Stock Market Live Updates March 16:
16:40 PM: RBI to launch another round of long-term repo operations worth Rs 1 lakh cr in June: Das
16:36 PM: RBI Guv: Sectors such as tourism, airlines, hospitality industry and domestic trade&transporters are suffering a loss of activity due to COVID19
16:34 PM: RBI Governor Shaktikanta Das: Health of banks, including small private-sector lenders, is good; Yes Bank is under a robust revival plan
16:31 PM: RBI Governor Shaktikanta Das: India not immune to COVID19 pandemic, trade channels to be affected
Governor Shaktikanta Das: India is not immune to this pandemic, already more than 100 cases have been reported. Effort are being mounted by the govt on war-footing. COVID19 could impact India directly through trade channels, in which exposure to China is really high.
16:27 PM: RBI Governor Shaktikanta Das says swift action has been taken by govt and central bank to resolve Yes Bank crisis
04:01 PM: MARKET AT CLOSE | All 30 constituents of Sensex end in the red
03:38 PM: Closing Bell | The S&P BSE Sensex nosedived 2713 points or nearly 8 per cent to 31,390 levels while NSE’s Nifty ended at 9,199, down 756 points or 7.6 per cent.
13:06 PM: Future Retail hits over 3-year low; stock tanks 46% in four days
12:43 PM: RBI Governor to address media at 4 PM today: CNBC TV18
Shares Phoenix Mills fell 15 per cent on March 16 after the CLSA downgraded the stock to underperform from buy with a target of Rs 850 per share.
11:38 AM: Covid-19 impact: Emkay Global on gems and jewellery sector
11:41 PM: BSE500 stocks that hit a 52-week low today
10:40 AM: Nifty Bank index falls over 1,400 pts
10:34 AM: YES Bank extends gain, up over 50% now
10:25 AM: SBI Cards lists 12% below the issue price of Rs 755; recovers later
The uncertainty regarding the effect of the coronavirus epidemic continued to keep investor sentiment in check even though the US Federal Reserve cut interest rates to near-zero on Sunday in another emergency move to help shore up the US economy amid the rapidly escalating global coronavirus pandemic.
The S&P BSE Sensex was down 1,420 points, or 4.17 per cent, at 32,680 levels. Index-heavyweight HDFC slipped over 7 per cent after leading Friday’s rebound rally. State Bank of India was also down over 6 per cent after Friday’s 13 per cent up move. IndusInd Bank was down over 8 per cent.
Meanwhile, YES Bank surged over 50 per cent to as much as 40.40 per cent on the NSE in a weak market despite reporting a net loss of Rs 18,564.24 crore for the Q3FY20 quarter.
02:46 PM: NMDC cuts prices: The company has cut prices of lump ore & fines by Rs 50 per tonne each to Rs 3,150 and fines to Rs 2,860 per tonne respectively.