Yes Bank among 10 stocks with highest sell ratings - over 1 year ago
Analyst sentiment, as measured by the ratio of buy/hold/sell ratings, has been hit over the past year, with the percentage of sell ratings climbing to 12% from 11% a year ago. Further, the percentage of Buy ratings moderated to 71% from 73% a year ago. According to brokerage firm Motilal Oswal's data, 10 stocks have more than 35% sell ratings from analysts covering the stocks.
Economic Times

Stocks in focus: GAIL, Apollo pipes and more - over 1 year ago
Nifty futures on the Singapore Exchange traded 39 points, or 0.23 per cent, higher at 17,218, signaling that Dalal Street was headed for positive start on Tuesday. Here are some stocks which are expected to see some action in trade today.
Economic Times

What to Watch in Money Markets for Signs of Systemic Bank Stress - over 1 year ago
Some Wall Street strategists were skeptical that such a facility would actually address any strains, and the most recent Senior Financial Officer survey showed SRF was rated the second to least likely to be used, next to the discount window.
Economic Times

US stock market: Sliding bank shares drag Wall Street down in choppy trade - over 1 year ago
"The market is now expecting that the Fed is likely to not raise rates this month and so they may enter a pause period," said Peter Cardillo, chief market economist at Spartan Capital Securities.
Economic Times

Asian shares extend losses as US banking worries persist - over 1 year ago
"There is escalating tensity in the global financial world; this is despite non-U.S. banks' exposure to US regional banks being minimal, with the global systems being well capitalized and flush with liquidity," said Stephen Innes, managing partner at SPI Asset Management.
Economic Times

Stocks in news: Sona BLW Precision, GAIL, Nalco, Apollo Pipes - over 1 year ago
Mahindra & Mahindra has offloaded 6.05% equity representing 2,28,80,000 shares in its associate company Mahindra CIE Automotive through a block deal on Monday.
Economic Times

Sebi looking into 'market allegations' against Adani: Finance Ministry - over 1 year ago
Minister of state for finance Pankaj Chaudhary, in written replies to various questions asked by parliamentarians, stated that the government has not constituted any committee to investigate the allegations made against the Adani Group of companies by short-seller Hindenburg Research of the United States.
Economic Times

Pause in interest rate hikes may spur private investment: Sanjiv Bajaj, president, CII - over 1 year ago
Bajaj urged the government to continue to focus on enhancing the ease of doing business and reducing associated costs. To push reforms in areas such as land, labour, and power where both Centre and states have jurisdictions, a structure like the Goods and Services Tax Council can play an important role, he said.
Economic Times

D-Street indices tank 1.5%; bank shares lead selloff - over 1 year ago
The Sensex closed at 58,237.85, down 897.28 points or 1.52% from the previous close, after breaching the 59,000 mark in late morning trade. The Nifty fell 258.60 points or 1.49% to close at 17,154.30. In the previous three sessions, benchmark indices have declined over 3.5% and wiped out over ₹7.6 lakh crore in investor wealth.
Economic Times

L&T Finance invites bids for Rs 880-cr Xrbia loans - over 1 year ago
The five accounts comprise Xrbia Developers with a debt of ₹435 crore, Xrbia Chakan Developers with ₹164 crore, Xrbia Warai Developers with ₹156 crore, Xrbia Ambience Realty LLP with ₹107 crore and Eiffel Lifespaces with ₹18 crore debt. L&T Finance has invited offers under the 15:85 structure, which involves 15% of the consideration as cash and the remaining 85% as security receipts (SR) payable on recovery of the loans from the borrower.
Economic Times

Better financial health of RRBs prompts sponsor banks to explore listing them - over 1 year ago
Regional Rural Banks (RRBs), once considered laggards in the banking ecosystem, are slowly coming into their own. For the first time, banks are now considering listing these lenders on the local stock market after the government issued relevant draft guidelines last October.
Economic Times

Blackstone exits Sona BLW, sells 20.5% stake - over 1 year ago
The shares were picked up by the Government of Singapore, HDFC Mutual Fund, ICICI Prudential Life Insurance, Societe Generale, BNP Paribas Arbitrage, Fidelity Series Emerging Markets Fund, Fidelity Asian Values Plc, and Monetary Authority Of Singapore, bulk deal data on BSE showed
Economic Times

