Sebi imposed a penalty of Rs 25 crore on Yes Bank in the matter of misselling the lender's AT-1 bonds few years ago
The Dow Jones Industrial Average fell 165.72 points, or 0.56%, at the open to 29,231.91
(Reuters) - The S&P 500 and Dow hit record highs moments after the open on Monday, as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis.
The Dow Jones Industrial Average rose 152.27 points, or 0.57%, at the open to 26,833.14, and the S&P 500 opened higher by 16.68 points, or 0.51%, at 3,268.52.
Wall Street plunges to close with biggest one-day loss since March 16
Today, a total of six companies, including YES Bank and Kansai Nerolac Paints, are set to declare their quarterly numbers
With further extension of the nationwide lockdown, the RBI is considering a proposal for extending the moratorium on bank loans by another three months
News agency Reuters quoted senior officials saying that the government is poised to announce a second stimulus package in coming days which will be worth around Rs 1 trillion
Investors will also react to Markit Services PMI data for March which was released yesterday, and, according to the monthly survey, India's services sector contracted in March to 49.3
The government has already deferred deadlines for filing tax returns, extended a tax amnesty program and promised more measures to support the economy amid the coronavirus pandemic
Nasdaq outperformed other major indexes, ending 2.3% higher, fueled by gains in Amazon.com, Microsoft and Facebook
Morgan Stanley expects global growth to fall to 0.9 per cent in such a scenario, while Goldman Sachs predicts weakening of growth to 1.25 per cent
January's industrial and manufacturing production data and retail inflation for February are slated to be declared later in the day
Brent crude was trading at $46.36/barrel (down 7.84 per cent) at 11.46 pm IST.
The benchmark index, however, is still about 7.5% below its record close on Feb. 19 and fears about the economic fallout remain at the forefront of investors' minds
Telecom stocks are likely to remain in focus today as the government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the SC order
Apart from the coronavirus newsflow, investors will await the release of India Service PMI numbers for February to be released today
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
Wall Street stocks tumbled in opening trading Friday, suffering another steep decline as fears of an economic slowdown due to coronavirus again pummeled global markets. Shortly after the opening bell, the Dow Jones Industrial Average was down nearly 800 points, or 3.0 per cent, at 24,986.27. The index had shed more than 11 per cent this week heading into Friday's session. The broad-based S&P 500 sank 3.1 per cent to 2,887.31, while the tech-rich Nasdaq Composite Index plunged 3.3 per cent to 8,285.87.
The Nasdaq Composite dropped 236.74 points, or 2.64%, to 8,744.03 at the opening bell