StockMarket

BSE cautions market intermediaries against cyber attacks amid COVID-19 outbreak
New Delhi: Leading stock exchange BSE has cautioned market intermediaries against malicious cyber attacks amid increased usage of mobile phones and tabs in the wake of lockdown to contain the COVID-19 pandemic.

Many organisations have switched to work-from-home, due to outbreak of the pandemic, with employees using mobile phones, tabs and personal

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Stock, forex, bond, commodity markets closed for Good Friday
NEW DELHI: Equity, currency, commodity and bond markets is closed today for trading on Friday, April 10, on account of Good Friday. The bourses will reopen for trading on April 13, Monday.

Benchmark indices Nifty and Sensex snapped a seven-week losing streak, jumping about 13 per cent in three sessions to Thursday. The indices recorded their best

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Cognizant withdraws FY20 guidance, draws on credit line to boost financial flexibility
Bengaluru/Mumbai: Cognizant will miss the top end of its first-quarter revenue outlook and the IT services firm withdrew its full-year guidance, as the Covid-19 pandemic takes a toll on its business. The company also drew down on $1.74 billion in debt to boost its financial flexibility and has stopped share buyback.

Revenue in the first quarter is

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Market bottom? Easing VIX, multi-year-low advance-decline ratio show we may have found one
NEW DELHI: An advance-decline which has largely been skewed towards the latter over the past few days and an easing of India VIX from recent highs suggest the market has become oversold position and that it may have found a bottom.

NSE benchmark Nifty50 has had its second-worst quarter ever during the January-March period, recording a 23 per cent

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BSE's clearing corp to waive warehouse storage, assaying charges for commodities

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Sensex soars 1,266 points, snaps 7-week losing streak; Rs 4 lakh crore added
Mumbai: Benchmark equity indices snapped their seven-week losing streak, rallying over 4 per cent in Thursday's session, mirroring gains in global markets. For the week, Sensex and Nifty rose nearly 10 per cent.

Hopes of a second stimulus package in coming days also bolstered the sentiment on Street. According to a Reuters report, the package will

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NBFCs to face liquidity pressure on lack of clarity on RBI's moratorium, poor collection: Crisil
Mumbai: Non-banking finance companies are likely to face liquidity challenges due to lack of clarity on the applicability of the Reserve Bank's moratorium on their bank loans and poor collection due to the nationwide lockdown, says a report.

According to a report by rating agency Crisil, Non-banking finance companies (NBFCs) face a double whammy

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Wall Street firm dangled up to 175% returns to investors using US aid programs
BOSTON: A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using US government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters.

Following questions posed by Reuters, Arcadia Investment Partners L

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By Enda Curran, Frank Connelly and Suzi Ring

Officials from Rome to Washington are urgently mapping out plans to loosen lockdowns and begin rebooting their economies even as the coronavirus pandemic still rages across swaths of the globe.

Trouble is, there’s no master plan.

The juggling act for policy makers will be to reopen without triggering a

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Millennials break the rule, emerge smartest breed of stock investors
Never has it been the case when the stock market has fallen 40% and brokerages have seen rapid customer acquisition in the country. In a comparable scenario, after the January 2008 market crash, the acquisition rate had dropped and stagnated for a good 10-12 months. It was only after 2009 elections that retail investors started opening accounts.

Th

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Dow Jones rises on Fed's $2.3 trillion backstop
Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program to bolster local governments and businesses, while oil prices gained on expectations of a drastic cut in output.

In what is likely to be its largest rescue effort ever, the Fed said it would work with banks to offer

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Buy M M Financial, target price Rs 225: JM Financial
JM Financial has given a buy rating to M-M Financial Services (MMFS) with a SOTP-based target price of Rs 225.

The NBFC is facing the twin challenges of growth and collections as well as asset quality in a seasonally weak first half which has been compounded by the Covid-19 outbreak and the consequent lockdown. The brokerage believes that the

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Coronavirus' impact on India's auto sector

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Investor wealth jumps Rs 3.98 lakh crore as markets make strong comeback
New Delhi: Investor wealth on Thursday climbed Rs 3,98,934.79 crore after markets rallied amid hopes of a second stimulus package from the government. The BSE 30-share Sensex ended the day 1,265.66 points or 4.23 per cent higher at 31,159.62. During the day, it zoomed 1,331.24 points to 31,225.20.

