Markets fall most in the month; Sensex drops 743 points from day's high
The recent weakness in stock markets has provided an opportunity to buy quality stocks relatively cheaper
Nifty, Bank nifty, bharti airtel, UPL,Hindustan Unilever
Data leaked on WhatsApp closely matched actual figures
A new AAR ruling provides relief to employees deputed overseas and who receive salaries abroad as well as in India
While competition environment for the firm is benign for now, rising commodity prices, entry of new players are issues
In February, FPIs sold $421 mn in debt; in March they have sold $133 mn so far
Analysts said local investors continued to be on the sidelines as they were still worried about political uncertainty
India's domestic economy could also suffer some ill-effects without necessarily triggering retaliation via higher tariff barriers against Indian goods
All that happened in the markets today.
Bank of India, Canara Bank, Union Bank of India, Allahabad Bank, Andhra Bank, Indian Bank and Syndicate Bank were down in the range of 4% to 7%.
The stock has outperformed the market by gaining 27% in past one month as compared to 1% decline in the S&P BSE Sensex.
The stock is locked in lower circuit for the 13th straight trading day, down 5% at Rs 18.35 after the media report suggested that the CBI had arrested Vice President of the company in PNB case.
On February 28, HDFC Asset Management Company A/c HDFC Mutual Fund sold 2% stake or 5.86 million shares of SITI Networks through open market.
In past one month, most the PSU banks have underperformed the market by falling more than 10% against 1.4% decline in Nifty 50 index
Stock of the pharmaceutical company outperformed the market by gaining 12% in past five trading days, as compared to 1.3% decline in the S&P BSE Sensex.
Among individual stocks, NMDC, Jindal Steel, Jindal Stainless (Hisar), National Aluminium (NALCO), JSW Steel and SAIL slipped 4.6 per cent to 6.4 per cent during the day
A possible US-EU trade war could hurt Tata firms as the US and Europe account for 45% of the group's auto, steel, chemical, and beverage business
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher
Since 2017, 47 such schemes launched; mopped up Rs 175 billion