MARKET WRAP: Sensex surges 1,266 pts, Nifty ends at 9,112; auto stocks jump
All that happened in the markets today.
 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (")
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (
8:52 AM
BROKERAGE RADAR :: JPMorgan on Metals
>> Expects base metal prices to bottom in June quarter
>> From current levels, prices are epxected to rise 20-35% in H1CY21
>> Investors need to track FY22 earnings forecast
>> Near-term earnings likely to be very weak
>> From current levels, prices are epxected to rise 20-35% in H1CY21
>> Investors need to track FY22 earnings forecast
>> Near-term earnings likely to be very weak
8:48 AM
BROKERAGE VIEW :: JPMorgan on Hindalco
Maintains overweight | TP: Rs 170
>> Divestment value at 310 Euros implies 7x trailing EV/EBITDA is a positive suprise
>> Aleris acquisition in the current environment may be earnings dilutive in the short term
>> Ascribe a negative equity value of Rs 30/sh for the Aleris transaction
>> Divestment value at 310 Euros implies 7x trailing EV/EBITDA is a positive suprise
>> Aleris acquisition in the current environment may be earnings dilutive in the short term
>> Ascribe a negative equity value of Rs 30/sh for the Aleris transaction
8:33 AM
CORONAVIRUS UPDATE :: Total cases in India rise to 5,734: Govt
8:29 AM
Nifty outlook & top trading ideas by CapitalVia Global Research
Markets witnessed profit booking at higher level; Nifty facing stiff resistance at 9,000
Market traded with negative sentiments in the second half of Wednesday's session due to weaker global cues, which triggered selling pressure in broader indices. Nifty managed to close at 8,748.75, slashing 43.45 points. Pharma, Automobile and media sectors traded with positive sentiments whereas reality, technology sector closed in the red. Nifty bank closed at 18,946.50, down 173.25 points from the previous day’s closing. READ MORE
8:22 AM
FII/FPI & DII trading activity on NSE, BSE and MSEI
8:20 AM
Rupee check
Source: Bloomberg
8:17 AM
Crude futures climb ahead of OPEC+ meeting
>> Crude futures rose on Thursday on expectations the world’s largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with the coronavirus-driven collapse in global oil demand.
>> Brent crude futures rose 2.5%, or 81 cents, to $33.65 after touching a high of $33.90, adding to gains in the previous session.
>> Brent crude futures rose 2.5%, or 81 cents, to $33.65 after touching a high of $33.90, adding to gains in the previous session.
>> U.S. West Texas Intermediate (WTI) crude CLc1 futures were up 4.3%, or $1.08, at $26.17, having climbed as much as 6%.
8:11 AM
SGX Nifty indicates positive start for Indian markets
>> At 8:09 am, the index was at 8,890.80 level, up 140 points or 1.6 per cent.
8:06 AM
Asian shares trade cautiously
Source: Reuters
8:02 AM
Wall Street rallies on hopeful coronavirus signs
Source: Reuters
7:42 AM
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Topics : Coronavirus Markets MARKET WRAP
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First Published: Apr 09 2020 | 7:27 AM IST
