StockMarket

Buzzing stocks: Vodafone Idea, YES Bank, RIL, HDFC
NEW DELHI: Vodafone Idea with over 0.69 crore shares changing hands was leading among the most traded stocks on NSE on Friday.

Shares of YES Bank (number of shares traded: 0.28 crore), Tata Motors (number of shares traded: 0.18 crore), SBI (number of shares traded: 0.16 crore), Uttam Value Steel (number of shares traded: 0.15 crore), ONGC (number

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Financial sector to see asset quality stress, says Icra
Mumbai: Ratings firm Icra on Thursday said it perceives asset quality pressure for banks and non-banks after the three-month moratorium announced by the central bank ends.

The firm also said that lending institutions with higher share of asset classes such as microfinance, commercial vehicles and MSMEs will be more vulnerable and will see adverse

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Wall Street dives 4% as virus pandemic fears intensify
Wall Street's three major indexes fell more than 4% on Wednesday, after President Donald Trump's dire warning on the U.S. death toll from the coronavirus sent investors running from even the most defensive equities.

Trump warned Americans late Tuesday of a "painful" two weeks ahead and health officials highlighted research predictions of an

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Buy Hero MotoCorp, target price Rs 2,501: ICICI Securities
ICICI Securities has given a buy rating to Hero MotoCorp with a target price of Rs 2,501. The brokerage believes demand recovery could be led by rural markets driven by a possible improvement in cash flows and the company’s high rural exposure.

The management has allayed fears on BS-VI transition. The BS-IV inventory liquidation is largely

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Buy KNR Constructions, target price Rs 226: Kotak Securities
Kotak Securities has maintained buy rating on KNR Constructions and cut target price to Rs 226 from Rs 333. The stock ended down 0.15 per cent at Rs 196.10 on Wednesday while the BSE Sensex closed 1203.18 points down (-4.08 per cent) at 28,265.31.

KNR Constructions, incorporated in 1995, has a market cap of Rs 2757.51 crore. Investment Rationale

The

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Covid-19 fallout: After PMS, IndiaNivesh shuts down broking business as well
MUMBAI: IndiaNivesh Shares and Securities (INSSPL) has shut down its broking business due to a liquidity crunch amid the lockdown and a major stock market meltdown. Over the weekend, the company had shut down its PMS unit.

“The ongoing global pandemic called the Novel Coronavirus (Covid-19) coupled with the present lockdown has led to an

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Companies, banks in talks on bond deals; RIL to raise up to Rs 25,000 crore
Mumbai: Reliance Industries (RIL), the telecoms-to-energy conglomerate, announced raising up to Rs 25,000 crore in proposed non-convertible bond issues, even as several of its large peers including the Tata Group, the Birla Group and L-T, and top Indian banks are busy negotiating mutually beneficial investment deals after a special central
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NBFCs are better placed to weather storm, feels Crisil
Mumbai: Non-banking finance companies (NBFCs) are better placed with adequate liquidity to manage capital market debt repayments over the next two months and just about 4 per cent of total debt is in shaky sectors such as aviation, gems and jewellery, real estate that could blow up, said rating company Crisil.

Among the industries, companies in

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Tata Power completes sale of 50% stake in South African JV Cennergi
Tata Power Company has completed the sale of its 50% stake in Cennergi, a South African joint venture with Exxaro Resources, to the latter South African Rands 1,550 million (Rs 660 crore), the company announced late Wednesday.

The Tata group’s power utility has announced in September that it will exit its investment in Cennergi by selling its s

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Mumbai: The Hinduja familybacked IndusInd Bank is looking to raise as much as $500-750 million “confidence capital” from marque global investors to soothe investor nerves frayed by worries over rising bad loans due to the Covid-19 outbreak and outflow of deposits after the collapse of Yes Bank.

The private lender, arguably the worst-hit bank stock

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Nifty futures on the Singapore Exchange traded 66.25 points or 0.81 per cent higher at 8,226, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today's trade:

Reliance Industries: The Mukesh Ambani-led company said it will raise Rs 25,000 crore through non-convertible debentures to fund its operations.

A

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Is my bank open today?
Commercial banks operating in India will be closed in several states on Thursday, April 2, on account of Ramnavmi. The banks were closed for public dealings on Wednesday for financial year closing.

In several states, all regular operations will remain closed, but internet banking and mobile banking will function as usual. Point of sale

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Buy Reliance Industries, target price Rs 1,125: Shrikant Chouhan

FEATURED FUNDS

HDFC Mid-Cap Opportunities Direct Plan-Growth

★★★★★

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Analyst Calls: Axis Bank, Coal India, IndiGo, KNR Constructions
Good morning!

The domestic stock market on Friday showed early signs of a possible breakout from its consolidation range. And Nifty futures on Singapore traded 49 points higher this morning, signalling a good start for Dalal Street.

• Kotak Securities has maintained buy rating on KNR Constructions and cut target price to Rs 226 from Rs 333. The

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Stock, forex, commodity and bond markets shut today for Ramnavami
NEW DELHI: Indian equity, currency, commodity and bond markets will be closed for trading on Thursday, April 2, on account of Ramnavami. The bourses will reopen for trading on April 3, Friday.

