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After trading in a range for most parts of the trading day, Indian equity markets witnessed a sell-off in the final hour to end lower for the second straight day.
The S&P BSE Sensex fell over 850 points from its day's high of 32,264 to end at 31,453, down 0.8 percent.
The NSE Nifty 50 ended at 9,205, down over 250 points from the highest point of the day at 9,490. The index shed 0.95 percent in today's trading session. 35 out of the 50 index constituents ended with losses.
Banking stocks were the major laggards in today's trading session. The Nifty PSU Banking index was the top sectoral laggard, ending 3.1 percent lower due to losses in SBI while the Nifty Banking index too ended with cuts of 2.2 percent.
Among other sectoral indices, Nifty Pharma, Nifty FMCG and Nifty Realty fell between 2-3 percent.
The company has informed the exchanges that production has resumed across all manufacturing locations of the company and that corporate offices have resumed work only with 'critical staff.'
It has also informed of launching various new products across healthcare, home and personal care and food categories. These products range from Tulsi Juise to immunity kits, air sanitisers and hand sanitisers.
Shares fell as much as 3.9 percent to Rs 450.30 and are down for the second straight day.
The life insurance player saw a 5 percent rise in its gross premium in the fourth quarter to Rs 11,937 crore. This compares to the Rs 11,376 crore figure during the same period last year.
Net profit rose 16 percent year-on-year to Rs 531 crore while VNB Margins for FY20 expanded to 20.7 percent from 20 percent.
The 13th month persistency ratio for FY20 stood at 86.14 percent from 85.07 percent.
Shares gained as much as 6.84 percent to Rs 734.70 before cooling off.
Shares fell as much as 3.15 percent to Rs 140 and are down for the fourth straight day.
17.3 lakh shares of the company have exchanged hands in a single large trade on the National Stock Exchange, as per Bloomberg data.
Buyers and sellers of the trade were not immediately known.
Shares are off the day's high but trade with gains of 0.8 percent at Rs 92.05.
Here's a look at how benchmarks across Europe have opened:
Shares that were trading with gains of as much as 5.2 percent have fallen of the day's high post the announcement and now trade 1 percent higher at Rs 623.70.
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Shares of the Non-Banking Finance Company fell as much as 4.48 percent to Rs 17 in today's trading session.
India Ratings and Research has placed the company's bank facilities under Rating Watch Negative due to the Covid-19-led Lockdown which is likely to have an impact on the company's asset quality.
Shares are down for the second straight day on volumes that are 0.6 times higher than its 30-day average.
Shares gained as much as 3.7 percent to Rs 279.85 after a 13 percent fall in Monday's session.
Shares of the indigenous seed company gained as much as 5.2 percent to Rs 286 in today's trading session.
In an update to the shareholders on Monday, the company informed that it has managed to to receive 92 percent of the targeted seed production from the fields. The rest of the 8 percent will be received by May 15.
It also informed shareholders that all the company's plants are now fully operational.
Shares are up for the seventh straight day and have rebounded over 125 percent from its 52-week low of Rs 126.25 on March 30, 2020.
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The currency opened marginally stronger in today's trading session after having the biggest single-day fall in a month on Monday.
The rupee opened at 75.66 against the U.S. Dollar as compared to Monday's closing of 75.72.
Yield on the 10-year bond opened at 6.085 percent as compared to Monday's close of 6.083 percent.
The Mumbai-based private lender informed the exchanges that it will consider raising funds at its board meeting on May 9.
The fund raising will be considered by way of issuance of debt securities including NCDs, bonds, notes, offshore certificates among other, as per the bank's exchange filing.
The fund raise can be considered in single or multiple tranches and through public or private placement.
The stock gained as much as 3 percent to Rs 348.30 after ending 11 percent lower in Monday's trading session.
A committee constituted by the company's Board of Directors has approved offering Non-Convertible Debentures (NCDs) aggregating up to Rs 1,000 crore.
These NCDs will be rated, listed, unsecured and redeemable in nature as per the company's statement to the exchanges.
The NCDs will be offered in three tranches of Rs 500 crore, Rs 300 crore and Rs 200 crore respectively. The tenor on each of these is 875 days, 934 days and 965 days respectively. These NCDs will be listed on BSE and NSE.
Shares gained as much as 3.46 percent to Rs 86.80 on the National Stock Exchange.
Shares are off its opening highs, gaining as much as 3.1 percent to Rs 50.85.
Shares of the FMCG company gained as much as 6.1 percent to Rs 301.9 after its fourth quarter earnings.
The company reported a volume de-growth of 3 percent in its India business while its overall volume de-growth stood at 4 percent.
It has maintained its medium-term projections of 13-15 percent revenue growth and 8-10 percent volume growth.
Most brokerages too have maintained their stance on the stock citing its performance to be better than its peers.
Shares have snapped a five-day losing streak and are the top performer on the Nifty FMCG index.
Indian equity markets staged a rebound after Monday's 6 percent drop despite thin trading in Asia. Futures on the Dow Jones currently trade higher by 190 points.
The S&P BSE Sensex opened 1.47 percent higher at 32,182. The index had shed 2,000 points in Monday's session.
The NSE Nifty 50 index opened at 9,429, up by 1.46 percent. All but one stock in the 50-stock index opened with gains.
Among sectoral indices, the Nifty Bank and the Nifty Metal index opened with gains of 2 percent. Both indices had declined 8 percent in Monday's trade. Auto, FMCG, Media and Realty indices opened with gains between 1-2 percent.
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