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CNBC TV18 Market Highlight: Indices posts biggest recovery; Sensex surges 1,325 points, Nifty above 10,000

CNBC-TV18 Market Highlight: Indices posts biggest recovery; Sensex surges 1,325 points, Nifty above 10,000

CNBC-TV18 Market Highlight: Indices posts biggest recovery; Sensex surges 1,325 points, Nifty above 10,000
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Summary

Indian stocks staged their biggest recovery on Friday after a 10 percent crash in the main indices on coronavirus fears triggered a rare trading halt earlier in the day. The Sensex ended 1,325 points higher at 34,103, while the NSE Nifty added 433 points to end at 10,024.

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Thank you, readers! Here are the main highlights from today’s trading session##Thank you, readers! Here are the main highlights from today’s trading session

- Market Records Biggest Intra-day Recovery Ever After 10 percent Lower Circuit

- Sensex and Nifty Gain 16 percent, Midcap Index 15 percent, and Nifty Bank 18 percent From Lows

- Sensex Surges 4,714 Points, Nifty 1,400 Points From Lows

- Nifty Bank Gains 3,815 Points, Midcap Index 1,893 Points From Lows

- 42 Nifty Stocks Close In The Green; Nifty Stocks Gain 7-46 percent From Lows

- Advance-Decline Ratio Improves To 1:1 From Opening Level Of 1:28

- Except Media, All Sectoral Indices Close Higher; PSU Bank, Metal Top Gainers

- Nifty Ends 365 Pts Higher At 9,955 After Intra-day Move Of 1,600 Points

- Sensex Closes 1,325 Pts Higher At 34,103 After Intra-day Move Of 5,400 Points

- Nifty Bank Gains 1,195 Points To 25,166 After Intra-day Move Of 4,300 Points

- Midcap Index Ends 365 Points Higher At 14,608 After Intra-day Move Of 2,000 Points

- IndusInd Bank Surges 46 percent, IDFC First Bank 44 percent From Lows On Telecom Relief

- Bharti Airtel Soars 17 percent, Vodafone Idea 40 percent On Cabinet’s Nod For Relief w.r.t AGR

- Volatility Index Sees An Intra-day Move Of 45 percent

- BSE Adds Market Cap Of Nearly Rs 4 Lakh Crore

Mar 13, 2020 3:47 PM

Closing Bell: Sensex surges 1,325 points, Nifty above 10,000 as indices stage biggest recovery##Closing Bell: Sensex surges 1,325 points, Nifty above 10,000 as indices stage biggest recovery

Indian stocks staged their biggest recover on Friday after a 10 percent crash in the main indices on coronavirus fears triggered a rare trading halt earlier in the day. Indices hit a 10 percent lower circuit a few minutes into today's session - the first time since 2008 - as widespread panic over the coronavirus pandemic gripped global markets. The Sensex ended 1,325 points higher at 34,103, while the NSE Nifty added 433 points to end at 10,024. The rupee, which earlier fell to a record low of 74.5075 against the dollar also reversed losses to trade about 0.4 percent stronger at 73.99.

Broader markets also recovered with the Nifty Midcap and Nifty Smallcap indices up 2.7 percent and 1.4 percent, respectively. Among stocks, SBI, Tata Steel, HDFC, Sun Pharma, and BPCL were the top gainers on the Nifty50 index, while UPL, Zee, Asian Paints, Nestle, and Britannia led the losses. All sectors, except Nifty Media. ended the day in the green. Major buying was seen in Nifty PSU Banks, up 11.7 percent followed by Nifty Bank and Nifty Metal, up 5-6.5 percent. 

Mar 13, 2020 3:33 PM

Explained: Why is RBI offering a dollar swap and what does it do?

CNBC-TV18 Market Highlight: Indices posts biggest recovery; Sensex surges 1,325 points, Nifty above 10,000
Mar 13, 2020 3:17 PM

Coronavirus impact: IPL 2020 postponed from March 29 to April 15, says report##Coronavirus impact: IPL 2020 postponed from March 29 to April 15, says report


Moving away from all the market volatility, the Indian Premier League 2020, slated to begin on March 29, has been postponed to April 15, in light of restrictions imposed to contain the spread of the coronavirus outbreak, Cricinfo reported. Cricinfo did not cite a source for the information but added that the decision has been taken by BCCI President Sourav Ganguly and other key officials.

Mar 13, 2020 2:59 PM

This is an opportunity as market valuations become quite compelling, says market expert Deven Choksey##This is an opportunity as market valuations become quite compelling, says market expert Deven Choksey

There is a bearish sentiment in the stock markets and it is important that investors do not get hassled at the moment, said Deven Choksey of KRChoksey Securities in an interaction with CNBC TV-18. "Panic does not long, patience does," he further said. “The question we ask ourselves is whether the business model is right, whether they have the management in place and whether their resources management is proper. If the answer is yes, then we stay on as far as our investment is concerned and that is what we recommend to investors,” he added.

