StockMarket

Former Fed chair Yellen quashes recession claims, says yield curve may signal need to cut rates
HONG KONG: Former U.S. Federal Reserve chair Janet Yellen said on Monday the U.S. Treasury yield curve may signal the need to cut interest rates at some point, but it does not signal a recession.

Yellen, who led the Fed between 2014 and 2018, was speaking at the Credit Suisse Asian Investment Conference in Hong Kong.

The yield curve inverted on

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Buzzing stocks: Jet Airways, RCom, DB Corp, Opto Circuits, P G
NEW DELHI: Ybrant Digital with over 0.13 crore shares changing hands was leading among the most traded stocks on NSE on Tuesday.

Shares of Jet Airways (number of shares traded: 0.09 crore) , Opto Circuits (number of shares traded: 0.08 crore) , Sundaram Multi (number of shares traded: 0.07 crore) , High Ground Enterprise (number of shares traded:

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Sensex sinks 356 points on global growth woes
NEW DELHI: Fears of a potential recession in the US sank Indian equities on Monday as heightened global growth worries made investors stay away from riskier assets.

This was the second straight day of decline for the Sensex.

Concerns over the world economy spread after cautious remarks by the US Federal Reserve pushed 10-year treasury yields to

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Share market update: IT shares down; Tech Mahindra dips nearly 2%
NEW DELHI: IT shares were trading lower in Tuesday's morning session.

Shares of Tech Mahindra (down 1.81 per cent) , Infosys (down 1.76 per cent) , Tata Consultancy Services (down 0.87 per cent) and Wipro (down 0.80 per cent) were the top losers in the index.

Tata Elxsi (down 0.78 per cent) , NIIT Technologies (down 0.61 per cent) and MindTree

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Buy Aurobindo Pharma, target Rs 805: Kunal Bothra
Independent Analyst Kunal Bothra has a buy call on Aurobindo Pharma Ltd. with a target price of Rs 805. The current market price of Aurobindo Pharma Ltd. is Rs 775.4 Time period given by the analyst is Intra Day when Aurobindo Pharma Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 765 Aurobindo Pharma
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China stocks follow global markets lower
SHANGHAI: Chinese stocks fell on Monday tracking a global sell-off as sentiment for equities soured on growing fears about a US recession, and on caution ahead of fresh US-China trade talks.

The blue-chip CSI300 index fell 2.4 per cent to 3,742.83 points while the Shanghai Composite Index closed down 2 per cent to 3,043.03 points.

On Friday, all

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Jet Airways shares extend winning streak, surge 9%
NEW DELHI: Jet Airways shares surged 9 per cent on NSE in opening deals on Tuesday, a day after founder-chairman Naresh Goyal stepped down from its board.

With this, the stock is on course to extend its winning streak to the third consecutive session.

Goyal exited after a months of tug-of-war with the lenders to the airline as well as investor Eti

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Buy Mahanagar Gas, target Rs 1020: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Mahanagar Gas Ltd. with a target price of Rs 1020. The current market price of Mahanagar Gas Ltd. is Rs 971.75 Time period given by the analyst is Intra Day when Mahanagar Gas Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 960 Mahanagar Gas Ltd.,
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Nikkei falls steepest in 3 months as growth slowdown bites
TOKYO: Japan's Nikkei posted the biggest daily drop in three months on Monday as investors moved into bonds and other assets perceived as safe amid renewed fears of a global economic slowdown.

The Nikkei share average stumbled 3 per cent to 20,977.11, the lowest since mid-February and the steepest daily fall since late December.

The broader Topix

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Share market update: PSU Bank shares gain; Canara Bank rises 2%
NEW DELHI: Shares of PSU banks were trading in the positive zone in Tuesday's morning session.

Shares of Union Bank of India (up 2.17 per cent) , Vijaya Bank (up 2.11 per cent) , Canara Bank (up 1.83 per cent) and Bank of India (up 1.68 per cent) were the top performers in the index.

