Page 64 - Puneet Wadhwa

Stock market eyeing economy reopening, not virus-related data: Chris Wood

As regards the United States (US), Wood expects a gradual opening up in May

India's jewellery demand dips 41% to 11-year low in March quarter: WGC

Global holdings of physically-backed gold ETFs and similar products jumped by 298 tonnes during the March quarter - the highest quarterly inflows for four years

Markets at inflexion point; analysts bullish on consumer, telecom, pharma

The recovery seen in the markets from their March 2020 lows has been quite sharp, with the S&P BSE Sensex and the Nifty50 indices gaining 27.61 per cent and 27.18 per cent, respectively since then

Pharma index set to post its biggest monthly gain in 21 years amid Covid-19

Analysts, however, do caution against the rich valuation the pharma index and the stocks are trading at

Delta Corp, Emami: Share buyback via open market route at seven-year high

Thus far in CY20, 20 companies have announced buyback of their shares, of which, 14 firms have proposed to buyback from open market route

Covid-19 fallout: UBS pegs FY21 India growth at -0.4%, a four decade low

The worst-case scenario, assumes that coronavirus (Covid-19) will continue to spread, possibly in waves, all the way through to mid-2021

Rating downgrade by Moody's, negative outlook by Fitch likely, warns Nomura

India's Achilles heel on ratings, according to Nomura, is its parlous state of fiscal affairs

We have not had any panic redemption in recent weeks: Mirae Asset

In the recent past, we have used the market volatility to add some quality franchises and replaced our weakest holdings. Overweight healthcare, insurance, automobiles/consumer discretionary.

As a fund house, we are buying into this market correction: Mahesh Patil

Mid-and-small-cap stocks have seen a significant impact in this correction and the fall is giving a good opportunity to add good quality mid-and-small-cap stocks in our schemes, says Patil.

Gold can hit $3,000/oz as investors become risk-averse: BofA Securities

Variables such as nominal gross domestic product (GDP), central bank balance sheets, or official gold reserves will remain the key determinants of gold prices.

Facebook investment paves way for RIL to become debt-free by March 2021

According to estimates by Jefferies, the deal implies a pre-money equity valuation of Rs 4,362 billion ($57 billion) for Jio Platforms Limited (JPL).

Demand recovery, storage facility ramp up key for sanity in crude oil price

On Monday, the front-month US WTI benchmark crashed into negative territory for the first time ever in history

Policy measures may not offset Covid-19 economic damage in APAC: Moody's

Though Asia's external & fiscal buffers are generally more robust than those in other regions, equipping governments with more policy space, their policy responses will only cushion some of the impact

Our March 2021 target for Nifty is 10,100: Citi India's Abhinav Khanna

'Volatility is here to stay in the near term, for Indian as well as global markets, as a lot is still unknown about the future trajectory of the coronavirus pandemic and lockdowns across the globe'

Barclays pegs economic cost of lockdown at $234 bn; sees no growth in 2020

Barclays has revised down their GDP growth forecast further to 0 per cent for calendar year 2020 (CY20) from 2.5 per cent earlier

Market expects gradual withdrawal of lockdown measures, say analysts

Analysts at Nomura say the experience of countries that have successfully flattened the curve suggests that the duration of the lockdowns could be longer

Diversified global, US and Europe funds saw biggest outflow: Cameron Brandt

Foreign portfolio investors pulled out Rs 62,000 crore from Indian equities in March

Investors opting to sit back till things get clearer: Kenneth Andrade

The market sell-off has already captured a lot of bad news in the price. Businesses now trade at book value (BV) or significantly lower, which limits their downside

Gold-backed ETFs see $23 billion inflow during March 2020 quarter: WGC

The sharp rise, according to the WGC, was triggered by a flight to safety amid the coronavirus (Covid-19) pandemic that hit world economy hard, and plunged most global equity markets into a bear phase

Amid market weakness, delivery-based trades hit an 11-month high in March

Among sectors, stocks of banks, cement, chemicals, engineering, agro chemicals, automobiles, fast moving consumer goods (FMCG), sugar, aviation have seen increase in delivery-based trades.