LIVE BLOG

    Traders’ Diary: Avoid aggressive bets for now

    03 Apr, 2020 | 11:56:10 AM IST
    Traders’ Diary: Avoid aggressive bets for now
    Sensex crashed 1,375 points, dragged down by heavy selling in banking, finance and auto counters, as sentiment remained grim amid steady rise in coronavirus cases.
    1 New Update
    08:21:57 PM IST, 30 March 2020

    Is it time to add quality stocks on dips?

    08:20:51 PM IST, 30 March 2020

    Nifty looks to be retracing the last leg of the rally from the lows of 7,511-9,038, perhaps owing to profit booking. If some sort of short-term uptrend is in place from recent lows of 7,511, the current downswing from the highs of 9,038 shall not go below 7,816 levels in an ideal scenario

    - Mazhar Mohammad, Chartviewindia.in

    08:19:50 PM IST, 30 March 2020

    Nifty has tumbled towards its hourly lower Bollinger Band. The bands are about to start expansion after contraction. Thus, we are likely to witness a sharp fall going ahead. The overall structure shows that the Nifty is poised to get into the sub-8,000 level

    - Gaurav Ratnaparkhi, Sharekhan

    05:24:52 PM IST, 30 March 2020

    The 8,100-8,000 zone is the important support region to watch out for. If Nifty breaches the mentioned support, steep downside is likely. On the flipside, 8,600 and 8,850 levels will now be immediate resistances. Avoid aggressive bets and have a proper risk management and an exit strategy

    - Ruchit Jain, Angel Broking

    05:08:11 PM IST, 30 March 2020

    The sell-off resumed on the rising risk of community transmission as the total number of coronavirus crossed the 1,100 mark in India. It’s almost a month now that we’re seeing extreme volatility across the board, including Nifty. We do not see this situation changing anytime soon. Traders have no option but to align their positions according to the market trend, however, they can minimise the risk, by opting for hedged options strategies. We strongly recommend keeping short positions

    - Ajit Mishra, VP - Research, Religare Broking

    05:04:58 PM IST, 30 March 2020

    As expected, the market has set aside stimulus measures announced by RBI and the government, and focused on the rising virus cases and its impact on Indian economy. With a global recession already declared by the IMF, the recessionary forces and the general uncertainty are forcing investors, especially FIIs, to redeem their investments. CPI for industrial workers is due tomorrow, although it is unlikely to have an effect in the current market scenario

    - Vinod Nair, Head of Research at Geojit Financial Services

    03:43:59 PM IST, 30 March 2020

    S&P BSE Finance stocks bleed, index ends 7% lower. Here is how the index performed

    S&P BSE Finance stocks bleed, index ends 7% lower. Here is how the index performed
    03:41:45 PM IST, 30 March 2020

    Only two sectors S&P BSE Healthcare (1.07%) and S&P BSE Fast Moving Consumer Goods (0.67%) end the session in the green

    03:40:06 PM IST, 30 March 2020

    S&P BSE REALTY biggest sectoral loser, plunges 7%. Here are the worst performing stocks.

    Price as on 03:40:06 PM 03:40 PM, Click on company names for their live prices.
    03:38:35 PM IST, 30 March 2020

    This is how the market traded in today's session.

    This is how the market traded in today's session.
    03:37:08 PM IST, 30 March 2020

    Here are the top stocks that dragged the Sensex down in today's trade

    Here are the top stocks that dragged the Sensex down in today's trade
    04:13:16 PM IST, 30 March 2020

    CLOSING BELL: Sensex tumbles 1,375 points; Nifty snaps 4-day winning run, ends below 8,300; Nestle climbs 4%

    Sensex plummeted over 1,375 points on Monday, tracking heavy losses in banking and auto stocks, amid an unsettling spike in Covid-19 cases. Nifty fell 379.15 points, or 4.38 per cent, to close at 8,281.10.
    CLOSING BELL: Sensex tumbles 1,375 points; Nifty snaps 4-day winning run, ends below 8,300; Nestle climbs 4%
    03:14:50 PM IST, 30 March 2020

    Oil plunges to 2002 lows, shares sink again

    Oil took another eyewatering 8% tumble on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last for months. There were some bright spots, with Australian equities posting a standout jump as the government launched a super-sized support programme, but that was about it. Japan’s Nikkei had led the rest of Asia lower and Europe’s main markets slumped by 1.5-2.5% in early trade, adding to what has already been the region’s worst quarter since 1987.
    02:54:34 PM IST, 30 March 2020

    Market Update: Sensex plunges over 1,400 points, Nifty below 8,300; only 4 of 30 Sensex stocks in the green.

