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Benchmarks slide for 4th day
(15:35, 03 Aug 2020)

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Key-domestic-benchmarks-ended-with-steep-losses-on-Monday,-extending-their-losing-streak-to-fourth-consecutive-trading-session.-Selling-pressure-in-banks-and-financial-stocks-dragged-indices-lower.-

As-per-the-provisional-closing-data,-the-barometer-index,-the-S&P-BSE-Sensex-slumped-667.29-points-or-1.77%-at-36,939.56.-The-Nifty-50-index-lost-176.70-points-or-1.6%-at-10,896.75.

Index-heavyweights-RIL-(down-2.85%),-HDFC-Bank-(down-2.63%)-and-TCS-(down-1.48%)-were-major-drags.-

Weak-domestic-economic-data-and-negative-global-cues-weighed-on-sentiment.-A-surge-in-fresh-coronavirus-cases-and-intensifying-US-China-tensions-also-put-pressure-on-stocks.

The-broader-market-finished-on-a-mixed-note.-The-S&P-BSE-Mid-Cap-index-declined-0.24%-while-the-S&P-BSE-Small-Cap-index-advanced-1.14%.

The-market-breadth-was-positive.-On-the-BSE,-1346-shares-rose-and-1215-shares-fell.-A-total-of-183-shares-were-unchanged.

COVID-19-Update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-18,093,891-with-689,428-deaths.-India-reported-5,79,357-active-cases-of-COVID-19-infection-and-38,135-deaths-while-11,86,203-patients-have-been-discharged,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Economy:

The-seasonally-adjusted-IHS-Markit-India-Manufacturing-PMI-fell-to-46-in-July,-from-47.2-in-June,-and-pointed-to-a-marked-deterioration-in-business-conditions-across-the-Indian-manufacturing-sector.

Commenting-on-the-latest-survey-results,-Eliot-Kerr,-Economist-at-IHS-Markit,-said:-Latest-PMI-data-from-Indian-manufacturers-shed-more-light-on-the-state-of-economic-conditions-in-one-of-the-countries-worst-affected-by-the-COVID-19-pandemic.-The-survey-results-showed-a-re-acceleration-of-declines-in-the-key-indices-of-output-and-new-orders,-undermining-the-trend-towards-stabilisation-seen-over-the-past-two-months.-Anecdotal-evidence-indicated-that-firms-were-struggling-to-obtain-work,-with-some-of-their-clients-remaining-in-lockdown,-suggesting-that-we-won't-see-a-pick-up-in-activity-until-infection-rates-are-quelled-and-restrictions-can-be-further-removed.However,-on-a-more-positive-note,-firms-remained-optimistic,-with-confidence-towards-future-activity-continuing-to-strengthen-during-July.

India's-fiscal-deficit-reached-₹-6.62-lakh-crore,-or-83.2%-of-the-budgeted-estimate-in-the-quarter-ended-June.-The-gap-between-the-revenue-and-expenditure-during-the-same-period-in-2019-20-stood-at-61.4%-of-the-budgeted-target.

GST-collections-in-July-fell-to-₹-87,422-crore-from-₹-90,917-crore-in-June,-according-to-a-Finance-Ministry-statement.-However,-July-collections-are-higher-than-₹-62,009-crore-in-May-and-₹-32,294-crore-in-April.

India's-infrastructure-output-contracted-15%-in-June-from-a-year-earlier,-government-data-released-on-Friday-showed,-as-a-lockdown-in-response-to-COVID-19-weighed-on-economic-activities.-Infrastructure-output,-which-comprises-eight-sectors-including-coal,-crude-oil-and-electricity-and-accounts-for-nearly-40%-of-industrial-output,-contracted-24.6%-in-the-three-months-through-June---the-first-quarter-of-the-fiscal-year---from-a-year-earlier,-the-data-showed.

July-Auto-Sales:

Escorts-fell-2.98%.-The-tractor-maker-on-Saturday-(1-August)-said-it-sold-5,322-tractors,-registering-a-growth-of-9.5%-against-4,860-tractors-sold-in-July-2019.-Sequentially,-however,-tractor-sales-slumped-51%-as-against-10,851-units-sold-in-June-2020.

