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Trending stocks: IndusInd Bank shares fall 3% as Nifty plunges

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V-shaped or U-shaped? Some economists upbeat on virus recovery
WASHINGTON: The coronavirus pandemic has hit like a worldwide hurricane, shutting activity in most economies simultaneously, but some forecasters are more optimistic about the prospects for recovery once the worst has past.

International Monetary Fund chief Kristalina Georgieva has called it the worst crisis since the Great Depression a century

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Mumbai: India's airline company companies are estimated to be holding about 6,000 crore from payment for bookings made prior to all travel was suspended to curb the spread of Covid-19, according to aviation specialists and senior market executives. These funds, together with some short-term loans, are assisting airlines survive, they stated. IndiGo is the
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World Bank forecasts worst economic slump in South Asia in 40 years
NEW DELHI: India and other South Asian countries are likely to record their worst growth performance in four decades this year due to the coronavirus outbreak, the World Bank said on Sunday.

The South Asian region, comprising eight countries, is likely to show economic growth of 1.8% to 2.8% this year, the World Bank said in its South Asia

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Ready to help India in dealing with Covid stress if asked, says Raghuram Rajan
A straightforward yes is what former RBI governor Raghuram Rajan told a private news channel on being asked if he would return to India if his expertise was required for a strategy against the pandemic.

Rajan, 57, who was the RBI governor for three years until September 2016, is currently working as a professor at the prestigious University of

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TCS to announce FY20 results on April 16
New Delhi: India's largest software services firm Tata Consultancy Services (TCS) on Friday said it will announce its fourth-quarter and FY20 results on April 16.

"a meeting of the Board of Directors of TCS Ltd is scheduled to be held on Thursday, April 16, 2020, inter alia to approvethe audited financial results of the company under Indian

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Top 10 firms add over Rs 4 lakh crore to m-cap; RIL shines
NEW DELHI: The 10 most valued domestic firms together added a whopping Rs 4,04,068.05 crore in market valuation last week, with RIL and HDFC Bank leading the gains.

During the last holiday-shortened week, the Sensex rallied 3,568.67 points or 12.93 per cent.

The market capitalisation of Reliance Industries Limited zoomed Rs 89,383.67 crore to Rs

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By DK AggarwalHistory does repeat itself. The utilities companies are doing well, as they did during the Global Financial Crisis (GFC). During the 2008 financial crisis, they stood out from the mangled debris. Business models of the utilities companies have assured revenues and offer strong dividend yields too. The industry is continuing on a path
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Indian govt had $5.26 bn in outstanding loans from RBI in week to April 3

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View: Covid crisis a 100-year chance to shake up debt and taxes
By Andy MukherjeeFor 100 years now, capitalism has had a pro-leverage bias. Unlike dividends, which are paid only after the state has taken its share of earnings, interest is deducted from pretax profit, shrinking the pie available to the government. This accounting oddity, which treats debt capital more favorably than equity, has driven the
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Beware! Bear market rallies can surprise you anytime, play safe
The domestic equities market opened this past week with the bulls marching with all their might. The equity indices jumped significantly, taking cues from their global peers, mainly from the US bourses. Confidence returned on reduction in the number of daily Covid cases in some countries. Sentiments are changing from ultra-pessimistic to mildly
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Foreign exchange reserves decline by $902 mn to $474.66 bn
Mumbai: The country's foreign exchange reserves declined by USD 902 million to USD 474.66 billion in the week to April 3 due to a fall in foreign currency assets, according to the latest data from the Reserve Bank of India.

In the previous week, the reserves had surged by USD 5.65 billion to USD 475.56 billion.

The reserves had touched a life-time

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Covid count, inflation data, stimulus hopes among key factors that may drive market this week
NEW DELHI: After the rally last week, which was driven by global cues, local events may take centre stage this week, as coronavirus cases race towards 10,000 mark despite strict lockdown measures.

There are hopes of an economic stimulus package, and any announcement on that front may have an impact on Dalal Street. Along with that, inflation number

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Brave New World: Will China lose its manufacturing superpower status soon?

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Covid-19 impacts Avenue Supermarts; 50% of stores closed for operations
New Delhi: Market veteran Radhakishan Damani-led Avenue Supermarts took a hit with the outbreak of the coronavirus pandemic.

In its recent business update on Friday, the company said nearly 50 per cent of its stores remain closed for operations based on directive by the local authorities.

Footfalls are also significantly lower, Avenue Supermarts

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Lenders invoke shares of Essel group firms Dish TV, Siti Cable, Zee Learn
NEW DELHI: Lenders have invoked pledged share of several Subhash Chandra-led Essel group entities, including Zee Media Corporation, Dish TV, Siti cable and Zee Learn.

