President Donald Trump said on Wednesday the federal government will not be extending its COVID-19 social distancing guidelines once they expire Thursday, and his son-in-law and adviser, Jared Kushner, predicted that by July the country will be "really rocking again."

Trump to fly out next week

Trump said he plans to resume out-of-state travel after spending over a month mostly cooped up in the White House, starting with a trip to Arizona next week. And he said he's hoping to hold mass campaign rallies in the coming months with thousands of supporters, even though medical experts have said there is little hope of having a vaccine by then.

Trump delivered his daily upbeat update on Wednesday, putting a positive face on the latest grim numbers — the death toll in the US on Wednesday crept past 60,000, a figure that he in recent weeks had suggested might be the total death count.

35 states' reopening plan out

"We mourn... every life tragically lost to the invisible enemy. And we are heartened that the worst of the pain and suffering is going to be behind us," Trump said. As many as 35 of the 50 US states affected by the pandemic have unveiled formal reopening plans, as President Donald Trump expressed confidence that "much better days" are ahead for the country that has been hit hard by the "invisible enemy".

So far, the virus has killed 61,670 Americans and infected 1,064,737 others. Globally, the virus has killed 2,29,182 people and infected 3,244,586 others.
Agencies

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North Korean leader Kim Jong-un attended a fertiliser factory completion ceremony, state media reported on Saturday, his first public appearance after 20 days of absence that sparked rumours about his health.

North Korea's official Korean Central News Agency (KCNA) reported that Kim cut the tape at the ceremony marking the completion of Sunchon Phosphatic Fertilizer Factory in Sunchon, north of Pyongyang, on Friday. Photos released by KCNA showed Kim, dressed in a dark Mao suit, cutting the red ribbon during the ceremony and talking to accompanying officials with a smile on his face.

"All the participants broke into thunderous cheers of 'hurrah!' extending the greatest glory to the Supreme Leader who has brought about a new change in the development of Juche-based fertilizer industry and has led the grand revolutionary advance for strengthening self-supporting economy to a victory with his outstanding leadership," KCNA said. Juche is the concept of self-reliance.

Kim was also quoted as expressing "satisfaction about the wonderful creation". In a report last week, CNN had said that the US was looking into intelligence that Kim Jong-un was in "grave danger" after surgery.

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Russia reported more than 10,000 new cases of coronavirus infections on Sunday, the first time the country's daily tally reached five figures."More than half of the 10,633 new cases reported were in Moscow, where concern is rising about whether the capital's medical facilities will be overwhelmed. Russia has recorded more than 1,34,000 coronavirus infections overall and 1,420 deaths."

150 test positive in Kabul
Afghanistan's public health ministry announced Sunday that 500 random Coronavirus tests in the capital revealed more than 150 positive results, raising fears that the virus may be spreading faster than originally thought.

Ministry spokesman Wahid Mayar called the results from Kabul "concerning" and said people must remain in their homes to slow the spread. He said the country's actual infection rate would likely increase as testing becomes more available. Afghanistan has thus far taken close to 12,000 samples, of which over 2,700 have been positive, and 85 have died.

Kabul and most other cities are in lockdown. Afghanistan has also received more than 250,000 refugees who have returned from Iran, the country hardest hit by coronavirus in the region. There are growing fears that the country's health care system, devastated by four decades of war, will be woefully unprepared for a major outbreak.

Pakistan's COVID-19 tally crosses 19,000

Pakistan's COVID-19 tally crossed 19,000 on Sunday after 989 new patients were diagnosed in the past 24 hours. The Ministry of National Health Services said 23 patients died in this period, taking the total toll to 440. The authorities so far have conducted 2,03,025 tests, including 8,716 in the last 24 hours. Prime Minister Imran Khan on Saturday said he was not sure when the anti-COVID-19 vaccine will be available and expressed fears that "we may have to live with the virus for six months or (even) a year". He said the war against the pandemic can be won by wisdom and not by using force to shut down the masses.

657 more infected in Singapore

Singapore on Sunday recorded 657 new cases, over 600 of whom are foreign workers, taking the total number of COVID-19 infections to 18,205. "The number of cases among migrant workers has been fluctuating in recent days due to clearance of backlogged cases by one laboratory," the Health Ministry said. Singapore will allow some businesses to reopen from May 12.

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The number of Coronavirus deaths in the US will jump to over 3,000 and new cases to about 2,00,000 per day by June 1, an internal draft report has said, even as over two dozen US states announced to open up their economy amid the health crisis.

The US is the worst-hit country from the pandemic. By Monday, over 1.2 million Americans tested positive for COVID-19 and the total number of fatalities crossed 69,000.

Multiple media reports on Monday quoted the draft report projecting the horrifying figures. "The numbers underscore a sobering reality: while the US has been hunkered down for the past seven weeks, not much has changed. And the reopening to the economy will make matters worse," The New York Times reported.

"There remains a large number of counties whose burden continues to grow," the US Centers for Disease Control and Prevention (CDC) warned according to the daily.
However, both the White House and the CDC disavowed the report. The slides carry the CDC's logo, The Washington Post reported. The projection was prepared by Justin Lessler, an associate professor of epidemiology at the Johns Hopkins Bloomberg School of Public Health.

"I had no role in the process by which that was presented and shown. This data was presented as an FYI to CDC. it was not in any way intended to be a forecast," Lessler told The Washington Post. "There are reopening scenarios where it could get out of control very quickly," he said.

US gave no proof on COVID-19 origin: UN

The WHO's emergencies chief Michael Ryan said on Monday it has received no evidence from the US government to back up allegations by President Donald Trump that virus could have originated at a laboratory in Wuhan. "From our perspective, this remains speculative."

4 new cases in S Korea, China

China and South Korea, which had early, intense outbreaks of the COVID-19, together reported only four new infections on Tuesday and were slowly resuming public events after months of containment efforts. While South Korea reported three new cases, China reported one.

