Friday 31 July 2020

Sensex, Nifty rally 7% in July; more than 100 stocks in BSE500 rose 10-80%

Sensex, Nifty rally 7% in July; more than 100 stocks in BSE500 rose 10-80% Although broader market indices i.e. the SP BSE Small-cap index and the SP BSE Mid-cap index closed with gains of over 5 percent each but more than 100 stocks in the BSE500 index rallied 10-80% in July.

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Soybean likely to inch towards Rs 4,000 per quintal mark

Ajitesh Mullick Soybean planted area as per current data indicates a significant jump to 109 lakh hectare versus 79 lakh hectare area covered previous year corresponding period.

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Trump says he will #39;sign executive order as soon as Saturday to ban TikTok in the US#39;

Trump says he will #39;sign executive order as soon as Saturday to ban TikTok in the US#39; The move would be the culmination of US national security concerns over the safety of the personal data that TikTok handles.

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Coronavirus news: Prohibitory orders extended in Gautam Buddh Nagar till August 31

Coronavirus news: Prohibitory orders extended in Gautam Buddh Nagar till August 31 Political, social, sporting or religious congregations, protest rallies or processions will remain banned across Noida and Greater Noida during the period, the district police said

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COVID-19: Prohibitory orders extended in Gautam Buddh Nagar till Aug 31

COVID-19: Prohibitory orders extended in Gautam Buddh Nagar till Aug 31 Restrictions under Section 144 of the Criminal Procedure Code (CrPC), which bars assembly of more than four people, have been extended till August 31 in Uttar Pradesh's Gautam Buddh Nagar district, an official order stated on Friday.

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Odisha's COVID-19 caseload crosses 31,000-mark; death toll mounts to 177

Odisha's COVID-19 caseload crosses 31,000-mark; death toll mounts to 177 Odisha's COVID-19 caseload crossed the 31,000-mark on Friday with 1,499 more people testing positive for the infection, while eight more fatalities pushed the death toll due to the disease to 177 in the state, a health official said.

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DAILY VOICE | #39;Good time to raise weights in few good auto, cement stocks#39;

Nischal Maheshwari "We think after a substantial rally some amount of profit taking is healthy for the market, and the current selling by DIIs is profit booking only," Nischal Maheshwari, CEO – Institutional Equities at Centrum Broking, said.

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Odisha#39;s COVID-19 caseload crosses 31,000-mark; death toll mounts to 177

Odisha#39;s COVID-19 caseload crosses 31,000-mark; death toll mounts to 177 With an average 827 new cases being added to the tally every day in July, the virus count in the state now stands at 31,877

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International flights on August 1: Daily updates on arrivals, departures under Vande Bharat Mission

International flights on August 1: Daily updates on arrivals, departures under Vande Bharat Mission Check flights leaving for and from India to bring back stranded Indians.

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Heads up! Nifty portraying bearish outlook, may retest 10,500 in August series

Umesh Mehta The Nifty50 is portraying a bearish outlook and a decisive break below 11,000 can lead to a retest of 10,600 which is a possibility in a couple of weeks.

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Funding the way out of buy options to trade rise after rise: Shubham Agarwal

Shubham Agarwal Options are the ideal instrument to resort to in situations like today after the Nifty reversed 70% of the drop caused by COVID-19 and is still standing strong.

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Nasdaq surges on megacap earnings but US fiscal uncertainty nags

Nasdaq surges on megacap earnings but US fiscal uncertainty nags The Dow Jones Industrial Average rose 114.67 points, or 0.44%, to 26,428.32, the SP 500 gained 24.9 points, or 0.77%, to 3,271.12 and the Nasdaq Composite added 157.46 points, or 1.49%, to 10,745.28.

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Trump says US #39;may be banning#39; China-owned video app TikTok

Trump says US #39;may be banning#39; China-owned video app TikTok Trump#39;s comments came after published reports that the administration is planning to order China#39;s ByteDance to sell TikTok

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Three charged in massive Twitter hack, Bitcoin scam

Three charged in massive Twitter hack, Bitcoin scam In one of the most high-profile security breaches in recent years, hackers sent out bogus tweets on July 15 from the accounts of Barack Obama, Joe Biden, Mike Bloomberg and a number of tech billionaires

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3 charged in massive Twitter hack, Bitcoin scam

3 charged in massive Twitter hack, Bitcoin scam Miami, Aug 1 (AP) A British man, a Florida man and a Florida teen hacked the Twitter accounts of prominent politicians, celebrities and technology moguls to scam people around globe out of more than USD 100,000 in Bitcoin, authorities said Friday.

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Trump says US 'may be banning' China-owned video app TikTok

Trump says US 'may be banning' China-owned video app TikTok New York, Aug 1 (AP) President Donald Trump said Friday that his administration is weighing action against TikTok, a popular Chinese-owned video app that has been a source of national-security and censorship concerns.

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Bipartisan support in US grows for India against Chinese aggression

Bipartisan support in US grows for India against Chinese aggression India has received a strong bipartisan support from members of the US Congress against the recent Chinese military aggression in Ladakh.

