MARKETS: Sensex gains 484 pts as IT, financials rally; Nifty ends at 9,314

All that happened in the markets today

1:02 PM

Europe opens higher

(Source: Reuters)

12:52 PM

No hostile takeover of Indian firms: New FDI guidelines come into effect

The Department of Economic Affairs on Wednesday issued the updated the Foreign Exchange Management (Non-debt Instruments) (FEMA) Rules, 2019 which includes the latest FDI norms. The routine update to the FEMA rules mean that from now on, all incoming funds from China, as well as all nations with which India shares a land border - including Pakistan, Bangladesh, Bhutan, Nepal and Myanmar, will now face close inspection. Earlier, this was true for only Pakistan and Bangladesh. READ MORE

12:41 PM

Rupee near day's high

12:34 PM

BUZZING STOCK:: Shriram Transport Finance up 7%

12:34 PM

ACC's strong operating performance lifts sentiment amid Covid-19 lockdown

Even as the volume pressure was evident on ACC’s March quarter performance and realisations disappointed, cost control pulled up operating performance. With both the operating and net profit ahead of estimates, the ACC stock gained more than 8 per cent on Wednesday. READ MORE

12:24 PM

NEWS ALERT | Govt allows relief from insolvency for next six months or until further notice via an amendment to IBC, 2016, report: CNBC TV18

-- Presidential nod sought to allow new clause as Sec 10A for Section 7, 9 and 10 until further notice

- Amendment says that the clause shall not be extending over one year

12:10 PM

NEWS ALERT :: RBI to conduct special OMO worth Rs 10,000 cr on April 27

12:01 PM

MARKET CHECK :: Sensex jumps 400 pts

11:57 AM

Top gainers on BSE

COMPANY	PRICE(rs)	CHG(%)
HATHWAY CABLE	21.98	15.87
EQUITAS HOLDINGS	52.45	11.36
VODAFONE IDEA	4.37	10.35
HFCL	12.36	9.96
PARAG MILK FOODS	100.00	9.95

11:56 AM

NEWS ALERT | Sales flat with volume growth of 0.2% in Q1: Unilever

>> Says, most major markets, outside China, saw normal sales in January & February; Chinese market slowed significantly during lockdown period started in Jan

>> Severely limited flow of goods across India; Indian market had slowed even before lockdown in March-end

(Via CNBC TV18)

11:51 AM

Gold Outlook | Hareesh V, Head Commodity Research at Geojit Financial Services

Gold may continue with positive momentum as investors continue to place trust on gold’s safety due to fears of a steep global recession. Fiscal stimulus measures taken by central banks to overcome the negative economic impact of the coronavirus may also support the yellow metal. Meanwhile, moderate physical market activities and a steady U.S dollar are likely to limit major gains.

 

Technical Outlook (London spot): Ongoing positive momentum may continue as long as prices stay above $1690. Immediate and minor resistance is seen at $1738, a direct break above the same is required to take prices higher to $1758 followed by $1800 levels. Immediate downside turnaround point is seen at $1672.

 

 

11:43 AM

Crude check | Brent crude futures jump 9%

11:38 AM

NEWS ALERT | Unilever Plc withdraws growth & margin guidance for 2020: CNBC TV18

11:32 AM

This pharma stock gained 152% in 1 mth on getting license to manufacture HCQ

The stock has rallied 33 per cent in the past three trading days, zooming 152 per cent in the past one month. It had closed at a multi-year low of Rs 7.71 on March 23, 2020. The stock touched a 52-week high level of Rs 24 in September 2019.

 

Till 10:53 am, a combined 590,671 shares changed hands and there were pending buy orders for 3.4 million shares on the NSE and BSE so far. READ MORE

11:25 AM

Facebook deal helps RIL get investors' attention back as debt concerns rise

The immediate trigger was falling leverage levels, which was positive as it came at a time when its core oil and gas vertical was facing major headwinds because of the collapse of crude oil prices. This raised concerns over the completion of the deal with Aramco, wherein the world’s biggest oil producer was looking at picking up 20 per cent stake in RIL’s chemical and refining business in a deal valued at $15 billion. With the fresh investment from Facebook, leverage concerns have receded. READ MORE