MARKET WRAP: Sensex gains 223 pts as banks rally; Nifty settles at 8,993

All that happened in the markets today

9:29 AM

India Cements dips marginally on rating downgrade

>> CARE Ratings has revised the ratings on India Cements' long-term bank facilities and non-convertible debentures as 'CARE A-' from 'CARE A'. The outlook remained 'stable'. On the short-term bank facilities, the revised rating is 'CARE A2+' from 'CARE A1' earlier.

9:27 AM

Bajaj Auto cracks 2%

>> Bajaj Auto has proposed a 10 per cent pay cut for factory employees if production does not resume on April 21.

9:25 AM

Ahead of result :: TCS trades 2% lower ahead of Q4 nos

Analysts see some erosion in the company's revenue due to the nationwide lockdown that kickstarted in March. Further, owing to Covid-19 impact, which has led to a steep negative impact on the macroeconomy, they expect headwinds in most of its verticals. READ PREVIEW HERE

9:23 AM

Wipro trades weak post Q4 earnings

9:21 AM

Sectoral trends at NSE at open | Nifty IT index under pressure post Wipro's Q4 nos

9:19 AM

Sensex Heatmap at Open | RIL provides support to a weak market

9:18 AM

FIRST TRADE

9:17 AM

FIRST TRADE

9:12 AM

NEWS ALERT :: US FDA closes inspection of Biocon-arm's two manufacturing units: BSE filing

9:06 AM

Top gainers and losers at S&P BSE Sensex during Pre-Open

9:05 AM

Market at Pre-Open

9:05 AM

Market at Pre-Open

9:04 AM

Stocks to watch: Wipro, TCS, Bajaj Auto, India Cements, JSW Energy

Wipro: IT services major Wipro on Wednesday posted muted growth in its revenue and profit numbers for the fourth quarter of the last financial year, as the ongoing Covid-19 crisis created disruption in both the operation and demand fronts. Even growth in top line remained weak for the entire FY20.

 

TCS: Tata Consultancy Services (TCS) is scheduled to release its financial results for the March quarter of the fiscal year 2019-20 (Q4FY20) on Thursday. Analysts see some erosion in the company's revenue due to the nationwide lockdown that kickstarted in March. READ MORE

9:01 AM

BROKERAGE RADAR :: CLSA ON WIPRO

Maintains 'Sell' | TP: Rs 180 (previous target: Rs 235)

>> Revenue may be weak in Q1FY21 on low demand

>> Gradual recovery expected in H2FY21

>> Cuts revenue estimate by 8-9% and margin by 50-100 bps for FY21-22.

8:58 AM

BROKERAGE RADAR :: BofAML on BPCL

Upgrades to 'Buy' | TP: Rs 470

>> Operationally sound OMC with impending sale

>> Valuation cheap at current levels

>> Diversified portfolio to help hedge risk