Mar 13, 2020 2:44 PM

Biggest intra-day recovery: SBI, HDFC are the top Nifty gainers at this hour##Biggest intra-day recovery: SBI, HDFC are the top Nifty gainers at this hour

CNBC-TV18 Market Highlight: Indices posts biggest recovery; Sensex surges 1,325 points, Nifty above 10,000
Mar 13, 2020 2:29 PM

HDFC Securities website, app down due to technical glitch##HDFC Securities website, app down due to technical glitch


As investors try to figure out whether or not to invest amid this volatility, HDFC Securities announced that its website and mobile application on Friday suffered 'a technical glitch' disrupting services for its users on a day the Indian markets slumped massively on coronavirus worries. Many customers faced issues in accessing the services on the website and mobile app with the landing page showing, "Error 522...Connection timed out."

Mar 13, 2020 2:11 PM

The biggest intra-day gainers in today's sizzling recovery; IndusInd Bank rises 48%

CNBC-TV18 Market Highlight: Indices posts biggest recovery; Sensex surges 1,325 points, Nifty above 10,000
Mar 13, 2020 1:57 PM

Telecom shares surge after Cabinet said to have approved relief measures; Vodafone Idea up 38%##Telecom shares surge after Cabinet said to have approved relief measures; Vodafone Idea up 38%

As markets recovered after hitting lower circuit, telecom stocks also surged after Cabinet likely approved relief measures for the telecom operators. The S&P BSE telecom index- comprising of 13 stocks – rose as much as 7.20 percent. Shares in Vodafone Idea and Bharti Airtel surged as much as 38.09 percent and 9.99 percent respectively on the BSE.

Mar 13, 2020 1:42 PM

Market Update: Biggest Intra-day Recovery##Market Update: Biggest Intra-day Recovery


- Market Back At Day’s High After Hitting 10 percent Circuit In Opening Hour

- Market Records Biggest Intra-day Recovery Ever, Nifty Back At 9,900

- Sensex, Nifty and Midcap Index Gain 14 percent, Nifty Bank 15 percent From Lows

- Sensex Up 4,400 Points, Nifty 1,300 Points From Lows

- Nifty Bank Gains 3,500 Points, Midcap Index 1,700 Points From Lows

- Down Futures Up 1,300 Points From Lows

- 40 Nifty Stocks Are Now In The Green Against Nil In Opening Hour

- Nifty Stocks Gain 7-46 percent from Lows; SBI, IndusInd Bank and BPCL Top Gainers

- Advance-Decline Ratio Improves To 1:1 From Opening Level Of 1:28

- All Sectoral Indices Are In The Green; PSU Bank, Pharma Gain The Most

- Volatility Index Sees An Intra-day Move Of 45 percent

Mar 13, 2020 1:25 PM

Sensex reclaims 34,000, Nifty 10,000 in the biggest intra-day recovery##Sensex reclaims 34,000, Nifty 10,000 in the biggest intra-day recovery

Mar 13, 2020 1:11 PM

Bitcoin plummets 50 percent; nearly $100 bn value wiped out##Bitcoin plummets 50 percent; nearly $100 bn value wiped out


After stock markets, oil, and rupee, virtual currency Bitcoin also plummetted amid wild volatility in cryptocurrency markets, with traders citing a sell-off across assets as fears of the economic damage from the coronavirus pandemic take hold. The biggest cryptocurrency slumped as much as 32 percent to $3,915, its weakest since March 2019, before clawing back most of that loss. Bitcoin’s market capitalisation, or the total value of the entire cryptocurrency, crashed $93.5 billion in the space of 24 hours, according to Coinmarketcap.com.

Mar 13, 2020 1:06 PM
Mar 13, 2020 12:52 PM

Indices recover: Here are the top Sensex gainers and losers at this hour##Indices recover: Here are the top Sensex gainers and losers at this hour

CNBC-TV18 Market Highlight: Indices posts biggest recovery; Sensex surges 1,325 points, Nifty above 10,000
Mar 13, 2020 12:39 PM

Aditya Narain of Edelweiss Securities believes its time to sit it out and wait##Aditya Narain of Edelweiss Securities believes its time to sit it out and wait


With markets turning volatile after hitting a lower circuit amid coronavirus scare, Aditya Narain, head of research, institutional equities at Edelweiss Securities believes that this is the time to sit it out and wait for the stocks you want to buy. “It could be a basket, it could be that these have been the standouts or the holdouts and when there is capitulation, at the end of the day you go for the biggest holdings that you have in your portfolio so it could possibly be a combination of some of these things that is leading to this kind of a market," he explained.

Mar 13, 2020 12:23 PM

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