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Uncertain times leads to panic and also markets have actually reacted accordingly over the past couple of weeks. Nevertheless, it seems panic marketing has actually now come to a halt, at the very least for the time being. The revival of confidence to some extent can be credited to the federal government's efforts the world over to supply stimulus and prevent major damage to economies. After US' $2
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How lockdown created absurdities in Indian securities markets
The coronavirus crisis and the national lockdown announced by Prime Minister Narendra Modi on March 24 have brought to the fore the digital divide within the Indian equity and commodity markets.

Right through this week while many brokers and a prominent brokers’ associations that have faced the brunt of the lockdown, have asked for equity and c

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F O: RSI, VIX offer a lot of relief to the bulls; 8,300 level key now
By Chandan TapariaNifty opened on a positive note on Thursday on the back of favourable global cues. It filled the opening gap due to a marginal fall in opening trades, and then started moving northward. The index made higher highs and lows for the second consecutive session and continued its winning streak for the third day in a row.

If formed a

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Brave New World: Where is gold headed? Fed balance sheet telling something

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The marketplace remained to see technological pullback for the third straight session, as NSE Nifty ended on a strong note on Thursday. After experiencing a quiet beginning to the day, the morning trade saw the index staging a wise rally, which took the benchmark past the 8,700 level. However, it soon came off day s high. For the remaining component of the session,
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Market Movers: IndusInd Bank soars; L T, Airtel rally; 78 stocks give -lsquo;buy- signals
NEW DELHI: Bulls remained in a commanding position on Dalal Street on Thursday, as benchmark equity indices extended the rally to a third straight session, as the government announced a slew of measures to cushion the impact of the coronavirus pandemic.

Banks and financials were at the forefront of the rally. IndusInd Bank leaped 45 per cent,

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Bernstein cuts Bajaj Finance to ‘underperform&

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Sameer Gehlaut buys Indiabulls Housing shares and other top bulk deals of the day
NEW DELHI: Benchmark equity indices Sensex and Nifty extended their rally for the third straight session on Thursday after Finance Minister Nirmala Sitharaman announced a relief package worth Rs 1.70 lakh crore to protect the country from the impact of the coronavirus lockdown.

The 30-share BSE barometer soared 1,410.99 points or 4.94 per cent to

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FMpackage leaves market wanting more; short covering saves the day
NEW DELHI: Finance Minister Nirmala Sitharaman’s much-awaited stimulus package turned out to be a relief package for country’s poor – the bottom of the pyramid— in the wake of lockdowns and had nothing for industry as such.

But later the Finance Minister said she would soon come back with something more.

The focus of Thursday package was to ensure

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Standard Life sells 2.5% in HDFC Life for Rs 2,200 crore
UK's Standard Life on Friday sold 50 million shares, or 2.5 per cent ownership, in HDFC Life Insurance for Rs 2,200 crore through open market transactions. Shares were sold at Rs 441 per share, about 8 per cent discount to Thursday’s closing price of Rs 477.30.

Leading foreign institutional investors such as Capital Group Asset Management, Fidelity

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YES Bank to raise Rs 5,000 crore in fresh round of fundraising

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Board Meetings Today: 3M India, Rupa Company, Lumax India and S Chand

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Wall Street week ahead: Fund rebalancing could help buoy stock rebound
NEW YORK: Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fueled market drop. With the S-P 500 having lost around a third of its value in the recent selloff, investors may need to step up their equity purchases and sell
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YES Bank raises fundraising size to Rs 15,000 crore
MUMBAI: Private lender YES Bank on Thursday said it has increased its fundraising size to Rs 15,000 crore from Rs 10,000 crore.

In a late evening release, the bank said it will raise the additional amount through shares, ADRs, GDRs or convertible bonds.

The lender has already raised over Rs 10,000 crore from SBI and other key banks and financial

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Europacific Fund sells 35.8 lakh IndusInd Bank shares

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The optimism in the banking sector after the Reserve Bank of India announced a 75-basis point rate cut and a host of measures to fight the economic damage from coronavirus outbreak was rather short-lived.

