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MARKET WRAP: Indices pare gains; Sensex up 693 pts, Nifty settles at 7,801

All that happened in the markets today

SI Reporter New Delhi
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

2 min read Last Updated : Mar 24 2020 | 4:20 PM IST

4:20 PM

MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services

Market seemed to breathe a sigh of relief today after the crash yesterday, in sync with the global markets. In addition to the huge relief package by the US Fed yesterday, there were also expectations of a fiscal package by the government. Market came off its highs after no significant announcements by the FM and the fact that the economic package was still in development. European and US manufacturing activity data due later, which may indicate the impact of Covid-19 on economies, could influence markets tomorrow.

4:03 PM

Sectoral gainers and losers on the NSE

4:03 PM

MARKET AT CLOSE | Top gainers and losers on the S&P BSE Sensex

3:42 PM

CLOSING BELL

The S&P BSE Sensex gained 693 points or 2.67 per cent to end at 26,674 while NSE's Nifty50 settled at 7,801, up 191 points or 2.51 per cent.

3:30 PM

ALERT :: European markets trade higher

3:27 PM

ALERT :: US Dow Futures locked in upper circuit

3:26 PM

Rupee check

Source: Bloomberg

3:24 PM

'End of coronavirus pandemic is near', says Nobel laureate Michael Levitt

In his view, the fast-spreading disease is likely to come to a halt, but gradually. Levitt, whose specialty is not in epidemiology, cited the slowing rate of increase in the number of deaths in China to support his hypothesis.
 
Levitt said that just like China, the United States too will get through the worst of the coronavirus outbreak sooner than many specialists anticipate, the Los Angeles Times reported on Monday. READ MORE

3:15 PM

NEWS ALERT | Sebi, RBI and govt closely monitoring the stock market volatility: FM

3:14 PM

COMMENT :: MS Mani, Partner, Deloitte India on FM's announcements

The extension of GST return filing timelines together with the deferment of e-invoicing and new returns announced earlier would allow businesses to focus on resumption of business processes once normalcy resumes in future. The waiver of interest, late fees and penalties for SME’s would enable them to focus on reviving their businesses once things are back to normal
 

3:11 PM

MARKET ALERT :: Sensex erases gains partially

3:10 PM

NEWS ALERT | PM is closely monitoring the economic situation: FM Sitharaman

3:03 PM

NEWS ALERT | Debit card holders, who withdraw cash, from any ATM can do it for free of charge for 3 months

>> Will reduce bank charges for digital trade transactions for all trade finance consumers

3:01 PM

NEWS ALERT | SIP issued for import of aqua-culture extended for 3 months: FM

>> Delay of arrival of imports will be overlook

Alert: SIP is Sanitary Import Permit

2:56 PM

NEWS ALERT | Threshold limit for default raised from Rs 1 lakh to Rs 1 crore under IBC to protect MSMEs: FM Sitharaman

>> May consider suspension of Section 7,9 and 10 of IBC for six months if virus-related uncertainties prevail beyond April. 

Topics :MarketsMARKET WRAP

First Published: Mar 24 2020 | 7:42 AM IST