India’s real GDP may decline by 10.9% in FY21: SBI economist
Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India, now expects FY21 real GDP growth to decline by 10.9 per cent, compared to a previous estimate of 6.8 … Read More
Month: September 2020
Market Movers: Voda slumps; Airtel, Biocon jump; sell signal in 269 stocks
The recent swing high of Nifty to 11,794 is unlikely to be breached on the upside in the short term. Immediate support is placed at 11,365. – Stocks-Markets-Economic Times
Sebi imposes market ban on 7 entities in Kelvin Fincap case
Sebi noted that the company has filed various false and concocted documents before it to persist with its contention that the issue of shares was a private placement only. … Read More
Contact-intensity score shows which sectors to take biggest hit from here on
To understand which sectors are likely to be worst affected due to consumer wariness, we assess each sector’s contact intensity. – Stocks-Markets-Economic Times
F&O: Bulls not ready to loosen their grip; India VIX eases too
Nifty has established an immediate support near the 11,333 level, and below that, weakness could be seen towards 11,200 and then 11,111 levels. – Stocks-Markets-Economic Times
In Just A Few Hours, Zoom CEO Became $4 Billion Richer
Shares of his virtual-meeting company surged as much as 26 per centto $410 in late UStrading as it reported a jump in quarterly revenue – NDTV Profit – Latest
Mahindra Automotive Sales Down 16% In August, Tractor Sales Up 65%
Mahindra & Mahindra’s stock finished slightly higher on Tuesday, closing 0.42 per cent above previous closing – NDTV Profit – Latest
Universal Sompo Q1 results: Net profit grows 165% to Rs 46 crore as gross premiums rise 17%
The company said its loss ratio improved by 2.58% to 78% as compared with 80.58% in the year ago period, mainly due to improvements in health insurance, personal accident insurance, … Read More
Sensex resumes rally after 1-day hiatus, rises 273 points on gains in Airtel, bank stocks
The session was marked by volatile movements as investors braced judgement on the AGR dues, new margin norms kicking in and the reaction to the Q1 GDP numbers. – … Read More
Bank stocks’ recovery in danger as SC to hear interest waiver issue tomorrow
Gajender Sharma, one of the petitioners, has sought a direction for waiver of interest on loan repayments during the moratorium. – Stocks-Markets-Economic Times