India's sovereign rating was downgraded by Moody's to Baa3 with a negative outlook on the pretext of prolonged period of slower growth, rising debt and stress in financial system.
Stocks in the BSE 500 universe account for nearly 93 per cent of India's market capitalisation.
The rupee and the 10-year government bond, too, held steady, despite the red flags raised by the rating agency.
At close of trade, the company's market capitalisation stood at Rs 1,58,902.37 crore on the BSE.
S&P BSE Sensex index remains 26% below its January peak, even after rebounding from the sell-off, burnishing the allure for stocks
Of 30 constituents, 20 declined and 10 advanced. Mahindra & Mahindra ended as the top loser on the index while telecom major Bharti Airtel was the biggest gainer
Over the next year, we would expect Sensex and Nifty returns to be in line with their earnings growth
In a related-party transaction, Raghav Bahl transfers digital content business from an unlisted firm to a listed one
While the Eurekahedge Emerging Markets Hedge Fund Index was down 9.59% in March, the Eurekahedge India Hedge Fund Index was down only 8.69%
The Sensex closed at 31,715, down 2,002 points, or 5.94 per cent - its biggest single-day loss since March 16.
For the sake of context, the financial crisis of 2008 had seen the S&P 500 fall by more than 50 per cent from its peak
Billion-dollar deals aplenty for right business
An analysis of an index which tracks the performance of such companies versus the broader market shows wide outperformance
The weight of FMCG, software and pharma companies in Nifty now at 31.5% from 25.3% in December 2017
The 30-share BSE Sensex settled 535.86 points or 1.68 per cent down at 31,327.22
Strategy reports advocate need for caution amid volatility, with likelihood of more declines before a sustained rise signals end of bear market
Sentiment improves as virus spread shows signs of slowing
Meanwhile, foreign portfolio investors (FPIs) have pulled out net of Rs 55,007 crore (approx. $7.4 billion) from Indian equities in March 2020
While JP Morgan believes 'cash is king' given the uncertainty that lies ahead, selective buying from a long-term perspective can be done in defensive plays
Lump sum investments are tactical infusions one can make at any point, based on his view. They differ from SIPs in which investments are made on a monthly basis