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Sectoral Indices
Indian equity markets ended a volatile session mixed, after fluctuating for most parts of the day between gains and losses. Benchmarks turned volatile after the Monetary Policy Committee cut repo rate by 75 basis points, reverse repo by 90 basis points and CRR by 100 basis points.
The S&P BSE Sensex snapped a three-day winning streak to end 0.44 percent lower at 29,815. The index was down 0.34 percent this week, recovering most of Monday's 13 percent fall.
The NSE Nifty 50 managed to eke out minor gains, ending higher for the fourth straight day. The index closed 0.22 percent higher at 8,660. The index posted a weekly drop of 1 percent.
Both the Sensex and Nifty reported their sixth straight weekly loss, the longest weekly losing streak since July 2008.
Among Sectoral Indices, the Nifty Auto, Nifty Media and Nifty Realty index ended with losses while the rest eked out minor gains.
996 stocks ended the session with gains while 786 stocks ended with losses.
Helios Capital's @Iamsamirarora is not jumping the gun to invest after Indian markets gained for the fourth day in a row.
— BloombergQuint (@BloombergQuint) March 27, 2020
Read: https://t.co/v0ho9Q2OBl pic.twitter.com/hXUmZ8kMqB
The stock currently trades 0.5 percent lower at Rs 70.40 on the National Stock Exchange.
Nifty Bank: April 1 Expiry
Some of the key highlights from the Bernstein note are:
SBI Chairman Rajnish Kumar on loan moratorium.
— BloombergQuint (@BloombergQuint) March 27, 2020
Also read: https://t.co/vU5RK2v2FE pic.twitter.com/8e0nTXWn1x
Shares of the sugar company are locked in an upper circuit of 10 percent for the second straight day. Shares are up for the third day in a row.
The company in a statement on Thursday said that ICICI Bank has invested a sum of Rs 51 crore to acquire a 9.9 percent stake in its NBFC arm Auxilo Finserv.
The stock has seen its best three-day returns since October 2018.
Shares of the private lender are up for the third straight day today.
The stock has seen a rise of 27 percent in the last three session alone, after Monday’s 28 percent plunge, which was its worst single-day drop in history.
It now trades higher by 13 percent, after gaining as much as 20 percent earlier. This is the biggest one-day move seen by the stock since 2013.
BlackRock’s Fink Says Now Is the Time to Get Back Into Equities
Comprehensive package from the #RBI; addresses multiple challenges, says HDFC's Keki Mistry.
— BloombergQuint (@BloombergQuint) March 27, 2020
Watch: https://t.co/V3B3kKjQhV
Read: https://t.co/j0gsB5De8P pic.twitter.com/LNJwJcya7D
Also welcome @RBI governor @DasShaktikanta’s statement: “The macro economic fundamentals of the Indian economy are sound, and in fact stronger than what they were in the aftermath of the global financial crisis of 2008-09.” And his timely reminder to #StayCleanStaySafeGoDigital.
— Nirmala Sitharaman (@nsitharaman) March 27, 2020
Nifty Bank: April 1 Expiry
Share prices have fallen 50 percent from its 52-week high of Rs 145.85 in July 2019.
Shares fell as much as 10 percent to Rs 255.40 after rising as much as 9.2 percent to Rs 310 on the National Stock Exchange.
Prices have recovered from the day's low to trade 0.3 percent lower at Rs 475.85.
India’s Monetary Panel Finalizes Steps to Boost Economy
Coronavirus India Updates: Total Covid-19 Cases Reach 694 Amid Lockdown, 16 Dead
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