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Mumbai: India’s top listed companies may post a sharp fall in revenue and profit for the fourth quarter of FY20 due to largescale shutdown of factories, offices and public places in the second half of March.

Revenue for Nifty50 firms, which include some of India Inc’s biggest companies, may fall 8% while net profit is expected to slide 21.4%. An a

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Trending stocks: Jindal Steel Power shares slump 7%
NEW DELHI: Shares of Jindal Steel - Power Ltd. traded 6.6 per cent down in Monday 's trade at 10:29AM (IST).

Around 9319092 shares changed hands on the counter. The stock opened at Rs 92.0 and touched an intraday high and low of Rs 93.25 and Rs 84.5 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 201.2 and a

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Covid count, inflation data, stimulus hopes among key factors that may drive market this week
NEW DELHI: After the rally last week, which was driven by global cues, local events may take centre stage this week, as coronavirus cases race towards 10,000 mark despite strict lockdown measures.

There are hopes of an economic stimulus package, and any announcement on that front may have an impact on Dalal Street. Along with that, inflation number

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Dow, S P 500 slide as focus shifts to earnings; Nasdaq gains
NEW YORK: The Dow and S-P 500 fell on Monday as U.S. companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher.

Stocks pared losses late in the day, with the Nasdaq registering its first three-day streak of gains since Feb. 12. Amazon.com

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Trending stocks: Ansal Properties share price rises 2%
NEW DELHI: Shares of Ansal Properties - Infrastructure Ltd. traded 2.53 per cent up in Monday 's trade at 10:22AM (IST). Around 7465 shares changed hands on the counter. The stock opened at Rs 3.95 and touched an intraday high and low of Rs 4.05 and Rs 3.8 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 14.95 and

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Lenders invoke shares of Essel group firms Dish TV, Siti Cable, Zee Learn
NEW DELHI: Lenders have invoked pledged share of several Subhash Chandra-led Essel group entities, including Zee Media Corporation, Dish TV, Siti cable and Zee Learn.

IDBI Trusteeship Services Limited (ITSL) and Vistra ITCL, who were acting on behalf of lenders, have invoked pledged shares.

According to regulatory filings, ITSL has invoked 5.26

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Trending stocks: TCS shares flat as Nifty plunges
NEW DELHI: Shares of Tata Consultancy Services traded 0.38 per cent down in Monday 's trade at 10:54AM (IST). Around 1136851 shares changed hands on the counter. The stock opened at Rs 1761.0 and touched an intraday high and low of Rs 1787.0 and Rs 1746.0 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 2296.2 and a

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Trending stocks: Dish TV shares jump 4% in early session
NEW DELHI: Shares of Dish TV India traded 4.26 per cent up in Monday 's trade at 10:15AM (IST).

Around 508521 shares changed hands on the counter. The stock opened at Rs 4.9 and touched an intraday high and low of Rs 4.9 and Rs 4.9 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 59.65 and a 52-week low of Rs 3.9 .

Le

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It'll take India 9 months to come out of virus crisis: Deepak Parekh
Deepak Parekh has dubbed the current crisis a human economic financial (HEF) crisis, completely different from the Global Financial Crisis of 2008, and said it would take at least nine months to recover fully from it.

In a webinar on Friday, the chairman of HDFC recommended that India’s financial sector should be strong or else economy will c

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Kotak Mahindra Bank cracks 3% UBS downgrades stock to ‘Sell&
Shares of Kotak Mahindra Bank declined over 3 per cent after UBS downgraded the stock to ‘Sell’, citing rising business risk and slowing loan growth.

The brokerage firm also slashed its 12-month target price to Rs 1,050 from Rs 1,500 earlier.

The scrip traded 3.33 per cent down at Rs 1,234 at around 9.50 am (IST), while the benchmark BSE Sensex

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Trending stocks: PNB shares down 2% in early trade
NEW DELHI: Shares of Punjab National Bank traded 2.39 per cent down in Monday's trade at 10:09AM (IST).

Around 5108660 shares changed hands on the counter. The stock opened at Rs 31.75 and touched an intraday high and low of Rs 31.75 and Rs 30.3 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 99.9 and a 52-week low of

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World Bank's Malpass upbeat on prospects for progress on debt relief
WASHINGTON: World Bank Group President David Malpass on Friday said he was confident of progress on his joint call with the International Monetary Fund for a temporary standstill in official bilateral debt payments by the world’s poorest countries.

Malpass said the proposal would be discussed next week by finance officials of both the Group of

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Trending stocks: Tata Consumer Products share price flat in early trade
NEW DELHI: Shares of Tata Consumer Products traded 0.08 per cent down in Monday 's trade at 10:48AM (IST).

Around 898151 shares changed hands on the counter. The stock opened at Rs 315.0 and touched an intraday high and low of Rs 315.0 and Rs 303.05 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 407.25 and a 52-week

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RIL, HDFC twins drag Sensex 650 points lower; Nifty below 9,000
NEW DELHI: Domestic indices opened lower in Monday's trade amid rising coronavirus cases and as India prepared to extend the lockdown which has crippled businesses across the country. Global market cues too remained weak, weighing on investor sentiment.

A few state governments have already extended the lockdown till the end of the month after

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Everything is awful. So why is the stock market booming?
What on earth is the stock market doing?

