Stock Market Live Updates:
03:36 PM: Closing bell rang for the stock market
The S&P BSE Sensex tanked 1,448 points or 3.64 per cent to settle at 38,297 levels while NSE’s Nifty50 index ended at 11,219, down 414 points or 3.56 per cent.
03:03 PM: Sensex down by 1,500 pts
02:55 PM: Nifty down over 400 pts
| COMPANY | LATEST | PREV CLOSE | LOSS(%) |
|---|---|---|---|
| FUTURE CONSUMER | 12.35 | 15.40 | -19.81 |
| ALLAHABAD BANK | 11.30 | 12.95 | -12.74 |
| POWER FIN.CORPN. | 109.30 | 125.05 | -12.59 |
| GMR INFRA. | 20.00 | 22.85 | -12.47 |
| DISH TV | 8.33 | 9.47 | -12.04 |
02:31 PM: Fear index jumps 27%
02:13 PM: Bandhan Bank stock nears all-time low, slips 27%
01:58 PM: Use market meltdown to buy fundamentally sound large-caps
As of now, the Indian market seems quite insulated from the health care, as there have not been any serious cases of coronavirus here. That said, in case the virus does hit India, it will be a huge setback. The virus has already spread to 44 countries.
01:26 PM: Top 5 gainers on the BSE at this hour
01:16 PM: NEWS ALERT | DCC meeting on telecom sector concludes; no decision yet: CNBC TV18
12:48 PM: Nifty Metal index set for biggest weekly fall since October 2008
12:17 PM: Broader markets underperform benchmarks
12:06 PM: Rupee Alert | Currency trading near 6-month low
11:12 AM: Sebi wants Mutual Funds to be agile in stress events, warns industry on mis-selling
10:57 AM: Bloodbath on Dalal Street erodes nearly Rs 5 trillion investor wealth
Domestic investor wealth plummeted by nearly Rs 5 trillion on Friday as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak. Market capitalisation (m-cap) of BSE-listed companies saw a massive decline after the 30-share index sank 1,100.27 points, or 2.77 per cent, to 38,645.39, and the NSE Nifty cracked 329.50 points, or 2.83 per cent, to 11,303.80.
10:49 AM: MARKET OUTLOOK :: S&P Global Platts
The rolling geographic nature of the virus’s spread means its duration could be extended into the second quarter. Global oil demand is estimated to grow 0.86 million barrels per day (MMB/D) in 2020, lowered by a massive 0.47 MMB/D vs last month.
10:40 AM: Nifty IT index tumbles over 4%; Mindtree, Tech Mahindra among top losers
Global share prices heads for the worst week since the darkest days of the world financial crisis of 2008 is set to become a reality as investors braced for the coronavirus to become a pandemic and rapidly spreading around the world.
The S&P BSE Sensex has gone down by 1,1111 points, or 2.8 per cent, at 38,630 levels after opening at over five-month low. Tech Mahindra (down 5%), Tata Steel, Tata Finance, and HCL Tech (all down 4%) were the top losers in the Sensex pack. All the constituents of the 30-pack index were in the red.
The broader Nifty50 index plunged 325 points, or 2.8 per cent, to 11,308 levels. All the Nifty sectoral indices were painted red. Nifty Metal, Nifty IT, and Nifty Realty indexes were trading with over 3 per cent cut each.
In the broader market, the S&P BSE MidCap index slid 426 points, or 2.83 per cent, and the S&P BSE SmallCap index was down 408 points, or 2.87 per cent.
