The Indian equity markets climbed off the day's high but were still trading with gains as Finance Minister Nirmala Sithamran announced various relief measures and package to help the poor and fight the downturn caused by the coronavirus outbreak.
The Prime Minister Gareeb Kalyan scheme worth Rs 1.7 trillion will have two parts — cash transfer and food security, said the Finance Minister. READ MORE
Frontline index S&P BSE Sensex was up 900 points, or 3.16 per cent, at 29,430 levels, and the Nifty50 index hovered around 8,540 level, up 220 points, or 2.67 per cent.
Among individual stocks, IndusInd Bank bucked its downtrend to surge over 40 per cent intra-day. Besides, ICICI Bank and HDFC (both up 12 per cent) and HDFC Bank (up 8 per cent) were among the top contributors to Sensex's up move.
All the Nifty sectoral indices were trading in the green, led by Nifty Private Bank index, up over 10 per cent. Nifty Bank index also rose 9 per cent.
In the broader market, the S&P BSE MidCap index was up 3.8 per centand the S&P BSE SmallCap index surged 4.7 per cent.
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02:26 PM
Nifty Bank index falls nearly 800 pts from day's high
02:23 PM
SECTOR WATCH :: Nifty FMCG index gains after FM's package announcement; HUL, ITC up 4% each
02:20 PM
MARKET UPDATE:: Sensex off day's highs post FM's announcements
02:02 PM
NEWS ALERT | Will direct states to use District Mineral Fund for medical testing and screening activities for Covid-19: FM Sitharaman
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02:00 PM
NEWS ALERT | Centre to direct state govt to utilise Welfare Funds for construction workers: FM Sitharaman
>> Corpus of Welfare Fund is worth Rs 31,000 crore
>> 3.5 crore registered workers to be benefitted
01:57 PM
NEWS ALERT | Govt to amend the regulations governing EPF scheme : FM
>> Amendment to allow workers to withdraw 75% of non-refundable contingency funds or 3 months wages whichever is lower
>> To benefit 4.8 crore workers
01:53 PM
NEWS ALERT | Govt shall pay the 24% EPFO contribution for the next 3 months: FM
>> EPFO contribution for, both, employer and employee (12% each)
>> For establishments having up to 100 employees
>> 90% of employees earning less than Rs 15,000 per month
01:50 PM
NEWS ALERT | Collateral free loan up to Rs 20 lakhs for Women SHGs will be available
>> 7 crore households to benefit
Alert: SHG is Self Help Group
01:48 PM
Market update :: indices trim gains; financials still trade firm
01:47 PM
NEWS ALERT | Women under Ujjwala scheme to get free LPG cylinders for 3 months: FM Sitharaman
>> 8.3 crore below poverty line (BPL) families to benefit
Ujjwala scheme, LPG
The Prime Minister Gareeb Kalyan scheme worth Rs 1.7 trillion will have two parts — cash transfer and food security, said the Finance Minister. READ MORE
Frontline index S&P BSE Sensex was up 900 points, or 3.16 per cent, at 29,430 levels, and the Nifty50 index hovered around 8,540 level, up 220 points, or 2.67 per cent.
Among individual stocks, IndusInd Bank bucked its downtrend to surge over 40 per cent intra-day. Besides, ICICI Bank and HDFC (both up 12 per cent) and HDFC Bank (up 8 per cent) were among the top contributors to Sensex's up move.
All the Nifty sectoral indices were trading in the green, led by Nifty Private Bank index, up over 10 per cent. Nifty Bank index also rose 9 per cent.
In the broader market, the S&P BSE MidCap index was up 3.8 per centand the S&P BSE SmallCap index surged 4.7 per cent.
CATCH ALL THE LIVE UPDATES
Auto Refresh
02:26 PM
Nifty Bank index falls nearly 800 pts from day's high
02:23 PM
SECTOR WATCH :: Nifty FMCG index gains after FM's package announcement; HUL, ITC up 4% each
02:20 PM
MARKET UPDATE:: Sensex off day's highs post FM's announcements
02:02 PM
NEWS ALERT | Will direct states to use District Mineral Fund for medical testing and screening activities for Covid-19: FM Sitharaman
]
02:00 PM
NEWS ALERT | Centre to direct state govt to utilise Welfare Funds for construction workers: FM Sitharaman
>> Corpus of Welfare Fund is worth Rs 31,000 crore
>> 3.5 crore registered workers to be benefitted
01:57 PM
NEWS ALERT | Govt to amend the regulations governing EPF scheme : FM
>> Amendment to allow workers to withdraw 75% of non-refundable contingency funds or 3 months wages whichever is lower
>> To benefit 4.8 crore workers
01:53 PM
NEWS ALERT | Govt shall pay the 24% EPFO contribution for the next 3 months: FM
>> EPFO contribution for, both, employer and employee (12% each)
>> For establishments having up to 100 employees
>> 90% of employees earning less than Rs 15,000 per month
01:50 PM
NEWS ALERT | Collateral free loan up to Rs 20 lakhs for Women SHGs will be available
>> 7 crore households to benefit
Alert: SHG is Self Help Group
01:48 PM
Market update :: indices trim gains; financials still trade firm
01:47 PM
NEWS ALERT | Women under Ujjwala scheme to get free LPG cylinders for 3 months: FM Sitharaman
>> 8.3 crore below poverty line (BPL) families to benefit
Ujjwala scheme, LPG
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