Hero-MotoCorp-declined-1.48%.-The-company-said-its-month-on-month-sales-growth-saw-rapid-recovery-for-the-third-consecutive-month-in-July-2020-since-operations-resumed.-Hero-MotoCorp-sold-514,509-units-of-motorcycles-and-scooters-in-July-2020,-registering-a-sequential-growth-of-14%-over-450,744-sold-in-June-2020.-Sales-fell-4%-in-July-2020-compared-with-535,810-units-sold-in-July-2019.-The-two-wheeler-manufacturer-said-sales-figures-reached-more-than-95%-of-wholesale-dispatch-numbers-of-the-corresponding-month-in-the-previous-year-(July-2019).-More-than-95%-of-Hero-MotoCorp-customer-touch-points-are-currently-operational.

Maruti-Suzuki-declined-1.45%.-The-car-major-reported-total-sales-of-108,064-units-in-July-2020,-up-88.2%-as-against-57,428-units-sold-in-June-2020.-Annually,-the-total-sales-have-fallen-1.1%-from-109,264-units-sold-in-July-2019.-While-total-domestic-sales-rose-1.3%-to-101,307-units,-total-exports-sales-have-fallen-27%-to-6,757-units-in-July-2020-over-July-2019.

Mahindra-&-Mahindra-(M&M)-declined-1.37%.-M&M's-total-tractor-sales-during-July-2020-were-at-25,402-units,-up-by-27%-from-19,992-units-sold-in-the-same-period-last-year.-It-reported-36%-decline-in-total-automobile-sales-to-25,678-units-in-July-2020-from-40,142-units-in-July-2019.-Sequentially,-the-total-auto-sales-have-jumped-32.6%-as-compared-to-19,358-units-sold-in-June-2020.

Bajaj-Auto-fell-2.84%.-The-auto-maker's-total-vehicle-sales-tanked-33%-to-2.55-lakh-units-in-July-2020-from-3.81-lakh-units-in-July-2019.-Total-two-wheeler-sales-declined-26%-to-2.38-lakh-units-in-July-2020-over-July-2019.-Total-commercial-vehicles-sales-slumped-71%-YoY-to-17,276-units-in-July-2020.-On-a-month-on-month-(M-o-M)-basis,-total-vehicles-sales-declined-8.27%-in-July-2020-from-2.78-lakh-units-in-June-2020.

TVS-Motor-Company-gained-2%.-The-two-wheeler-manufacturer-registered-a-sales-growth-of-27%-in-July-2020-at-252,744-units-compared-with-198,387-units-in-June-2020.-The-total-sales-are,-however,-lower-by-9.6%-compared-with-2,79,465-units-sold-in-July-2019.

Ashok-Leyland-was-up-1.03%.-The-commercial-vehicles-maker-reported-a-56%-decline-in-total-sales-at-4,775-units-for-July-2020-as-against-10,926-units-in-the-same-month-last-year.-On-a-month-on-month-(M-o-M)-basis,-total-sales-surged-123.96%-in-July-2020-from-2,132-units-in-June-2020.-Sales-for-its-medium-and-heavy-commercial-vehicles-(M&HCV)-dropped-75%-at-1,705-units-in-July-2020-as-against-6,721-units-in-the-year-ago-period,-the-company-said-in-a-filing.-Light-commercial-vehicles-(LCV)-sales-tanked-27%-at-3,070-units-as-against-4,205-units-in-July-last-year.

Earnings-Impact:

Tata-Motors-surged-8.6%.-The-auto-major-reported-a-consolidated-net-loss-of-₹-8438-crore-in-Q1-June-2020,-higher-than-net-loss-of-₹-3,698.34-crore-in-Q1-June-2019.-Net-sales-in-Q1-June-2020-stood-at-₹-31,481.86-crore,-falling-48%-from-₹-60,830.16-posted-in-Q1-June-2019.-The-auto-maker-said-that-the-nationwide-lockdown-resulted-in-the-production-and-retailer-shutdowns-for-major-part-of-the-quarter-and-heavily-impacted-the-volumes.-Negative-operating-leverage-impacted-the-performance-significantly.

