Page 2370 - Markets News
Petrol, diesel prices reduced for second straight day even as oil recovers
Petrol in Delhi now costs Rs 70.29 a litre and diesel Rs 63.01 a litre; in Chennai, petrol costs Rs 73.02 and diesel Rs 66.48 a litre; in Mumbai, petrol costs Rs 75.99 and diesel Rs 65.97 a litre
 "Petrol, diesel prices reduced for second straight day even as oil recovers")
Oil firms promised billions to investors. Now what next after price crash?
Brent crude was trading at around $36 a barrel, down around 20 per cent by 16:45 GMT on Monday, when analysts lowered share price forecasts for top oil and gas producers
 "Oil firms promised billions to investors. Now what next after price crash?")
10-year bond yields at decade-plus low; rupee falls as oil prices crash
The Sensex fell nearly 2,000 points, as foreign investors liquidated their investments for safe haven assets such as US bonds. As prices of bonds rise, yields fall.
 "10-year bond yields at decade-plus low; rupee falls as oil prices crash")
SBI's fund infusion into YES Bank not a complete solution, say analysts
Unless quick remedy is stitched up, there's looming threat of YES Bank being forced into SBI's books
 "SBI's fund infusion into YES Bank not a complete solution, say analysts")
After coronavirus, it's a crude shock: Markets see worst rout in 5 years
The Indian markets suffered their worst single-day rout in five years, with the benchmark indices falling 1,942 points and the rupee breaching 74 against the dollar.
 "After coronavirus, it's a crude shock: Markets see worst rout in 5 years")
YES Bank crisis: Axis Trustee moves HC against AT-1 bond cancellation
The central government, represented by the department of financial services and YES Bank, and the RBI have been included in the petition
 "YES Bank crisis: Axis Trustee moves HC against AT-1 bond cancellation")
YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank
If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank
 "YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank")
US Treasury yields plunge to new record lows on coronavirus panic
As global markets tumbled, investors fled headlong to bonds to hedge the economic trauma of COVID-19, and oil plunged more than 30%
 "US Treasury yields plunge to new record lows on coronavirus panic")
Good time for bargain hunting, but buy for long term, say analysts
Investors who picked companies with strong business franchises in the year 2008 or 2012 have seen a multi-fold jump in their portfolio values
 "Good time for bargain hunting, but buy for long term, say analysts")
3 reasons why the fall in crude oil prices may not be good news for India
The fall in oil prices comes at a time when the global economy is already reeling under the impact of coronavirus, which has dented demand across sectors and economies
 "3 reasons why the fall in crude oil prices may not be good news for India")
RIL tumbles nearly 13% to Rs 1,113.15 on weak petroleum demand outlook
Weaker crude indicates oversupply and could be supportive of margins; howeverm if the weakness is demand-related, it could have the opposite effect on margins
 "RIL tumbles nearly 13% to Rs 1,113.15 on weak petroleum demand outlook")
Black Monday for commodities across the board as crude sheds 31%
Brokers facing margin calls, started selling all commodities to pay for losses
BPCL stake sale may get delayed over falling oil prices, market crash
As confidence on equities declines, large oil producers may hesitate to loosen their purse strings, thereby impacting valuations too
 "BPCL stake sale may get delayed over falling oil prices, market crash")
Rout on Dalal Street: Valuations come down, but still not in comfort zone
The broader market remains expensive on a historical basis. The Sensex 10-year median price-to-earnings multiple is around 20.4 times, nearly 10 per cent lower than the index's current valuation
 "Rout on Dalal Street: Valuations come down, but still not in comfort zone")
Microfinance institutions pain on the rise: Explained in four charts
The portfolio-at-risk (PAR) in the 1-30 due-past-date (DPD) period rose by 60 basis points (bps) to 1.9 per cent over the previous quarter
 "Microfinance institutions pain on the rise: Explained in four charts")
Lower crude regime to impact upstream companies, dampen capex plans
Firms fear huge impact on top lines, say investments in oil and gas sector will be affected
 "Lower crude regime to impact upstream companies, dampen capex plans")
YES Bank rescue plan: How brokerages have interpreted the proposals
Macquarie has suggested that taxpayers will the biggest casualty in the government-approved bailout plan for YES Bank
Dow Jones slumps 2,000 points after coronavirus shock, oil price crash
Dow Jones down 1,424.47 points, or 5.51%, at 24,440.31, while the S&P 500 was down 160.27 points, or 5.39%, at 2,812.10
 "Dow Jones slumps 2,000 points after coronavirus shock, oil price crash")
India Inc says economy's fundamentals are strong, market crash temporary
In its biggest-ever single-day drop in absolute terms, the BSE Sensex crashed over 1,941 points and the NSE Nifty tumbled 538 points
Crude oil shock: MCX raises margin to 60% to prevent client defaults
Exchange says it covered price volatility risk adequately with no default occurring during the price decline; brokers, however, says some margin calls were triggered
 "Crude oil shock: MCX raises margin to 60% to prevent client defaults")