Market close
: Benchmark indices ended lower on volatile day with Nifty fell to hold 11,750 level.
At close, the Sensex was down 50.12 points at 38981.43, while Nifty was down 23.40 points at 11724.80. About 1053 shares have advanced, 1442 shares declined, and 163 shares are unchanged.
Yes Bank, Bharti Infratel, Power Grid Corp, HDFC Bank and Hero Motocorp were the top gainers on the Nifty, while losers were Britannia Industries, Zee Entertainment, Tata Motors, ICICI Bank and IndusInd Bank.
Among the sectors, except infra all other indices ended in red led by IT, pharma, FMCG, auto and bank.
Buzzing
Share price of Hindustan Zinc declined 2 percent after company net profit fell 19.7% at Rs 2,012 crore, while revenue down 12.5% at Rs 5,491 crore.
Radico Khaitan Q4 result
: Net profit rose 14.2% at Rs 39 crore versus Rs 34.2 crore, revenue up 6.1% at Rs 510 crore versus Rs 481 crore, YoY.
Kansai Nerolac Q4:
Net profit down 12.3% at Rs 93 crore versus Rs 106 crore, revenue up 4.5% at Rs 1,153 crore versus Rs 1,103 crore, YoY.
Rupee at day's high
The Indian rupee is trading at day's high level at 69.50 per dollar versus Tuesday's close 69.56.
MRF Q4 results
Net profit down 14.8% at Rs 293 crore versus Rs 345 crore, revenue up 6.2% at Rs 4,073.5 crore against Rs 3,836 crore, YoY.
Buzzing
Shares of Greaves Cotton rose 4 percent after company board approves buyback of its equity shares for an aggregate amount not exceeding Rs 240 crore
Dabur India Q4 results
: The company has reported 6.5 percent fall in its fourth quarter consolidated net profit at Rs 370.4 crore on the back of of Rs 75.3-crore write-off of goodwill for Turkey business.
Gruh Finance
will hold a shareholder meet on June 4 for approval of the merger with
Bandhan BankPNB housing
to consider raising up to $1 billion via external commercial borrowing, on May 9. The board will also mull issuing NCDs worth up to Rs 10,000 crore in various tranches. - CNBCTV18
Bajaj Auto
reported 1.96 percent rise in total sales at 4,23,315 units in April 2019 compared to 4,15,168 units it sold in the year-ago period.
Lloyd
, one of India’s leading consumer durable brand, on May 2 launched country’s fastest cooling Air Conditioners –
‘Grandè for the upcoming summer season. The new range of ‘Grandè ACs can cool down the temperature to 18 degrees Celsius in just 45 seconds.Eros International Media
Media shares are trading in the red today, down 0.66percent on Nifty. was the biggest loser, down 3.07percent. PVR was up 2.05percent, emerging as the biggest gainer among the constituent stocks.
33 stocks among BSE200 companies have touched their respective 52-week highs. They include RIL, Wipro, Bajaj Finance, Divi's Lab, Dr Reddy, HDFC Bank.
Bandhan Bank Q4 net profit has jumped 68 percent YOY at Rs 650.87 crore.Net lnterest Income (NII) for the quarter grew 45.60 percent at Rs 1,258 crore as against Rs 864 crore in the corresponding quarter of the previous year.Net Interest Margin stands at 10.69 percentagainst 9.32 percentin the corresponding quarter of the previous year.
Market Update:
Sensex is up 65.49 points or 0.17 percent at 39,097.04 and Nifty is up 8.50 points or 0.07 percent at 11,756.70. About 1,015 shares have advanced, 1,160 shares have declined, and 131 shares are unchanged.
IT stocks are under pressure today. Nifty IT index is among the biggest sectoral losers today, down 1.2 percent.
Broad market indices today
Bharat Heavy Electricalssaid ithas successfully commissioned the first two pumping units (116 MW each) of 7x116 MW Kaleshwaram Lift Irrigation Scheme (LIS) Package-6 in Telangana.
Dilip Buildcon
has completed four laning of Lucknow-Sultanpur Section of NH-56 188 days before the scheduled completion time. Hence, the company said, it is entitled to a bonus of Rs 37.9 crore.
Rupee Update: Image Source: Bloomberg
Mahindra & Mahindra April sales
The company sold 43,721 vehicles in April 2019, against 48,097 vehicles during April 2018.
Bajaj Auto sales numbers
The company's total sales at 4,23,315 units against 4,15,168 units in April 2018, up 2 percent.
L&T construction bags orders
The metallurgical and material handling business of L&T Construction has been awarded a large order from MA'ADEN Gold and Base Metal Company (MGBM), wholly owned subsidiary of Saudi Arabia Mining Company (MA'ADEN) for setting up Mansourah Massarrah Gold project.
Buzzing
Shares of Maruti Suzuki India slipped nearly 2 percent in the early trade on May 2 after company reported weak sales numbers for the month ended April 2019.
Market Opens:
Indian indices are opened flat with negative bias on Thursday with Nifty around 11,700.
At 09:18 hrs IST, the Sensex is down 61.16 points at 38,970.39, while Nifty is down 22.50 points at 11,725.70. About 414 shares have advanced, 445 shares declined, and 59 shares are unchanged.
Yes Bank, Eicher Motors, Jet Airways, IndusInd Bank, Tata Steel, Hindalco, Vedanta, TVS Motor, Maruti Suzuki, HPCL, BPCL are among major lower in the early trade, while gainers are ONGC, IOC, JSW Steel, Britannia HDFC Bank and ITC.
Expect Infra and FMCG, all other sectoral indices are trading in red led by auto, IT, metal and pharma.
Rupee Opens
The Indian rupee opened lower at 69.61 per dollar on Thursday versus 69.56 Tuesday.
Market at pre-open:
Benchmark indices are trading flat in the pre-opening session.
At 09:03 hrs IST, the Sensex is up 21.83 points or 0.06% at 39053.38, and the Nifty down 10.80 points or 0.09% at 11737.40.
Maruti Suzuki, Eicher Motors, are trading lower in pre-opening, while Britannia and Kotak Mahindra Bank are trading higher.
Asian markets trade lower
Asian markets marked time on Thursday with two major centres - Japan and China - shut for holidays while the dollar held on to overnight gains after the US central bank poured cold water on rate cut expectations.
Wall Street ends lower
US stocks ended lower on Wednesday and the S&P 500 snapped a three-day streak of record high closes as comments from Federal Reserve Chairman Jerome Powell appeared to dampen hopes the central bank could move later this year to cut interest rates.
SGX Nifty
Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 56 points or 0.47 percent. Nifty futures were trading around 11,793-level on the Singaporean Exchange.
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