Bank-of-India-rose-1.49%-after-the-bank's-net-profit-jumped-247.7%-to-₹-843.60-crore-in-Q1-FY21-from-₹-242.62-crore-in-Q1-FY20.-Total-income-during-the-quarter-rose-3.6%-on-a-year-on-year-(YoY)-basis-to-₹-11,941.52-crore-in-the-June-quarter.-The-bank's-provisions-and-contingencies-fell-20.9%-to-₹-1,512.07-crore-in-Q1-FY21-from-₹-1,911.98-crore-in-Q1FY20.-Of-this,-the-provision-for-non-performing-assets-declined-by-59.1%-YoY-to-₹-766.62-crore-in-the-June-quarter.-Provision-Coverage-Ratio-as-on-30-June-2020-was-at-84.87%-as-against-77.18%-as-on-30-June-2019.-

During-Q1-FY21,-Bank-of-India-made-an-additional-provision-of-₹-620.30-crore-on-account-of-Covid-related-accounts.-The-provision-of-₹-1034.78-crore-is-held-by-the-bank-on-Covid-related-accounts-as-on-30-June-2020.-This-additional-provision-made-by-the-bank-is-more-than-requirement-as-per-the-RBl-guideline-dated-17-April-2020.-Gross-non-performing-assets-(NPAs)-stood-at-₹-57,787.78-crore-as-on-30-June-2020-as-against-₹-61,549.93-crore-as-on-31-March-2020-and-₹-62,068.40-crore-as-on-30-June-2019.-The-ratio-of-gross-NPAs-to-gross-advances-stood-at-13.91%-as-on-30-June-2020-as-against-14.78%-as-on-31-March-2020-and-16.50%-as-on-30-June-2019.

UPL-lost-5.47%.-The-company's-consolidated-net-profit-surged-93.3%-to-₹-551-crore-in-Q1-June-2020-compared-with-₹-285-crore-in-Q1-June-2019.-Consolidated-revenue-from-operations-stood-at-₹-7833-crore-in-Q1-June-2020,-declining-1%-compared-with-₹-7906-crore-in-Q1-June-2019.-Consolidated-EBITDA-jumped-29%-year-on-year-to-₹-1,704-crore-in-Q1-June-2020-as-against-₹-1,319-crore-in-Q1-June-2019.-UPL-said-it-reported-robust-revenue-performance-almost-at-prior-year-level-and-EBITDA-margin-expansion-in-a-turbulent-environment-driven-by-COVID-19.

Tata-Chemicals-fell-2.52%-after-the-company-reported-a-67.2%-drop-in-consolidated-net-profit-to-₹-74.15-crore-in-Q1-June-2020-from-₹-226.33-crore-posted-in-Q1-June-2019.-Consolidated-net-sales-for-Q1-June-2020-stood-at-₹-2,348.16-crore,-falling-9%-from-₹-2584.03-crore-in-Q1-June-2019.-Tata-Chemicals-said-globally,-the-sales-volumes-of-soda-ash-declined-by-25%-with-sodium-bicarbonate-relatively-flat.-During-the-quarter,-the-export-market-in-the-US-witnessed-a-steep-drop-of-45%-as-compared-to-previous-year.-Demand-from-export-market-was-significantly-low-in-the-flat-glass-segment-across-the-globe.

Relaxo-Footwears-declined-0.76%.The-footwear-maker-reported-51%-decline-in-net-profit-to-₹-24-crore-in-Q1-June-2020-from-₹-50-crore-in-Q1-June-2019.-Revenue-from-operations-declined-44%-on-year-n-year-(YoY)-basis-to-₹-364-crore-during-the-quarter.-The-revenue-was-adversely-affected-due-to-complete-nationwide-lockdown-till-first-week-of-May-and-significant-disturbances-during-remaining-period-along-with-slowdown-of-economic-activities.-EBITDA-fell-46%-to-₹-57-crore-during-the-period-under-review.-EBITDA-margin-stood-at-15.7%-in-Q1-FY21-as-against-16.4%-in-Q1-FY20.

CreditAccess-Grameen-rose-2%.-The-microfinance-player-reported-24.9%-drop-in-consolidated-net-profit-to-₹-72-crore-on-64.6%-rise-in-total-income-to-₹-619.87-crore-in-Q1-June-2020-over-Q1-June-2019.-Net-Interest-Income-(NII)-jumped-55.2%-to-₹-383.2-crore-in-Q1-FY21-from-₹-246.9-crore-crore-in-Q1-FY20.-Net-Interest-Margin-(NIM)-stood-at-12.6%-as-on-30-June-2020.-Gross-loan-portfolio-grew-by-53.9%-YoY-to-₹-11,724-crore-in-Q1-FY21.-The-microfinance-institution's-total-expected-credit-loss-(ECL)-provisions-were-at-₹-476.8-crore-(4.21%-of-loan-portfolio).-This-includes-additional-provisions-of-₹-152.5-crore-during-the-quarter,-on-account-of-COVID-19-impact.-The-total-COVID-19-additional-provisioning-buffer-was-at-₹-245.6-crore-(2.17%-of-loan-portfolio).-The-ratio-of-gross-NPAs-to-gross-advances-stood-at-1.63%-as-on-30-June-2020.

