BUSINESS
Bajaj Finance shares tank 6%; brokerages cut estimates keep mixed views
Brokerage firm Emkay Global Financial Services has downgraded the company to 'hold' from 'buy', revising the target price to Rs 2,331 from Rs 3,570 earlier.
BUSINESS
Pharma firms better placed to endure coronavirus pain, say brokerages
The pharma sector is better placed to navigate the coronavirus outbreak though the lockdown has thrown up some unprecedented challenges, say brokerages.
BUSINESS
Coronavirus impact: Shadow of disruption looms large on cement sector; volumes to deteriorate
Fluctuation in prices and pressure on margins are likely to hit the sector, as cement companies will attempt to gain market share after normalcy returns.
BUSINESS
Trade Setup for Friday: Top 15 things to know before Opening Bell
Key support level for Nifty is placed at 8,105.4, followed by 7,957. If the index starts moving up, key resistance levels to watch out for are 8,495.15 and 8,736.5.
BUSINESS
COVID-19 impact: Fall in demand to weigh on oil & gas sector; earnings outlook gloomy
Even though it is difficult to assess the exact impact of the disruption, the upstream oil companies may experience more heat as the demand for oil is set to fall.
BUSINESS
COVID-19 impact: Stormy clouds for aviation ahead; travel ban serious blow to earnings
CARE Ratings said that there seems to be turbulence and stormy clouds for the Indian aviation industry as airlines will be operating on sub-par capacity which will result in low ticket booking, fall in revenues and low passenger load factor (PLF).
BUSINESS
Trade Setup for Wednesday: Top 14 things to know before Opening Bell
Key support level for Nifty is placed at 8411.07, followed by 8224.38. If the index continues moving up, key resistance levels to watch out for are 8731.37 and 8864.98.
BUSINESS
COVID-19 impact | Bumpy ride for autos; Hero Moto, M&M and Bajaj Auto top picks
SIAM's estimates had shown the present suspension of production activities at OEMs and ancillaries would cost the industry nearly Rs 2,300 crore per day in lost revenues, as per ICICI Direct report.
BUSINESS
IndusInd Bank deposits shrink by 10-11%, brokerages see tough road ahead
Some reduction in wholesale, possibly attributable to stock price fall is also a reason behind the fall in deposits.
BUSINESS
Trade Setup for Tuesday: Top 15 things to know before Opening Bell
Key support level for Nifty is placed at 8,158.07, followed by 8,035.03. If the index starts moving up, key resistance levels to watch out for are 8,490.07 and 8,699.03.
BUSINESS
Sensex tanks over 1,100 pts; why have stimulus, rate cuts failed to lift sentiment?
With stimulus measures announced, the focus is back on the coronavirus outbreak and its impact on the economy.
BUSINESS
Banks' earnings could fall up to 35%: Kotak Mahindra, HDFC Bank may see the least impact
Experts and brokerages are of the view that the banking sector should be in the focus of policymakers as the sector is suffering the most and will have a contagion effect on all sectors of the economy.
BUSINESS
Global brokerages welcome RBI measures, expect more rate cuts and growth in H2FY21
A 3-month moratorium for all term loan repayments will entail a one-time NPV hit for banks and NBFCs and problems will be acute for lower-rated NBFCs with limited funding options, CLSA has said.
BUSINESS
Kotak advises accumulating these 10 large-cap stocks amid virus-led uncertainty
The gains of the last two consecutive sessions have given bulls some support. However, experts say the market will see a sustained rise only if the cases of coronavirus show a continuous decline going forward.
BUSINESS
From rate cuts to liquidity measures, RBI goes all guns blazing: 8 key takeaways from RBI policy
“This decision of the rate cut and the advancement of MPC have been warranted by the disruptive force of COVID-19. It is intended to mitigate the negative effects of the virus, to revive growth and to preserve financial stability,” Das said.
BUSINESS
Trade Setup for Friday: Top 15 things to know before Opening Bell
Key support level is placed at 8,381.22, followed by 8,120.98. If the index continues moving upward, key resistance levels to watch out for are 8,825.37 and 9,009.28.
BUSINESS
Food for poor, cash for needy: 10 key announcements by FM Nirmala Sitharaman
The FM said the announcements made by her come into effect immediately and added that today's announcements were aimed at reaching out to those people who are the most vulnerable and needed such kinds of measures. As things develop we will come back.
BUSINESS
Trade Setup for Thursday: Top 14 things to know before Opening Bell
Key support level is placed at 7,896.15, followed by 7,474.45. If the index moves upward, key resistance levels to watch out for are 8,558.15 and 8,798.45.
BUSINESS
FM relaxes regulatory deadlines, hints at stimulus; key highlights from the presser
Various other dates for income tax notices and filing have been extended to June 30, 2020. Aadhaar-PAN linking date, too, has been extended to June 30, 2020, from March 31, 2020.
BUSINESS
Rakesh Jhunjhunwala's midcap play, Titan, surprises Street with Q3 margin; should you buy?
While the company's revenue growth was in line with the guidance, the positive surprise from the result was the jewellery margin of 13% and the EBITDA margin of 12%
BUSINESS
Trade Setup for Wednesday: Top 15 things to know before Opening Bell
the key support level for Nifty is placed at 11,846.67, followed by 11,713.63. If the index continues moving up, key resistance levels to watch out for are 12,049.47 and 12,119.23.
BUSINESS
Trade Setup for Tuesday: Top 15 things to know before Opening Bell
Key support level for Nifty is placed at 11,631.67, followed by 11,555.43. If the index continues moving up, key resistance levels to watch out for are 11,766.97 and 11,826.03.
BUSINESS
Top brokerages on Budget 2020: No quick revival of growth; PSU stocks to feel the pinch
Crisil said the planned budgetary measures are not expected to provide a short-term boost.
BUSINESS
Budget 2020: IT, Teck indices buck the trend to close 1% higher
The government said that a policy will be brought in to allow the private sector to build data center parks
