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Next Nifty level circuit level at 8,151.65, down 15%
Markets across Asia collapse: Nikkei down 8.5%, Shanghai 3.3%, Hang Seng 6%, Singapore 5%, Kospi 8%
Sensex, Nifty, Bank Nifty hit 3-year lows
Top 10 losers in 30-share index BSE Sensex; stocks down 13-16%
Price as on 13 Mar, 2020 09:46 AM, Click on company names for their live prices.
Pre-open trade now at 10.05am; market trading to resume from 10.20 onwards
Top 5 index contributors right now
S&P BSE Information Technology biggest sectoral loser, down over 12%
Market trading halted for first time since May 2008
BREAKING: Market trading halted for 45 minutes
BREAKING: Nifty plunges 10%, hits lower circuit; markets halt trading
Sensex below 30,000, Nifty only 50 points away from circuit
OPENING BELL: Sensex bleeds 2,400 points, Nifty below 8,900; Maruti, TechM plunge 10% each
Rupee falls 16 paise to 74.41 against the US dollar, lowest since October 2018
Singapore trading sets stage for gap-down start
Nifty futures on the Singapore Exchange traded 751 points or 7.84 per cent lower at 8,828.75, indicating a gap-down start for Dalal Street.
Tech view: Nifty may test 8,900 level
The next meaningful support on the downside is placed between 8,900 and 9,100 levels, but the levels are likely to be breached at open itself. “Investors should refrain from catching the falling knife, said Manav Chopra, CMT, Head Research for Equity at Indiabulls Securities.
Asian markets plunges up to 10%
Shares have plunged in Asia, with Japan’s benchmark sinking 10 per cent after Wall Street suffered its biggest drop since the Black Monday crash of 1987. South Korea’s Kospi sank 8.1 per cent, Australia’s S&P ASX200 gave up 7.6 per cent and Hong Kong’s Hang Seng shed 6.3 per cent, AP reported.
Oil headed for worst week since 1991
Oil prices fell on Friday for a third day, with Brent crude set for its biggest weekly drop since 1991 and US crude heading for the worst week since 2008 as panic about plunging demand from the coronavirus outbreak grips the market. Brent crude was down 67 cents, or 2 per cent, at $32.55 a barrel.
US stocks tank 10% in overnight trade
The Dow Jones Industrial Average index fell 2,352.60 points, or 9.99 per cent, to 21,200.62. The 30-stock index had its biggest one-day percentage drop since the 1987 Black Monday market crash, when it collapsed by more than 22 per cent. The S&P 500 decreased 260.74 points, or 9.51 percent, to end at 2,480.64. The Nasdaq Composite Index shed 750.25 points, or 9.43 per cent, to 7,201.80.
Gold prices set for biggest weekly loss in 7 years
Gold prices fell further on Friday and were on track to post their biggest weekly drop in nearly seven years, as a rout in global equities forced investors to cover margin calls. Spot gold was down 0.9 per cent to $1,562.30 an ounce, after a more than 3 per cent sell-off in the previous session.
FIIs sell Rs 3,475 crore worth of stocks
Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 3,475 crore on Thursday, data available with NSE suggested. DIIs were net buyers to the tune of Rs 3,918 crore, data suggests.
Sensex on Wednesday
The Sensex closed at 32,778.14, lower by 2,919.26 or 8.18 per cent from its previous close of 35,697.40. It had opened at day’s high of 34,472.50 and fell 3,200 points to touch an intra-day low of 32,493.10.
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