"We have factored a lockdown of 30-45 days in our revised estimates and cut individual banks’ loan growth in FY21 by 3-5 percent and taken deterioration in asset quality. Our earnings revisions are down between 10 percent and 35 percent," said brokerage firm Phillip Capital. … [Read more...] about D-Street Buzz | Bank stocks suffer strong selloff; Nifty Bank index down 5%
"For the month of April, macro risk appetite driven by news flow around potential peaking of fresh COVID-19 cases would be the key driving force for foreign flows, while domestic funds continue to use the correction to increase equities allocation in dynamic asset allocation funds. Light positioning and thin volumes would lead to continued outsized moves in equity markets in both directions in the near-term," said S Hariharan, Head - Sales Trading, Emkay Global Financial Services. … [Read more...] about FIIs remain sellers for 3rd consecutive month, DIIs bought over Rs 1 lakh cr in FY20
FIIs remain sellers for 3rd consecutive month, DIIs bought over Rs 1 lakh cr in FY20 Domestic equity inflows in March could be similar to those in Feb: Nilesh Shah 'Recovery may be quick but not V-shaped; Q4 FY20 to be muted, not very optimistic about FY21 either' … [Read more...] about COVID-19 jolt: 474 smallcaps, 48 midcaps crack over 50% in FY20
When the stock markets across the globe went into tailspin and leveraged investors were asked to pay up for the margins, the easy way out was to sell what they were holding. Many institutional as well as high networth individuals buy stocks and other risky assets by paying fraction of the market price. The rest is funded by brokers and financial institutions. … [Read more...] about Is gold a good portfolio hedge in volatile markets?
The market has staged a good recovery from the cuts of 10 percent that it saw in the past few months, especially after the Union Budget was announced in February. But, in April, led by IT stocks, the Street has managed to return close to 5 percent. … [Read more...] about Up, up and away! These 24 stocks gained continuously in last 5 trading sessions