StockMarket

MUMBAI: The Securities and Exchange Board of India (Sebi) has imposed curbs on trading in futures and options to curtail frenzied activity that has increased volatility amidst a near shut down of economic activity due to coronavirus.

The capital market regulator has capped the bearish bets that foreign investors, mutual funds and proprietary desks

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Market Movers: ONGC, HUL, RIL rally; YES Bank tanks; VIX eases
NEW DELHI: Pouncing on the opportunity to buy at cheaper valuations, investors picked up blue chips as well as midcaps with both hands on Friday, leading to a surprise rally in the domestic benchmark indices.

Stocks like ONGC, Reliance Industries, HUL, TCS and Ultratech Cements gained 10-19 per cent as investors went shopping on the first sign of

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Market Movers: YES Bank, IRCTC, Shree Cement tank; VIX at 12-year high, 93 stocks ‘oversold&
NEW DELHI: After a seesaw battle between the bulls and the bears, domestic equity benchmarks closed in the red on Thursday amid a spike in coronavirus cases in India.

Banks and financials were battered, as concerns over credit repayment dented investor sentiment. Railway ticket master IRCTC had another bad day, as Indian Railways was forced to

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Dow Jones drops more than 900 points, ending worst week since 2008
Wall Street ended the week the same way it began: in full retreat from the coronavirus.

Stocks fell sharply and the price of oil sank Friday as federal and state governments moved to shut down bigger and bigger swaths of the nation's economy in the hope of limiting the spread of the outbreak.

The Dow Jones Industrial Average slid more than 900

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Tata Arbitrage Fund suspends fresh sales
Tata Arbitrage Fund, one of the top performing scheme in the category, has suspended fresh flows from March 19. Arbitrage funds look to benefit from the price anamolies between shares and its futures contracts. But, in the wake of the sharp sell off in the stock market, arbitrage opportunities have dwindled.

In this strategy, these schemes buy a

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Tech View: Nifty forms bullish candle, may see support in 7,800-8,000 range
NEW DELHI: Nifty50 tanked 2 per cent on Thursday, taking its losing streak into fourth straight session. That said, the index staged an intraday rebound and closed above the opening level. In the process, the index formed a bullish candle on the daily chart.

Analysts said levels in the 7,800-8,000 zone may offer some support to the index. The NSE

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Dow Jones falls again to end Wall Street's worst week since 2008
Wall Street stocks plunged again on Friday bringing the market's worst week since 2008 to a grim conclusion, as the worsening coronavirus pandemic hammers the economy.

After a volatile session which saw stocks spend part of the day in positive territory, the Dow Jones Industrial Average lost 4.6 percent, or around 915 points, to end at 19,173.98,

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Sebi provides operational exemptions to FPIs
Securities and Exchange Board of India (Sebi) has provided exemptions for off-shore funds from submitting physical forms in wake of the Corona outbreak, said people privy to the development. FPIs will now be able to submit scanned or electronic documents for various purposes including renewal of their license and annual compliance documents, an
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Within 48 hours, BofA sharply slashes India growth forecasts as global recession sets in
MUMBAI: Within two days, brokerage Bank of America Securities has sharply cut the June quarter growth forecast by 90 bps to a low of 3.1 per cent and the full-year India GDP target by 100 bps to 4.1 per cent for FY2021, citing an almost certain global recession due to the Covid-19 pandemic.

On Wednesday, Bank of America Securities India had

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ICRA downgrades Future Group co to 'junk'
MUMBAI: Rating company ICRA Friday downgraded the creditworthiness of Future Corporation Resources Pvt Ltd (FCRPL), citing high levels of debt and pledged shares.

The future group company is now rated BB+(Stable), technically in the junk category, compared with triple-B (negative) that qualifies as investment grade.

“The revision in ratings r

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In a session marked by high volatility and wide trading range, Indian stock on Thursday fluctuated on both sides and finally ended in the negative for the fourth day in a row. The market witnessed a sharply lower opening amid weak global setup. After opening gap down, NSE Nifty attempted to recover its losses. By late afternoon, the index
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Accenture slashes FY20 revenue growth forecast due to Covid-19
Bengaluru: Accenture has slashed its FY20 revenue growth expectation, despite strong strong quarter growth, as result of the spreading Covid-19 epidemic, a move that will likely be replicated when Indian IT companies begin to report their results in April

The New York-listed IT services giant follows a September to August financial year and is the

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Stock brokers allowed to work from home for the first time
MUMBAI: For the first time stock brokers have been allowed to access the market from their homes. Amid fears that the COVID-19 virus could further spread, dealers and employees of brokerages have been temporarily permitted to log into trading systems from remote locations to put through client orders and execute transactions.

The arrangement will

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Ahead of Market: 12 things that will decide stock action on Friday
NEW DELHI: Global gloom and unabated panic over the coronavirus pandemic continued to hammer equities, as steps taken by global central banks to arrest the economic fallout from the virus outbreak failed to calm investors.

BSE Sensex ended at 28,288.23, down 581.28 points against the previous close of 28,869.51. Likewise, 50-share Nifty settled

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Sensex plunges 581 pts as whiplash on D-Street continues
MUMBAI: The domestic equity market witnessed another day of bear hammering as risk was out of vogue and global markets continued to melt in the light of the relentless spread of coronavirus pandemic.

BSE barometer Sensex dropped 2.01 per cent or 581 points to close at 28,288 on Thursday, while its NSE counterpart Nifty fell 2.35 per cent or 199

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Sebi tightens rules on short selling, raises margins on non-F O stocks to curb volatility
MUMBAI: India's market regulator on Friday halved position limits for certain stock futures, restricted short-selling of index derivatives and raised margin rates for some shares in a bid to curb "abnormally high" volatility amid the coronavirus pandemic.