Global-Markets:

European-markets-were-trading-with-mild-gains-while-Asian-shares-closed-mixed-on-Monday-as-US-lawmakers-struggled-to-hammer-out-a-new-stimulus-plan-and-a-global-surge-of-new-coronavirus-cases-showed-no-sign-of-abating.

A-private-survey-released-Monday-showed-China's-manufacturing-activity-expanded-in-July.-The-Caixin/Markit-manufacturing-Purchasing-Manager's-Index-came-in-at-52.8-for-July-as-compared-to-51.2-for-June.

Japan's-economy-shrank-an-annualised-2.2%-in-January-March,-unchanged-after-a-second-revision,-data-from-the-Cabinet-Office-showed-on-Monday.-On-a-quarter-on-quarter-basis-GDP-shrank-0.6%,-unchanged-from-the-second-preliminary-reading.

South-Korea's-manufacturing-activity-shrank-at-a-much-slower-pace-in-July,-signalling-that-a-gradual-recovery-in-demand-is-gaining-momentum-on-easing-lockdowns,-although-the-resurgence-in-infections-remained-a-risk.-The-IHS-Markit-purchasing-managers'-index-(PMI)-rose-to-46.9-in-July-from-43.4-in-June,-marking-the-highest-reading-since-January.-But-that-was-still-below-the-50-threshold-that-separates-growth-from-contraction.

On-Friday,-Fitch-Ratings-cut-the-outlook-on-the-United-States'-triple-A-rating-to-negative-from-stable,-citing-eroding-credit-strength-and-a-ballooning-deficit.-The-credit-rating-agency-also-said-the-future-direction-of-U.S.-fiscal-policy-depends-in-part-on-the-November-election-and-the-resulting-makeup-of-Congress,-cautioning-there-is-a-risk-policy-gridlock-could-continue.

In-US,-stocks-wiped-out-earlier-losses-and-closed-higher-on-Friday-as-the-biggest-tech-companies-and-market-leaders-soared-after-posting-stellar-quarterly-results.-Inspired-by-blowout-earnings-from-tech-heavyweights-Apple,-Amazon,-Facebook-and-Google-parent-Alphabet,-stocks-rallied-at-the-open,-slipped-into-mostly-negative-territory-during-the-session,-and-then-recovered-in-the-final-hour.

Powered-by-Capital-Market---Live-News

Key-domestic-benchmarks-ended-with-steep-losses-on-Monday,-extending-their-losing-streak-to-fourth-consecutive-trading-session.-Selling-pressure-in-banks-and-financial-stocks-dragged-indices-lower.-

As-per-the-provisional-closing-data,-the-barometer-index,-the-S&P-BSE-Sensex-slumped-667.29-points-or-1.77%-at-36,939.56.-The-Nifty-50-index-lost-176.70-points-or-1.6%-at-10,896.75.

Index-heavyweights-RIL-(down-2.85%),-HDFC-Bank-(down-2.63%)-and-TCS-(down-1.48%)-were-major-drags.-

Weak-domestic-economic-data-and-negative-global-cues-weighed-on-sentiment.-A-surge-in-fresh-coronavirus-cases-and-intensifying-US-China-tensions-also-put-pressure-on-stocks.

The-broader-market-finished-on-a-mixed-note.-The-S&P-BSE-Mid-Cap-index-declined-0.24%-while-the-S&P-BSE-Small-Cap-index-advanced-1.14%.

The-market-breadth-was-positive.-On-the-BSE,-1346-shares-rose-and-1215-shares-fell.-A-total-of-183-shares-were-unchanged.

COVID-19-Update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-18,093,891-with-689,428-deaths.-India-reported-5,79,357-active-cases-of-COVID-19-infection-and-38,135-deaths-while-11,86,203-patients-have-been-discharged,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Economy:

The-seasonally-adjusted-IHS-Markit-India-Manufacturing-PMI-fell-to-46-in-July,-from-47.2-in-June,-and-pointed-to-a-marked-deterioration-in-business-conditions-across-the-Indian-manufacturing-sector.