    Market Update: Sensex plunges over 1,400 points, Nifty below 8,300; only 4 of 30 Sensex stocks in the green.
    02:48:03 PM IST, 30 March 2020

    Market rout probably past its worst now: JPMorgan

    Conditions that JPMorgan had set for market stabilization and revival have largely been met, with recession-like pricing, a reversal in investor positioning and extraordinary fiscal stimulus, strategists led by John Normand wrote in a note Friday. Coronavirus infection rates remain a “wild card,” as they remain high even if they’re “slowing” in the U.S. and Europe.
    Market rout probably past its worst now: JPMorgan
    02:45:36 PM IST, 30 March 2020

    Telecom stocks mixed; Bharti Airtel, Idea down over 3%

    Price as on 02:45:36 PM 02:45 PM, Click on company names for their live prices.
    02:21:31 PM IST, 30 March 2020

    India's vegetable oil demand set to drop for first time in decades

    The country's consumption would drop by at least a quarter during the lockdown that began last Tuesday, some dealers said.
    India's vegetable oil demand set to drop for first time in decades
    01:52:26 PM IST, 30 March 2020

    FMCG one of the only two sectors in the green

    Price as on 01:52:26 PM 01:52 PM, Click on company names for their live prices.
    01:23:48 PM IST, 30 March 2020

    RBI bazooka has bond market wanting more as fiscal stress looms

    The Reserve Bank of India delivered an emergency rate cut and pledged $50 billion of liquidity infusion on Friday. Now traders want it to join other central banks in unleashing a massive-bond buying program. Deutsche Bank AG and Barclays Plc are among those who see the RBI taking the next step of buying debt from the market, or the government, a measure the central bank last resorted to in the early 2000s.
    01:17:08 PM IST, 30 March 2020

    European shares dip as virus fears intensify

    European shares fell for the second straight session on Monday, as fears about the economic hit from the coronavirus pandemic intensified with several nations extending near-total lockdowns to curtail the spread of the flu-like disease. The pan-European STOXX 600 index was down 0.8% at 0714 GMT, with energy, industrials and travel and leisure stocks leading declines.
    01:07:10 PM IST, 30 March 2020

    All auto stocks trading in the red; Eicher Motors, M&M plunges 7%

    Price as on 01:07:10 PM 01:07 PM, Click on company names for their live prices.
    01:04:44 PM IST, 30 March 2020

    These stock defy market mood, surge up to 12%

    Price as on 01:04:44 PM 01:04 PM, Click on company names for their live prices.
    12:41:03 PM IST, 30 March 2020

    Sensex down 850 points, Nifty below 8,450. This is how BSE Sensex has traded in today's session

    Sensex down 850 points, Nifty below 8,450. This is how BSE Sensex has traded in today's session
    12:34:00 PM IST, 30 March 2020

    Bank of Baroda cuts personal, retail loan rates by 75 bps to 7.25%

    Price as on 12:34:00 PM 12:34 PM, Click on company names for their live prices.
    12:22:55 PM IST, 30 March 2020

    Aviation stocks continue to fall; SpiceJet down 4%

    Price as on 12:22:55 PM 12:22 PM, Click on company names for their live prices.
    11:57:20 AM IST, 30 March 2020

    HDFC Trustee Co picks 5.45% stake in SpiceJet

    HDFC Trustee Company, a wholly owned subsidiary of HDFC, has bought 3.4 crore shares or 5.45% stake in low fare airline SpiceJet, said a person close to the development.

    HDFC Trustee Company Limited is the trustee to HDFC Mutual Fund, the country’s largest.

    The shares were bought from the open market. SpiceJet’s shared were trading at Rs 35.65 apiece, down 3.65% compared to its previous close on Friday.
    11:43:07 AM IST, 30 March 2020

    STFC, Muthoot Finance drop up to 10% on Fitch rating downgrade

    Shares of Shriram Transport (STFC) and Muthoot Finance fell up to 10 per cent in Monday's trade after Fitch Ratings downgraded long-term issuer default ratings of the two NBFCs on increasing macro-economic challenges, citing the coronavirus outbreak. The long-term issuer default ratings (IDRs) of STFC and MFL have been downgraded to BB from BB+.
    11:42:47 AM IST, 30 March 2020

    Sensex down over 650 points, Nifty below 8,500; 24 of 30 stocks in 30-pack Sensex trading in the red

    Sensex down over 650 points, Nifty below 8,500; 24 of 30 stocks in 30-pack Sensex trading in the red
    11:39:27 AM IST, 30 March 2020

    Tourism and Hospitality stocks mixed. Chalet Hotels down 13%; IRCTC gains 5%.

