Sensex ends 97 pts lower amid geopolitical tensions, rise in Covid-19 cases

All that happened in the markets today

8:52 AM

Stocks to watch: HPCL, HDFC AMC, HCL Tech

HPCL: Hindustan Petroleum Corporation (HPCL) posted a consolidated loss before tax of Rs 2,653 crore for the fourth quarter of financial year 2019-20 compared to Rs 5,067 crore profit (before tax) during the same period in the previous year. This is because of inventory losses and exchange rate fluctuations.

 

HDFC AMC: Standard Life Investments, one of the promoters in HDFC Asset Management Company (AMC), is looking to offload upto 2.82 per cent stake in the company through offer for sale (OFS), which will be open on Wednesday and Thursday. READ MORE

8:49 AM

Gold prices jump to Rs 47, 540 per 10 gram; silver at Rs 47,870 per kg

Gold price jumped to Rs 47,540 from Rs 47,314 per 10 gram, while silver went up to Rs 47,870 from Rs 47,545 per kilogram on Wednesday, according to the Indian Bullion and Jewellers Association.

 

The prices of gold jewellery vary across India, which is the second-largest consumer of the metal, due to excise duty, state taxes, and making charges. READ MORE

8:44 AM

NEWS ALERT :: Asian Infra Investment Bank approves loan worth $750 mn to India for Covid-19

>> The Asian Infrastructure Investment Bank (AIIB) has approved a USD750-million loan to India to assist the government to strengthen its response to the adverse impacts of the COVID-19 pandemic on millions of poor and vulnerable households.

>> AIIB’s total sovereign loans to India that have already been approved amount to USD3.06 billion, including a recent USD500 million Covid-19 emergency response. The current loan will be the second for India under AIIB’s COVID-19 Crisis Recovery Facility (CRF), which was created as part of the coordinated international response to counter the pandemic, to support AIIB members’ urgent economic, financial, and public health needs and quick recovery from the crisis.

(Source: Official statement)

8:39 AM

Stock ideas by HDFC Securities

BUY ICICI LOMBARD GENERAL INSURANCE (Rs 1,379): | Target: Rs.1,480 | Stop-loss: Rs 1,320

 

The primary trend of the stock is bullish with higher tops and higher bottoms on the daily charts. Short-term moving averages are trading above medium to long-term moving averages. The stock has surpassed its 200 DMA resistance recently. Indicators and oscillators have been showing strength on the daily and weekly charts. READ MORE

8:34 AM

Bulk deals on NSE as on Tuesday

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8:32 AM

Bulk deals on BSE as on Tuesday

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8:29 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:27 AM

Rupee check

Source: Bloomberg

8:26 AM

Oil falls on rise in US crude stocks, virus resurgence fears

>> Oil prices retreated on Wednesday, weighed down by an increase in US crude inventories and worries about a potential second wave of the coronavirus pandemic.

>> Brent crude LCOc1 futures were down 40 cents, or 1.0%, at $40.56 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 59 cents, or 1.5%, to $37.79 a barrel.

(Source: Reuters)

8:20 AM

SGX Nifty hints at lower opening

>> At 8:19 am, the index was at 9,837 level, down 67 points or 0.68 per cent.

8:18 AM

Asia stocks given pause by virus surge, geopolitics

Source: Reuters

8:17 AM

Wall Street closes higher on signs of economic recovery

Source: Reuters

8:00 AM

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