Page 2371 - Markets News
US stock market circuit breakers working as expected, says NYSE president
A 7% decline in the S&P 500 triggered a 15 minute trading pause shortly after the market opened
 "US stock market circuit breakers working as expected, says NYSE president")
Market Wrap, March 9: Sensex dips 1942 pts, Nifty at 10,451
Reliance Industries (RIL) tumbled around 14 per cent to hit its 52-week low of Rs 1,094.95 on the BSE. It was the biggest contributor to the index's fall
 "Market Wrap, March 9: Sensex dips 1942 pts, Nifty at 10,451")
Bloodbath on Dalal Street today: 8 things investors must know
Indices see biggest 1-day fall ever in absolute terms, here are the eight major things about the selloff across global markets
 "Bloodbath on Dalal Street today: 8 things investors must know")
Indices see biggest 1-day fall ever in absolute terms, Sensex dips 1942 pts
All that happened in markets today
 "Indices see biggest 1-day fall ever in absolute terms, Sensex dips 1942 pts")
YES Bank stock ends 32% higher on rescue plan; SBI to pick 49% stake
"YES Bank has 255 crore shares of Rs 2 per share. SBI will be issued 245 crore shares at a price of Rs 10 per share for Rs 2,450 crore," SBI said in a press release.
 "YES Bank stock ends 32% higher on rescue plan; SBI to pick 49% stake")
Vodafone Idea gains 30% in weak market after promising 'new beginning'
According to Business Standard report the Department of Telecommunications indicated that the company was "positive" about India and that it wanted to make a ''new and good beginning'' in the country.
 "Vodafone Idea gains 30% in weak market after promising 'new beginning'")
RBL, Bandhan Bank fall below IPO price; stocks hit new lows
Shares of RBL and Bandhan Bank hit new all-time lows, falling below their respective initial public offer (IPO) prices, on the BSE on Monday after a sharp sell-off in the equity markets.
 "RBL, Bandhan Bank fall below IPO price; stocks hit new lows")
Sebi allows non-bank custodians to manage gold, related instruments
The move is aimed at reducing concentration of custodial services for gold or related instruments, Sebi said
 "Sebi allows non-bank custodians to manage gold, related instruments")
YES Bank: Anmi urges RBI to consider exempting capital market transactions
The development comes after YES Bank on Thursday was put under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board
 "YES Bank: Anmi urges RBI to consider exempting capital market transactions")
125 stocks from BSE500 index hit 52-week lows; 14 stocks touch new lows
Foreign portfolio investors turned net sellers for the 10th straight trading day, offloading equity shares worth Rs 22,089 crore till March 6, 2020, exchange data shows
 "125 stocks from BSE500 index hit 52-week lows; 14 stocks touch new lows")
IndusInd Bank dips 8% as it defers fund raising; down 39% so far in 2020
The stock had hit a low of Rs 921.25 -- its lowest level since March 29, 2016 -- in intra-day trade on the BSE on Friday
 "IndusInd Bank dips 8% as it defers fund raising; down 39% so far in 2020")
Markets plunge on Covid-19 fears; Rs 5 trn investor wealth wiped off
The m-cap of BSE-listed companies stood at Rs 1,44,31,224.41 crore at the end of trading on Friday.
 "Markets plunge on Covid-19 fears; Rs 5 trn investor wealth wiped off")
HPCL, BPCL surge up to 13%; RIL slumps 8% as Brent Crude hits 20-yr low
At 9:38 am, Brent Crude Futures were at $32.27/bbl, down 13 cents or 28.72 per cent, US WTI, on the other hand, was at $28.45/bbl-mark, down 12.83 cents or 31 per cent.
 "HPCL, BPCL surge up to 13%; RIL slumps 8% as Brent Crude hits 20-yr low")
YES Bank zooms on reports SBI may pick stake; SBI recoups early losses
YES Bank has been struggling to raise capital for months. It also had to postpone its December 2019 quarter results as the fundraising process consumed most of its top management's time.
 "YES Bank zooms on reports SBI may pick stake; SBI recoups early losses")
Black Friday, again: Here are three key reasons why market crashed today
Banking stocks took a beating on Friday following developments around YES Bank. The private lender's board was superseded by the Reserve Bank of India (RBI)
 "Black Friday, again: Here are three key reasons why market crashed today")
YES Bank fallout: RBI move casts shadow on Rs 1-trillion AT-1 bond market
Forcing bondholders to take 100 per cent haircut on the bank's AT-1 bonds would lead to losses to the tune of Rs 10,800 crore, estimates Acuite Ratings
 "YES Bank fallout: RBI move casts shadow on Rs 1-trillion AT-1 bond market")
Retail investors bought YES Bank shares as institutions exited en masse
Soon after the RBI announced the moratorium, global bank JP Morgan pegged YES Bank shares at Rs 1 a share.
 "Retail investors bought YES Bank shares as institutions exited en masse")
With markets on a downtrend, it is time to take some contrarian bets
Looking at the recent developments, it is time to take some contrarian bets and increase allocation to equities according to your asset allocation plan.
 "With markets on a downtrend, it is time to take some contrarian bets")
ONGC's m-cap slips below Rs 1 trn-mark after 15 years on oil price crash
A sharp decline in market price of state-owned company pushed the company's market capitalisation (market-cap) below Rs 1 trillion-mark for the first time since August 2004.
 "ONGC's m-cap slips below Rs 1 trn-mark after 15 years on oil price crash")
Axis Bank, BoB, HDFC Bank, ICICI Bank: Banking stocks that look oversold
Whenever a stock witnesses higher volumes, which is normally stronger than earlier candles, it indicates severe pressure.
 "Axis Bank, BoB, HDFC Bank, ICICI Bank: Banking stocks that look oversold")