    Price as on 11:39:27 AM 11:39 AM, Click on company names for their live prices.
    11:38:37 AM IST, 30 March 2020

    Maruti Suzuki announces service, warranty extensions to support customers

    Price as on 11:38:37 AM 11:38 AM, Click on company names for their live prices.
    11:37:32 AM IST, 30 March 2020

    Here are top five worst performing sectors on NSE

    Here are top five worst performing sectors on NSE
    11:35:33 AM IST, 30 March 2020

    Don't expect significant impact of lockdown on Jan-March operations

    - HCL Tech CEO

    11:34:40 AM IST, 30 March 2020

    Banking, fin services, energy & IT see massive FPI offloading

    Nearly 75% of the FPI outflow from Indian equities during March 1-15 was from these four sectors. FPIs have sold shares worth Rs 25,000 crore between March1and 15 and the outflow is likely to continue in the near term due to redemption in arbitrage funds and impositions of dividend tax from April 1, said fund managers.
    Banking, fin services, energy & IT see massive FPI offloading
    11:05:02 AM IST, 30 March 2020

    Promoters just lapped up these 300 stocks

    Promoters of select companies have used the stock selloff as an opportunity to lap up shares and increase holdings through the turbulence in the market despite uncertain near-term outlook.

    The question is, should that be cue for investors to look at these stocks as they hunt value?

    Data available with BSE showed promoters of nearly 300 companies bought shares from the open market amid the recent bloodbath on Dalal Street.
    10:53:27 AM IST, 30 March 2020

    Measures announced by the Finance Minister and the RBI governor would help the economy withstand the immediate impact of Covid-19 and the shutdown but not necessarily bounce back once the exigencies are over. Barring a large fiscal stimulus, India’s GDP growth in FY21 would be around 3%. Further downside can be expected if the lockdown extends beyond 14th Apr’20. Industry would be worst hit, especially construction and manufacturing. Yet, unless the lockdown extends beyond 45 days, we do not see a recession in India. We expect appropriate policy measures to be rolled out to avert a credit/debt-market freeze, a sharp rise in bankruptcy and unemployment. Also, we do not expect a meltdown in private spending. In the post-Covid-19 world, there are possibilities of major alterations in consumer and business behaviour, leading to structural changes.

    - Sujan Hajra, Chief Economist, Anand Rathi

    10:50:41 AM IST, 30 March 2020

    Bajaj Finance drops 8% as Bernstein downgrades stock

    Shares of Bajaj Finance extended their fall to the second straight session on Monday after a global investment advisory firm Bernstein downgraded the non-banking financial major to ‘Underperform’ with the price target of Rs 1,740, citing unsecured consumer finance business models would become challenging in the current pandemic environment.
    10:35:19 AM IST, 30 March 2020

    Strides Pharma Science receives EIR for Bengaluru facility from USFDA

    Price as on 10:35:19 AM 10:35 AM, Click on company names for their live prices.
    10:32:36 AM IST, 30 March 2020

    Zydus Cadila gets tentative nod from USFDA for Parkinson's treatment capsule

    10:14:15 AM IST, 30 March 2020

    FMCG: Daily use items gain significance amid lockdown…

    • Though it is difficult to ascertain Coronavirus impact, FMCG companies manufacturing essential items such as soaps, detergents, aata, toothpaste, milk, staples and grocery would likely have a positive impact for two quarters.

    • Due to panic buying by people on account of lockdown, we believe FMCG sector would witness superior volume growth in the coming quarters.

    • Also, the disposable income of general public would first shift towards basic essentials rather than discretionary items giving a much needed fillip to the slowing industry.

    • With advance purchases already done in Q4FY20, we believe FY21E would be revenue neutral as disposable income would shift from discretionary to staples categories (discretionary categories form around 40% of overall FMCG revenues).

