MARKET WRAP: RIL, HUL help Sensex end 199 pts up; Nifty settles at 9,251

All that happened in the markets today

2:28 PM

Result Tomorrow | ICICI Bank Q4 preview: Profit may jump 3x YoY, loans under moratorium eyed

During tomorrow's board meeting, the bank will also consider fund raising by way of issuance of debt securities including non-convertible debentures or bonds in single or multiple tranches in any currency through public or private placement. In the past one month, the stock price of the Mumbai-headquartered lender has surged 19.16 per cent on the BSE, as against a 14.84 per cent gain in the benchmark S&P BSE Sensex. READ MORE

2:22 PM

Stocks that hit 52-week low on BSE in an otherwise firm market

COMPANY	PRICE(rs)	52 WK LOW	CHG(%)
AU SMALL FINANCE	420.85	420.85	-5.00
BANK OF BARODA	41.75	41.55	-1.76
BRIGADE ENTERPR.	106.05	102.10	-3.68
D B CORP	69.80	68.00	-0.50
GE POWER	407.10	406.45	-0.20

2:15 PM

MARKET CHECK | Top 5 losers on the BSE at this hour

2:07 PM

MARKET UPDATE | Power stocks slip in trade

2:05 PM

Rupee Closing

>> Rupee closes 22 paise stronger at 75.54 per US dollar vs Wednesday's close of 75.76/$

1:59 PM

Cyient locked in 10% lower circuit on lower-than-expected Q4 results

A combined 2.65 million equity shares have changed hands on the counter till the time of writng of this report, and there were pending sell orders for around 82,000 shares on the NSE and BSE. The stock of the IT consulting and software firm was trading close to its 52-week low of Rs 200 touched on April 28, 2020. READ MORE

1:51 PM

US, China trade representatives agree to strengthen ties: China ministry

Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin also agreed during the call that the two countries will work together to create a favourable environment for implementing the Phase 1 trade deal reached early this year, the ministry said.READ MORE

1:46 PM

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

1:39 PM

April MF data :: Equity inflows declines 47% MoM at Rs 6,108 cr, lowest in 2020

>> Hybrid Fund inflow at Rs 4,205 cr vs outflow of Rs 36,460 cr in March

>> Liquid fund net inflow at Rs 68,848 cr vs net outflow of Rs 1,10,037 cr MoM

>> Corp bond fund net outflow at Rs 19,239 cr vs net outflow of Rs 5,569 cr MoM 

>> Total AUM at Rs 23,93,486 cr vs Rs 22,26,203 cr MoM

(Via CNBC TV18)

1:37 PM

European indices trade higher in early deals

(Source: Reuters)

1:34 PM

US Joblessness claim :: 22 million jobs likely lost in April, reports Reuters

>> The US economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world’s biggest economy.

>> The Labor Department’s monthly employment report to be released later today is also expected to show the jobless rate surging to at least 16% last month. 

>>The historic dive in April nonfarm payrolls predicted in a Reuters survey anticipates job losses in nearly all sectors of the economy, with larger layoffs in the leisure and hospitality industry - mainly restaurants and bars.

>> Estimates in the survey ranged to as much as a loss of 35 million. Forecasts for April’s unemployment rate, which was at 4.4% in March, were as high as 22%.

1:28 PM

It will take years for jewellery sales to reach pre-Covid levels: Experts

“Gold jewellery sales are going to see a dynamic change once the lockdown ends. Sales are going to come back, with gold being the preferred choice of asset handed over at a wedding. But, it will take several years to bring back jewellery sales to pre-Covid levels,” said Somasundaram P R, managing director, World Gold Council (India). READ MORE

1:20 PM

NEWS ALERT | Supreme Court refuses to stall the sale of liquor across India, says states can consider 'home-delivery': CNBC TV18

-- SC urges states to find ways to avoid crowding at liquor shops

 

-- A PIL in the SC sought to stall liquor sale, citing rampant flouting of social distancing norms.

1:16 PM

STOCK ALERT :: RIL reclaims Rs 10 trillion m-cap mark

>> At 1:15 pm, market capitalsation stood at Rs 10,00,928 crore

1:10 PM

Laurus Labs under pressure, plunges 10% after multiple block deals

Shares of Laurus Labs slipped 10 per cent to Rs 440 on the BSE in the noon deals on Friday after a more than 30 million equity shares of the pharmaceutical company changed hands via multiple block deals. At 12:44 pm, the stock was trading 8 per cent lower at Rs 449 on the BSE, as compared to a 1.5 per cent rise in the S&P BSE Sensex. A combined 34.4 million equity shares, representing 32.2 per cent of total equity of Laurus Labs, changed hands on the BSE and NSE. READ MORE