Market at close on Tuesday##Market at close on Tuesday

1. Frontline indices end with gains of 1-3 percent after a volatile trading session

2. Nifty gains 191 points to close at 7,801 while Sensex ended 693 points higher at 26,674

3. Midcap index ended 120 points higher at 11,110 while the Nifty Bank ended 190 points at 17,000 levels

4. Except realty, all sectoral indices closed in the green; IT remained the best-performing amongst its peers

5. Infosys gained 12 percent to record the biggest 1-day gain in 7 years post SEC clearance

6. Infosys and RIL contributed 50 percent to Nifty's gains

7. IndusInd Bank closed 6 percent lower after a trading range of over 50 percent

8. Adani Ports, Britannia, Bajaj Finance and HUL amongst top Nifty gainers

9. Grasim, M&M, IndusInd Bank, Zee Entertainment slipped in-trade

10. NIIT Technologies, Escorts, HDFC Life, Aurobindo remained top F&O gainers

Mar 24, 2020 3:50 PM

Market gives up minor gains as FM says relief package still underway##Market gives up minor gains as FM says relief package still underway

Mar 24, 2020 3:15 PM

FM relaxed board meetings by 60 days for the next 2 quarters##FM relaxed board meetings by 60 days for the next 2 quarters

The FM also announced that the applicability of companies' auditor's report order 2020 which was supposed to come into force for FY20 will now only be effective from FY21.

For FY20, if independent directors have not been able to hold even one meeting, it will not be seen as a violation, she added.

Additional 6 months time to file declaration for commencement of business for newly incorporated companies. Requirement to create deposit reserve of 20 percent of deposits by April can now also be complied with by June 30, 2020, she noted.

Mar 24, 2020 3:07 PM

Mar 24, 2020 2:52 PM

FM Live Update: Last date for income tax returns FY18-19 shifted to June 30##FM Live Update: Last date for income tax returns FY18-19 shifted to June 30

Along with shifting the IT returns date, the Aadhaar-PAN linking date was also extended to June 30, said Finance Minister Nirmala Sitharaman.

"We are very close to announcing economic package. It will happen sooner rather than later", added Sitharaman.

Mar 24, 2020 2:48 PM

China's Wuhan will lift lockdown measures on April 8##China's Wuhan will lift lockdown measures on April 8

Mar 24, 2020 2:24 PM

SEBI, IRDAI relax select rules to provide relief##SEBI, IRDAI relax select rules to provide relief

Amidst market mayhem, SEBI and IRDAI have relaxed certain rules to provide relief to market participants, insurance companies and policy holders, reeling under the impact of Coronavirus-triggered chaos. Amongst the relaxations announced by SEBI, penalty for non-collection or short collection of margins by brokers will now be effective from April 30. Earlier, this was to become effective from April 1. For more details,click here to read

Mar 24, 2020 2:16 PM

Just In: Labour Minister Santosh Gangwar asks states to transfer funds to construction workers##Just In: Labour Minister Santosh Gangwar asks states to transfer funds to construction workers

Most economies are running dry in terms of liquidity amidst coronavirus outbreak. The worst situation arose for construction workers as their wages depended on daily work requirment. In order to fill their pockets, Labour Minister Santosh Gangwar directed the states to transfer funds to the contruction workers via DBT mode (direct benefit transfer).

He also added that the funds should be transferred from cess fund collected under BOCW Cess Act.

Currently, 3,5 crore construction workers are registered with construction welfare boards.

Mar 24, 2020 1:57 PM

Mar 24, 2020 1:44 PM

Just In: Finance Minister Nirmala Sitharaman will address the media at 2 PM today##Just In: Finance Minister Nirmala Sitharaman will address the media at 2 PM today

The Finance Minister will address the media at 2 PM today, specifically on statutory and regulatory compliance matters. She further added that an economic package is being readied on-priority to aid some relief through the corona lockdown.

Mar 24, 2020 1:03 PM

PVR's share price shoot up supported by CRISIL's AA rating##PVR's share price shoot up supported by CRISIL's AA rating

CRISIL in its report has placed its rating on the company's long-term bank facilities and debt instruments on 'Rating Watch with negative implications'.

As per the company's regulatory filing, the rating agency observes that the company has a strong market position and a well-established brand. "PVR's financial risk profile is expected to benefit from operating efficiency and significantly enhanced scale of operations", the filing added.

Strong liquidity also cushions the company's leadership, however, prolonged shutdown of operations will lead to weakening of financial risk profile, noted the rating agency.

At 12:40 pm, the stock traded 7 percent higher to Rs 1,300 apiece.

Mar 24, 2020 12:43 PM

Dr Reddy's gain 7% over fund raise proposal##Dr Reddy's gain 7% over fund raise proposal

The company Board of Dr Reddy's Laboratories announced to hold a board meeting on March 27, to consider and approve raising of funds.

The funds will be raised via issuing of commercial papers. This news improved investors sentiment resulting into a 7 percent surge in the stock price.

Mar 24, 2020 12:30 PM

IT index stands as the best-performing index so far, surges over 5%##IT index stands as the best-performing index so far, surges over 5%

With over 8 percent gains in IT giants like Infosys and MindTree, the Nifty IT index advanced 600 points. The rupee depreciation remained another stronghold for the IT companies today as it opened at Rs 75.90 against the US dollar.

Falling rupee aids profit margins for the IT exporters. Profit margins will get supplemented as a strenghtening dollar will translated into higher rupee value for these firms.

Infosys remained the top gainer from the Nifty IT index while NIIT Technologies stood as the worst-performer, falling 9 percent.

Mar 24, 2020 12:02 PM

PM Modi to address the nation on coronavirus at 8 pm today##PM Modi to address the nation on coronavirus at 8 pm today

Prime Minister ​Narendra Modi will address the nation about the coronavirus pandemic on Tuesday night at 8 pm.

“Will address the nation at 8 PM today, 24th March 2020, on vital aspects relating to the menace of COVID-19,” he tweeted. The tweet was written in Hindi as well.

Mar 24, 2020 11:38 AM

Mar 24, 2020 11:33 AM

Load more