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These are the stocks that are abuzz in the dealing room chatter:
Nifty Bank: March 12 Expiry
In Charts: Nifty’s Descent Into Bear Territory
36.5 lakh shares of the upstream oil explorer changed hands in a large trade on the National Stock Exchange, as per Bloomberg data. Buyers and sellers were not immediately known.
The stock currently trades 6.9 percent lower at Rs 66.75. This is the lowest level for the stock since July 01, 2004.
Indian Rupee Moves Towards Record Low Amid Local Spread Of Coronavirus
Nifty Bank: March 12 Expiry
Stocks That Are Defying The Rout In Indian Markets
IndiGo Sees Impact On Earnings Due To Coronavirus-Led Disruption
.@MorganStanley's Ridham Desai (@rndx1) says sentiment and valuation indicators are in the strong buy zone for India.
— BloombergQuint (@BloombergQuint) March 12, 2020
Read: https://t.co/QtlrisMN8A pic.twitter.com/q16e8b2rvw
The non-disposal undertaking of pledged shares was revoked. Promoters of the bank had pledged 3.43 percent stake in favour of Citibank.
Indian Rupee Moves Towards Record Low Amid Local Spread Of Coronavirus
The idea that this is about people and not trade is a misnomer. This is about trade because if people aren’t going out and travelling or buying, they are looking at losses. We are a 75 percent consumer economy and people are looking at their retirement funds and savings going down 20-25 percent in a very short time. It’s frightening.Seth Freeman, Glassratner Advisory & Group
The first two cases of the Coronavirus in Mumbai were also detected on Wednesday. Catch all the live updates HERE!
Find out about all that you need to know in today’s trade HERE!
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