Market Opens :
It is flat start for the Indian Indices on April 30. The Sensex is down 60.31 points at 39007.02, while Nifty is down 27.20 points at 11727.50. About 351 shares have advanced, 409 shares declined, and 61 shares are unchanged.
Maruti Suzuki, Yes Bank, Bharti Infratel, IndusInd Bank, Hero Motocorp, DHFL, L&T, PNB Housing, are among major losers on the indices, while gainers are ONGC, Grasim Industries, Wipro and Tech Mahindra.
Among sectors, Bank Nifty is under pressure with a fall of 1 percent. Auto and metal stocks are also trading lower.
Rupee Opens :
The Indian rupee gained in the early trade on Tuesday. It opened higher by 17 paise at 69.84 per dollar on Monday versus 70.01 Friday.
Global Markets :
Asian markets trade lower :
Shares in Asia fell on Tuesday despite another record high close for the S&P 500, as investors await a US Federal Reserve policy decision for clues of whether it will continue to take a "patient" approach to interest rate policy.
SGX Nifty :
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 27.5 points or 0.23 percent. Nifty futures were trading around 10,842 - level on the Singaporean Exchange.
US Markets :
The S&P 500 set an intraday record high on Monday, bolstering the view that the decade-long bull market has further to run, after consumer spending rose in March and inflation data was benign.
Domestic Markets :
Results on April 30 :
Ambuja Cements, TVS Motor, Kotak Mahindra Bank, Ajanta Pharma, BASF, Can Fin Homes, CONCOR, Exide Industries, Godrej Properties, Gammon India, Gruh Finance, Raymond, Shoppers Stop.
Stocks in news:
L&T Finance Holdings said its consolidated net profit more than doubled to Rs 552.12 crore during the quarter ended March 2019. The company had posted a Rs 270 crore net profit in the same period a year ago.
Private lender YES Bank on Friday reported a surprise loss of Rs 1,506.64 crore for the quarter ended March 31 on spike in provisions and contingencies.
Persistent Systems Q4: Net profit down 7.6% at Rs 84.47 crore, dollar revenue down 2% at USD 118.30 million, QoQ
Yes Bank Q4: Net loss of Rs 1,506.6 crore against profit of Rs 1,179.4 crore, NII up 16.3% at Rs 2,505.9 crore versus Rs 2,154.3 crore, YoY.
Hero Motocorp Q4: Net profit fell 24.5% at Rs 730.3 crore versus Rs 967.4 crore, revenue down 7.9% at Rs 7,885 crore versus Rs 8,564 crore, YoY
Castrol India Q4: Net profit up at Rs 185 crore; revenue up 5.3% at Rs 976.2 crore.
NTPC to start commercial operations at its Gadarwala plant w.e.f. April 30
Cipla receives final approval for generic version of Gilead Sciences, Inc’s Letairis
NHPC signs a memorandum of understanding (MoU) with Indian Army for undertaking construction of semi underground bunkers and fully underground caverns at different locations in India
Bank of Maharashtra Q4: Net profit at Rs 72.4 crore versus loss of Rs 113.5 crore, Gross NPA at 16.40 percent against 17.31 percent, QoQ
OnMobile Global incorporates subsidiary company OnMobile Bangladesh Technologies
HCL Technologies partners with Cherwell Software
Shanthi Gears recommended final dividend of Re 1 per equity share
Glenmark launches novel, globally‐researched anti‐diabetes drug Remogliflozin in India
Reliance Nippon Life Asset Management declared interim dividend of Rs 3 per equity share
NBCC submitted a revised resolution plan in respect of Jaypee Infratech to the Interim Resolution Professional
Kotak Mahindra Investments, a wholly owned subsidiary of Kotak Mahindra Bank, completed the sale of its entire equity stake in Matrix Business Services India
Fire broke out in the paints factory of Kamdhenu at Rajasthan
Shankara Building Products approved partial sale of assets including land, building and equipment of Taurus Value Steel & Pipes
Cholamandalam Investment and Finance Company approved subdivision of equity shares
NHPC signs a memorandum of understanding (MoU) with Indian Army for undertaking construction of semi underground bunkers and fully underground caverns at different locations in India
Greaves Cotton to consider Q4 results and proposal for buyback of equity shares on May 2
Precision Camshafts approved to initiate liquidation of a wholly owned subsidiary company PCL (Shanghai) Co
Acuite Rating & Research assigned Acuite BBB- and Acuite A3 rating for long term and short term bank facilities of Mukand
Cipla's wholly owned subsidiary Cipla Medpro South Africa (Pty) completed closing of transaction and acquired 30% stake in Brandmed (Pty)
GMM Pfaudler completed the acquisition of the IMSD of Sudarshan Chemical Industries
JSW Energy secured a purchase order from Telangana State Discoms of 300 MW
Eclerx Services approved buyback price at Rs 1500 per share, and the aggregate amount of buyback upto Rs 2,620 million.
Minda Industries has issued the Commercial Paper of Rs 30 crore
TVS Motor to invest Rs 63,268 in Altizon Systems
HPCL-MRPL merger hits cash hurdle; ONGC rules out share swap: PTI
Avenue Supermarts issued commercial papers of Rs 20 crore
Garden Reach Shipbuilders entered in to contract with GOI for construction and delivery of 8 ASW Swallow Water Craft at an estimated cost of Rs 6,311.32 crore
Lok Sabha election tracker LIVE :
PM Modi will be addressing rallies in Bihar and Uttar Pradesh today :
11.00 am: Muzaffarpur, Bihar
2.40 pm: Bahraich, Uttar Pradesh
4.25 pm: Barabanki, Uttar Pradesh
Rahul Gandhi will be addressing three rallies in Madhya Pradesh today:
12.00 pm: Jatara in Tikamgarh
1.45 pm: Patharia in Damoh
4.15 pm: Amanganj in Khajuraho
Update:
EC has said that it will take the decision on the various complaints received against Prime Minister Narendra Modi, BJP National President Amit Shah, and Congress Chief Rahul Gandhi for violating the Model Code of Conduct tomorrow.
This comes in response to the Congress approaching the Supreme Court over the EC sitting on numerous complaints against the Prime Minister. In her petition, Congress leader Sushmita Dev alleged that both indulged in hate speeches and used armed forces for “political propaganda".
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