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Top intraday trading ideas for afternoon trade on Thursday, March 05, 2020

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Analyst Calls: Essel Propack, Britannia, Phoenix Mills
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 14.50 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.

. Motilal

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F O: Vix near 25 mark, Nifty needs to move past 11,333 for a pullback
By Chandan Taparia Nifty started off on a positive note on Wednesday, but it moved into the negative territory in the ‘blink of an eye’. The bears were aggressive from early hours of trade and dragged the index below the 11,100 mark in first half of the session. However, there was a tremendous recovery in the latter half, as a result of which the i
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Share market update: Media shares mixed; Dish TV slips 7%
NEW DELHI: Media shares were trading on a mixed note in Thursday's afternoon session.

Shares of Inox Leisure (up​ 3.66 per cent)​, TV18 Broadcast (up​ 1.82 per cent)​, Network 18 Fincap (up​ 1.36 per cent)​, Hathway Cable - Datacom (up​ 1.09 per cent)​, Balaji Telefilms (up​ 0.91 per cent)​, TV Today Network (up​ 0.71 per cent)​, DB Corp (up​

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Allcargo Logistics gets Sebi nod for open offer for Gati

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Market Movers: Venky's, airline stocks, YES Bank hit hard; 44 stocks flash 'sell' signals
Poultry breeder Venky’s India became an unintended victim of coronavirus, as its shares fell about 6 per cent on rumours that chickens and eggs might be the carrier of the virus.

Airline shares fell up to 5 per cent, as travel is getting hit due to the fast spreading disease. YES Bank, meanwhile, tumbled 7 per cent amid reports that the lender has

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Coronavirus impact: 3M India rallies 20% as demand for masks, sanitizers spike
Shares of 3M India extended their rally to the third straight session on Thursday after reports that the sale of face masks, sanitizer, and gloves have soared in the country amid the coronavirus fears.

The scrip jumped nearly 21 per cent to an intraday high of Rs 24,348 on March 5 against Rs 20,137.30 on March 2.

3M India, a subsidiary of 3M

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Motilal Oswal PE fund to invest up to Rs 240 crore in Molbio Diagnostics
Mumbai: The India Business Excellence Fund-III, a fund managed and advised by Motilal Oswal Private Equity, has decided to invest up to Rs 240 crore in Molbio Diagnostics, a Goa-based research-driven diagnostic firm, according to a company statement.

Molbio along with its subsidiary Bigtec Labs, has developed and commercialised Truenat, which is

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Tech View: Nifty searches near-term bottom, may see further consolidation
NEW DELHI: Nifty on Wednesday saw a strong intraday recovery, but could not close in the black. In the process, the index formed a bearish candle on the daily chart with a long lower wick.

Analysts said the NSE barometer may consolidate around the prevailing level, before seeing any directional move.

For the day, the index closed at 11,254, down

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YES Bank surges 29% as reports suggest SBI may pick stake in private lender
Shares of YES Bank spiked over 29 per cent in Thursday's session after reports suggested that State Bank of India may pick a stake in the troubled lender. Meanwhile, shares of SBI fell 4 per cent following the development.

ET Now, quoting sources, said the government has asked the state-owned bank to form a consortium of banks to buy a stake in

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Sebi disposes of proceedings against Onelife Cap as it withdraws application to be Sahara MF sponsor
New Delhi: Markets regulator Sebi on Wednesday disposed of proceedings against Onelife Capital Advisors after it withdrew application to become Sahara Mutual Fund's sponsor.

Sebi issued a show cause notice to Onelife, asking why its application, filed in May 2018 to become Sahara Mutual Fund's sponsor, should not be rejected, and had alleged the

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Mumbai: The domestic equity indices resumed their slide, after a one-day hiatus, as new coronavirus cases rattled the investor sentiment back home.

There are a total of 28 positive cases of coronavirus in India, the Union Health Minister Harsh Vardhan informed on Wednesday during a press conference, sending jitters across the stock market.

Hopes

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Share market update: BSE Capital Goods index flat; Honeywell Automation jumps 6%
NEW DELHI: The S-P BSE Capital Goods index was flat in Thursday's afternoon session.

Shares of Honeywell Automation India (up 6.61 per cent), Elgi Equipments (up 2.43 per cent), Schaeffler India (up 1.87 per cent), Hindustan Aeronautics (up 1.64 per cent), ABB India Ltd (up 0.87 per cent), Havells India (up 0.71 per cent), SKF India (up 0.26

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Cabinet okays direct overseas listing of Indian firms
New Delhi: In a significant move, the Cabinet on Wednesday approved a proposal to allow direct listing of Indian companies overseas.

Amendment would be made in the Companies Act, 2013, for having enabling provisions that would permit foreign listing of Indian corporates.

Currently, quite a few Indian companies have American Depository Receipts

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Sebi assessing impact of coronavirus on markets: Mohanty
Mumbai: Sebi is "internally assessing" the potential impact of the coronavirus epidemic on the capital markets, its Whole-Time Member S K Mohanty said on Wednesday.

He, however, said the Financial Sector Development Council (FSDC), an apex body of regulators formed by the government, is yet to get involved in the discussions.