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India is projected to record the highest number of births in the 9 months since COVID-19 was declared a pandemic in March, with more than 20 million babies expected to be born in the country between March and December, according to top UN body. The United Nations Children's Fund (UNICEF) warned that pregnant mothers and babies born during the pandemic across the world were threatened by strained health systems and disruptions in services. An estimated 116 million babies will be born under the shadow of COVID-19 pandemic, UNICEF said on Wednesday, ahead of Mother's Day, observed on May 10.

These babies are projected to be born up to 40 weeks after COVID-19 was recognised as a pandemic on March 11. The highest numbers of births in the 9 months since the pandemic was declared are expected to occur in India, where 20.1 million babies are projected to be born between March 11 and December 16. Other countries with the expected highest numbers of births during this period are China (13.5 million), Nigeria (6.4 million), Pakistan (5 million) and Indonesia (4 million), it said. "Most of these countries had high neonatal mortality rates even before the pandemic and may see these levels increase with COVID-19 conditions," UNICEF said.

It is estimated that there will be 24.1 million births in India for the January-December 2020 period. UNICEF warned that COVID-19 containment measures can disrupt life-saving health services such as childbirth care, putting millions of pregnant mothers and their babies at great risk. Even wealthier countries are affected by this crisis. In the US, the sixth highest country in terms of expected number of births, over 3.3 million babies are projected to be born between March 11 and December 16.
"New mothers and newborns will be greeted by harsh realities," UNICEF said, adding they include global containment measures such as lockdowns and curfews; health centres overwhelmed with response efforts; supply and equipment shortages; and a lack of sufficient skilled birth attendants as health workers, including midwives, are redeployed to treat COVID-19 patients.

"Millions of mothers all over the world embarked on a journey of parenthood in the world as it was. They now must prepare to bring a life into the world as it has become ¿ a world where expecting mothers are afraid to go to health centres for fear of getting infected, or missing out on emergency care due to strained health services and lockdowns," UNICEF Executive Director Henrietta Fore said. "It is hard to imagine how much the coronavirus pandemic has recast motherhood" Fore said.
UNICEF said its analysis was based on data from World Population Prospects 2019 of the UN Population Division.

An average full-term pregnancy typically lasts a complete 9 months, or 39 to 40 weeks. For the purposes of this estimate, the number of births for a 40-week period in 2020 was calculated. The 40-week period of March 11 to December 16 is used in this estimate based upon the WHO's March 11 assessment that COVID-19 can be characterised as a pandemic. UNICEF warned that although evidence suggests that pregnant mothers are not more affected by COVID-19 than others, countries need to ensure they still have access to antenatal, delivery and postnatal services.

Similarly, sick newborns need emergency services as they are at high risk of death. New families require support to start breastfeeding, and to get medicines, vaccines and nutrition to keep their babies healthy, it said. "This is a particularly poignant Mother's Day, as many families have been forced apart during the coronavirus pandemic, but it is also a time for unity, a time to bring everyone together in solidarity. We can help save lives by making sure that every pregnant mother receives the support she needs to give birth safely in the months to come," Fore said.

Issuing an urgent appeal to governments and health care providers to save lives in the coming months, UNICEF said efforts must be made to help pregnant women receive antenatal checkups, skilled delivery care, postnatal care services, and care related to COVID-19 as needed. Ensure health workers are provided with the necessary personal protective equipment and get priority testing and vaccination once a COVID-19 vaccine becomes available so that can deliver high quality care to all pregnant women and newborn babies during the pandemic, it said.

While it is not yet known whether the virus is transmitted from a mother to her baby during pregnancy and delivery, UNICEF advised all pregnant women to follow precautions to protect themselves from exposure to the virus. Closely monitor themselves for symptoms of COVID-19 and seek advice from the nearest designated facility if they have concerns or experience symptoms. Pregnant women should also take the same precautions to avoid COVID -19 infection as other people: practice physical distancing, avoid physical gatherings and use online health services, it said.

UNICEF said even before COVID-19 pandemic, an estimated 2.8 million pregnant women and newborns died every year, or 1 every 11 seconds, mostly of preventable causes.
The agency called for immediate investment in health workers with the right training, who are equipped with the right medicines to ensure every mother and newborn is cared for by a safe pair of hands to prevent and treat complications during pregnancy, delivery and birth.

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[Source: Research & Innovation] The European Innovation Council (EIC) Accelerator Pilot will work with an extra €150 million to support game-changing innovations to tackle the coronavirus crisis. The additional budget, approved by the European Commission today, will fund the best start-ups and SMEs who applied under the March cut-off.

[Source: Research & Innovation] Polymer Comply Europe (PCE) is pleased to announce its next live webinar on the polynSPIRE project “Demonstration of innovative technologies towards a more efficient and sustainable plastic recycling”, organised on behalf of European Plastics Converters (EuPC) and the polynSPIRE project. The live webinar will focus on recycling and redesigning the plastics value chain are essential in reusing plastic waste material and avoiding landfill. Webinar agenda: Welcome & Introduction About CIRCE The polynSPIRE project: goals, challenges and progress Questions & Answers Closing

India has again extended the due date for furnishing the annual GST return and reconciliation statement for the 2017-18 fiscal year.

India's Ministry of Finance has released a new Notification that sets the "tolerable range" for arm's length dealings.

The Dutch Government has confirmed that a registry of ultimate beneficial owners of companies will enter into force in the Netherlands from January 2020.

From January 1, 2020, sole proprietors in the Netherlands will be required to use new value-added tax identification numbers.

On May 28, 2019, Dutch State Secretary for Finance Menno Snel issued an update on the Government's 2019 fiscal agenda, which includes an outline of tax legislative proposals that the Government intends to submit to parliament in the remainder of the year.

The BSE Sensex has surged 640 points to 32,083 (up 2.0%).

Among the top gainers in the BSE Sensex today are HUL (up 4.3%), BAJAJ FINANCE (up 3.3%) and TCS (up 3.0%). Other gainers include RELIANCE IND. (up 2.8%) and MARUTI SUZUKI (up 2.7%).

