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Goldman sees high risk of correction on virus complacency

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SAT upholds Sebi decision to recover over Rs 300 cr from Samruddha Jeevan in CIS case
New Delhi: The Securities Appellate Tribunal (SAT) has upheld markets regulator Sebi's decision to recover over Rs 300 crore from Samruddha Jeevan Foods India and its directors in a case related to illegal fundraising.

The appeal has been filed by the company and its three directors -- Mahesh Kisan Motewar, Vaishali Mahesh Motewar and Rajendra

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Analyst Calls: Pfizer, SBI, JSW Energy, EIL
Good morning!

The domestic stock market on Wednesday showed early signs of a possible breakout from its consolidation range. And Nifty futures on Singapore traded 25.50 points higher this morning, signalling a good start for Dalal Street.

As you head for the day’s trade, here is a compilation of overnight analyst calls on various stocks.

• Centrum

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ICRA has downgraded the Indian domestic pharma sector to ‘negative’ from ‘stable’, as the credit rating agency believes the lockout in parts of China following the outbreak of coronavirus will affect Indian pharma companies.

Though the majority of the pharmaceutical manufacturing facilities in China are located far away from the

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Morgan Stanley to buy E*Trade Financial in $13 billion deal
Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in an all-stock deal worth about $13 billion, the biggest deal by a Wall Street bank since the financial crisis.

The deal will help Morgan Stanley boost its wealth management unit, a business that Chief Executive Officer James Gorman has been trying to build out

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Virat Kohli, Anushka Sharma invest in Prem Watsa backed Digit Insurance
Mumbai: Star couple Virat Kohli and Anushka Sharma have invested a combined Rs 2.2 crore in Canadian billionaire Prem Watsa backed insurance startup Digit, investment filing sourced from business intelligence platform paper.vc showed.

The investments by the star duo came as part of $84 million fund raising round concluded by Digit earlier this

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In the previous issue, we learned basic concepts like candle body and candle shadow. It is time to understand different types of candlesticks: Marubozu: A candle without upper or lower shadows is known as a ‘marubozu’ candle. In Japanese, marubozu means ‘closely cropped or bald’. A bullish marubozu candle is formed when the price starts to inc
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By Joanna OssingerBitcoin volatility is back to levels not seen since early November, with the bulls and bears sparring at the $10,000 price level.

Historical swings over the past 10 days on the Bitcoin-U.S. dollar pair surged to 65% on Wednesday, the highest level since Nov. 6, according to data compiled by Bloomberg. Bitcoin plunged late in

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Vedanta likely to raise upto Rs 2,000 crore, ropes in LIC
Mumbai: Vedanta Ltd is preparing to sell long-term bonds for the first time in the Indian market, with Life Insurance Corporation set to purchase the entire Rs 2,000 crore worth 10-year paper on offer, dealers said.

“The issuer will likely offer 1.25 times security to LIC” against its investment, a market participant with direct knowledge of the ma

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Coronavirus impact: Dollar, equities and gold rally; why 2020 could be a year of rate cutsCoronavirus impact: Dollar, equities and gold rally; why 2020 could be a year of rate cutsCoronavirus impact: Dollar, equities and gold rally; why 2020 could be a year of rate cuts
Coronavirus impact: Dollar, equities and gold rally; why 2020 could be a year of rate cuts
The historical correlations between various asset classes look disrupted as investors are finding it difficult to price risk to global growth due to the Covid-19 epidemic. The impact of the SARS outbreak in 2003 may not serve as an effective proxy since China’s contribution to the global gross domestic product (GDP) has increased four-fold since
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Inflation concerns prompted members to pause: RBI MPC minutes
MUMBAI: All most all members of the RBI's MPC voted for a pause n policy rates in its February 06, meeting on inflation concerns rather than growth as it had overshot the medium-term target with most members except external member Chetan Ghate seeing space for future rate cuts, according to the latest MPC minutes released by the central bank.

Headl

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SAT gives Sebi time till March 10 to pass final order in CG Power matter
New Delhi: The Securities Appellate Tribunal (SAT) on Tuesday granted Sebi time till March 10 to pass the final order in the matter related to CG Power and Industrial Solutions where former chairman Gautam Thapar and other entities were barred from the securities market.

While giving more time, the tribunal also clarified that the regulator can

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Stock, bond and forex markets shut today for Maha Shivratri
Mumbai: India’s stock, bond and forex markets are closed on Friday on account of Maha Shivratri. The commodity market will resume for trading in the evening session. Trading will resume on Monday for the other markets.

In a dull session on Thursday, the domestic equity market ended lower. BSE’s 30-share Sensex dropped 0.37 per cent or 152.88

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RBI minutes: MPC members feel economy still hasn't bottomed out
NEW DELHI: The Reserve Bank of India (RBI) remained concerned about the slower pace of growth in Indian economy amid uncertain macroeconomic data, minutes of the February policy meeting of the Monetary Policy Committee (MPC), showed on Thursday.

