BUSINESS
D-Street Buzz: Banks, financials rally as economy comes out of lockdown; PNB, Bajaj Finance jump 4-5%
PSU Bank index surged almost 5 percent led by Punjab National Bank and Union Bank of India which jumped over 5 percent each followed by Bank of Baroda, Canara Bank, Central Bank of India and Indian Bank.
BUSINESS
Britannia share price rises 6%, hits record high after jump in Q4 profit
The company reported a consolidated profit of Rs 374.75 crore for March quarter, registering a 26.1 percent year-on-year growth driven by lower tax cost (down 45 percent YoY).
BUSINESS
Motherson Sumi share up 3% after Morgan Stanley, CLSA remain positive despite fall in Q4 profit
CLSA has cut FY21/22 EPS estimates by 74/30 percent respectively and feels that preliminary plan for 2025 indicates diversification into non-auto segments.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a gap up opening for the index in India with a 97 points gain.
BUSINESS
D-Street Buzz: Kotak Bank, Bajaj Finance jump 5-6%; Tata Motors, SBI most active
The most active securities on NSE in terms of volumes included Vodafone Idea followed by Tata Motors and State Bank of India.
BUSINESS
Tata Power share price up 4% on acquisition of 51% stake in TP Central Odisha Distribution
It was also one of the most active stocks on NSE in terms of volumes with 3,72,54,208 shares being traded.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a flat to negative opening for the index in India with a 20 points loss.
BUSINESS
D- Street Buzz: Banks, financials rally on lockdown relaxation; Bajaj twins jump 6% each
Nifty Financial Services was up over 3 percent led by the Bajaj twins - Bajaj Finance and Bajaj Finserv both up over 6 percent followed by Cholamandalam Investment, Indiabulls Housing Finance, M&M Financial Services, PFC and REC among others.
BUSINESS
CONCOR share price up 2% after Credit Suisse upgrades stock to outperform
The company's total handled physical volumes for the period ended on March 31, 2020 stood at 37,47,758 TEUs, down by 2.13 percent from 38,29,419 TEUs for the period ended on March 31, 2019.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a gap up opening for the index in India with a 136 points gain.
BUSINESS
Trade Setup for Monday: Top 15 things to know before Opening Bell
According to pivot charts, the key support level for Nifty is placed at 9,438.52 followed by 9,296.73. If the index moves up, key resistance levels to watch out for are 9,660.47 and 9,740.63.
BUSINESS
KPIT Tech share price hits 5% upper circuit after CLS Investments buys 19.99 lakh shares
The tech firm on May 27 reported a 23.3 percent rise in consolidated net profit to Rs 38.1 crore in March 2020 quarter. This is against a net profit of Rs 30.9 crore in the year-ago period, KPIT said in a regulatory filing.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a gap down opening for the index in India with a 101 points loss.
BUSINESS
United Spirits share price down 2% on fall in Q4 profit; UBS retains sell
UBS has a sell rating on the stock with target at Rs 480 per share. It said that the company's tax increases are likely to impact consumer sentiment.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a positive opening for the index in India with a 73 points gain.
BUSINESS
D-Street Buzz: Bank Nifty outshines, surges 6% led by Axis Bank; ICICI Bank, Bandhan Bank jumps 6%
Bank Nifty zoomed over 6 percent led by Axis Bank which was the top index gainer, spiking over 11 percent followed by ICICI Bank, Bandhan Bank, Federal Bank, HDFC Bank, IndusInd Bank, Kotak Mahindra Bank and RBL Bank.
BUSINESS
Titan Company shares down 2% as COVID-19 hits businesses
The company said the lockdowns posed challenges to all its businesses.
BUSINESS
Kotak Mahindra Bank gains 2% on QIP launch, to raise up to Rs 7,460.38 crore
Kotak Mahindra Bank has set a floor price of Rs 1,147.75 per share for the offering. The bank's board had sanctioned the fundraising in April.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a positive opening for the index in India with a 54 points gain.
BUSINESS
Nifty Metal gains over 2% led by JSPL, stock ends 13% higher; Credit Suisse maintains outperform call on JSW Steel
JSW Steel, SAIL, Tata Steel, NMDC, Hindalco Industries and NALCO were the other gainers which gained 2-3 percent each.
BUSINESS
IDFC First Bank share price jumps 5% on Q4 results
However, Morgan Stanley and Credit Suisse remain bearish, say asset quality a concern,
BUSINESS
Bharti Airtel share price down 3% on reports of promoter stake sale, volume surge
With this latest block deal for a 2.75 percent stake sale, the promoter and promoter group shareholding in the telco would come down to 56.23 percent from the current 58.98 percent, as per the information available on the BSE website.
BUSINESS
HDFC share price up 2% despite dip in Q4 profit; Credit Suisse retains 'outperform' call
The company reported a standalone profit of Rs 2,232.5 crore for the quarter ended March 2020, declining 22 percent due to higher provisions related to COVID-19.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a positive opening for the index in India with a 77 points gain.
