77 lakh shares in open interest.
  • 28,000 Call: Premium rises 406 percent to Rs 106.9. The contract has added 70,180 shares in open interest

RBI Steps In To Meet Any Additional Local Liquidity Needs

  • BPCL: About 12.6 lask shares changed hands in a large trade.
  • ONGC: About 10 lakh shares changed hands in a large trade.
  • Buyers and sellers were not known immediately.
    Source: Bloomberg

Indian markets continue to swing between gains and losses with the India Volatility Index holding above the mark of 50. Here are the latest trends:

  • Nifty 50 up 1.1 percent to 9,700
  • S&P BSE Sensex up 1.2 percent to 33,216
  • Nifty Bank up 2.9 percent to 24,659
  • Nifty Midcap up 0.76 percent to 3,804
  • Nifty Smallcap down 1.65 percent to 3,976
  • Nifty Auto, Nifty Metal, Nifty PSU bank & Nifty Realty trade with gains
  • India Volatility index up 34 percent at 55.14

Other key highlights from the CEA's statement:

  • Forex reserves adequate to cover number of months of imports, debt servicing
  • Other central banks have responded by cutting rates
  • Indian inflation data shows moderation; scope for RBI to consider these aspects
  • Government seriously considering all aspects of the emerging situation
  • Government & RBI will take a holistic view of the situation

Stay invested and keep adding to your equity mutual fund positions. I believe that today a panic bottom has been created, though a rebound could be slow as markets may consolidate. Valuations are attractive and should be an enabler.
S Krishna Kumar, CIO - Equity, Sundaram MF

It’s Time To Start Putting Cash To Work, Says Morgan Stanley’s Ridham Desai

Nifty Bank: March 19 Expiry

  • 23,500 Call: Premium rises 49 percent to Rs 1,039.90. The contract has shed 7,780 shares in open interest.
  • 25,000 Call: Premium rises 69.55 percent to Rs 558.15. The contract has added 26,760 shares in open interest.
  • 24,000 Call: Premium falls 65.52 percent to Rs 259.75. The contract has added 10,340 shares in open interest.

Shares of the private sector lender are down for the fifth straight day today. The stock fell as much as 30 percent intra-day, to stage its biggest ever fall to Rs 550 on the National Stock Exchange.

It currently trades 9.42 percent lower at Rs 705. The stock has fallen 35 percent over the last five days. 24,612 crore of its market cap has been eroded in the last five days.

The stock currently trades at an Relative Strength Index of 12, which is in oversold territory.

The positions of margin payments, margin utilisation, adequacy of collateral and the pay-in’s obligations being met by the clearing members (Brokers) are being continuously monitored. Similarly, the settlement and clearance of trades are also being constantly monitored.
SEBI Statement

World’s Richest Nearing $1 Trillion Wipeout in 2020 Rout

  • Nifty: Lowest since February 01, 2017
  • Sensex: Lowest since April 24, 2017
  • Nifty Bank: Lowest since April 21, 2017
  • Nifty Midcap: Lowest since June 24, 2016
  • Nifty Smallcap: Lowest since May 15, 2014

Indian Rupee Falls To Record Low Amid Virus Scare 

  • Sell Bharat Forge for target of Rs 350 and stop loss of Rs 380
  • Sell UPL for target of Rs 400 and stop loss of Rs 470

Coronavirus India Updates: First Death From Covid-19 Confirmed In India; Total Cases At 74

In an update to the exchanges, Parag Milk Foods ltd. has clarified that the promoters have repaid Rs 12.15 crore, which was 36 percent of the earlier outstanding loan.

The outstanding loan amount as of today stands at Rs 20.85 crore. The statement mentions that the outstanding amount will be repaid at the earliest and the entire lot of pledged shares will be released.

Tata Motors At Lowest In A Decade As Virus Stalls JLR’s Nascent Recovery

SBI Board Approves Rs 7,250-Crore Investment In Yes Bank

Find out all that you know in today’s trade HERE!

Trump’s Stock Market Now Worst Since Double-Recession George W. Bush

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