StockMarket

RIL share price hits 52-week low; Mukesh Ambani loses Rs 1.11 lakh crore in 70 days
Shares of Reliance Industries were battered in Thursday’s trade falling as much as 9 per cent. The share prices made a new 52-week low in the process.

At 12.32 pm, the stock was down 5.83 per cent to Rs 1,086. It touched a 52-week low of Rs 1,049.50 during the day.

The scrip has fallen 28 per cent in the current calendar year, making a dent of

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Australia shares plunge most since 2008 after US bans travel from Europe
Australian shares fell more than 7 per cent on Thursday, their biggest since the 2008 global financial crisis, as a surprise U.S. suspension of travel from Europe sparked worries that rising restrictions could further dent global economic growth.

The S-P/ASX 200 index lost 7.4 per cent to 5,304.60, its lowest close in more than three years,

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Ahead of Market: 12 things that will decide stock action on Thursday
NEW DELHI: Domestic equity market halted its two-day rout on Wednesday, but gave up almost all of its gains, as there was no respite from the rapid spread of the coronavirus.

Sensex inched up 62.45 points, or 0.18 per cent to close at 35,697.40, while Nifty ended 2.55 points down at 10,448.90. Earlier in the day, Sensex had risen as much as 1.08

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Bear market: How bad can it get? 43 Nifty stocks enter bear market
NEW DELHI: Dalal Street saw a flash sale on Thursday!

Even the bluest of blue chips – be it HDFC Bank, Bajaj Finance, TCS or Reliance Industries -- have entered the bear market territory. Data showed 43 of the 50 Nifty stocks are officially in the bear market by 11 am (IST) on Thursday, as they all recorded over 20 per cent drop from their 52-week

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Share market update: PSU shares slip; HPCL slumps 13%
NEW DELHI: Shares of PSU were trading in the red in Thursday's afternoon session.

Shares of HPCL (down​ 13.5 per cent)​, Bharat Petroleum Corporation (down​ 12.78 per cent)​, Steel Authority of India (down​ 12.7 per cent)​, Power Finance Corporation (down​ 11.58 per cent)​, REC (down​ 11.25 per cent)​, National Aluminium Company (down​ 11.07 per c

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NBFCs' challenges could intensify following Yes Bank restructuring: Fitch
New Delhi: India's non-bank financial institutions (NBFI) will likely face renewed pressure on funding and liquidity following the RBI's takeover of Yes Bank this month, Fitch Ratings said on Wednesday.

"The consequences will compound the credit squeeze across the country's financial system, adding to current economic uncertainty," it said.

The

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Share market update: BSE Midcap index down; Glenmark Pharma plunges 21%
NEW DELHI: The BSE Midcap index was trading in the red in Thursday's session.

Shares of Glenmark Pharmaceuticals (down 21.19 per cent), Future Retail (down 20 per cent), Adani Power (down 19.44 per cent), IDBI Bank (down 14.79 per cent), PNB Housing Finance (down 14.63 per cent), Emami (down 13.99 per cent), L-T Finance Holdings (down 13.66

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Analyst Calls: UPL, PNB, Bharti Airtel, Bajaj Auto
Good morning!

The domestic stock market on Thursday showed early signs of a possible breakout from its consolidation range. And Nifty futures on Singapore traded 477.50 points lower this morning, signalling a weak start for Dalal Street.

As you head for the day’s trade, here is a compilation of overnight analyst calls on various stocks.

• Phillip C

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Wall Street slides as pandemic tag, gag order report rattle investors
U.S. stock indexes extended their declines on Wednesday after the World Health Organization classified the coronavirus outbreak as a pandemic.

A Reuters report that the White House has ordered federal health officials to treat top-level coronavirus meetings as classified in an unusual step compounded the skittish sentiment on trading floors.

"If

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Stock market update: Sugar shares tumble; Triveni Engineering sinks 20%
NEW DELHI: Most sugar shares were in the red in Thursday's trade.

Shares of Triveni Engineering - Industries (down 19.90 per cent), Uttam Sugar Mills (down 15.27 per cent), Balrampur Chini Mills (down 13.84 per cent), Dalmia Bharat Sugar - Industries (down 13.55 per cent) and Dhampur Sugar Mills (down 13.07 per cent) were among the top

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Dow plunged 1,465 points, enters 'bear market' on Coronavirus fears
Wall Street stocks suffered another brutal rout Wednesday, pushing the Dow into a "bear market" after the latest series of event cancelations and company warnings rattled investors.

The Dow Jones Industrial Average plunged around 1,465 points, or 5.9 percent, to 23,553.22.

The broad-based S-P 500 slumped 4.9 percent to 2,741.38, while the

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ADAG says no exposure to Rana Kapoor, family
MUMBAI: Anil Dhirubhai Ambani Group (ADAG) on Wednesday said it has no direct or indirect exposure to Rana Kapoor, his wife or daughters or any entities controlled by them.

Kapoor is the former managing director and CEO of crisis-hit private lender YES Bank.

“Reliance Group states it has NIL direct or indirect exposure to Rana Kapoor, Former CEO o

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Japanese stocks dive deeper into bear market as Trump stuns with travel ban
SYDNEY: Japanese shares tumbled on Thursday, with major indexes at three-year lows after the United States rattled markets by imposing sweeping restrictions on travel from Europe and world health officials declared the coronavirus a pandemic.

The benchmark Nikkei average slumped 4.4 per cent to 18,559.63, its lowest closing level since April 2017.

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Franklin MF NAVs dip on markdown of ADA group and Essel Infra debt securities
MUMBAI: The net asset values (NAV) of five fixed income schemes of Franklin Templeton Mutual Fund fell up to 3.4% on March 9 after the fund house further marked down the debt securities of Anil Dhirubhai Ambani (ADA) and Essel Infraprojects in its portfolio.

