Moneycontrol PRO
HomeNewsPodcastThe Market Podcast | Yes Bank crisis, coronavirus sink D-Street; what next for stocks?

The Market Podcast | Yes Bank crisis, coronavirus sink D-Street; what next for stocks?

Host Jerome Anthony talks to CNBCTV18.com Editor Santosh Nair to find out what transpired in the stock market this past week.

March 06, 2020 / 22:27 IST

The Yes Bank crisis, with an RBI-imposed moratorium and capped withdrawals, and concerns over the rapid spread of coronavirus, caused benchmark indices to plunge on March 6. The Sensex tumbled 1,300 points to close at 37,180 while the Nifty slipped below the crucial 11,000-mark.

Bank stocks were particularly hit due to the ambiguity over the fate of depositors' money with Yes Bank, the delay in addressing the issue and the entry of SBI and LIC into the picture.

For more on the Yes Bank saga and everything else that made market jittery this past week, tune in to this edition of the Market Podcast, where host Jerome Anthony and CNBCTV18.com Editor Santosh Nair take stock.

Moneycontrol News
first published: Mar 6, 2020 06:43 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347