Led by the rally in equities, the market

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Select companies likely to recover fast after lockdownSelect companies likely to recover fast after lockdownSelect companies likely to recover fast after lockdown
Select companies likely to recover fast after lockdown
Pharmaceuticals and consumer staples stocks, being essentials, are expected to do well during the ongoing pandemic. But select stocks in power utilities, telecom, city gas distributors and hospitals could also benefit as they are likely to see a quick recovery after the lockdown ends, according to CLSA. Here’s why CLSA expects these stocks to see a
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By Sam Potter and Anchalee WorrachateWhenever it gets wild on Wall Street, there’s a desire to explain the madness. Blame it on the algos, or a White House tweet, or maybe both. Surely the hedge funds had something to do with it.

Weeks like this offer an alternative lesson: In this fiendishly complex system it’s never one thing, and it can’t alw

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RBI expects rupee to hover around 75/dollar; Indian crude basket at $35/bbl in FY21
Mumbai: The Reserve Bank expects the value of the domestic currency to hover around Rs 75 to a dollar and Indian crude basket to about USD 35 per barrel during 2020-21. The rupee came under intensified and sustained depreciation pressures from mid-January, reflecting a generalised weakening of emerging market currencies amid flights to safety, RBI
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Buzzing stocks: Vodafone Idea, SBI, HDFC Bank, Sun Pharma
NEW DELHI: Vodafone Idea with over 0.70 crore shares changing hands was leading among the most traded stocks on NSE on Thursday.

Shares of SBI (number of shares traded: 0.16 crore), Rash Chem Fertilizer (number of shares traded: 0.15 crore), Cadila Healthcare (number of shares traded: 0.12 crore), Vedanta (number of shares traded: 0.12 crore),

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HSBC slashes target price on airline companies
Mumbai: HSBC has slashed target price on SpiceJet and InterGlobe Aviation, parent of IndiGo, as it believes the aviation industry is headed for a big loss in the ongoing financial year.

The brokerage has downgraded Spice-Jet to ‘hold’ and cut its target price by 50.5 per cent to Rs 44.5, against Rs 90 earlier, as it expects tight liquidity to wei

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NSE to discontinue trading in Nifty IT index derivatives

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UBS sees Nifty at 6,000 by March if stress aggravates
MUMBAI: UBS sees the Nifty at 6,000 by March-end assuming coronavirus-related disruptions continue till September. The target is about 31% below the index’s closing level of 8,748.75 on Wednesday.

“6,000 assumes 14% decline in earnings in fiscal year 2021 and GDP also declining YoY in FY21, and a PE multiple of 12 times, that’s what the downside s

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Analyst Calls: Cummins India, Navin Fluorine, City Union Bank

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F O: Bulls finally in charge, but Bank Nifty upside looks capped
By Chandan Taparia

Nifty started Thursday’s session on a positive note on the back of favourable global clues. The index remained quite volatile in a narrow range, but concluded the session near to highest point of the day, marking its highest daily close in 16 sessions.

The index ended the truncated week a tad above the 9,100 mark, and formed a

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Buy ICICI Securities, target price Rs 310: Jayesh Bhanushali

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By Christopher Condon, Rich Miller and Craig Torres

As fresh evidence of the economic toll from the coronavirus pandemic flood in, the Federal Reserve unleashed another round of emergency measures, including a pledge to provide support to risky corners of financial markets that have been some of the hardest hit.

The Fed said Thursday it will invest

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Market Movers: M M, Maruti, Cipla soar; 19 stocks turn -lsquo;overbought-
Short covering and fear of missing out resulted in heavy buying in blue chips on Thursday, even when research agencies projected grim economic outlook for India and the rest of the world.

Auto scrips were in huge demand. Maruti Suzuki saw its best day ever jumping 13 per cent while M-M soared 17 per cent. Cipla and some other pharma names also

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Buy Cholamandalam Investment Finance Company, target price Rs 160: Jayesh Bhanushali

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MUMBAI: Companies such as Mangalam Cement, Multi Commodity Exchange and Reliance Capital saw bulk deals in Thursday’s trade.

For the day, Sensex closed 4.23 per cent or 1,265.66 points higher at 31,159.62, while the Nifty closed 4 per cent or 354 points higher at 9,102.75.

During the holiday-shortened week, the indices rallied 10.24 per cent and

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Tech View: Nifty forms Long Bullish Candle, may be headed to 9,300-600
NEW DELHI: Nifty reclaimed the 9,100 mark in style on Thursday. In the process, the index decisively took out its 20-day moving average and formed a Long Bullish Candle on the daily and weekly charts.

Analysts said the index has the potential to move towards 9,300 level, with the 8,800 level likely to offer support in the near term.

Rajesh Palviya

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Asian stocks gain on hopes pandemic is approaching peak
TOKYO/WASHINGTON: Asian shares rose on Thursday on hopes the Covid-19 pandemic is nearing a peak and that governments would roll out more stimulus measures, while expectations of an oil production cut agreement bolstered crude prices.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.6 per cent, following a strong Wall Street

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