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Slideshow | Market breaks six-week rally amid rising virus cases, weak global data

Slideshow | Market breaks six-week rally amid rising virus cases, weak global data Last week Indian rupee ended flat versus the US dollar.

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Nasdaq surges on megacap earnings but US fiscal uncertainty nags

Nasdaq surges on megacap earnings but US fiscal uncertainty nags The Dow Jones Industrial Average rose 114.67 points, or 0.44%, to 26,428.32, the SP 500 gained 24.9 points, or 0.77%, to 3,271.12 and the Nasdaq Composite added 157.46 points, or 1.49%, to 10,745.28.

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Microsoft said to be in talks to buy TikTok, as Trump weighs curtailing app

Microsoft said to be in talks to buy TikTok, as Trump weighs curtailing app It’s unclear how advanced TikTok’s talks to sell itself to Microsoft and other companies are, but changing ownership is crucial for the app

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Coronavirus India News LIVE Updates | COVID-19 tally breaches 40,000-mark in Assam with 1,862 new cases

Coronavirus India News LIVE Updates | COVID-19 tally breaches 40,000-mark in Assam with 1,862 new cases Coronavirus India LIVE Updates: Total confirmed cases have risen to over 16.38 lakh. India’s COVID-19 recovery rate stands at 64.5 percent.

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Former RBI Deputy Governor Viral Acharya warns against privatisation of PSU banks at discounted prices

Former RBI Deputy Governor Viral Acharya warns against privatisation of PSU banks at discounted prices Citing the example of the South Asian crisis in 1997, Acharya said that a large number of public sector banks in the region had to be privatised post the crisis and in many cases were sold at fire sale prices to private equity investors from abroad.

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Coronavirus vaccine update July 31: Covaxin trials start in UP; thousands signing up for trials in US

Coronavirus vaccine update July 31: Covaxin trials start in UP; thousands signing up for trials in US Philippine President Rodrigo Duterte said the Southeast Asian country would be given priority by China if supplies of a vaccine became available

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Thursday 30 July 2020

Trade Spotlight: Wipro, Divi#39;s Labs, IOC, BPCL and Dabur India in focus

Trade Spotlight: Wipro, Divi#39;s Labs, IOC, BPCL and Dabur India in focus Stocks like Wipro, Divi’s Laboratories, IOC, BPCL, and Dabur India were in focus on Thursday. Here are important levels to watch out for on Friday.

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Market veteran Madhu Kela shares the big mistakes he made while trading

Market veteran Madhu Kela shares the big mistakes he made while trading With more than 30 years of experience in the stock market, Madhu Kela has been one of the most influential names of Dalal Street in the last decade

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Tata Motors Q1 preview: Losses could widen on fall in volumes

Tata Motors Q1 preview: Losses could widen on fall in volumes On the JLR front, Kotak expects volumes to decline by 27 percent YoY to 76,500 units in Q1FY21 and revenues to decline by 31 percent YoY

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SGX Nifty up 40 points; here's what changed for market while you were sleeping

Nifty futures on the Singapore Exchange traded 38 points, or 0.34 per cent higher at 11,139, in signs that Dalal Street was headed for a positive start on Friday.

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Board Meetings Today: SBI, Sun Pharma, IOC, Tata Motors, UPL and UCO Bank

Dr Pathlabs, Tata Chemicals, JSW Energy, Ujjivan SFB and Godrej Agrovet are among companies which will declare June quarter results on Friday.

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Minus BP deal, RIL Q1 profit would shrink 41%

Net profit excluding the exceptional item in the April-June quarter was Rs 8,282 crore, 18 per cent more than street expectations but down from Rs 10,141 crore a year ago as lockdowns ravaged various sectors of the economy.

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Apple announces 4-1 stock split after shares surge toward $400

The move bucks a trend among big U.S. tech companies that have mostly refused to split their shares, resulting in sky-high prices. Alphabet Inc. stock costs more than $1,500, and Amazon.com Inc. trades above $3,000, effectively disqualify the companies from the Dow.

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Stocks in the news: RIL, SBI, Tata Motors, HDFC, Sun Pharma, IOC and Lakshmi Vilas Bank

JSW Energy, Ujjivan SFB and Godrej Agrovet are among companies which will declare June quarter results on Friday.

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Recovery signs visible, improvement will happen if lockdowns end: Parekh

"Signs of the wheels of the economy beginning to churn are evident from the following facts: unemployment rates have tapered down from their peaks in May, e-toll collections are higher, as are e-way bills, digital transactions and GST collections which are back to the Rs 90,000 crore levels.

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RIL raises Rs 2,550 cr through commercial paper issue

The retail-to-oil conglomerate, for example, mopped up Rs 1,250 crore for three months at 3.4 per cent. The rate is 45 basis points lower than its previous CP sale in May last week. One basis point is 0.01 percentage point.

