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Trending stocks: InterGlobe Aviation share price slips 5%
NEW DELHI: Shares of InterGlobe Aviation traded 4.83 per cent down in Monday 's trade at 09:40AM (IST).

Around 17306 shares changed hands on the counter. The stock opened at Rs 1040.3 and touched an intraday high and low of Rs 1041.25 and Rs 1013.9 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 1898.85 and a 52-week

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The domestic supply market saw a gap-up begin to Friday's session in addition to increased the technical pullback, assisting the headline index to do with decent gains. Nonetheless, after opening on a stronger-than-expected note, the marketplace gave up a whole lot of the gains prior to rebounding in the second fifty percent to recuperate a few of the lost gains. That assisted Clever end on a.The domestic stock market saw a gap-up start to Friday's session and also expanded the technical pullback, helping the heading index to finish with excellent gains. Nevertheless, after opening on a stronger-than-expected note, the marketplace stopped a great deal of the gains before recoiling in the second half to recoup several of the shed gains. That helped Nifty upright a solid note, loading up 273 points, or 3.05 percent. Volatility in materials remained to cool down, as India Volatility Index, INDIA VIX, decreased 7.60 percent to 42.59. The market is most likely to see a warm start to Monday's session. The 9,300 as well as 9,345 degrees are prepared for to function as strong above resistance, while assistances will absolutely come in at 9,165 as well as additionally 9,890 degrees. Any drawback actions are likely to make the trading variety bigger than typical. The Relative Stamina Index (RSI) on the everyday chart stood at 50.34; it stays neutral as well as additionally does not expose any kind of type of aberration versus cost. The everyday MACD remains to be favorable as it trades over the signal line. The candles have actually seen the look of a Hanging Guy pattern. If this pattern turns up after some bounce, it could possibly stop the preceding uptrend. ET CONTRIBUTORSThis would certainly call for the confirmation on the following trading bar. Throughout Friday's session, Nifty developed a Rising Wedge pattern, which is not a preferable development in today scenario. This is a perhaps bearish pattern that starts large at the base and also agreements as prices relocate higher as well as additionally the trading array tightens. Usually, a Rising Wedge pattern occurs from bearishness rallies. Unlike Balanced Triangulars, which have no beneficial or bearish bias, a Climbing up Wedge absolutely slopes up as well as likewise can have a bearish prejudice. In the existing technical framework, additionally if the technical pullback continues, it would be wise to keep away from chasing after these up-moves. One must continue to safeguard profits on either side as well as likewise avoid taking any type of hefty directional connect with the upside. A careful strategy is motivated for the day. (Milan Vaishnav, CMT, MSTA, is a Consulting Technical Specialist and also proprietor of Gems Equity Study - Advisory Providers, Vadodara. He can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.)
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The week that was in 10 stocks: NBCC, Voda, IndusInd and others
Capping off a volatile week, domestic equity Indices finally closed with around 1.5 per cent gains, registering a positive close for the second consecutive week, largely on global cues and hopes of economic stimulus from the government.

Nearly 400 of BSE500 stocks ended the week with gains. Banks and construction companies were at the forefront of

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Buy Exide Industries, target price Rs 189: Emkay Global
Emkay Global has retained buy rating on Exide Industries with a target price of Rs 189 (Rs 248 earlier), based on 15 times FY22E EPS (18 times earlier). The value of the insurance business is at Rs 28/share.

Valuations have notably corrected, with FY21E core P/E at 12 times, vs. the historical average of 22 times. The company has been improving

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Trading in Times of Lockdown: Why this Dalal Street veteran sees no urgency to invest in this market
A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market. – Benjamin Graham

Chennai-based investor Shyam Sekhar seems to be living by this decree of the Father of Value Investing in these trying times.

As domestic stocks perished in the tsunami of selloff after Covid-19 outbreak and the resultant

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Tata Motors stock in focus as JLR suspends production outside China, sees 31% drop in March quarter sales
NEW DELHI: Shares of Tata Motors would be in focus on Monday after the automaker informed exchanges that British arm Jaguar Land Rover (JLR) has temporarily suspended production at its facilities outside China.

The automaker said JLR sales tumbled 30.9 per cent in the March quarter to 1,09,869 units and that the company is tightly managing all

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Trending stocks: Infosys shares up over 3% in early trade
NEW DELHI: Shares of Infosys traded 3.59 per cent up in Monday 's trade at 09:32AM (IST).

