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Sensex tumbles 1,407 points: Three factors behind Dec 21 market crash

A sharp crash in the domestic markets left investors running for cover in Monday's session as benchmark equity indices tumbled. The S&P BSE Sensex lost 2,037 points in intra-day deals to hit a low of 44,923.08. The index, however, recovered partially and ended the day at 45,554 levels - down 3 per cent, or 1,407 points. On the other hand, the Nifty50 ended the day at 13,328 levels, down 3.14 per cent, or 432 points. Watch video to know about three key factors behind today's market crash.

BS Views of the week: Does 'too much democracy' hold back economic growth?

From the big barrier to the early launch of 5G in the country to what makes the next budget different from each one before it, here's what Business Standard columnists wrote this week.

Should you invest in India's luxury homes amid pandemic? Find out

Residential real estate is a tale of two markets– luxury and everything else. A luxury home is all about location, provenance lifestyle – most often characterized by high-end finishes, large sizes, unique architectural details and exceptional amenities. But most importantly a luxury home is high on experiences, where the simple moments of everyday life are elevated to become the art of living. Covid 19 has pushed many luxury homes on sale. Corrected valuations, some discounting, lower interest rates, stamp duty rebates in certain States may have acted as catalyst for fence sitting homebuyers. Data suggests that transactions are happening across top Indian cities within a price bracket of Rs 5 crore to 50 crore and more. People are scouting for larger spaces with grand amenities. Needless to say, people want to get the best version of homes that their imagination, read pockets can stretch to. As the luxury home buyer makes a comeback, let’s find out what is trending in luxury homes acr

Another stimulus, economy back on track? Finance Secy interview highlights

The government's tax collections have picked up and high-frequency activity indicators continue to improve on the back of the government's targeted Covid-19 stimulus, Finance Secretary Ajay Bhushan Pandey said. He also said the generation of e-way bills, needed for transportation of goods, is back to pre-Covid levels and online payments have risen exponentially. Collection of Goods and Services Tax (GST), levied when a product is consumed or a service is rendered, has risen for the second month in a row.

Investing in stocks: Why learning is new currency in times of Covid-19

A number of people have started to look at 'equity investment' as an additional source of income, with uncertainty over their current jobs and also the availability of spare time with 'work from home' scenario, to explore newer avenues. Many edtech companies have reported a huge surge in uptake of financial and stock market related courses. In an exclusive interview with Namrata Kohli, Udemy India MD Irwin Anand explains the significance of upskilling and reskilling in times of Covid-19.

Here's how RBI's monetary policy affects you and the stock market

A Monetary policy action is one of the keenly tracked events in an economy. Here's look at at its impact, and how it changes your home loan, other EMIs

Unlock BFSI 2.0: Banking — Capital is the key

In this special Business Standard webinar, where RBI Governor Shaktikanta Das delivers the keynote address, the biggest names in the banking industry discuss the importance of capital in these times >

Unlock BFSI 2.0: Insured and safe — Insurance in the time of pandemic

In this special Business Standard webinar, the biggest names in India's insurance industry discuss the way forward for general and life insurance segments, especially in the wake of a pandemic >

Unlock BFSI 2.0: Mutual funds — Is the market running ahead of economy?

In this special Business Standard webinar, the biggest names in India's mutual fund industry discuss if the market running ahead of the economy >

Unlock BFSI 2.0: Small Finance Banks — It's time to make it big

In this special Business Standard webinar, the biggest names in India's small finance bank space discuss if this is right time for the segment to make it big >

Unlock BFSI 2.0: Fintech — All roads lead to the digital world

In this special Business Standard webinar, India's biggest leaders in financial technology space discuss the importance of digital technology for the financial services sector

Unlock BFSI 2.0: Will Rural India be the new driver of growth?

In this special Business Standard webinar, India's biggest leaders in banking and financial services discuss whether and how rural India could prove to be the next growth driver >

Equity gauges in the green, metal and auto stocks gain

Mumbai, May 19 (ANI): Equity benchmark indices rebounded during early hours on Tuesday in line with global cues with metal and auto stocks gaining ground. At 10:15 am, the BSE S-P Sensex was up by 536 points or 1.78 per cent at 30,565 while the Nifty 50 edged higher by 159 points or 1.8 per cent at 8,982. Except for PSU bank, all sectoral indices at the National Stock Exchange were in positive zone with Nifty metal and auto up by 1.7 per cent each, private bank by 1.5 per cent and pharma by 0.7 per cent. Among stocks, telecom major Bharti Airtel gained by 7.9 per cent to Rs 580.90 per share despite reporting a net loss of Rs 5,237 crore in the January to March quarter.

