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Market Movers: Private banks, pharma soar; investors get richer by Rs 8L cr
Tracking recovery in global equities, Indian equity benchmarks rebounded sharply on Tuesday led by the blue chips, even though the Covid pandemic situation in India remained precarious.

Private bank and pharma stocks were on the forefront of the rally. Banks reported a big jump in advances in Q4, while pharma companies got some relief as the

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Trending stocks: Welspun Corp share price jumps 4%
NEW DELHI: Shares of Welspun Corp Ltd. traded 4.2 per cent up in Tuesday 's trade at 10:13AM (IST).

Around 235044 shares changed hands on the counter. The stock opened at Rs 67.5 and touched an intraday high and low of Rs 67.5 and Rs 65.4 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 232.9 and a 52-week low of Rs

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The Week That Was: Biyani stocks, Maruti, IndusInd plummet; Damani picks a new stock
NEW DELHI: There was no respite from bear hammering on Dalal Street, as stocks continued to fall amid a spike in coronavirus cases in the country and around the world. FIIs continued to dump shares, further dampening sentiment.

During the week gone by, NSE barometer Nifty fell 6.66 per cent to 8,083 while 30-share pack Sensex was down 7.46 per

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Hotels, restaurants, real estate were not taboo for banks
MUMBAI: Hotels, tourism and commercial real estate may be the worst-hit sectors amid the Covid-19-driven lockdown, according to experts, causing a reversal of sorts since this cluster contributed the most to the credit growth of banks until February this year.

While the tourism, hotels and restaurants segment saw a 16.9% year-on-year increase in

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Nothing much has changed for Kanpur-based equity investor Ekansh Mittal (32) even though the ongoing 21-day nationwide lockdown has forced him to work from home (WFH).

“The market is working like it was before the lockdown, and so am I,” says he. If at all, an afternoon nap has been the new addition to his daily routine, says he.

Does that mean he

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By Jyoti Vaswani

Equity markets have fallen sharply across the globe over the past few weeks. We are in unprecedented times as fear has become the dominating emotion and there is a crisis of confidence all around.

While the Covid-19 situation remains grim in most parts of the world, what comes as a huge solace is the sharp drop in additional cases

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Tech View: Bulls are back but Nifty needs to take out hurdle at 9,040
NEW DELHI: Nifty50 climbed over 700 points on Tuesday and ended near the 7,800 mark. In the process, the index formed a large bullish candle on the daily chart. Analysts said the index needs to cross the 8,360 level for an initial target above the 9,040 level.

During the session, the index saw a breakout above its Inverted Head - Shoulders

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IndusInd Bank soars 20% as deposits, advances jump in challenging times
Shares of IndusInd Bank jumped 20 per cent in Tuesday's trade after the lender said its net advances jumped 13 per cent to Rs 2,09,914 crore as of March 31.

The bank had net advances of Rs 2,07,413 crore as of December 31 and Rs 1,86,393 crore a year ago.

The stock soared 20 per cent to hit a high of Rs 375.90 on BSE.

The private lender said its

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DMart's Damani donates Rs 100 cr to PM's Covid-19 relief fund

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HDFC Mid-Cap Opportunities Direct Plan-Growth

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Sensex, Nifty post biggest single-day gain; Rs 7.9 lakh crore added
Mumbai: Benchmark equity indices Sensex and Nifty rallied on Tuesday to post biggest point-wise gain ever, catching up with a two-day rally in world equities. Early indications that coronavirus cases may be easing in some of the worst affected areas of the world triggered risk-on trade.

However, market participants were of the view the rally may

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Trending stocks: Mphasis shares gain 2% in early session
NEW DELHI: Shares of Mphasis traded 1.91 per cent up in Tuesday 's trade at 10:08 am (IST).

Around 29501 shares changed hands on the counter. The stock opened at Rs 690.0 and touched an intraday high and low of Rs 697.7 and Rs 677.0 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 1183.0 and a 52-week low of Rs 635.0

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UAE central bank cuts bank reserve requirements for demand deposits by 50%

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HDFC Mid-Cap Opportunities Direct Plan-Growth

★★★★★

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Sensex rallies 2,500 points to top 30,000: Will the rally sustain?
Equity benchmarks Sensex and Nifty rallied nearly 9 per cent in Tuesday’s trade, following positive global cues and hope of some easing in the 21-day nationwide lockdown next week.

However, market experts believe the rally is unlikely to sustain as uncertainty over the Coronavirus crisis continues across the globe.

BSE Sensex surged 2,476 points

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Trending stocks: Adani Ports stock price up 1% in early trade
NEW DELHI: Shares of Adani Ports - Special Economic Zone Ltd. traded 1.23 per cent up in Tuesday 's trade at 10:02AM (IST).

Around 1010506 shares changed hands on the counter. The stock opened at Rs 254.2 and touched an intraday high and low of Rs 255.85 and Rs 247.5 , respectively, in the session so far.

The stock quoted a 52-week high of

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Tweet Buster: Sanjay Bakshi-s tip for young investors a thesis for HFCs
Worries over a spike in coronavirus cases, fears of this health emergency resulting in an economic recession and FII outflows came together to drive the Indian equity market into its seventh straight week of decline.

In a holiday-shortened week, BSE Sensex tanked 7.46 per cent, while Nifty shed 6.65 per cent.

Dalal Street consensus says the market

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Trending stocks: Lupin shares rise 6% in early trade
NEW DELHI: Shares of Lupin traded 6.22 per cent up in Tuesday 's trade at 10:33 am (IST).

