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
After a slump into bear market territory, the Dow Jones Industrial Average surged over 20% from its recent low last week, which by one definition suggested a new bull market
The Dow finished up 21% from its Monday low, establishing it in a bull market, according to a widely used definition. It was the index's strongest three-day percentage increase since 1931
According to reports, the government is likely to agree a stimulus package of more than Rs 1.5 trillion to fight a downturn caused by the coronavirus lockdown
Morgan Stanley expects global growth to fall to 0.9 per cent in such a scenario, while Goldman Sachs predicts weakening of growth to 1.25 per cent
The Nifty50 index hit a lower circuit on Friday as panic spread.
The Dow Jones Industrial Average fell 2,352.6 points, or 9.99%, to 21,200.62, the S&P 500 lost 260.74 points, or 9.51%, to 2,480.64
January's industrial and manufacturing production data and retail inflation for February are slated to be declared later in the day
Yesterday, the SBI said its board had given in-principle approval to consider an "investment opportunity" in YES Bank although no decision had yet been taken to pick up stake in the bank
Telecom stocks are likely to remain in focus today as the government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the SC order
Apart from the coronavirus newsflow, investors will await the release of India Service PMI numbers for February to be released today
Today is the second day for SBI Card's IPO. Despite the volatility in the market, the Rs 10,350-crore initial public offering of SBI Cards and Payment Services was off to a good a start on Monday
In the primary market, the initial public offer of SBI Cards and Payment Services will open today. The company expects to raise around Rs 10,341 crore from the IPO
Hopes that the epidemic would be over in a few months and economic activity would return to normal have been shattered, as new infections reported around the world now surpass those in China
Investors will also await the GDP numbers for the third quarter of FY20 to be released later in the day. Most experts peg the number closer to 5 per cent
Adding to the cautious mood on the Dalal Street will be the expiry of the February series derivative contracts today and the release of the Q3 GDP data tomorrow
A sell-off on Wall Street accelerated Tuesday afternoon as the Dow slumped more than two percent on mounting worries over the coronavirus. Near 1845 GMT, the Dow Jones Industrial Average stood at 27,390.27, down 2.0 per cent or about 570 points. The broad-based S&P 500 shed 1.9 per cent to 3,165.03, while the tech-rich Nasdaq Composite Index dropped 1.7 per cent to 9,067.84. Tuesday's declines add to the toll after major indices slumped more than three percent Monday in a rout precipitated by the spread of the virus beyond China. The declines came as US companies cited potential coronavirus impacts, including less spending from tourists and supply chain problems. "Bit by bit, US investors are seeing the prospects for global growth diminish," said Gregori Volokhine of Meeschaert Financial Services. "With the news of the last three or four days, it's hard to be optimistic." Mastercard slumped 5.3 per cent as it forecast that first-quarter sales growth would be two to three ...
A total of 946 companies, including ONGC, Embassy Office Parks REIT, and Fortis Healthcare are scheduled to announce their December quarter earnings today
Almost 615 companies, including BPCL, Page Industries, Nestle India, and Apollo Hospitals Enterprise, are scheduled to announce their December quarter results today
A total of 18 companies, including Reliance Industries, Tata Consultancy Services (TCS), and HCL Technologies, are scheduled to release their December quarter numbers later in the day