-
ALSO READ
Sensex, Nifty end lower after choppy trade; PSU banks continue to slide Sensex ends marginally lower, Nifty holds 10,400; PSU banks outperform Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points Sensex ends 130 pts lower, Nifty a tad above 10100; PSU banks, realty fall Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain -
'Client concentration' prompts curbs on stocks, says exchanges Leading bourses BSE and National Stock Exchange (NSE) said “client concentration” was among the why they had imposed trading restrictions on stocks. On Wednesday, both BSE and NSE had imposed an “additional surveillance measure (ASM)” on 20 stocks. Under this, a stock is only allowed to move in a price band of five per cent. Additionally, trading members have to provide 100 per cent margins for dealing in these stocks. The list of stocks under ASM includes Vakrangee, Bombay Rayon Fashions, FCS Software Solutions and Gitanjali Gems. The move took traders by surprise. READ MORE BSE500 Volume Toppers: COMPANY NAME LATEST HIGH LOW CHG () CHG(%) VALUE ( CR) VOLUME REL. COMM. 23.30 23.45 22.00 -0.55 -2.31 15.44 6815302 JP ASSOCIATES 17.10 17.60 16.70 -1.00 -5.52 10.99 6403195 HIND.CONSTRUCT. 24.55 25.30 21.80 0.65 2.72 14.07 5861415 UNITECH 5.74 5.84 5.63 -0.22 -3.69 2.15 3749102 SUZLON ENERGY 10.86 10.99 10.75 -0.36 -3.21 3.67 3372485 BSE Smallcap top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME 63 MOONS TECH. 87.35 97.15 -9.80 -10.09 407632 TPL PLASTECH 447.80 495.60 -47.80 -9.64 176174 ADF FOODS 198.00 215.35 -17.35 -8.06 107562 DIAMOND POWER 8.77 9.52 -0.75 -7.88 231210 JBF INDS. 96.00 103.80 -7.80 -7.51 26469 Infosys nudges higher after investment in firm Infosys rose 0.67% to Rs 1,166.55 on BSE after the company announced that it has made a follow-on investment of US$ 1.5 million in a data science firm. The announcement was made after market hours on Thursday, 22 March 2018. READ MORE Investors lose Rs 18 trillion in two months; SBI lose Rs 727 billion Investors have lost a whopping amount of Rs 18 trillion in the stock market in past two months with Rs 2.3 trillion being wiped out in Friday’s trade so far, amidst a global sell off over concerns related to a trade war between the US and China. The S&P BSE Sensex and Nifty 50 index were down 1.4% today, falling 10% in past two months. Total investor wealth, measured in terms of cumulative market value of all listed stocks on BSE, fell by Rs 18 trillion during the period to Rs 138.56 trillion READ MORE MCX launches futures trading in brass for the first time globally Multi Commodity Exchange of India (MCX) on Monday launched futures trading in brass for the first time globally, which will facilitate brass stakeholders to hedge their price risk. The countrys largest commodity exchange will commence futures trading in brass on March 26 and will offer three contracts ending in April, May and June for trading, with a lot size of one tonne. READ MORE
The benchmark indices were trading over 1% lower on Friday tracking losses in the key Asian markets which fell on fears of a global trade war.
In the global markets, stock markets slid and perceived havens such as government bonds and the yen gained on Friday as investors rushed to safety after US President Donald Trump announced long-promised tariffs on Chinese goods, stoking fears of a global trade war.
Investors fear that the US measures could escalate into a trade war, with potentially dire consequences for the global economy.
MSCI’s broadest index of Asia-Pacific shares outside Japan tracked a large overnight drop in Wall Street shares and fell 2.4 per cent, while Japan's Nikkei dropped 3.2 per cent and South Korea's KOSPI retreated 2.3 per cent. Hong Kong's Hang Seng was down 3.6 per cent and Shanghai lost 2.8 per cent.
(with inputs from Reuters)
AUTO REFRESH ON 
RECOMMENDED FOR YOU