StockMarket

Mid and smallcaps cede their entire 2020 gainsMid and smallcaps cede their entire 2020 gainsMid and smallcaps cede their entire 2020 gains
Mid and smallcaps cede their entire 2020 gains
The renewed bull run in mid- and small-cap shares has come to an abrupt halt. The selloff in the stock market in the last one week triggered by a global spread of coronavirus has resulted in these shares giving up all their gains of 2020.

The broader markets fell in line with the slump in the main benchmarks on Friday. The BSE Mid-Cap index ended

Details
Category: Stock Market

Write comment (92 Comments)

Sebi slaps Rs 17 lakh fine on Motilal Oswal for misuse of clients' funds
NEW DELHI: Sebi on Friday slapped a fine of Rs 17 lakh on Motilal Oswal Financial Services Ltd for "misuse of client funds" as it failed to comply with regulations on segregating funds and securities of clients.

Sebi had conducted an inspection between April 2012 to March 2014, wherein it found instances where the broker had indulged in

Details
Category: Stock Market

Write comment (99 Comments)

FCI borrowings surge sharply sans subsidy
Subsidies released to the Food Corporation of India have been steadily declining and data show that the corporation has not received any subsidy for the past three years.

As a result, it has been forced to borrow from the National Small Savings Fund (NSSF). Loans from NSSF to FCI have more than doubled from ₹70,000 crore in FY17 to ₹1,91,000 crore

Details
Category: Stock Market

Write comment (99 Comments)

Mumbai: Stocks plummeted on Friday, posting their biggest single-day fall in four and a half years over growing fears that the spreading Covid-19 outbreak would push the global economy into a recession. Key Indian indices posted their biggest weekly losses since the previous global financial crisis as stock markets from Tokyo to Toronto were
Details
Category: Stock Market

Write comment (99 Comments)

Dow tanks 1,000 points as pandemic fears heighten
Wall Street plunged in a volatile trading session heading into the weekend, extending a steep selloff from last week as the fast-spreading coronavirus raised fears of a global recession.

The three main stock indexes pared losses and the Nasdaq briefly turned positive on gains in technology stocks including Microsoft Corp and chipmakers Nvidia and

Details
Category: Stock Market

Write comment (100 Comments)

Bounded rationality is key to outcomes, be it central bank policies or investments
By Somnath Mukherjee

In the legendary Sherlock Holmes story The Adventure of Silver Blaze, ace race horse Silver Blaze goes missing and its trainer killed. Strangely enough, the guard dog didn’t bark – Holmes deduced from the dog that didn’t bark that the culprit was an insider. Finally, that is exactly what was found, an inside-job. In this case, g

Details
Category: Stock Market

Write comment (100 Comments)

Dow, S P suffer biggest weekly plunge since 2008 crisis
The S-P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession, although stocks regained some ground right at the end of a volatile session.

The Dow and the Nasdaq also

Details
Category: Stock Market

Write comment (99 Comments)

Suzlon lenders finalise restructuring plan, ask promoters to infuse equity
Mumbai: Lenders to the debt-laden Suzlon Energy have agreed to a restructuring plan that allows the company to convert ₹8,200-crore of loans to long-term optionally converted debentures and preference shares. Lenders have also asked the promoters of the company, led by Tulsi Tanti, to infuse ₹375 crore into the company as equity immediately to a
Details
Category: Stock Market

Write comment (92 Comments)

Stock market update: Energy shares down; Adani Transmissions plunges 7%
NEW DELHI: Shares of energy companies were in the red in Friday's morning session.

Shares of Adani Transmissions (down 7.32 per cent), Tata Power Company (down 3.65 per cent), Reliance Industries (down 3.37 per cent), HPCL (down 3.33 per cent) and Bharat Petroleum Corporation (down 3.24 per cent) were among the top losers.

Oil - Natural Gas

Details
Category: Stock Market

Write comment (94 Comments)

MUMBAI: Indian equities have shed their entire gains of 2020, caught in the global flight of capital from risk assets in the aftermath of the Covid-19 outbreak. But financial planners are advising savers to not only stay put, but also invest more using the systematic investment plans (SIPs).

“SIP investors should allocate 70% to large-caps, 20% to

Details
Category: Stock Market

Write comment (95 Comments)

Q3 GDP growth at 4.7%: Worst is yet to come, say experts
MUMBAI: India's GDP growth slipped to a nearly 7-year low of 4.7 per cent in October-December 2019, weighed by a contraction in manufacturing sector output, PTI reported.