Commenting-on-the-latest-survey-results,-Eliot-Kerr,-Economist-at-IHS-Markit,-said:-Latest-PMI-data-from-Indian-manufacturers-shed-more-light-on-the-state-of-economic-conditions-in-one-of-the-countries-worst-affected-by-the-COVID-19-pandemic.-The-survey-results-showed-a-re-acceleration-of-declines-in-the-key-indices-of-output-and-new-orders,-undermining-the-trend-towards-stabilisation-seen-over-the-past-two-months.-Anecdotal-evidence-indicated-that-firms-were-struggling-to-obtain-work,-with-some-of-their-clients-remaining-in-lockdown,-suggesting-that-we-won't-see-a-pick-up-in-activity-until-infection-rates-are-quelled-and-restrictions-can-be-further-removed.However,-on-a-more-positive-note,-firms-remained-optimistic,-with-confidence-towards-future-activity-continuing-to-strengthen-during-July.

India's-fiscal-deficit-reached-₹-6.62-lakh-crore,-or-83.2%-of-the-budgeted-estimate-in-the-quarter-ended-June.-The-gap-between-the-revenue-and-expenditure-during-the-same-period-in-2019-20-stood-at-61.4%-of-the-budgeted-target.

GST-collections-in-July-fell-to-₹-87,422-crore-from-₹-90,917-crore-in-June,-according-to-a-Finance-Ministry-statement.-However,-July-collections-are-higher-than-₹-62,009-crore-in-May-and-₹-32,294-crore-in-April.

India's-infrastructure-output-contracted-15%-in-June-from-a-year-earlier,-government-data-released-on-Friday-showed,-as-a-lockdown-in-response-to-COVID-19-weighed-on-economic-activities.-Infrastructure-output,-which-comprises-eight-sectors-including-coal,-crude-oil-and-electricity-and-accounts-for-nearly-40%-of-industrial-output,-contracted-24.6%-in-the-three-months-through-June---the-first-quarter-of-the-fiscal-year---from-a-year-earlier,-the-data-showed.

July-Auto-Sales:

Escorts-fell-2.98%.-The-tractor-maker-on-Saturday-(1-August)-said-it-sold-5,322-tractors,-registering-a-growth-of-9.5%-against-4,860-tractors-sold-in-July-2019.-Sequentially,-however,-tractor-sales-slumped-51%-as-against-10,851-units-sold-in-June-2020.

Hero-MotoCorp-declined-1.48%.-The-company-said-its-month-on-month-sales-growth-saw-rapid-recovery-for-the-third-consecutive-month-in-July-2020-since-operations-resumed.-Hero-MotoCorp-sold-514,509-units-of-motorcycles-and-scooters-in-July-2020,-registering-a-sequential-growth-of-14%-over-450,744-sold-in-June-2020.-Sales-fell-4%-in-July-2020-compared-with-535,810-units-sold-in-July-2019.-The-two-wheeler-manufacturer-said-sales-figures-reached-more-than-95%-of-wholesale-dispatch-numbers-of-the-corresponding-month-in-the-previous-year-(July-2019).-More-than-95%-of-Hero-MotoCorp-customer-touch-points-are-currently-operational.

Maruti-Suzuki-declined-1.45%.-The-car-major-reported-total-sales-of-108,064-units-in-July-2020,-up-88.2%-as-against-57,428-units-sold-in-June-2020.-Annually,-the-total-sales-have-fallen-1.1%-from-109,264-units-sold-in-July-2019.-While-total-domestic-sales-rose-1.3%-to-101,307-units,-total-exports-sales-have-fallen-27%-to-6,757-units-in-July-2020-over-July-2019.

Mahindra-&-Mahindra-(M&M)-declined-1.37%.-M&M's-total-tractor-sales-during-July-2020-were-at-25,402-units,-up-by-27%-from-19,992-units-sold-in-the-same-period-last-year.-It-reported-36%-decline-in-total-automobile-sales-to-25,678-units-in-July-2020-from-40,142-units-in-July-2019.-Sequentially,-the-total-auto-sales-have-jumped-32.6%-as-compared-to-19,358-units-sold-in-June-2020.

Bajaj-Auto-fell-2.84%.-The-auto-maker's-total-vehicle-sales-tanked-33%-to-2.55-lakh-units-in-July-2020-from-3.81-lakh-units-in-July-2019.-Total-two-wheeler-sales-declined-26%-to-2.38-lakh-units-in-July-2020-over-July-2019.-Total-commercial-vehicles-sales-slumped-71%-YoY-to-17,276-units-in-July-2020.-On-a-month-on-month-(M-o-M)-basis,-total-vehicles-sales-declined-8.27%-in-July-2020-from-2.78-lakh-units-in-June-2020.

