Page 97 - Market News

Rupee tanks 36 paise to all-time low of 76.80 against USD in early trade

The rupee opened weak at 76.75 at the interbank forex market and then fell further to hit an all-time low of 76.80, down 36 paise over its last close.

Secondary share sales continue to dominate IPOs with 80% of proceeds

While such a sale provides exits to PE investors and encourages promoters to list, it only results in change of equity ownership and doesn't really create new manufacturing or service capacity

SIP closures loom as coronavirus outbreak takes a toll on the markets

After falling 6 per cent in February, the Sensex has declined over 23 per cent in March. Estimates suggest 85-90 per cent of SIP investors are exposed to equity assets.

Bears restrained, outflows, lockdowns to affect Asian currencies: Survey

Intervention to combat the dual threat from the sudden liquidation of regional assets and a dollar funding shortage also helped ease bearish sentiment, the poll of 13 respondents showed.

Coronavirus impact: RIL's stock pricing in a worst-case scenario

Higher telecom earnings can help amid fears of weak refining & petrochemical margins

Shanghai tops world's IPO league table despite coronavirus outbreak

Eight companies raised $2 billion that month and a further 5 deals in March were worth $615.5 million.

Telecom stocks remain a safe bet amid coronavirus disruption: Expert

Analysts at Emkay Research believe that telecom remains one of the safest spots in the current scenario

Centre, Sebi likely to remove tax on buybacks, LTCG to lift sentiment

Investors have already swamped the government and Sebi with such demands as stocks of several companies have taken a beating

Investors lose Rs 14.22 trn wealth as markets drop 3,935 pts on Monday

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.

Markets to operate normally today: Sebi amid reports of shutdown

"Markets will work normally tomorrow (Monday)," said a Sebi official. "All segments at BSE will operate as usual on Monday 23," said Ashish Chauhan MD & CEO, BSE.

MCX permits members to use terminals from home till April 30

The decision has been taken as a preventive measure in view of government stopping modes of transport even within the city.

Eight of top-10 companies witness combined loss of Rs 3.63 trn in m-cap

Valuation of Reliance Industries Ltd (RIL) eroded by Rs 54,961.45 crore to Rs 6,46,732.07 crore and that of HDFC dropped by Rs 54,479.15 crore to Rs 3,03,722.13 crore.

Covid-19 to continue to dictate market trends next week: Analysts

During the last trading week till Friday, the Sensex plummeted 4,187.52 points or 12.27 per cent, while Nifty tanked 1,209.75 points or 12.15 per cent.

Crude oil adds over 4%, gold and silver up as markets recover sharply

News of factories and showrooms in China reopening after several weeks of lockdown boosts sentiment

Caught between divulging views, HDFC Bank stock closes in the red

US-based Bernstein slashes rating to underweight, almost halves target price; UBS maintains positive stance

Online brokerages see uptick in new investors even as markets crash

Ease of account opening due to e-KYC, tempting valuations after the market crash, work-from-home and SBI Card mega IPO are reasons for the spurt

Sebi unveils measures to tackle market volatility, curbs short selling

Market players said the move was to discourage traders from aggressively building short positions.

Policymakers slash rates, pump liquidity to boost panic-hit global markets

Central banks in emerging countries from Brazil to India have stepped in this week to buy government bonds to prevent a jump in borrowing costs that would put more pressure on their economies.

Investor wealth tumbles Rs 9.74 trillion in two days as markets plunge

In two days, investors have lost Rs 9,74,176.71 crore wealth. At close of trade on Tuesday, the market capitalisation of BSE-listed companies was at Rs 1,19,52,066.11 crore.

Market rout: RBI intervenes to protect continuously falling rupee

"The central bank may have been intervening in these markets in small measures in the past too, but Friday's action was quite loud," said a senior currency dealer requesting anonymity.