Equity indices slip 2 pc on lockdown extension, Nifty bank down 4.5 pc

Mumbai, May 18 (ANI): Equity benchmark indices traded in the negative territory during early hours on Monday as the country extended nationwide lockdown till month-end to curb the spread of coronavirus pandemic. Besides, the government announced a final set of measures under its stimulus package to revive the economy and make India a self-reliant nation. At 10:15 am, the BSE S-P Sensex was down by 692 points or 2.22 per cent at 30,406 while the Nifty 50 edged lower by 205 points or 2.24 per cent at 8,932. All sectoral indices at the National Stock Exchange were in the red with Nifty private bank down by 5.1 per cent, PSU bank by 4.5 per cent and financial service by 4.3 per cent. Among stocks, IndusInd Bank was down by 6.5 per cent to Rs 391.40 per share while ICICI Bank slipped by 6.4 per cent, Axis Bank by 5.7 per cent and State Bank of India by 4.1 per cent. Auto majors Maruti Suzuki and Tata Motors skidded by 3.7 per cent and 3.6 per cent. However, those which gained with thin marg

Rs 10,000 crore scheme for formalisation of Micro Food Enterprises: FM Sitharaman

New Delhi, May 15 (ANI): Finance Minister Nirmala Sitharaman on May 15 announced Rs 10,000 crore scheme for the formalisation of Micro Food Enterprises (MFE). "The scheme promotes PM's vision of 'Vocal for Local with global outreach'," she further added. Finance Minister unveiled the third tranche of the Rs 20 lakh crore COVID-19 economic package announced by Prime Minister Narendra Modi on May12.

Essential Commodities Act will be amended to de-regulate agri products: FM Sitharaman

New Delhi, May 15 (ANI): Union Finance Minister Nirmala Sitharaman on May 15 announced that the central government will amend the Essential Commodities Act to enable better price realization for farmers. In a press conference, Sitharaman said, "Government to amend the Essential Commodities Act to enable better price realization for farmers; agriculture products including cereals, edible oils, oilseeds, pulses, onions and potatoes to be de-regulated."

Equity indices slip amid weak global cues, Tata Motors drops 4 pc

Mumbai, May 14 (ANI):Equity benchmark indices traded nearly 1.5 per cent lower during early hours on Thursday amid weak global cues after US Federal Reserve Chairman Jerome Powell warned of extended economic weakness due to the coronavirus pandemic. Besides, a top World Health Organisation official said the virus may never go away. A day earlier, Finance Minister Nirmala Sitharaman gave out break-up for a part of the Rs 20 lakh crore economic stimulus announced by Prime Minister Narendra Modi. But that did not seem to cheer investors. At 10:15 am, the BSE S and P Sensex was down by 497 points or 1.55 per cent at 31,512 while the Nifty 50 edged lower by 136 points or 1.45 per cent at 9,248. Except for Nifty FMCG and pharma, all sectoral indices at the National Stock Exchange were in the negative zone with Nifty IT down by 2.3 per cent, auto by 1.6 per cent and financial service by 1.4 per cent. Among stocks, Tata Motors lost by 4 per cent to Rs 83.70 per share and Mahindra and Mahindra

Equity indices gain after PM Modi announces Rs 20 lakh crore stimulus

Mumbai, May 13 (ANI): Equity benchmark indices traded higher during early hours on Wednesday, a day after Prime Minister Narendra Modi announced an economic stimulus package worth Rs 20 lakh crore amounting to 10 per cent of the GDP to alleviate the pain caused by COVID-19. In an evening address to the nation, the Prime Minister has also said that the countrywide lockdown will extend post-May 17 with new rules to allow more industrial and business activities. At 10:15 am, the BSE S and P Sensex was up by 697 points or 2.22 per cent at 32,068 while the Nifty 50 edged higher by 196 points or 2.13 per cent at 9,393. Except for Nifty pharma, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty private bank up by 3.5 per cent, financial service by 3.1 per cent and auto by 2.8 per cent. Among stocks, private lenders gained the most with ICICI Bank advancing by 5.53 per cent to Rs 338.95 per share, HDFC Bank by 4.1 per cent and Axis Bank by 3.4 per cent. La

Stock indices in the green, Reliance jumps after Vista Equity Partners invests in Jio

Mumbai, May 08 (ANI): Equity benchmark indices traded higher during early hours on Friday in line with positive global cues and expectations of an economic stimulus to cushion the impact of COVID-19 pandemic. At 10:15 am, the BSE S and P Sensex was up by 396 points or 1.26 per cent at 31,839 while the Nifty 50 edged higher by 114 points or 1.24 per cent at 9,313. All sectoral indices at the National Stock Exchange were in the positive terrain Nifty private bank up by 1.8 per cent, financial service by 1.4 per cent and FMCG by 1.5 per cent. Shares of Reliance Industries climbed 2.4 per cent to Rs 1,543.55 per share after Vista Equity Partners announced an investment of Rs 11,367 crore in its Jio Platforms for a 2.32 per cent stake. This is Jio Platforms' third deal after Facebook and Silver Lake's share acquisition plans over the last two weeks. Dr Reddy's gained by 4.4 per cent, Hindustan Lever by 3.3 per cent and Hindalco by 2.5 per cent. Private sector lenders IndusInd Bank, ICICI Ba

Lockdown 3.0: Samsung resumes phone manufacturing in Noida

Noida (Uttar Pradesh), May 08 (ANI): Samsung has resumed its functioning amid lockdown 3.0 in Uttar Pradesh's Noida. Samsung plant has got permission from Noida administration. Around 3000 workers were brought to factory by buses. Samsung was issued fresh guidelines from Uttar Pradesh Government for its functioning. Certain relaxations have been announced in third phase of lockdown for economic activities. Lockdown was extended till May 17 in view of coronavirus situation.