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Govt ready with whole toolkit to deal with coronavirus disruptions: Sanjeev Sanyal
NEW DELHI: The government has a whole toolkit ready to deal with disruptions caused by the coronavirus, says Principal Economic Advisor Sanjeev Sanyal.

In an interaction with ET NOW, Sanyal said the coronavirus outbreak needs more than a mere monetary response. He also added that there was a scope for reducing interest rates in the next few months

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By Stephanie FlandersIndia’s central bank governor said he’s ready to act to shield the economy from the coronavirus and reiterated there’s room to cut interest rates if needed.

Speaking in an interview with Bloomberg News in Mumbai just hours before finance ministers and central bank chiefs from the G-7 economies were scheduled to discuss policy

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View: Fed may cut rates before next meeting
By Tim Duy

The Federal Reserve finally succumbed to rising pressure from financial markets that have been roiled by the widening coronavirus crisis with its pledge Friday to “act as appropriate to sustain the expansion.” I suspect central bankers hope the move will buy them enough time to forestall a rate cut until the March meeting. It’s not obvio

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Sensex falls 214 points; coronavirus 4 other factors behind market fall
Nine Indians and 16 tourists have so far been tested positive for coronavirus in India and investors, who until now had been anticipating ‘China’s loss is India’s gains’ are a worried lot.

At 1.45 pm, every four of five stocks were trading in the red. A total of 242 stocks on BSE hit their lower circuit limits. Over 350 hit their 52-week lows. The

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Trade setup: Nifty50 likely to extend pullback, but is not out of the woods yet
After seven sessions of relentless selling, Indian equity market staged a technical rebound on the back of short covering on Tuesday. NSE benchmark Nifty opened higher, but pared most of its gains in the afternoon session. After recovering over 150 points from the day’s low, the headline index finally settled with a gain of 170.55 points or 1.53 p
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Wall St gains as investors buy the dip; stimulus measures in focus
U.S. stock indexes rose on Monday, recovering from steep declines amid a spell of bargain hunting, while investors hoped that monetary stimulus from central banks would help tide over the potential economic impact of the coronavirus.

Index heavyweight Apple Inc jumped 6%, recovering from a more than two-month low after Oppenheimer - Co

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View: When it comes to investing, love the stories, not the storytellers
India has a rich heritage of storytelling. Some of my most interesting childhood memories have been reading Chacha Chaudhary comics, Panchatantra, the Mahabharat and Ramayan. However, reading a story is not the same as understanding it. Sometimes it can take a lifetime to unpack and fully understand a story.

What I found interesting was that not

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Indian Railway Finance Corporation gets Sebi nod for IPO

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NSE Nifty slumped for a seventh straight session on Monday, as market sentiment took a hit after two new coronavirus cases were confirmed in India. The domestic stock market made a positive start and the index moved past the 11,400 level in the early trade. However, the headline index reversed course in the second half and lost over 350 points in
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What does the SC verdict mean for cryptocurrency, fintech innovations?
By Manish KumarThe Supreme Court this morning struck down RBI’s curbs on cryptocurrency trade in India, calling them ‘illegal’. The order in effect lifted the ban on trading in virtual currency, cryptocurrency and bitcoins.

What does it really mean for cryptocurrency?

The verdict is important for many reasons. Apart from lifting RBI’s restrictions

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Market Movers: Voda gains 6%, metals, pharma names rally; 66 stocks ‘oversold&
Pharma names created a lot of buzz on Tuesday, as Pfizer gained on reports that its parent company has found a possible treatment for Covid-19 disease. Cadila Healthcare jumped over 4 per cent after it got DCGI nod for a new drug entity intended to treat Rheumatoid Arthritis.

Vodafone Idea gained over 6 per cent after reports that the company paid

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GDR manipulation: Sebi levies Rs 10.75 crore fine on Aksh Optifibre, its directors
Markets regulator Sebi has imposed a total fine of Rs 10.75 crore on Aksh Optifibre and its five directors in a matter related to manipulation in issuance of global depository receipts (GDR). The directors -- Kailash S Chaudhary, P F Sundesha, B R Rakhecha, Narendra Kumbhat and Arun Sood -- are facing fine in the range of Rs 10-20 lakh each.

The

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Sebi revises compensation, penalty norms under regaining of matched book rule
New Delhi: Markets regulator Sebi on Tuesday revised norms of compensation and penalty applicable on termination of contracts under the regaining matched book regulations for commodity derivatives segment.

The regulator in September 2016 had come out with risk-mitigating tools, christened as regaining matched book rule, for the commodity market.

A

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F O: Charts signalling trend reversal, above 11,433 Nifty may see pullback
By Chandan Taparia

Nifty opened on a positive note on Tuesday, but fell in the first half of the session. However, the index filled its gap on the intraday chart and moved higher in the latter half of the session.

The index negated the bearish momentum of last seven consecutive sessions and concluded the session a tad above the 11,300 mark, thus

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BSE Star MF records transactions worth Rs 15,542 crore in Feb
Leading stock exchange BSE said its mutual fund distribution platform has done 57.33 lakh transactions worth Rs 15,542 crore in February 2020.

In the preceding month, the platform had done 54.43 lakh transactions, BSE said in a release.

