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

All that happened in the markets today

9:39 AM

NEWS ALERT | Tata Sons may pump in up to $5 bn across group cos between FY21-24: CNBC TV18

- Move to counter short-term liquidity challenges that arise due to Covid impact

9:37 AM

NEWS ALERT | HEG partially resumes manufacturing operations at MP plant: BSE filing

>> Says, the Company has partially resumed the manufacturing operations at its plant at Mandideep, Near Bhopal, District Raisen, MP, from today i.e 23rd April, 2020 after obtaining the prior permission from the local district authority.

9:30 AM

Fertiliser stocks gain post Cabinet decision

>> The government on Wednesday approved nutrient-based subsidy rates for phosphatic and potassic (P&K) fertilisers for the current financial year with an estimated burden of Rs 22,186 crore on the central exchequer.

COMPANY	LATEST	PREV CLOSE	GAIN(rs)	GAIN(%)
G S F C	44.30	43.15	1.15	2.67
G N F C	140.65	137.40	3.25	2.37
COROMANDEL INTER	551.45	541.20	10.25	1.89
CHAMBAL FERT.	129.25	128.15	1.10	0.86

9:27 AM

NBCC gains over 3%

>> The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked state-owned-NBCC to implement its proposal to acquire debt ridden Jaypee Infratech and complete over 20,000 pending flats, but said the direction is subject to its final order.

9:26 AM

Vodafone Idea surges 13% as parent firm releases funds

>> Vodafone Plc on Wednesday announced that it was making an advance payment of $200 million to its India arm -- Vodafone Idea, mainly to tide over any liquidity crisis arising out of the Covid-19 pandemic

9:23 AM

Britannia Industries zooms nearly 4% ahead of Board meeting

9:21 AM

Sectoral trends on NSE at open

9:20 AM

Sensex Heatmap at Open

9:20 AM

FIRST TRADE

9:18 AM

FIRST TRADE | Sensex opens with a marginal cut

9:04 AM

Top gainers and losers on S&P BSE Sensex at Pre-open

9:03 AM

Market at Pre-open

9:02 AM

Market at Pre-open

8:58 AM

Stocks to watch: Britannia Ind, Vodafone Idea, Bharti Infratel, NBCC, MCX

Earnings today: Britannia, Bharti Infratel, and Hathway Cable & Datacom are among seven companies that are scheduled to release March quarter results later in the day.

 

Fertilizer stocks: The government on Wednesday approved nutrient-based subsidy rates for phosphatic and potassic (P&K) fertilisers for the current financial year with an estimated burden of Rs 22,186 crore on the central exchequer. READ MORE

8:55 AM

BROKERAGE VIEW :: Motilal Oswal Financial Services on NTPC

CMP: Rs 98 | TP: Rs 148 (+52%) | Buy

Given the regulated structure of the business and cost recoveries linked to plant availability, the impact on NTPC’s existing earnings base is negligible. Lower plant utilization could impact PLF incentives, but this forms 1–2% of our FY21 earnings estimate. Lower PLF could also impact operating parameters such as auxiliary consumption and station heat rate (SHR); however, current regulations provide compensations for the same. With the recent decline in stock price, NTPC now trades at FY21 0.8x P/BV, which is at a ~40% discount to its long-term averages. Reiterate our Buy rating on the stock, with a TP of INR148/sh