Sensex, Nifty Drop Most In Six Weeks As Banks, Miners Drag
A trader monitors financial data on computer screens at ETX Capital, a broker of contracts-for-difference, in this arranged photograph in London, U.K. (Photographer: Chris Ratcliffe/Bloomberg)
9 years ago
Sensex, Nifty fall most since March 22; Metal stocks slump.
- Q4 profit Rs 60.11 crore versus Rs 11.32 crore YoY
- Revenue Rs 231 crore versus Rs 190 crore YoY
- Total Costs Rs 150 crore versus Rs 115 crore
- Shares of building products retailer rose as much as 3.1% to Rs 716, most since April 2017
- Q4 net profit Rs 19 crore vs Rs 17 crore last year
- Q4 revenue Rs 600 crore vs Rs 570 crore last year
Government notifies Banking Regulation (Amendment) Ordinance, 2017. pic.twitter.com/u03tlCpc2y
— BloombergQuint (@BloombergQuint) May 5, 2017
- IPO fully subscribed on final day of offer
- Gets bids for 28.6 crore units vs 25.1 crore units offered at 11:30 am
- Nifty -0.82% at 9,283; Sensex -0.84% at 29,875
- Tata Motors -3.9%; Tata Steel -2.3%
- S&P BSE Metal index -3%, S&P BSE Auto index -1.1%
- DB Corp: 28 lakh shares change hands in a block
- ICICI Bank: 20 lakh shares change hands in a block
*Buyers and sellers were not immediately known
- Shares down as much as 2.2% to Rs 426, lowest since May 2016
- Sales at its British luxury carmaker Jaguar Land Rover fell 2.3% to 40,385 units in April
- Analyst consensus price target is 22% above current price: Bloomberg data
- Emami: (-2.1%): Q4 net income Rs 83.3 crore vs estimate Rs 117 crore last year
- L&T Finance (+0.3%): Q4 net profit Rs 316 crore vs estimate Rs 277 crore
- L&T Infotech (+3.6%): Q4 net income Rs 245 crore; unchanged from last year
- Multi Commodity Exchange (-2.9%): Q4 net income down 51% to Rs 21.9 crore
- Oberoi Realty (+3.3%): Q4 net income Rs 102 crore vs estimate Rs 88 crore
- Tata Communications (-3.5%): Q4 net loss Rs 262 crore vs loss Rs 258 crore last year
- Shares of oil refiners and aviation stocks gained between 1.5% to 6%
- Weak oil prices help improve margins for domestic refiners and airline companies, as India meets over 80% of its crude oil requirements through import
- Bharat Petroleum Corp. (+1.5%), Hindustan Petroleum Corp. (+1.1%), Indian Oil (+0.93%)
- Jet Airways (+4.2%), SpiceJet (+6.2%), Interglobe Aviation (+2.9%)
- Brent crude for May settlement dropped 2.6% to $47.13 per barrel
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- Strides Shasun: Exited probiotic and African generic manufacturing business.
- Oberoi Realty: Approved raising of funds up to Rs 1,500 crore via NCDs and by way of equity shares worth Rs 750 crore.
- SunFlag Iron and Steel: Board approves a 50:50 joint venture with Uttam Galva Metallics for an investment of Rs 5 crore.
- Varun Beverages: Begins commercial operations at its new plant in Hardoi District of Himachal Pradesh.
- Time Technoplast: American Fund Insurance Series sold 14.2 lakh shares or 0.6 percent stake at Rs 127 per share.
For a complete list of stocks, click HERE
WTI crude below $46 for the first time since November; Brent below $49. https://t.co/7WUN8S1cAN pic.twitter.com/NaejVNloFs
— BloombergQuint (@BloombergQuint) May 4, 2017
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