My Newsfeed

Trendlyne Marketwatch
Trendlyne Marketwatch
24 Mar 2020

Markets are trading up today. Nifty 50 was trading at 7894.65 (284.4, 3.7%) , BSE Sensex was trading at 27003.00 (1021.8, 3.9%) while the broader Nifty 500 was trading at 6450.10 (3.32%).

Market breadth is in the red. Of the 1603 stocks traded today, 689 were gainers and 830 were losers.

Riding High:

Largecap and midcap gainers today include Aurobindo Pharma Ltd. (338.90, 15.00%), HDFC Life Insurance Company Ltd. (393.50, 14.96%) and Cholamandalam Investment & Finance Company Ltd. (156.35, 14.92%).

Downers:

Largecap and midcap losers today include Bajaj Holdings & Investment Ltd. (1616.60, -11.43%), Au Small Finance Bank Ltd. (525.10, -9.99%) and Edelweiss Financial Services Ltd. (33.35, -9.99%).

BSE 500: highs, lows and moving averages

227 stocks were underachievers and hit their 52 week lows.

Stocks making new 52 weeks lows included - ACC Ltd. (983.00, -1.55%) and Aegis Logistics Ltd. (124.10, -2.78%).

18 stocks climbed above their 200 day SMA including Escorts Ltd. (632.40, 14.83%) and Fine Organic Industries Ltd. (1729.55, 11.38%). 20 stocks slipped below their 200 SMA including Timken India Ltd. (681.10, -6.24%) and Johnson Controls-Hitachi Air Conditioning India Ltd. (1883.00, -5.79%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
23 Mar 2020
LIVE: Markets sink, government plans to announce relief measures
Markets crashed today with widespread panic selling, with investors gripped with virus related fears. Nifty 50 closed at 7610.25 (-1135.2, -13.0%) , BSE Sensex closed at 25981.24 (-3934.7, -13.2%) while the broader Nifty 500 closed at 6243.00 (-917.1, -12.8%). Market breadth is moving down. Of the 1644 stocks traded today, 66 were gainers and 1523 were losers.



Analysts at Jeffries say that government has the bandwidth to spend $18 billion to support economic activity, if the coronavirus epidemic deepens in spread.  The government is expected to announce an economic package for sectors severely affected by the coronavirus, addressing fall in consumer demand and related shutdowns.


What markets fear is fear itself: Uncertainty is driving a sharp selloff across global markets, with European markets sharply lower as cases spread, and as a $2 trillion recovery plan for the US fails in the Senate. UK's FTSE, France's CAC and Germany's DAX are down over 4% on open. Hong Kong's HangSeng closed nearly 5% lower.  


Details of companies announcing suspensions of operations due to coronavirus lockdowns can be found here.


The Managing Director of HDFC Bank noted that there is a difference between a financial crisis and a health crisis. But senior executives and analysts are calling for action from RBI and the Government to prevent widespread business failures. 


Markets have continued to decline after reopening for trading. Finance stocks are top losers. 


Market set to re-open at 10:57 am after the fall triggered an automatic stop in trading. 


A planned $2 trillion bailout of the US economy failed to clear the Senate in a party line vote with Senate Democrats voting against it. 


The CEO of IL&FS; Investment Managers has resigned.


Companies across sectors have announced shutdowns of their factories and retail stores in compliance with district lockdowns. 


With coronavirus cases on the rise around the world, markets dropped sharply with finance stocks among the worst performers.The main gainers today are stocks involved in coronavirus treatments and diagnosis. 


India VIX, the measure of volatility in the market, has jumped nearly 6% to trade at near record highs. 


Sebi has increased margin requirements and capped derivatives exposure in a bid to curb volatility and short-selling in the equity markets.




Riding High:

Largecap and midcap gainer today include Indiabulls Housing Finance Ltd. (96.25, 6.00%).

Downers:

Largecap and midcap losers today include Cholamandalam Investment & Finance Company Ltd. (136.05, -29.60%), Max Financial Services Ltd. (288.55, -29.23%) and Mahindra & Mahindra Financial Services Ltd. (149.85, -28.64%).

BSE 500: highs, lows and moving averages

1 stock hit their 52 week highs, while 293 stocks were underachievers and hit their 52 week lows.

Stock touching their year highs included - Ipca Laboratories Ltd. (1367.70, -0.55%).

Stocks making new 52 weeks lows included - 3M India Ltd. (15887.25, -8.52%) and ACC Ltd. (998.45, -11.48%).

3 stocks climbed above their 200 day SMA including Cadila Healthcare Ltd. (280.35, -1.91%) and Thyrocare Technologies Ltd. (461.50, -8.78%). 40 stocks slipped below their 200 SMA including Rallis India Ltd. (149.70, -19.99%) and Metropolis Healthcare Ltd. (1247.55, -19.70%).
 
