The derivatives expiry on Thursday is also expected to add to the volatility.
The event will also hurt PNB's asset quality in the March 2018 quarter. While the finer details of the fraud have not been provided, making it difficult to gauge the exact impact, analysts say it will dent the bank's financials.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
American business tycoon and philanthropist Bill Gates, co-chair of the Bill and Melinda Gates Foundation on Friday announced an emergency relief fund of $700,000 for the flood victims of Jammu and Kashmir.
If you leave too much money lying in your trading account or hand over your securities to brokers, there is always the risk that they could use it to trade in the markets.
The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
Modi, upon arrival, was received by External Affairs Minister Sushma Swaraj.
To be sure, this is not some stunning new revelation that our equity markets are beholden to foreign flows.
Currently, only three have completed more than six months of operation in the space - Fino Payments Bank, Airtel Payments Bank and Paytm
The management was open to attracting qualified people from the US for either short-term or long-term assignments in Roorkee, reports Manu Shah.
N Sundaresha Subramanian digs deeper into what Catalyst, an Indo-US project, brings to the payments ecosystem.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
Before considering reducing the freedom of private investors in the derivatives market, we need to check if the maladies in markets elsewhere exist in India, says Susan Thomas.
Experts suggest six ways to play stocks that tank suddenly and make money as Sanjay Kumar Singh listens in
Premium valuations era started in 2006 and went hand in hand with decline in the US interest rates
A high fashion event can teach you a thing or two about money matters! Intrigued? Then read on to find out more!
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on a weekly basis.
Motilal Oswal of Motilal Oswal Financial Services tells Puneet Wadhwa why he thinks the current market levels will sustain.
Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.
It's also important to understand the rationale behind choosing particular stocks and when to sell.
Longest period of price-earnings expansion in the index since 1996
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
The Union government is keen to ensure financial security for unorganised sector workers
The university will analyse every public tweet since the microblogging site came into existence.
Use of blockchain technology will ensure that banks will not be blindsided like in the case of the Nirav Modi-Mehul Choksi blowout at PNB, says Raghu Mohan.
More than 10% (40 of 498 companies) have lost at least half their market value.
Investing in special situations can help you tap opportunities that arise during adverse conditions, advises Joydeep Sen.
For equity investors, the risk-to-reward ratio is worsening.
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
The need of the hour, as the Supreme Court readies to rule on the constitutionality of Aadhaar, is for the UIDAI to fix the bugs, says Geetanjali Krishna, in the second and final part of her series.
Tendering the shares in an open offer will lead to higher taxation.
As its factories resumed operations after over two-month of grim battle against coronavirus, China is busy tapping into the vast business opportunities of export of key medical goods, specially ventilators and personal protection equipment (PPE), across the world, including India, where both private and government bodies are placing orders for the import of these products.
Within the next 3 months, most brokers will enable you to intelligently invest via mobiles in MFs, FDs, and IPOs.
The best possible move would be for the government to spend the funds on activities like infrastructure development or as it deems fit, says Soumya Kanti Ghosh.
India's soft power diplomacy came into play during this cataclysm affecting the world as the pandemic defies barriers and borders, notes Rup Narayan Das.
At the time of filling the KYC (Know Your Customer) documents (when joining), do not sign wherever you are asked to. In particular, look closely at the power of attorney (PoA) section, experts tell Sanjay Kumar Singh
There are some advantages of a falling rupee.
A glance back at some of the important ups and down Indian Inc faced in 2018.
