StockMarket

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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Jim Rogers expects ‘worst bear market in my lifetime& in coming years
By Ishika MookerjeeAs global stocks attempt to recover from their biggest quarterly loss since the global financial crisis, veteran investor Jim Rogers says there’s worse to come.

The current rebound in markets may continue for a while following a bout of extreme pessimism, but another rout is imminent, according to the chairman of Rogers Holdings

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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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Businesses, banks and government need to move in harmony
By Rajesh Narain Gupta - Sanjay KhannaAs a boy my father shared an idea which I didn’t quite understand at that time. I thought about it over the years, as it left an indelible impression on me. He suggested, “… never stop spending, as someone’s expense is someone else’s income. The wheel of the economy runs only when there is spending and
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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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Residential equity indices relieved on Wednesday as rising coronavirus instances in addition to concerns over growth due to large range closed down of businesses anxious capitalists on Dalal Street. Several research firms have predicted a sharp cut in India's GDP growth price, a few of them also stating there could be an economic downturn if the lockdown is extended. M.
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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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Buzzing stocks: Vodafone Idea, YES Bank, RIL, IndusInd Bank
NEW DELHI: Vodafone Idea with over 5.65 crore shares changing hands was leading among the most traded stocks on NSE on Wednesday.

Shares of YES Bank (number of shares traded: 4.49 crore), Alok Industries (number of shares traded: 2.38 crore), SBI (number of shares traded: 1.70 crore), JP Power (number of shares traded: 1.54 crore), IndusInd Bank

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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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F O: Avoid long positions, every small bounce is getting sold off
By Chandan Taparia

Nifty opened on a flat note on Wednesday, but then it started correcting right from the ‘word go’. The index continued to make lower lows for most part of the session and tested the 8,200 mark in intraday trade. Eventually, it concluded the session around the 8,250 mark and formed a Bearish Candle on the daily scale.

There was

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Buy UPL, target price Rs 490: Haitong
Haitong has initiated coverage on UPL Ltd with a buy rating and a target price of Rs 490. The total agrochemical market globally is pegged at $57 billion in 2019. The generic companies’ share has increased to 23 per cent (about $13 billion) from 15 per cent five years earlier, driven by lower commodity prices leading to higher use of generic a
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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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Trending stocks: YES Bank shares jump 6%
NEW DELHI: Shares of YES Bank traded 6.01 per cent up in Wednesday 's trade at 10:39 am. Around 48847861 shares changed hands on the counter. The stock opened at Rs 22.0 and touched an intraday high and low of Rs 24.65 and Rs 20.25 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 286.0 and a 52-week low of Rs 16.15 .

Y

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India's major supply indices in FY20 logged their worst efficiency in a fiscal year considering that the monetary finishing March 2009 as the turmoil out there since February 19 triggered by the international episode of the Coronavirus erased all the gains made in almost 11 months. The Sensex and the Nifty in March taped their worst month because November 2008
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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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DeltaCorp jumps 5% as RK Damani increases exposure
NEW DELHI: Shares of Delta Corp climbed 5 per cent in Wednesday’s trade, a day after Radhakishan Damani bought 15,50,000 shares in the company at Rs 65.25 each from Derive Investments.

Delta Corp, which closed 5 per cent higher at Rs 65.35 on Tuesday, added another 5 per cent in Wednesday's trade to hit a high of Rs 68.75.

Despite this, the scrip

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Buy JK Cement, target price Rs 1,600: Ambit
Ambit has initiated coverage in JK Cement with a buy rating. The target price is Rs 1,600 (an upside of 55 per cent on a CMP of Rs 1034) over 12 months.

JK is committed to building scale and has a strong project management capability. The company has leadership in white cement - putty but among grey cement peers, it remains an average

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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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Trending stocks: Shares of Escorts fall 3%
NEW DELHI: Shares of Escorts traded 3.02 per cent down in Wednesday's trade at 10:37 am. Around 10,66,993 shares changed hands on the counter. The stock opened at Rs 637.0 and touched an intraday high and low of Rs 651.3 and Rs 633.0, respectively, in the session so far.

All of the company's offices and plants shall be shut till April 14, 2020,

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Sell Tata Consultancy Services, target price Rs 1,700: Sagar Doshi

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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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Promoter goes for bottom fishing in this stock as shares crash 65% in March
NEW DELHI: Shares of Indiabulls Housing Finance advanced nearly 9 per cent in Wednesday’s trade after promoter Sameer Gehlaut lapped up 24 lakh shares of the company on Wednesday.

Gehlaut bought 24 lakh shares from the open market at Rs 96.33 apiece, NSE bulk deals data showed.

In total, the group chairman acquired more than 80 lakh shares of the

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Buy Godrej Consumer Products, target price Rs 560: Sagar Doshi

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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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5 stocks that defied meltdown to log 300% gains in FY20
NEW DELHI: Majority of the stocks on BSE ended FY20 deep in the red, as the Coronavirus-induced selloff wiped off equity investors’ wealth in excess of Rs 50 lakh crore and dragged the benchmark indices 23-37 per cent down.

Yet, five stocks stood out from the BSE500 pack; they defied the selloff to log 50-300 per cent gains for a challenging

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Mumbai: Trading in equity derivatives by variety of contracts has dropped by nearly a fifth (19%) in the month through March 30 from the previous month, information on NSE, the most significant exchange, shows. Brokers attribute this to the sharp decline in trading on index alternatives-- Great as well as financial institution Nifty-- as the steep surge in implied volatility triggered substantial losses
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