BAJAJ AUTO (down 2.7%) and NESTLE (down 1.0%) are among the top losers today.

In the meantime, the NSE Nifty Index is up 3,299 points to 9,377 (up 1.9%).

The top gainers in the NSE Nifty Index include include HINDALCO (up 4.5%), HUL (up 4.2%) and ZEE ENTERTAINMENT (up 3.7%). Other gainers include GAIL (up 3.6%) and MARUTI SUZUKI (up 2.6%).

Over the last one year, the BSE Sensex has moved up from Rs 38,277 to Rs 32,083, registering a gain of Rs -6,194 (up -16.2%)..

The top gainers among the BSE Sensex stocks during this same period were BHARTI AIRTEL (up 66.4%), NESTLE (up 63.6%) and HUL (up 22.6%).

Which stocks contributed the most to the BSE Sensex?

The biggest contributors to the gain in the Sensex today were HUL (86 points) and BAJAJ FINANCE (68 points).

Among the other contributors were TCS (57 points) and RELIANCE IND. (43 points).

What about the other broader BSE Indices?

The BSE 100 index has gained -2,133 points today and is now trading at 9,475 (down 18.4%). The top gainer here is AVENUE SUPERMARTS LTD (up 76.0%).

The BSE 500 on the other hand gained 2,818 points (up 1.7%), and is currently at 12,141.

IRB INFRA. share price has zoomed 7% and is presently trading at Rs 69.

Meanwhile, the BSE REALTY Index is at 1,333 (up 0.7%).

Among the top Gainers in the BSE REALTY Index today is IRB INFRA. (up 7.3%).

GODREJ PROPERTIES (down 0.4%) and SOBHA LIMITED (down 1.8%) are among the top losers today.

Over the last one year, IRB INFRA. has moved down from Rs 118 to Rs 69, registering a loss of Rs 48 (down 41.1%).

On the other hand, the BSE REALTY has moved down from 1,983 to 1,333, loss of 650 points (down 32.8%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 32,083 (up 2.0%).

The top gainers among the BSE Sensex stocks today are HUL (up 4.3%), BAJAJ FINANCE (up 3.3%) and TCS (up 3.0%). Other gainers include RELIANCE IND. (up 2.8%) and MARUTI SUZUKI (up 2.7%). The most traded stocks in the BSE Sensex are HDFC and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 9,377 (up 1.9%). The top gainers in the NSE Nifty include HINDALCO (up 4.5%), HUL (up 4.2%) and ZEE ENTERTAINMENT (up 3.7%). Other gainers include GAIL (up 3.6%) and BAJAJ FINANCE (up 3.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,083, registering a loss of 6,194 points (down 16.18%).

IRB INFRA. Financial Update...

IRB INFRA. net profit down at Rs 2 billion for the quarter ended December 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 2.6% to Rs 17.4 billion during the period as against Rs 17.9 billion in October-December 2018.

For the year ended March 2019, IRB INFRA. reported 7.2% increase in net profit to Rs 8.5 billion compared to net profit of Rs 7.9 billion during FY18.

Revenue of the company grew 17.8% to Rs 67 billion during FY19.

The current Price to earnings ratio of IRB INFRA., based on rolling 12 month earnings, stands at 3.1x.

This article (IRB INFRA. Surges by 7%; BSE REALTY Index Up 0.7%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

J.B.CHEMICALS share price has hit a 52-week high at Rs 625 (up 2.0%).

Meanwhile, the BSE 500 Index is at 12,146 (up 1.7%).

Among the top gainers in the BSE 500 Index today are J.B.CHEMICALS (up 2.0%) and ICICI SECURITIES LTD (up 10.5%).

CYIENT (down 5.6%) and RELIANCE CAPITAL (down 5.0%) are among the top losers today.

Over the last one year, J.B.CHEMICALS has moved up from Rs 331 to Rs 625, registering a gain of Rs 294 (up 87.64%).

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 435.7%), ABBOTT INDIA (up 145.8%) and NAVIN FLUORINE (up 122.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.8%). The top gainers among the BSE Sensex stocks today are HUL (up 3.0%), INDUSIND BANK (up 2.9%) and BAJAJ FINANCE (up 2.8%). Other gainers include AXIS BANK (up 2.7%) and RELIANCE IND. (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). DR. REDDYS LAB (up 4.1%) and INDIABULLS HOU. FIN. (up 3.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,277 to 32,089, registering a gain of -6,188 points (up -16.4%).

J.B.CHEMICALS Financial Update...

J.B.CHEMICALS net profit stood at Rs 622 million for the quarter ended December 2019, compared to a profit of Rs 464 million a year ago. Net Sales rose 9.3% to Rs 3.9 billion during the period as against Rs 3.5 billion in October-December 2018.

For the year ended March 2018, J.B.CHEMICALS reported 24.8% decrease in net profit to Rs 1.4 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 3.3% to Rs 14 billion during FY18.

The current Price to earnings ratio of J.B.CHEMICALS, based on rolling 12 month earnings, stands at 20.0x.

This article (J.B.CHEMICALS at 52 Week High; BSE 500 Index Up 2.0% ) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

HATHWAY CABLE share price has zoomed 11% and is presently trading at Rs 20.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.2%).

Among the top Gainers in the BSE 500 Index today is HATHWAY CABLE (up 11.5%).

ADANI PORTS & SEZ and CARE RATING are among the top losers today.

Over the last one year, HATHWAY CABLE has moved down from Rs 29 to Rs 20, registering a loss of Rs 9 (down 32.2%).

On the other hand, the BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 19.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 432.6%), ABBOTT INDIA (up 145.6%) and NAVIN FLUORINE (up 117.3%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.4%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.0%), HUL (up 3.2%) and KOTAK MAHINDRA BANK (up 2.6%). Other gainers include RELIANCE IND. (up 2.5%) and ICICI BANK (up 2.4%). The most traded stocks in the BSE Sensex are RELIANCE IND. and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). The top gainers in the NSE Nifty include INDUSIND BANK (up 3.9%), DR. REDDYS LAB (up 3.5%) and KOTAK MAHINDRA BANK (up 3.2%). Other gainers include INDIABULLS HOU. FIN. (up 3.2%) and HUL (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.71%).

