StockMarket

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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Deferring credit card, personal loan payments may cost more
MUMBAI: Read the fine print on your credit card bill? If you did, you might not consider deferring those repayments — or that personal loan you took to fund that trip to Maasai Mara this winter.

Of course, the central bank has given a three-month grace on repayments — and those include unsecured loans such as credit card repayments and personal l

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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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Buy Thermax, fair value Rs 870: Kotak Institutional Equities
Kotak Institutional Equities has retained buy rating on Thermax and revised fair value down to Rs 870 from Rs 1,140. Shares of Thermax ended down 0.6 per cent at Rs 757 on Monday while the BSE Sensex closed 1375.27 points down (-4.61 per cent) at 28,440.32.

Thermax Ltd., incorporated in 1980, has a market cap of Rs 9020.73 crore. Investment

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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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Buy Hero MotoCorp, target price Rs 2,200: Investec Securities
Investec Securities has upgraded Hero MotoCorp to buy from hold and cut target price to Rs 2,200 from Rs 2,400. Shares of Hero MotoCorp ended down 6.5 per cent at Rs 1,551.80 on Monday while the BSE Sensex closed 1375.27 points down (-4.61 per cent) at 28,440.32.

Hero MotoCorp Ltd., incorporated in 1984, has a market cap of Rs 30995.56 crore. Inves

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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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Aditya Birla Sun Life Tax Relief 96 Direct-Growt..

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Mumbai: Rates of interest on financial institution deposit slips (CDs) dived by as much as 275 basis points in simply 3 working days, giving alleviation to pick personal industry banks that were paying a lot more for short-term funding. Axis Financial institution's CDs traded as high as 7.75 per cent before RBI revealed an unscheduled bi-monthly plan last Friday. These instruments
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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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Aditya Birla Sun Life Tax Relief 96 Direct-Growt..

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High volatility as well as rapid speed of erosion in market value have triggered investors to relax a lot of agreements in the by-products market. The cumulative open passion (OI) of the index futures slid to 199,434 contracts on the NSE, the most affordable because November 2015 and almost fifty percent of the long-term standard of 376,401 agreements. The OI
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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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Why are sugar stocks rallying in a weak market
Mumbai: Shares of sugar producers advanced in a falling market on Monday as investors bet on demand for the commodity remaining strong despite the ongoing 21-day lockdown. Hopes of sugar producers in Uttar Pradesh securing permission from the state government to manufacture hand sanitisers also boosted sentiment.

Rana Sugars gained 3 per cent to

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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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PE major Bain CapitalAxis Bank deal under margin pressure
Mumbai: As Axis Bank shares sank in the ongoing market meltdown, PE major Bain Capital is understood to have come under pressure from top offshore banks that had part-funded its investment in the private sector lender three years ago, said multiple people in the know.

Discussions are underway between the PE major and the lenders to restructure the

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Stocks in the news: Future Retail, HDFC Bank, SpiceJet, Thyrocare, Suzlon and Eicher Motors
Nifty futures on the Singapore Exchange traded 141.25 points or 1.69 per cent lower at 8,484.25, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

Suzlon Energy: SBI-led consortium of lenders has approved a debt resolution plan. Currently, the company's total debt from the lenders stands

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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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Companies caught in disclosure dilemma
Mumbai: Listed companies and their promoters are caught in a legal quandary due to the Covid-19 outbreak. They are uncertain as to how the market regulator Securities and Exchange Board of India’s disclosure norms would apply in the current scenario—and whether they would face questioning after the dust settles.

Sebi’s regulations mandate c

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Asia shares edge up, China factories show flicker of life
SYDNEY: Asian shares managed a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity even as other countries across the globe all but shut down.

China's official manufacturing purchasing managers' index (PMI) bounced to 52.0 in March, up from a record-low 35.7 in February and topping forecasts of 45.0.

An

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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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Buy Sun Pharma, target price Rs 440: Jefferies
Jefferies has retained buy rating on Sun Pharmaceutical Industries and cut target price to Rs 440 from Rs 480. Shares of Sun Pharmaceutical Industries ended down 1.3 per cent at Rs 333.65 on Monday while the BSE Sensex closed 1375.27 points down (-4.61 per cent) at 28,440.32.

Sun Pharmaceutical Industries Ltd., incorporated in 1993, has a market

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Covid-19 in India: Banks wary of liquidity crunch
Mumbai: How many borrowers will use the moratorium on loans? It’s a key question that many banks are grappling with.

Some lenders, particularly private sector institutions, fear that if a large number of borrowers refuse to service loans, Reserve Bank of India’s measures to soften the blow from Covid-19 could fall short of requirement. In such a

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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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US can well afford trillions in relief debt: Bullard
Adding trillions of dollars of borrowing to the US national debt is a necessary fiscal support because of coronavirus-related shutdowns and won’t hamper the country’s ability to grow in the future, says Federal Reserve Bank of St. Louis president James Bullard.

“We are taking it on at very low interest rates,” Bullard said in a Bloomberg Tel

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Eicher Motors' Royal Enfield invokes force majeure clause to select vendors
MUMBAI: Eicher Motors, the maker of Royal Enfield brand motorcycles, has suspended payments to a few of its suppliers, invoking what is known as the ‘force majeure’ clause.

The move reflects the acute distress the industry is going through after a nationwide lockdown forced by the Covid-19 virus outbreak resulted in shuttering of manufacturing

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