Besides, the platform registered 3.13 lakh new systematic investment plans (SIPs) amounting to Rs 90.10 crore in

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G7 'ready to take action' to stem coronavirus risks
PARIS: Top officials from the Group of Seven nations vowed Tuesday to use "all appropriate policy tools" to prevent the coronavirus crisis from damaging the global economy, but held back on unveiling specific relief measures for now.

The G7 finance ministers and central bank chiefs held an emergency conference call as concerns grew that the

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Tech view: A Bullish Harami on Nifty charts signals pause in market selloff
NEW DELHI: Nifty on Tuesday staged a strong rebound, snapping a seven-day losing spree. The index, which was in the oversold territory on Monday, formed a Bullish Harami pattern on the daily charts. Analysts said a bottom for the index could be in the making.

The formation of a Bullish Harami candle suggests a possible pause in the corrective

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Market Movers: TVS, Bajaj Auto crack; 450 stocks hit 52-week lows; 30 give ‘buy& signals
Shares of Godrej Consumer advanced 5 per cent on Monday after global brokerage Credit Suisse upgraded its call. Gujarat Gas also gained as Macquarie raised its target price.

February auto sales numbers were mixed. Shares of Eicher Motors gained on an improvement in sales but TVS Motor and Bajaj Auto cracked, as they continued dismal show.

Benchmark

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Indiabulls Real Estate says Embassyfundraising plan before merger at advanced stage
MUMBAI: Realty developer Embassy Property Developments has reached advanced stage of discussions with foreign financial investors including Blackstone and others for an investment of up to $200 million into the proposed merged entity of Indiabulls Real Estate and the Bengaluru-based company.

The valuation process being undertaken by independent

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PNB Housing board approves Rs 1,700 crore equity raising
Kolkata: PNB Housing Finance said its board has approved fund raising up to Rs 1700 crore through share sales including a preferential allotment of shares to its existing shareholder Carlyle Group.

The fund raising will be done through book building, a process by the price of the share is determined through market forces.

The exercise is likely to

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Tech View: Nifty in oversold zone; all eyes now on the 11,000 level
NEW DELHI: News of coronavirus reaching national capital Delhi reversed huge gains that Nifty had piled up earlier on Monday, and the index eventually settled the day below the 11,150 mark, extending the losing streak into the seventh day.

While the index has been in the oversold zone, as suggested by the 14-day RSI value of 23 – a value below 30 i

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By Craig TorresThe U.S. Federal Reserve delivered an emergency half-percentage point interest rate cut Tuesday in a bid to protect the longest-ever economic expansion from the spreading coronavirus.

“The coronavirus poses evolving risks to economic activity,” the Fed said in a statement. “In light of these risks and in support of achieving its maxi

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Sensex snaps 7-day losing run, jumps 480 pts after RBI steps in to calm markets
Mumbai: Staging a smart rebound on Tuesday, the domestic stock market snapped a seven-session losing streak after the Reserve Bank of India said it was ready to act to calm the financial markets. BSE Benchmark Sensex zoomed 480 points also amid revival in global stocks on hopes that policymakers around the world would move to ease the economic
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F O: Volatile swings will continue; Nifty to stay in 10,600-11,600 zone
By Chandan Taparia

Nifty on Monday opened above Friday’s high and moved into the positive territory in first half of the session. But the benchmark indices fell on the chin after the news of two new cases of coronavirus in India.

Nifty nosedived by around 380 points towards the fag end and fell towards 11,050 level. Eventually, the index carried

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RBIDas sees NBFC crisis abating as liquidity improves
By Anirban Nag and Stephanie FlandersIndia’s shadow banking sector has improved, with only about four financiers still being a “cause of concern,” central bank Governor Shaktikanta Das said.

The Reserve Bank of India, which had been worried about 10 non-bank financiers is now closely monitoring just three to four of the 50 firms it has been

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Ready to take appropriate action for orderly functioning of markets: RBI
Mumbai: The Reserve Bank of India (RBI) said on Tuesday, it is monitoring global and domestic developments closely and is ready to take appropriate action for orderly functioning of financial markets

The central bank pointed out that global financial markets have been experiencing considerable volatility, with the spread of the coronavirus triggeri

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Sensex cracks 939 pts from day's high as virus reaches Delhi
Mumbai: The domestic stock market tanked over 900 points from the day’s high on Monday, as BSE benchmark Sensex fell for a seventh straight session to end 153 points lower after two new coronavirus cases were detected in India. This is the index's longest losing streak since May 2019.

In the seven days of fall, the market capitalisation of

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Wall Street unconvinced by Fed emergency rate cut
The main U.S. stock market indexes inched lower in volatile trading on Tuesday, as investors worried even a shock emergency half-point cut in interest rates might not be enough to shield the world's largest economy from the impact of the coronavirus epidemic.

The US Federal Reserve's decision to lower borrow costs before its next scheduled policy

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By Ksenia GalouchkoEquities may have shown signs of stabilizing Monday, but JPMorgan Chase - Co. strategists caution that coronavirus fears will weigh on investor sentiment and pressure stocks for longer, delaying a strong and quick rebound.

“Expect an imminent relief bounce,” said JPMorgan strategists led by Mislav Matejka. “The likely conti

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Piramal Enterprises receives $900 million on closing sale of DRG business

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