- Markets Live: Sensex falls 400 points as RBI says FY21 GDP growth to be in negative territory
- Nifty Bank down 3%; all stocks trading in the red. Bandhan Bank, ICICI Bank, Axis Bank, Federal Bank down 5% each
Banks drag Sensex 260 pts lower as RBI disappoints, Nifty ends below 9,050; Axis Bank tanks 5%, M&M jumps 4%
CLOSING BELL: Banks drag Sensex 260 pts lower as RBI disappoints, Nifty ends below 9,050; Axis Bank tanks 5%, M&M jumps 4%
- 18 of 30 Sensex stocks end the day in the red
- Banks and NBFCs drag the market lower.
- Index contributors: HDFC, ICICI Bank, HDFC Bank, Axis Bank, RIL
- Top Index losers: Axis Bank (5.32%), HDFC (5.03%), Bajaj Fin (4.50%)
- Top Index gainers: M&M (4.30%), Infosys (2.98%), Asian Paints (2.60%)
- S&P BSE Financebiggest sectoral loser, down 3%
- S&P BSE Information Technology biggest sectoral gainer, up 1.68%
- Volume toppers: Bajaj Fin, HDFC, SBI, RIL, HDFC Bank
Bonds rally after RBI announces emergency rate cut
- Sovereign bonds in India rallied after the central bank cut its benchmark policy rate in an emergency session as the economy reeled from the corona virus outbreak.
- The yield on the most-traded 2029 bonds fell 12 basis points to 5.91% as of 11:30 a.m. in Mumbai, while that on the new 10-year notes dropped seven basis points. The rupee weakened and stocks reversed gains to halt a three-day rally ahead of a long weekend.
>>Foreign ownership of top stocks lowest since Dec 2013
Promoters’ ownership in BSE 500 stocks, however, has risen to a record high of 44 per cent at the end of March, while governments’ share touched another all-time low of 6.6 per cent. Domestic institutional and retail ownership remained unchanged at 14 per cent.
- RBI Rate cut by 40 basis points;* ● Repo at 4 % ● Reverse repo at 3.35 % ◆ MPC Voted in favour by 5:1 ● Moratorium period extended for additional 3 months. ● Banks can give loan to one group up-to 30 % of their networth, compared to 25 % earlier
- Sensex down over 400 points, Nifty below 9,000; banks and NBFCs lead the market fall. Here are the top scrips dragging the 30-pack Sensex down
- Rupee down 17 paise against the US dollar. This is how the currency has performed against the greenback in the last 3 months
- Metal stocks fall, S&P BSE METAL down over 2%. Here are the top index laggards
- Banks didn’t get any relief from @RBI. View remains negative.
>>Reserve Bank ने ब्याज दरों में की कटौती।
- Nifty bank has key immediate support around 17390 Longs should keep stop here On a bounce 18200 is a resistance Nifty bank looks weak as of now If RBI governor throws a surprise 18800 can be seen
- RBI Governor Live: Sensex falls 300 points as RBI says FY21 GDP growth to be in negative territory
- S&P BSE BANKEX biggest sectoral loser, down about 2%. This is how the index stocks are doing
- GDP growth for FY21 is seen to be in the negative territory: Shaktikanta Das, RBI Guv
- All BSE sectoral indices except S&P BSE TECK trading in the red
- Sensex moves after RBI delivered a surprise 40 bps rate cut
- The RBI Governor Shaktikanta Das on Friday announced a 40 basis points surprise repo rate cut while maintaining an accommodative stance. The repo rate now stands at 4 per cent from 4.4 per cent earlier. The reverse repo rate has been reduced by a similar basis points to 3.35 per cent from 3.75 per cent earlier.
- RBI cuts repo rate by 40 bps to 4%, maintains accommodative stance
- OPENING BELL: Sensex sheds 170 points, Nifty slips below 9,050; Quess Corp rises 5%, Bandhan Bank falls 4%
- Indian Market Pre-open session: Sensex flat ahead of RBI address, Nifty stays above 9,100
- US Dow Vs Nifty on Monthly Chart…. * Dow above 50 MEMA and attempting to cross April highs.* Nifty this week low 8812 was 100 MEMA. Trade light on index major curves coming
- PONNI SUGAR Impact of Covid-19 Says, Sugar prices have declined by Rs.150-200, qtl under bearish pressures During few months (Lockdown) The temporary closure and restart of factory pushed our tail end crushing to summer months, depressing sugar recovery.
- Bandhan Bank Cyclone Amphan update Says: The business of around 65,000 of our micro banking borrowers, amounting to an exposure of approximately Rs.260 crore, could be impacted due to the cyclone.
