UBS, HSBC advise buying Asia stocks amid rout
According to Patrick Ho, HSBC Private Banking’s chief market strategist for North Asia, investors still need to manage the “very weak econom...Read More
Where there’s Covid, there’s a Will: The wealthy start detailing bequests
India’s rich have started detailing bequests, worried about mortality & wealth erosion. from Markets-Economic Times https://ift.tt/2UV...Read More
Companies keen on rejigging bond terms
In the absence of regulatory forbearance, mutual funds, which act as passthrough vehicles, are disallowed by Sebi to reschedule bonds. fro...Read More
What changed for D-Street while you were sleeping
Analysts said the NSE barometer needs to respect the support of 8,244, else the downside may resume. from Markets-Economic Times https://i...Read More
Fed to allow foreign central banks to swap US treasury for cash
The global shutdown of businesses around the world has wreaked havoc on financial markets as companies rush to secure cash to remain afloat ...Read More
Buy Just Dial, target price Rs 430: Jefferies
The brokerage has cut target price to Rs 430 from Rs 500 as it has cut EPS estimates of FY20-FY21 period from Markets-Economic Times https...Read More
Payments stuck, exporters seek government’s support
When a local manufacturer ships consignments to its overseas client, it is supposed to produce shipment related documents including invoice,...Read More
Buy M&M, target price Rs 500: HSBC
There may not be major improvement in fundamentals in the near term but at this valuation, any gradual improvement is adequate to re-rate th...Read More
Tatas object to Shapoorji Pallonji Group plan to pledge stake
Pallonji Mistry and sons Shapoor Mistry and Cyrus Mistry, who together control the diversified SP Group, have tapped Canadian investor Brook...Read More
Hold Voltas, target price Rs 469: ICICI Securities
The stock has been de-rated sharply due to demand uncertainty, but the brokerage has upgraded it given benign valuation and assuming normali...Read More
Shuttered buyers send force majeure notices to energy companies
As nationwide demand plummets, oil and gas players flooded with such notices. from Markets-Economic Times https://ift.tt/2UPLBZD Read More
Foreign entities seek relief from furnishing hard copies for PAN
The move comes as several new PAN applications are stuck. Industry estimates suggest there are around 400-500 such applications pending. PA...Read More
Heavy domestic buying key factor behind recent stocks rally: Will it sustain?
Higher purchase figures by DIIs could have been on account of buying by mutual funds. from Markets-Economic Times https://ift.tt/3dPXk3l Read More
Green shoots of recovery wither due to Covid: CLSA
Japanese brokerage firm Nomura also sees the lockdown impacting growth recovery. from Markets-Economic Times https://ift.tt/2Uyy75O Read More
Fearful FPIs march out of Indian markets, pull out a record $15.9 billion
FPIs account for a fifth of the total market capitalisation of Indian equities. from Markets-Economic Times https://ift.tt/2wQqlLi Read More
Gold recovers from 3% slump as dollar, Asian equities ease
Spot gold was up 0.4% at $1,577.83 per ounce, as of 0030 GMT, having slumped 3.1% in the previous session. U.S. gold futures slipped 0.3% to...Read More
ABB Power Products may be a good bet to gain from open offer
As a part of the global deal, ABB India demerged its power grid business into a separate entity, called APPSIL. from Markets-Economic Time...Read More
Stocks under pressure after biggest quarterly drop since 2008
Shares on Wall Street tumbled on Tuesday, with the Dow registering its biggest quarterly fall since 1987. from Markets-Economic Times http...Read More
IndusInd falls 15% on worries over asset quality, growth numbers
Investors grew edgy after the bank management laid out its strategy and the state of affairs at the lender which has seen a management chang...Read More
Oil prices mixed, US inventory build-up heightens oversupply concerns
U.S. crude inventories rose by 10.5 million barrels last week, far exceeding forecasts for a 4 million barrel build-up, data from industry g...Read More
Analyst Calls: L&T, Voltas, M&M, Just Dial
Kotak Institutional Equities has maintained buy rating on Petronet LNG and reduced target price to Rs 300 from Rs 325. from Markets-Econom...Read More
Automakers stare at a long, dark tunnel, sales in March seen down by 40-80% across segments
Performance in March has eclipsed declines during events such as demonetisation in late 2016, implementation of the goods and services tax (...Read More
Dow sinks, virus pushes it to sharpest quarterly plunge in over three decades
Wall Street's three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P ...Read More
Trending stocks: Spicejet shares gain 3% in early session
Shares of Spicejet Ltd. traded 3.29 per cent up in trade at 09:43AM on Tuesday . from Markets-Economic Times https://ift.tt/3aruCn4 Read More
Trending stocks: HDFC Bank shares rise 1% in early trade
Shares of HDFC Bank Ltd. traded 1.17 per cent up in trade at 09:36AM on Tuesday . from Markets-Economic Times https://ift.tt/2UNrBXD Read More
