MARKET WRAP: Stimulus package disappoints; Sensex plunges 1,069 pts

All that happened in the markets today

9:03 AM

Market at Pre-open

9:02 AM

Stocks to watch: RIL, Cipla, Coal India, Bharti Airtel, KNR Constructions

Here's a look at the top stocks that may remain in focus today -

 

Coal India: The Union government has opened up the mining sector in a big push for privatisation. Though non-coal minerals were available to the private sector, including foreign players, for bidding, private companies could take up coal blocks only if they had defined downstream projects where the mined coal could be used.

 

RIL: Reliance Industries (RIL) on Sunday announced selling 1.34 per cent stake in its digital services subsidiary, Jio Platforms, to private equity (PE) firm General Atlantic for Rs 6,598.38 crore to accelerate consumer business and cut debt. That apart, its rights issue will open on May 20. READ MORE

8:57 AM

Commodity picks: May 18, 2020

Maize

 

Maize is trading at Rs 1,179 per quintal in Gulabbagh. Prices are expected to trade lower towards Rs 1,150 - Rs 1,100 per quintal in a couple of weeks following new crop arrival pressure in Bihar and weak demand from poultry industry. READ MORE

8:51 AM

Nifty outlook and stock picks by Sameet Chavan of Angel Broking

Stimulus fails to excite, 9,000 a key support to watch

 

It was clearly a week of consolidation despite PM Modi announcing a gargantuan stimulus package of Rs 20 lakh crore. There was initial reaction seen at the opening on Wednesday; but did not have enough strength to buck the global trend. We kept sliding gradually throughout the remaining part of the week to eventually close with a cut of a per cent as compared to the previous weekly close. READ MORE

8:41 AM

Top stock picks by CapitalVia: Buy Adani Ports, Mannapuram Finance

Indices traded in range on Friday; Nifty finds critical support 9,050

 

Market opened gap-up on Friday but remained range bound, however, it did manage to cut majority of the intraday loss by the end of the day. Nifty managed to close at 9136.85, slashing 5.90 points. Media, PSU banks, and realty sector were among sector trading with negative sentiments, whereas Metal and FMCG sector closed in green mark. Nifty bank closed at 18,833.95, slashing 234.55 points from the previous day’s closing. READ MORE

8:37 AM

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

BUY RELIANCE INDS | CMP: 1,459.40 | TARGET: 1,700-1,750 | STOP LOSS: 1,300

 

The stock has corrected from the peak of 1,600 and is currently showing signs of reversal bottoming our near 1,415 levels and we anticipate a bounce back from hereon for further upward move in the coming days. With the RSI also improving, we suggest to buy and accumulate this stock for an upside positional target of 1,700-1,750, keeping the stop loss near 1,300. READ MORE

8:32 AM

Bulk deals on NSE as on Friday

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8:28 AM

Bulk deals on BSE as on Friday

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8:23 AM

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

8:20 AM

Rupee check

Source: Bloomberg

8:17 AM

Oil check

>> Oil prices reached their highest since March on a pick-up in demand as countries around the world eased travel restrictions.

 

Brent crude futures firmed 96 cents to $33.46 a barrel, while U.S. crude rose 98 cents to $30.41.

(Via Reuters)

8:13 AM

SGX Nifty indicates tepid start for indices

>> At 8:12 am, the index was at 9,083.75 level, down 41.25 points or 0.45 per cent

8:11 AM

Global Markets: Asia shares make cautious gains, oil jumps

Source: Reuters

8:08 AM

Wall Street ends up after swings on reopening hopes, weak data, trade woes

Source: Reuters

7:59 AM

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