Coronavirus Adds To India’s Auto Slowdown As Sales Slump Further In February
Sun Pharma
Balkrishna Industries
HDFC Life
Welspun India
Nifty Bank: March 19 Expiry
RBI Steps In To Meet Any Additional Local Liquidity Needs
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:
Other key highlights from the CEA's statement:
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
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
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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.
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Find out all that you know in today’s trade HERE!
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