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NEWS
Flows to India stock funds tumble as furious rally spurs caution
Thu, Jul 09, 2020     Source : Mint
Flows into Indian stock funds slumped in June as investors pocketed gains from a strong rebound in equities as the pandemic showed no signs of slowing in Asia’s third-largest economy.
NEWS
Sensex, Nifty give up five-day gaining streak as volatility surged
Thu, Jul 09, 2020     Source : Financial Express
Giving up their 5-day winning spree, domestic benchmark indices ended in the negative territory on Wednesday.
NEWS
Economy limps back to normalcy, show trends
Thu, Jul 09, 2020     Source : Mint
Economic activity in India seems to be gradually inching towards pre-covid-19 levels with the latest data from Google showing an uptick in mobility trends.
NEWS
Top consumer sector shares that may beat coronavirus woes, even as pandemic hits consumption
Thu, Jul 09, 2020     Source : Financial Express
Analysts at research and brokerage firm Axis Capital noted that staples have recovered smartly, almost back to pre-COVID on exit basis while discretionary is witnessing a pent-up led boost in June
NEWS
PMS schemes gain in June; 70% beat Nifty over one year, shows data
Thu, Jul 09, 2020     Source : Business Standard
For the quarter, about a third of the schemes managed to beat the benchmark index
NEWS
Global economy to contract by 5.2 per cent in 2020: Report
Thu, Jul 09, 2020     Source : Economic Times
The report said any recovery into 2021 (even without a second bout of the pandemic) is going to be curtailed by several factors.
NEWS
Downward revision of growth by agencies shows lockdown impact; June data points to uptick: EY
Thu, Jul 09, 2020     Source : Economic Times
EY's current assessment of India's 2020-21 real gross value added (GVA) growth is 1.9 per cent provided that India sticks to its infrastructure funding plans.
NEWS
Tata Sons in talks to acquire AirAsia India stake at a steep discount
Thu, Jul 09, 2020     Source : Business Standard
The Tata group is likely to tie up with other financial investors to acquire its Malaysian partner's 49 per cent stake in AirAsia India, said banking sources.
NEWS
Production hubs in coronavirus snare, industry wary
Thu, Jul 09, 2020     Source : Mint
A surge in coronavirus cases in the industrial hubs of Aurangabad in Maharashtra and Ballari in Karnataka has left Indian industry worried as more disruptions will lead to widening losses just as the hubs ...
NEWS
Railways on track to step up services with new safety norms
Thu, Jul 09, 2020     Source : Business Line
Resumption of normal services still a long way off
NEWS
Nasdaq ends at record high as Wall Street rises with tech shares
Thu, Jul 09, 2020     Source : Economic Times
Apple Inc and Microsoft Corp provided the biggest boosts to the Dow and S&P 500, with the S&P 500 technology index up 1.6% and leading sector gains
NEWS
The pandemic is making it harder for Indian banks to hold on to margins
Thu, Jul 09, 2020     Source : Mint
Interest rates in India have been on a downward trajectory for more than 18 months.
NEWS
PSU stocks zoom on hope of bagging orders from government
Wed, Jul 08, 2020     Source : Mint
Shares of public sector undertakings (PSU), especially in the defence and telecom sectors--Bharat Electronics, Mishra Dhatu Nigam Ltd, Hindustan Aeronautics Ltd, Bharat Earth Movers Ltd, Bharat Dynamics--s...
NEWS
Bull run pushes market valuations to 10-year high; Nifty ends at 10,800
Wed, Jul 08, 2020     Source : Business Standard
After 5 consecutive days of gains, the Nifty 50 index on Tuesday ended at 10,800, its highest close since March 6-before India imposed lockdowns and the economic went through a virtual halt
NEWS
Banking stocks help Sensex, Nifty end higher for the fifth straight session
Wed, Jul 08, 2020     Source : Financial Express
The foreign portfolio investors on Tuesday bought stocks worth $110.9 million, according to the provisional data on the exchange.
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