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Indian equity markets managed to hold on to gains but ended off the highest point of the day, with the NSE Nifty 50 index reversing from its 200-Weekly Moving Average.
The S&P BSE Sensex ended 0.5% higher at 34,911. The index fell over 300 points from the day's high of 35,213.
The NSE Nifty 50 index could not sustain above its 200-WMA of 10,375 and fell over 80 points from the day's high of 10,393. The index closed 0.65% higher at 10,311.
However, both benchmark indices continued to remain at a three-month high and gained for the third straight day.
Among the sectoral indices, the PSU Bank index emerged as the top gainer, ending 3.9% higher and gained for the third straight day. The Nifty Media, Nifty Pharma and Nifty Metal index ended with gains between 2-2.5% each.
Nifty I.T. was the only sectoral laggard, ending 0.25% lower.
Market breadth remained in favour of the advances. 1,324 stocks on the NSE ended with gains while 542 posted losses.
Shares fell as much as 1.6% to Rs 1,590 and are down for the second straight day.
Shares fell to the day's low of Rs 1,295, down 3.4% and snapped a four-day losing streak. It is also the second worst performer on the Nifty Midcap Index.
Shares gained as much as 4.7% to Rs 410 and have gained in five out of the last six trading sessions.
The Board of Directors of the company have approved the allotment of 1,500 rated, secured, redeemable, listed Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each.
The NCDs, amounting to Rs 150 crore have been allotted to Central Bank of India.
The tenor for the issue is 18 months from the date of allotment and will attract a coupon rate of 6.6% per annum, payable on a half yearly basis during the tenure of the issue.
Shares are trading little changed at Rs 1,372.5 and are up for the third straight day.
Shares gained as much as 3.45% to Rs 13.5 and are up for the third straight day.
Shares gained as much as 3.3% to Rs 839.9 and are up for the third straight day.
The ship building and ship repair company reported a net profit of Rs 137 crore for the quarter ending March, a 44% growth compared to the same quarter last year.
Revenue for the company remained flat at Rs 861 crore.
Revenue from the company's ship building business rose 7.6% to Rs 712.55 crore while that from the ship repair segment fell 17% to Rs 104.1 crore.
The board has also declared a final dividend of Rs 15 per share for FY20.
It has acquired an additional 26% stake in Hoogly Cochin Shipyard, making it the wholly-owned subsidiary of the company. It earlier held 74% stake.
Shares gained as much as 9.5% to Rs 319.9 and now trade 5.5% higher.
Let's take a look at how benchmark indices across Europe have opened:
The company has approved the promoter's proposal to delist its equity shares from the exchanges.
The board took on record the due diligence report submitted by the company's merchant banker and has approved the proposal, according to its exchange filing.
Floor price of the delisting has been determined at Rs 33.82 per share, which is a discount to the current market price.
The company will now seek shareholder approval for the same through a special resolution via a postal ballot and e-voting.
Shares fell as much as 5.4% to Rs 35.95, post the announcement.
Shares gained as much as 15.3% post the announcement to Rs 17.93. The stock is up for the third straight day, adding to Friday's gain of 16.5%.
The housing finance company's Net Interest Income fell 8.2% compared to last year to Rs 1,155 crore while net profit declined 39.2% to Rs 421.4 crore.
With regards to the impact of Covid-19 on the business, the company said that it is not possible to determine the exact impact of the pandemic on the business due to uncertainty in its duration and impact on human life.
The board has declared a dividend of Rs 8 per share of Rs 2 each for FY20.
Brokerage firm Jefferies has maintained its underperform rating on the stock for a price target of Rs 225, citing inadequate provision buffers. The brokerage also expects muted loan growth, asset quality pressures to weigh on earnings going ahead.
Shares fell as much as 5.4% to Rs 269.4 on the National Stock Exchange.
The drugmaker has received a tentative approval from the U.S. FDA for the Rivaroxaban tablets, 10, 15 and 20 mg.
The approved ANDA is used in reducing the risk of stroke and in treatment of deep vein thrombosis among many other illnesses, the company said in an exchange filing.
The Rivaroxaban tablets 10, 15 and 20 mg had an estimated market size of $6.1 billion for the 12-month period ending March 2020, according to the IQVIA.
This approval has taken the company's total ANDA approvals from the U.S. FDA to 124 (110 final and 14 tentative).
Shares gained as much as 3.9% to trade at an all-time high of Rs 983.15.
Shares gained as much as 4.35% before cooling off. The stock now trades 1.9% higher at Rs 35.15.
The recently rescued lender informed the exchanges that it will not be making coupon payments on the 10.25% Upper Tier-II bonds.
The bank said that it has acted upon communication from the Reserve Bank of India that declined payment of interest as the bank currently does not meet minimum capital requirements.
The unpaid interest amount will be accumulated and paid by the bank later, subject to the bank complying with stipulated regulatory requirements, according to the statement.
Shares currently trade flat but with a positive bias at Rs 28.2 per share.
Shares gained as much as 1.9% to Rs 915.3, and are up for the third straight day.
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Indian equity markets opened higher for the third straight day, led by index heavyweights. Benchmark indices continue to trade at a three-month high.
The S&P BSE Sensex opened 0.5% higher at 34,892 while the NSE Nifty 50 index opened at 10,318, up 0.75%. Heavyweights like Reliance Industries and HDFC twins were among the top gainers.
India's Volatility index opened close to 5% lower and is back below the mark of 30.
Among the sectoral indices, the Nifty Pharma index opened 2.2% higher led by gains in Cipla and Glenmark while the Media, PSU Bank and Realty indices opened with gains between 1.5-2%.
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