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Showing posts from February, 2020

Ahead of Market: 12 things that will decide stock action on Monday

Momentum indicator Moving Average Convergence Divergence (MACD) showed bullish trade setup on the counters of Torrent Pharma, Mindteck, Capacit’e Infraprojects, APL Apollo Tubes and La Opala. from Stocks-Markets-Economic Times https://ift.tt/3sHwST0 via Urmarketspy

13 PSU banks hit 52-week lows; should you start cherry picking?

Allahabad Bank is the worst hit, down 40% YTD. It hit the 52-week-low of Rs 11.1 on Friday. from Stocks-Markets-Economic Times https://ift.tt/2wZThQW via Urmarketspy

Coronavirus may contract China GDP by 6%: Pimco

The GDP contraction would push down year-on-year growth to 3%, compared with 6% expansion last year. from Stocks-Markets-Economic Times https://ift.tt/2uG36CD via Urmarketspy

Trump says it's 'about time' Fed cuts interest rates

Fed Chairman Jerome Powell on Friday opened the door to a rate cut, citing the “evolving risks” posed to the U.S. economy from the virus. from Stocks-Markets-Economic Times https://ift.tt/3coSzNs via Urmarketspy

Abu Dhabi wealth fund weighs stake in BR Shetty’s troubled NMC

The potential deal comes as NMC faces allegations by Carson Block’s Muddy Waters Capital LLC that its financial statements hint at potential over payment for assets, inflated cash balances and understated debt. from Stocks-Markets-Economic Times https://ift.tt/2I9SzTy via Urmarketspy

Tweet Buster: Markets in ‘panicdemic’ & why RBI can’t soften coronavirus hit

Sensex nosedived 1,448 points alone on Friday to log its second-worst pointwise decline in history. from Stocks-Markets-Economic Times https://ift.tt/389cNY8 via Urmarketspy

Central banks on coronavirus alert as stock markets seek action

It’s a heavy week of speakers from the Fed. About a dozen policy makers will make public remarks. from Stocks-Markets-Economic Times https://ift.tt/38cpBwO via Urmarketspy

Coronavirus, GDP data, SBI Card IPO among key factors that will guide market next week

India’s economy expanded by 4.7 per cent in the quarter ended Dec 31, data showed on Friday. from Stocks-Markets-Economic Times https://ift.tt/2T97iV1 via Urmarketspy

World’s richest lose $444 billion after hellish week for markets

The World Health Organization has thus far refrained from declaring it a pandemic. from Stocks-Markets-Economic Times https://ift.tt/32C2sm9 via Urmarketspy

Wall Street week ahead: Main Street leans toward Sanders, but Wall Street says Trump

The sharp mismatch in expectations could stoke market volatility if Wall Streeters are wrong and a Democrat emerges victorious. from Stocks-Markets-Economic Times https://ift.tt/39dCKqA via Urmarketspy

Premji, Nadar lose nearly $1.5 billion each as markets crash

A recession could make clients of IT services companies cut their technology spends. from Stocks-Markets-Economic Times https://ift.tt/2vilB0u via Urmarketspy

Relentless decline erases $600 billion in emerging market stocks

Now, investors are running scared the epidemic will spread across the US. from Stocks-Markets-Economic Times https://ift.tt/3ckdi4U via Urmarketspy

Week in 5 charts: Nifty registers worst weekly loss since 2009 as Coronavirus turns global fear

The BSE large-cap index shed 7.4 percent, while BSE small-cap index and mid-cap index fell 7 percent in the past week. from Moneycontrol Latest News https://ift.tt/2TvUx62 via Urmarketspy

Your insurer just wants to #39;keep in touch#39;

Usage of WhatsApp by insurers is becoming more common in India. But is it necessary? from Moneycontrol Latest News https://ift.tt/2x09A0d via Urmarketspy

Explained | SBI Cards IPO subscription to open soon; what should investors do?

In this Moneycontrol special video, Sakshi Batra tells you about the SBI IPO and expert recommendations for investors on the same. from Moneycontrol Latest News https://www.moneycontrol.com/news/ipo-upcoming-issues/explained-|-sbi-cards-ipo-subscription-to-open-soonshould-investors-do_13539341.html via Urmarketspy

Market crash is valuation play, coronavirus just the scapegoat

Short-term traders should remain on the sidelines as VIX is ruling extremely high. from Stocks-Markets-Economic Times https://ift.tt/2uEBtdc via Urmarketspy

Market is in longer duration time wise correction, says Ajay Khandelwal

Earnings surprises and misses have been evenly matched for this quarter. It has been a mixed bag but the big earnings revival seems to be round the corner from Moneycontrol Latest News https://ift.tt/385CIjr via Urmarketspy

The charm of PE multiples: Here are the safe havens

About 30 stocks from the BSE500 index have managed to buck the trend on D-Street. from Stocks-Markets-Economic Times https://ift.tt/2I5Y0CS via Urmarketspy