The measures by the Securities and Exchange Board of India (Sebi) come after markets around

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PM Modi sets up task force to assess coronavirus impact on economy
NEW DELHI: Prime Minister Narendra Modi on Thursday constituted a Covid-19 Economic Response Task Force, which will look into the economic fallout of this pandemic. The task force, which is headed by Finance Minister Nirmala Sitharaman, will get in touch with all stakeholders and take their feedback to make decisions accordingly.

According to a

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Nifty forms ‘Death Cross& on daily chart; analysts say it may slip all the way to 7,000
Adding to the woes of the bulls, Nifty has just formed a Death Cross on the daily charts – a signal considered ominous for the market’s near-term outlook. However, analysts said it may not have much significance given the sharp fall that the market has already witnessed.

A ‘Death Cross’ gets formed on daily charts when the short-term moving

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Sebi bars Trinity Tradelink, its officials from securities market for 3 years
New Delhi: Markets regulator Sebi has barred Trinity Tradelink Ltd, its senior officials and promoters from accessing securities market for three years for allotting equity shares in violation of public issue norms.

During a probe, Sebi found that Trinity Tradelink, which was an unlisted company, merged with a listed firm Omnitech Petroleum Ltd.

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F O: Nifty50 trading range at 7,800 to 9,000
By Chandan TapariaNSE Nifty started the session on a negative note on the back of sharp selloff in global bourses. The index breached the 8,000 mark in initial trades and hit December 2016 lows (demonetisation correction). However, the 50-stock pack witnessed tremendous recovery of more than 700 points from the intraday lows, and thus filled
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Covid-19 impact: Dow Jones sheds more than 1300 points in latest US stocks rout
Wall Street stocks plunged again Wednesday as the economic toll from the coronavirus mounts and analysts warn of a deep recession.

The Dow Jones Industrial Average tumbled 6.3 percent, or more than 1,300 points, to close the day at 19,898.92, its first close below 20,000 since 2017.

The broad-based S-P 500 dropped 5.2 percent to finish at

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Sebi fines 7 entities for fraudulent trade in Sanwaria Agro stocks
New Delhi: Markets regulator Sebi has imposed a total penalty of Rs 32 lakh on seven entities for indulging in fraudulent trading in the shares of Sanwaria Agro Oils.

The regulator conducted a probe in the scrip of Sanwaria Agro during March-May 2010 and found that these seven connected entities indulged in reversal, synchronised trades among

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Dow Jones turns higher as Trump promises cures, cash
Wall Street pushed into positive territory on Thursday as policymakers pulled out all the stops to try and stave off a deep and lasting coronavirus-driven recession and its damaging fallout on corporate America.

President Trump, in a now regular update for Americans hunkered down in their homes, said there were therapies that he believed could be

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Madhu Kapur sells 2.5 crore shares of YES Bank
Madhu Kapur wife of late Yes Bank co founder Ashok Kapur has sold about 2.5 crore shares of the bank at Rs 65 a piece netting her Rs 161 crore.

The share sale was done through a block deal on the NSE data on the stock exchange showed. The sale makes about 14% of Kapur's stake. Prior to the sale Kapur held 17.6 crore shares the the bank.

The sale

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JapanKubota to acquire 10% stake in Escorts for Rs 1,042 crore
New Delhi: Engineering conglomerate Escorts Friday said Japan’s Kubota Corporation will acquire 10% equity stake engineering in the firm for Rs 1042 crore.

Upon completion of this transaction, Escorts and Kubota will partner and aim to become a leading player in the Indian market and a hub of product development, manufacturing and sourcing for

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FIIs pull out $4.9 billion from equities in March; outflows set to surpass 2008 levels
Mumbai: Foreign institutional investors (FIIs) have sold a net of $4.9 billion of Indian shares so far in March, and the outflows for the month are set to surpass the 2008 crisis level.

However, foreign investors say India may be better placed relative to other emerging market peers, when recovery sets in.

For now, risk was completely off the

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Warren Buffett says negative rates are puzzling, but not scary
By Katherine ChiglinskyWarren Buffett said the prospect of negative interest rates is a bit confusing.

“They puzzle me, but they don’t scare me,” Buffett said in a Yahoo Finance interview when asked if negative rates frighten him.

U.S. policy makers have been seeking to grapple with the economic fallout of the coronavirus pandemic, with the Federal

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F O: Nifty charts show both positive and negative signs; fingers crossed
By Chandan Taparia

Nifty kicked off Friday’s session on a flat note and moved lower in early trade. The index witnessed a remarkable recovery of more than 700 points from its intraday lows and, as a result, Nifty managed to close above its previous session’s high for the first time in last one month. This would be a sign of relief for the bulls.

The

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Ambanis marginally increase stake in Reliance
New Delhi: Billionaire Mukesh Ambani, his wife, and three children have marginally raised their personal shareholding in Reliance Industries Ltd (RIL) by acquiring some shares of another promoter group entity. Overall, the promoter group shareholding in the oil-to-telecom conglomerate remains unchanged at 47.45 per cent, the company said in a
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Indian banks shelve fundraising plans as coronavirus derails markets
MUMBAI: Two state-owned Indian banks that were aiming to raise funds to meet growth targets and build up capital for regulatory requirements have shelved their plans due to the disruption to markets caused by the coronavirus pandemic, sources said.

Bank of India was planning to raise around 20 billion rupees ($269 million) via a qualified

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