The schemes affected are Franklin India Short Term Income Plan (Number of Segregated

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Tata Motors stock in double digits after 11 years
NEW DELHI: Share price of Tata Motors fell below Rs 100 on Wednesday for the first time in the last 11 years amid slowing demand for personal and commercial vehicles and likely disruption in production due to coronavirus.

The scrip fell 6.43 per cent to close at Rs 99 on BSE. It hit 52-week low intra-day and closed on a weak note for the fifth

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Share market update: Mining stocks slip; NMDC falls over 8%

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Sebi refuses to lift market ban on Gautam Thapar, others; gives certain relaxations
New Delhi: Regulator Sebi on Wednesday refused to lift the capital market ban imposed on fraud-hit CG Power and Industrial Solutions' ex-chairman Gautam Thapar and three other former officials in a case related to diversion of funds.

Besides Thapar, the other officials banned are CG Power's former Chief Financial Officer V R Venkatesh and former

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Market Movers: RIL, YES Bank, RBL jump; 18 shares send out ‘buy& signals
RIL shares rebounded smartly on Wednesday, jumping nearly 4 per cent on value buying. The scrip had plunged 12 per cent in the previous session as oil prices crashed in the international market.

RBL Bank and YES Bank jumped 9 per cent and 36 per cent, respectively, after positive commentaries from their respective managements. SBI continued its

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Stock market update: Cement shares plummet; Dalmia Bharat dives 14%
NEW DELHI: Most cement shares were trading with losses in Thursday's session.

Shares of Dalmia Bharat (down 13.99 per cent), JK Lakshmi Cement (down 13.52 per cent), APCL (down 13.20 per cent), Sagar Cements (down 13.00 per cent) and Orient Cement (down 12.87 per cent) and NCL Industries (down 12.67 per cent) were among the top losers.

KCP (down

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Sebi asks market entities to stay cautious about funds linked to Islamic State
New Delhi: Markets regulator Sebi on Wednesday asked stock brokers, depositories and market entities to stay cautious about any funds or entities linked to the infamous Islamic State and Jamaah Ansharut Daulah.

The regulator has informed market entities about the updated Al-Qaida sanctions list of the United Nations Security Council, which has

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S P500 bull market will soon end: Goldman Sachs
LONDON: Goldman Sachs said on Wednesday the S-P 500 bull market, the longest on record, is likely to end soon, forecasting a 28% slump from its February peak as the fast-spreading coronavirus is seen taking a toll on corporate profits.

The bank expects the S-P 500 to hit 2,450 points, down 15% from current levels, by mid-year, followed by

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Stock market update: Private banks plunge; IDFC Bank tanks 15%
NEW DELHI: Shares of private banks were in the red in Thursday's afternoon trade.

Shares of IDFC Bank (down 14.71 per cent), YES Bank (down 11.11 per cent), Axis Bank (down 10.11 per cent), RBL Bank (down 8.94 per cent) and Federal Bank (down 7.99 per cent) were among the top losers in the index.

Kotak Mahindra Bank (down 6.91 per cent), ICICI

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Mahindra Mahindra to buy 13% more stake in associate
New Delhi: Mahindra - Mahindra on Wednesday said it has signed a share purchase agreement to buy additional 34,249 equity shares of MITRA Agro Equipments Pvt Ltd, an associate of the company, from its existing shareholders.

The company currently holds 26 per cent of the equity share capital of Mitra, and after the completion of the above

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Sensex tanks 6,600 points in 36 sessions; How to come out winners from this market
The panic over the economic fallout of the coronavirus outbreak caused a deep crack in financial markets globally, and Dalal Street too has suffered major damage.

BSE benchmark Sensex tanked 6,639 points in 36 sessions to close at 35,634 on Monday, coming down from its all-time high of 42,273 hit on January 20.

This has in a way sent the

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Share market update: Fertilizer stocks down; Rama Phosphates tanks 20%
NEW DELHI: Fertilizer stocks were trading with losses in Thursday's afternoon session.

Shares of Rama Phosphates (down 19.92 per cent), Aries Agro (down 14.59 per cent), ZUARI AGRO (down 13.68 per cent), Khaitan Chemicals - Fertilizers (down 12.89 per cent), Deepak Fertilizers - Petrochemicals (down 11.56 per cent), Fertilizers -

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Despite a robust overnight closing on Wall Street, the Asian markets, and Dalal Street in particular, failed to capitalise on bullish global cues on Wednesday. NSE Nifty made a negative start to the day, but did not take any directional bias throughout the session. The headline index gyrated 100 points on either side, as it failed to sustain at
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Top intraday trading ideas for afternoon trade on Wednesday, March 11, 2020

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Share market update: Nifty commodities index dips; SAIL slips 12%
NEW DELHI: Nifty commodities index was trading lower in Thursday's session.

Shares of Dalmia Bharat Ltd. (down 15.07 per cent ), Hindustan Petroleum Corporation Ltd. (down 13.41 per cent ), Bharat Petroleum Corporation Ltd. (down 12.62 per cent ), Steel Authority of India (SAIL) Ltd. (down 12.35 per cent ), Vedanta Ltd. (down 11.30 per cent ),

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Big bullish bet! UBS raises Reliance target price, sees 60% upside
MUMBAI: Global brokerage UBS Securities on Wednesday maintained its ‘buy’ rating on Reliance Industries and raised the target price on the stock to Rs 1,840, implying 60 per cent upside from the current levels in the next one year.

The brokerage said the steep decline in the stock price this year implies no value is being assigned to the energy

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JPMorgan, Citigroup feast on equity derivatives in coronavirus panic

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