M&M sells 6% in Mahindra CIE Auto - over 1 year ago
The automobile major has sold 2.30 crore shares of Mahindra CIE at ₹357.39 apiece, showed BSE block deals data. Society Generale bought 64.53 lakh shares worth ₹230 crore, while the rest of the buyers were unknown. As on December 31, 2022, M&M held 9.25% sake in Mahindra CIE.
Economic Times

Tech Mahindra soars on appointment of new CEO - over 1 year ago
JPMorgan, which has a target of ₹1,100 per share, lauded Joshi's appointment. "Great CEO choice, but a turnaround is not easy and will take time. Tech Mahindra faces structural challenges in matching leading peers in organic growth and margin," said analysts at JPMorgan.
Economic Times

VIX soars as traders rush for cover - over 1 year ago
Normally, VIX futures contracts are more expensive the further down the horizon. Now, traders are betting on more turbulence in the short term than they are three months ahead, making it more expensive to trade near-dated contracts.
Economic Times

FPIs to be allowed in non-agri commodity derivatives: NSE - over 1 year ago
The exchange said FPIs desirous of participating in exchange-traded commodity derivatives (ETCDs) would be subject to risk management measures applicable from time to time.
Economic Times

Stock Radar: This civil construction company gave a breakout from a double bottom pattern; time to buy? - over 1 year ago
The stock hit a fresh 52-week high of Rs 433 on November 4, 2022, but failed to hold on to the momentum. It closed at Rs 366 on March 10, 2023, which translates into a downside of about 15%. It has surpassed the key moving averages of 100 & 200 EMA, which confirms the beginning of the trend to the upside.
Economic Times

Wall St rises in choppy trade as markets weigh rate hike pause, bank contagion risks - over 1 year ago
Shares of big U.S. banks, including JPMorgan Chase & Co , Citigroup, and Wells Fargo fell between 1% and 6.3%.
Economic Times

US admin's stance on Silicon Valley Bank reassuring for Indian startups who have funds there: Nasscom SVP - over 1 year ago
The US government's announcement that depositors of failed Silicon Valley Bank (SVB) will have access to their money, has given hope and will address the immediate financial issues that these startups were grappling with, according to Nasscom's Senior Vice President and chief strategy officer Sangeeta Gupta.
Economic Times

Stock Radar: We raise target price to Rs 1810 on Cummins India, says Shrikant Chouhan - over 1 year ago
"We raise estimates on higher operating (EBITDA) margin estimates by 2-4% for Cummins India. We lower the gap in gross margin estimates versus the historical pre-Covid average and we are increasing target to Rs 1,810 on higher margin estimates & roll-forward to Mar’25," Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.
Economic Times

Blackstone sells entire stake in Sona BLW Precision for Rs 4,916 cr via block deal - over 1 year ago
Shares of Sona BLW were under pressure for the past few days, reacting to reports of a block deal. In the last five days, the stock has lost about 10.66%
Economic Times

Yes Bank 3-year lock-in period expires today; All you need to know - over 1 year ago
YES Bank shares nosedived almost 5% on March 13 as an RBI-mandated lock-in on SBI's stake in the private sector lender ended
Economic Times

Fed’s battle plan for inflation shredded by financial turmoil - over 1 year ago
A week ago, Powell surprised markets by saying the Fed may need to raise interest rates at a faster pace than the quarter-point hike it delivered in February to curb stubbornly persistent inflation. Days later, SVB and Signature Bank failed, and the Treasury and Fed launched a vast emergency lending facility saying more banks faced the risk of runs.
Economic Times

Swiss regulator monitoring banks and insurers after SVB collapse - over 1 year ago
Swiss financial regulator FINMA is seeking to identify any potential contagion risks for the country's banks and insurers following the collapses of Silicon Valley Bank and Signature Bank. The regulator said it was in contact with various institutions which could be affected, but declined to name them or the measures it might take.
Economic Times