Trendlyne Marketwatch
Trendlyne Marketwatch
20 Mar 2020
Jaguar Land Rover suspends production in UK, PVR invokes force majeure to reduce costs
Tata Motors' Jaguar Land Rover is suspending production until the week of April 20 at its UK plants because of the coronavirus crisis. On Wednesday, the company had suspended production in its Slovakia plant. Jaguar Land Rover's manufacturing plants in Brazil and India will continue their operations, the company said.
Markets rose in today's trading after governments and central banks in Europe and the US announced measures to contain economic damage from the pandemic. Nifty 50 closed at 8744.35 (480.9, 5.8%) , BSE Sensex closed at 29915.96 (1627.7, 5.8%) while the broader Nifty 500 closed at 7158.90 (351.7, 5.2%) Market breadth is in the green. Of the 1661 stocks traded today, 1015 showed gains, and 573 showed losses.

In a call between PVR Management and Bank of America analysts, the company said it has cut costs including salaries and fixed expenses during the period of shutdown, to limit the balance sheet impact. 


IFGL Refractories says that "business is as usual even at Company's operating subsidiaries in China, UK and USA." The company is noting potential impact in Germany "based on review being undertaken by the Board of our German subsidiary, operations may be truncated from next week."


Apollo Tyres management, including the Chairman and Managing Director, Onkar S Kanwar and the Vice Chairman & MD, Neeraj Kanwar have announced that they are taking a 25% reduction in their salary, while the Senior Management has taken a voluntary reduction in their salary by 15%. The auto and auto ancillary sector have been hard hit by the coronavirus pandemic. Apollo Tyres called this period "a tough and testing time". 


Motilal Oswal is a buy on Motherson Sumi and Tech Mahindra.


Promoters running to the exits?: Ashok Leyland dropped today after the company said that it is purchasing back shares (7% stake) from existing private equity investor Everstone and 12% stake from promoter entities. 


Intellect Design rose in share price after winning a deal with what the company said was "Middle East's second largest bank". Based on recent rankings, this could be UAE's First Abu Dhabi Bank. 


Some economies have been less heavily hit by the coronavirus. One example is Germany, with an extremely low death rate, with 13,979 coronavirus infections but only 42 deaths (0.3% death rate).


Markets have rebounded sharply today as investors react to the European and US governments stepping in with economic boosts and aggressive spending to breathe life back into industry. 


V Vaidyanathan, the MD and CEO of IDFC First Bank has sold 2.75 crore shares of the company on 19th March 2020 for approximately Rs. 58 crores to close an ESOP loan. 


Markets opened volatile in early trading. Nifty 50 was trading at 8284.20 (20.8, 0.3%) , BSE Sensex was trading at 27959.96 (-328.3, -1.2%) while the broader Nifty 500 was trading at 6834.05 (26.9, 0.4%). Market breadth is in the green. Of the 1421 stocks traded today, 872 were gainers and 469 were losers.



Riding High:

Largecap and midcap gainers today include Bharti Infratel Ltd. (152.10, 22.61%), Jubilant Foodworks Ltd. (1499.00, 22.10%) and Oil And Natural Gas Corporation Ltd. (71.50, 17.12%).

Downers:

Largecap and midcap losers today include Piramal Enterprises Ltd. (682.95, -12.13%), Quess Corp Ltd. (246.95, -9.99%) and Ashok Leyland Ltd. (44.00, -8.43%).

Crowd Puller Stocks

20 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Cadila Healthcare Ltd. (285.20, 16.01%), Ipca Laboratories Ltd. (1365.00, 7.64%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (79.05, 7.19%).

Top high volume losers on BSE were Quess Corp Ltd. (246.95, -9.99%), GE T&D; India Ltd. (72.70, -8.55%) and Heritage Foods Ltd. (185.00, -7.29%).

Indiabulls Real Estate Ltd. (44.05, -4.96%) was trading at 235.3 times of weekly average. Thermax Ltd. (730.00, 5.72%) and Reliance Power Ltd. (1.20, 0.00%) were trading with volumes 12.9 and 6.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

85 stocks tanked below their 52 week lows.

Stocks making new 52 weeks lows included - AIA Engineering Ltd. (1368.85, -3.63%) and Amara Raja Batteries Ltd. (449.00, -0.51%).

29 stocks climbed above their 200 day SMA including Jubilant Foodworks Ltd. (1499.00, 22.10%) and Escorts Ltd. (680.00, 18.55%). 5 stocks slipped below their 200 SMA including Mas Financial Services Ltd. (567.00, -9.76%) and Shilpa Medicare Ltd. (293.20, -3.31%).