Market Today

1. Realty developers may see a 20% fall in housing prices, says Deepak Parekh

HDFC group chairman Deepak Parekh
Property developers should be prepared for up to a 20 per cent fall in housing prices and have to create liquidity by selling their inventory at whatever prices they get, HDFC Chairman Deepak Parekh said

2. L&T share price gains 5% on contracts from NCRTC

Larsen & Toubro (L&T) share price added more than 5 percent intraday on April 15 after the company received two contracts from National Capital Region Transport Corporation (NCRTC).

The heavy civil infrastructure business of L&T Construction has secured two contracts to build regional rapid transit system (RRTS) infrastructure from NCRTC in Uttar Pradesh.

3. Gold climbs to over seven-year high on coronavirus-led economic worries

SPDR(Standard & Poor's Depository Receipt) Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 1.56% to 1,009.70 tonnes

4. Rakesh Jhunjhunwala sells 1.03 crore Titan shares in March quarter

One of the most prominent investors of India, Rakesh Radheshyam Jhunjhunwala, pared his stake in one of his favourite stocks, Titan, during the March quarter of FY20.

5. Jeff Bezos just became richer by $6.4 billion after Amazon hit the $1-trillion mark

The world's richest man Jeff Bezos  became richer despite the economic devastation inflicted by the COVID-19 crisis.

Bezos who owns a 11.2 percent stake in Amazon added $6.4 billion to his fortune after the stock jumped over 5 percent to a new all-time high, giving the colossal company a market value of more than $1.1 trillion.