HATHWAY CABLE Financial Update...

HATHWAY CABLE net profit declined 168.0% YoY to Rs 131 million for the quarter ended March 2020, compared to a loss of Rs 192 million a year ago. Net Sales rose 5.7% to Rs 1.5 billion during the period as against Rs 1.4 billion in January-March 2019.

For the year ended March 2019, HATHWAY CABLE reported 336.0% decrease in net profit to Rs 2.4 billion compared to net profit of Rs 1.0 billion during FY18.

Revenue of the company grew 1.5% to Rs 16 billion during FY19.

The current Price to earnings ratio of HATHWAY CABLE, based on rolling 12 month earnings, stands at 206.9x.

This article (HATHWAY CABLE Surges by 11%; BSE 500 Index Up 1.2%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

TV18 BROADCAST share price has zoomed 10% and is presently trading at Rs 20.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.5%).

Among the top Gainers in the BSE 500 Index today are TV18 BROADCAST (up 10.1%) and HATHWAY CABLE (up 13.5%).

PAGE INDUSTRIES and SCHAEFFLER INDIA LTD (down 0.1%) are among the top losers today.

Over the last one year, TV18 BROADCAST has moved down from Rs 30 to Rs 20, registering a loss of Rs 10 (down 33.8%).

On the other hand, the BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 19.0%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 433.0%), ABBOTT INDIA (up 146.0%) and NAVIN FLUORINE (up 119.0%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.7%), KOTAK MAHINDRA BANK (up 3.3%) and HUL (up 3.0%). Other gainers include AXIS BANK (up 2.7%) and BAJAJ FINANCE (up 2.7%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). The top gainers in the NSE Nifty include INDUSIND BANK (up 4.6%), DR. REDDYS LAB (up 3.9%) and KOTAK MAHINDRA BANK (up 3.1%). Other gainers include HUL (up 3.1%) and INDIABULLS HOU. FIN. (up 3.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.56%).

TV18 BROADCAST Financial Update...

TV18 BROADCAST net profit down at Rs 1 billion for the quarter ended March 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 0.0% to Rs 14.2 billion during the period as against Rs 14.3 billion in January-March 2019.

For the year ended March 2019, TV18 BROADCAST reported 390.2% decrease in net profit to Rs 1.7 billion compared to net loss of Rs 602.0 million during FY18.

Revenue of the company grew 243.7% to Rs 57 billion during FY19.

The current Price to earnings ratio of TV18 BROADCAST, based on rolling 12 month earnings, stands at 9.1x.

This article (TV18 BROADCAST Surges by 10%; BSE 500 Index Up 1.5%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.6% while the Hang Seng is up 0.9%. The Nikkei 225 is trading up by 1.8%. Wall Street's indices climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.

Trends on SGX Nifty indicated a positive opening for the index in India with a 91 points gain.

India share markets opened higher. The BSE Sensex is trading up by 542 points while the NSE Nifty is trading up by 158 points. The BSE Mid Cap index and BSE Small Cap index opened up by 0.9% and 0.6% respectively.

All sectoral indices are trading in green with metal stocks and banking stocks witnessing maximum buying interest.

Note that the�coronavirus impact�has shaken markets worldwide. For the�BSE Sensex, FY20 was the second worst year post FY08, the year of the global financial crisis.

Good Time to Start Investing Now?

Naturally, there is an atmosphere of fear all round.

Is it time to sell stocks now? Will the correction get worse?

History has shown that after years like the one we had just now, the next 3 years are good for the markets. In fact, these corrections are the rare times when you find businesses with solid fundamentals at reasonable valuations.

If you can�find good businesses�that can survive the current crisis, you will do well in the long run.

Moving on, the rupee is currently trading at 75.57 against the�US$.

Gold prices are currently trading up 1.7% at Rs 46,161.

Gold prices in India edged lower in yesterday's trade though it remained in a narrow range.

On MCX, June gold futures fell about Rs 30 to Rs 45,340 per 10 gram, extending losses to the third day.

Gold prices had fallen about Rs 426 per 10 gram in the previous session. Silver futures also gave up early gains and were down 0.1% to 41,803 per kg.

In global markets, gold prices edge higher today after a sharp fall in the previous session.

Spot gold climbed 0.3% to US$1,690.19 per ounce, after a 1% fall in the previous session. Despite bleak economic data, the dollar's strength is weighing on gold.

The US dollar today touched a more than one-week high against a basket of major currencies. Besides firmer dollar, some bullion refineries restarted have production, easing supply-side concerns.

Moving on to mutual funds sector. Investors pumped Rs 837.8 billion in equity-oriented mutual fund (MF) schemes in FY20, registering a decline of 25% from the Rs 1.11-trillion inflows in the preceding year.

However, this was the sixth successive year of net inflows in equity mutual funds, according to data by the Association of Mutual Funds in India.

The flows into equity funds in the last fiscal were lower than the flows in 2018-19 primarily because of the equity markets displaying volatility, which made some investors take a break from making fresh equity investments.

Net inflows in these funds were Rs 1.7 trillion in FY18, Rs 703.7 billion in FY17, Rs 740.2 billion in FY16, and Rs 710.3 billion in FY15. However, they had witnessed a net outflow of Rs 92.7 billion in FY14.

To know what's moving the Indian stock markets today, check out the most recent�share market updates here.

TUBE INVESTMENTS OF INDIA LTD share price has plunged 5% and is presently trading at Rs 375.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,399 (up 0.8%).

Among the top losers in the BSE CAPITAL GOODS Index today is TUBE INVESTMENTS OF INDIA LTD (down 5.4%).

SKF INDIA (up 7.4%) and SADBHAV ENGINEERING (up 4.9%) are among the top gainers today.

