MARKET WRAP: Sensex ends 114 pts higher, ITC surges 7%; India VIX drops 8%

All that happened in the markets today

10:19 AM

BROKERAGE VIEW:: ICICI Securities on Dr Reddy's

Considering fair valuation, we maintain our HOLD rating on the stock with a revised target price of Rs 3,962/share based on 23xFY22E EPS and an additional Rs 216/share for Revlimid (earlier: Rs 3,910/share).

Key upside risks: Earlier than expected launch of Nuvaring and Copaxone and material gross margin improvement with better revenue mix. Key downside risks: regulatory hurdles and currency volatility.

10:14 AM

MARKET UPDATE | Top 5 gainers on the BSE at this hour

10:13 AM

Rupee Opening

>> Rupee opens higher at 75.69 per US dollar vs Wednesday's close of Rs 75.79/$

10:02 AM

Aviation stocks gain up to 10% as domestic flight ops to resume from May 25

Shares of two listed aviation companies - InterGlobe Aviation and SpiceJet – rallied up to 10 per cent on the BSE on Thursday in early morning trade after the government on Wednesday announced that domestic airline operations would resume on May 25, more than two months after all flights were halted. The stock of the country’s largest passenger airline InterGlobe Aviation, which operates its flights under the IndiGo brand, has rallied 10 per cent to Rs 1,002 in the opening deals. At 09:26 am, it was trading 7 per cent higher at Rs 975 on the BSE. READ MORE

indigo

9:45 AM

Use rallies to selectively exit consumption-driven stocks, say analysts

Among individual stocks that comprise this index, Bharti Airtel leads the pack with a gain of 48 per cent during the lockdown period. Mahindra & Mahindra (M&M), Britannia, Bajaj Auto, Avenue Supermarts, Hero MotoCorp, Nestle India, Zee Entertainment and United Spirits are some of the other stocks that have gained between 20 per cent – 43 per cent during this period. The Nifty50 index, on the other hand, moved up around 14 per cent during this period. READ MORE

9:38 AM

BUZZING STOCK | InterGlobe Aviation jumps over 7%

>> Domestic flights to resume ops from May 25

9:27 AM

BUZZING STOCK | Bajaj Auto surges over 5% post Q4 nos

9:23 AM

SECTOR WATCH | Here's how sectoral indices on NSE performing today

9:22 AM

FIRST TRADE | Gainers and losers on the S&P BSE Sensex

9:19 AM

OPENING BELL

>> At 09:17 am, the S&P BSE Sensex was trading 156 points or 0.5 per cent higher at 30,974;
>>NSE's Nifty was trading 46 points or 0.5 per cent up at 9,112.20 levels. 

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

8:59 AM

Stocks to watch: Colgate, JSW Energy, Bajaj Auto, Indiabulls Grp, RIL, HZL

Bajaj Auto: Bajaj Auto posted better-than-expected earnings for the March quarter over the year-ago period. Profit before tax (PBT) contracted 8.2 per cent, while revenue from operations shrunk 8 per cent over the corresponding quarter last year. Net profit remained flat.

 

JSW Energy: Sajjan Jindal-promoted JSW Energy on Wednesday said it had put the acquisition of GMR Kamalanga on hold. The company cited the on-going uncertainty as the reason. READ MORE

 

8:57 AM

BROKERAGE VIEW :: CLSA on Bajaj Auto

Maintains Buy; Revised target price: Rs 3,000 from Rs 2 800

>> Q4 results better-than-expected

>> Derive comfort from Co's resilience, free cash flow conversion

>> Increase FY21/22 EPS estimate by 6-7%