Page 2375 - Markets News
Coronavirus scare: Market crash is a buying opportunity, says history
On six of nine occasions when the market has corrected more than 10 per cent, it has recouped all its losses within two months, shows an analysis by ICICI Direct
 "Coronavirus scare: Market crash is a buying opportunity, says history")
Cheer returns to Street after 7 days; Sensex rises 480 pts, metals shine
In the preceding seven trading sessions the Sensex and the Nifty had crashed nearly 8 per cent amid a global sell-off in risky assets.
 "Cheer returns to Street after 7 days; Sensex rises 480 pts, metals shine")
IEX to launch trading platform Indian Gas Exchange; norms yet to be framed
IGX will be offering a spot contract for the day ahead market, which means gas will be physically delivered the next day
 "IEX to launch trading platform Indian Gas Exchange; norms yet to be framed")
Some improvement in agriculture, but clear recovery not in sight yet
A few data points show improvement, but their sustainability, and recovery in other major economic indicators is vital
 "Some improvement in agriculture, but clear recovery not in sight yet")
Rating downgrades slip to 15-month low in Jan as incremental risks decline
Market participants say full recovery from credit risks can take more time
 "Rating downgrades slip to 15-month low in Jan as incremental risks decline")
Rupee dives below 73 mark, hits 16-month low on forex outflows, crude surge
Forex traders said the rupee which started the day on a positive note witnessed heavy volatility during the session as uncertainty over the economic impact of coronavirus spooked investors.
 "Rupee dives below 73 mark, hits 16-month low on forex outflows, crude surge")
Market Wrap, March 3: Sensex snaps 7-day losing streak, gains 480 pts
Sectorally, metal and pharma stocks gained the most. Nifty Metal index climbed 5.6 per cent to 2,321 levels while Nifty Pharma index ended at 7,921, up over 5 per cent
 "Market Wrap, March 3: Sensex snaps 7-day losing streak, gains 480 pts")
India stocks up for Coronavirus, restricts exports of 26 pharma ingredients
Coronavirus in India: The government said on Tuesday it had detected "high viral load" in six people who had been in contact with a patient who contracted the coronavirus in the capital New Delhi.
 "India stocks up for Coronavirus, restricts exports of 26 pharma ingredients")
DHFL, India Cements: 10 BSE500 stocks that gained amid market rout last wk
A quick study of BSE500 stocks show that as many as 9 stocks rallied 8 per cent or above between February 20 and March 2
 "DHFL, India Cements: 10 BSE500 stocks that gained amid market rout last wk")
MARKET WRAP: Sensex snaps 7-day losing streak, gains 480 pts; metals shine
All that happened in markets today
 "MARKET WRAP: Sensex snaps 7-day losing streak, gains 480 pts; metals shine")
Sebi revises investment manager eligibility regulations for InvITs
Sebi has also allowed a combined relevant experience of at least 30 years of directors, partners and employees of the investment manager, even if it is a newly created entity
 "Sebi revises investment manager eligibility regulations for InvITs")
TVS Motor hits over 4-mth low; falls 6% in two days post February sales nos
The company reported a 15.4 per cent drop in its total sales at 253,261 units in February 2020.
 "TVS Motor hits over 4-mth low; falls 6% in two days post February sales nos")
Markets volatility will weigh on global insurers' profits: Moody's
An economic slowdown triggered by the outbreak will crimp business volumes for insurers and also lead to higher claims for certain types of insurance
 "Markets volatility will weigh on global insurers' profits: Moody's")
Pharma shares in focus; Pfizer hits record high, Sun Pharma rallies 6%
Metropolis Healthcare, Bliss GVS Pharma, RPG Life Sciences, Dr. Lal PathLabs, Biocon, Albert David and FDC from the index were up more than 3 per cent.
 "Pharma shares in focus; Pfizer hits record high, Sun Pharma rallies 6%")
Eicher Motors gains 4% as company to consider interim dividend on March 11
On BS VI transition, the company informed that it has already moved a large part of its product portfolio to BS VI and is seeing a good response to the BS VI motorcycles.
 "Eicher Motors gains 4% as company to consider interim dividend on March 11")
Stocks to watch: Infosys, Hero MotoCorp, Newgen Software Tech, Voda Idea
Here's a look at the stocks that may trade actively in today's session
 "Stocks to watch: Infosys, Hero MotoCorp, Newgen Software Tech, Voda Idea")
Oil rises over 4% on hopes of OPEC cut and stimulus amid virus gloom
Brent crude futures gained $2.23, or 4.5 per cent, to settle at $51.90 a barrel. The session low of $48.40 was its lowest since July 2017
 "Oil rises over 4% on hopes of OPEC cut and stimulus amid virus gloom")
Market Ahead, March 3: All you need to know before the Opening Bell
Today is the second day for SBI Card's IPO. Despite the volatility in the market, the Rs 10,350-crore initial public offering of SBI Cards and Payment Services was off to a good a start on Monday
One of the most volatile days of trade ever, Nifty swings nearly 400 points
The previous instance of such a wild swing was on September 19, when the indices reacted to the surprise cut in corporation tax
 "One of the most volatile days of trade ever, Nifty swings nearly 400 points")
Decent growth in February volumes unlikely to fire up Coal India's stock
The pressure on e-auction premiums, commodity prices led by coronavirus spread and stake sale overhang remain key concerns
 "Decent growth in February volumes unlikely to fire up Coal India's stock")