Sensex tumbles 2,919 points, biggest-ever in absolute terms. Over Rs 11 trillion worth of investor wealth wiped out. Global stock rout deepens amid growth concerns
January's industrial and manufacturing production data and retail inflation for February are slated to be declared later in the day
The carnage in the equity market wiped out investor wealth worth Rs 6,84,277.65 crore, taking the total m-cap to Rs 1,37,46,946.76 crore on the BSE at the end of Monday's trading session.
The m-cap of BSE-listed companies stood at Rs 1,44,31,224.41 crore at the end of trading on Friday.
The bank has also experienced serious governance issues and practices in the recent years which have led to steady decline of the bank
Yesterday, the SBI said its board had given in-principle approval to consider an "investment opportunity" in YES Bank although no decision had yet been taken to pick up stake in the bank
Telecom stocks are likely to remain in focus today as the government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the SC order
Apart from the coronavirus newsflow, investors will await the release of India Service PMI numbers for February to be released today
Today is the second day for SBI Card's IPO. Despite the volatility in the market, the Rs 10,350-crore initial public offering of SBI Cards and Payment Services was off to a good a start on Monday
In the primary market, the initial public offer of SBI Cards and Payment Services will open today. The company expects to raise around Rs 10,341 crore from the IPO
Investors will also await the GDP numbers for the third quarter of FY20 to be released later in the day. Most experts peg the number closer to 5 per cent
Adding to the cautious mood on the Dalal Street will be the expiry of the February series derivative contracts today and the release of the Q3 GDP data tomorrow
Currently, the country's largest bourse has eight board members, which includes four PIDs and three shareholders
The SGX Nifty is indicating a gap-down opening for the domestic indices today
Among individual stocks, HDFC Life Insurance Company, Bandhan Bank, and Info Edge will be in focus today as they are set to be added in the Futures & Options segment effective February 28
While investors will continue to monitor developments on the coronavirus front, the release of India's December quarter GDP numbers on Friday will be another top trigger for the markets
According to analysts, the Nifty is witnessing firm support in sub -12,100 zone
Promoters' voting rights would stand curtailed to 20% until March, and reduce further to 15% from April
Reliance Industries has said it is consolidating its media and distribution business spread including TV18 Broadcast, Hathway Cable & Datacom, DEN Networks into Network18
According to report, telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices are likely to make payment for the adjusted gross revenue dues today