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Puneet Wadhwa leads all stock & financial markets’ coverage at Business Standard. He has an experience of over two decades in managing India’s busiest print, digital and electronic newsrooms at the Outlook Group, NDTV and Hindustan Times.
Puneet Wadhwa leads all stock & financial markets’ coverage at Business Standard. He has an experience of over two decades in managing India’s busiest print, digital and electronic newsrooms at the Outlook Group, NDTV and Hindustan Times.
Barclays has revised down their GDP growth forecast further to 0 per cent for calendar year 2020 (CY20) from 2.5 per cent earlier
Analysts at Nomura say the experience of countries that have successfully flattened the curve suggests that the duration of the lockdowns could be longer
Foreign portfolio investors pulled out Rs 62,000 crore from Indian equities in March
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
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
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.
The Jefferies report said that within the Nifty 100 several PSUs such as State Bank of India, GAIL, ONGC, NTPC, Bank of Baroda, Punjab National Bank & Power Finance Corporation slipped below GFC lows.
While the fiscal easing so far has been limited, they do expect more fiscal measures by the central and the state governments.
In October, the Indian government had issued a circular raising statutory FPI limit of Indian companies to the sectoral foreign investment limit
Over the next few months, Moody's expects job losses across countries to accelerate
While the Monetary Policy Committee (MPC) of the RBI originally was slated to meet in the first week of April, the central bank in a surprise move is holding a briefing today
Of the 143 stocks from the F&O segment, 10 have seen their market price more than halve in the March F&O series.
Even when the lockdown period ends, it will take time for the economy to be fully up and running. The public fear factor, analysts feel, will still result in below-normal activity for a few months
From the peak in January 2020, the S&P BSE Sensex and the Nifty50 have tanked around 37 per cent each, while the carnage in the mid-and small-caps has been even more brutal
Rakesh Jhunjhunwala and family, the big bull of the equity markets, have lost Rs 4,558 crore in CY20 so far, with the value of their investments slipping below Rs 10,000 crore
The value of insurer's holdings in listed companies at the end of December 2019 quarter stood at Rs 6.02 trillion
US Federal Reserve urged not to restrict the quantum of stimulus measures
"We think Indian policymakers must catch up and that too in a short time," analysts at the brokerage firm wrote.
Most leading brokerages - domestic and foreign - are already sounding cautious as regards the economic impact, and see the world economy heading into a recession
The Nifty50 index hit a lower circuit on Friday as panic spread.