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Fatigue? Dalal Street rolls over fewer bullish bets to Aug series

The Bank Nifty underperformed the index on concerns over the impact of coronavirus pandemic on the economy and businesses. The Bank Nifty gained 0.65 per cent in the July series and provisionally saw rollovers of 63.5 per cent compared to 80.6 per cent in the June series and three-month average of 81.1 per cent.

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In pics | Stocks in the news: RIL, Wipro, Adani Power, Lakshmi Vilas Bank, Eros International, Bata

In pics | Stocks in the news: RIL, Wipro, Adani Power, Lakshmi Vilas Bank, Eros International, Bata Reliance Jio | Torrent Pharma | Kesoram Industries | Indian Overseas Bank | Rain Industries | Reliance Infrastructure | Linde India | LG Balakrishnan | Bata India are also among the stocks in focus today.

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What changed for the market while you were sleeping? Top 10 things to know

What changed for the market while you were sleeping? Top 10 things to know Trends on SGX Nifty indicate a positive opening for the index in India with a 58 points gain.

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In pics | America’s top-10 best employers for women in 2020

In pics | America’s top-10 best employers for women in 2020 Sporting goods retailer Recreational Equipment Inc. (REI) jumped 20 places this year to take the top spot with a score of 87.6.

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International flights on July 31: Daily updates on arrivals, departures under Vande Bharat Mission

International flights on July 31: Daily updates on arrivals, departures under Vande Bharat Mission Check flights leaving for and from India to bring back stranded Indians.

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Joe Biden#39;s campaign launches Indian-American outreach in 14 languages

Joe Biden#39;s campaign launches Indian-American outreach in 14 languages The slogan "America Ka Neta Kaisa Ho, Joe Biden Jaisa Ho" has been created to generate similar enthusiasm among Indian-American voters in the United States.

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Won#39;t profit from COVID-19 vaccine in pandemic: AstraZeneca

Won#39;t profit from COVID-19 vaccine in pandemic: AstraZeneca AstraZeneca has struck a number of deals around the world to supply the experimental COVID-19 vaccine, which has shown promise in early testing.

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Hot Stocks | Cadila, ICICI Bank may give up to 16% return in short term

Hot Stocks | Cadila, ICICI Bank may give up to 16% return in short term The June quarter results are in line with expectations and we have not witnessed any major negative price reaction post the numbers.

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Asian stocks set to rise on Big Tech surge, dollar slides

Asian stocks set to rise on Big Tech surge, dollar slides Hong Kong#39;s Hang Seng index futures rose 0.06%. Australian SP/ASX 200 futures YAPcm1 lost 0.47%, while Japan#39;s Nikkei 225 futures added 0.34%.

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SP dips on worries about earnings, data, stimulus and election

SP dips on worries about earnings, data, stimulus and election The Dow Jones Industrial Average fell 225.92 points, or 0.85%, to 26,313.65, the SP 500 lost 12.22 points, or 0.38%, to 3,246.22 and the Nasdaq Composite added 44.87 points, or 0.43%, to 10,587.81.

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Asian stocks set to rise on Big Tech surge, dollar slides

Asian stocks set to rise on Big Tech surge, dollar slides Hong Kong#39;s Hang Seng index futures rose 0.06%. Australian SP/ASX 200 futures YAPcm1 lost 0.47%, while Japan#39;s Nikkei 225 futures added 0.34%.

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SP dips on worries about earnings, data, stimulus and election

SP dips on worries about earnings, data, stimulus and election The Dow Jones Industrial Average fell 225.92 points, or 0.85%, to 26,313.65, the SP 500 lost 12.22 points, or 0.38%, to 3,246.22 and the Nasdaq Composite added 44.87 points, or 0.43%, to 10,587.81.

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Coronavirus India News LIVE Updates: Assam records over 2,100 new COVID-19 cases in one day

Coronavirus India News LIVE Updates: Assam records over 2,100 new COVID-19 cases in one day Coronavirus India LIVE Updates: Total confirmed cases have risen to over 15.8 lakh. India’s recovery rate now stands at 64.4 percent.

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Wednesday 29 July 2020

In pics | Unlock 3.0 guidelines: What is allowed and what remains prohibited

In pics | Unlock 3.0 guidelines: What is allowed and what remains prohibited Guidelines for Unlock 3: Here’s a look at what has been permitted and what remains prohibited.

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Wall St closes higher after Fed vows more support for the virus-battered economy

Wall St closes higher after Fed vows more support for the virus-battered economy The Dow Jones Industrial Average rose 160.29 points, or 0.61%, to 26,539.57, the SP 500 gained 40 points, or 1.24%, to 3,258.44 and the Nasdaq Composite added 140.85 points, or 1.35%, to 10,542.94.

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Asian stocks set to rise on Fed policy, dollar hits two-year low

Asian stocks set to rise on Fed policy, dollar hits two-year low MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.28%, while its global stock index, rose 0.81%.

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Rajan: Allow promoters to renegotiate under IBC

Rajan said that after Covid, there was a tendency to take a stand that this is a new kind of situation and requires a new kind of process and therefore cases cannot be referred under the Insolvency and Bankruptcy Code (IBC).

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