Around 61510 shares changed hands on the counter. The stock opened at Rs 640.0 and touched an intraday high and low of Rs 654.5 and Rs 639.3 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 847.0 and a 52-week low of Rs 518.85 .

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FPIs pull out Rs 12,650 crore in April amid Covid-19 turbulence
New Delhi: Foreign portfolio investors (FPIs) have withdrawn a net Rs 12,650 crore from the Indian capital markets in April so far amid the coronavirus crisis.

Between April 1 to 17, FPIs pulled out a net sum of Rs 3,808 crore from equities and Rs 8,842 crore from the debt segment, the depositories data showed.

The total net outflow stood at Rs

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HDFC Bank Q4 results: Profit jumps 18% to Rs 6,928 crore YoY; provisions double to Rs 3,785 crore
NEW DELHI: HDFC Bank on Saturday reported a 17.7 per cent year-on-year (YoY) rise in net profit at Rs 6,927.70 crore. This included a taxation of Rs 2,246.60 crore.

The figure marginally missed ET NOW poll estimate of Rs 7,002 crore.

HDFC Bank's Net interest income for the quarter climbed to Rs 15,204 crore from Rs 13,089 crore, driven by 21.3

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Buy Escorts, target price Rs 815: Emkay Global
Emkay Global has retained buy on Escorts Ltd, with a target price of Rs 815 (Rs 954 earlier), based on 14 times FY22E EPS (unchanged). The brokerage has reduced the EPS estimates of the company by 18%/15% for FY21E/F22E to factor in near-term volume pressures.

ESC is a play on the tractor segment, which is expected to recover sooner than others,

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Tweet Buster: Shankar Sharma-s -lsquo;reverse compounders-, Kedia-s -lsquo;hot pan- Sabharwal-s -lsquo;value trap- alert
NEW DELHI: Benchmark equity indices ended in the green for the second week straight, led by optimism of phased reopening of a few economies, possible drug candidate for the coronavirus and RBI’s liquidity booster at home. There are also hopes that the Modi government may soon come out with another stimulus package for the distressed industries.

As

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After a sharp technological pullback in the week before this one, Indian equities proceeded to prolong the pullback, but on a very moderate note. The trading range over the past 5 days remained large, around 500 factors, yet kept the internet step-by-step gains restricted. Given the near-oversold nature of the marketplace on the longer duration graph, Nifty expanded
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Private equity faces a big blow as many bets could unravel
Mumbai: Many investors could fall back on ‘excuse provisions’ to opt out of their commitments to Indian assets, likely hurting both private equity inflows and exits after New Delhi made its prior approval mandatory for any direct or indirect Chinese investments, experts and industry officials said.

Limited partners, or LPs that are investors in a

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Earnings, govt stimulus, Covid-19 news among top 10 factors that will drive D-Street next week
After logging gains for two consecutive weeks on global cues and government stimulus hopes, the domestic equity market is going to have a reality check in the coming week as the earnings season is going to gather pace. This, along with developments on the coronavirus front, will be among the key factors guiding investors in the week ahead.

Coronavi

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Residential equities stayed unequal along with traded higher during the week passed on hopes that the government and additionally RBI would introduce fresh aid to bring back the financial scenario as well as construct market confidence by instilling liquidity and also monetary incentives. RBI did this partly, which led markets higher by the close of the week. Along with such excitement, the combined
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Asia shares turn quietly cautious, US crude crushed
SYDNEY: Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while a glut of supply sent US crude spiralling to 20-year lows.

Japan reported its exports fell almost 12% in March from a year earlier, with shipments to

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Suzlon board okays various tools to restructure outstanding debt, bonds dues
NEW DELHI: Suzlon Energy on Saturday said its board has approved various proposals to facilitate debt and bond restructuring.

Recently, the company got approval from lenders as well as bondholders to restructure outstanding debt and bonds dues.

A company official said the company's outstanding debt is close to Rs 12,500 crore, while due bonds are

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US bailout watchdog vows to scrutinize share buybacks, dividends
WASHINGTON: An official charged with overseeing how the US government handles $500 billion in bailout funds said on Friday he will also monitor how companies use the cash, including for share buybacks, dividends and staff compensation.