Around 2104079 shares changed hands on the counter. The stock opened at Rs 690 and touched an intraday high and low of Rs 704.75 and Rs 670.25 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 914.9 and a 52-week low of Rs 544.25

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Buy Bharti Airtel, target price Rs 610: ICICI Securities
ICICI Securities has given a buy rating to Bharti Airtel with a coverage price of Rs 610. Mobile revenues would benefit from a steep tariff hike of 20-40 per cent taken across prepaid plans with effect from December 4, 2019. However, such steep tariff increase will lead to SIM consolidation, and relative performance may vary. This quarter print
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Seven of top 10 cos lose Rs 2.82 lakh crore in m-cap; TCS, HDFC Bank hammered
New Delhi: Seven of the 10 most valued domestic companies lost a staggering Rs 2,82,548.07 crore in market valuation last week, with Tata Consultancy Services (TCS), HDFC Bank and Kotak Mahindra Bank taking the biggest hit.

During the last week, the BSE Sensex lost 2,224.64 points or 7.46 per cent as the coronavirus pandemic wreaked havoc on

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Trending stocks: CESC shares jump 6% in early session
NEW DELHI: Shares of CESC traded 5.89 per cent up in Tuesday 's trade at 10:27AM (IST).

Around 261604 shares changed hands on the counter. The stock opened at Rs 434.95 and touched an intraday high and low of Rs 451.5 and Rs 432.5 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 948.35 and a 52-week low of Rs 369.95 .

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Buy Abbott India, Rs 18,069: ICICI Securities
ICICI Securities has given a buy rating to Abbott India with a target price of Rs 18,069/ share (over a CMP of Rs 15,640). The pharmaceutical industry has not faced any direct impact of Covid-19 until now. As medical supplies are critical in nature, they have not been affected in any country and the brokerage don’t foresee any meaningful impact on
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Virus spread, Opec meet FII mood among 7 factors that will sway market in 3-day trading week
After shedding weight for the seventh consecutive week, domestic equity indices will continue to be swayed by developments in the battle against coronavirus. Direction of FII flows will also be a key factor in coming week, which has two trading holidays on account of Mahavir Jayanti on Monday and Good Friday.

The government is yet to announce

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Kotak Mahindra Bank shares rally on 12% growth in March quarters deposits
Shares of Kotak Mahindra Bank advanced over 5 per cent in Tuesday’s early trade after the private sector lender on Monday posted a rise in deposit base for the March quarter, and announced a reduction in savings account rates for high value customers.

Kotak Mahindra Bank witnessed an 11.7 per cent growth in customer deposits and a 1.3 per cent

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Trending stocks: Indiabulls Housing Finance shares rise 3%
NEW DELHI: Shares of Indiabulls Housing Finance Ltd. traded 2.79 per cent up in Tuesday 's trade at 09:57AM (IST). Around 3641329 shares changed hands on the counter. The stock opened at Rs 101.8 and touched an intraday high and low of Rs 102.0 and Rs 97.5 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 1003.9

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Pandemonium in the equity markets is making investors throw out all established principles
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Trending stocks: Bharat Gears shares gain 5% in early trade
NEW DELHI: Shares of Bharat Gears Ltd. traded 4.84 per cent up in Tuesday 's trade at 10:20 am (IST). Around 555 shares changed hands on the counter. The stock opened at Rs 28.15 and touched an intraday high and low of Rs 28.15 and Rs 28.15 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 180.69 and a 52-week low of

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NEW DELHI: Domestic equity indices rose in Tuesday's session, tracking firm cues from global peers and on low level buying in blue chip stocks. The equity market resumed trading after a three-day gap.

Major world indices rallied for two days and Indian shares are seeing a jump to cover that spread. Apart from that there have been signs from

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Power price at IEX crashes to 70 paise per unit for 9 PM delivery slot on Sunday
Kolkata: Power prices for delivery between 9 PM and 9.15 PM on Sunday has crashed to 70 paise per unit at the Indian Energy Exchange, against near Rs 3 per unit on Saturday for the same slot due to an expected 12.9 GW fall in demand when lights would be switched off by every household for nine minutes.

PM Narendra Modi has appealed citizens to

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HDFC Bank rallies 8% as deposits grow 24%
NEW DELHI: HDFC Bank climbed nearly 8 per cent in Tuesday’s trade after the private lender has said its advances aggregated to Rs 9.93 lakh crore as of March 31, marking a growth of about 21 per cent as compared to Rs 8.19 lakh crore a year ago and Rs 9.36 lakh crore on December 31, 2019.

The bank's deposits aggregated to Rs 11.46 lakh crore,

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Trending stocks: PNB Housing Finance shares gain 3%
NEW DELHI: Shares of PNB Housing Finance traded 2.86 per cent up in Tuesday 's trade at 09:54 am (IST).

Around 201036 shares changed hands on the counter. The stock opened at Rs 169.05 and touched an intraday high and low of Rs 169.05 and Rs 165.2 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 1038.95 and a 52-week

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HDFC Bank deposits grow 24% to Rs 11.46 lakh crore
Mumbai: Private sector lender HDFC Bank has said its advances aggregated to Rs 9.93 lakh crore as of March 31, marking a growth of about 21 per cent as compared to Rs 8.19 lakh crore a year ago and Rs 9.36 lakh crore on December 31, 2019.

The bank's deposits aggregated to Rs 11.46 lakh crore, clocking a growth of 24 per cent as compared to Rs 9.23

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