Deputy Governor Michael Debabrata Patra said that high-frequency indicators were not offering

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Apple's surprise sales warning pressures Wall Street
Technology stocks dragged down Wall Street on Tuesday after a surprise sales warning from bellwether Apple fanned worries about the impact of the coronavirus outbreak on global supply chains.

The world's most valuable technology firm said it was unlikely to meet its March-quarter sales guidance because of slower iPhone production and weaker demand

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RBI clears Sunil Gurbaxani appointment Dhanlaxmi Bank MD

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India-focussed offshore funds, ETFs see $2 billion outflow in December quarter
India-focussed offshore funds and exchange traded funds (ETFs) witnessed a net outflow of over $2 billion (about Rs 14,200 crore) in three months ended December 2019, making it the seventh consecutive quarter of withdrawal amid stuttering economic growth, says a Morningstar report.

In comparison, net outflow of $1.3 billion was witnessed during

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The domestic stock market fell for a fourth straight session on Tuesday despite staging a smart recovery in the later half of the day. NSE Nifty opened on a negative note and slipped below the crucial 100-DMA level at 11,942 in intraday trade. The index rebounded over 85 points from the day’s low to finally settle with a loss of 53.30 points or 0
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Wall Street steady as virus fears build; E*Trade surges on buyout deal
US stocks were little changed on Thursday as a rise in the number of coronavirus cases outside China raised more concerns about the global impact of the epidemic, while a multi-billion dollar buyout deal for E*Trade Financial Corp boosted shares of the online discount brokerage.

E*Trade jumped 24.2% after Morgan Stanley offered to buy it in a $13

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Market Movers: Indiabulls stocks rally; IRCTC, YES Bank all abuzz
Indiabulls Group stocks rallied up to 11 per cent on Thursday after reports that the government found no financial irregularity in the deals entered by its firms.

Gautam Adani-led Adani Gas stole the show by soaring over 15 per cent in the last 15 minutes of trade after reports that the company received a clean chit on a show-cause notice served

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India Ratings downgrades VodafoneNCDs

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BSE equity derivatives turnover touches record high of Rs 5,251 crore

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The put call ratio (PCR) on Nifty active month options declined to 1.02 Tuesday from 1.12 a day earlier as put buyers booked profits. Simultaneously, traders stepped up sales of Nifty calls, indicating that the market bias remains negative within a tight range for the current month despite the index having received strong support at technical
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Market Movers: RIL-owned firms soar, Vodafone Idea plunges; 250 stocks hit 52-week low
NEW DELHI: Reliance Industries-owned media stocks soared on Tuesday after the company announced plans to merge its four entities — Network18, TV18 Broadcast, DEN and Hathway. Shares gained up to 20 per cent on BSE.

Vodafone Idea, on the other hand, tumbled over 11 per cent after Care Ratings downgraded its long-term bank facilities and

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Sebi bans Midvalley Entertainment, officials from securities market for 7 years
New Delhi: Markets regulator Sebi on Thursday banned Midvalley Entertainment Ltd and its independent directors from the securities market for seven years for diverting IPO proceeds worth over Rs 50 crore and not making requisite disclosures in the prospectus.

Additionally, four other officials including the compliance officer and manager of

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RBI may push back rollout of new accounting norms to FY23
Mumbai: The Reserve Bank of India could push the implementation of Ind-AS — the Indian version of global accounting standards — to fiscal 2023, seeing poor preparedness of banks to make the transition. The new rules are expected to add to the burden of higher capital requirement for banks, especially loanloss provisions.

It is estimated that PSU

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Fund managers still bullish on EM stocks: BofA survey
Emerging market equities remained most-preferred by global investors for a fourth consecutive month, reveals the latest Fund Manager Survey (FMS) from BofA Securities.

Allocation to emerging market increased by 3 percentage points month-on-month to net 36 per cent, highest since March 2019.

On the other hand, allocation to US equities also

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GDR manipulation: Sebi bans officials of Resurgere Mines and Minerals India
New Delhi: Markets regulator Sebi on Thursday restrained officials of Resurgere Mines and Minerals India Ltd from accessing securities market for up to three years for flouting market norms by manipulating the issuance of global depository receipts (GDR).

The company had issued USD 5.21 million GDRs in June 2010 for raising USD 53.75 million.

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Mumbai: India’s slowing economy took a toll on much-needed savings too, with the savings rate touching a 15-year low, and household savings also falling. This has weakened India’s macro-economic position which is already hobbled by low investment and rising external borrowing to fund capital needs.

Household savings also declined as consumers

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RIL drops but group entities surge on consolidation move
Reliance Industries shares closed lower by 0.83 per cent on Tuesday after the company announced consolidation of its media and distribution businesses under flagship 'Network18'.

RIL counter closed at Rs 1,466.10.

However, shares of the three group entities namely Hathway Cable - Datacom, Den Networks and TV18 Broadcast -- which have been

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