Mid and smallcaps cede their entire 2020 gains

The broader markets fell in line with the slump in the main benchmarks on Friday. from Stocks-Markets-Economic Times https://ift.tt/32CGhwr via Urmarketspy

Rising concerns over global recession: Markets can’t mask their fear

Investor wealth worth Rs 4.81 lakh crore was wiped out in a day. from Stocks-Markets-Economic Times https://ift.tt/39c3ibI via Urmarketspy

Dow, S&P suffer biggest weekly plunge since 2008 crisis

Of the S&P's 11 major sectors, the rate-sensitive financial index weighed the most on the benchmark S&P 500 index, ending the day down 2.6 per cent. from Stocks-Markets-Economic Times https://ift.tt/2Tpgfs3 via Urmarketspy

Tata Motors to shut Concorde Motors as part of trimming flab

Concorde has registered a loss for five consecutive years, with cumulative losses crossing Rs 366 crore. The winding-up process is in the final stages and it will be completed before fiscal-end. The company had 34 showrooms and 17 workshops with a workforce of 2,200-plus at end of FY19, which are on the last stage of liquidation. from Stocks-Markets-Economic Times https://ift.tt/2wj3DuA via Urmarketspy

M&M Alyte to be cab aggregator for corporates

Alyte, run under Mahindra Logistics; Meru Cabs, in which Mahindra group owns 55%; etaxi service Glyd; and First Choice, M&M’s used car business, will be housed under the new mobility services vertical. M&M plans to roll out a mobile application for Alyte in the next month. It will work on the basis of contracts with companies. from Stocks-Markets-Economic Times https://ift.tt/2I2UKbm via Urmarketspy

Moneycontrol Pro Weekender: Time to pay the bill?

There is no reason to believe that the worst is behind us. from Moneycontrol Latest News https://ift.tt/2VsmRJ0 via Urmarketspy

Editor#39;s Take | Impact of abolishment of DDT in Budget 2020 on MF investors

Moneycontrol#39;s Shraddha Sharma talks to Personal Finance Editor Kayezad Adajania to tell us more about this move and how this would impact mutual fund investors. from Moneycontrol Latest News https://www.moneycontrol.com/news/mutual-funds/editor39s-take-|-impactabolishmentddtbudget-2020mf-investors_13539261.html via Urmarketspy

For long-term SIPs, follow 70:20:10 rule: Experts

"SIP investors should allocate 70% to large-caps, 20% to mid-caps and 10% in small-caps," says expert. from Stocks-Markets-Economic Times https://ift.tt/2PA9oef via Urmarketspy

2020 Maruti Suzuki Vitara Brezza petrol first drive review

2020 Maruti Suzuki Vitara Brezza petrol first drive review from Moneycontrol Latest News https://ift.tt/2I7Mmau via Urmarketspy

#39;Coronavirus a ‘black swan’ event; next support for Nifty placed at 11,100 levels#39;

The Nifty is near the critical support zone of 11,200-11,100 and if it stabilises here then investors should start accumulating good quality stocks while traders can go long in stocks which have relative strength from Moneycontrol Latest News https://www.moneycontrol.com/news/market-outlook/39coronavirus‘black-swan’-event-next-support-for-nifty-placed-at-11100-levels39_13539221.html via Urmarketspy

Investors lose nearly Rs 10 lakh crore in February; 25 BSE stocks buck trend

The SP BSE Sensex plunged 5.96 percent while the Nifty50 was down 6.21 percent in the month of February making it one of the worst monthly fall since September 2018, data showed. from Moneycontrol Latest News https://ift.tt/2I7rVuw via Urmarketspy

SP falls for seventh day, suffers biggest weekly plunge since 2008 crisis

The Dow Jones Industrial Average fell 357.28 points, or 1.39%, to 25,409.36; the SP 500 lost 24.54 points, or 0.82%, to 2,954.22; and the Nasdaq Composite added 0.89 point, or 0.01%, to 8,567.37. from Moneycontrol Latest News https://ift.tt/2TsbJsL via Urmarketspy

2020 BMW X5 M Competition first drive review

2020 BMW X5 M Competition first drive review from Moneycontrol Latest News https://ift.tt/2PtOEF9 via Urmarketspy

Donald Trump#39;s trip demonstrates value US places on ties with India: Mike Pompeo

Trump#39;s "first official trip to India this week demonstrates the value the US places on the US-India partnership", Pompeo said in a tweet on Thursday, a day after the president returned from his historic two-day visit to India with stops in Ahmedabad, Agra and New Delhi. from Moneycontrol Latest News https://ift.tt/2VtgTHN via Urmarketspy

Vistara takes delivery of its first B787-9 Dreamliner aircraft

The plane, which has the registration number VT-TSD, will depart from the Boeing facility here at 2 pm (local time) on Friday and land in Delhi at 2 pm (local time) on Saturday, Vistara officials said here. from Moneycontrol Latest News https://ift.tt/3aaZTtV via Urmarketspy

