Stock Market Live Update 03rd March:
All the 11 Nifty sectoral indices were trading in deep sea of red. Nifty Bank index was down 10 per cent or 2600 points dragged by IDFC First Bank, Yes Bank and Bank of Baroda.
13:51 PM: ADB to give $200 million to companies manufacturing products to combat coronavirus
India’s largest domestic carrier IndiGo, run by InterGlobe Aviation, has said that the threat of novel coronavirus outbreak, which was modest in January and February, has begun to affect bookings more in recent days which could impact March quarter earnings.
10:43 AM: Asian equities fall further
Losses in Asian equity markets deepened, with the Nikkei 225 down 5.2% while the broader Topix index fell nearly 5%. South Korea’s Kospi slumped 5.2%.
10:39 AM: RIL down nearly 6%
Shares of index heavyweight Reliance Industries Limited were down 5.8% at ₹1,086.30 a piece on the BSE, after touching a day’s low of ₹1,049.50.
Domestic equity market benchmarks Sensex and Nifty crashed in the opening session on Thursday as the World Health Organisation (WHO) declared coronavirus outbreak a global pandemic. S&P BSE Sensex slipped below 34,000- mark, tumbled over 1,700 points to trade at 33,876, while Nifty 50 breached 10,000-mark and was trading 483 points lower at 9,974.
All 30 Sensex stocks were trading in a deep sea of red. ONGC was the top Sensex loser, down over 9 per cent to Rs 65, followed by RIL, Tata Steel, SBI and Axis Bank.
