Finance Minister Nirmala Sitharaman also tweeted about Sebi's move to ease the compliance requirement for listed companies.
SME slippages so far in FY20 are just little shy of FY19's Rs 11,200 crore, and may increase due to lock-outs imposed
Sebi release also hints that authorities intend to keep the markets open despite demands to keep it close to prevent it from falling
Several blue chips such as Axis Bank, Wipro, ONGC, Bajaj Finserv, and Titan have fallen off the list following unprecedented declines in their stocks
The rupee closed at 76.20 a dollar, down from its previous close of 75.20 a dollar
The BSE benchmark index tanked 3,934.72 points or 13.15 per cent to close at 25,981.24. During the trade, it hit a one-year low of 25,880.83.
Arbitrage spreads are normally available in the 35-40 bps range, but have currently narrowed to 15-20 bps with many securities trading at discount
The S&P BSE Sensex nosedived 3,935 points or over 13 per cent to settle at 25,981 levels with all the 30 constituents ending in the red
All that happened in markets today
As many as 620 stocks out of 2,326 traded on the BSE were locked in lower circuit band
Investors should take a heart from the fact that there are countries, such as China and South Korea, where normalcy is returning.
Among sectors, banks, metal, realty, auto, and capital goods have underperformed the market by falling in the range of 39 per cent to 44 per cent
Markets took a heavy beating as the BSE benchmark index plunged 2,991.85 points or 10%-- its lower circuit limit
Anmi has urged Sebi to explicitly declare brokers under essential services to enable them to work smoothly
That apart, national laboratories have also been allowed to carry out clinical testing of Covid-19, as the number of cases went past 400 in India.
Among individual stocks, Axis Bank and City Union Bank were locked in 20 per cent lower circuit
It is going to be very difficult and testing time for retail investors.
This comes after 75 districts across all India were put on total lockdown in the wake of coronavirus pandemic
US companies are likely to cut capex plans by $900 billion (4 per cent of gross domestic product), trim spends on buybacks and mergers & acquisitions (M&As) by around $600 billion (3 per cent of GDP).
Trading on the Indian stock exchanges was halted as the S&P BSE Sensex fell 10 per cent, triggering an automatic 45-minute halt