US stocks plummet, Dow loses nearly 3,000 pts over COVID-19

New York, March 17 (IANS) US equities plunged on Monday with Dow closing about 3,000 points lower, as panic selling continued over COVID-19 fallout.

The Dow Jones Industrial Average fell 2,997.10 points, or 12.93 per cent, to 20,188.52. The…

Market recovers, Sensex gains 600 points

Mumbai (IANS) In a largely volatile trading session so far, the key Indian equity indices on Tuesday recovered from their early losses to trade in the green.

The BSE Sensex rose over 600 points, and the Nifty50 on the National Stock Exchange…

Govt mulls relief package; may reduce charges for domestic airlines: Sources

New Delhi (IANS) The Centre is mulling a relief package to save Indias aviation sector which has been ravaged by the outbreak of coronavirus, sources said.

At present, the sector is the worst affected due to the outbreak. Airlines are forced…

Nifty below 9,000, Sensex tanks 900 points as volatility rises

Mumbai (IANS) Indian stock markets erased all its gains made during the day amid a largely volatile trade as the NSE Nifty50 traded below the psychological mark of 9,000 points.

The BSE Sensex also slumped over 900 points to traded well below…

Depositors' money safe, don't see panic withdrawals: Yes Bank

Mumbai, March 17 (IANS) With normal banking services in Yes Bank to resume at 6 p.m. on Wednesday, the private sector bank's administrator and new investors assured all deposit holders that their savings in the bank were absolutely safe and customers…

US Fed slashes rates to near zero over COVID-19

Washington (IANS) The US Federal Reserve has cut its benchmark interest rate by a full percentage point to near zero and will increase its bond holdings by at least $700 billion amid mounting fears over COVID-19 outbreak.

"The coronavirus outbreak…

Market in Red: Sensex falls 2,100 points, Nifty below 9,500

Mumbai (IANS) Coronavirus fears continued to weigh on the investor sentiments as the BSE Sensex plunged over 2,100 points on Monday.

The Nifty50 on the National Stock Exchange also dropped over 500 points to fall below the 9,500 mark.

At…

AGR: Vodafone Idea pays Rs 3,000 cr, says principal amount paid

New Delhi (IANS) Vodafone Idea on Friday has said that it has cleared the principal amount towards AGR dues as it paid Rs 3,354 crore to the Department of Telecommunications (DoT) on Monday.

The payment comes a day ahead of the Supreme Court's…

Karnataka Bank allays fear and panic about safety of deposits

Mangaluru (IANS) The Karnataka Bank has reached out to its shareholders to allay any fear and panic about the safety of deposits and health of the Bank, and not to be carried away by any misleading and concocted reports on India Today channel about…

Stock indices expected to bounce back next week

New Delhi (IANS) The key Indian stock indices -- S&P BSE Sensex and the NSE Nifty50 -- might get a reprieve from the massive bouts of volatility that have been witnessed lately, as market observers predict a temporary bounce back.

The two key…