All that happened in markets today
According to reports, the government is likely to agree a stimulus package of more than Rs 1.5 trillion to fight a downturn caused by the coronavirus lockdown
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
The Rupee's trajectory will also remain a big focus in today's session after plunging 84 paise to a new record low of 75.10 against the dollar on Thursday
The Reserve Bank of India has decided to conduct open market operations on March 20 in the form of purchase of an aggregate amount of Rs 10,000 crore of government securities.
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
The Reserve Bank of India's decision to leave interest rates unchanged for now will also impact sentiment
According to a Business Standard report, the Securities and Exchange Board of India is working on a plan to arrest the deep market sell-off and reduce volatility
The Indian markets have already joined other global peers in "bear territory", having crashed 20 per cent from their recent peak
The State Bank of India yesterday said it would infuse Rs 7,250 crore into ailing YES Bank to pick up to 49 per cent equity as part of the Reserve Bank of India-mandated bailout plan
Earlier in the day, Indian stock markets had seen their worst daily crash since 2008 as the pandemic fuelled growth fears for the country's economy
January's industrial and manufacturing production data and retail inflation for February are slated to be declared later in the day
Market participants will keenly watch the YES Bank developments especially after the Enforcement Directorate on Sunday arrested the bank's co-founder Rana Kapoor under money laundering charges
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
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
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
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
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