Bharat Ramamurti, who was named this month as a member of the Congressional Oversight Commission to regulate

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ESAF Small Finance Bank expresses commitment for listing
New Delhi: Kerala-based ESAF Small Finance Bank has expressed its commitment for going public by listing its stock in line with the RBI's requirement and the money raised will help support the country's economy hit hard by the COVID-19 pandemic.

Currently, promoters and promoter group together hold 77.94 per cent stake in the bank, which commenced

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India's sovereign rating restricting upgrade on HDFC Bank's ratings: S P
MUMBAI: Despite expecting challenges to the Indian banking system because of the COVID-19 pandemic, global ratings agency Standard and Poor's feels HDFC Bank will be resilient and said that the country's sovereign rating restricts it from upgrading the country's largest private sector lender.

It appreciated HDFC Bank's comfortable capitalisation,

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NYSE and Nasdaq challenger MEMX delays launch due to coronavirus crisis
NEW YORK: The Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through lower fees, said on Friday it delayed its planned launch date due to the coronavirus crisis.

MEMX now expects to launch at some point in the third quarter, rather than on July 24, and has

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ACC Q4 earnings preview: Sales to shrink in double digits, margins to cushion profit
NEW DELHI: Cement maker ACC is expected to report a double-digit drop in sales, and lower single-digit fall in March quarter profit. Analysts said healthy cement prices during the quarter will restrict profits from falling much in the wake of production halt towards the fag-end of the quarter.

Emkay Global projects profit to fall 2.8 per cent

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A portfolio that lets one sleep well is what an investor should aim for
By Amit GroverWhile accepting the Noble prize for economics, Friedich Hayek made an astonishing admission: “Not only were economists unsure about their predictions, but their tendency to present their findings with the certainty of the language was misleading.”

Economics is not like physics where you have a definitive answer to a given problem. In

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HDFC Bank Q4: Covid provisions, auto slippages other key monitorables
NEW DELHI: In its recent quarterly update, HDFC Bank reported a strong 21 per cent year-on-year growth in advances at Rs 9.93 lakh crore as of March 31, and 24 per cent jump in deposits at Rs 11.46 lakh crore.

Analysts said the private lender may report a marginal in rise non-performing assets and stable NIMs when it announces its March quarter

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Infosys Q4 earnings preview: Focus is on commentary FY21 guidance
Infosys is expected to report tepid numbers for March quarter, with revenue and profit projected to grow in small percentages.

Analysts said the focus during Monday’s (April 20) earnings announcement will largely be on the guidance for next few quarters given the Covid dislocation.

Leading brokerages estimate revenue growth in the 6-10 per cent

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HDFC Bank Q4 results take Rs 450 crore Covid-19 hit: 5 key takeaways
NEW DELHI: HDFC Bank on Saturday marginally missed Street earnings estimates as it doubled its provisions in order to deal with Covid-related contingencies that may arise in the near future.

It reported 17.7 per cent year-on-year (YoY) rise in net profit at Rs 6,927.70 crore. Net interest income for the quarter climbed to Rs 15,204 crore from Rs

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RBI increases WMA limit for states by another 30%
Kolkata | Mumbai: The Reserve Bank of India (RBI) has provided relief to state governments by raising their short-term borrowing limit by an additional 30%. This move is likely to rein in states’ borrowing costs as they would not bunch up auctioning of bonds.

This is estimated to create a space for Rs 12,000 crore for the state governments looking

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Six of top-10 firms add Rs 53,702 crore in m-cap; ICICI Bank leads
New Delhi: Six of the 10 most valued domestic companies together added Rs 53,702.27 crore in market valuation last week, with ICICI Bank and TCS emerging as the biggest gainers.

Reliance Industries Limited (RIL), HUL, Bharti Airtel and ITC were the other gainers from the top-10 list, while HDFC Bank, HDFC, Infosys and Kotak Mahindra Bank witnessed

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Government nod must for investment from China and its neighbours
NEW DELHI: India has clamped down on investments from China making prior government clearance mandatory for all forms investments, even indirect ones, from all countries sharing land border with the country.

The department for Promotion of Industry and Internal Trade on Saturday issued a press note 3 (2020 series) stating that foreign investments

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Banks told not to pay dividend, conserve capital
Mumbai: The Reserve Bank of India (RBI) on Friday barred banks from paying dividends for the fiscal year ended March 2020 so that they conserve capital in view of the economic shock caused by the Covid-19 pandemic.

In his address, which included other policy measures, RBI governor Shaktikanta Das said the ban on dividend payment will help banks

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