Thank you, readers! Here are the main highlights from today’s trading session##Thank you, readers! Here are the main highlights from today’s trading session

- Market Snaps 4-Day Losing Streak To Post Biggest Single-Day Gain In 6 Months

- Sensex Gains 1,628 Points To 29,915 and Nifty 482 Points To 8,745

- HDFC Bank Keeps Nifty Bank Gains In Check, Index Up 234 Points To 20,317

- Midcap Index Records The 2nd Biggest 1-day Gain Ever, Up 597 Points To 12,661

- 46 Of 50 Nifty Stocks Close Higher, Bharti Infratel, GAIL, ONGC Top Gainers

- Reliance, HDFC, TCS & HUL Top Contributors To Nifty Gains

- All Sectoral Indices Close In The Green With FMCG & IT Gaining The Most

- Volatility Index Snaps 9-day Gaining Streak, Ends With A Cut Of Over 7 percent

- Escorts Surges Over 18 percent After Company Announces Kubota Deal At Rs 850/Sh

- PSU Companies Surge In Friday’s Trade, Sectoral Index Gains 10 percent

- Market Breadth Favours Declines, Advance-Decline Ratio At 3:2

Mar 20, 2020 3:47 PM

Closing Bell: Sensex, Nifty end 5% higher, but down 12% this week##Closing Bell: Sensex, Nifty end 5% higher, but down 12% this week

Indian market surged on Friday as Asian peers rebounded after four sessions of bruising losses, mainly led by gains in IT, FMCG, and metal space. The Sensex ended 1,628 points higher at 29,916, while the Nifty rose 486 points to settle at 8,750. The Nifty50 records best one-day gain in more than six months, but ended the week around 12 percent lower, and analysts signalled the worst was far from over.

In the Nifty50 index, ONGC, Bharti Infratel, GAIL, UltraTech Cements, and HUL were the top gainers for the day, while IndusInd Bank, HDFC Bank, Adani Ports, and Axis Bank led the losses. State-run Oil and Natural Gas Corp led gains on the Nifty 50 with a 16 percent jump as oil prices bounced back. Broader markets also advanced with the Nifty Midcap and Nifty Smallcap index up 4.8 percent and 2 percent, respectively.

Mar 20, 2020 3:36 PM

Mid-sized private banks facing the heat after YES Bank crisis; RBL Bank, IndusInd Bank down 75% from peaks

Mar 20, 2020 3:22 PM

ONGC stock price lowest in 15 years despite 80% rise in revenue##ONGC stock price lowest in 15 years despite 80% rise in revenue

Even after the revenue of the state-owned Oil and Natural Gas Corporation (ONGC) has over 80 percent since 2008, the company's stock price is trading below the 2008 levels. In 2008, the stock fell to the lowest level of Rs 101.97 as against its 52-week low of Rs 51.80 hit on March 13. ONGC share has tumbled over 44 percent this year to trade around its 2004 levels making it the cheapest oil and gas company globally. The stock price has dipped below Rs 100 per share, its lowest in 15 years. The sharp decline in the market price of the state-owned company pushed the company's market capitalisation (market-cap) below Rs 1 trillion-mark for the first time since August 2004.

Mar 20, 2020 3:14 PM

IDFC First Bank MD-CEO sells Rs 58 cr of shares to repay ESOP loan##IDFC First Bank MD-CEO sells Rs 58 cr of shares to repay ESOP loan

IDFC First Bank's MD and CEO V Vaidyanathan has clarified that he had sold shares of his bank to repay a loan he had taken to exercise the stock options he was eligible for under the employee stock option plan. Vaidyanathan sold 2.75 crore shares for Rs 58 crore on March 19. The timing of the sale raised eyebrows, given speculation in then market over the financial health of private sector banks in general. Sale of shares by promoters and top management is usually taken as a sign by the market that the share price may be overvalued. In a bearish environment, such sales are viewed even more suspiciously.

Mar 20, 2020 3:06 PM

Mar 20, 2020 2:55 PM

Jubilant Foodworks, Westlife Development's share price rally up to 8%##Jubilant Foodworks, Westlife Development's share price rally up to 8%

At 2:30 pm, shares of Jubilant Foodworks and Westlife Development were trading 5 percent and 8 percent respectively.

The stocks remained unaffected from the announcement recently made by Maharashtra CM Uddhav Thackeray. In a press conference, he said, " All workplaces will remain closed till 31st March. This is applicable in Mumbai, MMR Region, Pune, Pimpri Chinchwad and Nagpur. Government offices to operate at 25 percent attendance."

Essential services like medical stores, grocery shops and banks will continue to remain open. Bus and train services will remain available, he added.

Mar 20, 2020 2:39 PM

Mar 20, 2020 2:00 PM

Breaking News: No plan to stop local trains, bus services in the state, says Maharashtra CM Uddhav Thackeray##Breaking News: No plan to stop local trains, bus services in the state, says Maharashtra CM Uddhav Thackeray

Key highlights from his speech:

1. All shops except essential supplies in Mumbai to be shut till March 31, effective from 12 am tonight

2. Banks will continue to remain open in the state

3. We will consider economic relief measures later

4. Government offices to work with 25 percent of their workforce

Mar 20, 2020 1:55 PM

Coronavirus task force to meet this evening to work on relief package

CNBC-TV18 has learnt that the government is considering a slew of economic measures to help tide over coronavirus crisis.

Mar 20, 2020 1:30 PM

Just In: Government bats against deferral in tax payments before Supreme Court##Just In: Government bats against deferral in tax payments before Supreme Court

Mar 20, 2020 1:18 PM

Girish Pai of Nirmal Bang feels the market hasn't touched its bottom yet##Girish Pai of Nirmal Bang feels the market hasn't touched its bottom yet

"The bear market is like that plane flying at 38,000 feet shot down by a missile. We are still unaware of the bear market effects on the earnings of companies. At this point, I think the market has not bottomed out yet as people still don't know how the situation would be in the next 3-6 months", said Pai.

Mar 20, 2020 1:17 PM

Breaking News: Madhya Pradesh CM Kamal Nath resigns ahead of the floor test##Breaking News: Madhya Pradesh CM Kamal Nath resigns ahead of the floor test. For more details, click here to read

Mar 20, 2020 1:00 PM

Mar 20, 2020 12:32 PM

Value buying and short covering seen in Nifty IT index, surges over 10%##Value buying and short covering seen in Nifty IT index, surges over 10%

The Indian market jumped in trade on Friday after the IT index saw huge buying. MindTree was the top gainer from the Nifty IT, up 14 percent while TCS, HCL Technologies and NIIT Technologies rallied over 10 percent. Meanwhile, shares of Infosys, Tech Mahindra and Wipro surged up to 10 percent in the early afternoon session.

Early this month, the IT index fell below its 200-DMA (moving average) and slumped over 30 percent. After touching its two-year low, Nifty IT saw a big bounce back today from short sellers.

Mar 20, 2020 12:31 PM

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