Coronavirus LIVE updates: No entry of passengers from EU countries, UK, Turkey from March 18, says govt
What should you do with laggards in your mutual fund portfolio?
It has been a tough few years for mutual fund investors with all schemes, barring just a handful, turning out to be laggards.
Oil Updates: Oil prices rose more than USD 1 as the recent sharp falls due to the coronavirus pandemic encouraged bargain hunters to come forward, although the market remains volatile as the spread of the infection disrupts economies and hurts demand.
#MarketsWithMC | Opening Bell 🔔: #Nifty opens above 9,200, #Sensex gains 300 points despite no rate cut from RBI#StocksToWatch #StockMarket | LIVE: https://t.co/BzV8vxNbiO pic.twitter.com/PIwklqwcEE
— moneycontrol (@moneycontrolcom) March 17, 2020
Market Opens: After a positive start, the benchmark indices gave up all its gains on March 17 with Nifty around 9,100 level
The Sensex is down 298.17 points or 0.95% at 31091.90, and the Nifty down 73.40 points or 0.80% at 9124. About 359 shares have advanced, 434 shares declined, and 32 shares are unchanged.
Losers are HDFC Bank, Zee Ent, Titan, HDFC, Kotak Mahindra Bank, UPL and Grasim Industries.
Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitesh Thakkar for short term
Mitesh Thakkar of miteshthakkar.com recommends buying Asian Paints with a stop loss of Rs 1669 for target of Rs 1715 and Hindustan Unilever with a stop loss of Rs 1925 for target of Rs 1975.
Rupee Opens: The Indian rupee opened higher by 14 paise at 74.13 per dollar on Tuesday versus 74.27 yesterday.
Market at pre-open: Benchmark indices are trading flat to negative in the pre-opening session.
At 09:01 hrs IST, the Sensex is down 33.47 points or 0.11% at 31356.60, and the Nifty down 76.55 points or 0.83% at 9120.85.
Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking:
Continued outflows from domestic equities due to compounding concerns about the economic impact of virus outbreak has led to further weakness in the Indian rupee. As long as the support of 74.50 mark holds, some recovery may be seen where it can appreciate towards 73.80-73.50 mark. On the contrary, any breach below the mentioned support of 74.50 mark is expected to push the domestic currency further on the downwards trajectory towards 75.50 mark.
Coronavirus updates: Canadian Prime Minister Justin Trudeau has said that he will close the country’s borders to anyone not a citizen or a permanent resident and asked all Canadians to say home amid the coronavirus pandemic.
