Scan to Download
Indian equity markets ended the first trading day of the new week with gains, albeit off the highest point of the day.
The S&P BSE Sensex ended at 31,743 gaining 1.3 percent during the day. The index fell 360 points from its day's high of 32,103.
The NSE Nifty 50 index too fell nearly 100 points from its day's high of 9,377 to end at 9,282 up by 1.4 percent. 42 out of the 50 index constituents ended with gains.
All Sectoral Indices ended the day with gains with the Nifty Bank and the Nifty I.T. index ending with gains of 2.5 percent each. Nifty Auto, Nifty FMCG and Nifty Metal gained over 1 percent, as did the Nifty Realty index.
1,076 stocks on the NSE ended the day with gains while 731 reported losses.
India Considers Proposal to Guarantee $39 Billion of Small-Business Loans
Corporate Debt Market On Edge After Franklin Templeton Winds Down Schemes
The stock has snapped a five-day losing streak, rising as much as 20.1 percent to Rs 30.15 post the announcement. This is the biggest single-day gain for the stock since May 2009.
The company at its board meeting held today has declared a special dividend of Rs 320 per share for FY20.
The record date for the same has been fixed as May 8, 2020, as per the company's press release to the exchanges.
Shares gained as much as 7.9 percent to Rs 4,745 post the announcement with volumes seeing a spike, rising to 1.8 times higher than its 30-day average.
The stock is the top performer on the Nifty Realty Index in today's trading session, gaining as much as 9 percent to Rs 342 before cooling off.
CARE Ratings reaffirmed the ratings of the company's facilities and instruments, revising its outlook to negative from stable.
The stock has snapped a four-day losing streak after posting its biggest single-day decline on Friday. The stock is gaining on volumes that are 0.7 times higher than its 30-day average.
(Source: Bloomberg)
WTI Crude’s Negative Plunge Bares Vulnerability At India’s Largest Commodity Exchange
Lets take a look at how benchmark indices across Europe have opened:
11.3 lakh shares of the company changed hands in a single large trade on the National Stock Exchange, as per Bloomberg.
Buyers and sellers of the trade were not immediately known.
The stock currently trades 1.9 percent higher at Rs 66.25 on the National Stock Exchange.
Structural Changes Needed In Mutual Funds And Credit Markets
Shares are locked in an upper circuit of 5 percent at Rs 152.80 and are up for the fourth straight day.
The stock has snapped a 10-day gaining streak and is locked in a lower circuit of 5 percent at Rs 148.20.
Ratings agency Crisil has downgraded the company's long-term and short-term bank facilities, NCDs and commercial papers. The downgrade reflects the deterioration in the business risk profile given the delayed recovery in cash flows than earlier.
NCDs have been downgraded to A+ with a stable outlook from the earlier rating of AA- with a negative outlook.
The stock was locked in an upper circuit of 5 percent for the last 10 sessions, its biggest winning streak on record.
Shares gained as much as 6.3 percent to Rs 406.90. The stock has snapped a two-day losing streak ahead of its earnings.
The auto parts manufacturer and exporter has informed the exchanges that local district authorities have granted permission to resume operations at its plants in Pantnagar (Uttarakhand) and Aurangabad (Maharashtra).
The notice added that operations will gradually be ramped up to align with the offtake from its OEM customers. The Pantnagar plant has already resumed operations in a phased manner.
Shares rose as much as 7.57 percent to Rs 628.95 and are up for the third straight day. This was the biggest single-day gain for the stock since September 2019 and it now trades at the highest level in a month.
Nifty Bank: April 30 Expiry
Under this window, the banks can extend loans, undertake outright purchase and/or conduct repos against the collateral of investment grade corporate bonds, debentures, commercial papers and certificate of deposits held by Mutual Funds.
Shares of the capital goods company fell as much as 5.44 percent to Rs 364 on the National Stock Exchange.
The company in a conference call stated that the recovery from the disruptions due to Covid-19 is at least 6-12 months away, adding that the pace of normalisation will depend on the supply chain.
The company also stated that the implementation of the new CPCB norms will be deferred by a few months and that the Domestic Powergen business will be the last one to recover.
Shares are down for the second straight day today after it fell 8.2 percent on Friday.
Shares have snapped a four-day losing streak in today's session.
The U.S. FDA has approved the Abbreviated New Drug Application (ANDA) filed by Granules Pharmaceuticals, a wholly-owned foreign subsidiary of the company for Vigabatrin for Oral Solutions.
Vigabatrin for Oral Solution is used as adjunctive therapy for adults and pediatric patients two years and older with refractory complex and partial seizures, as per the company's press release.
The aforementioned drug had sales of approximately $255 million for the 12-months ending February 2020 as per IQVIA health.
Shares gained as much as 4.8 percent to Rs 175.40 and are up for the fourth day in a row. This is the longest winning streak for the stock in nearly two months.
Shares of the private insurer gained as much as 14.2 percent to Rs 384.50 after its fourth-quarter earnings.
The company's Annualised Premium Equivalent for FY20 fell 5 percent while Gross premium in the fourth quarter stood at Rs 10,647 crore, up 5 percent.
Value of New Business in FY20 rose 21 percent to Rs 1,605 crore. The company has maintained its guidance of doubling its FY19 VNB within four years.
The stock snapped a four-day losing streak in today's session.
Shares of the L&T-controlled I.T. company rose as much as 15 percent to Rs 897 post its fourth quarter earnings.
The company's dollar revenue rose 1.2 percent while topline in rupee terms saw a growth of 4.3 percent on a sequential basis. Ebitda margins saw an expansion of 20 basis points to 15.8 percent.
It has also declared a dividend of Rs 10 per share.
Kotak Securities has maintained its reduce rating on the stock, citing a challenging year ahead. It has however raised its price target to Rs 760 from Rs 725.
The stock is up for the third straight day and is the top performer on the Nifty I.T. index.
Indian equity markets began the April series expiry week with gains, tracking positive cues from Wall Street on Friday and modest gains in Asia today.
The S&P BSE Sensex opened 1.1 percent higher at 31,659 while the NSE Nifty 50 opened at 9,259, up by 1.15 percent. All the stocks on the Nifty 50 index have opened with gains. Both benchmark indices snapped a two-week gaining streak last week.
Among sectoral indices, the Nifty Media index opened with gains of 2.2 percent while Nifty Bank, Nifty Auto, Nifty PSU Bank and the Nifty Realty index opened with gains of 1.5 percent each.
1,094 stocks on the National Stock Exchange opened with gains while 271 opened with losses.
Coronavirus India Updates: Total Cases At 27,892; Death Toll At 872
For all that you need to know going into today’s trade, click here.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
