Earnings data, covid-19 updates, global trends to drive market this week

NEW DELHI : The domestic equity market is likely to be guided by quarterly earnings data, coronavirus-related updates and global trends this week, with bouts of profit-booking at higher levels going ahead, according to analysts. Rising coronavirus infections in Europe had dented market sentiment last week. Concerns over resurgence in coronavirus cases may also play […]

Terrible Thursday: Sensex sinks like Titanic, tanks 1,380 pts from day’s high; what halted 10-day D-St rally

Indian share market benchmarks, BSE Sensex and Nifty 50 witnessed a sharp sell-off in the afternoon deals, erasing the gains made since October 7, 2020. With this, headline indices snapped their 10-day rally, halting the longest daily-winning streak in over a decade. As bears came haunting Dalal Street, BSE Sensex tumbled 1,380.58 points from day’s […]

HDFC Bank Q2: Analysts see sub-20% profit growth despite lower provisions

Private lender HDFC Bank will kick start the July-September quarter earnings season for large-cap banks when it will report its Q2FY21 results on Saturday, October 17. Hit by Covid-19 pandemic, the lender is expected to report a sub-20 per cent YoY growth in net profit for the third consecutive quarter. Above-industry […]

Markets expect any COVID-19 vaccine approved this year to be only 50% to 60% effective, asset manager Balyasny says

The hedge fund manager Dmitry Balyasny has said markets expect any COVID-19 vaccine approved this year to be only somewhat effective, Bloomberg reported. Expectations for an effectiveness rate of 50% to 60% would allow some recovery stocks to rally should a vaccine shot turn out to protect a greater share of people, Balyasny reportedly said […]