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

All that happened in the markets today.

10:11 AM

Alembic Pharma hits 52-wk high, rallies 20% in 3 days on robust Q4 numbers

The company's total revenue during the quarter under review grew 30 per cent year-on-year (YoY) at Rs 1,207 crore against Rs 927 crore in the corresponding quarter of previous year. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) during the quarter jumped 95 per cent to Rs 339 crore from Rs 174 crore in Q4FY19. Ebitda margin expanded 900 basis points to 28 per cent from 19 per cent in the previous fiscal. READ MORE

9:57 AM

Mahindra CIE hits 5% lower circuit as March quarter profit slips over 86%

The auto components maker had posted a consolidated profit after tax of Rs 153.72 crore in the corresponding quarter of previous fiscal.

 

Consolidated revenue from operations in the first quarter stood at Rs 1,662.7 crore as compared with 2,174.39 crore in the year-ago period. READ MORE

9:51 AM

Franklin MF concall | Liquidity crunch aggravated during lockdown, says management

>> Had no other option but to close MFs

>> No transaction to take place in the funds 

>> No management charges to be levied in future

>> Decision taken due to redemption pressure

(via CNBC Aawaz)

9:49 AM

SECTOR WATCH:: Insurance stocks fall

COMPANY NAME	LATEST	CHG(%)
ICICI PRU LIFE	350.90	-2.85
HDFC LIFE INSUR.	473.65	-2.98
SBI LIFE INSURAN	704.80	-1.49
GENERAL INSURANC	137.20	-3.38

9:46 AM

Chris Wood rejigs India exposure; says lockdown disastrous for economy

As regards India, Wood remains concerned that the lockdown in the economy continues, which in turn, will impact the consumer lending cycle. “GREED & fear repeats the point that in countries such as India, with young demographics, such a lockdown causes more human suffering that Covid-19 itself. This continuing lockdown is, unfortunately, making it ever more inevitable that India will suffer a consumer lending cycle. There is also a growing risk of increased forbearance on local lenders, as there is for lenders everywhere,” he said. READ MORE

9:45 AM

Nifty Private Bank index declines 3% in early deals

9:32 AM

Result Impact | Bharti Infratel trades with marginal cut post Q4 nos

9:30 AM

Future Retail jumps 5% in a weak market despite downgrade

>>  S&P Global Ratings on Wednesday lowered its preliminary long-term issuer credit rating on Future Retail and the preliminary long-term issue rating on the company’s $500-million senior secured notes to ‘CCC-’ from ‘B-’.

9:28 AM

Ashok Leyland dips 2% in early deals

Hinduja Group flagship Ashok Leyland Ltd has acquired 15,796,406 shares of Rs 10 each constituting 3.36 per cent of the equity of its subsidiary Hinduja Leyland Finance Ltd for Rs 187.97 crore. The acquisition is part of the 6.99 per cent acquisition approved by the Board at the meeting held on March 21, 2020.

9:26 AM

Sectoral trends on NSE at open | Banks, NBFCs slide

9:25 AM

Sensex Heatmap at Open

9:20 AM

FIRST TRADE | Nifty opens below 9,200-mark

9:19 AM

FIRST TRADE | Sensex slips nearly 500 pts at open

9:06 AM

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

9:05 AM

Market at Pre-open