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Sell-off storm: Rupee hits record low as sentiment worsens

Meanwhile, equities rose in early trade as Tuesday’s relief rally continued but gave up all their gains. Foreign

Rupee closes at record low of 76.34 on stimulus fears, heavy dollar-buying

Rahul Gupta, head of research-currency at Emkay Global Financial Services, said he expects the rupee to depreciate to 77.20 levels.

Spooked by new Covid-19 cases, markets end in red

FPIs remained net buyers in the Indian equity markets on Wednesday and bought equities worth $254.5 million.

HIAL regulatory change to hit GMR Infra, FV at Rs 26

Groupe ADP deal would unlikely get impacted by the regulatory change at HIAL and may have been accounted as a contingency inside the Rs 220-260-bn valuation range (revised KIE estimate at upper end).

PNB Housing Finance: Maintain ‘neutral’ with a TP of Rs 190

In addition, it has Rs 40 bn of undrawn lines from banks outstanding. Note that this was after net borrowing repayment of Rs 25 bn during the quarter.

India to use low priced oil from Saudi, UAE to fill strategic reserves

The agreement allows ADNOC to sell or trade crude oil storage in the storages to local refiners but give the Indian government the first right to the oil in case of an emergency.

Coronavirus to infect Infosys, TCS, Wipro financial statements; IT sector growth outlook dim

With the results season just around the corner, investors have their eyes set on what comments flow out on the novel coronavirus and its impact on revenue, growth and future outlook of corporate India.

Adani Gas cuts CNG, piped cooking gas prices

The rate of natural gas piped to household kitchens for cooking purposes has been cut by Re 1 per standard cubic meter (scm), the company said in a statement.

With Nifty mapping an upward trajectory, charts are suggesting strong support for these two stocks

After witnessing a sharp upside bounce on 7th April 2020, Nifty continued to show follow-through upmove in the better part of Wednesday’s session amidst a volatility

Most large-cap equity mutual funds underperform benchmark indices; check 5-yr, 1-yr performance

While the S&P BSE 100 index surged 37.92% in the five years ending December 2019, the story for Indian equity large cap funds has not been the same.

Last hour sell-off in banks, IT stocks drag Nifty below 8,750, Sensex falls 1,300 pts from day’s high

Market Breadth was in favour of bulls. For every loser, there were more than three gainers. Pharma, Auto and media led the market but profit booking seen from Banking, NBFC and IT sectors

Economic impact of coronavirus deepens, second round of relief package for corporate India in offing

The government is all set to announce another round of relief measures for corporate India targeted at specific sectors that were worst hit by the pandemic and lockdown.

Asian markets mostly down as traders fret over coronavirus

"Signs that the number of new daily coronavirus cases is topping out in Western Europe... is driving expectations that social distancing measures will be lifted soon," said Stephen Innes, at AxiCorp.

Indian capital markets are witnessing a changing landscape due to coronavirus, here’s how

In the past five years, capital markets in India have witnessed bull and bear phases.

IRCTC share price hits upper circuit, stock gains 16% in just 4 trading days

In the previous fiscal, IRCTC delivered more than 52 per cent return to the investors. However, the stock price is still 40 per cent down from its record high of Rs 1,995

Pharma shares jump, Cadila Healthcare, IPCA Labs reach new highs on hopes of surging drug sales

After leading the rally on Dalal Street yesterday, pharmaceutical stocks are back, leading from the front yet again.

Gold prices ease from record high, slip below Rs 45,000; silver rates slump over Rs 600

Gold will continue with a bullish outlook as large-scale quantitative easing programs from various central banks are likely to boost prices

Sensex mounts 31k, Nifty trades at highest level in 13 sessions; check key factors behind this rally

As bulls took over the bears, 28 Sensex stocks were trading in a positive territory. IndusInd Bank was the top Sensex gainer, up nearly 11 per cent

Insurers approach insurance council to standardise treatment rates for Covid-19

According to general insurance companies, currently rates for treatment of novel coronavirus are different for isolation wards and are charged differently by private hospitals.

Andhra Pradesh government to increase turmeric output with higher curcumin content

Around 2,000 tribal farmers in the region, who have a total of approximately 1,000 acre, are growing this crop with support from the government of Andhra Pradesh.