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RBI prescription on 10% additional provisions expected to raise banks& credit costs
Kolkata: Reserve Bank of India's prescription on 10% additional provisions against accounts which are standstill on asset classification is expected to raise banks’ credit costs significantly, with several top corporates showing willingness to get the benefit of moratorium on their loans.

Rating company ICRA suggested that the addition provision

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India's current account deficit could end in a surplus in FY21: Report
Even as the jury is not out on the exact impact of the coronavirus on the economy this year, there could be a positive news on the external sector. India's current account deficit could turn positive this fiscal with crude prices set to fall below $20 a barrel. This could help rupee get some cushion from volatile portfolio flows during the year,
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Trending stocks: Hindalco Industries share price jumps 6%
NEW DELHI: Shares of Hindalco Industries traded 6.2 per cent up in Wednesday 's trade at 09:27AM (IST).

Around 9509404 shares changed hands on the counter. The stock opened at Rs 120.0 and touched an intraday high and low of Rs 124.0 and Rs 116.7 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 259.75 and a 52-week

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Sebi eases rules for cos on intimation to exchanges about board meetings
New Delhi: Markets regulator Sebi on Friday eased compliance rules for listed companies with regard to prior intimation to stock exchanges about board meetings amid the extended nationwide lockdown to tackle coronavirus pandemic

The regulator has also relaxed rules pertaining to intimation to stock exchanges for loss of share certificates as well

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Tata Consultancy Providers, India's most significant IT company, on Thursday reported 0.94 percent year-on-year (YoY) fall in revenue (attributable to investors) at Rs 8,049 crore for the 4th quarter ended March 31. Experts in an ET NOW survey had actually predicted the figure at Rs 8,216 crore. The board of the business likewise advised a last dividend of Rs
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Trending stocks: Shares of GSK Pharma gain 4%
NEW DELHI: Shares of GSK Pharma traded 3.88 per cent up in Wednesday's trade at 09:35 am. Around 34,773 shares changed hands on the counter. The stock opened at Rs 1544.0 and touched an intraday high and low of Rs 1544.0 and Rs 1490.05, respectively, in the session so far.

Pharma majors Sanofi and GSK said they have joined hands to develop a

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TCS sees coronavirus hit in Q1, expects recovery in Q3
MUMBAI: India’s top IT services provider, Tata Consultancy Services, said disruption in its business will peak in the quarter to June following the Covid-19 virus outbreak that has roiled companies worldwide, with several key IT clients, especially in the travel and hospitality sectors, severely impacted over the last two months.

The $22-billion

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Oberoi Realty repays NCDs worth Rs 125 crore

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Trending stocks: Sanofi India shares climb 3.6% in early trade
NEW DELHI: Shares of Sanofi India traded 3.6 per cent up in Wednesday's trade at 09:21 am. Around 4,660 shares changed hands on the counter. The stock opened at Rs 7650.0 and touched an intraday high and low of Rs 7650.0 and Rs 7439.95, respectively, in the session so far.

Pharma majors Sanofi and GSK said they have joined hands to develop a

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If you are an investor with patience, will make good money in equity funds
By Prasanna PathakAs the global economy witnesses some of the sharpest downfalls in history amid the coronavirus pandemic, it is hard to believe that this may be a good time to invest in the stock market.

March was unprecedented. Sensex and Nifty were down 23 per cent in the backdrop of the spread of Covid-19 cases across almost 198 countries,

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The domestic equity market on Thursday traded on expected lines as weekly options expiry dominated the trade. The 9,000 level, which had the maximum Call open interest, prevented Nifty from going beyond this point. After witnessing a negative start, the market recovered from the morning lows, but did not see any runaway rally. While continuing to
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Specialty chemical cos could be good bets as world looks beyond China to lower risk
Mumbai: The world’s factory had a near monopoly with chemicals, particularly specialty chemicals. But after the lockdown ends — both at home and at industry hubs across the Great Wall — chances are that Indian companies will benefit due to the decline in crude prices, a cheaper rupee, and the willingness of global buyers to look beyond China.

So,

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F O: Below 8,800, Nifty may fall towards 8,555 level
NSE Nifty opened on a negative note, but started moving higher from initial trades. The index rose more than 200 points from the opening levels and concluded around the 9,000 level. It formed a small green body candle on the daily chart.

The market breadth remained in favour of the advancing counters for a fourth consecutive session, which is a

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Sebi gives more time to brokers for submission of reports
Markets regulator Sebi on Thursday relaxed compliance requirements for brokers with regards to submission of reports pertaining to client funding and system audit in the wake of the coronavirus pandemic.

The decision comes after receiving a representation from stock exchanges, the Securities and Exchange Board of India (Sebi) said in a circular.

Th

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Buzzing stocks: Vodafone Idea, HDFC Bank, RIL, KSS
NEW DELHI: Vodafone Idea with over 3.96 crore shares changing hands was leading among the most traded stocks on NSE on Wednesday.

Shares of Alok Industries (number of shares traded: 0.46 crore), KSS Ltd (number of shares traded: 0.40 crore), Hindalco Inds. (number of shares traded: 0.25 crore), NCC (number of shares traded: 0.22 crore), HDFC Bank

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Mumbai: Smallcap companies such as Maximus International, Relicab Cable and Valencia Nutrition saw bulk deals in Thursday’s trade.

