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Bandhan Bank Accelerates Shift Away From Group Micro-Lending
Shares of UPL Ltd. jumped as much as 7.2%, the most since March 30, after broking firm CLSA said the fertiliser maker is in for a positive surprise.
Favourable macro conditions and peer commentary point to a strong FY22 for UPL, according to CLSA. "2021 is set to continued improvement in spending on agricultural inputs, driven by better agronomic conditions, rising crop prices, a rebound in demand from China, and better farm sentiment."
UPL will report its earnings on May 12.
Coal India Ltd. rose 5.3%. Trading in the company's call options was triple the average. Trading volume was quadruple the average for this time of day.
Analysts Cheer UltraTech Cement’s Cost Cuts, Volume Growth In Q4
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Passenger vehicle registrations in April were 208,883 units, compared with 279,745 units in March, according to data released by the Federation of Automobile Dealers Associations.
Other Large Trade Alert
“We believe the market could be very volatile depending on how the Covid-19 situation evolves but any deep correction is quite unlikely, making this phase a ‘vulnerability phase’ within the overall bull market context,” analysts led by Amit Sachdeva, at HSBC Securities and Capital Markets (India) Pvt. wrote in a note. Vaccine drives and the overall trend of active cases will be key catalysts for the market, they added.
Investors Gird for Fallout as Indian States Lock Themselves Down
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