F&O EXPIRY: Sensex tanks 324 points, Maruti dips 2%; Brent hits $75/bbl

All that happened in the markets today

11:00 AM

Top gainers at this hour

COMPANY	PRICE(Rs)	CHG(Rs)	CHG(%)	VOLUME
ORIENT CEMENT	101.35	7.80	8.34	21577
JK LAKSHMI CEM.	373.00	19.40	5.49	6414
SPICEJET	132.75	6.50	5.15	3296407
ULTRATECH CEM.	4614.05	217.60	4.95	45813
INDBULL.REALEST.	121.55	5.20	4.47	952956

10:59 AM

Sectoral trends on NSE

10:59 AM

Anand Rathi Financial Services on Swaraj Engines

We expect a 10% CAGR in earnings over FY19-21 to Rs 998 million. With the company's lean cost structure and strong balance sheet, we value the stock at 26x FY21 (assigning lower multiple for lower growth) EPS of Rs 82.3 and arrive at a revised target price of Rs 2,139 (earlier Rs 2,312). We maintain a Buy. 

 

Risk: Constrained volume growth in M&M tractors.

10:58 AM

Top gainers and losers on S&P BSE Sensex

10:57 AM

Market check

10:56 AM

Market check

10:54 AM

Biocon up over 1% ahead of Q4 result

10:51 AM

NSE tightens trading margins for derivatives segment under new framework

The National Stock Exchange (NSE) on Wednesday increased trading margins for the derivatives segment.

 

“In a joint meeting of exchanges and the Securities and Exchange Board of India, it has been decided that the markets should be altered at different levels of MWPL,” the NSE said in a circular. READ MORE

10:43 AM

NEWS ALERT | Vodafone Idea clarifies that total applications for rights issue have exceeded the amount of Rs 25,000 crore

10:33 AM

NEWS ALERT | Indiabulls Housing Finance announces dividend payment date

The company, in a filing to BSE said that it will pay an interim dividend of Rs 10 per share on face value of Rs 2 per share for FY20. The record date for determining the eligible members will be May 8, 2019 and dividend will be disbursed on or before May 23, 2019. 

The compoany will also issue Secured Non-Convertible Debentures and Unsecured, Redeemable, Non-Convertible Subordinate Debt in the nature of Debentures (NCDs) upto INR 25,000 Crore and INR 1,000 Crores respectively, on private placement basis, in one or more tranches,from time to time.

 

  

10:25 AM

MRF up Rs 313 apiece on NSE

10:23 AM

Tata Steel down 0.41% ahead of Q4 numbers

10:20 AM

Grasim Industries up 2.9% on NSE

10:19 AM

UltraTech Cement hits 52-week high; up 7% in two days on strong Q4 results

UltraTech Cement shares hit 52-week high of Rs 4,510, up 3 per cent, in early morning trade on Thursday, and have surged 7 per cent in the past two trading days on the BSE, after the company reported strong performance in the March quarter (Q4FY19). The stock surpassed its previous high of Rs 4,490, touched on August 31, 2018 and is 2 per cent away from its all-time high of Rs 4,594, recorded on January 16, 2018 on the BSE in intra-day trade. READ MORE

10:14 AM

Ipca Labs up nearly 2%

Drug firm, on April 24, said it has entered into a pact to buy Maharashtra-based Ramdev Chemical for Rs 108.5 crore.