F&O expiry: Mkts end flat after a choppy session; Nifty settles at 10,289

All that happened in the markets today

2:19 PM

HUL to rebrand Fair & Lovely as spotlight shifts to fairness creams

On Monday, Johnson & Johnson announced that it would exit the fairness cream category in India and the Middle East as protests have grown over the issue of gender discrimination and stereotyping, following the death of George Floyd in the US.

 

HUL said that it would drop 'fair' from the trademark and that the new change would happen in the next few months. READ MORE

2:11 PM

Rupee Closing

Rupee ends stronger at 75.67 per US dollar vs Wednesday's close of 75.72/$

2:07 PM

NEWS ALERT :: Bank Of Baroda Capital Raising Committee to meet on June 30 to consider fund raising through issue of debt instruments

2:00 PM

IOL Chemicals hits fresh all-time high in weak market, surges 20% in 3 days

Shares of IOL Chemicals & Pharmaceuticals hit a new all-time high of Rs 464.65 in the intra-day trade on the BSE on Thursday, in an otherwise weak market. The stock has surged 20 per cent in the past three days on the back of heavy volumes. As compared to the average volumes in the previous fortnight, the trading volumes on the counter jumped 1.4 times today. READ MORE

1:52 PM

MARKET UPDATE:: Sharp surge in Sensex

1:51 PM

Sector Watch :: Nifty Infra index down 0.4%; IGL, Bharti Infratel top drags

1:44 PM

Masayoshi Son defends investment choices, says SoftBank is not 'SoftPunku'

SoftBank Group Corp Chief Executive Masayoshi Son mounted a defence of his investing decisions on Thursday, saying the value of the Japanese conglomerate's holdings has recovered to pre-coronavirus outbreak levels. "We have worried a lot of people who thought that SoftBank is finished or is 'SoftPunku'," Son told a shareholder meeting, using a play on the word "puncture" used colloquially in Japanese when something is broken. READ MORE

1:34 PM

Comment :: Managing bad loans

The economic disruption caused by Covid-19 is likely to push up non-performing assets (NPAs) in the banking system, as the contraction in economic activity is affecting revenues and the ability of businesses to repay debt. While a number of firms, which were in the middle of expanding capacity, would re-evaluate demand conditions and may decide to postpone investment activity, firms with stalled projects would find it difficult to service loans. READ MORE

1:30 PM

Q4FY20 RESULTS | TTK Prestige profit dips 81.7% YoY to Rs 8.2 crore

-- Revenue down 28.8% YoY to Rs 418.2 crore

-- Ebitda slips 44.2% YoY to Rs 37 crore

-- Ebitda margin comes in at 8.8%, down 490 bps from 13.7% in Q4FY19

1:24 PM

NEWS ALERT :: Govt considering imposing import duties on thermal power equipment, says R.K Singh, Power Min

>> Govt to impost 20-25% import duty on solar power equipment from August

>> 15% basic custom duty on solar cells

>> Power Sector not sustainable currently, some DISCOMS at losses as high as 47%

>> Dues of generation companies, as on March 31, 2020, were Rs 940,000 crore

(Source: ET Now)

1:20 PM

European shares dip in early deals

Source: Reuters

1:14 PM

Planning to invest? Don't rely only on gold-silver ratio, say analysts

Safe-haven demand: Central banks’ easy money policy could last longer than expected earlier. “The Federal Reserve indicated recently that interest rates are likely to remain near zero till 2022. That will be positive for gold,” says Chirag Mehta, senior fund manager-alternative investments, Quantum Mutual Fund. Also, the US has been more aggressive in its quantitative easing than Europe, Japan, etc, which could put pressure on the US dollar. That again will support the yellow metal. READ MORE

1:03 PM

F&O Expiry :: Rollover analysis

>> The Nifty June expiry rollover is at 61.01% on Wednesday compared to 60.61% on same day of previous expiry.

>> The Banknifty June expiry rollover is at 55.32% on Wednesday compared to 51.46% on same day of previous expiry.

>> The Market wide June expiry rollover is at 77.24% on Wednesday as compared to 73.2% on same day of previous expiry.

(Source: Nirmal Bang)
 

12:53 PM

MARKET UPDATE:: Indices fall again; Sensex near day's low

12:49 PM

MARCH QUARTER RESULTS | Bank of India incurs net loss of Rs 3,571.4 crore

>> Revenue at Rs 3,793 crore

>> Provisions at Rs 8,142 crore  Vs Rs 4,015.2 cr (QoQ); Vs Rs 1,897.4 cr (YoY)

>> Net NPA at 3.9% vs 6% QoQ

>> Gross NPA at 14.8% vs 16.3% QoQ