While the slump may have reached its bottom, the downside risks to the global growth as a result of the coronavirus outbreak is still unfolding.

India’s GDP growth for full FY19 h

Details
Category: Stock Market

Write comment (90 Comments)

Suzlon board okays debt rejig plan to convert loans to equity
Mumbai: Beleaguered-Suzlon Energy's board has approved a debt restructuring plan that will entail issues of shares, other instruments and divestment of assets, the company informed the bourses late Thursday.

The wind turbine maker also passed an enabling resolution for conversion of loan and debentures into equity. It did not disclose the quantum

Details
Category: Stock Market

Write comment (97 Comments)

SEBI chairman Ajay Tyagi gets six-month extension, say sources
NEW DELHI: The government is believed to have given a six-month extension to incumbent Sebi Chairman Ajay Tyagi, amidst a continuing process of selecting a new chief for the capital market regulatory body. A 1984 batch IAS officer of Himachal Pradesh cadre, Tyagi assumed charge as Sebi chief on March 1, 2017.

According to sources, the government

Details
Category: Stock Market

Write comment (94 Comments)

Market Movers: Vedanta tanks 13%, TaMo 11%; 2,000 BSE stocks bleed
There was mayhem on Dalal Street on Friday as over 2,000 stocks bled, leaving very few winners. Auto stocks got battered as coronavirus hit their supply chains. Tata Motors fell nearly 11 per cent.

Metal stocks were among the biggest losers. Vedanta took a big knock, tanking over 13 per cent. Jindal Steel and Welspun Corp fell about 9 per cent

Details
Category: Stock Market

Write comment (93 Comments)

Stock market update: Auto shares slump; Tata Motors dives 8%
NEW DELHI: Shares of auto companies were trading in the red in Friday's morning session.

Shares of Tata Motors (down 7.95 per cent), Tata Motors(DVR) (down 7.69 per cent), Bharat Forge (down 6.22 per cent), Ashok Leyland (down 5.86 per cent) and Amara Raja Batteries (down 5.16 per cent) were among the top losers in the index.

Motherson Sumi

Details
Category: Stock Market

Write comment (99 Comments)

Affle acquires Spain's Mediasmart for 5.1 million euros
MUMBAI: Affle India, the BSE-listed consumer intelligence company, has acquired Spanish mobile advertising technology company Mediasmart for 5.1 million Euros in an all cash deal.

Mediasmart provides a self-serve mobile programmatic platform with unique incremental impact measurability for proximity and app marketing campaigns.

Affle said that the

Details
Category: Stock Market

Write comment (95 Comments)

F O: Overall market trend under pressure; resistance levels drop
By Chandan TapariaNifty opened with a gap down for yet another session on Friday in line with weak global cues and corrected nearly 450 points to close near the 11,200 mark. It continued to make lower highs and lows for the fifth consecutive session and formed a Bearish Marubozu candle on the daily as well as weekly charts as selling pressure susta
Details
Category: Stock Market

Write comment (94 Comments)

Why market crashed: It's not just coronavirus, there's more to it
Nearly Rs 5 lakh crore worth of investors’ wealth was wiped out in the initial few ticks on Friday as indices stared at one of the worst falls in history tracking their global peers and spooked by a rapid spread of coronavirus across the world.

At 9.50 am, the BSE Sensex was trading 1,145.29 points or 2.88 per cent lower at 38,600. NSE barometer

Details
Category: Stock Market

Write comment (98 Comments)

FedJames Bullard says rate cut possible if virus becomes pandemic
By Steve MatthewsFederal Reserve Bank of St. Louis President James Bullard said he would back interest-rate reductions if the coronavirus develops into a worldwide pandemic, but last year’s cuts are already supporting the economy.

“Further policy rate cuts are a possibility if a global pandemic actually develops with health effects approaching the

Details
Category: Stock Market

Write comment (91 Comments)

Tech View: Nifty negates Hammer pattern; Vix climbs to extreme high
NEW DELHI: Nifty on Friday cracked over 400 points to test the 11,200 level. The index formed a Bearish Candle on the daily chart and completely negated previous session’s Hammer pattern, shattering hopes of an early recovery.

On the weekly scale, the index formed a bearish candle. Analysts said the 11,000 level is not a possibility for Nifty.

