Tuesday 31 March 2020

Sensex leaps to cap worst quarter | Lockdown blessing in disguise for Surat trader | Debt, gold outshone equity in FY20

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DAILY BRIEF

Tue, Mar 31, 2020

#MarketCrash#Coronavirus#StockScreener#ExpertViews#StockRecos
TOP OF THE DAY
DIIs might soon run out of ammunition on D-Street: Chhaochharia
FII selling in India reflects broadbased passive selling, says the Head of India Research at UBS.
Sensex rallies 1,028 pts on last day of FY20, posts worst quarterly fall
Equity not always king! Gold, debt funds gain up to 30% in FY20
Trading in times of lockdown: Surat trader finds it a blessing in disguise
Tech View: Nifty forms indecisive candle, has key support at 8,244
In a market like this, buy only quality largecaps: Kunj Bansal
Market Movers: OMCs, ITC rally; IndusInd plunges 15%

Top Gainers

NSE
52 companies (largecap) appreciated more than 5%
BPCL 15.34%
HPCL 13.22%
More from Gainers

Top Losers

NSE
3 companies (largecap) price decreased more than -5%
IndusInd Bank -15.02%
Bandhan Bank Ltd. -5.78%
More from Losers

52 Week High

NSE
4 companies touched new 52-week high today
GSK Cons Health 5.55%
Hind. Unilever 5.23%
More from 52 Week High
AdvertorialThis one change can boost up your business
Advertorial7 point guide to choose a Term Insurance based on Claim Settlement records
One fund manager buys 'every day' as market tanks on virus
The fund beat its benchmark in 2019 largely because the U.S. market outperformed India.
Govt has no option but to print money to mitigate Covid hit: Bhattacharya
HDFC, fundamentally strong corporate banks top bets: Choksey
Nifty setup is negative, but a pause in selling pressure is visible
RECOMMENDATIONS
Bharti Airtel Ltd. Buy
Galaxy Surfactants Ltd. Buy
Hero MotoCorp Ltd. Buy
Cipla Ltd. Buy
Maruti Suzuki India Ltd. Hold
Oil to stay below $40 in 2020 on virus shock, Opec+ deal collapse
The survey of 40 analysts forecast Brent crude prices would average $38.76 a barrel in 2020.
Those who can buy into a bust, sell into boom make most money
Sensex, Nifty tank 25%; FIIs offload over Rs 1 lakh crore
Gold will not have a good run in next few years: Somasundaram
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A super-spreader has Delhi at its wits' end

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THE ECONOMIC TIMESDaily Newsletter
Tue, Mar 31, 2020 | 06:29 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
A super-spreader has Delhi at its wits' end A super-spreader has Delhi at its wits' end
It all started from a religious congregation organised by Tablighi Jamaat in the area....
Core sector output improves for Feb, records 5.5% growth
PSU banks clear the air on EMI moratorium
Coronavirus fight: Govt has Rs 60,000 crore war chest in disaster funds
Recession looming but not for India, China: UN
Modified rail coaches to provide 3.2 lakh isolation beds: Indian Railways
It's like wartime: Ex-SBI boss bats for radical measures
ONGC, IOC, other oil cos contribute over Rs 1,031 cr to PM COVID-19 fund
Coronavirus Updates
Coronavirus: Dalmia Bharat Group announces Rs 25 crore contribution to PM-CARES Fund Coronavirus: Dalmia Bharat Group announces Rs 25 crore contribution to PM-CARES Fund
As part of relief measures, the group is also providing ration, grocery and accommodation to all the contractual labo...
Virus spread contained, fake news biggest hindrance: Govt
Homemade masks are 70% effective: Govt's scientific advisor
Centre asks states to ensure normal functioning of banks, ATMs
An unusual March-ending: Last day of stormy FY plays out quietly under lockdown cloud

Top Gainers

NSE
52 companies (largecap) appreciated more than 5%
BPCL 15.34%
HPCL 13.22%
More from Gainers

