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Ahead of Market: 12 things that will decide stock action on Wednesday
Rising number of coronavirus cases in India and the world took a heavy toll on Dalal Street on Tuesday, as the domestic stock market reversed decent early gains to end over 2 per cent lower.

Bank and financial stocks took the biggest hit, pushing the market to a three-year low. Rising volatility has been keeping investors worried.

Vinod Nair, Head

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YES Bank not to depend on external sources for funding: Prashant Kumar
NEW DELHI: Private sector lender YES Bank has emerged much stronger with the equity support coming in from the eight large lenders, newly appointed MD and CEO Prashant Kumar said on Tuesday.

Addressing a press conference, Kumar said the provision coverage ratio of the bank has been increased to 72.70 per cent from 43.10 per cent.

Kumar added that

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Stocks reel as Fed leads global rescue effort for markets
SYDNEY: Stock markets and the dollar were roiled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap U.S. dollars to break a logjam in global lending markets.

The aggressive policy steps were aimed at cushioning the economic impact as the breakneck spread of the coronavirus all but shut

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Coronavirus outbreak: Will D-Street follow the suit of other markets in shutting down bourses?
MUMBAI: Market participants have urged regulators to take steps to curtail stock market activity, as India struggles to deal with the spread of coronavirus pandemic.

“This is an unprecedented crisis. A financial crisis can be tackled by an array of tools available with policymakers. Here, it is essentially about existential threat, which is seeing

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Sensex tumbles more than 800 points to three-year low; ICICI slips 9%
Mumbai: Benchmark equity index Sensex erased the day’s gains and tumbled more than 800 points on Tuesday to three-year closing lows, joining the selloff in world equities as the investors fretted over damage to the global economy from fast-spreading coronavirus pandemic.

On Monday, the US President Donald Trump warned the world’s largest economy c

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View: Utilise fading of bounceback for shorting

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Wall Street gains as Fed moves to buy short-term corporate debt

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Sebi bans Paramount Printpackaging, officials from markets for 5 years for IPO fund diversion
New Delhi: Regulator Sebi has barred Paramount Printpackaging and its officials from the capital markets for five years for diverting the proceeds of initial share-sale and failing to make true and adequate disclosure in the IPO papers.

The officials that have been restrained are the company's chairman and managing director Divyesh Ashwin

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Sell Apollo Tyres, price target Rs 90: Chandan Taparia

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SBI Card defies weak market, rallies 8% a day after its debut
NEW DELHI: Shares of SBI Cards and Payment Services jumped 8 per cent on Tuesday, a day after its debut on stock exchanges, even as the broader market remained depressed.

The stock ended the day at Rs 736.10, up 8.03 per cent on NSE. On Monday, the scrip got listed at Rs 658 on the BSE, about 13 per cent discount to its issue price of Rs 755. The

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Overseas investment by Indian cos in February at $2.37 billion

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Sell Mahindra Mahindra Financial Services, price target Rs 252: Chandan Taparia

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Great Depression? Economists warn coronavirus& impact will be severe
NEW YORK: The coronavirus shockwaves rippling through US stocks are forcing investors to contemplate outcomes more dire than a recession, including several quarters of declining economic activity, a credit crisis or even a depression.

The rising global toll from the pandemic and the uncertainty over how far it may spread has left investors and

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SBI Funds Management adopts stewardship code as mandated by Sebi
New Delhi: SBI Funds Management, a joint venture between India's largest bank SBI and European asset manager Amundi, on Tuesday said it has adopted stewardship code which requires the fund house to monitor its investor companies and establish voting policies.

In doing this, SBI Mutual Fund has become the first fund house to implement the

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Buy HUL, price target Rs 2,170: Chandan Taparia

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Market Movers: YES Bank rallies, ICICI, IndusInd tumble; 105 stocks ‘oversold&
NEW DELHI: The bears continued to hammer Indian shares on Dalal Street all through Tuesday, leaving investors no place to hide.

Banks and financials were the most affected, as ICICI Bank and IndusInd Bank fell nearly 9 per cent each. Bajaj Finance and HDFC also came crashing down.

BSE benchmark Sensex tanked 810 points to 30,579 after trading

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SBI Card lists at Rs 658, 13% discount to issue price of Rs 755
NEW DELHI: SBI Cards and Payments (SBI Card) got off to a tepid debut on Monday, as the scrip got listed at Rs 658 on the BSE, a 12.85 per cent discount to its issue price of Rs 755.

On NSE, the scrip listed at Rs 661, down 12.45 per cent against its issue price.

