Here are the business and market updates:
2: 45 PM
Indian federal government bonds rise to 2009 high
The crash in stocks has actually gotten risk-averse financiers looking for security in government bonds; this has increased bond costs and pressed down yields.
2: 00 PM
India’s import expense expected to drop by 10%on oil rate fall
With financial growth anticipated to drop more due to coronavirus issues, the one-third fall in crude oil costs on Monday provides some relief for India which imports most of its oil.
1: 15 PM
Yes Bank shares up 30%on stake sale; SBI down close to 5%
The jump in Yes Bank shares comes after State Bank of India’s announcement on Saturday that it would choose up a stake in the struggling bank.
However the SBI share rate reaction states it all. The shares are down 11%given that Thursday’s close, eliminating almost $4 billion of market value. That costs in the complete expense of the bailout and more landing with Indian’s leading loan provider #yesbankcrisis
— Una Galani (@ugalani) March 9