In a volatile trade, domestic markets recovered from day's lows at the last hour of trade. Sensex&nbsp;closed 155 points lower while Nifty dropped 30 points holding on to 11,450. Despite fall, Sensex&nbsp;and Nifty posted its best September in 6 years.&nbsp;

In a volatile trade, domestic markets recovered from day's lows at the last hour of trade. Sensex closed 155 points lower while Nifty dropped 30 points holding on to 11,450. Despite fall, Sensex and Nifty posted its best September in 6 years.

The net worth of India&rsquo;s richest man Mukesh Ambani dropped 28% or $19 billion&nbsp;to ₹48 billion as on March 31 due to the massive correction in stock markets, a report said on Monday. His global ranking declined&nbsp;eight places to 17th, the Hurun Global Rich List said. The Indian market has corrected by 25% in the last two months as the economic costs and impact of the Covid-19 pandemic on companies led to a sell off across the world.

India&rsquo;s&nbsp;gold&nbsp;imports plunged more than 73% year-on-year in March to their lowest in more than 6 years. Record domestic prices and a lockdown to curb the spread of coronavirus squeezed retail demand, a government source told the Reuters. The world&rsquo;s second biggest consumer of the precious metal imported 25 tonnes of&nbsp;gold&nbsp;in March, down from 93.24 tonnes a year ago.
&nbsp;

Most Asian stock markets surged on Monday as death rate due to coronavirus&nbsp;outbreak slowed down in some of the worst-hit countries.&nbsp;In Japan, the Nikkei 225 index was 2.6% higher by midday. South Korea&rsquo;s Kospi index rose 2.4%. In Hong Kong, the Hang Seng index was up 1.2%. Taiwan&rsquo;s Taiex was up 0.9%.&nbsp;Australia's S&amp;P/ASX 200 surged 4.5%.

Tensions&nbsp;rose ahead of emergency meeting of&nbsp;OPEC&nbsp;as Saudi Arabia criticised Russia on Saturday, claiming Moscow had blamed the kingdom for the collapse in global energy prices. Oil prices fell after OPEC countries, including Russia, failed to agree to production cuts, triggering a price war that led to Saudi Arabia threatening to pump at a record-breaking pace to seize back market share even as the coronavirus pandemic saw demand sharply drop. The Brent crude fell to around $24 a barrel in early 2020, compared to prices of over $70 a year ago.&nbsp;

Indian equity markets ended lower on Friday due to heavy sell-off in financial sector stocks.
The Sensex&nbsp;fell 674 points to end at 27,590 and the Nifty ended the day below 8,100, falling over 2%.
Axis bank, IndusInd&nbsp;Bank, ICICI&nbsp;Bank, Titan and Shree&nbsp;Cement were the top five market losers. Whereas, Sun Pharma, Cipla, ITC, GAIL and ONGC&nbsp;were on the gaining side.
At 3:45 pm, the rupee was 23 paise&nbsp;higher at 76.06 against the US dollar.
&nbsp;

In a bid to curb insider trading, security market regulator, SEBI&nbsp;has reportedly prohibited promoters and insiders from buying company shares till June 30, as companies have been given extra time to report earnings with the stock exchanges. Companies have received additional time to submit their quarterly and annual results in view of the coronavirus crisis and the ongoing lockdown.

The Indian market witnessed a massive foreign capital outflow of ₹1.22&nbsp;lakh crore in March 2020, triggered by fears of a global recession amid the coronavirus lockdown and slump in economic activity. Foreign Institutional Investors (FII) pulled out&nbsp;last month after remaining net buyers for six consecutive months.&nbsp;The foreign investors are reducing their exposure in risky assets and moving to safe-havens such as the dollar and gold.

Indian stock markets opened in red on Monday tracking global peers. At 9:30 am, the Sensex&nbsp;was 370 points down and the Nifty fell 1.56% to 8,125.&nbsp;
IndusInd&nbsp;Bank, Kotak&nbsp;Bank, Hero Moto, Titan and BPCL&nbsp;were the top losers. While, Cipla, ONGC, Sun Pharma, Power Grid and Bajaj&nbsp;Finance were the top five gainers.
The Indian rupee was trading 38 paise&nbsp;high against the US dollar.

Moody's Investors Service on Thursday revised its outlook for Indian banking system to negative from stable, as it expects banks' asset quality to deteriorate due to disruption in economic activity from the coronavirus outbreak. Moody's report mentioned that a sharp decline in economic activity and a rise in&nbsp;unemployment will lead to a deterioration of household and corporate finances, which in turn will result in increased delinquencies.

Indian equity benchmarks fell more than 4% on Wednesday&nbsp;following weak Asian peers as coronavirus&nbsp;cases continue to rise.
The Sensex&nbsp;closed 1,200 points down and the Nifty fell 4% to end the trade at 8,253. Tech Mahindra, Kotak&nbsp;Mahindra&nbsp;Bank, Axis Bank, TCS and UPL were top five market draggers.
&nbsp;

Indian equities opened lower on Wednesday following weak Asian peers and Dow futures.
At 9:25 am, the Sensex&nbsp;was 348 points down at 29,120 and the NSE&nbsp;Nifty fell 1.29% to trade below 8,500.
Kotak&nbsp;Bank, ONGC, Adani&nbsp;Ports, BPCL and Tech Mahindra&nbsp;were the top losers. Whereas, IndusInd&nbsp;Bank, Britannia, Cipla, Nestle and Hindustan Unilever were the top five gainers.&nbsp;

Asian stock markets fell on Wednesday as investors contemplating the prospect of lengthy lockdowns as the coronavirus continues its deadly sweep across the planet. Tokyo&rsquo;s Nikkei 225 index fell 4.5% on Wednesday, and the Kospi index in South Korea fell 3.9%. The Hang Seng index in Hong Kong dropped 2.2%. The Shanghai Composite index in mainland China fell 0.6%.

