Sensex ends 97 pts lower amid geopolitical tensions, rise in Covid-19 cases

All that happened in the markets today

10:50 AM

Adani Green Energy gains for 10th straight day, zooms 209% in 3 months

On June 9, 2020, Adani Green Energy said that it had bagged “the world’s largest solar tender” from the Union government to construct an 8-gigawatt (Gw) photovoltaic power plant and set up a 2 GW solar cell and module manufacturing capacity in five years. This would entail an investment of Rs 45,000 crore at a time when companies in almost all sectors are looking to cut down capital expenditure. READ MORE

10:45 AM

Navin Flourine surges 6% on Q4 earnings, update on Covid-19 impact

It posted a 52 per cent YoY growth in its Speciality Business revenues to Rs 104 crore on the back of strong performance in domestic and export markets driven by higher volumes. CRAMS Business revenues grew at 26 per cent YoY to Rs 54 crore on successful commissioning and operations of cGMP-3 plant, and strong order book position. READ MORE

10:40 AM

NEWS ALERT :: Maruti Suzuki partners with Karur Vysya Bank to offer financial schemes to customers

10:33 AM

Globus Spirits locked at 10% upper circuit

10:25 AM

India Cements gains over 10%, nears 52-wk high; jumps 95% so far in CY 2020

As per reports, Radhakishan Damani, the promoter of Avenue Supermarts, that runs the supermarket chain D-Mart, is considering acquiring a controlling stake in India Cements. The report says that Damani has formally reached out to N Srinivasan to explore a takeover.

 

As per shareholding pattern data for the March quarter, Radhakishan Damani along with Gopikishan Damani hold around 20 per cent stake in the company READ MORE

10:18 AM

MARKET UPDATE :: Sensex stages recovery, up 100 pts now

10:10 AM

STOCK ALERT :: Coromandel International hits record high

10:06 AM

Rupee Opening

Rupee opens unchanged at 76.21 per US dollar vs previous close

9:59 AM

Kaveri Seed hits 52-week high, surges 58% in 13 days on strong Q4 results

In the first 13 trading sessions of this month, Kaveri Seed Company has surged 58 per cent after it reported a strong operational performance for the quarter ended March 2020 (Q4FY20).

 

The company reported Ebitda (earnings before interest, taxes, depreciation, and amortisation) of Rs 18.31 crore in Q4FY20, as against loss of Rs 2.79 crore in Q4FY19. Ebitda margins (excluding other income) stood at 29.01 per cent, compared to negative 5.23 per cent in the year-ago quarter. READ MORE

9:53 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	9.63	-1.33
RELIANCE POWER	2.95	4.24
DISH TV INDIA	7.98	5.00
FUTURE CONSUMER	13.38	4.94
SUPREME INDS.	1113.40	2.28

9:47 AM

Maruti Suzuki India top Sensex gainer, recovers 3% from opening lows

9:45 AM

Global fund managers cautious on equities; geopolitics, Covid-19 key risks

A record 78 per cent of investors surveyed by BofA Securities believe markets are most ‘overvalued’ since 1998. Just 18 per cent among those surveyed expect V-shaped recovery in the economy and markets versus 64 per cent expecting U- or W-shaped recovery. “37 per cent now say it's a bull market, 53 per cent majority still say it's a bear market rally,” BofA Securities said in its fund manager survey for June. The biggest tail risk, according to the survey, remains a second wave Covid-19 infections. READ MORE

9:38 AM

MARKET CHECK :: Sensex recovers from day's low, trades flat

9:31 AM

Pharma shares gain in weak mkt; Nifty Pharma index up 0.66%

9:26 AM

NMDC rises 1%

>> Mining major NMDC's profit before tax (PBT) dropped by 33 per cent to Rs 1,482 crore during the fourth quarter ended March 31, 2020, from Rs 2,197 crore, a year ago. Profit after tax (PAT) dropped by 76 per cent to Rs 351 crore from Rs 1,454 crore, compared to the same period last year.