Stock market crash: TCS sheds $21 billion in market capitalisation, Infosys $7 billion and Wipro around $3 billion
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The Reserve Bank of India's decision to leave interest rates unchanged for now will also impact sentiment
Former FM says markets have taken a dim view of the 'virtually coerced investment by SBI and private sector banks in the equity of failed YES Bank'
The market capitalisation of BSE-listed companies dropped by Rs 6,25,501.8 crore to Rs 1,23,00,741.02 crore in the opening trade
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
Last week, the finance ministry hauled up the market regulator, seeking immediate action to curb the free fall in the market, sources said
Reliance Industries, HDFC Bank, and ICICI Bank have been the biggest drag on the index performance, given their high weightage
After the markets opened 5% gap-down, the Nifty hit the lower circuit of 10% within five minutes. This led to the halting of trade for 45 minutes
Trading was halted for 45 minutes in early session after the index hit its lower circuit limit.
Together with the RBI, the government is closely monitoring markets, she said on the situation arising out of a panic spread of coronavirus pandemic.
InterGlobe Aviation, the parent of the country's largest airline IndiGo, saw its shares slump 14.08 per cent to hit 52-week low of Rs 875
The rupee, which earlier fell to a record low of 74.5075 against the dollar, also reversed some losses
Trading was halted for 45 minutes in early session after the index hit its lower circuit limit
We need to learn from China and ban short-selling. This would reduce the speculative hammering of the stocks and thereby help in stabilising the markets.
Given this scenario, the market correction is unprecedented as data points did not suggest this kind of mayhem
The Nifty50 breached 8,800 levels for the first time since February 2017, a 3-year low. The S&P BSE Sensex plunged more than 3,000 points to hit a three-year low on Friday
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
The carnage on Dalal Street had eroded investor wealth worth over Rs 11 trillion