Market Opens :
It is flat start for the benchmark indices on May 3 with.
The Sensex is up 41.39 points at 39022.82, while Nifty is up 10.90 points at 11735.70. About 318 shares have advanced, 187 shares declined, and 31 shares are unchanged.
Yes Bank, IOC, Sun Pharma, Bharti Infratel, Coal India, HDFC, Bombay Dyeing, Suntech Realty, NFL, Orient Papers, Tata Power are among major gainers, while losers are Laurus Lab, Jet Airways, L&T Infotech, TCS and Infosys.
Among sectors, except IT and FMCG all other indices are trading in green.
Rupee Opens :
The Indian rupee opened marginally lower at 69.39 per dollar versus yesterday's close 69.35.
Global Markets :
Wall Street ends lower :
US stocks eased further from recent record highs on Thursday as energy shares dropped along with oil prices and investors continued to digest comments by Federal Reserve Chairman Jerome Powell.
Asian markets trade lower :
Asian share markets were subdued on Friday amid thin holiday trade although the dollar found support as investors pared expectations for a US rate cut this year while oil prices loitered near one-month lows on oversupply fears.
SGX Nifty :
Trends on SGX Nifty indicate a flat start for the broader indices in India, a fall of 9.50 points or 0.08 percent. Nifty futures were trading around 11,745.50-level on the Singaporean Exchange.
Domestic Markets :
Bulls failed to keep the momentum going as bulls pushed the index lower in the last 30 minutes of the trade on Thursday. The S&P BSE Sensex failed to close to hold above 39,000 while the Nifty50 closed above key support of 11700.
Broad market indices like the BSE Midcap and Smallcap indices lost more, thereby underperforming the Sensex, and Nifty. The market breadth was negative on the BSE as well as NSE.
Market ended on a negative note after a volatile session as mixed bag of quarter earnings and tepid auto sales dented investor’s sentiment, experts said.
The consolidation was broad based as manufacturing activity eased in April due to general election. The Nikkei India Manufacturing Purchasing Managers' Index, declined to 51.8 in April from 52.6 in March but remained above the reading of 50 that separates expansion from contraction.
On the global front, markets were mixed as US Federal Reserve stayed patient on key rates while some were expecting possibility of a rate cut as global growth shows signs of weakness.
The rupee appreciated by 19 paise to 69.37 against the US dollar Thursday, registering its third consecutive session of gain amid easing crude oil prices and weakening of the greenback against other major currencies overseas.
On the institutional front, FPIs were net buyers in Indian markets for Rs 597 crore while DIIs were net sellers to the tune of Rs 791 crore, according to provisional data.
Here are the stocks that are in news today :
Results Today: HUL, Century Textiles, Birla Corp, Godrej Consumer Products, L&T Technology Services, Tata Chemicals, Visaka Industries, VST Industries
Tata Motors total domestic sales for April 2019 declined by 20% at 42,577 units against 53,511 units, YoY
Hero Motocorp April auto sales
Total sales at 5.74 lakh units
Tata Motors April sales:
Total JLR US sales up 10% at 9,312 units
Total Jaguar US sales up 6.3% at 2,147 units
Total Land Rover US sales up 11.1% at 7,165 units
National Fertilisers Q4
Net Profit up 19.5% at Rs 81 crore versus Rs 67.7 crore
Revenue up 47% at Rs 3,088 crore versus Rs 2,099.7 crore
Sunteck Realty Q4
Net profit up 2.9% at Rs 63.4 crore versus Rs 61.6 crore
Revenue up 30.5% at Rs 269.7 crore versus Rs 206.7 crore
Tata Power Q4
Consolidated net profit down 95.5% at Rs 57.6 crore versus Rs 1,291.5 crore
Consolidated revenue at Rs 7,230.2 crore versus Rs 7,216.9 crore
L&T Infotech Q4
Net profit at Rs 378.9 crore versus Rs 375.5 crore
Rupee revenue up 0.5% at Rs 2,486 crore versus Rs 2,472.9 crore
Dollar revenue up 2% at USD 353.8 million versus USD 346.9 million
Orient Paper Q4 net profit jumped 105% to Rs 32.4 crore versus Rs 15.8 crore, YoY
Blue Star Q4 net profit at Rs 79.8 crore versus Rs 31.7 crore, revenue up 18.5% at Rs 1,595.8 crore versus Rs 1,346.3 crore, YoY
Laurus Labs Q4: Net profit down 4.2% at Rs 431 crore versus Rs 450 crore, revenue up 13.4% at Rs 635.1 crore versus Rs 560.2 crore, YoY
Godrej Properties purchases R.K. Studios' land in Chembur, Mumbai
Standard Life to sell 1.78% stake in HDFC Life Insurance on May 3 & May 5
IRCON International wins Railway work worth USD 91.27 million in Sri Lanka
Persistent Systems joins Siemens' MindSphere Partner Program to bring Industrial IoT solutions to market
DLF transferred its property, Mall of India, Noida to one of its subsidiaries, Paliwal Real Estate at an arms-length consideration of Rs 2,950 crore
Grasim Industries' brownfield expansion of 45 TPD Value Added special fibre capacity at Kharach in Gujarat has been fully commissioned from May 1 2019.
Get our Market update and Free Trial join our services (SEBI Registration Number INA000008747) Whats App @ 9589013659 or Visit http://idealstock.in/
