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

All that happened in the markets today

9:33 AM

PFC gains over 1.5%

Power Finance Corporation (PFC) on Wednesday reported about 80 per cent decline in consolidated net profit at Rs 693.71 crore for the quarter ended March 2020, mainly due to transaction exchange loss.

9:31 AM

Bharat Petroleum trades higher in a weak market

BPCL is planning to raise up to Rs. 3,000 crore during the current financial year 2020-21 through private placement of unsecured non-convertible debentures subject to market conditions, it said in an exchange filing.

9:28 AM

Bharti Infratel slides 3.6%

On Wednesday decided to push the deadline for completion of merger with Indus Towers by over two months till August 31, according to a regulatory filing.

9:26 AM

Indian Oil Corp dips about 2% post Q4 nos

9:24 AM

Result Impact | Canara Bank slumps 6%

Public sector bank Canara Bank posted a pre-tax loss of Rs 3,334.5 crore for the fourth quarter ended March 31, 2020 (Q4FY20) on a decline in net interest income and higher employee costs. The lender had posted a pre-tax loss of Rs 2,550 crore in same quarter of 2018-19 (Q4FY19).

9:22 AM

Sectoral trends on NSE at Open

9:20 AM

Sensex Heatmap at Open

9:18 AM

Opening Bell | Nifty tests 10,200

9:16 AM

Opening Bell | S&P BSE Sensex dips 1% at open

9:04 AM

Top gainers and losers on the S&P BSE Sensex at Pre-open

9:03 AM

Markets at Pre-open

9:02 AM

Markets at Pre-open

9:00 AM

Stocks to watch: Ashok Leyland, Canara Bk, BPCL, Bharti Infratel, PFC, TCS

Earnings today: A total of 147 companies, including Apollo Hospitals, Ashok Leyland, and Bank of India are scheduled to announce their quarterly results today.

 

Canara Bank: Public sector bank Canara Bank posted a pre-tax loss of Rs 3,334.5 crore for the fourth quarter ended March 31, 2020 (Q4FY20) on a decline in net interest income and higher employee costs. The lender had posted a pre-tax loss of Rs 2,550 crore in same quarter of 2018-19 (Q4FY19). READ MORE

 

IOC: The country’s largest fuel retailer Indian Oil Corporation on Wednesday reported a loss of Rs 17,318 crore for the March quarter (Q4) of financial year 2019-20 (FY20) on the back of inventory losses and low fuel demand because of the global Covid-19-induced slowdown. It had recorded a profit before tax of Rs 9,020 crore in the corresponding quarter in FY19. READ MORE  

8:57 AM

BROKERAGE VIEW :: Macquarie on ICICI Bank

Maintains 'Outperform', Target price: Rs 438

>> $3 billion capital raise will strengthen balance sheet

>> Doesn't indicate asset quality issue

>> CET-1 ratio to improve by 300 bps to 16.38%

8:54 AM

BROKERAGE VIEW :: CLSA on Maruti Suzuki India

Maintains 'Sell', Revised target price: Rs 4,700 (from Rs 4,235)

>> Current stock price provides no cushion for negative surprises

>> Stock factors in rapid recovery in volume and margin

>> Expect volume to revert to its FY19 peak by FY23

>> Cuts FY21 EPS by 10% to factor in near-term volume weakness