Over the last one year, TUBE INVESTMENTS OF INDIA LTD has moved up from Rs 368 to Rs 375, registering a gain of Rs 7 (up 1.9%)..

The BSE CAPITAL GOODS has moved down from 17,932 to 11,399, loss of 6,533 points (down 36.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 14.0%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.3%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.7%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). DR. REDDYS LAB (up 4.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.77%).

BRIGADE ENTERPRISES share price has plunged 7% and is presently trading at Rs 112.

Meanwhile, the BSE REALTY Index is at 1,345 (up 0.7%).

Among the top losers in the BSE REALTY Index today is BRIGADE ENTERPRISES (down 6.8%).

INDIABULLS REAL EST (up 3.8%) and DLF (up 2.0%) are among the top gainers today.

Over the last one year, BRIGADE ENTERPRISES has moved down from Rs 153 to Rs 112, registering a loss of Rs 41 (down 26.8%)..

The BSE REALTY has moved down from 1,983 to 1,345, loss of 638 points (down 32.2%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.3%). ZEE ENTERTAINMENT (up 5.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.54%).

BRIGADE ENTERPRISES Financial Update...

BRIGADE ENTERPRISES net profit down at Rs 405 million for the quarter ended December 2019, compared to a loss of Rs 594 million a year ago. Net Sales declined 19.7% to Rs 5.5 billion during the period as against Rs 6.9 billion in October-December 2018.

For the year ended March 2019, BRIGADE ENTERPRISES reported 96.0% increase in net profit to Rs 2.8 billion compared to net profit of Rs 1.4 billion during FY18.

Revenue of the company grew 56.7% to Rs 30 billion during FY19.

The current Price to earnings ratio of BRIGADE ENTERPRISES, based on rolling 12 month earnings, stands at 7.2x.

This article (BRIGADE ENTERPRISES Plunges by 7%; BSE REALTY Index Up 0.7%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

JM FINANCIAL share price has plunged 5% and is presently trading at Rs 66.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.2%).

Among the top losers in the BSE 500 Index today are JM FINANCIAL (down 5.1%) and LAURUS LABS LTD (down 8.3%).

TV18 BROADCAST (up 9.0%) and E.I.D. PARRY (up 7.3%) are among the top gainers today.

Over the last one year, JM FINANCIAL has moved down from Rs 85 to Rs 66, registering a loss of Rs 19 (down 22.1%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 433.0%), ABBOTT INDIA (up 143.2%) and NAVIN FLUORINE (up 117.1%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.5%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.6%). The most traded stocks in the BSE Sensex are INDUSIND BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 1.4%). ZEE ENTERTAINMENT (up 5.0%) and RELIANCE IND. (up 4.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.61%).

JM FINANCIAL Financial Update...

JM FINANCIAL net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 8.0% to Rs 8.3 billion during the period as against Rs 9.0 billion in October-December 2018.

For the year ended March 2019, JM FINANCIAL reported 14.5% increase in net profit to Rs 11.1 billion compared to net profit of Rs 9.7 billion during FY18.

Revenue of the company grew 16.1% to Rs 35 billion during FY19.

The current Price to earnings ratio of JM FINANCIAL, based on rolling 12 month earnings, stands at 6.6x.

This article (JM FINANCIAL Plunges by 5%; BSE 500 Index Up 1.2%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

BHARAT DYNAMICS share price has plunged 5% and is presently trading at Rs 231.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.8%).

Among the top losers in the BSE 500 Index today are BHARAT DYNAMICS (down 5.4%) and LAURUS LABS LTD (down 9.0%).

TV18 BROADCAST (up 7.9%) and E.I.D. PARRY (up 7.6%) are among the top gainers today.

Over the last one year, BHARAT DYNAMICS has moved down from Rs 281 to Rs 231, registering a loss of Rs 50 (down 17.8%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 431.9%), ABBOTT INDIA (up 142.8%) and NAVIN FLUORINE (up 115.0%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.0%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are INDUSIND BANK and ICICI BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.1%). ZEE ENTERTAINMENT (up 5.1%) and DR. REDDYS LAB (up 4.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.03%).

TIMKEN INDIA share price has plunged 5% and is presently trading at Rs 888.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.0%).

Among the top losers in the BSE 500 Index today are TIMKEN INDIA (down 5.1%) and LAURUS LABS LTD (down 8.9%).

E.I.D. PARRY (up 8.0%) and TV18 BROADCAST (up 7.4%) are among the top gainers today.

Over the last one year, TIMKEN INDIA has moved up from Rs 549 to Rs 888, registering a gain of Rs 339 (up 61.6%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 432.8%), ABBOTT INDIA (up 142.8%) and NAVIN FLUORINE (up 115.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.2%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.2%). The most traded stocks in the BSE Sensex are INDUSIND BANK and ICICI BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.1%). ZEE ENTERTAINMENT (up 4.9%) and DR. REDDYS LAB (up 4.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.83%).

TIMKEN INDIA Financial Update...

TIMKEN INDIA net profit stood at Rs 846 million for the quarter ended December 2019, compared to a profit of Rs 264 million a year ago. Net Sales declined 3.0% to Rs 3.7 billion during the period as against Rs 3.8 billion in October-December 2018.

For the year ended March 2019, TIMKEN INDIA reported 61.6% increase in net profit to Rs 1.5 billion compared to net profit of Rs 920.0 million during FY18.

Revenue of the company grew 33.0% to Rs 17 billion during FY19.

The current Price to earnings ratio of TIMKEN INDIA, based on rolling 12 month earnings, stands at 26.5x.

This article (TIMKEN INDIA Plunges by 5%; BSE 500 Index Up 1.0%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

E.I.D. PARRY share price has zoomed 10% and is presently trading at Rs 164.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.8%).

Among the top Gainers in the BSE 500 Index today are E.I.D. PARRY (up 10.5%) and HATHWAY CABLE (up 10.0%).

MAH. SCOOTERS and 3M INDIA are among the top losers today.

Over the last one year, E.I.D. PARRY has moved down from Rs 187 to Rs 164, registering a loss of Rs 23 (down 12.3%).

