Today's Sector News - 11.03.2020: 09.00 Am
* AUTOMOBILES: Two-wheeler and commercial vehicle makers and dealers that hold unsold Bharat Stage-IV stock may offer huge discounts in the coming days, with less than three weeks left to register such vehicles, industry executives said.
* BANKING: Banks will have to face provisioning pressure of at least 250-300 bln rupees in the March quarter as most of the cases where inter-creditor agreement were signed remain unresolved.
* COAL: India's thermal coal imports rose 12.6% to nearly 200 mln tn in 2019 reflecting the second straight year of growth in shipments of the fuel.
* MARKETS: Benchmark US equity indices slid 7% at open on Monday to trigger a temporary halt in trading for 15 minutes as a rout in global crude oil prices coupled with plunging US Treasury yields led to fears about the health of the global economy.
* OIL AND GAS: The government is seized of the sharp fall in crude oil prices and is tracking the
development closely.
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