Indian Bank (up 1.66 per cent) , Syndicate Bank (up 1.55 per

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Buy Indian Oil Corporation, target Rs 170: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Indian Oil Corporation Ltd. with a target price of Rs 170. The current market price of Indian Oil Corporation Ltd. is Rs 164.1 Time period given by the analyst is Intra Day when Indian Oil Corporation Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 161.
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Liquidity comfortable, rupee-dollar swap to offer Rs 35k cr boost: Garg
NEW DELHI: The finance ministry and the Reserve Bank of India (RBI) on Monday said liquidity situation of the economy is comfortable and it will be boosted further by Rs 35,000 crore through the rupee-dollar swap window.

Liquidity situation is comfortable now, Department of Economic Affairs Secretary Subhash Chandra Garg told reporters here.

Aske

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Sensex gains 100 points, Nifty50 eyes 11,400 on value buying
NEW DELHI: Led by gains in banking stocks and index heavyweight RIL, domestic markets kicked off Tuesday's trading session on a positive note. Fresh fears over US recession that plagued Asian peers didn't dampen the sentiment back home but still remains an overhang.

The Asian shares were shaky on Tuesday after US Treasury yields plummeted to their

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DLF's Rs 3,000 crore QIP may lighten its debt load
NEW DELHI: Real estate major DLF Limited is likely to launch its sale of shares of about Rs 3,000 crore to qualified institutional investors this week.

The proposed issue is expected to be priced a touch below Rs 180 per share, two people familiar with the development told ET.

The company plans to issue up to 17.3 crore shares through qualified

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Naresh Goyal quits: First act of gripping drama ends, Jet's fate now up in the air
The end, eventually, came quicker than many thought. After delaying the inevitable for as long as he could, Jet Airways' founder and main promoter Naresh Goyal reportedly resigned from the board of the beleaguered airline he founded nearly two decades and a half ago. Goyal's wife Anita also stepped down along with him.

A formal announcement should

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Share market update: Auto shares in the green; Motherson Sumi up 1%
NEW DELHI: Auto shares were trading in the green in Tuesday's morning session.

Shares of Motherson Sumi Systems (up 2.18 per cent), Exide Industries (up 1.55 per cent), Tata Motors (up 0.88 per cent) and Bharat Forge (up 0.82 per cent) were the top gainers in the index.

Maruti Suzuki India (up 0.75 per cent), Tata Motors (DVR) (up 0.53 per cent),

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After Market: Jet flies high, TaMo struggles; 67 stocks look oversold
NEW DELHI: Hit by a historically reliable recession indicator – an inverted yield curve – in the US, Indian equity market suffered a deep cut on Monday as investors sold across sectors, barring oil - gas, amid concerns over a global economic slowdown.

The domestic market danced on the tunes of its global peers that lurched lower after

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Does yield curve predict recession with precision Answer is a ‘Big No&
The sudden inversion of the US yield curve (10Y-3Mo) on Friday to -3 bp, following the sustained decline in euro area manufacturing sector PMI to 47.3 in March 2019 has deepened fears of a recession in the US.

This contrasts with Fed Chair Jerome Powell’s assessment of “US economy in a good position” a few days back. The bond market’s fears also c

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Career Point, Manaksia Steels among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 92.55 points up at 37,901.46 on Tuesday on account of buying in frontline bluechip counters.

Shares of Baba Arts (down 18.07 per cent), Solitaire Machine Tools (down 10.97 per cent) , SVP Housing (down 9.95 per cent) , Swadeshi Industries (down 9.77 per cent), Career Point (down 8.81

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Tech View: Analysts advise ‘sell on rise& as Nifty50 forms Hammer-like pattern
NEW DELHI: Nifty50 on Monday saw selling pressure from the word go . The day’s open proved the day’s high, as the index ended up forming a Hammer-like pattern on the daily chart. It was not exactly a Hammer, as the length of the lower wick was not twice the size of the real body.

