“In reality, most market participants had been pencilling in a decline in Q2 GDP of ‘around’ 20% for some time now so yesterday’s release from the ONS didn’t come as too much of a surprise even if the magnitude of the contraction dwarfs anything any of us have experienced before,” RBC strategists said. … [Read more...] about Pound set for biggest daily rise in two weeks on Brexit deal hopes
Stocks hitting 52 week low
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The surge in cases continued in Coimbatore and Theni. A total of 385 persons tested positive in Coimbatore, while 365 persons tested positive in Theni. Kancheepuram had 315 cases, while Cuddalore had 219. Ten districts had 100-plus cases. This included Salem 189, Ranipet 178, Vellore 177 and Pudukottai 155. … [Read more...] about Chennai count exceeds 1,000 after a week
Paytm Money, the wealth management subsidiary of Paytm, has announced the launch of stock trading, allowing cash delivery trades for free and intraday trades at Rs 10. Initially, the services are available in its beta version. It onboard customers via a complete digital KYC process and 100% paperless account opening process.Currently, the feature is available only for Android and web users and will be followed by iOS users in a few weeks. The early access to the stock trading feature is only available to a limited set of users to get the responses and feedback and eventually the app will launch the services to all in a few weeks.Paytm Money has included the option to allow the users including seasonal investors to do market research and set price alerts up to 50 stocks where the app will notify when the price is reached and also real-time price changes can be tracked. The app has included advance options like cover order and bracket order. Further, there is a build-in calculator which … [Read more...] about Paytm Money launches stock trading features for limited users
Many largecaps saw dull trading such as property developer VIC reversing course and ending lower. Some others extended their losses by 1.1-1.8% including three lenders VCB, BID, CTG, consumer goods producer MSN, and steelmaker HPG. Of them, HPG was the most actively traded stock of the HCMC market with matching volume exceeding 15 million shares. … [Read more...] about Selling pressure behind stock market’s loss