Business

Cadila Healthcare shares shot up as much as 15% in early session on Wednesday, topping up the 15% and 5% gain seen in the previous two sessions.

After hitting a high of 28,963.25, the 30-share BSE barometer was trading 1,127.57 points or 4.09 per cent higher at 28,718.52.

The Asian Development Bank said that growth in developing Asia would likely fall to 2.2% in 2020 from 5.2% last year.

The move comes after Finance Minister Nirmala Sitharaman announced that women Jan Dhan account holders would get Rs 500 for three months as part of the coronavirus relief package.

Starting the new financial year on a poor note, the 30-share BSE barometer slumped 1,203.18 points or 4.08 per cent to finish at 28,265.31. Similarly, the NSE Nifty tanked 343.95 points, or 4 per cent, to close at 8,253.80.

J&J began working on the vaccine under investigation in January using the same technology it had used to develop a candidate vaccine for Ebola.

To make it easy for people, the ICICI bank has now launched banking service on WhatsApp. Using this service is as simple as using WhatsApp for other chats.

USA India Chamber of Commerce said the Indian government's decision of announcing financial packages as the virus damaged economy showed the 'political will' to doge the full hit of the pandemic.

Kumar said the relief package announced by the Finance minister is timely, well-intentioned and has combined both cash transfers and primary food requirements for the marginalised sections.

IndusInd Bank, Tech Mahindra, Axis Bank, Sun Pharma and HDFC are among major gainers on Nifty, while losers are Yes Bank, Grasim, JSW Steel, Adani Ports and Maruti Suzuki.

Domestic bourses opened on a positive note on Tuesday with benchmark indices Sensex trading 363.56 points higher at 26,344.80 and Nifty up by 101.15 points at 7,711.40.

To contain the spread of the novel coronavirus, a majority of the states have asked people to maintain social distancing and avoid travel unless necessary.

During the last week, the Sensex plummeted 4,187.52 points or 12.27 per cent as markets were hit hard due to concerns over the impact of coronavirus on the economy.

More analysts now view the economic hit from the coronavirus as a drag for the foreseeable future.

State Bank of India (SBI) shares inched up 1.5% as the board will meet to consider the extension of approval accorded by central board for raising equity capital from market up to Rs 20,000 crore.

The scrip jumped 4.34 % to Rs 956.95 on the BSE and on the NSE, it gained 4.36% to Rs 957.75 in a dramatic jump after shares fell for the fourth day on Thursday.