Analysts were expecting the stock to list at around Rs 780-800 a piece against the IPO

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What stocks investors should look at after the fall
It is critical to pick the right stocks in the event of a global downturn. Though the Sensex and the Nifty have dropped 17.5% and mid- and small-cap shares have fallen even more in the past two weeks, the recovery in many of these shares could take a long time. In such a situation, it would be advisable to fall back on quality companies with a
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F O: Avoid long positions, use any bounce as a selling opportunity
By Chandan Taparia

Nifty started Tuesday’s session on a positive note and moved towards the 9,400 mark in first half of the session. However, it failed to sustain at higher levels and nosedived in the last hour of day. As a result, the index trimmed all the intraday gains and fell by around 500 points from an intraday high of 9,403.

Eventually,

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Sensex crashes 2,000 points: Five factors weighing on the sentiment
Benchmark equity indices BSE Sensex and NSE Nifty tanked over 6 per cent in Monday’s early trade due to panic selling amid the coronavirus pandemic.

The 30-share Sensex traded 2,182 points, or 6.40 per cent, down at 31,921 at around 9.35 am, while the 50-share Nifty slipped 616 points, or 6.20 per cent, to 9,339.

Monday’s crash wiped out over Rs 6

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RBI rate cut may come sooner than expected
India’s central bank is likely to reduce its benchmark repo rate sooner than previously expected even as it follows up last week’s $2-billion swap auction with more timely and immediate measures to ensure adequate system liquidity through the current crisis.

“There are businesses like tour operators and hotels and restaurant chains which may see d

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CIL likely to convert preference shares of arm into equity
Kolkata: State-run miner Coal India Limited (CIL) plans to convert preference shares of its loss-making subsidiary Bharat Coking Coal Limited (BCCL) into equity shares to prevent it from heading to the bankruptcy tribunal because of default.

CIL had given loans of ₹2,540 crore to its subsidiary for working capital and investment requirement to k

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Coronavirus hits Market! Sensex plunges 1,800 points, Nifty below 9,500
A continued rise in new coronavirus cases in India put the bears in command on Dalal Street as benchmark indices tumbled in opening trade on Monday while safe haven counters gained.

As per the government of India, the total number of confirmed Covid-19 cases in the country were at 110 with two deaths till now. Indian Council of Medical Research

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Talking Stock: Hold Escorts, Vedanta; sell Jamna Auto
By G Chokkalingam, Founder - CIO Equinomics Research - AdvisoryI have 1,000 shares of Yes Bank at Rs 200. Should I hold this for long term?-SAGAR AGARWALUnfortunately, you are forced to hold 75% of your shares for a period of three years. However, I suggest you hold entire holdings for the long-term as the move by the government to
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Tech View: Nifty forms large bearish candle; analysts say next stop 8,555
NEW DELHI: Nifty on Tuesday slipped below the 9,000 mark for the first time since March 2017 and formed a long bearish candle on the daily chart. This was the second session when the index formed a lower high.

The index is in the deep oversold territory as suggested by the 14-day RSI indicator, but given the prevailing sentiment, analysts say it

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Nifty Metal index looking most lucrative: Expert
Mehul Kothari, Senior Technical Analyst, Indianivesh SecuritiesWhere are we: The Nifty spot collapsed more than 20% during the week to retest 8,500-mark. Eventually, it closed near 10,000-mark with a weekly change of -9.5% following the sharp recovery on Friday. On the other hand, the Bank Nifty has lost around 23% to retest 21,000 and closed
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Index funds seek relief on Yes Bank lock-in
Passively-managed equity schemes — Index funds and Exchange Traded Funds (ETFs) — mirroring the Nifty, could end up underperforming the benchmark due to restrictions on sale of Yes Bank shares, which exits the index by end of this month. The final reconstruction scheme for Yes Bank mandates a lock-in for existing shareholders up to 75% of their
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PE/VC investments in Feb slip to 24-month low of $1.7 billion: EY
New Delhi: Private equity and venture capital investments recorded a 24-month low of $1.7 billion in February this year, primarily on account of significant decline in large deals, says an EY report.

According to the IVCA-EY monthly PE/VC roundup, uncertainty over the impact of COVID-19 is expected to act as a significant headwind to Indian PE/VC

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Nifty can hit 10,400 if RBI follows global peers: Expert
Hardik Ruparel, Technical Analyst, Centrum brokingWhere we are: After a breakdown from a range of 11,650-12,250, Nifty fell to 85,55, which looks, arrested after it hit lower circuit on Friday. All stock combined open interest has reached a lowest level in the last three years indicating huge unwinding in leveraged positions. Historically such
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Stocks in the news: SBI Card, YES Bank, Indiabulls Housing, IndusInd Bank, Airtel and Tata Motors
NEW DELHI: Nifty futures on the Singapore Exchange traded 298.75 points or 3.02 per cent lower at 9,606, indicating a gap-down start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

SBI Card: SBI Cards and Payments, one of the most-watched initial public offerings (IPOs) in recent years, will make a debut on the

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