On the other hand, the BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 19.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 431.3%), ABBOTT INDIA (up 143.8%) and NAVIN FLUORINE (up 109.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.1%).

The top gainers among the BSE Sensex stocks today are HUL (up 4.1%), RELIANCE IND. (up 4.0%) and NESTLE (up 3.7%). Other gainers include TECH MAHINDRA (up 3.2%) and SUN PHARMA (up 3.0%). The most traded stocks in the BSE Sensex are INDUSIND BANK and ICICI BANK.

In the meantime, NSE Nifty is at 9,383 (up 0.7%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.3%), HUL (up 3.8%) and RELIANCE IND. (up 3.8%). Other gainers include BRITANNIA (up 3.7%) and ZEE ENTERTAINMENT (up 3.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.94%).

E.I.D. PARRY Financial Update...

E.I.D. PARRY net profit stood at Rs 3 billion for the quarter ended December 2019, compared to a profit of Rs 1 billion a year ago. Net Sales rose 9.9% to Rs 40.8 billion during the period as against Rs 37.1 billion in October-December 2018.

For the year ended March 2019, E.I.D. PARRY reported 15.4% decrease in net profit to Rs 4.4 billion compared to net profit of Rs 5.2 billion during FY18.

Revenue of the company grew 7.3% to Rs 166 billion during FY19.

The current Price to earnings ratio of E.I.D. PARRY, based on rolling 12 month earnings, stands at 3.5x.

This article (E.I.D. PARRY Surges by 10%; BSE 500 Index Up 0.8%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

BHEL share price has plunged 5% and is presently trading at Rs 23.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,399 (down 0.9%).

Among the top losers in the BSE CAPITAL GOODS Index today is BHEL (down 5.2%).

SKF INDIA (up 5.2%) and SADBHAV ENGINEERING (up 4.9%) are among the top gainers today.

Over the last one year, BHEL has moved down from Rs 64 to Rs 23, registering a loss of Rs 40 (down 63.3%)..

The BSE CAPITAL GOODS has moved down from 17,932 to 11,399, loss of 6,533 points (down 36.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 12.2%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.7%). The top gainers among the BSE Sensex stocks today are HUL (up 3.8%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.8%). DR. REDDYS LAB (up 4.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.27%).

BHEL Financial Update...

BHEL net profit down at Rs 2 billion for the quarter ended December 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 22.6% to Rs 56.8 billion during the period as against Rs 73.4 billion in October-December 2018.

For the year ended March 2019, BHEL reported 44.1% increase in net profit to Rs 11.9 billion compared to net profit of Rs 8.3 billion during FY18.

Revenue of the company grew 5.3% to Rs 304 billion during FY19.

The current Price to earnings ratio of BHEL, based on rolling 12 month earnings, stands at 21.6x.

This article (BHEL Plunges by 5%; BSE CAPITAL GOODS Index Down 0.9%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

BANDHAN BANK LTD share price has plunged 5% and is presently trading at Rs 262.

Meanwhile, the BSE BANKEX Index is at 22,880 (up 0.1%).

Among the top losers in the BSE BANKEX Index today are BANDHAN BANK LTD (down 5.0%) and RBL BANK LTD (down 8.1%).

ICICI BANK (up 2.0%) and KOTAK MAHINDRA BANK (up 1.4%) are among the top gainers today.

Over the last one year, BANDHAN BANK LTD has moved down from Rs 590 to Rs 262, registering a loss of Rs 328 (down 55.5%)..

The BSE BANKEX has moved down from 32,704 to 22,880, loss of 9,824 points (down 30.0%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.7%). The top gainers among the BSE Sensex stocks today are HUL (up 4.0%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.8%). DR. REDDYS LAB (up 4.3%) and HUL (up 4.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.24%).

BANDHAN BANK LTD Financial Update...

BANDHAN BANK LTD net profit stood at Rs 7 billion for the quarter ended December 2019, compared to a profit of Rs 3 billion a year ago. Operating income rose 64.7% to Rs 27.2 billion during the period as against Rs 16.5 billion in October-December 2018.

For the year ended March 2019, BANDHAN BANK LTD reported 45.0% increase in net profit to Rs 19.5 billion compared to net profit of Rs 13.5 billion during FY18.

Revenue of the company grew 38.4% to Rs 66 billion during FY19.

The current Price to earnings ratio of BANDHAN BANK LTD, based on rolling 12 month earnings, stands at 9.3x.

This article (BANDHAN BANK LTD Plunges by 5%; BSE BANKEX Index Up 0.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

ECLERX SERVICES share price has plunged 5% and is presently trading at Rs 474.

Meanwhile, the BSE IT Index is at 13,667 (up 0.7%).

Among the top losers in the BSE IT Index today are ECLERX SERVICES (down 5.1%) and CYIENT (down 10.0%).

TECH MAHINDRA (up 3.1%) and MINDTREE (up 2.3%) are among the top gainers today.

Over the last one year, ECLERX SERVICES has moved down from Rs 1,134 to Rs 474, registering a loss of Rs 660 (down 58.2%)..

The BSE IT has moved down from 15,682 to 13,667, loss of 2,015 points (down 12.8%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INFIBEAM AVENUES (up 15.5%) and NIIT TECHNOLOGIES (up 11.5%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.9%). The top gainers among the BSE Sensex stocks today are HUL (up 4.3%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.6%). HUL (up 4.4%) and DR. REDDYS LAB (up 4.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.15%).

ECLERX SERVICES Financial Update...

ECLERX SERVICES net profit stood at Rs 701 million for the quarter ended December 2019, compared to a profit of Rs 390 million a year ago. Net Sales rose 5.0% to Rs 3.8 billion during the period as against Rs 3.6 billion in October-December 2018.

For the year ended March 2018, ECLERX SERVICES reported 24.1% decrease in net profit to Rs 2.7 billion compared to net profit of Rs 3.5 billion during FY17.

