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Coronavirus has RBI worried; Das says India needs contingency plan
NEW DELHI: The Monetary policy committee (MPC) of the Reserve Bank of India on Thursday said the rapidly spreading coronavirus may impact India’s economy.

RBI Governor Shaktikanta Das in a post policy interaction today said the extent of impact of coronavirus is still uncertain and unfolding, as he made a case for preparing a contingency plan to

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ET Intelligence Group: Despite falling sales volume, TVS Motor trades at a premium valuation on bourses compared with peers including Hero MotoCorp and Bajaj Auto. Its stock gained nearly 2 per cent on Tuesday reflecting analysts’ belief that the current volume decline has bottomed out and growth may resume in the coming quarters. This, however, l
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Buy VIP Industries, price target Rs 500: Jayesh Bhanushali
Jayesh Bhanushali of IIFL has a buy call on VIP Industries Ltd. with a target price of Rs 500.0 . The current price of VIP Industries Ltd. is Rs 469.7 Time period given by the analyst is Intra Day when VIP Industries Ltd. price can reach defined target. . Jayesh Bhanushali recommended to keep a stoploss at Rs 463 .

VIP Industries Ltd.,

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RBI in pause mode, but Das keeps rate cut hopes alive: 10 key takeaways
The monetary policy committee (MPC) of the Reserve Bank of India decided to hold policy rates at 5.15 per cent on Thursday and maintained its accommodative stance.

The central bank reiterated that it will continue with its stance as long as it was necessary to revive growth, while ensuring that inflation remains within the target. In its review,

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Sensex rises 130 points, Nifty above 12,100; ITI surged 10%
Domestic equity indices continued their rally for the fourth day on Thursday as they edged up in early trade. Bullish Asian and US markets also helped the sentiments on Dalal Street.

Wall Street saw record closes overnight as the S-P 500 gained 1.13 per cent to 3,334.69, while the Nasdaq Composite added 0.43 per cent to 9,508.68. Asian markets

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Buy Tata Global Beverages, price target Rs 405: CK Narayan
CK Narayan of Chart Advise has a buy call on Tata Global Beverages Ltd. with a target price of Rs 405.0 . The current price of Tata Global Beverages Ltd. is Rs 394.6 Time period given by the analyst is Intra Day when Tata Global Beverages Ltd. price can reach defined target. . CK Narayan recommended to keep a stoploss at Rs 387 .

Tata Global

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Rs 1 lakh crore repos to help better monetary transmission: RBI

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Buzzing stocks: Vodafone Idea, YES Bank, IRCTC, Tata Motors
NEW DELHI: Vodafone Idea with over 3.85 crore shares changing hands was leading among the most traded stocks on NSE on Thursday.

Shares of YES Bank (number of shares traded: 2.49 crore), Tata Motors (number of shares traded: 0.67 crore), Zee Ent. (number of shares traded: 0.60 crore), Indiabulls Housing Finance (number of shares traded: 0.51

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Sell Muthoot Finance, price target Rs 734: Kunal Bothra
Kunal Bothra of Independent Analyst has a sell call on Muthoot Finance Ltd. with a target price of Rs 734.0 . The current price of Muthoot Finance Ltd. is Rs 759.65 Time period given by the analyst is Intra Day when Muthoot Finance Ltd. price can reach defined target. . Kunal Bothra recommended to keep a stoploss at Rs 775 .

Muthoot Finance Ltd.,

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Sensex, Nifty gain post RBI policy outcome; Housing finance firms spike up to 5%
Benchmark equity indices BSE Sensex and NSE Nifty gained over a quarter a per cent immediately after the Reserve Bank of India decided to keep key interest rates unchanged.

The 30-share Sensex was up 217 points, or 0.53 per cent, at 41,360, while the 50-share Nifty index was up 61 points, or 0.5 per cent, at 12,150 at around 1:22 pm.

Non-banking

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Mumbai: Jindal Steel and Power (JSPL) stock may be headed for a strong re-rating as the company started transporting its 12 million tonnes of iron ore inventory from Sarda mines following a Supreme Court order. The relief is well-timed given the domestic market tightness amidst mine auctions. Analysts expect a cost windfall of about Rs 2,500 crore
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Mumbai: Adani Mumbai Electricity Ltd (AEML), a unit of Adani Transmission that supplies power to Mumbai suburbs, has raised $1 billion through a dollar bond sale to investors abroad. The money raised will be used to refinance the company’s debt in India at a cheaper rate, people familiar with the issue said.The company raised the funds at 230
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RBI keeps rates unchanged amid inflation worries
Mumbai/Kolkata: The Reserve Bank of India (RBI) kept interest rates unchanged on Thursday as expected amid concerns over inflation. Governor Shaktikanta Das also said that monetary policy wasn’t the only tool available for reviving economic growth, while allowing that there is “policy space available for future action.”