Nonetheless, analysts say short-term indicators are in now in the

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Share market update: Nifty Financial Services index down 1%; Edelweiss among top losers
NEW DELHI: The Nifty Financial Services index was down with its components trading in the red in Monday's afternoon session.

Shares of Edelweiss Financial Services (down 5.16 per cent) , Bajaj Holdings - Investment (down 2.61 per cent) , Indiabulls Housing Finance (down 2.30 per cent) and Kotak Mahindra Bank (down 2.26 per cent) were the top

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Jet Airways, Dilip Buildcon among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 57.55 points up at 37,866.46 on account of buying in frontline bluechip counters.

Shares of K P Energy (up 19.86 per cent), Hind Aluminium (up 18.29 per cent), Velan Hotels (up 13.78 per cent), Padmanabh Industries (up 12.68 per cent), Khaitan (India) (up 11.30 per cent), Jeevan

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Sebi bars 12 websites for giving fraudulent market tips
Markets regulator Securities and Exchange board of India (Sebi) has barred a dozen of websites after receiving complaints from investors that certain investment advisory portals cheated them.

The order contains a list of websites including trade4target.com, niftysureshot.com, mcxbhavishya.com, callput.in, newsbasedtips.com, futuresandoption.com,

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ELSS a great tax saver, pays even when going gets tough: Dhirendra Kumar
Stocks, which are inherently risky and may turn volatile at times, are not for the faint-hearted.

Dhirendra Kumar, CEO, Value Research, vouches for it. He says it with a sense of conviction that one has to hold the nerve in order to reap dividends from equities.

Equity-linked savings scheme (ELSS), for instance, is one such product he himself

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Buy Indian Oil Corporation, target Rs 168: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Indian Oil Corporation Ltd. with a target price of Rs 168.0 . The current market price of Indian Oil Corporation Ltd. is Rs 168.45 Time period given by the analyst is Intra Day when Indian Oil Corporation Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs
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F O: Spike in VIX, OI positions in options show Nifty headed lower
By Chandan Taparia The Nifty50 index opened in the negative and remained under pressure for most part of the session as it drifted towards the 11,300 mark. It formed a Bearish Candle on the daily scale, while a mild recovery was seen in the last hour of trade. However as long as it holds below 11,550 level, weakness could set in till 11,250 and
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Share market update: Media shares trade lower; Dish TV slumps nearly 6%
NEW DELHI: Media shares were trading in the red in Monday's afternoon session.

Shares of Dish TV India (down 5.83 per cent) , Den Networks (down 5.34 per cent) , Zee Media Corporation (down 4.88 per cent) and Zee Entertainment Enterprises (down 4.05 per cent) were trading with losses.

Sun TV Network (down 2.94 per cent) , PVR (down 1.92 per cent)

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Buy REC, target Rs 160: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on REC Ltd. with a target price of Rs 160. The current market price of REC Ltd. is Rs 154.2. Time period given by the analyst is Intra Day when REC Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 149. REC Ltd., incorporated in 1969, is a largecap company
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Telecom sector revenue to rise 6% in FY20 on tariff hikes: Icra
Kolkata: The beleaguered telecom industry is likely to recover its stride by way of a modest pricing increase in FY20, which in turn is slated to trigger some growth in sectoral revenue after three successive years of decline, rating agency, ICRA said.

“We expect minor improvements with (industry) revenues estimated to grow by 6% on-year and o

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Asian Paints, Can Fin Homes among 10 stocks that analysts say can deliver decent returns in 2-3 weeks
NEW DELHI: Fear of US recession came back to haunt financial markets on Monday after a historical trend of inverted yield curve resurfaced last Friday.

This coupled with repeated weak macroeconomic data has strengthened the fear that all is not well with the global economy and India, being among the most prominent emerging markets, cannot shrug

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