sensex today: Live: Sensex crashes 1,100 pts on global selloff; Nifty slips below 11,350; all index stocks in the red

The ongoing selloff is in line with global selloff. It is a risk off market right now that is why gold prices have also surged in the recent past. Global market is quite in panic with the spread of coronavirus front. Till the market doesn’t see any relief from the virus, we may see sideways to negative movement going forward.

– Jay Anand Thakkar, CMT Assistant Vice President-Equity Research, Anand Rathi

Rupee opens 37 paise down at 71.93 ahead of GDP data

The rupee on Friday opened 37 paise down at 71.93 against the US dollar ahead of GDP data, which is scheduled to be released later in the day. There are expectations that the GDP growth will stay flat at 4.5 per cent in the October-December 2019, economists at SBI said on Wednesday. They also said that India faces the risk of getting impacted by coronavirus epidemic economically because of its high reliance on Chinese imports for various goods.

Stock investors lose Rs 10 lakh crore in 6 trading sessions

Investor wealth on Dalal Street tumbled by a whopping Rs 10 lakh crore in six trading sessions as concerns over coronavirus becoming a pandemic made investors flee riskier assets. Market capitalisation of BSE-listed firms declined to 148.53 lakh crore in Friday’s early trade against Rs 158.71 lakh crore on February 19. The benchmark BSE Sensex tumbled 2,661 points to 38,661 from 41,323 during the same period.

YES Bank, Tata Motors, GMR Infra among most active stocks on NSE

Price as on 28 Feb, 2020 09:29 AM, Click on company names for their live prices.

OPENING BELL | Sensex crashes 1,000 pts on global selloff; Nifty slips below 11,400; all index stocks in the red

Pre-open session: Sensex falls 300 points, Nifty below 11,500; rupee opens at 71.93 against US dollar

Singapore trading sets stage for gap-down start

Nifty futures on the Singapore Exchange traded 169.50 points, or 1.46 per cent, lower at 11,439.50, indicating a gap-down start for Dalal Street.

Tech view: Nifty forms Hammer candle

Late buying aided NSE benchmark Nifty50 form a Hammer-like candle on the daily chart on Thursday. Supports shifted lower, as suggested by the formation of lower highs and lows for the fourth straight session. Analysts believe the market may find temporary support at current levels.

Global shares head for worst week since 2008

On Friday, The Nikkei 225 lost 3.08 per cent, or 676.55 points, to 21,271.68. The Hang Seng Index plunged 1.98 per cent, or 529.56 points, to 26,249.06. The benchmark Shanghai Composite Index shed 2.23 per cent, or 66.69 points, to 2,924.64. MSCI all country world index fell 3.3 per cent to bring its losses so far this week to 8.9 per cent, on course for its biggest weekly decline since a 9.8 per cent plunge in November 2008.

Dow suffers record decline in points

Dow Jones posted its largest-ever points drop on Thursday as Wall Street led stocks across the globe lower, with traders fretting over the economic impact of the spreading coronavirus. The index fell 1,190.95 points, or 4.42 per cent, to 25,766.64, the S&P500 index lost 137.63 points, or 4.42 per cent, to 2,978.76 and the Nasdaq Composite dropped 414.30 points, or 4.61 per cent, to 8,566.48. The near 1,200-point drop for the Dow was its largest ever for a single session.

Gold prices rise on safe haven demand

Gold prices inched higher in global markets on Friday as worries intensified that the rapidly spreading coronavirus could turn into a pandemic and derail global economic growth. Spot gold gained 0.2 per cent to $1,645.79 per ounce and was up about 0.1 per cent for the week.

Crude prices drop to $50.66 a barrel

Brent crude oil futures fall over $1 to $50.66 a barrel in Friday’s trade. On the daily technical chart, a bearish wedge forming between December 26 and January 31suggests a target around $38.79, the 100 per cent projection level of a C from $75.60. A realistic target will be $47.48, which is near $48.48 (hourly chart), Reuters reported.

South Korea virus cases top 2000

South Korea reported 256 new coronavirus cases on Friday, taking its total — the highest in the world outside China — to 2,022, the Korea Centers for Disease Control and Prevention said. More than 90 per cent of the new cases were in Daegu — the city at the epicentre of the outbreak in South Korea — and the neighbouring North Gyeongsang province, it added, with no further deaths keeping the toll at 13.

FIIs sell Rs 3,127 crore worth of stocks

Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 3,127.36 crore on Thursday, data available with NSE suggested. DIIs were net buyers to the tune of Rs 3,497.5 crore, data suggests.

Sensex on Thursday

After plunging over 465.69 points during the day, the 30-share BSE Sensex finally settled 143.30 points, or 0.36 per cent, lower at 39,745.66. Similarly, the broader NSE Nifty fell 45.20 points or 0.39 per cent to end at 11,633.30. The Sensex has now lost 1,577.34 points in five days, while the Nifty has shed 492.60 points.

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