Revenue of the company grew 2.6% to Rs 14 billion during FY18.

The current Price to earnings ratio of ECLERX SERVICES, based on rolling 12 month earnings, stands at 7.9x.

This article (ECLERX SERVICES Plunges by 5%; BSE IT Index Up 0.7%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

ICICI SECURITIES LTD share price has plunged 5% and is presently trading at Rs 429.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.5%).

Among the top losers in the BSE 500 Index today are ICICI SECURITIES LTD (down 5.3%) and TIMKEN INDIA (down 5.3%).

E.I.D. PARRY (up 9.9%) and TV18 BROADCAST (up 6.6%) are among the top gainers today.

Over the last one year, ICICI SECURITIES LTD has moved up from Rs 220 to Rs 429, registering a gain of Rs 209 (up 95.1%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 433.0%), ABBOTT INDIA (up 143.0%) and NAVIN FLUORINE (up 111.0%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.7%). The top gainers among the BSE Sensex stocks today are HUL (up 4.5%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.7%). HUL (up 4.6%) and DR. REDDYS LAB (up 4.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.27%).

PRESTIGE ESTATES share price has plunged 5% and is presently trading at Rs 169.

Meanwhile, the BSE REALTY Index is at 1,345 (down 0.8%).

Among the top losers in the BSE REALTY Index today is PRESTIGE ESTATES (down 5.4%).

GODREJ PROPERTIES (up 2.8%) and MAHINDRA LIFESPACE (up 1.8%) are among the top gainers today.

Over the last one year, PRESTIGE ESTATES has moved down from Rs 263 to Rs 169, registering a loss of Rs 94 (down 35.7%)..

The BSE REALTY has moved down from 1,983 to 1,345, loss of 638 points (down 32.2%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.9%). The top gainers among the BSE Sensex stocks today are HUL (up 4.6%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.7%). HUL (up 5.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.15%).

HUL share price has zoomed 5% and is presently trading at Rs 2,098.

Meanwhile, the BSE FMCG Index is at 10,083 (up 2.0%).

Among the top Gainers in the BSE FMCG Index today are HUL (up 5.2%) and GSK CONSUMER (up 5.1%).

GODFREY PHILLIPS (down 0.3%) and GODREJ AGROVET LTD (down 1.0%) are among the top losers today.

Over the last one year, HUL has moved up from Rs 1,695 to Rs 2,098, registering a gain of Rs 402 (up 23.6%).

On the other hand, the BSE FMCG has moved down from 11,531 to 10,083, loss of 1,448 points (down 12.6%) during the last 12 months.

The top gainers among the BSE FMCG Index stocks during this same period were TATA CONSUMER PRODUCTS (up 74.6%), NESTLE (up 70.0%) and GSK CONSUMER (up 48.6%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.8%).

The top gainers among the BSE Sensex stocks today are HUL (up 5.2%), RELIANCE IND. (up 4.0%) and NESTLE (up 3.9%). Other gainers include TECH MAHINDRA (up 3.6%) and SUN PHARMA (up 3.2%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.7%). The top gainers in the NSE Nifty include HUL (up 5.1%), RELIANCE IND. (up 3.9%) and DR. REDDYS LAB (up 3.7%). Other gainers include TECH MAHINDRA (up 3.6%) and SUN PHARMA (up 3.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.23%).

HUL Financial Update...

HUL net profit down at Rs 15 billion for the quarter ended March 2020, compared to a loss of Rs 16 billion a year ago. Net Sales declined 8.1% to Rs 90.1 billion during the period as against Rs 98.1 billion in January-March 2019.

For the year ended March 2019, HUL reported 19.6% increase in net profit to Rs 62.9 billion compared to net profit of Rs 52.6 billion during FY18.

Revenue of the company grew 8.5% to Rs 393 billion during FY19.

The current Price to earnings ratio of HUL, based on rolling 12 month earnings, stands at 67.3x.

This article (HUL Surges by 5%; BSE FMCG Index Up 2.0%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

ICICI SECURITIES LTD share price has plunged 5% and is presently trading at Rs 429.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.5%).

Among the top losers in the BSE 500 Index today are ICICI SECURITIES LTD (down 5.0%) and TIMKEN INDIA (down 5.1%).

E.I.D. PARRY (up 10.0%) and TV18 BROADCAST (up 6.3%) are among the top gainers today.

Over the last one year, ICICI SECURITIES LTD has moved up from Rs 220 to Rs 429, registering a gain of Rs 209 (up 95.1%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 431.1%), ABBOTT INDIA (up 142.5%) and NAVIN FLUORINE (up 111.5%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.6%). The top gainers among the BSE Sensex stocks today are HUL (up 5.1%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.6%). HUL (up 5.1%) and DR. REDDYS LAB (up 3.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.32%).

INFO EDGE share price has zoomed 6% and is presently trading at Rs 2,741.

Meanwhile, the BSE IT Index is at 13,667 (up 0.9%).

Among the top Gainers in the BSE IT Index today is INFO EDGE (up 5.6%).

TATA ELXSI (down 0.5%) and ORACLE FINANCIAL (down 1.3%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 1,956 to Rs 2,741, registering a gain of Rs 784 (up 40.0%).

On the other hand, the BSE IT has moved down from 15,682 to 13,667, loss of 2,015 points (down 13.6%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INFIBEAM AVENUES (up 15.9%) and NIIT TECHNOLOGIES (up 11.1%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.6%).

The top gainers among the BSE Sensex stocks today are HUL (up 5.1%), RELIANCE IND. (up 3.9%) and NESTLE (up 3.9%). Other gainers include TECH MAHINDRA (up 3.6%) and SUN PHARMA (up 3.3%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.6%). The top gainers in the NSE Nifty include HUL (up 5.1%), DR. REDDYS LAB (up 3.9%) and TECH MAHINDRA (up 3.8%). Other gainers include SUN PHARMA (up 3.6%) and RELIANCE IND. (up 3.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.32%).

INFO EDGE Financial Update...

