Stating that asset quality will deteriorate, Moody's said a sharp decline in economic activity and a rise in unemployment will lead to a deterioration of household and corporate finances.
Among paint stocks, Asian Paints was trading nearly 4 per cent lower at Rs 1,543 apiece
A trader who looks for short-term gains, hold positions for a week or fortnight.
Here's a look at the key stocks that may trade actively in today's trading session -
Reliance Industries will be in focus today after the oil to telecom conglomerate yesterday said the company's board has approved a proposal to raise Rs 25,000 crore through non convertible debentures
HPCL may benefit more from improvement in marketing margins
Axis Bank pocketed the highest fee, at nearly $19 million
Problems compounded after China started a clampdown of illegal imports through stricter border controls beginning in December, which was pegged at $2 billion annually
Treasury heads say private banks are floating CDs of nearly Rs 5,000- 8,000 crore a day since the RBI lowered the repo and reverse repo rate last week
Aurobindo was scheduled to acquire the portfolio with an upfront purchase price of $900 million in cash
Backing of a liquid collateral and pricing power augur well
A total of 72 ETFs with $1.4 billion in assets shut down and returned their money to investors in the first quarter as the coronavirus outbreak roiled markets
Coronavirus cloud looms over Rs 33,556-crore IPO pipeline
According to market sources, FIIs have also sold Rs 8,000 crore-Rs 10,000 crore worth of debt securities in the shorter-tenure market in March.
The share of such funds among overall foreign holdings had risen over the last 18 months
Office property segment is expected to fare better compared with others, though new leasing is expected to come down sharply. Hotels are also expected to see sharp drop in revenues.
Categorised as unsecured loans, these will feel the brunt of weak demand and income disruption of borrowers
Intervention to combat the dual threat from the sudden liquidation of regional assets and a dollar funding shortage also helped ease bearish sentiment, the poll of 13 respondents showed.
Oil prices crumbled as the pandemic slashed global fuel consumption, with further pressure from a supply shock due to the end of production cuts from OPEC producers and Russia.
IndiaNivesh cited the ongoing global pandemic has that triggered an unprecedented fall in the markets coupled with the present lockdown as the reason for its decision