Top Losers

NSE
3 companies (largecap) price decreased more than -5%
IndusInd Bank -15.02%
Bandhan Bank Ltd. -5.78%
More from Losers
More From our Partners
This one change can boost up your business
Hotels come in handy in India's fight against Covid-19 Hotels come in handy in India's fight against Covid-19
State governments are using these facilities for conversion into isolation wards in worst-affected hotspots. The Madh...
From Flipkart to Uber, startups unite to deliver essentials
Maharashtra CM, cabinet to take a 60% pay cut for this month
Oil, gas bid deadline extended; bid rounds merged
Govt extends BPCL bid deadline to June 13
Retailers seek more support from RBI, DPIT
TVS, Ashok Leyland, Nippon among top contributers to PM-CARES
A coronavirus vaccine in 18 months? Experts urge reality check
Govt data reveals lockdown may have flattened the coronavirus spread curve
Govt extends validity of lower withholding tax orders
China's manufacturing rebounds as virus controls ease
Vodafone Idea offers prepaid validity extension for feature phone subscribers
Government extends validity of vehicle permits till June-end
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Virus makes it an unhappy ending for FY20

CORONAVIRUS UPDATES

31 Mar, 2020 | 05:52 PM IST


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Virus makes it an unhappy ending for FY20

In the latest govt statement on Covid-19 cases in India, the Health ministry today said 227 cases were reported in the country over the last 24 hours.

Meanwhile, 12:00 tonight remains the hour when the last day of FY19-20 comes to an end, following the govt's clarification that it would not extend the financial year despite all this economic uncertainty.

Track the biggest developments from today...




THE COUNT SO FAR
    1 new case in Chhattisgarh; total rises to 8
    2nd Mohalla Clinic doctor tests positive in Delhi
    8 more test positive in Jaipur
    5 new cases in Maharashtra; total reaches 225
    24 people present at Markaz building, Nizamuddin test positive
    17 new cases in Indore; Madhya Pradesh tally jumps to 66
    6 new positive cases in Kashmir Division
    17 new cases in Andhra Pradesh, total count reaches 40
    2 new positive cases in Gujarat, total reaches 73
    10 more evacuees from Iran test positive; 93 cases in Rajasthan now
    65-year-old patient dies in Punjab; Toll in state rises to 4
    3rd death reported in West Bengal
    5th patient dies in MP
    2nd casualty reported in Kerala
World India Global Death Toll
801,117
1,251 38,540
HEALTH CHECK
    Andhra govt to take over private hospitals
    IIT Guwahati students develop drone to sanitise large areas
    AP Govt appoints Dr K Srinath Reddy as Advisor to the government on public health
    Many hotels and resorts now serving as isolation wards
    MEA has identified suppliers of medical equipment from South Korea, Vietnam & Turkey
    Modified rail coaches to provide 3.2 lakh isolation beds
    India is conducting tests at 36% of the country's capacity
    123 labs functional, with 49 private labs conducting tests so far
    Over 21,000 relief camps operational in various states, UTs

LIFE UNDER LOCKDOWN
    Maharashtra govt imposes salary cut for elected representatives
    Vodafone Idea offers prepaid validity extension
    Himachal develops an app to track people under home quarantine
    Due date for receipt of applications to be postponed to Apr 30 in Punjab
    Road transport ministry extends validity of all vehicle papers till June 30
    Those in home quarantine in Karnataka directed to send selfies every hour to govt
    Kerala govt to issue special passes for tipplers to get liquor
    Food distribution centres to increase from 500 to 2500 in Delhi
    UP assembly secretariat to remain closed till Apr 14
    Flying squads to conduct door-to-door survey in Mumbai

BUSINESS AND ECONOMY
    Sensex closes 1,028 points up; Nifty near 8,600
    SpiceJet to cut 10-30% salary of all employees in March; chairman to take 30% less pay
    Govt extends BPCL bid deadline to June 13
    PSU banks announce loan EMI moratorium for customers

WORLD VIEW
    U.S. coronavirus death toll rises past 3,000 on deadliest day
    Human testing for Johnson & Johnson coronavirus vaccine this fall
    G20 finance ministers to hold virtual talks on coronavirus crisis
    World Bank sees outbreak taking a big toll on Asia's economy
    Number of confirmed coronavirus cases in Germany rises to 61,913