MARKET WRAP: Sensex slips 536 pts, Nifty ends at 9,154; financials decline

All that happened in the markets today.

11:24 AM

We don't need a first loss provision: AMFI Chairman

11:21 AM

SBI MF | Need to ensure liquidity issue doesn't become solvency issue

11:18 AM

HDFC AMC | Central Bank should come up with a direct financing line for MFs

11:16 AM

SBI MF | Need a word of confidence from the RBI to assure investors

11:11 AM

HDFC AMC | RBI may need to mull unconvenional methods to boost bond market

11:09 AM

HDFC AMC | There's a need to keep investor confidence

11:08 AM

AMFI on developments related to Franklin Templeton

-- There is a need to keep investor confidence intact: HDFC MF

-- Entire corpus of a credit risk fund doesn't comprise a weak paper: HDFC MF
 

-- Nothing has changed overnight as far as the market is concerned: SBI MF

(as told to CNBC TV18)

-- There is a need to keep investor confidence intact: HDFC MF

11:06 AM

SBI MF | Think RBI and Sebi are working together in ensuring liquidity

10:58 AM

Franklin Templeton MF Con Call | We started seeing increasing issues w.r.t liquidity during lockdown

>> Don't expect bond market to return to normalcy anytime soon;
>> winding up schemes was the only way to combat current situation

10:47 AM

Bharti Infratel jumps 4% after March quarter results, pares gains later

However, the stock failed to hold the gains and declined over 9.6 per cent from intra-day high to as low as Rs 156.90 on the BSE. At 10:30 AM, the stock was down 5.21 per cent at Rs 157.50 against 1.43 per cent decline in S&P BSE Sensex. Around 67 lakh shares have changed hands on the counter on the NSE and BSE combined so far. READ MORE

10:42 AM

Result Today | Mindtree Q4 preview: Commentary on Travel biz, growth outlook for FY21 eyed

Centrum Broking expects Mindtree's US dollar revenues to grow 1 per cent quarter-on-quarter (QoQ) and 6 per cent year-on-year (YoY) at $278 million. In rupee terms, revenue is expected to grow 3.2 per cent QoQ and 10.3 per cent YoY at Rs 2,029 crore. Earnings before interest and tax (EBIT) is estimated at Rs 251.6 crore, up 6.4 per cent QoQ and 5.9 per cent YoY while EBIT margin is projected at 12.4 per cent, up 40 bps QoQ and down 50 bps on YoY basis. Net profit is expected to decline by 1.8 per cent YoY at Rs 194.8 crore. READ MORE

10:31 AM

FPIs reduce stake in financial sector, the worst performer in March quarter

In HDFC Bank, Housing Development Finance Corporation (HDFC), ICICI Bank, State Bank of India (SBI), Axis Bank and Bandhan Bank, FPIs reduced their holdings in the range of 100 basis points (bps) to 300 bps during the quarter. In Jammu & Kashmir Bank, their stake was declined by 402 bps at 10.4 per cent at the end of March quarter. The 100 basis points is equivalent to 1 per cent. Bajaj Finance and IndusInd Bank have not disclosed their latest shareholding pattern data with the stock exchanges. READ MORE

10:25 AM

Franklin MF concall | Will repay investors whenever possible, says management

>> RBI has taken several steps in the past; results are slowly visible

>> Need for positive sentiment in the market

>> Hope to return to normalcy soon

(Via CNBC Aawaz)

10:20 AM

NEWS ALERT | L&T Construction wins orders in the range of Rs 1,000-2,500 crore: BSE filing

>> Railways Strategic Business Unit of LOT Construction's Transportation Infrastructure IC in consortium with M/s Kyosan Electric Manufacturing Co. Ltd., Japan has won a significant order in the form of 3 packages from the Dedicated Freight Corridor Corporation of India Limited (DFCCIL). 

10:14 AM

Rupee Opening

>> Rupee opens weaker at 76.29/$ vs Thursday's close of 76.07 per US dollar