Short sellers may lift the market to protect gains
It is fair to say that short sellers have won this round. These investors, who typically bet on the price of an equity or asset going down, have made a killing amid the broader selloff that has roiled US financial markets for the past month.

The time has now come to protect those profits before stocks start potentially rebounding. On Tuesday, the

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Mumbai: Shares of Reliance Industries (RIL), India's many valuable firm, skyrocketed 15 percent on Wednesday, driven by report that Facebook is considering a risk in Jio, the telecommunications business of the energy-toentertainment conglomerate. RIL shares have actually been under stress as well as was up to their 52-week low of Rs 875.70 on Monday. On Wednesday, it

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Indiabulls Housing Finance shares down 1%
NEW DELHI: Shares of Indiabulls Housing Finance Ltd. traded 1.16 per cent down in Wednesday 's trade at 09:52 am. Around 4286496 shares changed hands on the counter. The stock opened at Rs 85.1 and touched an intraday high and low of Rs 91.9 and Rs 83.2 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 1003.9 and a

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RK Damani buys 16 lakh shares of India Cements

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Asian markets tread cautiously ahead of US stimulus, jobs
SINGAPORE: Asian stock markets made a cautious start on Thursday following two days of rallies, as investors await the passage and details of a $2 trillion stimulus package in the United States to combat the economic fallout from the coronavirus.

Senate leaders hope to vote on the plan later on Wednesday in Washington, but it still faces

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YES Bank shares plunge 14% in early session
NEW DELHI: Shares of YES Bank traded 13.71 per cent down in Wednesday 's trade at 09:43 am. Around 14064858 shares changed hands on the counter. The stock opened at Rs 35.3 and touched an intraday high and low of Rs 35.5 and Rs 30.15 , 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 .

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Stocks in the news: India Cements, RIL, TVS Motor, YES Bank and Indiabulls Real Estate
NEW DELHI: Nifty futures on the Singapore Exchange traded 68.50 points or 0.82 per cent lower at 8,311.50, indicating a negative start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

India Cements: Investor Radhakishan Damani bought 16 lakh shares of India Cements at Rs 94.97 per share, BSE bulk deal data showed.

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How will India lockdown play out for economy markets: 4 scenarios
NEW DELHI: With fresh coronavirus cases on the rise in India, the nation has started witnessing second-round effects of the virus spread: a complete halt to economic activity.

The government, analysts said, must consider more measures to tackle the situation, if third round of effects – job losses, stretched balance sheets, lower capex and weak c

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Buy United Spirits, target price Rs 680
Dolat Analysis - Research Themes (DART) has given a buy with a target price of Rs 680 at 40 times FY22E EPS.

United Spirits started its premiumisation journey a couple of years back though it’s success has been limited. The industry too has witnessed a lot of disruptions. However, with a strong portfolio of brands, scale of operations and m

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Mumbai: The securities market jumped 6.6 per cent on Wednesday scratching its finest one-day gain in virtually 11 years as restored global positive outlook after the arrangement on the $2 trillion United States monetary stimulus boosted hopes that the Indian government will certainly comply with suit with a big plan of its own. Wednesday's jump adhered to Tuesday's rise as well as noted the first oc

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Shares of Torrent Pharma fall 5%
NEW DELHI: Shares of Torrent Pharmaceuticals traded 5.29 per cent down in Wednesday 's trade at 10:17 am. Around 80130 shares changed hands on the counter. The stock opened at Rs 1777.1 and touched an intraday high and low of Rs 1823.75 and Rs 1711.5 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 2279.95 and a

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Shares of Quess Corp down 5% in early trade
NEW DELHI: Shares of Quess Corp Ltd. traded 5 per cent down in Wednesday 's trade at 09:37 am. Around 15271 shares changed hands on the counter. The stock opened at Rs 200.65 and touched an intraday high and low of Rs 207.25 and Rs 200.65 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 896.65 and a 52-week low of Rs

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Buy Voltas, target price Rs 637: Motilal Oswal
Motilal Oswal has maintained a buy rating on Voltas in the long term with a target price of Rs 637. Shares of Voltas ended up 2.44 per cent at Rs 490.90 on Wednesday while the BSE Sensex closed 1861.75 points up (+6.98%) at 28,535.78.

Voltas Ltd., incorporated in 1954, is a largecap company with a market cap of Rs 16243.13 crore.

Investment

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Inox Leisure shares down 4% in early trade
NEW DELHI: Shares of Inox Leisure traded 4.53 per cent down in Wednesday 's trade at 10:09 am. Around 67280 shares changed hands on the counter. The stock opened at Rs 232.0 and touched an intraday high and low of Rs 241.4 and Rs 231.5 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 507.05 and a 52-week low of Rs

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Shares of ITC tumble 5.38% in early trade
New Delhi: Shares of ITC traded 5.38 per cent down in Wednesday's trade at 09:36 am. Around 51,59,085 shares changed hands on the counter. The stock opened at Rs 151.0 and touched an intraday high and low of Rs 152.0 and Rs 140.75, respectively, in the session so far.

