Sensex gains 257 pts, ends above 49K; Nifty holds 14,800; Nifty Metal up 5%

Tata Steel, Hindalco, JSW Steel, Adani Ports, SBI Life, M&M, and HDFC were the top Nifty gainers

3:44 PM

Sensex Heatmap at Close

Top gainers: HDFC, Bajaj Finserv, M&M

Top losers: Bajaj Auto, Bajaj Finance, Infosys

3:34 PM

CLOSING BELL

The benchmark Nifty50 shut shop at 14,823 levels, up 98 points. On the BSE, the 30-share Sensex index closed 257 points higher at 49,206 levels.

 

3:29 PM

Result impact :: Dabur slides as Q4 nos miss estimates

3:20 PM

Sensex Heatmap at this hour

3:08 PM

Over 300 pharma, healthcare companies eligible for new Covid loans: Crisil

As many as 354 Crisil-rated companies, predominantly pharmaceutical firms and hospitals, with an aggregate bank exposure of Rs 40,000 crore will be eligible for Covid loans from lenders under RBI's liquidity facility.

 

Though pharmaceutical firms account for 68 per cent of rated bank exposure, hospitals (about 24 per cent of rated exposure) are likely to avail most of the funding available. READ MORE
 

3:00 PM

Banks want RBI to relax NPA norms for lockdown-stressed MSME sector

Commercial banks have requested the Reserve Bank of India (RBI) to relax norms on the classification for non-performing loans for micro, medium and small enterprises (MSMEs) in view of the stress the sector is facing due to lockdowns imposed by different state governments following the second Covid-19 wave. Sources in the banking industry said a request was made to the banking regulator to extend the non-performing asset classification norms for MSME borrowers to 180 days from 90 days now. A sub-standard loan is the first category of NPA. READ MORE

2:52 PM

Covid impact: Indian carriers risk consolidation, plane repossessions

Indian carriers are under renewed pressure to raise cash or face the risk of having to downsize, consolidate or have their planes repossessed by lessors as a surge of Covid-19 infections roils travel.

 

Passenger traffic fell nearly 30 per cent in April from a month before and has halved again so far in May, forcing even the country's biggest and most cashed-up carrier, IndiGo, to gear up for the storm. READ MORE

2:44 PM

India VIX eases over 5%

>> VIX is a meeasure of market volatility 

>> VIX is hovering below 21 level

2:43 PM

MARKET UPDATE:: HDFC twins, Bharti Airtel, and TCS among top contributors to Sensex's gain today

2:30 PM

Adani Transmission rises 5%, hits new high post March quarter results

Shares of Adani Transmission (ATL) rose 5 per cent to Rs 1,187.60, also its new high, on the BSE in intra-day trade on Friday after the company’s consolidated profit after tax jumped over four-fold at Rs 257 crore in March quarter (Q4FY21). The transmission and distribution business arm of the Adani Group had posted profit of Rs 59 crore in the year-ago quarter. The stock surpassed its previous high of Rs 1,147, touched on April 6. READ MORE

 

2:21 PM

Second Covid-19 wave poses a downside risk to economic growth: Finmin

The finance ministry on Friday said that the second wave of coronavirus (Covid-19) has posed a downside risk to economic activity in the April-June quarter of financial year 2022. However, it expects a muted economic impact as compared to the first wave. READ MORE

 

2:12 PM

HDFC Q4 PAT up 42% YoY at Rs 3,180 cr; Board re-appoints Keki Mistry as MD

India’s leading housing financier HDFC on Friday reported a 42.43 per cent year-on-year growth in standalone net profit at Rs 3,179.83 for January-March quarter of FY21 (Q4FY21). This compares with profit of Rs 2,232.5 crore reported in the previous year period (Q4FY20). On a quarterly basis, the profit rose 8.6 per cent from Rs 2,925.8 crore reported in Q3FY21. HDFC’s Board also approved re-appointment of Keki M. Mistry as the managing director (MD) of the Corporation for a period of three years with effect from May 7, 2021. READ MORE

1:59 PM

HDFC board okays reappointment of KK Mistry as MD for a period of 3 years

>> Board also approves raising Rs 1,25,000 crore via bonds in a year

1:55 PM

MARCH QUARTER RESULTS :: HDFC

>> PAT at Rs 3,180 crore, up 42% YoY

 

>> Board recommends final dividend of Rs 23 per equity share

1:47 PM

Broader market :: Nifty MidCap50 index in the red