Benchmark indices enter correction territory; rupee near 74 against dollar
Shares of Yes Bank came under intense selling pressure on Friday and plunged nearly 85 per cent during the day after the lender was placed under a 30-day moratorium
Yesterday, the SBI said its board had given in-principle approval to consider an "investment opportunity" in YES Bank although no decision had yet been taken to pick up stake in the bank
There are 93,042 confirmed Coronavirus (COVID-19) cases and 3,201 deaths reported globally in 67 countries
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
The apex bank says it is closely monitoring global and domestic developments continuously
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
In the primary market, the initial public offer of SBI Cards and Payment Services will open today. The company expects to raise around Rs 10,341 crore from the IPO
Factory activity in China, the global engine of growth, has contracted at the fastest pace on record
Stocks are also expected to react to the GDP growth numbers released after market hours on Friday
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On a weekly basis, Sensex slipped around 7 per cent while Nifty declined 7.2 per cent
Traders said investor sentiments also remained fragile amid incessant foreign fund outflows
Investors will also await the GDP numbers for the third quarter of FY20 to be released later in the day. Most experts peg the number closer to 5 per cent
Market players said if not for the buying by domestic investors, there could have a steeper decline. They bought shares worth over Rs 3,000 crore in each of the last two trading sessions.
Adding to the cautious mood on the Dalal Street will be the expiry of the February series derivative contracts today and the release of the Q3 GDP data tomorrow
Foreign portfolio investors (FPIs) sold shares worth Rs 3,337 crore, while domestic institutional investors (DII) tried to offset some selling by pumping in Rs 2,786 crore into stocks