Why Airtel stock zoomed despite big Q4 loss | FPIs rush to exit India, pull $6.4b | Buffett cuts crisis-era bet on Goldman

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DAILY BRIEF Tue, May 19, 2020 #Q4Results#Coronavirus#StimulusPackage#ExpertViews#StockRecos SENSEX 30196.17 167.19 NIFTY 50 8879.10 55.85 Gold 46950.00 295.00 USD/INR 75.64 -0.28

TOP OF THE DAY Why did Bharti Airtel rally 11% despite Rs 5,237 crore Q4 loss The telecom operator said it took a hit from an exceptional item of Rs 7,004 crore in the quarter. FPIs rush to exit India; withdraw $6.4 billion in March quarter Warren Buffett cuts crisis-era bet on Goldman Sachs You cannot allow rating agencies to decide policy: Chidambaram Jhunjhunwala loses biggest shield to his portfolio Nifty continues bearish formation; upside capped at 9,050 Modi's reforms will pay off in the long term: Sundaram MF CEO

Top Gainers NSE 6 companies (largecap) appreciated more than 5% Adani Power 14.24% Bharti Airtel 11.29% More from Gainers Top Losers NSE 4 companies (largecap) price decreased more than -5% UPL -9.62% Hindustan Zinc -7.52% More from Losers 52 Week High NSE 19 companies touched new 52-week high today Bharti Airtel 11.29% Prakash Steel 11.11% More from 52 Week High

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Raamdeo's top smallcap pick reports 15,000% rise in Q4 profit Market veteran and value investor Motilal Gopilal Oswal held 1.30 per cent in the company. F&O: Nifty forms Small Red Body, signals bearishness Pharma stocks to get good traction over 1-3 years: Nippon MF Gold at record high! Recession fears can send it soaring higher

Market moguls Podcast Video If volatility is risk, why is a volatile market called an investor's friend? Market Watch: Will Nifty go downhill again? Sensex snaps 3-day losing run, rises 167 points; Airtel rallies 10%, ONGC 6%

RECOMMENDATIONS Central Depository Services (India) Ltd. Buy Central Depository Services, target price Rs 260: ICICI Securities Buy Bharti Airtel Ltd. Buy Bharti Airtel, target price Rs 629: Angel Broking Buy Alkem Laboratories Ltd. Buy Alkem Lab, target price Rs 3,300: Angel Broking Buy Aarti Drugs Ltd. Buy Aarti Drugs, target price Rs 1,028: Anand Rathi Buy Crompton Greaves Consumer Electricals Ltd. Buy CG Consumer, target price Rs 270: Anand Rathi Buy

Telcos, multiplexes soar; 130 scrips hit 52-week lows Here we tried to capture some of the key trends from Tuesday's session. View: Financial stocks remain a big trouble spot for markets RIL rights issue set to open: Key things to know before investing S&P recovery will be far faster than 2008: Citigroup

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