The comments come a

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Blackstone leans forward into India, its ‘strongest performer&
By Baiju Kalesh and Anto Antony

India’s economic slowdown coupled with a credit crisis is creating a surge in demand for capital from beleaguered companies that are providing Blackstone Group Inc. with buyout opportunities in Asia’s third-largest economy.

“We are not taking a cautious stance of watch and wait,” Amit Dixit, Blackstone’s senior manag

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Dow surges nearly 1200 points as US stocks continue volatile run
Wall Street stocks rocketed higher Wednesday, boosted by a strong performance by US presidential candidate Joe Biden in the Super Tuesday primaries and extending a run of volatility amid coronavirus worries.

US indices last week suffered their biggest weekly losses since 2008. The roller-coaster continued this week, with stocks surging on Monday

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By Nir Kaissar

Warren Buffett is waiting for one last fat pitch.

The Oracle of Omaha released his annual letter to shareholders of Berkshire Hathaway Inc. late last month and followed it with a marathon interview on CNBC two days later. As in previous years, investors were eager to hear from Buffett about his succession plans and his assessment of

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Share market update: Consumer Durables shares trade mixed; VIP Industries rises 2%
NEW DELHI: Consumer Durables shares were trading on a mixed note in Thursday's session.

Shares of PC Jeweller (up​ 4.44 per cent)​, CROMPTON (up​ 3.48 per cent)​, VIP Industries (up​ 1.7 per cent)​, Blue Star (up​ 0.29 per cent)​ and Rajesh Exports (up​ 0.07 per cent)​ were among the top gainers.

While Whirlpool of India (down​ 1.59 per cent)​, S

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In a highly volatile session on Wednesday, the domestic stock market slipped back into the red after taking a day’s breather. NSE Nifty made a tepid start and traded in a capped range in the morning trade. However, the bears made a comeback, as the headline index slipped below the 11,100 level. After recovering over 160 points from the day’s low i
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Tech Mahindra sells stake in Terra Payment Services

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Share market update: Telecom shares mixed; Vodafone Idea slumps 6%
NEW DELHI: Telecom shares were trading on a mixed note in Thursday's morning session.

Shares of Reliance Communications (up​ 3.95 per cent)​, GTPL Hathway (up​ 1.44 per cent)​, HFCL Ltd (up​ 1.17 per cent)​, Bharti Airtel (up​ 1.16 per cent)​, ITI (up​ 0.89 per cent)​, Optiemus Infracom (up​ 0.52 per cent)​ and Vindhya Telelinks (up​ 0.26 per cent

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How Fed rate cut changes equation for Indian money market, treasuries
By Ashok GautamIn a move that was not quite unexpected, the US Fed on March 3, 2020 cut its benchmark rate by an aggressive 50 bps, which now brings it to the 1-1.25% range. This followed the pledge taken by G-7 finance ministers earlier this week to take coordinated action. The Fed action acknowledges the need for central banks to provide the
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European shares inch higher as investors weigh stimulus measures

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Share market update: Power shares up; Tata Power rises 1%
NEW DELHI: The BSE Power index was up in Thursday's morning session.

Shares of Adani Transmissions (up​ 1.42 per cent)​, KEC International (up​ 1.42 per cent)​, Tata Power Company (up​ 1.23 per cent)​, Reliance Infrastructure (up​ 0.82 per cent)​, Kalpataru Power Transmission (up​ 0.61 per cent)​, Torrent Power (up​ 0.52 per cent)​, GMR Infrastruc

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RBI may use unconventional tools to combat coronavirus impact, sources say
NEW DELHI: India's central bank is considering using unconventional policy tools to spur lending, three government officials told Reuters, amid fears that the coronavirus outbreak will derail any revival of economic growth.

The Reserve Bank of India ( RBI) is planning to infuse fresh cash liquidity into the system through a second round of long-ter

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SC lifts ban on crypto trading: Experts say industry to get more VC funding
NEW DELHI: Supreme Court ruling on Wednesday quashing the curbs on financial institutions from dealing with cryptocurrency traders and companies energised the virtual currency industry in India.

Experts from the industry welcomed the apex court’s ruling. They expect companies that shut their operations due to RBI’s diktat will come back to the a

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Govt asks SBI to form consortium to buy stake in YES Bank: Report
The government has approved a plan for country’s largest lender, State Bank of India, to lead a consortium that will buy a stake in private lender Yes Bank, news agency Bloomberg reported on Thursday.

State Bank of India has been authorized to pick other members of the consortium and the announcement is expected soon, the report said.

Following

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Spot power market trade up 57% yoY in Feb
New Delhi: Spot power markets registered 57 per cent growth in trade at 4,516 million units in the month of February due to rise in electricity demand state distribution utilities opting for replacement of their costlier power with exchange-based procurement, Indian Energy Exchange said on Wednesday.

Early onset of summer and agricultural demand

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Stock market update: BSE Bankex plunges; YES Bank dives 7%
NEW DELHI: Stocks of the BSE Bankex index were in the red in Wednesday's afternoon trade.

Shares of YES Bank (down 7.04 per cent), IndusInd Bank (down 4.7 per cent), HDFC Bank (down 3.45 per cent), State Bank of India (down 2.54 per cent) and City Union Bank (down 2.51 per cent) were among the top losers.

ICICI Bank (down 2.29 per cent), Federal

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