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The daily count of coronavirus cases in India has crossed 50,000 for the first time in five months. While overseas investors have stepped up selling of local stocks on account of rising infections, a strengthening dollar and elevated bond yields in the US, the cautious sentiment is reflected in the shrinking premiums of soon-to-be-listed companies in the unofficial grey market.
Ahead of Market: 12 things that will decide D-Street action on FridayInfo Edge, Dhani Services, Infibeam Avenue, 3M India, Firstsource Solution, HDFC AMC and Zomato witnessed strong selling pressure and hit their 52-week lows, signalling bearish sentiment on the counters.
from Stocks-Markets-… Read MoreRate actions show RBI's flexibility, will help markets: SBI chief Dinesh KharaEarlier in the day, RBI Governor Shaktikanta Das delivered a video message in which he spoke about the six-member rate-setting panel having met off-schedule, and announced a 0.40 per cent hike in the repo rate and 0.50 per ce… Read MoreRIL Q4 Takeaways: $100 billion revenue, ARPU inches higher, retail biz breaks records & othersRIL became the first-ever company in India to report over $100 billion in annual revenue. The company reported a record annual consolidated revenue at Rs 7,92,756 crore ($104.6 billion), which rose 47 per cent year-on-year (Y… Read MoreEquitas Small Finance Bank Q4 Results: Firm posts profit of Rs 120 croreThe bank has made an additional standard assets provision of Rs 26 crore, taking the total provision to Rs 123 crore against Rs 97 crore earlier.
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… Read MoreHow does India stack up in the global picture? Ray Dalio shares his views
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