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Buy Tata Consultancy Services, target price Rs 1,970: Chandan Taparia

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A US recession? Probably. Depression? Only if the virus is untamed
WASHINGTON: A US recession may already be underway. Could it be worse?

The Great Depression that began with a stock market crash in 1929 and lasted until 1933 scarred a generation with massive unemployment and plummeting economic output.

It reshaped America, shifting migration patterns, and spawning new styles of music, art and literature. Under

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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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Five custodian banks alert Sebi on FPI licence renewal
Five multinational banks, handling funds and securities of foreign portfolio investors (FPIs), have alerted the Indian capital market regulator that several foreign funds, caught in the Covid-19 situation, will be unable to renew their licence unless some of the rules are changed.

In a joint letter to the Securities - Exchange Board of India

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Fed's term repo operation receives no bids for first time
NEW YORK: The Federal Reserve’s term repurchase agreement (repo) operation on Friday morning received no bids out of a possible $500 billion for the first time since regular operations began last year.

The lack of bids suggests that liquidity has improved in the market for short-term borrowing of government securities as the Fed has pumped in

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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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Banks win extra year for basel capital rule
Global banking regulators delayed billions of dollars in new capital requirements by a year to January 2023 to let the industry respond to the coronavirus pandemic.

The decision applies to tough restrictions on how banks assess the risks of everything from mortgages to equities and complex derivatives handled by trading desks on Wall Street and

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IMF says world already in recession, emerging markets need $2.5 trillion

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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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Sell TVS Motor Company, target price Rs 275: Chandan Taparia

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Bruised Indian economy to be battered further by coronavirus: Reuters poll
BENGALURU- India's already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll found.

With the virus spreading rapidly, Prime Minister Narendra Modi announced a three-week nationwide lockdown on Tuesday which will have a

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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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Spike in delivery-based trades hints at a possible recession

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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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SBI raises $100 million via green bonds amid COVID19 scare
County’s banking behemoth the State Bank of India raised $100 million via dedicated bonds despite challenges in global financial markets, charred by COVID19 outbreak.

The transaction reinforces that investors still bet on sovereign-backed issuances from emerging markets like India.

“It is an extremely important transaction for India especially in t

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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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Debt funds get RBI booster; medium, long-term schemes to gain most
Mumbai: The Reserve Bank of India's (RBI) much needed liquidity injection and rate cuts provide some relief to debt funds which were facing tough times due to foreign institutional investors’ unabated selling pressure.

RBI finally bit the bullet on Friday and responded to the coronavirus-induced crisis with a whopping 75 basis points cut in the

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

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We are using line graphes, as they would enable us to take a longer-term framework of the once a week charts. We do this to ensure that we can check out the behavior of the market versus the decade-long pattern line, which stands violated. After a substantial decline of over 12 percent a week before this, Great decelerated its decrease and also ended with a small loss. T.
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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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By DK Aggarwal

The stocks futures market is not everyone’s cup of tea. Speculators such as position traders, day traders, swing traders and hedgers usually trade in stock futures. Hedgers use futures to hedge price movements of underlying assets. The ultimate goal is to prevent losses from potentially unfavourable price movement rather than to

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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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