For the day, Sensex rose 0.73 per cent or 222.80 points to close at 30,602.61, while Nifty climbed 0.76 per cent or 67.50 points to close at 8,992.80.

Here’s who bought what in some of the key bulk deals of the day:

-gt

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Morgan Stanley profit plunges as dealmaking hit by pandemic
Morgan Stanley posted a 32% fall in quarterly profit on Thursday as its advisory and wealth management businesses took a hit from the economic fallout of the COVID-19 pandemic.

The results capped first-quarter earnings from big U.S. banks, marked by significant declines in profit and billions in provisions to cover for a wave of expected loan

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Traders expect short-term bounce for Nifty in April
Market analysts are advising a call ladder on April 30 expiry Nifty options on anticipation of a short-term bounce of the bellwether index. This came after PM Narendra Modi extended the lockdown from April 14 through May 3, removing traces of lingering uncertainty.

The ladder comprises buying a 9,000 call and selling a 9,400 and 9,800 call each.

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S P 500, Dow slip on grim earnings, coronavirus worries
The S-P 500 and Dow Jones slipped on Thursday, giving up early gains as concerns about dismal first-quarter earnings and lasting economic damage from the coronavirus pandemic offset better-than-expected weekly jobless claims numbers.

A 4.7% fall for Boeing Co drove the blue-chip Dow Jones Industrials down more than 1%, as European rival Airbus

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Wipro gains 2% ahead of Q4 results; herewhat analysts say
NEW DELHI: Shares of Wipro climbed 2 per cent in Wednesday's trade ahead of its quarterly results that are scheduled for later in the day.

The stock rose 2.08 per cent to hit a high of Rs 193.40 on BSE.

Investors were keenly awaiting the company’s revenue growth outlook for Q1FY21, timeline for the appointment of a new CEO, work from home (WFH) m

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In unpredictable markets, analysts and fund supervisors typically recommend steering clear of the majority of mid- and small-cap shares. The logic is that larger business remain in the best position to withstand a downturn; and whenever the market recuperates, blue chips are the very first to rebound. However, there are some mid- and small-cap business that are better equipped than
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TCS misses projections: Key Q4 takeaways
MUMBAI: India’s top software exporter Tata Consultancy Services (TCS) on Thursday missed analysts’ forecasts and reported a 0.94 per cent year-on-year decline in profit, and warned that the coronavirus pandemic had completely reversed the positive momentum it saw in the first half of the quarter.

TCS reported Rs 8,049 crore profit for the fourth

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Trending stocks: HDFC stock price gains 1% in early trade
NEW DELHI: Shares of Housing Development Finance Corporation traded 0.91 per cent up in Wednesday 's trade at 09:40AM (IST).

Around 1302142 shares changed hands on the counter. The stock opened at Rs 1708.5 and touched an intraday high and low of Rs 1710.0 and Rs 1661.1 , respectively, in the session so far.

The stock quoted a 52-week high of Rs

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ET Intelligence Group: A sharp fall in quality stocks in March attracted domestic institutional investors (DIIs), including pension funds and bank treasuries. Their possessions under management (AUM) grew by 6% and 48%, respectively, by the end of the month even as the overall institutional AUM fell 22%, according to data put together by ETIG from NSDL. The e.
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TCS declares Rs 6 dividend; promoters to get Rs 1,622 crore
NEW DELHI: Tata Consultancy Services (TCS), India's largest IT company, has announced 600 per cent dividend even as the management accepted that “a difficult and uncertain period” lies ahead.

“The directors have recommended a final dividend of Rs 6 per equity share of Re 1 each of the company, which shall be paid/dispatched on the fourth day from t

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Trending stocks: CEAT stock up 2.52% in early trade
NEW DELHI: Shares of CEAT traded 2.52 per cent up in Wednesday's trade at 09:43 am. Around 10,911 shares changed hands on the counter. The stock opened at Rs 790.9 and touched an intraday high and low of Rs 805.0 and Rs 785.1, respectively, in the session so far.

The company said it has partnered with three associations in transport business to

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Board Meetings Today: Wipro, Suzlon, Veeram Securities and Kansal Fibres

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Sebi eases compliance rules for processing of demat request, KYC application
NEW DELHI: Markets regulator Sebi on Thursday relaxed compliance norms for depository participants, stock brokers and share transfer agents with regard to processing of demat request and KYC application amid the coronavirus pandemic.

The relaxation has been given till May 3, the Securities and Exchange Board of India (Sebi) said in a circular.

The

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Trending stocks: Wipro shares up 1% as Nifty surges
NEW DELHI: Shares of Wipro traded 0.79 per cent up in Wednesday 's trade at 09:32AM (IST).

Around 1472281 shares changed hands on the counter. The stock opened at Rs 190.05 and touched an intraday high and low of Rs 193.6 and Rs 188.0 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 301.6 and a 52-week low of Rs 161.8

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Hold ONGC, target price Rs 66: ICICI Securities
ICICI Securities has given a hold rating to Oil And Natural Gas Corporation (ONGC) with a target price of Rs 66.

The brokerage says global supply surplus in April 2020 may be as high as 29.7m b/d due to double whammy of demand collapse and output increase by Saudi Arabia, UAE and Kuwait; Opec Plus output cuts will start only in May’20. However, r

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