Gold rises as coronavirus fuels global slowdown worries

Spot gold gained 0.2% to $1,645.79 per ounce by 0055 GMT, and was up about 0.1% for the week. from Moneycontrol Latest News https://ift.tt/2I6jPly via Urmarketspy

Amazon bars 1 million products for false coronavirus claims

Amazon also removed tens of thousands of deals from merchants merchant offers that it said attempted to price-gouge customers. from Moneycontrol Latest News https://ift.tt/2wbeR4A via Urmarketspy

Oil prices dive to lowest in over a year on coronavirus fears

Brent crude dropped $1.25, or 2.3%, to settle at $52.18 a barrel, off the session low of $50.97 a barrel, which was the lowest since December 2018. West Texas Intermediate (WTI) futures sank $1.64, or 3.4%, to $47.09, after hitting their lowest level since January 2019. from Moneycontrol Latest News https://ift.tt/2w9lcgO via Urmarketspy

Thyssenkrupp sells elevator unit for $18.7 billion to Advent, Cinven consortium

The bidding group prevailed against a rival consortium comprising Blackstone Group Inc, Carlyle Group Inc and the Canada Pension Plan Investment Board, which sources said submitted a lower offer. from Moneycontrol Latest News https://ift.tt/32FYfOA via Urmarketspy

World stocks set for worst week since 2008 as virus fears grip markets

In Asia, MSCI#39;s regional index excluding Japan shed 1.4%. Japan#39;s Nikkei gave up 3.3% on rising fears the Olympics planned in July-August may be called off due to the coronavirus. from Moneycontrol Latest News https://ift.tt/2VuKhxu via Urmarketspy

Sebi urges mutual funds to create liquidity buffer for debt schemes

Analysts said any SLR requirement could impact returns on debt mutual fund schemes. from Stocks-Markets-Economic Times https://ift.tt/398AbWL via Urmarketspy

F&O rollover hints volatility to continue, Nifty hits 4-month low

Foreign investors offloaded Indian stocks worth Rs 3,127 crore on Thursday. from Stocks-Markets-Economic Times https://ift.tt/3ad7qbQ via Urmarketspy

Buy Honeywell Automation India, price target Rs 35,000: Shrikant Chouhan

The analyst suggested a stoploss at Rs 32650. from Stocks-Markets-Economic Times https://ift.tt/2VAmv3b via Urmarketspy

Buy Jubilant Foodworks, price target Rs 1,945: Shrikant Chouhan

The analyst suggested a stoploss at Rs 1815. from Stocks-Markets-Economic Times https://ift.tt/396UjZj via Urmarketspy

Buy Hindustan Unilever, price target Rs 2,370: Shrikant Chouhan

The analyst suggested a stoploss at Rs 2210. from Stocks-Markets-Economic Times https://ift.tt/32ENg7V via Urmarketspy

Buy Pidilite Industries, price target Rs 1,630: Shrikant Chouhan

The analyst suggested a stoploss at Rs 1520. from Stocks-Markets-Economic Times https://ift.tt/32w4kNt via Urmarketspy

World stocks set for worst week since 2008 as virus fears grip markets

Wall Street shares led the rout as the S&P 500 fell 4.42 per cent, its largest percentage drop since August 2011. from Stocks-Markets-Economic Times https://ift.tt/2TsPsvg via Urmarketspy

Amid economic slowdown and rural distress, Unilever foresees ‘soft’ India sales

India’s FMCG market grew 6.6% in the December quarter compared with 15.7% growth a year ago. from Stocks-Markets-Economic Times https://ift.tt/2T4VvH6 via Urmarketspy

Dow suffers record decline of 1,190 points as Wall Street leads global stocks lower

The CBOE volatility index, also known as the fear index, ended near its session high. from Stocks-Markets-Economic Times https://ift.tt/2uAOAfq via Urmarketspy

Stocks in the news: Pidilite, DIC India, RITES, BoB, HPCL, GTPL Hathway

Power Grid | Pidilite Industries | Jubilant Food | RITES | Bank of Baroda and Canara Bank are among the stocks that are in the news today. from Moneycontrol Buzzing Stocks https://ift.tt/2wdUNOK via Urmarketspy

Japan Shinzo Abe says ready to protect economy from coronavirus impact

"I#39;m aware of views that if the virus spreads, it could have a huge impact on the economy," Abe told parliament. "We#39;re therefore watching developments carefully." from Moneycontrol Latest News https://ift.tt/381jCe8 via Urmarketspy

Facebook cancels developer conference as tech companies respond to coronavirus

Facebook#39;s F8 conference, which attracted 5,000 people from around the world last year, was scheduled to be held May 5 and 6 in San Jose, California. from Moneycontrol Latest News https://ift.tt/2T7Nf9e via Urmarketspy

Coronavirus deaths jump to 26 in Iran, vice president tests positive for virus

The Islamic republic has the highest death toll from the virus outside China, where COVID-19 first emerged. from Moneycontrol Latest News https://ift.tt/2PuGQTF via Urmarketspy