Traders booked profits in banking stocks on Friday after the announcement of a series of measures, which also included a cut in reverse repo

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Dow Jones rallies as job losses stir talk of more stimulus
Wall Street surged on Thursday as record weekly jobless claims came in below investors' worst fears, making a case for more aggressive stimulus to aid businesses and families wrecked by the economic fallout of the coronavirus pandemic.

The number of Americans filing claims for unemployment benefits surged to 3.28 million last week as state-wide

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Fed unbound: Balm for markets, economy
The Federal Reserve has taken unprecedented steps to lessen the impact of the coronavirus pandemic on global financial markets and the US economy.

Beginning with an emergency interest-rate cut announced March 3, the Fed has run through its 2008-09 crisis playbook and leapt into uncharted territory.

The steps include massive bond purchases, a slew

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YES Bank raises Rs 3,700 crore via CDs
MUMBAI: YES Bank has raised Rs 3,700 crore via certificates of deposit after the central bank-initiated bailout lifted investor sentiment on the lender, three people with the direct knowledge of the matter told ET.

This could well pave the way for the bank’s future fund raising plans as the lender is set to begin a new innings under a new

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Investors wealth zooms Rs 11.12 lakh crore in three days of market rally
New Delhi: Investor wealth rose for the third consecutive day on Thursday, gaining Rs 11,12,088.78 crore in three days, as equity markets continued their sharp rally.

The BSE benchmark index Sensex advanced 1,410.99 points or 4.94 per cent to close at 29,946.77 on Thursday.

In three days, the index has gained 3,965.53 points. The market

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Sell Havells India , price target Rs 450: Jayesh Bhanushali

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No new business, little profit: Banks face the squeeze
MUMBAI: Indian banks will have to brace themselves for a prolonged period of lower profits resulting from a hit in revenues and almost zero new business due to disruptions induced by Covid-19. Experts see a sharp drop in transactional fee income, while disbursements are also expected to come to a standstill.

“If the last quarter is anything to go b

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Moody's warns of downgrading Tata Motors
Mumbai: Moody's Investors Service has placed the ratings on Tata Motors on review for a possible downgrade.

The review, which will be completed over the next 90 days, is on the Ba3 corporate family rating and Ba3 senior unsecured debt rating,Moody's said in a statement.

The outlook on ratings under review has been revised from negative, Moody's

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Buy United Breweries, price target Rs 950: Jayesh Bhanushali

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US stocks fall, snapping three-day winning streak
Wall Street stocks sank Friday, plunging after three positive sessions despite the House of Representatives approving a $2 trillion package to address the coronavirus crisis.

The Dow Jones Industrial Average sank 4.1 percent, or 915 points, to 21,636.78.

The broad-based S-P 500 dropped 3.4 percent to 2,541.47, while the tech-rich Nasdaq

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Sebi disposes of case against IDFC Asset Management Company, BNP Paribas Asset Management
New Delhi: Markets regulator Sebi on Thursday disposed of a matter against IDFC Asset Management Company and BNP Paribas Asset Management which alleged that the firms indulged in insider trading while dealing in Manappuram Finance Ltd's (MFL) scrip.

Sebi, pursuant to an investigation in the matter of selective disclosure of unpublished price

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Buy Cholamandalam Investment Finance Company, price target Rs 168: Jayesh Bhanushali

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RBI to suck out Rs 3.5 lakh crore, correct rate anomalies
MUMBAI: India's central bank stepped up its liquidity management efforts with a record Rs.3.5 lakh crore reverse repo exercise scheduled for Friday, aiming to correct the anomalies between two overnight interest rates.

The Reserve Bank of India (RBI) will conduct a variable reverse repo auction where banks can park their excess cash in the system

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RBI2nd tranche of OMO receives robust response
The second tranche of purchase of government securities under open market operations (OMOs) received a robust response from the market, the Reserve Bank of India said on Thursday. The central bank received bids for Rs 39,529 crore against Rs 15,000 crore notified by the RBI.

This OMO purchase auction was earlier scheduled for March 30.

"On review

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PSU banks announce special credit facility for MSMEs
Mumbai/Kolkata: Following the footsteps of State Bank of India other state-run lenders Bank of India, Union Bank of India, Uco Bank and Indian Bank too announced emergency credit lines for their existing MSME borrowers. This is being done in consultation with the ministry of finance and there are expectations that more banks will follow through
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