Daily market wide circuit filter for the Nifty:
Bank Nifty hit fresh 3-year low, down 6.24 percent dragged by Bandhan Bank, IndusInd Bank, Kotak Mahindra Bank, HDFC Bank and ICICI Bank.
#MarketsWithMC | Opening Bell 🔔: #Nifty breaks 8K for the first time since Dec 27, 2016; #Sensex falls 1,700 points#StocksToWatch #StockMarket LIVE: https://t.co/Ilby2POgL7 pic.twitter.com/93ZHnauVLn— moneycontrol (@moneycontrolcom) March 19, 2020
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Benchmark Index Nifty breached 8,500-mark and closed below the same with a loss of 5.56 percent, forming a bearish candle, on March 18.
All the sectoral indices trading lower; Midcap and Smallcap indices fell over 5 percent:
Market Opens: It is another weak start for the Indian indices on March 19 with Nifty breaches 8,000 for the first time since December 27, 2016.
At 09:16 hrs IST, the Sensex is down 1,755.52 points or 6.08% at 27113.99, and the Nifty down 521.25 points or 6.15% at 7947.55. About 117 shares have advanced, 714 shares declined, and 29 shares are unchanged.
Reserve Bank of India (RBI) initiates work from home for its central office staff in Mumbai effective March 19 to 31, CNBC-TV18 source.
South Korean Stock Exchange hits circuit; Check out the historic 52-week high and low touched by the Kospi Index:
RBI intervention curbs volatility in rupee, short-term base around 73.5-73.8/USD
The Reserve Bank of India (RBI) has taken prompt action through dollar swaps due to which the rupee has depreciated far less than other emerging currencies.
Rupee opens at record low: The Indian rupee opened at record low of 74.95 per dollar on Thursday, down 69 paise against previous close 74.26.