Tag: market live

Market in India will today react to the rebound in oil prices and global stocks, March quarter earnings, and coronavirus-related newsflow. US crude and Brent futures, both, rose more than 7 percent on Wednesday after touching their lowest levels since 1999 on the prospects for further production cuts. Besides, investors would track the two-day meeting of the economic advisory council which is expected to deliberate on the impact of the COVID-19 pandemic on economic growth in this fiscal year and the next. Read more

Indian equity markets were trading close to 2 percent lower, dragged down by banks, today (18th March) after quickly erasing the opening gains despite a rebound in global stocks. The S&P BSE Sensex hovered around 30,060 levels, down 510 points, or 1.7 percent, and the broader Nifty50 index was down 153 points, or 1.7 percent, at 8,810 level. The Nifty opened the session above 9,100 levels before quickly going downward Among individual stocks, IndusInd Bank was down over 2 percent after opening 5 percent higher. Titan Company slipped 7 percent to its new 52-week low of Rs 921. Shares of Vodafone Idea tumbled as much as 35 percent to Rs 2.91. However, YES Bank continued its up move and surged over 40 percent to Rs 87. The Nifty sectoral indices were trading mixed. Nifty Pharma index, up 1.1 percent, gained the most while Nifty Financial Service index was trading with over a percent cut.The broader market underperformed the benchmarks. The S&P BSE MidCap index slumped 124 points