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Market Wrap, April 13: Here's all that happened in the markets today


Breaking away from a range-bound trade, the benchmark indices zoomed over 1 per cent in the last-hour of trade on Tuesday amid broad-based buying after the union government said that it is speeding up emergency approvals for foreign-made vaccines that have been granted emergency use authorisation in other countries amid alarming spike of coronavirus infections across India.
This comes after the Centre approved a third vaccine Russia s Sputnik V for emergency use authorisation.
Barring the Nifty IT and Pharma indices, which ended over 3 per cent and 1 per cent lower, respectively on the back of profit-booking, all other sectoral indices ended the day in the green. ....

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Hopes of more vaccine approvals send Sensex rebounding after its worst day in 6 weeks


Hopes of more vaccine approvals send Sensex rebounding after its worst day in 6 weeks
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Benchmark indices Sensex and Nifty partially recovered sharp losses in the previous session.
The S&P BSE Sensex index surged 744.05 points or 1.55% to touch 48,627.43 at the strongest level of the day.
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NEW DELHI: As soon as stock market bulls got a whiff of likely more vaccine approvals in the coming days that would reduce the possibility of lockdowns, benchmark indices surged on Tuesday, partly recovering sharp losses in the previous session.
The market saw a partial reversal of speculative unwinding witnessed on Monday. Bulls again took charge in afternoon deals as the ongoing battle between the coronavirus and vaccine tilted in favour of the latter with approval of the third vaccine, with hopes of many more to come. ....

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Yes Bank, SBI Cards top bought large cap stocks for MFs in March


Yes Bank, SBI Cards top bought large cap stocks for MFs in March
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New Delhi: A branch office of Yes Bank after it resumed full-fledged banking operations, in New Delhi on March 18, 2020. There were initial glitches with customers complaining of problems in using online banking services and the mobile app.The 13-day. Image Source: IANS News
Mumbai, April 13 : As equity linked mutual funds schemes witnessed net inflows for the first time in nine months in March, Yes Bank, SBI Cards and Payment Services, and Havells India Ltd were among the the top bought stocks in large cap by mutual funds last month. ....

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Investors poorer by Rs 8.69 lakh crore as Covid 2.0 spooks D-Street bulls


Investors poorer by Rs 8.69 lakh crore as Covid 2.0 spooks D-Street bulls
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Further imposition of lockdowns and all-time high Covid-19 cases have dragged the market to a monthly low.
The S&P BSE Sensex index tumbled 1,897.88 points or 3.82% to hit 47,693.44 at the weakest level during the session.
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NEW DELHI: As India recorded its highest ever surge in new Covid-19 cases, investors dumped whatever they could get their hands on, pushing benchmark indices downhill on Monday. A weakening rupee also made Dalal Street equities unattractive.
Further imposition of lockdowns and all-time high Covid-19 cases have dragged the market to a monthly low. This is expected to impact economic growth in the first quarter of FY22 by a wider margin than anticipated earlier. ....

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