​Despite the market decline, 6 stocks reach new 52-week highs - over 1 year ago
Despite a market decline on Monday that caused the benchmark index Sensex to tumble about 897 points and close at 58,237, 6 stocks from the BSE 500 index reached new 52-week highs. The 52-week high is a crucial technical indicator that reflects the highest price at which a stock has traded over the past year. Many traders and investors consider this indicator significant in analysing a stock's current value and predicting its future price movements.
Economic Times

Nalco declares second interim dividend of Rs 2.5 per share - over 1 year ago
The payment of the second interim dividend will be made on or before March 31 to all eligible shareholders, whose names appear in the register of members as on record date.
Economic Times

M&M offloads 6.05% equity in Mahindra CIE Automotive via block deal - over 1 year ago
Under the block deal, French multinational bank Societe Generale has bought about 64 lakh shares, according to the data available with the exchanges. The other buyers could not be ascertained
Economic Times

Trading Guide: Coromandel International among 4 stock recommendations for Tuesday - over 1 year ago
Benchmark indices Sensex and Nifty declined for a third day on the trot to close at five-month low levels on Monday due to a massive sell-off in banking, finance and auto stocks, mirroring weak global sentiments. Potential contagion from the biggest bank failure in the US since 2008 led Nifty to drop to 17,150 levels, while Sensex ended around 900 points lower at 58,237 points. Alongside, the fear index zoomed a hefty 21%.“Nifty has been in a sharp downturn and the negative chart pattern like lower tops and bottoms are in store. Present weakness seems to be in line with the lower bottom formation, but there is no confirmation of any lower bottom reversal pattern yet at the lows. The next downside levels to be watched are around 17,000-16,800 in the near term. Any upside bounce from here could find strong resistance around 17,300-17,350 levels,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.Here are stock recommendations for Tuesday
Economic Times

Wall St Fall: S&P500 down 1.12% as SVB collapse fuels bank contagion fears - over 1 year ago
The Dow Jones Industrial Average was down 120.81 points, or 0.38%, at 31,788.83
Economic Times

LIC's debt exposure to Adani Group at Rs 6,183 cr, down marginally from Dec: FM Sitharaman - over 1 year ago
Sitharaman said the LIC's debt exposure to Adani stands at Rs 6,183 crore as of March 5. Of the total value, Adani Ports contributed Rs 5,388 crore and exposure to Adani Power (Mundra) stood at Rs 266 crore.
Economic Times

European equities dive on fears of US banking crisis - over 1 year ago
Shares in First Republic Bank tumbled 65 percent, PacWest Bancorp 35 percent, Comerica 33 percent and KeyCorp 23 percent as trading got underway
Economic Times

Biden tells U.S. to have confidence in banks after collapse - over 1 year ago
U.S. regulators closed the Silicon Valley Bank on Friday after it experienced a traditional bank run, where depositors rushed to withdraw their funds all at once. It is the second largest bank failure in U.S. history, behind only the 2008 failure of Washington Mutual
Economic Times

Cost-cutting Measures: Are startups focussing on core business only? - over 1 year ago
StartUp Central | Which are the startups that closed their non core businesses and what were the reasons? ET Now's Sumita Kareer explains
Economic Times

PNB Housing Finance's Rs 2,500 cr rights issue gets Sebi's nod - over 1 year ago
PNB Housing Finance has received Sebi's go ahead to raise up to Rs 2,500 crore through a rights issue of shares. The housing finance firm plans to utilise the net proceeds from the issue towards augmenting its capital base. After the rights issue, PNB Housing's shareholding would come down from the current level of 32.53 per cent to below 30 per cent but it would be higher than 26 per cent so that the bank retains promoter status.
Economic Times

JPMorgan among suitors for SVB Financial in deal excluding SVB Bank, says Axios - over 1 year ago
PNC Financial Services Group Inc, Apollo Management and Morgan Stanley are also in talks with the defunct lender, Axios reported, adding Apollo was interested in financing a deal or acquiring some of the business.
Economic Times

