Sensex recovers 600 pts from day's low, ends 223 pts up; FMCG, pharma rally

All that happened in the markets today

11:10 AM

BUZZING STOCK | Wipro shares gain nearly 4% as Capgemini COO Thierry Delaporte becomes new CEO and MD

11:03 AM

MARKET UPDATE:: Broader indices outperform benchmarks

10:55 AM

Voda Idea, Bharti Airtel: How to trade telecom stocks in the current market

BSE Telecom Index: The index is rising with “Higher High, Higher low” formation and the upward momentum will continue till 1187 level is held convincingly. Going forward, a close above 1,300 levels may further boost the momentum leading to 1,370 and then 1,400 levels. The overall trend remains positive as the index trades above all the crucial moving averages 50-DMA, 100-DMA and 200-DMA. READ MORE

10:45 AM

Corona warriors for markets: Ambani, Adani stocks rise most since lockdown

Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market, with their group market capitalisation rising faster than the 23 per cent gain for the entire universe of companies listed on the BSE. Of these, six have outperformed the broad market substantially.

 

They are the Mukesh Ambani, Bharti, Adani, Sun Pharma, Vedanta, and Shiv Nadar groups, clocking 30 per cent plus gains. READ MORE

10:36 AM

SECTOR WATCH:: Pharma stocks advance

COMPANY	LATEST(rs)	CHG(%)
CIPLA	645.30	2.71
LUPIN	863.30	-2.06
CADILA HEALTH.	349.50	3.39
GLENMARK PHARMA.	354.40	3.22
SUN PHARMA.INDS.	466.45	1.57

10:21 AM

TVS Motor shares dip over 3% as March quarter profit plunges 43%

The company reported total sales of 32.63 lakh units in 2019-20 as against 39.14 lakh units in 2018-19. During the fourth quarter, the company’s overall two-wheeler and three-wheeler sales, including exports, stood at 6.33 lakh units as compared with 9.07 lakh units registered in the quarter ended March 2019. READ MORE

10:14 AM

Wipro shares gain 1% after Co appoints Thierry Delaporte as new CEO and MD

At 09:50 am, the stock was trading 1.46 per cent higher at Rs 202 apiece on the BSE. In comparison, the benchmark S&P BSE Sensex was trading nearly a per cent lower at 31,901 levels. Wipro had hit a 52-week high of Rs 301.55 on June 14, 2019, whereas its 52-week low level stands at Rs 159.60, hit on March 19 this year. READ MORE

10:08 AM

Bharti Infratel hits over 3-month high; zooms 100% from March lows

The stock was trading at its highest level since February 14, 2020. With today’s rally, Bharti Infratel stock has zoomed 100 per cent from its 52-week low level of Rs 121 touched on March 19, 2020. In the past one month, it has soared 46 per cent as against a 2 per cent decline in the S&P BSE Sensex READ MORE

9:57 AM

Capgemini COO Thierry Delaporte becomes new Wipro CEO and MD

Wipro Ltd on Friday named Thierry Delaporte as the new chief executive officer and managing director of the IT company, replacing Abidali Neemuchwala.

 

Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group. READ MORE

Thierry Delaporte

9:47 AM

Vodafone Idea up 15% on reports of Google eyeing 5% stake in the company

The telecom services provider's stock was trading at its highest level since March 16, 2020. Since April 1, the stock price has more-than-doubled from Rs 3.04, as compared to a 13.4 per cent rise in the S&P BSE Sensex. READ MORE

9:40 AM

Metal stocks under pressure amid weak global cues

9:29 AM

Nifty Pharma index gains 1% in a weak market

9:26 AM

Wipro gains over 1% in early deals

9:24 AM

Result Impact | Ceat rallies 4%

9:23 AM

Result Impact | TVS Motor slips 2%

>> Net profit of TVS Motor Company declined 44.80 per cent to Rs 73.87 crore in the quarter ended March 2020 as against Rs 133.83 crore in the corresponding quarter of the previous fiscal. Sales declined 20.59 per cent to Rs 3,481.42 crore