The central bank raised its

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Share market update: TTML, SE Power among top losers on BSE

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Board Meetings Today: Sun Pharma, Hero MotoCorp, Eicher Motors, Lupin and IDFC

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After 1,100% jump, analysts expect this multiplex stock to continue blockbuster show
Mumbai: Shares of multiplex chain operator PVR have jumped nearly 1,100 per cent over the last decade, and are trading at record high levels. According to Dalal Street analysts this blockbuster performance will continue.

Over the last five years, the shares have jumped 200 per cent, while they have climbed 57.07 per cent and 28.23 per cent over

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Share market update: ITI, GE Power among top gainers on BSE

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Reclassification of mid-cap, small- cap mutual fund scheme under consideration: Sebi chief
The Securities and Exchange Board of India(Sebi) is looking at reclassification of mid-cap and small- cap mutual fund schemes, its chief Ajay Tyagi said on Tuesday. The move is aimed at allowing these products to invest in a wider set of stocks, said mutual fund industry officials. The capital markets regulator has also asked for clarification
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The Reserve Bank of India (RBI) held rates steady on Thursday and retained an accommodative policy stance as it sought to support faltering growth and avoid stoking already high inflation levels, Reuters reported.

All six members of the MPC voted to keep rates steady and retain the accommodative monetary policy stance.

Here’s how Dalal Street e

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Stocks haven&t priced in slower growth: Manulife
By Moxy Ying

The recent outperformance in Indian stocks may eventually fade.

That’s according to Ronald Chan, Manulife Investment Management’s chief investment officer for Asia ex-Japan equities. Indian shares have yet to price in the nation’s slowing economy, which could expand at a rate of between 4.5% and 5% amid ongoing struggles with credit iss

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Mahindra Logistics Q3 profit falls 19% to Rs 16 crore
New Delhi: Mahindra Logistics on Tuesday reported a 19.13 per cent fall in consolidated net profit to Rs 15.67 crore for the December 2019 quarter.

The company had clocked a profit of Rs 19.34 crore in the year-ago period, according to a BSE filing.

Its total income declined to Rs 909.94 crore during the quarter, against Rs 982.67 crore in the

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RBI lists out 4 factors that will drive Indiagrowth in FY21
While maintaining the key interest rates constant on Thursday, the Reserve Bank of India (RBI) said that the growth outlook for the financial year 2020-21 will be influenced by several factors including private consumption, particularly in rural areas.

The RBI added that private consumption is expected to recover on the back of improved rabi

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Buy Phoenix Mills, price target Rs 920: Jayesh Bhanushali
Jayesh Bhanushali of IIFL has a buy call on Phoenix Mills Ltd. with a target price of Rs 920.0 . The current price of Phoenix Mills Ltd. is Rs 880.6 Time period given by the analyst is Intra Day when Phoenix Mills Ltd. price can reach defined target. . Jayesh Bhanushali recommended to keep a stoploss at Rs 850 .

Phoenix Mills Ltd., incorporated

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Gati reports Q3 loss of Rs 5 lakh

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Australian shares end higher after China cuts tariffs on US imports
Australian shares ended more than 1 per cent higher on Thursday after Beijing said it would halve tariffs on some goods imported from the United States, in a move that could improve Sino-US ties ahead of talks on Phase 2 of the trade deal.

The S-P/ASX 200 index closed 1.1 per cent higher at 7,049.2, having gained 0.4 per cent on Wednesday.

Asia

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Buy Central Depository Services (India) Ltd. price target Rs 290: Jayesh Bhanushali
Jayesh Bhanushali of IIFL has a buy call on Central Depository Services (India) Ltd. with a target price of Rs 290.0 . The current price of Central Depository Services (India) Ltd. is Rs 277.25 Time period given by the analyst is Intra Day when Central Depository Services (India) Ltd. price can reach defined target. . Jayesh Bhanushali recommended
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Central Bank of India to raise up to Rs 500 cr via bonds

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RBI to tweak liquidity management framework
MUMBAI: The Reserve Bank of India has decided to revise its liquidity management through which it controls cash in the banking system, a key sauce to rationalise interest rates in line with the policy actions.

“It has been decided to fine-tune the existing liquidity management framework, the central bank said Thursday as it kept the repo rate

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Asian shares gain after solid US data, focus on virus
TOKYO: Asian stocks edged up on Thursday, a day after US S-P 500 hit a record peak following encouraging economic data, while investors keep a wary eye on the impact of the coronavirus outbreak.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.39 per cent while Japan's Nikkei rose 1.63 per cent.

On Wednesday, the S-P 500

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Wall Street recovery continues on China stimulus measures
Gains in technology heavyweights helped Wall Street's main indexes climb for the second day on Tuesday, with fresh intervention by China's central bank calming investor nerves.

China injected 1.7 trillion yuan ($242.74 billion) via reverse repos on Monday and Tuesday, helping Chinese stocks reverse some losses and lifting the world equity index .

T

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