IDBI Trusteeship Services Limited (ITSL) and Vistra ITCL, who were acting on behalf of lenders, have invoked pledged shares.

According to regulatory filings, ITSL has invoked 5.26

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Wall Street looks to jumpstart junk-debt deals of riskier companies
Bankers who arrange debt sales for companies with less than stellar credit ratings are preparing to ramp up new offerings after the Federal Reserve threw an unprecedented lifeline to the market for risky borrowers.

The Fed’s plan to directly buy debt issued by companies recently downgraded to junk -- alongside some bond ETFs and top-rated tranches

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With $2.3 trillion injection, Fedplan far exceeds its 2008 rescue
By Jeanna Smialek and Peter EavisThe Federal Reserve said it could pump $2.3 trillion into the economy through new and expanded programs it announced on Thursday, ramping up its efforts to help companies and state and local governments suffering financial damage from the coronavirus.

The central bank rolled out its relief package just as the

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It'll take India 9 months to come out of virus crisis: Deepak Parekh
Deepak Parekh has dubbed the current crisis a human economic financial (HEF) crisis, completely different from the Global Financial Crisis of 2008, and said it would take at least nine months to recover fully from it.

In a webinar on Friday, the chairman of HDFC recommended that India’s financial sector should be strong or else economy will c

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Nifty likely to trade in the 8,520-9,480 range next week
The Nifty could gyrate within a 1000-point range in the coming week, options for April 16 expiry showed at closing Thursday.

The closing price of the 9000 straddle — call and put at 9000– was Rs 480 a share (75 shares make one contract) that day. This means the straddle seller doesn’t expect the Nifty to expire below 8520 and above 9480 for the wee

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Zydus Cadila gets USFDA nod to market generic type 2 diabetes drug

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World Bank's Malpass upbeat on prospects for progress on debt relief
WASHINGTON: World Bank Group President David Malpass on Friday said he was confident of progress on his joint call with the International Monetary Fund for a temporary standstill in official bilateral debt payments by the world’s poorest countries.

Malpass said the proposal would be discussed next week by finance officials of both the Group of

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Capital goods makers face a stiff task of emerging out of the downturn triggered by the disruption caused by coronavirus. But, the recent tumble in their share prices have made valuations of some of these companies cheap, said analysts. L-T, Siemens, KEC International, GE Power, Kalpataru Power, Cummins and AIA Engineering are among the top
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Muted 2G to 4G conversions due to Covid could limit data revenue growth for telcos in FY21: Analysts
Kolkata/New Delhi: With 2G to 4G conversions practically at a standstill owing to Covid 19 restrictions, overall growth in data usage and revenue for the likes of Bharti Airtel, Reliance Jio and Vodafone Idea may fall short of expectations in FY21, despite the current phase of higher mobile internet consumption, say analysts.

They added that

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Everything is awful. So why is the stock market booming?
What on earth is the stock market doing?

Death and despair are all around. The number of people filing for unemployment benefits each of the last two weeks was about 10 times the previous record — and is probably being artificially held back by overloaded government systems. Vast swaths of American business are shuttered indefinitely. The economic

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Realty woes continue, home prices moderate
Mumbai: The residential real estate sector continued to suffer from low demand and large inventory overhang last year, a Reserve Bank of India study has said.

With new launches of residential projects declining, reflecting the large inventory overhang, all India house price levels had moderated as of end-December, it said.

While Mumbai and the

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Small stocks hit hard in massive March sell-off, plummet up to 30%
New Delhi: The small- and mid-cap indices of the BSE plunged up to 30 per cent last month, underperforming the benchmark, as markets had a harrowing time due to the Covid-19 crisis.

March turned out be a nightmare for the domestic stock markets as worries related to the impact of Covid-19 badly hit investor sentiment. The coronavirus pandemic led

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After adverse closing for a number of weeks, the Indian equity market ultimately snapped its losing streak throughout trimmed week gone by as it finally finished with gains. In our previous regular note, we had unconditionally stated the possibility of a sharp technical pullback regardless of the continuous unpredictabilities as a result of the Covid-19 crisis. While trading o.
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Covid-19 fallout: Rate transmission a far cry despite liquidity overhang
Mumbai: Surplus cash in the banking system has surged to as much as Rs 4.74 lakh crore, surpassing liquidity levels seen four years ago during the demonetisation period.

But, the liquidity glut is not bringing interest rates down, as risk-averse banks stay off from fresh loans amid an alarming Covid-19 scene.

“The entire liquidity could ignite c

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How bad is the impact of coronavirus on India's airlines?

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