    • Most FMCG companies have a cleaner balance sheet with strong cash flows, which would help them forge ahead in these turbulent times. (Source: ICICI Securities)
    10:04:37 AM IST, 30 March 2020

    RBI is on right track but it can do a lot more

    It is important to realise though what RBI’s intervention is not about. It is not an economic booster with nearly enough ammunition to balance out the impact of an induced slowdown. No amount of incremental liquidity in the banking system can create new credit when enterprises are in lock-down mode.
    RBI is on right track but it can do a lot more
    09:57:06 AM IST, 30 March 2020

    We expect the rupee (Spot) to quote in the range of 75.50 and 76.50

    - Motilal Oswal Financial Services

    09:46:42 AM IST, 30 March 2020

    Sensex tumbles 900 points, Nifty slips below 8,350; IndusInd Bank drops 10%

    09:36:24 AM IST, 30 March 2020

    YES Bank, SBI, Tata Motors among most active stocks on NSE

    Price as on 09:36:24 AM 09:36 AM, Click on company names for their live prices.
    09:26:05 AM IST, 30 March 2020

    All sectoral indices down; 28 of 30 Sensex stocks trading in the red

    09:23:15 AM IST, 30 March 2020

    BSE Auto biggest sectoral loser, down over 3%

    Price as on 09:23:15 AM 09:23 AM, Click on company names for their live prices.
    09:21:07 AM IST, 30 March 2020

    Here are the top scrips dragging the 30-pack Sensex down

    Here are the top scrips dragging the 30-pack Sensex down
    09:20:01 AM IST, 30 March 2020

    OPENING BELL: Sensex tumbles 900 points, Nifty slips below 8,350; IndusInd Bank drops 10%, Bajaj Finance 8%

    OPENING BELL: Sensex tumbles 900 points, Nifty slips below 8,350; IndusInd Bank drops 10%, Bajaj Finance 8%
    09:02:03 AM IST, 30 March 2020

    Pre-open session: Sensex drops 200 points, Nifty flat; rupee trades at 75.21 against dollar

    08:45:58 AM IST, 30 March 2020

    Singapore trading sets stage for negative start

    Nifty futures on the Singapore Exchange traded 56.75 points or 0.67 per cent lower at 8,423, indicating a negative start for Dalal Street.
    08:45:17 AM IST, 30 March 2020

    Tech view: Nifty resistance at 8,900

    Nifty50 wiped off entire intraday gains to end flat on Friday. The index formed a small bearish candle on the daily chart. Analysts said the index needs to breach the 8,900-9,000 range in the near term, before instilling confidence among market participants.
    08:44:44 AM IST, 30 March 2020

    Asian shares fall on virus spread

    Asian shares slid as fears mounted that the global shutdown for the coronavirus could last for months. E-Mini futures for the S&P500 skidded 1.2 per cent right from the bell, and Japan's Nikkei 3.2 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2 per cent while South Korea shed 2.7 per cent.
    08:44:10 AM IST, 30 March 2020

    Oil prices drop 4% in early trade

    Oil prices slumped in Asian trade Monday, tracking falls on stock markets after a sharp escalation in the coronavirus crisis over the weekend. US benchmark West Texas Intermediate fell 3.9 per cent to trade at $20 a barrel, while international benchmark Brent crude was off 4.9 per cent at $23 a barrel.
    08:43:24 AM IST, 30 March 2020

    Trump extends pandemic guidelines to April end

    US President Donald Trump said on Sunday the peak death rate in the US from the novel coronavirus is likely to hit in two weeks as he extended the coronavirus guidelines, including social distancing, until April 30
    08:41:17 AM IST, 30 March 2020

    US stocks ended lower on Friday

    Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the US economy resurfaced and the number of coronavirus cases in the country climbed. The Dow Jones Industrial Average slumped 4.06 per cent to end at 21,636.78 points while the S&P500 lost 3.37 per cent to 2,541.47. The Nasdaq Composite dropped 3.79 per cent to 7,502.38.
    08:40:34 AM IST, 30 March 2020

    DIIs buy Rs 1,704 crore worth of stocks

    Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 356 crore on Thursday, data available with NSE suggested. DIIs were net buyers to the tune of Rs 1,704 crore, data suggests.
    08:39:54 AM IST, 30 March 2020

    Sensex, Nifty on Friday

    BSE Sensex on Friday ended at 29,815.59, down 131.18 points against the previous close of 29,946.77. The 50-share Nifty settled 18.80 points higher at 8,660.25.
    08:28:09 AM IST, 30 March 2020

    Good morning, dear reader! Here's something to kickstart your trading day

    Good morning, dear reader! Here's something to kickstart your trading day
    Read more on
    business news
    latest news
    sensex today
    sensex share price
    sensex live today
    Sensex Live
    sensex
    market news
    Have something to say? Post your comment

    Comments are moderated and will be allowed if they are about the topic and not abusive.

    Characters remaining (1500)

    The Economic Times