INSUBCONTINENT EXCLUSIVE:
Market updates: Losses in financial, metal and pharma stocks pulled the markets lowerDomestic stock markets started Thursday's session on
a lower note, with the S-P BSE Sensex falling more than 300 points in early deals, amid weakness in Asian peers
The broader NSE Nifty benchmark declined as much as 102.55 points to hit 11,257.35 in the first few minutes of trade
Losses in banking and financial services, metal and pharma stocks pulled the markets lower
At 9:21 am, the Sensex traded 301.18 points - or 0.79 per cent - lower at 38,004.23 while the Nifty was down 94.10 points - or 0.83 per cent
Top percentage losers on the 50-scrip benchmark index at the time were Axis Bank, Hindalco, Coal India, Larsen - Toubro and Sun Pharma,
trading between 1.99 per cent and 4.00 per cent lower
The markets remained shut for Mahatma Gandhi Jayanti the next day.Yes Bank Shares Surge After CEO Says Lender's Performance "Absolutely
Sound"Yes Bank shares surged as much as 29.38 per cent, after chief executive Ravneet Gill said the recent drop in the stock price does not
reflect the lender's performance
"The operating metrics of the bank, the performance of the bank is absolutely sound," the CEO said on a conference call
Yes Bank shares had declined 42.91 per cent in five straight days of fall.Sensex Opens 168 Points Lower, Nifty Starts Session At 11,322The
S-P BSE Sensex index opened 167.54 points - or 0.44 per cent - lower at 38,137.87 and the broader NSE Nifty benchmark started the session at
11,322.25, down 37.65 points - or 0.33 per cent - from its previous close.Sensex Falls Over 150 Points In Pre-Open MarketThe S-P BSE Sensex
index declined as much as 190.04 points to 38,115.37 in the pre-opening session
DaysThe S-P BSE Sensex index has declined a total 684.33 points in the past three consecutive sessions, marking a decline of 1.76 per cent,
and the broader NSE Nifty benchmark fallen 211.3 points - or 1.83 per cent
That is in line with a similar three-day fall in the Nifty Bank index - comprising shares of 12 major lenders in the country, which has
descended 4.26 per cent.Banking System Safe And Stable, No Need To Panic: RBIThe Reserve Bank of India (RBI) on Tuesday assured the general
public that the banking system is safe and stable and there is no need for panic based on rumours
The RBI statement came following an intraday plunge of 1.30 per cent in the the Nifty Bank index amid a barrage of negative news from the
sector.Banking Stocks To Be In Focus TodayAt 8:34 am, the SGX Nifty futures were down 4.50 points - or 0.04 per cent - at 11,351.00
declined around 1 per cent hurt by a selloff across sectors led by banking and financial services stocks
phase of "loan melas" in 250 districts from today
An outreach programme initiated by government banks, the "loan melas" are aimed at meeting the demand of borrowers during the festival
customers as well as micro-small and medium enterprises (MSMEs) on the spot
The second phase of "loan melas" will be held in 150 districts, starting from October 21.RBI Seen Cutting Key Interest Rates On FridayThe
Reserve Bank of India's Monetary Policy Committee will meet for the second day today, and release its fourth bi-monthly policy statement
at the end of the final day on Friday
Many analysts expect the central bank to cut the repo rate once again
the repo rate by 25 basis points (bps) to 5.15 per cent, which would take cumulative cuts so far this year to 135 bps, according to news
Bank also said its liquidity position remains "well in excess of regulatory requirements"
Its liquidity coverage ratio - a measure of highly liquid assets held by a financial institution - was in excess of 125 per cent as on
Financial institutions are required to maintain a liquidity coverage ratio of 100 per cent.Yes Bank Share Price In Focus TodayYes Bank said
statement from the private sector lender came a day after the Yes Bank stock nosedived as much as 29.92 per cent during the session before
paring some of those losses to still close at its lowest level recorded in over a decade
In a regulatory filing, Yes Bank said its "financial and operating metrics remain intrinsically sound and stable".Asian Markets Fall On
outside Japan dropped 0.38 per cent
Japan's Nikkei stock index fell 1.96 per cent and Australian shares declined 2.19 per cent
Asian markets have already been under pressure on concerns about global growth and the US-China trade war.SGX Nifty Futures Indicate
Flat-To-Negative Opening For Domestic MarketsDomestic stock markets are likely to open on a flat to negative note amid weakness in Asian
At 8:08 am, The Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty benchmark index in