The FMCG major said it is in discussion with local authorities over production

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Buy Hindalco, target price Rs 154: IIFL
IIFL has maintained a buy rating on Hindalco Industries with a target price of Rs 154 in the long term. Shares of Hindalco Industries ended up 6.7 per cent at Rs. 94.75 on Wednesday while the BSE Sensex closed 1861.75 points up (+6.98%) at 28,535.78.

Hindalco Industries Ltd., incorporated in 1958, is a largecap company with a market cap of Rs

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Amara Raja Batteries shares up 1%
NEW DELHI: Shares of Amara Raja Batteries Ltd. traded 1.33 per cent up in Wednesday 's trade at 10:02 am. Around 76219 shares changed hands on the counter. The stock opened at Rs 370.35 and touched an intraday high and low of Rs 389.9 and Rs 370.35 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 813.4 and a 52-week

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Hindustan Unilever shares gain 2% in early trade
New Delhi: FMCG firm Hindustan Unilever (HUL) said the company has been facing a "significant amount of difficulty" in running the factories and transportation of goods for the last couple of days in the wake of lockdowns due to coronavirus spread.

Shares of HUL traded 2.06 per cent up in Wednesday's trade at 09:28 am. Around 3,12,665 shares

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LICvaluation pegged at over Rs 11 lakh crore
Independent valuation firm RBSA Advisors’ has valued the Life Insurance Corporation of India (LIC) in the range of Rs 9.9 lakh crore to Rs 11.5 lakh crore, much lower than what private insurers command.

Market capitalisation as a percentage of assets under management (AUM) is lower for the state behemoth as LIC distributes about 95% of its surplus

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Opening gains fizzle out! Sensex drops 300 pts, Nifty tests 7,700
NEW DELHI: After barely 30 minutes of trading in green, domestic equity indices wiped their gains as bears took the command back on Dalal Street on Wednesday as India went under a lockdown.

India has reported 519 cases as per Ministry of Health and Family Welfare. Prime Minister Narendra Modi announced a 21-day lockdown across the country on

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RIL jumps 10% as Facebook looks to buy stake in Jio
Shares of Reliance Industries (RIL) advanced 10 per cent in Wednesday’s trade after reports that social media giant Facebook is in talks to buy a 10 per cent stake in Reliance Jio, billionaire Mukesh Ambani’s telecom and internet services venture.

Financial Times citing two people familiar with the negotiations said the social media giant was

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Varun Beverages shares down 5% in early trade
NEW DELHI: Shares of Varun Beverages traded 4.61 per cent down in Wednesday 's trade at 09:57 am. Around 39374 shares changed hands on the counter. The stock opened at Rs 575.0 and touched an intraday high and low of Rs 583.0 and Rs 534.35 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 868.0 and a 52-week low of Rs

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Mumbai: When in Rome, do as the Romans do. The Reserve Financial Institution of India (RBI), discovering itself in dilemma region that international portfolio investors (FPI) have to go across occasionally, is borrowing their danger reduction strategies. Like FPIs, Mint Road is stockpiling United States treasury holdings, and also has acquired greater than $2 billion well worth of added American

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ET Intelligence Group: A 21-day lockdown is expected to make issues worse for the road construction market, which is currently encountering moneying problems. Absence of toll collections and labour because of lockdown lessens the possibility of revenues rebirth in the sector which in turn restricts its range to bid for brand-new tasks. While the federal government has

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Confused which stocks to pick after the rout? Buy all of them. Here's how!
As stock valuations have fallen to multi-year lows after a brisk, across-the-board selloff, there could not be a better time to buy stocks for long-term investment. But the question is, which stocks to buy?

Some of the top fund managers say it is time one stopped worrying about which stock to pick or which mutual fund scheme to invest in. Instead,

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Economy in ICU, says HDFC Bank Chief, but downplays covid risks to loan quality
HDFC Bank chief executive Aditya Puri said the Indian economy is in an intensive care unit, requiring both the Reserve Bank of India (RBI) and the government to come up with emergency measures to prevent the economy from slipping into a coma.

The longest-serving bank chief in the country said his bank was in fine fettle and that speculation of a

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Buy Tata Steel, target price Rs 594: ICICI Securities

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Vedanta stock up 0.64%
New Delhi: Shares of Vedanta traded 0.64 per cent up in Wednesday's trade at 09:59 am. Around 39,46,093 shares changed hands on the counter. The stock opened at Rs 62.7 and touched an intraday high and low of Rs 64.7 and Rs 62.35, respectively, in the session so far.

Moody's Investors Service placed mining firm Vedanta Resources's rating under

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Kolkata|New Delhi: Microfinance companies are slowing down new loan dispensations in the nation s rural heartland as a direct fallout of the coronavirus break out. They are likewise facing non-repayment from consumers whose incomes may take a hit as the nation goes right into lockdown to battle the spread of coronavirus. Anticipating liquidity tightness,

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