Stock Market Live Updates March 18:
15:43 PM: Closing Bell rings, Sensex fell 1,800 points to trade near 28,613.05 and Nifty50 fell 550 points lower to 8,450 level
With few minutes left for closing, indices dropped majorly to trade near day’s lows on Wednesday, tracking negative trend from European indices that opened 4% lower in red territory.
10:29 AM: Japan’s Abe to launch panel to mull big stimulus package
Japanese Prime Minister Shinzo Abe will form a panel of key economic ministers and Bank of Japan Governor Haruhiko Kuroda to discuss measures to prop up an economy hit by the fallout from the coronavirus epidemic, a government official with direct knowledge of the matter said.
10:21 AM: Sensex, Nifty in fluctuation as virus fears linger; Yes Bank zooms
Shares swung between gains and losses on Wednesday, as investors weighed new headlines on the fallout of the coronavirus against hopes of a policy stimulus to combat the outbreak.
10:05 AM: Sensex down 500 points
Sensex was below 515.13 points or 1.68 per cent down at 30,063.96 while the Nifty down 112.50 points or 1.25 per cent at 8,854.55 at 10 AM.
After opening on a positive note, Sensex was down 293.83 points or 0.96 per cent down at 30,285.26 at 9.53 AM. Nifty was 52.30 points or 0.58 per cent down at 8,914.75.
At 09:17 AM, the Sensex is up 501.46 points or 1.64 per cent at 31080.55, and the Nifty up 148.70 points or 1.66% at 9115.75.
Yes Bank, Glenmark Pharma, Zee Entertainment, IndusInd Bank, Bharti Infratel, Sun Pharma, Vedanta, Tata Steel, JSW Steel, Titan and UPL are among major gainers on the Indices, while losers are PVR, Kotak Mahindra Bank and Axis Bank.
