F&O expiry: Mkts end flat after a choppy session; Nifty settles at 10,289

All that happened in the markets today

12:45 PM

IIFL Finance shares frozen at 10% upper circuit as promoter hikes stake

On Wednesday, Nirmal Jain bought an additional 454,000 equity shares of IIFL Finance for Rs 3.40 crore, according to disclosure made by the company to stock exchange. Post transaction, Jain's stake in IIFL Finance increased to 12.61 per cent from 12.49 per cent, it said. READ MORE

12:36 PM

Changes and challenges for automakers as India eases coronavirus lockdown

The Society of Indian Automobile Manufacturers (SIAM) estimated in April, a month into the lockdown, a revenue loss to the tune of Rs 69,000 crore for the industry. Things are looking up since then. German carmaker Volkswagen's India unit resumed production a few weeks ago, but if the booking trend continues the sale of it sub Rs 4-lakh passenger car Polo in June should hit 50-60 per cent of the volumes before the coronavirus outbreak. READ MORE

12:26 PM

Despite encouraging signs, steel makers not out of the woods yet

Stocks of domestic steel companies such as Tata Steel, JSW Steel, Steel Authority of India (SAIL) and Jindal Steel and Power (JSPL) have surged 24-134 per cent from lows seen in early April. While resumption of economic activities in the country post easing of lockdown has improved sentiment, the rebound in Chinese demand too is encouraging. READ MORE

12:18 PM

NEWS ALERT | Aditya Birla Fashion to allot 9 partly-paid shares for every 77 existing fully-paid shares: Exchange filing

-- AB Fashion sets July 1 as record date for determining eligible shareholders

12:13 PM

Here's how you can identify entry and exit points in trading for max profit

The entry and exit levels play a crucial role in the success of a trade. And as such, no trading strategy can be built without a proper entry and exit model. To ascertain these crucial points, one needs to be well-versed with all the tools, indicators, and time frames of technical analysis so that one can develop his/her own remote model that should be able to achieve over 80 per cent accuracy. READ MORE

12:01 PM

MARKET UPDATE:: Sensex trades with slight cut in a choppy session

11:52 AM

ICICI Bank, SBI, BoB: How to trade bank stocks in this volatile market

Banking stocks have been highly volatile over the last few sessions. On Wednesday, Nifty Bank tumbled 838 points or 3.76 per cent to end at 21,427 levels while Nifty Private Bank index declined 4 per cent to 11,739.45 points. On Thursday, however, most banking stocks were trading in the green. READ MORE

11:41 AM

A fresh round of selling cannot be ruled out: Harshad Patil, Tata AIA Life

There could also be the emergence of the second wave of the Covid-19 pandemic globally, which may trigger a fresh round of selling. That said, the markets believe that both India and China would look to de-escalate the geo-political tension through a process of dialogue and undertake meaningful steps to prevent any escalation. READ MORE

11:32 AM

Broader market check :: Mid, small-caps perform better than benchmarks

11:25 AM

Recovery from intra-day lows in today's session

COMPANY	DAY'S LOW(RS)	DAY'S HIGH(RS)	LATEST(RS)	RISE(%)
BRIGADE ENTERPR.	120.25	146.00	144.70	20.33
DISHMAN CARBOGEN	116.65	131.55	131.55	12.77
INDIABULLS HOUS.	197.75	223.60	220.80	11.66
IIFL FINANCE	72.95	81.10	81.10	11.17

11:19 AM

Majority of Indian investors trust domestic financial markets: Survey

A survey has showed that a majority of investors in India trust the financial services industry, putting the country at the top of the list of the 15 surveyed markets.

 

The 'Trust Survey' conducted by CFA Institute polled 3,525 retail investors and 921 institutional investors in October and November last year. READ MORE

11:12 AM

GAIL (India) rallies 8% in two days on strong March quarter results

Shares of GAIL (India) were up 5.5 per cent to Rs 106.90 on the BSE on Thursday, surging 8 per cent in the past two trading days after the company reported a 47 per cent year-on-year (y-o-y) growth in profit before tax (PBT) at Rs 2,556 crore for the quarter ended March 2020 (Q4FY20). EBITDA (earnings before interest, taxes, depreciation, and amortisation) came in at Rs 2,475 crore, up 47 per cent YoY due to better profitability from gas transmission and gas trading segments. READ MORE

10:59 AM

Faster recovery in rural areas, cheaper oil augur well for paint firms

The March 2020 quarter (Q4) results of decorative paint majors — Asian Paints and Berger Paints — announced on Tuesday after market hours gave hopes to investors, and rubbed off well on all paint stocks on Wednesday. Shares of Asian Paints, Berger Paints, and Kansai Nerolac gained between 3.7 and 7 per cent, even as the Sensex fell 1.5 per cent on Wednesday. READ MORE

10:50 AM

Canara Bank slips over 6% as net loss widens to Rs 3,529 crore in Q4

The bank's pre-tax loss came in at Rs 3,334.5 crore for the fourth quarter on a decline in net interest income and higher employee costs. However, income on a standalone basis during the quarter rose to Rs 14,222.39 crore, compared with Rs 14,000.43 crore in the year-ago period, Canara Bank said in a regulatory filing. READ MORE

10:45 AM

BROKERAGE VIEW:: ICICI Securities on Balrampur Chini

Balrampur Chini is the most efficient company in sugar industry with optimum distillery & power capacities, low working capital debt requirement & strong cash flows. Given the sustainable earnings & cash flow generation, we believe working capital debt to further come down by ~| 560 crore in next two years. The company has been continuously paying out 35-40% through dividend & buybacks. With no further capex requirement, the pay-out can also increase in future. We value the stock 1.4x FY21E price to book with target price of Rs 176 / share and maintain our BUY recommendation.