Page 31 - Market News

Telecom stocks remain a safe bet amid coronavirus disruption: Expert

Analysts at Emkay Research believe that telecom remains one of the safest spots in the current scenario

Centre, Sebi likely to remove tax on buybacks, LTCG to lift sentiment

Investors have already swamped the government and Sebi with such demands as stocks of several companies have taken a beating

Investors lose Rs 14.22 trn wealth as markets drop 3,935 pts on Monday

The BSE benchmark index tanked 3,934.72 points or 13.15 per cent to close at 25,981.24. During the trade, it hit a one-year low of 25,880.83.

Markets to operate normally today: Sebi amid reports of shutdown

"Markets will work normally tomorrow (Monday)," said a Sebi official. "All segments at BSE will operate as usual on Monday 23," said Ashish Chauhan MD & CEO, BSE.

MCX permits members to use terminals from home till April 30

The decision has been taken as a preventive measure in view of government stopping modes of transport even within the city.

Eight of top-10 companies witness combined loss of Rs 3.63 trn in m-cap

Valuation of Reliance Industries Ltd (RIL) eroded by Rs 54,961.45 crore to Rs 6,46,732.07 crore and that of HDFC dropped by Rs 54,479.15 crore to Rs 3,03,722.13 crore.

Covid-19 to continue to dictate market trends next week: Analysts

During the last trading week till Friday, the Sensex plummeted 4,187.52 points or 12.27 per cent, while Nifty tanked 1,209.75 points or 12.15 per cent.

Crude oil adds over 4%, gold and silver up as markets recover sharply

News of factories and showrooms in China reopening after several weeks of lockdown boosts sentiment

Caught between divulging views, HDFC Bank stock closes in the red

US-based Bernstein slashes rating to underweight, almost halves target price; UBS maintains positive stance

Online brokerages see uptick in new investors even as markets crash

Ease of account opening due to e-KYC, tempting valuations after the market crash, work-from-home and SBI Card mega IPO are reasons for the spurt

Sebi unveils measures to tackle market volatility, curbs short selling

Market players said the move was to discourage traders from aggressively building short positions.

Policymakers slash rates, pump liquidity to boost panic-hit global markets

Central banks in emerging countries from Brazil to India have stepped in this week to buy government bonds to prevent a jump in borrowing costs that would put more pressure on their economies.

Investor wealth tumbles Rs 9.74 trillion in two days as markets plunge

In two days, investors have lost Rs 9,74,176.71 crore wealth. At close of trade on Tuesday, the market capitalisation of BSE-listed companies was at Rs 1,19,52,066.11 crore.

Market rout: RBI intervenes to protect continuously falling rupee

"The central bank may have been intervening in these markets in small measures in the past too, but Friday's action was quite loud," said a senior currency dealer requesting anonymity.

Govt, RBI closely monitoring: FM on market volatility over Coronavirus

Together with the RBI, the government is closely monitoring markets, she said on the situation arising out of a panic spread of coronavirus pandemic.

Investors lose nearly Rs 7 trn in market turmoil over coronavirus, oil rout

The carnage in the equity market wiped out investor wealth worth Rs 6,84,277.65 crore, taking the total m-cap to Rs 1,37,46,946.76 crore on the BSE at the end of Monday's trading session.

Burmans of Dabur hold 9.26% in Eveready after second stake hike in a month

Family picks up 3.34% in India's largest battery maker with latest move, may consider further investments depending on how the company performs

Letter to BS: Markets suffering from acute shortage of good quality stocks

Going by the experience and track record of IPOs of ONGC, Coal India and a dozen other PSUs, it is doubtful whether investors will reap reasonable capital appreciation and dividends.

Coronavirus pushes markets deeper into red; Sensex falls 143 points

Market players said if not for the buying by domestic investors, there could have a steeper decline. They bought shares worth over Rs 3,000 crore in each of the last two trading sessions.

SKF India may face pressure on revenues and margins amid weak demand

Trading at 30x its FY21 earnings, there is limited upside