Covid-19 hits investment banking revenues
According to Refinitiv, investment banking revenues in India fell 33.6% in the first quarter of 2020 to $222 million from a year ago, the lowest since 2016 ($112.9 million).
novel cornoavirus
April 2020
March 2020
Markets accord red welcome to FY21
Day 1 of the new fiscal saw benchmark indices in the red all through the day; they closed 4% lower.
IndusInd Bank’s tale of circuits and trouble
After the change of guard at the leading private bank, its stock has witnessed 10 upper and lower circuits in the last five trading sessions.
FPIs record their worst March in 19 years
Foreign portfolio investors pull out ₹1.18 lakh crore this March, the highest outflow since 2002.
Markets continue to be virus-hit
Equity markets are back to tracking Covid-19 numbers amid fears of global recession. The Sensex and the Nifty 50 closed over 1,375 points and 379 points lower compared to Friday’s close.
Markets end in the green for 3rd consecutive day
Shorts’ covering on expiration day of March futures and options contracts helped the Sensex and the Nifty 50 gain 1,410 and 323 points each.
Markets rally on stimulus package hopes
Benchmark indices in India take cues from global markets which rallied on expectations of stimulus packages; the Sensex gained over 1,861 points and the Nifty 50 over 496 points over Tuesday’s close.
Markets end in the green
Positive global cues and hope of a government stimulus helped the markets recover after a 13% decline on Monday. Both the benchmark indices jumped over 5.6% before closing 2.5% higher on Tuesday.
MARKETS TOUCH A NEW LOW
Volatility in global markets continues due to Coronavirus pandemic; the benchmark BSE Sensex and Nifty 50 fall over 7% to record their respective new 52-week lows.
MARKETS MAKE A U-TURN ON FRIDAY
Friday saw benchmark indices tanking over 10%, which caused trading to halt for an hour. When trading resumed, they gained over 16% in intraday before closing 4% higher than Thursday’s close.
