StockMarket

Sebi gives more time to brokers for submission of reports
Markets regulator Sebi on Thursday relaxed compliance requirements for brokers with regards to submission of reports pertaining to client funding and system audit in the wake of the coronavirus pandemic.

The decision comes after receiving a representation from stock exchanges, the Securities and Exchange Board of India (Sebi) said in a circular.

Th

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Buzzing stocks: Vodafone Idea, HDFC Bank, RIL, KSS
NEW DELHI: Vodafone Idea with over 3.96 crore shares changing hands was leading among the most traded stocks on NSE on Wednesday.

Shares of Alok Industries (number of shares traded: 0.46 crore), KSS Ltd (number of shares traded: 0.40 crore), Hindalco Inds. (number of shares traded: 0.25 crore), NCC (number of shares traded: 0.22 crore), HDFC Bank

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Asia shares jump but pandemic hangs heavy over outlook
NEW YORK/SYDNEY: Asian stocks bounced on Tuesday on hopes the coronavirus outbreak may be peaking, though sentiment was cautious ahead of Chinese trade data and corporate earnings as investors worried about a deep global recession.

Chinese shares started firm with the blue-chip index up 0.7 per cent. Australian shares were up 0.6 per cent while

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Morgan Stanley profit plunges as dealmaking hit by pandemic
Morgan Stanley posted a 32% fall in quarterly profit on Thursday as its advisory and wealth management businesses took a hit from the economic fallout of the COVID-19 pandemic.

The results capped first-quarter earnings from big U.S. banks, marked by significant declines in profit and billions in provisions to cover for a wave of expected loan

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Traders expect short-term bounce for Nifty in April
Market analysts are advising a call ladder on April 30 expiry Nifty options on anticipation of a short-term bounce of the bellwether index. This came after PM Narendra Modi extended the lockdown from April 14 through May 3, removing traces of lingering uncertainty.

The ladder comprises buying a 9,000 call and selling a 9,400 and 9,800 call each.

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Bandhan steps out to reassure Street after Ambit thumbs down
Bandhan Bank, which grew out of India’s biggest success story in microfinance, on Monday said that its liquidity and growth in deposits and advances remained healthy, seeking to calm investors and depositors after a Mumbai brokerage slashed the lender’s share price target by more than 80% from an earlier estimate in light of the stress in rec
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Wipro gains 2% ahead of Q4 results; herewhat analysts say
NEW DELHI: Shares of Wipro climbed 2 per cent in Wednesday's trade ahead of its quarterly results that are scheduled for later in the day.

The stock rose 2.08 per cent to hit a high of Rs 193.40 on BSE.

Investors were keenly awaiting the company’s revenue growth outlook for Q1FY21, timeline for the appointment of a new CEO, work from home (WFH) m

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In unpredictable markets, analysts and fund supervisors typically recommend steering clear of the majority of mid- and small-cap shares. The logic is that larger business remain in the best position to withstand a downturn; and whenever the market recuperates, blue chips are the very first to rebound. However, there are some mid- and small-cap business that are better equipped than
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Safety also in stock, Dmart maps new ways to supply your needs
ET Intelligence Group: The Covid-19 lockdown has put supermarket chains under the spotlight — who can forget the numerous social media forwards of empty shelves and panic buying of toilet-paper rolls in Europe’s richer neighbourhoods?

The pandemic is stretching chains as they gasp to keep up with frenetic buying by consumers. They must restock

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Trending stocks: HDFC stock price gains 1% in early trade
NEW DELHI: Shares of Housing Development Finance Corporation traded 0.91 per cent up in Wednesday 's trade at 09:40AM (IST).

Around 1302142 shares changed hands on the counter. The stock opened at Rs 1708.5 and touched an intraday high and low of Rs 1710.0 and Rs 1661.1 , respectively, in the session so far.

The stock quoted a 52-week high of Rs

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ET Intelligence Group: A sharp fall in quality stocks in March attracted domestic institutional investors (DIIs), including pension funds and bank treasuries. Their possessions under management (AUM) grew by 6% and 48%, respectively, by the end of the month even as the overall institutional AUM fell 22%, according to data put together by ETIG from NSDL. The e.
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Most MPC members favoured 75 bps rate cut, show minutes
Mumbai: The Reserve Bank of India’s representatives in the Monetary Policy Committee were near unanimous in voting for a 75 basis points reduction in interest rates as the Covid-19 impact on economy and financial markets could be enormous. They also signalled that the central bank could deploy many tools at its disposal beyond interest rates to
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Trending stocks: CEAT stock up 2.52% in early trade
NEW DELHI: Shares of CEAT traded 2.52 per cent up in Wednesday's trade at 09:43 am. Around 10,911 shares changed hands on the counter. The stock opened at Rs 790.9 and touched an intraday high and low of Rs 805.0 and Rs 785.1, respectively, in the session so far.

The company said it has partnered with three associations in transport business to

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Board Meetings Today: Wipro, Suzlon, Veeram Securities and Kansal Fibres

FEATURED FUNDS

Kotak Standard Multicap Fund Regular-Growth

★★★★★

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UBS downgrades Kotak Bank to sell, slashes target price
Mumbai: UBS has downgraded Kotak Mahindra Bank to ‘sell’ from ‘neutral’ and slashed target price to Rs 1,050 from Rs 1,500 as it believes the private sector lender’s valuation premium to its peers is at risk.

The brokerage has lowered loan growth estimate for the ongoing financial year to 6 per cent from 8 per cent earlier, given the management’s c

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Trending stocks: Wipro shares up 1% as Nifty surges
NEW DELHI: Shares of Wipro traded 0.79 per cent up in Wednesday 's trade at 09:32AM (IST).

