: Latest #StockMarketNEWS by #MunafaSutra Daily Updates Bharti Airtel shares surge 5%, near record high of Rs 569

@StockMarketNEWS Tue 12 May, 2020

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Bharti Airtel shares surge 5%, near record high of Rs 569
The stock was trading higher for the third straight day, up 5% at rs 563 on the bse.

RIL declines 6% on profit booking; stock to turn ex-rights on Wednesday
In the past 31 trading days, the stock of ril has outperformed the market by surging 78 per cent, as compared to a 21.5 per cent rise in the s&p bse sensex
till monday

Crude oil may struggle to top /barrel mark despite a glimmer of optimism
S&p global platts analytics estimates gasoline demand destruction in the broader asian region, excluding china, probably peaked in april, with a year-on-year
decline of 17% or 700,000 barrels per day

Morgan Stanley sees 3% contraction in global GDP; 12% dip in MSCI EM index
The global economy appears headed to its most severe recession in the post-war era, although there is a fair chance of rapid rebound in the second half
of 2020-2 on unprecedented policy easing

Financials under pressure; Shriram Transport, AU SFB hit lower circuit
Nifty financial services, nifty bank and nifty private bank indices were down 2.7 per cent each, as compared to 1.5 per cent decline in the nifty 50 index

IndiGo, SpiceJet surge up to 5% on report of resumption of domestic flights
The move to allow flights comes after the government permitted resumption of passenger train services from may 12. both rail and flight services have been
suspended in india since march 25

Piramal Enterprises tumbles 10% after posting net loss of Rs 1,703 cr in Q4
The company made provisions in the financial services business to the tune of rs 2,963 crore in q4fy20, up more than 200 per cent

Asian Paints declines for 11th straight day on uncertain demand outlook
Analysts at goldman sachs see significant risks to sales growth as they expect consumers to down-trade and extend the re-painting cycle given the macroeconomic
slowdown.

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