MARKET WRAP: Sensex ends 114 pts higher, ITC surges 7%; India VIX drops 8%
All that happened in the markets today
 "Markets, sensex, nifty, share market, BSE, NSE, traders, stock brokers")
Nifty held on to the crucial 9,100-level to end at 9,106.25, up 40 points or 0.44 per cent.
8:54 AM
BROKERAGE VIEW :: Morgan Stanley on UltraTech Cement
Maintains Overweight; Target price: Rs 3,700
>> Good performance on cost
>> Robust cash flow generation and reduction in net debt
>> Strong focus on conserving cash while external environment is uncertain
>> Good performance on cost
>> Robust cash flow generation and reduction in net debt
>> Strong focus on conserving cash while external environment is uncertain
8:50 AM
BROKERAGE VIEW :: Credit Suisse on UltraTech Cement
Maintains Outperform; Revised target price: Rs 4,500 from Rs 3,900
>> Says, Rs 7,000 cr cash generation and commodity cost decline underscore positive stance
>> Larger-than-peers' volme decline at 16%
>> Realisation lower-than-expected
>> Overall, EBITDA largely met estimates given lower cost
>> Says, Rs 7,000 cr cash generation and commodity cost decline underscore positive stance
>> Larger-than-peers' volme decline at 16%
>> Realisation lower-than-expected
>> Overall, EBITDA largely met estimates given lower cost
8:44 AM
BROKERAGE VIEW :: Nomura on Bajaj Auto
Maintains Buy; Target price: Rs 3,030
>> Says, earnings beat estimate; margin outlook healthy
>> Expects currency benefit and price increase to support margin
>> Co expects volume recovery in H2
>> Co says high margin from improved mixmay not sustain
>> Says, earnings beat estimate; margin outlook healthy
>> Expects currency benefit and price increase to support margin
>> Co expects volume recovery in H2
>> Co says high margin from improved mixmay not sustain
8:41 AM
BROKERAGE VIEW :: Nomura on UltraTech Cement
Maintains Buy; Target price: Rs 5,500
>> Says, volumes came in weaker in Q4 thsn expected
>> Tax writebacks, however, boosted earnings
>> Lower costs cushion EBITDA margin
>> Says, volumes came in weaker in Q4 thsn expected
>> Tax writebacks, however, boosted earnings
>> Lower costs cushion EBITDA margin
8:34 AM
Strength in Nifty only above 9,300 levels: Gaurav Garg of CapitalVia
Indices moves higher with the help of short-covering; Nifty closed above 9,000
Market traded in a close range on Wednesday but witnessed a sharp short-covering move in the last hour, which pushed Nifty above 9,000. The index managed to close at 9,066.55, adding 187.65 points. All sectoral indices closed on a positive note, but pharma, auto and financials stocks surged the most. Nifty bank closed at 17,840.20, adding 353.95 points from the previous day’s closing. READ MORE
8:27 AM
FII/FPI & DII trading activity on NSE, BSE and MSEI
8:26 AM
Rupee check
Source: Bloomberg
8:23 AM
Oil check
>> At 8:22 am, Brent Crude futures were at $35.93, up 0.5 per cent
8:20 AM
SGX Nifty indicates negative start for indices
>> At 8:19 am, the inex was at 9,042.75 level, down 43.25 points or 0.48 per cent.
8:15 AM
Asia shares set for early gains as focus swings to recovery
Source: Reuters
8:14 AM
Wall St climbs on stimulus hopes, as S&P, Nasdaq hit multi-month highs
Source: Reuters
8:10 AM
Track all the latest markets' development here.
8:10 AM
Good Morning!
Welcome to Business Standard's LIVE market blog.
Welcome to Business Standard's LIVE market blog.
Topics : Coronavirus MARKET WRAP Bajaj Auto Markets Dr Reddy's Laboratories Bajaj Finserv Colgate Palmolive
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First Published: May 21 2020 | 7:44 AM IST
