Share Market News Today | Sensex, Nifty, Share Prices Highlights: Out of 30 Sensex stocks, 16 scrips finished trade in red with NTPC as top laggard, down 4 per cent, followed by M&M, Axis Bank, IndusInd Bank and State Bank of India (SBI)

In the morning session, BSE Sensex reclaimed 32,000-mark while Nifty 50 was trading near its crucial 9,400. These five stocks in action today

On MCX, gold June futures were trading Rs 153 or 0.33 per cent down at Rs 46,008 per 10 grams. Silver July futures were ruling at Rs 43,265 per kg, up Rs 142 or 0.33 per cent.

Market regulator SEBI, late Thursday night advised Franklin Templeton to focus on returning investor’s money after the fund house decided to wound up six of its debt mutual fund schemes.

Reliance Industries controlled by Mukesh Ambani, Asia’s richest person, is in discussions with banks for a potential sale of its 4.9% stake in Asian Paints Ltd. through a series of block trades.

HCL Technologies posted strong March quarter numbers with revenue increasing by 16% on-year basis and PAT jumping 22.7% in the same time period. The stock has surged 27% from recent lows and is now down just 10% year-to-date.

Among pharma stocks, the top stock picks of CLSA are Sun Pharma, Cipla, Aurobindo Pharma and Cadila Healthcare, recommending a 'buy' rating on them

Hindustan Unilever share price jumped 4% on Friday to trade at Rs 2,070 per share on the NSE Nifty-50 after a bulk deal that saw French multinational investment bank and financial services company, Societe Generale buy 1,29,00,000 shares.

Fears of deepening global slowdown due to the COVID-19 outbreak and subsequent lockdowns have spooked the markets globally, including in India.  Almost all the equity-oriented mutual fund categories registered net inflows last month.

Various news flows viz., stake sale by Reliance Industries in its subsidiary Jio Platforms, block deal in HUL, government’s decision to increase the tax on retail fuel etc., influenced the market movements.

The National Stock Exchange’s subsidiary NSE IFSC and the Bombay Stock Exchange’s India INX on Friday launched trading in the Indian Rupee-US Dollar Futures & Options contact.

Last month, the fund house had closed six of its debt funds, citing redemption pressures and lack of liquidity in the bond markets. 

Cash flows will be tight and they may also experience delay in the investment cycle, but this is a temporary phase, says Bhaskar Majumdar, managing partner, Unicorn India Ventures (UIV), a Mumbai-based fund house.

FY21/22e EPS lowered by 22-33/9-13%; softer LNG prices a positive; GUJGA and MGL are to be preferred.

There’s absence of catalysts to narrow holdco and conglomerate discount that has risen of late; ‘Hold’ retained with TP of Rs 550.

Margins expected to fall in CY20e; downgraded to ‘Add’ with reduced TP of Rs 330

The lockdown has stalled the rollout of the latest handsets. On the brighter side, popular brands will witness pent-up demand once the lockdown is lifted. Here are some of the smartphones slated to hit the market soon.

What does the new encryption algorithm mean for you, and what other security functionality should users be aware of?

Ashok Leyland, flagship company of the Hinduja group, on Monday announced a slew of initiatives to manufacture and distribute ventilators.

The department of telecommunications (DoT) is understood to have turned down the offer of Vodafone Idea to furnish a corporate guarantee instead of a bank guarantee to cover its deferred spectrum installment for the current fiscal.

A sharp slowdown in the motor business and lower interest rates will put pressure on ICICI Lombard’s FY21E performance.

Small cardamom exports to Saudi Arabia are likely to increase during the current Ramadan season with the Saudi authorities agreeing to accept the globally accepted Codex Food Standards of the United Nations.

Amazon on Monday said the company is seeing demand for various kinds of smart devices and other products like electrical appliances, clothes and work from home enablers in the orange and green zones.

Credit risk funds have seen assets decline by nearly Rs 19,000 crore in April as investors rushed to redeem their money after the closure of six debt schemes by Franklin Templeton Mutual Fund, data showed.

A proxy advisory firm has raised objections to the corporate governance structure at Zee Learn, part of the Essel group, expressing concerns over the company’s capital allocation decision, related-party transactions and acquisition of MT Educare.