US President Donald Trump on Tuesday said he was ready to help resolve an escalating oil price war between Russia and Saudi Arabia that has helped push crude benchmarks to 17-year lows. The threat of a global recession triggered by the coronavirus pandemic had already hammered prices when Riyadh said last month it would raise exports after a production-cut agreement among top producers flopped in early March.

Indian equity markets closed Tuesday with strong gains following Asian peers as investor sentiment turned positive after China reported rebound in manufacturing data.
The Sensex&nbsp;closed over a thousand points high at 29,468 and Nifty surged 3.82% to close the day near 8,600.
BPCL, Britannia, GAIL, ONGC&nbsp;and UPL were the top Nifty gainers.&nbsp;

The government on Tuesday sharply cut interest rates on small savings scheme by up to 1.4% for April-June quarter after the RBI reduced repo rate to its lowest since 2004. As per the revised rates, the PPF&nbsp;will fetch an interest rate of 7.1%, down from 7.9% earlier.&nbsp;The government slashed the National Savings Certificate (NSC) rate from 7.9% to 6.8%. The rate on Kisan Vikas Patra has been slashed from 7.6% earlier to 6.9%.
&nbsp;

Equities on Tuesday opened&nbsp;higher&nbsp;following positive global cues. At 9:20 am, the Sensex&nbsp;was 493 points in green at 28,933 and the NSE Nifty rose 1.92% to trade at 8,440.
Hindalco, Vedanta, JSW&nbsp;Steel, Tata&nbsp;Steel and BPCL&nbsp;were the top Nifty movers. Metal stocks were the biggest gainers as the Nifty Metal surged close to 3.5%.
The Indian rupee was also trading 11 paise&nbsp;higher at 75.48 against the greenback.

Indian stock markets plunged on Monday following weak global markets due to rising coronavirus&nbsp;cases. The BSE&nbsp;Sensex&nbsp;ended the day 1,375 points down at 28,440 and the broader Nifty closed the trade after falling 4.38%.
Bajaj&nbsp;Finance, HDFC, Kotak&nbsp;Bank,&nbsp;HDFC&nbsp;Bank and Tata&nbsp;Steel were the top five Nifty losers. At 4 pm, the rupee was trading almost a per cent lower at 75.57 against the US dollar.

Indian equities opened lower on Monday after four green sessions&nbsp;as fears mounted that the global shutdown for the coronavirus could last for months.
At 9:30 am, the Sensex&nbsp;was over 800 points down at 29,000 and Nifty tumbled 3.11% to trade below 8,400.
Bajaj&nbsp;Finance, M&amp;M, Eicher&nbsp;Motor, JSW&nbsp;Steel and Bajaj&nbsp;Finserv&nbsp;were the top five Nifty draggers. While, only Cipla, TCS, GAIL, Axis Bank and Tech mahindra were in green.
The rupee was 26 paise&nbsp;down at 75.12 against the US Dollar.

State-run Bank of Baroda has cut its repo-linked-lending rate by 75 basis points with effect from March 28.&nbsp;This is&nbsp;in line with the reduction on RBI's repo rate by 75 bps last week.&nbsp;The revised rate&nbsp;for all retail loans and loans to MSMEs&nbsp;has been reduced to 7.25%.

In a major relief for its customers, the State Bank of India on Friday said that it would pass on the entire 75 basis point rate cut to its retail borrowers.&nbsp;The bank said in a statement that its external benchmark linked lending rate and repo linked lending rate now stands at 7.05% and 6.65%, respectively. These new rates will be effective April 1, SBI said.

Markets post best September in six years despite fall

editorji

follow us

download editorji app

home > markets > Markets post best September in six years despite fall

replay trump newslist

up NEXT IN 5 SECONDS sports newslist

NaN/0

share this news

explore newslists

International

Lifestyle

Hollywood

Sports

Viral

Tech

National

Showbiz

Travel

Local

Markets

Apr 06, 2020 15:36 IST

Apr 06, 2020 13:56 IST

Apr 06, 2020 13:44 IST

Apr 04, 2020 15:20 IST

Apr 03, 2020 16:46 IST

Apr 03, 2020 12:30 IST

Apr 03, 2020 11:10 IST

Apr 03, 2020 10:50 IST

Apr 02, 2020 16:50 IST

Apr 01, 2020 17:10 IST

Apr 01, 2020 16:30 IST

Apr 01, 2020 16:30 IST

Apr 01, 2020 16:10 IST

Apr 01, 2020 12:10 IST

Apr 01, 2020 11:10 IST

Mar 31, 2020 10:10 IST

Mar 30, 2020 20:20 IST

Mar 30, 2020 20:20 IST

Mar 30, 2020 20:20 IST

Mar 28, 2020 11:40 IST

follow editorji

download editorji

editorji

About Us

Reach us

Navigate