Trending stocks: Suzlon Energy shares up 3%
Shares of Suzlon Energy Ltd. traded 2.63 per cent up in trade at 09:31AM on Tuesday . from Markets-Economic Times https://ift.tt/2QXnwiu ...Read More
Buy Fortis Healthcare, target price Rs 174: ICICI Securities
The brokerage expects business improvement to continue and estimate revenue, EBITDA and PAT CAGRs at 9.9 per cent, 17.5 per cent and 41 per ...Read More
Buzzing stocks: Vodafone Idea, YES Bank, HDFC, ICICI Bank
The NSE Nifty index was trading 140.65 points up at 8421.75 . from Markets-Economic Times https://ift.tt/39BvKDD Read More
Sell Bharat Forge, target price Rs 233: Dharmesh Shah
The analyst suggested a stoploss at Rs 256 . from Markets-Economic Times https://ift.tt/3dQWhjA Read More
Buy Divi's Laboratories, target price Rs 1,975: Dharmesh Shah
The analyst suggested a stoploss at Rs 1840 . from Markets-Economic Times https://ift.tt/39vM3Se Read More
PE major Bain Capital’s Axis Bank deal under margin pressure
Freefall in Axis shares — pledged as collateral — leads to calls for more cash, global guarantees by PE’s lenders. from Markets-Economic T...Read More
Companies caught in disclosure dilemma
Sebi’s regulations mandate companies to disclose any material development on a continuous basis. However, disclosing the same in the current...Read More
Buy Sun Pharma, target price Rs 440: Jefferies
The brokerage believes the stock already factors in no improvement and values ex-India business at distress level. from Markets-Economic ...Read More
Deferring credit card, personal loan payments may cost more
Industry experts have pointed out that the central bank relaxation guidelines only cover deferment of principal amounts and lenders may stil...Read More
Buy Thermax, fair value Rs 870: Kotak Institutional Equities
the brokerage takes comfort from the company's large cash position and commitment to prioritise cash over revenues. from Markets-Econ...Read More
Buy Hero MotoCorp, target price Rs 2,200: Investec Securities
Hero MotoCorp with its high rural exposure, should benefit from the prospect of relatively strong rural demand. from Markets-Economic Time...Read More
Why are sugar stocks rallying in a weak market
Ethanol is an active ingredient in the production of hand sanitisers and is manufactured by sugar mills in India. from Markets-Economic Ti...Read More
US can well afford trillions in relief debt: Bullard
The Fed has slashed interest rates to almost zero and pumped hundreds of billions of dollars into credit markets to ensure they continue to...Read More
What changed for D-Street while you were sleeping
On the daily chart, the index formed a bearish candle with a lower wick. This suggests that the intraday recovery was sold into. from Mark...Read More
Liquidity push trims CD interest rates
Axis Bank’s CDs traded as high as 7.75 per cent before RBI announced an unscheduled bi-monthly policy last Friday. These instruments are now...Read More
Long unwinding sends open interest of index futures to five-year low
The futures OI slipped to 199,434 contracts on the NSE, the lowest since November 2015. from Markets-Economic Times https://ift.tt/2UQMP6P...Read More
Stocks in the news: Future Retail, HDFC Bank, SpiceJet, Thyrocare, Suzlon and Eicher Motors
The maker of Royal Enfield motorcycles has suspended payments to a few of its suppliers. from Markets-Economic Times https://ift.tt/3axamQ...Read More
Asia shares edge up, China factories show flicker of life
Japan's Nikkei firmed 1.0% after a jittery start, while South Korea added 2%. from Markets-Economic Times https://ift.tt/39szw20 Read More
Covid-19 in India: Banks wary of liquidity crunch
Some lenders, particularly private sector institutions, fear that if a large number of borrowers refuse to service loans, Reserve Bank of In...Read More
Eicher Motors' Royal Enfield invokes force majeure clause to select vendors
The move reflects the acute distress the industry is going through after a nationwide lockdown forced by the Covid-19 virus outbreak resulte...Read More
$3 billion cash flows stuck on account of lockdown, auto parts companies urge vehicle makers to release timely payment
Having assured government that auto component makers will not retrench any work force including temporary workers, the part makers are urgin...Read More
Banks win extra year for basel capital rule
According to the latest estimate by the European Banking Authority, banks would need about 125 billion euros ($138 billion) to comply with t...Read More
Spike in delivery-based trades hints at a possible recession
Markets have lost more than half a trillion dollars in market capitalisation since Covid-19. from Markets-Economic Times https://ift.tt/2J...Read More
IndiaNivesh closes down PMS business
The assets under custody of IndiaNivesh Small Cap (Sprout) have declined from Rs 90 crore to Rs 60 crore in the past one month, according to...Read More
Banking, fin services, energy & it see massive FPI offloading
FPI outflow from energy stocks was Rs 4,400 crore while from NBFCs was Rs 3,900 crore. from Markets-Economic Times https://ift.tt/33TKLiN ...Read More
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