Death and despair are all around. The number of people filing for unemployment benefits each of the last two weeks was about 10 times the previous record — and is probably being artificially held back by overloaded government systems. Vast swaths of American business are shuttered indefinitely. The economic

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Sell Torrent Pharma, target price Rs 1,980: JM Financial
JM Financial has given a sell rating to Torrent Pharmaceuticals with a target price of Rs 1,980 over 12 months.

Torrent Pharma has outperformed peers in terms of earnings and stock price performance over the last 2 years. Torrent’s strong domestic performance has come on the back of successful integration of Unichem brands and significant price h

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Trending stocks: DHFL stock falls 1%
NEW DELHI: Shares of Dewan Housing Finance Corporation traded 0.96 per cent down in Monday's trade at 10:29 am. Around 13,67,469 shares changed hands on the counter. The stock opened at Rs 10.8 and touched an intraday high and low of Rs 10.9 and Rs 9.9, respectively, in the session so far.

The legal firm representing DHFL's promoters Kapil and

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After adverse closing for a number of weeks, the Indian equity market ultimately snapped its losing streak throughout trimmed week gone by as it finally finished with gains. In our previous regular note, we had unconditionally stated the possibility of a sharp technical pullback regardless of the continuous unpredictabilities as a result of the Covid-19 crisis. While trading o.
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Trending stocks: Karnataka Bank stock price down 2%
NEW DELHI: Shares of Karnataka Bank traded 2.25 per cent down in Monday 's trade at 10:41AM (IST).

Around 176983 shares changed hands on the counter. The stock opened at Rs 44.5 and touched an intraday high and low of Rs 44.5 and Rs 42.55 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 141.25 and a 52-week low of Rs

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Trending stocks: IndusInd Bank shares fall 3% as Nifty plunges

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V-shaped or U-shaped? Some economists upbeat on virus recovery
WASHINGTON: The coronavirus pandemic has hit like a worldwide hurricane, shutting activity in most economies simultaneously, but some forecasters are more optimistic about the prospects for recovery once the worst has past.

International Monetary Fund chief Kristalina Georgieva has called it the worst crisis since the Great Depression a century

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Dalal Street’s top alpha chasers managing money for the wealthy got cleaned-bowled in the March bears hammering.

None of the top portfolio management schemes (PMSes) managed to generate positive returns for the month, the best being a negative (-)3 per cent, data of 141 of these products showed.

Equity benchmark Nifty tanked 23 per cent for the

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World Bank forecasts worst economic slump in South Asia in 40 years
NEW DELHI: India and other South Asian countries are likely to record their worst growth performance in four decades this year due to the coronavirus outbreak, the World Bank said on Sunday.

The South Asian region, comprising eight countries, is likely to show economic growth of 1.8% to 2.8% this year, the World Bank said in its South Asia

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Ready to help India in dealing with Covid stress if asked, says Raghuram Rajan
A straightforward yes is what former RBI governor Raghuram Rajan told a private news channel on being asked if he would return to India if his expertise was required for a strategy against the pandemic.

Rajan, 57, who was the RBI governor for three years until September 2016, is currently working as a professor at the prestigious University of

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Trending stocks: GAIL India shares slip 3% in early trade
NEW DELHI: Shares of GAIL (India) traded 2.96 per cent down in Monday 's trade at 10:35AM (IST).

Around 3119522 shares changed hands on the counter. The stock opened at Rs 88.7 and touched an intraday high and low of Rs 89.4 and Rs 83.8 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 193.38 and a 52-week low of Rs

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Top 10 firms add over Rs 4 lakh crore to m-cap; RIL shines
NEW DELHI: The 10 most valued domestic firms together added a whopping Rs 4,04,068.05 crore in market valuation last week, with RIL and HDFC Bank leading the gains.

During the last holiday-shortened week, the Sensex rallied 3,568.67 points or 12.93 per cent.

The market capitalisation of Reliance Industries Limited zoomed Rs 89,383.67 crore to Rs

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By DK AggarwalHistory does repeat itself. The utilities companies are doing well, as they did during the Global Financial Crisis (GFC). During the 2008 financial crisis, they stood out from the mangled debris. Business models of the utilities companies have assured revenues and offer strong dividend yields too. The industry is continuing on a path
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Bandhan Bank FY20 deposits rise 32% to Rs 50,073 cr
NEW DELHI: Bandhan Bank on Monday said its total deposits grew by 32 per cent to Rs 50,073 crore during the fiscal ended March 2020. The bank had total deposits of Rs 43,232 crore as at end of March 2019.

The retail deposits formed bulk of the total deposits at 78.4 per cent, which showed an increase of 34 per cent to Rs 44,760 crore as on March

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View: Covid crisis a 100-year chance to shake up debt and taxes
By Andy MukherjeeFor 100 years now, capitalism has had a pro-leverage bias. Unlike dividends, which are paid only after the state has taken its share of earnings, interest is deducted from pretax profit, shrinking the pie available to the government. This accounting oddity, which treats debt capital more favorably than equity, has driven the
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Beware! Bear market rallies can surprise you anytime, play safe
The domestic equities market opened this past week with the bulls marching with all their might. The equity indices jumped significantly, taking cues from their global peers, mainly from the US bourses. Confidence returned on reduction in the number of daily Covid cases in some countries. Sentiments are changing from ultra-pessimistic to mildly
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