INFO EDGE net profit stood at Rs 880 million for the quarter ended December 2019, compared to a profit of Rs 743 million a year ago. Net Sales rose 14.0% to Rs 3.2 billion during the period as against Rs 2.8 billion in October-December 2018.

For the year ended March 2019, INFO EDGE reported 22.8% increase in net profit to Rs 2.9 billion compared to net profit of Rs 2.3 billion during FY18.

Revenue of the company grew 16.5% to Rs 12 billion during FY19.

The current Price to earnings ratio of INFO EDGE, based on rolling 12 month earnings, stands at 145.1x.

This article (INFO EDGE Surges by 6%; BSE IT Index Up 0.9%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

EIH share price has plunged 5% and is presently trading at Rs 71.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.3%).

Among the top losers in the BSE 500 Index today are EIH (down 5.3%) and NAVIN FLUORINE (down 5.1%).

E.I.D. PARRY (up 10.0%) and TV18 BROADCAST (up 7.1%) are among the top gainers today.

Over the last one year, EIH has moved down from Rs 180 to Rs 71, registering a loss of Rs 108 (down 60.3%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 434.2%), ABBOTT INDIA (up 142.3%) and NAVIN FLUORINE (up 107.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.5%). The top gainers among the BSE Sensex stocks today are HUL (up 5.0%). The most traded stocks in the BSE Sensex are RELIANCE IND. and ONGC.

In the meantime, NSE Nifty is at 9,383 (up 0.5%). HUL (up 5.0%) and DR. REDDYS LAB (up 4.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.44%).

EIH Financial Update...

EIH net profit stood at Rs 750 million for the quarter ended December 2019, compared to a profit of Rs 639 million a year ago. Net Sales declined 4.9% to Rs 4.2 billion during the period as against Rs 4.4 billion in October-December 2018.

For the year ended March 2019, EIH reported 26.6% decrease in net profit to Rs 1.3 billion compared to net profit of Rs 1.8 billion during FY18.

Revenue of the company grew 13.3% to Rs 18 billion during FY19.

The current Price to earnings ratio of EIH, based on rolling 12 month earnings, stands at 31.1x.

This article (EIH Plunges by 5%; BSE 500 Index Up 0.3%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

NAVIN FLUORINE share price has plunged 5% and is presently trading at Rs 1,532.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.3%).

Among the top losers in the BSE 500 Index today are NAVIN FLUORINE (down 5.1%) and TIMKEN INDIA (down 5.2%).

E.I.D. PARRY (up 10.0%) and TV18 BROADCAST (up 7.1%) are among the top gainers today.

Over the last one year, NAVIN FLUORINE has moved up from Rs 684 to Rs 1,532, registering a gain of Rs 848 (up 124.0%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 434.2%), ABBOTT INDIA (up 142.3%) and NAVIN FLUORINE (up 107.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.5%). The top gainers among the BSE Sensex stocks today are HUL (up 5.0%). The most traded stocks in the BSE Sensex are RELIANCE IND. and ONGC.

In the meantime, NSE Nifty is at 9,383 (up 0.5%). HUL (up 5.0%) and DR. REDDYS LAB (up 4.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.44%).

NAVIN FLUORINE Financial Update...

NAVIN FLUORINE net profit stood at Rs 453 million for the quarter ended December 2019, compared to a profit of Rs 388 million a year ago. Net Sales rose 11.3% to Rs 2.5 billion during the period as against Rs 2.3 billion in October-December 2018.

For the year ended March 2019, NAVIN FLUORINE reported 19.2% decrease in net profit to Rs 1.5 billion compared to net profit of Rs 1.8 billion during FY18.

Revenue of the company grew 7.6% to Rs 10 billion during FY19.

The current Price to earnings ratio of NAVIN FLUORINE, based on rolling 12 month earnings, stands at 8.4x.

This article (NAVIN FLUORINE Plunges by 5%; BSE 500 Index Up 0.3%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Belgium, Denmark, and Germany have the highest personal income tax burdens, at over 35 percent, among OECD countries, according to the latest OECD Taxing Wages report, which says that just over half of countries made small increases to their average personal tax rates last year.

On September 13, the OECD launched a substantial report on the tax policy reforms implemented last year by advanced nations.

The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilization, says the annual report for the initiative Tax Inspectors Without Borders.

Xiaomi has finally launched the Mi 10 in India, and with starting price of Rs 49,999, it goes up against the likes of the OnePlus 8 and the OnePlus 8 Pro, which were recently launched in India. Here it is compared with the OnePlus 8 Pro.

Xiaomi's Mi 10 competes fiercely with premium-end flagships from the Android universe -- both in terms of hardware and design. Here's why it could end up being a winner.

Share price of Tata Motors slipped 2.36% intra day to Rs 84.85 compared to the previous close of Rs 82.50 on BSE

Switzerland's Federal Tax Administration has announced the exchange of information on millions of financial accounts with 75 partner countries.

For the fourth quarter ended March 31, 2020, ICICI Bank reported a 26 per cent rise in net profit at Rs 1,221 crore compared to Rs 969 crore a year ago

Kerala coronavirus cases: With May 8 being the 100th day of COVID-19 outbreak in India, Kerala reported only one new case in 24 hours, state CM Pinarayi Vijayan said on Friday

ICICI Bank's board also approved issuances of bonds/notes/offshore Certificate of Deposits in overseas markets up to $3 billion in single or multiple tranches for a period of one year

TRA2020 conference in April 2020 has been cancelled

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Singapore's Ministry of Finance has announced that about 880,000 Singaporean Housing and Development Board (HDB) households will receive the next installment of the GST Voucher – Utilities-Save (U-Save) rebate in January 2018.

Singapore's recently released 2019 Budget included few significant tax announcements except confirmation that Singapore's carbon tax will be levied this year and the goods and services tax will be hiked in the medium term.

The Inland Revenue Authority of Singapore has updated its guidance on the introduction from January 1, 2020, of an obligation on Singaporean taxpayers to collect GST on imported services under a reverse charge.