- Jio Platforms has raised ₹ 78,562 Cr from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners, General Atlantic and KKR in one month
- RelJio Investments Dateline Facebook – 9.9% stake : 43574cr April 22 Silver Lake – 1.15% stake 5656 cr May 4 Vista Equity Partners – 2.32% 11367cr May 9th General Atlantic – 1.34% 6600cr May 18 KKR -2.32% 11367cr 22 May
- KKR to invest ₹ 11,367 Cr in Jio Platforms -This investment of ₹11,367 Cr will be for a 2.32% equity stake -This is KKR’s largest investment in Asia
- CLSA On Colgate Downgrade To Underperform From Buy, Target Cut To `1,375 From `1,670/Sh Weak Q4, Market Share Pressure Imminent Over Near Term At 41x PE For FY22, Stock Valuation Looks Full & Offers Little Room For Upside Cut FY21-22 Earnings Estimates By 11-12%
- Jefferies On Strides Pharma Retain Buy Call, Target At `500/Sh While Ranitidine Ban Is A Negative, We Are +ve On Rest Of The Pipeline Margin & Revenue Trajectory To Remain Strong US Ramp-up & Strong Growth In Developed Mkts Will Lead Margin & Revenue
- 1 महीने में Jio Platforms में 5वां बड़ा निवेश, Jio Platforms में ₹11,367 Cr निवेश करेगा KKR
- As govt plans to extend anti dumping duty in import of carbon black. Carbon black used in rubber and tyre manufacturing. Stocks: Phillips carbon 5% UC Goa carbon 5% UC rain industries 20% UC himadri chem 10% UC
- As govt plans to extend anti dumping duty in import of carbon black. Carbon black used in rubber and tyre manufacturing. Circuit filters at Stocks: Phillips carbon 5% Goa carbon 5% rain industries 20% himadri chem 10%
- Global Market Dow slips 100 pt Asia weak as HongKong falls over 700 Pts China plans national security laws for Hong Kong China says it will not set a GDP target for 2020. US China tensions rise SGX nifty dn 46 Pts 9034
- SGX Nifty drops 34 points, hints at negative start for domestic market.
SGX Nifty signals negative start
Nifty futures on the Singapore Exchange traded 34.20 points, or 0.38 per cent lower at 9,032 in signs that Dalal Street was headed for a negative start on Friday.
Nifty Today resistance at 9,200 level
Nifty50 reclaimed the 9,100 level, but formed a bearish candle on the daily chart that resembled a ‘Shooting Star’ pattern. This, along with the fact that the index is facing strong resistance near 20- and 50-day moving averages, does not bode well for the bulls.
Global Market On 21/05/2020
Oil prices edge higher as virus curbs ease : Oil prices were on the rise on Friday, heading for a fourth straight week of gains, amid more evidence that fuel demand is recovering as countries ease business and social restrictions that were imposed to counter the corona virus pandemic. Brent crude was up 14 cents, or 0.4%, at $36.20 a barrel, after gaining nearly 1% on Thursday. The contract is heading for a jump of more than 10% for the week.
Hang Seng tanks 2%, Shanghai Composite edges lower : Hang Seng Index sank 2.15 percent, or 523.12 points, to 23,756.91. China’s benchmark Shanghai Composite Index eased 0.17 percent, or 4.88 points, to 2,863.05, while the Shenzhen Composite Index on the country’s second exchange slipped 0.11 percent, or 1.98 points, to 1,786.66.
Japan shares open flat, eyes on China : Tokyo shares opened nearly flat Friday after falls on Wall Street, with investors eyeing the opening of China’s National People’s Congress. The Nikkei 225 index rose 0.06 percent or 11.99 points to 20,564.30, while the broader Topix index added 0.02 percent or 0.37 points to 1,491.58.
US stocks settled lower : US stocks ended lower on Thursday as investors digested a slew of newly-released data. The Dow Jones Industrial Average fell 101.78 points, or 0.41 per cent, to 24,474.12. The S&P 500 was down 23.10 points, or 0.78 per cent, to 2,948.51. The Nasdaq Composite Index decreased 90.90 points, or 0.97 per cent, to 9,284.88.
Sensex, Nifty on 21/05/2020
Equity indices ticked higher for the third session on the trot on Thursday as investors accumulated FMCG, auto and IT stocks amid gradual reopening of the economy. After rallying over 370 points Intraday, the 30-share BSE Sensex settled 114.29 points or 0.37 per cent up at 30,932.90. Similarly, the broader NSE Nifty advanced 39.70 points, or 0.44 per cent, to 9,106.25.