Market stress indicators begin to flash in wake of SVB collapse - over 1 year ago
The startup-focused bank, SVB, became the largest bank to fail since the 2008 financial crisis last week, sending shockwaves across global markets. U.S. regulators stepped in over the weekend to guarantee the deposits of SVB, but this did little to reassure investors that there will be no more fallout. In the money markets, a closely watched indicator of credit risk in the U.S. banking system edged up on Monday, as did other indicators of credit risk in the euro zone
Economic Times

SVB Financial mulls strategic options - over 1 year ago
SVB Capital and SVB Securities are separate divisions of SVB Financial and not part of Silicon Valley Bank, which is undergoing resolution under the jurisdiction of the Federal Deposit Insurance Corporation ("FDIC") and the U.S. Federal Reserve.
Economic Times

Europe's bank shares plunge, bonds rally despite SVB rescue effort - over 1 year ago
Much will depend on what U.S. consumer price figures reveal on Tuesday, with an obvious risk that a high reading will pile pressure on the Fed to hike aggressively even with the financial system under strain.
Economic Times

Improving reach, stable asset quality to drive performance of CreditAccess Grameen - over 1 year ago
CreditAccess had 1,727 branches across 14 states and one Union Territory at the end of December.Its gross loan portfolio rose by 7.5% sequentially to Rs 17,786 crore in Q3
Economic Times

Dalal Street’s fear index closes 21% higher amid SVB fallout concerns - over 1 year ago
Vinod Nair, Head of Research at Geojit Financial Services, said: bloodbath was seen in the global market as the fallout of Silicon Valley Bank was followed by turmoil at Signature Bank, keeping investors worried about the strength of the US banking system.
Economic Times

GAIL announces interim dividend of Rs 4 per share, sets record date - over 1 year ago
The company has paid out a dividend of Rs 6 per share in the last 12 months, which results in a dividend yield of Rs 5.4% if we consider the current share price levels. Adjusting for the bonus and splits, the dividend yield is 3.6%.
Economic Times

Tech View: Nifty delivers tall bearish candle. What should traders do on Tuesday - over 1 year ago
Nifty is now trading below all its important averages, and the slope of the average has tilted lower. Prices on the daily chart are trading within the falling channel pattern and have to find the overhead resistance near the upper band of the pattern, chart readers said.
Economic Times

Top picks of the week: 4 stocks with consistent score improvement and upside potential of up to 45% - over 1 year ago
In the two months of the volatile phase with a bearish bias, market breadth has been the biggest casualty. Even in such times during this period, some stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Economic Times

Sensex extends losses to 3rd straight session, plunges 897 pts; Nifty drops below 17,200; Tata Motors falls 3%, M&M 2% - over 1 year ago
Closing Bell: Sensex extends losses to 3rd straight session, plunges 897 pts; Nifty drops below 17,200; Tata Motors falls 3%, M&M 2%
Economic Times

Saurabh Mukherjea’s PMS fund gave negative returns in Feb; Marathon Trends tides over volatility - over 1 year ago
The top multi-cap, smallcap, midcap, and thematic funds of Saurabh Mukherjea’s Marcellus Investments gave negative returns of up to 4.6% in February, data collated by PMSBazaar showed.
Economic Times

SVB-Signature Bank Collapse: How India handled 4 bank failures in last 20 years - over 1 year ago
Indian regulators too were on the edge when similar incidents raised concerns over the health of the financial systems. Below is a brief history on banks that failed
Economic Times

Investing Beyond Perception: Tackling the relativity trap - over 1 year ago
“During the past decade, the top 4 players (Asian, Berger, Kansai, and Akzo) have grown at the cost of unorganized players, with a revenue CAGR of approximately 11% (compared to the industry's 9% CAGR)”
Economic Times

SVB saga reminds that there are no free lunches - over 1 year ago
“When liquidity is in abundance, one can afford to risk an assets-liability mismatch and invest in higher yielding long-dated assets. However, when the liquidity dries out the same long-dated assets, whether credit book or treasury bonds, start hurting.”
Economic Times

Sensex plummets over 2,100 points in 3 days! Key factors behind the crash - over 1 year ago
The Indian stock market has crashed after the failure of Silicon Valley Bank and Signature Bank in the US. This has caused global equity markets to fall, and has caused fears of contagion in the Indian banking system.
Economic Times