Consumer goods major Marico posted a 3% year-on-year (y-o-y) decline in net profit to Rs 204 crore for the quarter ended March 31, while the revenue from operations, at Rs 1,496 crore, declined 7% y-o-y.

The decision was taken after the state agriculture department approached the Central Institute of Cotton Research (CICR), Nagpur, seeking advice against the backdrop of the Covid-19 pandemic affecting the country.

The Tamil Nadu government has announced relaxations allowing industries, particularly export units, to resume operations with standard operating procedure as suggested by the Union government.

With an eye at coronavirus as an opportunity, to put its idle plants to work, state-run Bhel has offered its manufacturing facilities to be used by global manufacturing firms looking to shift base.

According to an official source, CCI had purchased more than 13 lakh bales in 2008 as that year too, cotton prices had nosedived due to the global recession.

With theatres being shut since for over a month now, many small and mid-rung production houses are understood to be in talks with video over-the-top (OTT) platforms for direct-to-digital launch of their unreleased movies.

Nearly 60% employees of GoAir’s will be put on “temporary leave without pay”, the airline’s promoters Nusli and Jeh Wadia in a joint letter informed employees.

Extension of lockdown in India, albeit with some major relaxations, fails to enthuse investors.

Marico's Q4FY20 was expectedly weak on topline but margin beat (lower RM & A&P) drove a positive earning surprise.

A solid security and appreciating asset prices will augur well for Muthoot Finance’s stable asset quality performance during a period when most NBFCs have negligible visibility on their recoveries.

Wipro has signed a memorandum of understanding with the Maharashtra government under which it will repurpose one of its information technology campuses at Hinjewadi in Pune to a 450-bed intermediary care Covid-19 hospital in four weeks and hand it over to the state government by May 30.

Over 200 companies in Pune’s industrial belt of Chakan, Talegaon, Kurkumb, Baramati and Ranjangaon have resumed operations after restrictions were eased on Monday, even as the lockdown continues.

Despite the Gujarat government’s order to pay salaries to workers during lockdown period, lakhs of diamond artisans in Surat have not been paid their wages by their employers, said Diamond Workers Union – Gujarat.

India Ratings and Research (Ind-Ra) on Monday placed Shriram Transport Finance Company’s long-term issuer rating of ‘IND AA+’ on Rating Watch Negative (RWN).

The surge came at a time when the Nifty and Sensex gained 14.4% and 14.6%, respectively. Market experts say this could have been driven by intra-day trading.

Consumer demand for non-essential products with e-commerce firms has increased manifold after the government last Friday lifted the ban on sale of such products by e-tailers.

Hobbled by a shortage of workers, companies are finding it hard to resume operations at an optimal scale and with migrants moving back home, it could be a while before factories hum with activity.

Indian cotton prices have come down by 12-15% due to the ongoing lockdown and fears that the country’s cotton consumption will reduce, resulting in more carry-forward stocks by September 2020, officials of the Cotton Association of India (CAI) said on Tuesday.

The rights issue offers an opportunity for existing shareholders to reap the benefits from RIL’s new and emerging businesses such as digital, telecom and retail business.

With BSNL facing hurdles in its 4G tender for deployment of 50,000 new sites, the state-run firm has decided to upgrade existing 2G/3G sites, so that 4G services can be offered to customers in the coming four-six months.

A report by Jefferies shows that the benchmark Nifty in the last week of April had outperformed other global benchmarks such as Japan’s Nikkei 225, US’ S&P 500 and Hong Kong’s Hang Seng.

It said Axis Bank identified that more than 10% of its customers (25% of its loan book by value) as on April 25 availed the payment moratorium.

Significantly, this was the latest twist in the long battle over the will of Late Priyamvada Devi Birla being fought between the Birla family and the Lodhas.

The Covid-19 pandemic is expected to exert downward pressure on the credit quality of sugar mills by eroding operating profitability and shoring up debt in fiscal 2021.

The edible oils import declined by 34% to 7,90,377 tonne during April, mainly due to logistics related issues during the lockdown, industry body Solvent Extractors Association of India (SEA) said on Wednesday.