MARKET WRAP: Sensex up 371 pts as financials surge; IndusInd Bank zooms 17%

All that happened in the markets today

10:18 AM

Just Dial zooms 10% as board to consider share buyback proposal

Shares of Just Dial rallied 10 per cent to Rs 383 on the BSE on Tuesday after the company announced that it will consider share buyback proposal on Thursday.

“A meeting of the board of directors of Just Dial will be held on Thursday, April 30, 2020 to inter-alia consider and approve the proposal for buy-back of fully paid up equity shares of the company and matters necessary and incidental thereto,” Just Dial said in exchange filing on Monday after market hours. READ MORE

10:10 AM

Rupee opening

Rupee opens weaker at 76.31/$ vs Monday's close of 76.24 against the US dollar

10:08 AM

OMCs gain as crude oil prices extend fall; HPCL, BPCL advance 1%

Shares of oil marketing companies (OMCs) were trading firm, while oil exploration companies quoted weak on the BSE on Tuesday after oil prices slumped again overnight on concerns over scarce storage capacity and global economic doldrums from the coronavirus pandemic. At 09:19 am, Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) were up 1 per cent each, while upstream companies like Oil and Natural Gas Corporation (ONGC) and OIL India slipped up to 2 per cent on the BSE. READ MORE

10:06 AM

NEWS ALERT | UK, Welsh govt reviewing Tata Steel's request for 500 mn pound bailout: CNBC TV18

-- Govt unlikely to approve bailout, believes bailout package sought by Tata Steel is too steep

 

-- Company sought 500 m pound bailout from UK govt to tackle Covid-19 impact

9:58 AM

IndusInd Bank hits 10% upper circuit on operationally strong Q4 earnings

The bank's net interest income (NII) rose 5 per cent sequentially and 45 per cent year-on-year (YoY) to Rs 3,231 crore during Q4FY20. Besides, it logged the highest-ever net interest margin (NIM) of 4.25 per cent, up from 4.15 per cent in Q3FY20 and 3.59 per cent reported during the year-ago quarter. Higher growth in the high-yield retail loan portfolio and refinance of liabilities supported the bank’s top-line growth despite poor growth in loan advances. READ MORE

9:49 AM

BUZZING STOCK:: Shriram City Union Finance up 8%

9:41 AM

MARKET UPDATE:: Sensex off opening highs, turns flat

9:40 AM

Nifty Private Bank index lead gainer among sectoral indices

9:36 AM

UPL Limited jumps 3% on completing the acquisition of Yoloo Bio-Tech

9:34 AM

Axis Bank gains 4% ahead of Q4 results today

9:32 AM

NEWS ALERT | Axis Bank-Max Life deal announcement likely today: CNBC TV18

-- Axis Bank board to consider proposal to acquire 30% stake in Max Life Insurance today

-- Axis Bank already holds under 2% stake in Max Life

9:23 AM

Ambuja Cements gains post strong Q4 results

9:21 AM

Reliance Industries gains over 1%

>> Reliance Industries (RIL) said on Monday that its board would consider a proposal to issue equity shares to existing shareholders on a rights basis, during its board meeting on Thursday. The company will also announce its March quarter results on Thursday. 

9:20 AM

Result impact | IndusInd Bank hits 10% upper circuit

9:19 AM

Sectoral trends on NSE at open | Nifty Bank index gains over 300 pts