After witnessing sharp weakness on Monday, Nifty shifted into a mixed trend with range bound action in the last couple of sessions.

The Food Corporation of India (FCI) has been able to buy half of its wheat procurement target of 40.7 million tonne by Wednesday despite a delayed start this year as Punjab has exceeded expectation by purchasing nearly 75% of its target in only 22 days.

Most of the sectoral indices were trading in deep sea of red. Nifty FMCG index dropped 1.33 per cent weighed by Godrej Consumer Properties, Britannia, Dabur India and Marico.

If history is any guide, adversity offers maximum value. The global financial crisis in 2008 culminated in the index being up nearly 100% in 2009.

The broader markets outperformed the headline indices. S&P BSE MidCap index fell 0.53 per cent or 61 points at 11,420. While BSE SmallCap index declined 0.14 per cent or 15 points to end at 10,687

In the wake of Franklin Templeton wounding up six of its debt mutual fund schemes, India’s largest mutual fund distributors body has urged the Reserve Bank of India to set up a SPV to buy portfolios from troubled fund houses and pay off investors.

In the morning session, BSE Sensex reclaimed 32,000-mark while Nifty 50 was trading near its crucial 9,400. These five stocks in action today

On MCX, gold June futures were trading Rs 153 or 0.33 per cent down at Rs 46,008 per 10 grams. Silver July futures were ruling at Rs 43,265 per kg, up Rs 142 or 0.33 per cent.

Various news flows viz., stake sale by Reliance Industries in its subsidiary Jio Platforms, block deal in HUL, government’s decision to increase the tax on retail fuel etc., influenced the market movements.

A proxy advisory firm has raised objections to the corporate governance structure at Zee Learn, part of the Essel group, expressing concerns over the company’s capital allocation decision, related-party transactions and acquisition of MT Educare.

The decision was taken after the state agriculture department approached the Central Institute of Cotton Research (CICR), Nagpur, seeking advice against the backdrop of the Covid-19 pandemic affecting the country.

The surge came at a time when the Nifty and Sensex gained 14.4% and 14.6%, respectively. Market experts say this could have been driven by intra-day trading.

It said Axis Bank identified that more than 10% of its customers (25% of its loan book by value) as on April 25 availed the payment moratorium.

Adani Enterprises (AEL), the parent company for the group’s airports and renewable energy businesses, is covered for 12 months of payments amid the lockdown-related economic disruptions, the management said.

Varun Beverages (VBL) reported a strong growth in volumes, Ebitda and earnings during Q1CY20. This was, however, led by the acquired territories of south & west not there in the base.

A Barclays report estimates that the central government’s revenue benefit from the additional hikes in fuel taxes could be as much as Rs 1.4 lakh crore on an annual basis.

Since Franklin Templeton Mutual Fund closed six debt schemes on April 23, there has been a rush by the investors to redeem the money from several categories of debt schemes like credit risk funds and low duration funds.

Retail experts estimate that the current situation might wipe off 10% of e-commerce companies’ annual GMV in the country.

The credit score algorithm now monitors your three-year credit history compared to the earlier two-year period. It also has new credit attributes along with other additional features.

Additionally, the quantum of advance payment that discoms need to furnish as security has been reduced to half till June 30.

At present, people are choosing to access cash through the BC channel rather than going to branches where they will come in contact with other people or to ATMs which are not being sanitised.

A study by two India-origin researchers at the University of Cambridge, is based on the SIR approach, but takes into account age and social contact structure to assess the impact of the lockdown and social distancing measures adopted before it.

After a fiscal that saw the pace of work slowing down, a first for the NDA govt, FY21 is likely to be impacted by Covid-19 and its aftermath.

A few tips on how to use Alexa and Amazon smart speakers while you are stuck at home.

Startups must maintain their financial health by conserving cash, cutting down on costs and renegotiating their existing contracts.

Easing financial burden, preventing project failures and protecting jobs are a must if sector’s to preserve its health.

As per the tender, a bidder should have a minimum turnover of Rs 8,000 crore each in the last two years (2017-18 and 2018-19 in case of financial year and 2017 and 2018 in case of calendar year.

AIMO has requested the government to look at protecting the elders and senior citizens of the country and allow the working class to return to their livelihoods, by introducing a citizen risk assessment module.

Internet Service Providers Association of India (ISPAI) said this was a good opportunity for the sector. The association also raised its long-standing demand of allowing active infrastructure sharing to include internet service provider (ISP) players, which is available to all other licences.

The official also said as the social distancing norms will remain in effect in near future, it has to start conducting its discussions and other work online.

Women entrepreneurs will soon be able to market their products globally using an accessible online platform to be created by the Women and Child Development Ministry in collaboration with ebay.

"Students say that they believe in giving exams without cheating" Sharma said.

If Digital India delivers on its promise, rural Indians are likely to outnumber urban Indians online.

Interview: Mrutyunjay Mahapatra, deputy MD and chief information officer, State Bank of India.

The initial public offering of Central Depository Services (CDSL) was subscribed by 2.09 times on Monday, the first day of its offering with investors bidding for 5.19 crore shares against 2.48 crore shares reserved.

State Bank of India (SBI), may approach the debt market to issue additional tier-1 bonds or perpetual bonds, according to sources in the bond market.

Investors in ACC have reason to cheer as volume posted double digit growth in Q2CY17, up 10% y-o-y, after a gap of >5 years and is set for ~10% jump in CY17, on low base of ~9% dip in H2CY16.

Kotak Mahindra Bank on Thursday reported a surge in its first quarter net profit while maintaining the asset quality.

The new dealerships will be known as ARENA and will be well equipped digitally to cater to the demand of the tech savvy customers.

Fino Payments Bank aims to break even in the next 18-24 months, executive vice president and head-products & alliances Ashish Ahuja tells Mitali Salian.

With India exporting roughly one-third of its cotton yarn production every year, trends in export demand play a crucial role in determining the overall performance of the domestic spinning sector. 

Finance minister Nirmala Sitharaman in the FY20 Budget abolished MDR charges for all merchants having a turnover of over Rs 50 crore which would lead the payment companies taking a hit on their margins.

Growth was already slowing before the corona outbreak; forcing industry to pay full wages imperils MSMEs’ survival

Even a 25% fall in their incomes due to the lockdown will make 354 mn more people poor. fixing this with cash transfers will cost the govt Rs 19,500 cr per month.

As for MFs, many of them are backed by strong parents—in India and overseas—and this is the time for them to support their offspring.

Globally, experts are looking at “excess mortality” or mortality gaps as another measure of the coronavirus death toll. This approach compares the number of deaths during a certain period to the historical average.

Government orders on waiver of rents impinge on contractual rights.

While this makes China the first country formalising digital currency—Bitcoin alternatives have existed for long now—it also sounds the bugle for other central banks to join the race.

Building infrastructure to enable remote working will boost economy.

It is high time to scale up the fiscal relief measures, with a special emphasis on “Basic Income”.