Page 2361 - Markets News

India-focused offshore funds see $1.2-billion outflows in February

Listed emerging market flows were negative for all countries, except Brazil and Russia.

Oil's 60% crash due to coronavirus outbreak is tip of an iceberg

Having collapsed by about 60 per cent this year, Brent and West Texas Intermediate crude have stabilised at around $25 a barrel, but the price rout is far deeper for actual cargoes

Reliance Industries shares zoom nearly 15%; reclaims most valued firm tag

RIL's scrip jumped 14.65 per cent to close at Rs 1,081.25 on the BSE. During the day, it advanced 22.25 per cent to Rs 1,152.

Market Wrap, March 25: Here's all that happened in the markets today

Sensex posts biggest 1-day gain in percentage terms, ends at 28,536

MARKET: Sensex posts biggest 1-day gain in percentage terms, ends at 28,536

All that happened in markets today

Reliance Industries stock zooms 10%, pips TCS to become most-valued firm

The company's scrip zoomed 9.74 per cent to Rs 1,035 on the BSE

IRCTC hits lower circuit for 8th straight day, declines 58% in one month

To curb the coronavirus outbreak, all passenger train services on Indian Railways including premium trains, mail/express trains, Konkan Railway, etc have been cancelled till March 31.

AU Small Fin Bank hits 10% lower circuit for third day; tanks 59% in 1 mth

The financial sector would be the most impacted across parameters - slowing demand, rising yields and increasing delinquencies, due to a series of lockdowns and shutdowns, analysts said.

Consumption sector will not be affected much by the 21-day lockdown

I believe the full-year impact on GDP will be around 150 basis points (bps)

Market outlook: Trade strategies for Sensex, Nifty during 21-day lockdown

The reversal may see selling pressure at higher levels. However, the downside significant supports stand still in these corrective moves.

Metropolis Healthcare jumps 17% on strong long-term growth prospects

The brokerage expects the healthcare company to benefit from its aggressive B2C expansion, where it has expanded its network touch points by ~6.6X over the past 3.5 years

Capital Goods index hits over 6-year low; L&T down 51% in 2-months

Analysts anticipate some amount of weakness on the execution front in H1FY21 due to current challenges in manpower movement.

RIL surges over 9% on report Facebook eyeing stake in Reliance Jio

The report said the outspread of coronavirus could alter the schedule of signing the deal

M&M hits lowest level since April 2010, stock tanks 51% in a month

Covid-19, analysts say, will have an immediate short-term adverse impact on the automobile industry due to a decline in incomes and a slowdown in commercial activity.

Covid-19 lockdown: Capital, debt service providers to stay open, says Sebi

It further added that "the head office/ regional offices/ local offices of Sebi shall also function with minimum number of employee."

Covid-19 rate cuts to tug most Asian bond yields even lower: Reuters poll

Stock markets have also plummeted amid fears the global lockdown to contain the virus has tipped the world economy into a recession from which it will take year to recover.

Market Ahead, March 25: Top factors that could guide markets today

The government has already deferred deadlines for filing tax returns, extended a tax amnesty program and promised more measures to support the economy amid the coronavirus pandemic

Street positive in Hindustan Unilever's ability to scale up VWash

Strong distribution network and company's cost efficiency would help increase sales of the acquired high-margin portfolio

Covid-19 impact on infrastructure capex may be worse than seen in 2008

As janta curfews and lockdowns impact ongoing projects, government spending on relief measures may limit future infra spends

Travel start-ups hit a bumpy road amid restrictions due to coronavirus

They were riding on the promise of steady double-digit growth, but with travel restrictions and cancellations, their problems are mounting