News of factories and showrooms in China reopening after several weeks of lockdown boosts sentiment
US-based Bernstein slashes rating to underweight, almost halves target price; UBS maintains positive stance
Ease of account opening due to e-KYC, tempting valuations after the market crash, work-from-home and SBI Card mega IPO are reasons for the spurt
Market players said the move was to discourage traders from aggressively building short positions.
Central banks in emerging countries from Brazil to India have stepped in this week to buy government bonds to prevent a jump in borrowing costs that would put more pressure on their economies.
In two days, investors have lost Rs 9,74,176.71 crore wealth. At close of trade on Tuesday, the market capitalisation of BSE-listed companies was at Rs 1,19,52,066.11 crore.
"The central bank may have been intervening in these markets in small measures in the past too, but Friday's action was quite loud," said a senior currency dealer requesting anonymity.
Together with the RBI, the government is closely monitoring markets, she said on the situation arising out of a panic spread of coronavirus pandemic.
The carnage in the equity market wiped out investor wealth worth Rs 6,84,277.65 crore, taking the total m-cap to Rs 1,37,46,946.76 crore on the BSE at the end of Monday's trading session.
Family picks up 3.34% in India's largest battery maker with latest move, may consider further investments depending on how the company performs
Going by the experience and track record of IPOs of ONGC, Coal India and a dozen other PSUs, it is doubtful whether investors will reap reasonable capital appreciation and dividends.
Market players said if not for the buying by domestic investors, there could have a steeper decline. They bought shares worth over Rs 3,000 crore in each of the last two trading sessions.
Trading at 30x its FY21 earnings, there is limited upside
The US stocks pared early losses, after the initial surge in angst (over the virus spread) that pushed US indices to their four-month lows. Bond yields remained at unprecedented levels.
According to foreign fund managers, receding worries regarding a major global outbreak of Coronavirus led to improved sentiment.
Industry participants say this could make life difficult for advisors offering services to high net-worth investors, where operating costs are on the higher side.
The regulator will use data analytics to scrutinise what it finds in its 'data lakes' and monitor information on social media
After guiding for 3-5% volume growth at the beginning of FY20, the company has now revised its guidance to a marginal decline
Mid- and small-caps outperform benchmarks
The S&P BSE Sensex added 38 points or 0.10 per cent to end the Samvat 2075 at 39,058 levels. The NSE's Nifty50 index ended at 11,584, up just 1 point or 0.01 per cent