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Stock exchanges, clearing corporations, depositories ,stock brokers and sebi registered participants operating through these institutions will be exempted.
— CMO Maharashtra (@CMOMaharashtra) March 20, 2020
Railway travel operator IRCTC in an interaction with BloombergQuint said that it is likely to lose Rs 100 - 120 crore of turnover due to the cancellations resulting out of the Covid-19 impact.
Managing Director MP Mall said that the impact is likely to be felt in the first quarter of FY21. “Internet ticket sales have fallen by 25 percent,” Mall said, adding that business travel will recovery faster when compared with tourism travel.
The stock is locked in lower circuit for the fifth straight day today. It has fallen 51 percent from its 52-week high of Rs 1,995, made on February 25, 2020.
Nifty Bank: March 26 Expiry
Where work-from-home is not possible, offices will have to shut, says Maharashtra Chief Minister Uddhav Thackeray.
— BloombergQuint (@BloombergQuint) March 20, 2020
Catch all updates on #CoronavirusOutbreak here: https://t.co/kHpenyRccl pic.twitter.com/JbK1sAAmF5
We are in unchartered waters but as ‘One Family’ we will work together and make the necessary sacrifices to steer Apollo Tyres in the right direction, to overcome this period. We are experiencing slowing demand and disrupted supply chains due to COVID-19. We are working on further measures which we will provide updates on, as we make final decisions.Onkar Kanwar, Chairman & MD, Apollo Tyres
The stock had fallen 46 percent in the six straight days of declines.
The stock fell as much as 7.93 percent to Rs 824.55, the lowest level since July 2017.
Nifty Bank: March 26 Expiry
Shares of the integrated biotechnology player rose as much as 3.84 percent to Rs 262.60 on the National Stock Exchange.
The company received an Establishment Inspection Report (EIR) from the U.S. FDA for its Small Molecules API manufacturing unit in Bengaluru.
In a statement to the exchanges, the company said that the inspection was conducted between February 20 and 26. The U.S. FDA had issued two observations at the end of the inspection which were procedural in nature.
The company has mentioned that the EIR has been closed with a VAI (Voluntary Action Initiated) classification for these observations.
Benchmarks on Wall Street ended with gains on Thursday, with the NASDAQ outperforming with gains of 2.3 percent. The Dow Jones ended above the 20,000-mark.
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