Indian markets fell sharply today, breaking their recent record streak. The Sensex finished more than 1,400 points lower at 45,553 after sliding more than 2,000 points to the day’s low. The Nifty finished 3.2% lower at 13,328 and the broader markets also saw a large sell-off. The BSE mid-cap and …
Read More »SBI, DHFL, banking, automotive and telecommunications stocks
NEW DELHI: Here are the top 10 stocks that could be in focus on Wednesday: Bank actions: Toxic assets on banks’ balance sheets are expected to rise to 10-11% of total advances as the regulator phased out asset rating relaxations offered to lenders to weather the covid-19 storm, S&P said. …
Read More »Covid-19 Vaccine, Related Updates, F&O Expiration To Drive D-Street Next Week
NEW DELHI : Indian equity markets are likely to experience volatility this week due to concerns about rising coronavirus cases and expiration of derivatives contracts, analysts said. Furthermore, progress around the COVID-19 vaccine, related updates, US stimulus talks and global signals would dictate the market trend, traders said. “Looking ahead, …
Read More »Markets are already pricing in a successful Moderna vaccine
The stakes are high for the results of Moderna Inc.’s upcoming Covid-19 vaccine trial.But when it comes to investors, the impact may already be on the price of financial assets. The bar was raised for markets to rebound following an announcement by Pfizer Inc. that its vaccine protected 90% of …
Read More »Mark Mobius Says Biden Is Bad For US Stocks, Good For Others
A Joe Biden presidency will be negative for stocks in the US and positive for other markets given his plans to raise taxes on companies and wealthy Americans, according to veteran investor Mark Mobius. Biden’s tax increases will reduce the incentive for people to invest in the US market, said …
Read More »HUL, Hindustan Copper, PSU, L&T
New Delhi – Here’s a list of the top 10 stocks that may be in focus on Tuesday: Public sector units: The government of India has asked at least eight state-owned companies to consider share buybacks this fiscal year as it looks for ways to raise funds to control the …
Read More »Infosys, Reliance Industries, banks, Mindtree
Here is a list of the top ten stocks that may appear in the news on Thursday: Infosys: TI Major raised its revenue growth guidance to 2-3% for the year through March 31 from 0-2% previously in constant currency terms. Its profit for the quarter to September increased 20.5% to …
Read More »Government pre-festival giveaway may not boost consumption significantly
Finance Minister Nirmala Sitharaman’s announcements of fiscal stimulus at a press conference on Monday turned out to be a bit silly. That’s because the ads are not expected to have a material impact on consumer demand. The boost to consumer spending is expected to be on the order of Rs36,000 …
Read More »Sensex Crash: Investors lose Rs 11.31 crore lakh in 6 days | India Business News
NEW DELHI: Investors have lost a whopping Rs 11,31,815.5 crore in six days of market declines, and concerns about the economic recovery weaken appetite for risk. Falling for the sixth consecutive session, the EEB Sensex It fell 1,114.82 points or 2.96 percent to close at 36,553.60 on Thursday, following a …
Read More »Stock markets face big test as COVID vaccine results likely starting next month
Optimism that vaccines are on track to end the coronavirus pandemic has been a major factor in the resurgence of US stocks this year. That will face critical test in the coming weeks as investors await clinical data on whether it actually works. An analysis by UBS found that about …
Read More »