Sensex slips 477 pts from day's high, ends 63 pts lower; IT stocks decline
All that happened in the markets today
9:02 AM
Market at Pre-open
9:00 AM
NEWS ALERT | China to strengthen policy adjustments, guide loan rates lower: PBOC Governor
>> China will strengthen its economic policy and counter-cyclical adjustments and continue to push to lower interest rates on loans, central bank Governor Yi Gang said.
>> Yi, in an interview published by the central bank on Tuesday, said China’s economic fundamentals are unchanged despite many uncertainties and reiterated that the central bank’s prudent monetary policy will be more flexible.
(As reported by Reuters)
>> Yi, in an interview published by the central bank on Tuesday, said China’s economic fundamentals are unchanged despite many uncertainties and reiterated that the central bank’s prudent monetary policy will be more flexible.
(As reported by Reuters)
8:56 AM
India first quarter GDP growth likely to be weakest since 2012: Poll
>> India’s economy is likely to have expanded at its slowest pace in at least eight years in the January-March quarter, partly as a result of the coronavirus clampdown, a Reuters poll predicted.
>> The poll of 52 economists, taken May 20-25, indicated India’s economy grew at 2.1% in the March quarter from a year ago, its weakest since comparable records began in early 2012, and sharply slower than 4.7% in the prior three months.
>> The poll of 52 economists, taken May 20-25, indicated India’s economy grew at 2.1% in the March quarter from a year ago, its weakest since comparable records began in early 2012, and sharply slower than 4.7% in the prior three months.
>> Forecasts for gross domestic product (GDP) data, due to be released on May 29 at 1200 GMT, ranged between +4.5% and -1.5%, underscoring the widespread uncertainty on the impact of the coronavirus on the economy at that stage.
8:53 AM
Stocks to watch: Avenue Supermarts, Bharti Airtel, IDFC First Bk, HDFC, ITC
Here's a look at the stocks that may trade actively in today's trading session -
Earnings today: A total of 19 companies including Deepak Nitrite, Max Financial and Torrent Pharma are scheduled to announce their March quarter results.
Bharti Airtel: Bharti Telecom, promoter of Bharti Airtel, is expected to raise $1 billion, or more than Rs 7,600 crore, by selling a small stake in the telecom giant. The sale is expected to be through block deals on Tuesday on the stock exchanges, and is essentially to pare the promoter’s debt. READ MORE
8:46 AM
The sale is expected to be through block deals on Tuesday on the stock exchanges, and is essentially to pare the promoter’s debt. READ MORE
Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals
Bharti Telecom, promoter of Bharti Airtel, is expected to raise $1 billion, or more than Rs 7,600 crore, by selling a small stake in the telecom giant.
The sale is expected to be through block deals on Tuesday on the stock exchanges, and is essentially to pare the promoter’s debt. READ MORE
8:43 AM
Banking counters holding Nifty back: Sameet Chavan of Angel Broking
Nifty holds 9000 despite some hiccups
We had a positive start last week, citing the cheerful mood in Asian markets and a good bump up in Dow Futures early in the morning. However, it was merely a formality as we saw markets taking a complete nosedive in initial trades. Within a blink of an eye, we not only broke the sheet anchor of 9,000 but also hastened towards the 8,800 mark. After seeing such a knock, markets recovered gradually throughout the remaining part of the week. However, due to some sell off post the ad hoc press conference by RBI on Friday, markets came off a bit from the morning highs. Fortunately, the damage at the close was not so big and hence, Nifty concluded the week with a marginal cut of a percent. READ MORE
8:41 AM
Nifty's major support at 9,000 for weekly expiry: Gaurav Garg of CapitalVia
Indices failed to move higher despite Repo Rate reduction of 40 bps; Nifty defends 9,000
Markets traded on Friday in a range and with weakness. Sell-off was witnessed in financial and banking stocks. But, the Nifty managed to somehow defend the 9,000-mark. Nifty managed to close at 9,039.25, slashing 67 points. IT, media and pharma indices closed on a positive note, but financial services and banking stocks closed in the red mark. Nifty bank closed at 17,278.20, slashing 456.20 points from the previous day’s closing. READ MORE
8:36 AM
Bulk deals on BSE as on Friday
8:34 AM
FII/FPI & DII trading activity on NSE, BSE and MSEI
8:33 AM
Rupee check
Alert: Rupee as on Friday
Source: Bloomberg
Source: Bloomberg
8:29 AM
Oil climbs as suppliers stick to output cuts, coronavirus lockdowns ease
>> Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world.
>> US West Texas Intermediate (WTI) crude futures gained 2.3%, or 75 cents, to $34.00. Meanwhile, Brent crude futures inched up 0.7%, or 23 cents to $35.76.
(Via Reuters)
(Via Reuters)
8:26 AM
SGX Nifty update
>> At 8:24 am, the index was at 9,130.50 level, up nearly 90 points from Friday's close of 9,039.
8:21 AM
Japan shares hit 10-week peak, S&P 500 tests 3,000
Source: Reuters
8:19 AM
Wall Street ends mixed on Friday as China-U.S. tensions weigh
Wall Street had been shut on Monday, while E-Mini futures for the S&P 500 were up just over 1 per cent early today.
Source: Reuters
Source: Reuters
Topics : Markets HDFC Bharti Airtel YES Bank MARKET WRAP
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First Published: May 26 2020 | 7:15 AM IST