We have quite a few positive takeaways from Wednesday’s session and a move above 9,158 levels would give a confirmation of temporary bottom. As long as the level of 8,800 is protected on the downside, bulls might have an advantage. Stocks in news: Tata Power, Tata Motors, Kalpataru Power.

In early action, SGX Nifty is seen trading in a negative territory despite a strong rally on Wall Street. The biggest cause of concern for the domestic markets is that India has recorded the biggest single-day jump of 5,611 new Coronavirus cases, taking the nationwide tally of confirmed cases to over 1.06 lakh on Wednesday.

The shares of Dr Reddy’s Laboratories went up by more than five per cent today after the company announced that it has received an EIR for its Bachupally plant-3, located in Telangana.

Extreme behaviour and volatility was seen in the stock markets today unlike previous trading sessions. On Wednesday, Sensex jumped by 2.06 per cent, which is 622.44 to settle at the level of 30,818.61 while, its NSE counterpart-Nifty gained by 187.45 points or 2.11 per cent more than its previous close to end the session in green at 9,066.55 level.

We have analysed the absolute returns given by the Nifty stocks since the start of the lockdown till May 19, 2020. We calculated the absolute change in prices in percentage terms of the Nifty stocks from March 25 to May 19, taking the closing price of the two dates. While we might think that the data will show negative returns only, we have actually seen some positive results too.

The company continues to reduce its debt and as on Q4FY20, its consolidated net debt was at Rs 16,860 crore as against Rs 22,111 in the corresponding quarter of the previous year

Multinational IT Corporation, Infosys Ltd is planning to launch a privacy-first contact tracing solution in association with Rhode Island (US). The partnership will help people and state officials to prevent the spread of Coronavirus cases as well as slow down community transmission of the disease in United States.

Finolex Industries Ltd (FIL), India’s largest manufacturer of rigid PVC pipes & fittings, has increased the turnover discount scheme (TOD) across its dealer network, which is in addition to its already existing TOD that the company pays to incentivise its dealer network.

As every coin has a flip side, mutual funds too are no different in that sense. Fund managers not only buy but also sell. It becomes equally important to know what actually they are selling. So, let’s find out.

The monthly holding report of domestic asset management companies show that they are bullish on pharmaceutical companies and bearish on banking stocks.