Equity indices continued their journey downwards on the first day of the fiscal year 2021 on Wednesday. BSE’s 30-share Sensex dropped 4.08 per cent or 1,203

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Financial and auto stocks come under bear gaze
Traders are adding bearish positions in most of the stock futures as the market remains on the edge due to the coronavirus pandemic and the impact of the shutdowns on the global economy. Stock futures which have seen highest surge in open interest have seen addition of short positions as their sectors are directly or indirectly hit by the
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Blackstone pumps Rs 525 crore in Mphasis to buy more stake
MUMBAI: Private equity giant Blackstone Group is consolidating its position in IT services firm MPhasis Ltd by acquiring additional stake, taking advantage of the fall in share price.

Blackstone has acquired 4.01% stake in Mphasis for about Rs 525 crore ($69 million) after its share price fell more than one-third from its year-high in mid-March in

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Bulk Block Deals: Shyam Sekhar's iThought sells Prima Plastics shares
MUMBAI: On a day when Sensex plunged over 4 per cent, Shyam Sekhar's iThought Wealth Analytics sold shares in a microcap firm, while hedge fund Antara raised its stake in a smallcap company.

BSE’s 30-share Sensex started fiscal year 2021 on a bleak note on Wednesday, as it dropped 4.08 per cent or 1,203.18 points to close at 28,265.31.

NSE’s 5

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Hyderabad: Concerns from the US antitrust watchdog Federal Trade Commission (FTC) over likely monopoly and disruption of continued production of 10 critical common drugs have forced Indian drug maker Aurobindo Pharma to terminate its $1-billion acquisition of the US dermatology business and manufacturing facilities of Sandoz, which is a part of
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Private lenders sell CDs as RBI injects liquidity
Mumbai: The Reserve Bank of India's (RBI) liquidity measures have prompted some private banks to issue new certificates of deposit and raise cash.

IndusInd bank raised Rs 5,100 crore in just two days, and RBL tapped the market after an interval raising about Rs 825 crore on Tuesday.

State-owned banks with robust cash positions are the lenders,

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Sebi asks brokers, MFs, others to ensure compliance with prevention of unlawful activities law
New Delhi: Markets regulator Sebi has asked stock brokers, depositories, mutual fund houses and other market intermediaries to ensure strict compliance with the prevention of unlawful activities law. In a statement, Sebi advised market intermediaries to ensure compliance with instructions pertaining to UAPA or The Unlawful Activities (Prevention)
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Buy Coal India, target price Rs 160: Edelweiss
Edelweiss has maintained buy rating on Coal India with a target price of Rs 160. The stock ended down 0.4 per cent at Rs 139.40 on Wednesday while the BSE Sensex closed 1203.18 points down (-4.08 per cent) at 28,265.31. Coal India Ltd., incorporated in 1973, has a market cap of Rs 85908.43 crore.

Investment RationaleCoal India's March performance

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Asian stocks slip as Trump warns of horrors to come
SINGAPORE: Asian equities fell for a second session on Thursday, after a dire warning about the US coronavirus death toll had investors looking to the safety of dollars and bonds and bracing for more bad news from US jobless figures.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2 per cent. Japan's Nikkei extended Wednesday's

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Dow Jones dives 4% as virus pandemic fears intensify
New York: Wall Street's three major indexes fell more than 4% on Wednesday, after President Donald Trump's dire warning on the U.S. death toll from the coronavirus sent investors running from even the most defensive equities.

Trump warned Americans late Tuesday of a "painful" two weeks ahead and health officials highlighted research predictions of

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Credit Suisse has outperform rating on Inter-Globe Aviation, target price Rs 1,850
Credit Suisse has maintained outperform rating on Inter-Globe Aviation with a target price of Rs 1,850. The stock ended down 6.41 per cent at Rs 999.75 on Wednesday while the BSE Sensex closed 1203.18 points down (-4.08 per cent) at 28,265.31. InterGlobe Aviation, incorporated in 2004, has a market cap of Rs 38470.01 crore.

Investment Rationale

Indi

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Mumbai: Financiers looking for higher returns post the sharp cut of rates of interest in tiny financial savings products as well as bank down payments by up to 140 basis points could transform to financial as well as PSU debt funds. These funds might provide capitalists 6.5-7.5%, consequently aiding them gain 50-150 basis factors more than small cost savings products. For those in the high tax
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Tech View: Nifty forms Bearish Belt Hold as bears tighten grip
NEW DELHI: Nifty on Wednesday tumbled 4 per cent in a session, which was ruled entirely by the bears. The selling kicked off from the word go and ended near the day’s close, as the index formed a Bearish Belt Hold pattern on the daily chart.

Analysts said the index needs to defend the 8,250 level to avoid further rounds of selling.

“Nifty in this p

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Buy Axis Bank, fair value Rs 620: Kotak Institutional Equities

FEATURED FUNDS

HDFC Mid-Cap Opportunities Direct Plan-Growth

★★★★★

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Analyst Calls: RIL, UPL, Bajaj Finance, Titan
Good morning!

The domestic stock market on Thursday showed early signs of a possible breakout from its consolidation range.

• Motilal Oswal has maintained buy rating on Varun Beverages and raised target price to Rs 766 from Rs 750. With the April to June quarter usually contributing 40 per cent of sales, the Covid-19-related shutdown implies

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Investor wealth erodes Rs 3.20 lakh crore on first trade of FY21 as markets tumble
New Delhi: Investor wealth dropped Rs 3,20,633.05 crore on the first day of the new financial year as selling resumed in the equity market amid rising cases of COVID-19. The Sensex tanked 1,203.18 points or 4.08 per cent to close at 28,265.31 on Wednesday.

Tracking weakness in equities, the market capitalisation of the BSE-listed companies eroded

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