Page 20 - Head Strategy News Today

PSU stocks underperform broader market; can 2021 be a turnaround year? Gaurav Garg, Head of Research at CapitalVia Global Research believes 2021 might be a turn-around year for PSU stocks, but investors need to be very specific in selecting PSUs. Representative image | Source: Pixabay Shares of Public Sector Undertakings (PSUs) have been underperforming the broader markets in the last few years. As per a report by brokerage firm JM Financial, the BSE PSU index fell around 40 percent and 20 perc...

Yes Bank appoints Niranjan Banodkar as new CFO Niranjan Banodkar will supersede Anurag Adlakha, who has been designated as the Chief Human Resources Officer (CHRO), Yes bank said in a regulatory filing BusinessToday.In | December 30, 2020 | Updated 15:35 IST A security guard stands outside a Yes Bank branch at its headquarters in Mumbai. (Photo: Reuters file) Yes Bank, on Wednesday December 30, announced senior management change wherein the private sector lender said that it has appointed Nira...

Post Market views - Dec 29, 2020 - Mr. Binod Modi, Head Strategy at Reliance Securities Posted On: 2020-12-29 06:32:09 (Time Zone: Arizona, USA) Domestic indices remained firm and recorded fresh highs today led by sharp rebound in financials. As expected, volatility in the market was high today and barring Financials and IT, most key sectoral indices traded in red. IndusInd Bank, Axis Bank, Tech Mahindra and HDFC were top gainers, while Coal India, NTPC, Nestle and Hindalco were laggards. ...

Post Market views - Dec 24, 2020 - Mr. Binod Modi, Head Strategy at Reliance Securities

Despite Monday crash, market makes longest stretch of weekly gains since 2018 Domestic equity markets were volatile during the week ended as investors were concerned about the new strain of the covid-19 virus found in the UK (PTI) Share Via MUMBAI : The Indian stock markets surged on Thursday recouping nearly 3% from the sell-off on Monday. The BSE Sensex ended at 46,973.54, up 529.36 points or 1.14%. The Nifty closed at 13,749.25, up 148.15 points or 1.09%. Despite a harsh sell-off on Monday,...

Post Market views - Dec 23, 2020 - Mr. Binod Modi, Head Strategy at Reliance Securities Posted On: 2020-12-23 04:53:05 (Time Zone: Arizona, USA) Domestic equities recovered sharply from early losses today mainly on positive global cues and sharp rebound in IT, PSU Banks and Pharma. Stimulus bill in the USA continued to offer support to emerging markets including India. However, emerging risk pertaining to new coronavirus strain made investors to focus back to defensive sectors including IT...

Robinhood investors, eh? Sensex recovers day after crashing 1,400 points The Sensex, after a sudden bloodbath on Dalal Street on Monday, reclaimed its crucial 46,000-mark on Tuesday. The 30-share index recovered by 452.73 points to end at 46,006.69 after plunging 1,406.73 points or 3 per cent in the previous day Aprajita Sharma December 22, 2020 | Updated 18:16 IST The Sensex reclaimed its crucial 46,000-mark on Tuesday The recovery in the market in the second half of the trading session on Tu...

Post Market views - Dec 22, 2020 - Mr. Binod Modi, Head Strategy at Reliance Securities Posted On: 2020-12-22 04:16:17 (Time Zone: Arizona, USA) Domestic equities recovered sharply from days low in a volatile trading day mainly aided by strong buying in IT stocks. Investors once again started focusing on safe counters which are considered to be resilient from pandemic. IT, Pharma, telecom, FMCG and chemicals were in focus today. HCL Tech, Tech M, Infosys and Sun Pharma were among top gaine...

Investor wealth eroded by Rs 6.59 trillion on Monday as equities tanked after the UK reported a new strain of the COVID-19 virus. The 30-share BSE Sensex plunged 1,406.73 points or 3 per cent to close at 45,553.96. The benchmark hit an all-time high of 47,055.69 during the session. Following the sharp selling, the market capitalisation of BSE-listed firms plummeted by Rs 6,59,313.65 crore to Rs 1,78,79,323.05 crore. "Brutal bloodbath witnessed in todays session after a new coronavirus stra...

Post Market views - Dec 21, 2020 - Mr. Binod Modi, Head Strategy at Reliance Securities Posted On: 2020-12-21 09:07:08 (Time Zone: Arizona, USA) Domestic equities witnessed sharp selling pressure today and wiped out more than Rs 7 trillion of investors wealthy in a single day. Concerns of new Covid-19 strains in UK and emerging doubts over efficacy of Covid-19 vaccination dented investors sentiments globally. Indian markets were worst performer today, which we believe profit booking could ...