For

Details
Category: Stock Market

Write comment (90 Comments)

Stock market update: IT shares plunge; Tata Elxsi tumbles 5%
NEW DELHI: Shares of IT firms were in the red in Friday's morning trade.

Shares of Tata Elxsi (down 5.23 per cent), Mindtree (down 5.19 per cent), Tech Mahindra (down 4.99 per cent), NIIT Technologies (down 4.39 per cent) and Infosys (down 4.0 per cent) were among the top losers.

HCL Technologies (down 3.19 per cent), Tata Consultancy (down 3.19

Details
Category: Stock Market

Write comment (94 Comments)

Coronavirus crash wipes $5 trillion off world stocks
LONDON: Coronavirus panic sent world share markets skidding again on Friday, compounding their worst crash since the 2008 global financial crisis and pushing the week's wipeout in value terms to $5 trillion.

The rout showed no signs of slowing as Europe's main markets slumped 3-5% and the ongoing dive for safety sent yields on U.S. government

Details
Category: Stock Market

Write comment (97 Comments)

Sensex nosedives 1,448 pts, logs second-worst fall in history; Rs 5.20 lakh crore equity wealth gone
Mumbai: As scare over likely coronavirus pandemic spooked investors across the world, triggering a global market rout, the domestic stocks were not left unscathed either.

BSE benchmark Sensex logged its second-worst point-wise fall on Friday, as investors flocked to safe haven assets. The market crash eroded Rs 5.20 lakh crore of investor wealth

Details
Category: Stock Market

Write comment (94 Comments)

Stock market update: Bank shares plummet; RBL Bank slides 5%
NEW DELHI: Shares of banks were trading with losses in Friday's morning session.

Shares of RBL Bank (down 5.43 per cent), YES Bank (down 4.21 per cent), Axis Bank (down 3.89 per cent), Punjab National Bank (down 3.3 per cent) and State Bank of India (down 3.25 per cent) were among the top losers in the index.

IDFC Bank (down 3.11 per cent), Bank

Details
Category: Stock Market

Write comment (94 Comments)

Pidilite acquires majority stake in Tenax India Stone Products
MUMBAI: Pidilite Industries, the maker of Fevicol, entered into an agreement with Italy's Tenax SPA for acquiring a 70% stake in Tenax India Stone Products for cash consideration of about Rs 80 crore.

The Italian company sells adhesives, coatings, surface treatment chemicals and abrasives for the marble, granite and stone industry in India through

Details
Category: Stock Market

Write comment (97 Comments)

As China sneezes, India Inc catches cold: Companies that may take a hit
NEW DELHI: India Inc seems to have started seeing the impact of trade disruption following the coronavirus outbreak. In their latest updates, companies from across sectors are sounding concerned about possible supply chain disruptions.

Chennai-based TVS Motor this past Monday said the outbreak impacted the supply of certain components, thereby

Details
Category: Stock Market

Write comment (98 Comments)

Stock market update: 7 stocks hit 52-week lows on NSE
NEW DELHI: Around 7 stocks fell to touch their 52-week lows on NSE in Friday's session.

Among the stocks that touched their 52-week lows were Rajdarshan Industries, Creative Peripherals and Distribution and Lasa Supergenerics.

Mishra Dhatu Nigam, Ruchi Soya Industries and Visesh Infotecnics also featured among the stocks that touched their

Details
Category: Stock Market

Write comment (100 Comments)

Sebi asks investment advisers operating in IFSC to have $700,000 net worth

FEATURED FUNDS

ICICI Prudential Bluechip Fund Direct-Growth

★★★★★

Details
Category: Stock Market

Write comment (90 Comments)

Lack of clarity over date for dividend tax worries Street
How will the tax on dividend play out when a company declares dividend before March 31, but shareholders receive the money on or after April 1? The law has left a gap for overzealous tax officers to interpret it in a way where both the company and shareholders are asked to fork out tax.

According to the amendments proposed in the Union budget, the

Details
Category: Stock Market

Write comment (99 Comments)

Stock market update: 271 stocks hit 52-week lows on NSE
NEW DELHI: Around 271 stocks fell to touch their 52-week lows on NSE in Friday's session.

Among the stocks that touched their 52-week lows were ITC, ONGC, Hindalco, ACC, L-T, GAIL, Bosch and Lupin.

Wipro, Future Consumer, Hero MotoCorp, Future Retail, ABB India and Bandhan Bank also featured among the stocks that touched their 52-week lows on

Details
Category: Stock Market

Write comment (91 Comments)