Sensex dips 155 pts as record Covid cases weigh on indices; pharma stks up

Trends in the broader markets were mixed as the S&P BSE SmallCap index closed 0.7 per cent higher while the S&P BSE MidCap index dipped 0.07 per cent.

3:17 PM

J&J says in talks with Indian govt for trial of single-dose vaccine

Johnson & Johnson is in talks with India's government to begin a clinical trial of its single-dose COVID-19 vaccine in the country, the company said on Friday.

The U.S. drugs and healthcare giant's vaccine is currently approved for use in the United States, the European Union and other nations including Thailand and South Africa. READ MORE

3:04 PM

Fall from intra-day high in BSE500 stocks in today's session

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
HEG	2564.00	2175.00	2314.60	-9.73
MAS FINANC SER	886.95	803.50	811.75	-8.48
Graphite India	729.00	646.15	676.00	-7.27
AU Small Finance	1261.50	1175.30	1178.10	-6.61

Click here for the full list

3:04 PM

Global markets :: European stocks on longest weekly winning streak since November 2019

>> European stocks were subdued on Friday, but on course for their longest weekly winning streak since November 2019 as hopes of a rapid recovery in economic growth offset doubts over the euro zone’s COVID-19 vaccination programme.

>> The pan-European STOXX 600 index was flat after hitting an all-time high at the open, while UK’s blue-chip FTSE 100 and Germany’s DAX slipped 0.4% and 0.2%, respectively.

(Source: Reuters)

2:51 PM

Buzzing Stock | Barbeque Nation shares retreat after over 18% jump in early trade

2:49 PM

Second Covid-19 wave heightens risks for Indian banks, says Fitch

Rating agency Fitch today said the second wave of Covid-19 infections poses increased risks for India's fragile economic recovery and its banks. Fitch already expects a moderately worse environment for the Indian banking sector in 2021. But, headwinds would intensify should rising infections and follow-up measures to contain the virus further affect business and economic activity. India's active Covid-19 infections have been increasing at a rapid pace; new infections exceeded 100,000 a day in early April 2021, against 9,300 in mid-February 2021. READ MORE

2:38 PM

IPO Alert :: Macrotech Developers issue sail through on final day

2:36 PM

NEWS ALERT | Suraj Prakash resigns as Director (Finance) of BEML

Shri Suraj Prakashceased to be the Director (Finance) on the Board of BEML Limited with effect from April 9 consequent to his relieving from the services on April 8.

2:28 PM

Sector Watch | Nifty Pharma index best sectoral performer, up 3%

> All constituents from the index trade in the green

2:28 PM

NEWS ALERT :: There won't be any increase in fertiliser prices, says Mansukh Mandaviya, MoS Chemicals

2:21 PM

NEWS ALERT | L&T secures major order to establish solar PV plants

The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has secured a turnkey EPC Contract, from the consortium of ACWA Power and the Water and Electricity Holding Company (a subsidiary of the Public Investments Fund of Saudi Arabia (PIF)), for Sudair Solar PV Project of 1.5GW capacity. This project is considered the largest Solar Plant in Saudi Arabia with PPA signed. It is also one of the largest such plants in the world.

 

> The order is within the range of Rs 5,000-7,000 crore

(Source: BSE filing)
 

2:13 PM

SBI drags feet on loan to Adani firm for controversial Australian coal mine

Two senior State Bank of India executives, who asked not to be identified, said the bank was dragging its feet on extending part of a funding line of as much as $1 billion to Adani Enterprises Ltd., which plans to use the money for the controversial Carmichael mine. The bank’s executive committee, which will make the final decision, hasn’t had discussions about the loan this year, the officials said. READ MORE

2:01 PM

As Sensex drops 200 points, here are the top drags from the index

1:53 PM

Will TCS maintain lead over IT peers? Here's what to expect from its Q4 nos

As the information technology (IT) services sector looks poised to continue with its trailblazing journey in the March quarter of the financial year 2020-2021 (Q4FY21), analysts expect the Tata Group crown jewel Tata Consultancy Services (TCS) to maintain its leadership position in the space in terms of revenue growth and margin expansion. READ MORE

1:51 PM

MARKET CHECK :: Sharp downtick in Sensex

1:47 PM

Economic Pulse :: Net direct tax mop up exceeds revised estimates at Rs 9.45 trn in FY21

The net direct tax collection for the fiscal ended March 31 stood at Rs 9.45 lakh crore, an increase of 5 per cent over the revised estimates in the Union Budget.

 

Central Board of Direct Taxes (CBDT) Chairman P C Mody on Friday said the income tax department has exceeded the revised estimates despite issuing substantial refunds in the 2020-21 fiscal. READ MORE