Large shorts in Bank Nifty an ominous sign | DMart Q4 show a hit! | SIPs are your best bet now

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DAILY BRIEF Sat, May 23, 2020 #Q4Results#Coronavirus#StimulusPackage#ExpertViews#StockRecos SENSEX 30672.59 -260.31 NIFTY 50 9039.25 -67.00 Gold 47060.00 672.00 USD/INR 75.96 0.34

TOP OF THE DAY Avenue Supermarts Q4 profit jumps 42% YoY to Rs 272 crore The company had reported a net profit of Rs 191.57 in the same quarter a year ago. Sino-US tensions, cloud over banks to keep market weak! Bank Nifty sees huge shorting as fears of rising NPAs loom No directional move likely on either side; protect profits Silver poised to rally again, suggests past trends Rights issue, buyback: What to read in these actions BSE, NSE to offer options on gold, silver from June

RECOMMENDED FOR YOU Brave New World: Will bearish sentiment ever ease? Market cap of Amazon is now higher than the market cap of DAX Escalating global tensions, cloud over banks to keep market weak! Indian bourses will mirror their economic trajectory going forward. Covid Impact: 43 out of 153 listed entities avow pandemic's material impact Companies see impact on future revenues, costs and contracts due to Covid-19 crisis Financial stocks with more worries lead markets lower Bank Nifty declined 2.6 per cent to close at 17,278.90.

Top Gainers NSE 1 company (largecap) appreciated more than 5% Zee Ent. 6.04% More from Gainers Top Losers NSE 7 companies (largecap) price decreased more than -5% M&M Financial -6.42% Shriram Tran Fin -5.90% More from Losers 52 Week High NSE 21 companies touched new 52-week high today Vinyl Chemicals 15.34% Prakash Steel 8.33% More from 52 Week High

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Brave New World: Will bearish sentiment ever ease? Market cap of Amazon is now higher than the market cap of DAX Economy may require one more booster dose: SBI Franklin appoints counsel to maximise recovery in Essel bonds A gold vault in London is key to a $62 billion ETF's success

Market moguls Podcast Video Loan moratorium extension has two sides; the second one is ugly for banks Investors' Guide: Why mutual fund SIPs are the best thing to be with now? Sensex sheds 260 points, Nifty ends below 9,050; banking stocks drag

RECOMMENDATIONS JK Lakshmi Cement Ltd. Buy JK Lakshmi Cement, target price Rs 310: Motilal Oswal Buy Tata Steel Ltd. Buy Tata Steel, target price Rs 330: Edelweiss Buy Dr. Reddy's Laboratories Ltd. Stock Ideas: Edelweiss has a buy on Dr Reddy's, target price Rs 4,500 Buy Strides Pharma Science Ltd. Buy Strides Pharma, target price Rs 495: Motilal Oswal Buy Hindustan Zinc Ltd. Neutral on Hindustan Zinc, target price Rs 195: Motilal Oswal Neutral

JPMorgan sees 'currency debasement' payback risk from stimulus The risk of a surge in inflation will remain trivial in 2020 Dalal Street this week in six charts DCB Bank Q4 results: Profit slips 28% to Rs 69 crore Wall Street week ahead: Investors look beyond drug makers

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