Around 1472281 shares changed hands on the counter. The stock opened at Rs 190.05 and touched an intraday high and low of Rs 193.6 and Rs 188.0 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 301.6 and a 52-week low of Rs 161.8

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Hold ONGC, target price Rs 66: ICICI Securities
ICICI Securities has given a hold rating to Oil And Natural Gas Corporation (ONGC) with a target price of Rs 66.

The brokerage says global supply surplus in April 2020 may be as high as 29.7m b/d due to double whammy of demand collapse and output increase by Saudi Arabia, UAE and Kuwait; Opec Plus output cuts will start only in May’20. However, r

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Neutral on Godrej Consumer Products, target price Rs 620: Motilal Oswal
Motilal Oswal has a neutral rating on Godrej Consumer Products with a target price of Rs 620. The stock ended down 6.4 per cent at Rs 557.25 on Monday while the BSE Sensex closed -469.60 points down (-1.51 per cent) at 30,690.02.

Godrej Consumer Products Ltd., incorporated in 2000, has a market cap of Rs 56968.58 crore.

Investment RationaleApart

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Trending stocks: Hindalco Industries share price jumps 6%
NEW DELHI: Shares of Hindalco Industries traded 6.2 per cent up in Wednesday 's trade at 09:27AM (IST).

Around 9509404 shares changed hands on the counter. The stock opened at Rs 120.0 and touched an intraday high and low of Rs 124.0 and Rs 116.7 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 259.75 and a 52-week

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Sell Bata India, target price Rs 1,100: Suruchi Kapoor

FEATURED FUNDS

Kotak Standard Multicap Fund Regular-Growth

★★★★★

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PE cos, realtors may allow deferral of rent for offices
Mumbai: India’s largest office space owner Blackstone has held discussions with its largest builder partners, including the Embassy Group, RMZ and Salarpuria developers, to create a strategy for tenants that are either seeking deferral in rent payments or invoking force majeure clauses, three people familiar with the development said.

Other

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Trending stocks: Shares of GSK Pharma gain 4%
NEW DELHI: Shares of GSK Pharma traded 3.88 per cent up in Wednesday's trade at 09:35 am. Around 34,773 shares changed hands on the counter. The stock opened at Rs 1544.0 and touched an intraday high and low of Rs 1544.0 and Rs 1490.05, respectively, in the session so far.

Pharma majors Sanofi and GSK said they have joined hands to develop a

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Indian firms with overseas debt afraid of losing the plot
Mumbai: Invocation of offshore guarantees given by Indian companies, pressure from overseas lenders, and takeover attempts by deep pocketed foreigners amid plummeting stock and asset prices are among the concerns creeping in as Covid-19 continues to impact business and life.

Indian companies offer guarantees to secure contracts and lower borrowing

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Itsafety first as funds buy low beta, high dividend yield stocks during selloffItsafety first as funds buy low beta, high dividend yield stocks during selloffItsafety first as funds buy low beta, high dividend yield stocks during selloff
Itsafety first as funds buy low beta, high dividend yield stocks during selloff
Fund managers opted for safety and predictability in their stock pickings in March when the Sensex and Nifty dropped 23%. They bought shares of companies with relatively low beta, fairly good dividend yield, good market share in their business and strong backing of the government, which lowers the probability of default on payments. Their top
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Trending stocks: Sanofi India shares climb 3.6% in early trade
NEW DELHI: Shares of Sanofi India traded 3.6 per cent up in Wednesday's trade at 09:21 am. Around 4,660 shares changed hands on the counter. The stock opened at Rs 7650.0 and touched an intraday high and low of Rs 7650.0 and Rs 7439.95, respectively, in the session so far.

Pharma majors Sanofi and GSK said they have joined hands to develop a

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SBI Cards tanks 15% after anchor investors& lock-in ends
India’s second largest credit card issuer SBI Cards and Payment Services tanked 15% on Monday after the 30-day lock-in for anchor investors — institutions which are offered some shares in the initial public offering — ended. With this fall to Rs 505.60, SBI Cards shares have fallen 30% from its issue price of Rs 755 per share, and are trading at
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Buy PVR, target price Rs 1,625: Kotak Institutional Equities
Kotak Institutional Equities has retained buy rating on PVR and cut fair value to Rs 1,625 from Rs 1,800. The stock ended down 4.1 per cent at Rs 1,006.45 on Monday while the BSE Sensex closed -469.60 points down (-1.51 per cent) at 30,690.02.

PVR Ltd., incorporated in 1995, has a market cap of Rs 5166.34 crore.

Investment RationalePVR’s sole f

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Specialty chemical cos could be good bets as world looks beyond China to lower risk
Mumbai: The world’s factory had a near monopoly with chemicals, particularly specialty chemicals. But after the lockdown ends — both at home and at industry hubs across the Great Wall — chances are that Indian companies will benefit due to the decline in crude prices, a cheaper rupee, and the willingness of global buyers to look beyond China.

So,

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Growth in farm income augurs well for M M
ET Intelligence Group: Is Mahindra - Mahindra (M-M) a farm equipment maker or an automobile company? That’s a tricky question to answer, but one that points to M-M’s appeal as a de-risked and stable play in times as tough as these. By operating profit, farm equipment fills the till at M-M; so you wouldn’t be wrong in calling the mak
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Buy Greenlam Industries, target price Rs 754: ICICI Securities
ICICI Securities has upgraded Greenlam Industries to buy and revised target price to Rs 754 from Rs 1,024. The stock ended up 4.85 per cent at Rs 519 on Monday while the BSE Sensex closed -469.60 points down (-1.51 per cent) at 30,690.02.

Greenlam Industries Ltd., incorporated in 2013, has a market cap of Rs 1252.68 crore.

Investment Rationale

The

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