TVS-Motor-Company-gained-2%.-The-two-wheeler-manufacturer-registered-a-sales-growth-of-27%-in-July-2020-at-252,744-units-compared-with-198,387-units-in-June-2020.-The-total-sales-are,-however,-lower-by-9.6%-compared-with-2,79,465-units-sold-in-July-2019.

Ashok-Leyland-was-up-1.03%.-The-commercial-vehicles-maker-reported-a-56%-decline-in-total-sales-at-4,775-units-for-July-2020-as-against-10,926-units-in-the-same-month-last-year.-On-a-month-on-month-(M-o-M)-basis,-total-sales-surged-123.96%-in-July-2020-from-2,132-units-in-June-2020.-Sales-for-its-medium-and-heavy-commercial-vehicles-(M&HCV)-dropped-75%-at-1,705-units-in-July-2020-as-against-6,721-units-in-the-year-ago-period,-the-company-said-in-a-filing.-Light-commercial-vehicles-(LCV)-sales-tanked-27%-at-3,070-units-as-against-4,205-units-in-July-last-year.

Earnings-Impact:

Tata-Motors-surged-8.6%.-The-auto-major-reported-a-consolidated-net-loss-of-₹-8438-crore-in-Q1-June-2020,-higher-than-net-loss-of-₹-3,698.34-crore-in-Q1-June-2019.-Net-sales-in-Q1-June-2020-stood-at-₹-31,481.86-crore,-falling-48%-from-₹-60,830.16-posted-in-Q1-June-2019.-The-auto-maker-said-that-the-nationwide-lockdown-resulted-in-the-production-and-retailer-shutdowns-for-major-part-of-the-quarter-and-heavily-impacted-the-volumes.-Negative-operating-leverage-impacted-the-performance-significantly.

Bank-of-India-rose-1.49%-after-the-bank's-net-profit-jumped-247.7%-to-₹-843.60-crore-in-Q1-FY21-from-₹-242.62-crore-in-Q1-FY20.-Total-income-during-the-quarter-rose-3.6%-on-a-year-on-year-(YoY)-basis-to-₹-11,941.52-crore-in-the-June-quarter.-The-bank's-provisions-and-contingencies-fell-20.9%-to-₹-1,512.07-crore-in-Q1-FY21-from-₹-1,911.98-crore-in-Q1FY20.-Of-this,-the-provision-for-non-performing-assets-declined-by-59.1%-YoY-to-₹-766.62-crore-in-the-June-quarter.-Provision-Coverage-Ratio-as-on-30-June-2020-was-at-84.87%-as-against-77.18%-as-on-30-June-2019.-

During-Q1-FY21,-Bank-of-India-made-an-additional-provision-of-₹-620.30-crore-on-account-of-Covid-related-accounts.-The-provision-of-₹-1034.78-crore-is-held-by-the-bank-on-Covid-related-accounts-as-on-30-June-2020.-This-additional-provision-made-by-the-bank-is-more-than-requirement-as-per-the-RBl-guideline-dated-17-April-2020.-Gross-non-performing-assets-(NPAs)-stood-at-₹-57,787.78-crore-as-on-30-June-2020-as-against-₹-61,549.93-crore-as-on-31-March-2020-and-₹-62,068.40-crore-as-on-30-June-2019.-The-ratio-of-gross-NPAs-to-gross-advances-stood-at-13.91%-as-on-30-June-2020-as-against-14.78%-as-on-31-March-2020-and-16.50%-as-on-30-June-2019.

UPL-lost-5.47%.-The-company's-consolidated-net-profit-surged-93.3%-to-₹-551-crore-in-Q1-June-2020-compared-with-₹-285-crore-in-Q1-June-2019.-Consolidated-revenue-from-operations-stood-at-₹-7833-crore-in-Q1-June-2020,-declining-1%-compared-with-₹-7906-crore-in-Q1-June-2019.-Consolidated-EBITDA-jumped-29%-year-on-year-to-₹-1,704-crore-in-Q1-June-2020-as-against-₹-1,319-crore-in-Q1-June-2019.-UPL-said-it-reported-robust-revenue-performance-almost-at-prior-year-level-and-EBITDA-margin-expansion-in-a-turbulent-environment-driven-by-COVID-19.

Tata-Chemicals-fell-2.52%-after-the-company-reported-a-67.2%-drop-in-consolidated-net-profit-to-₹-74.15-crore-in-Q1-June-2020-from-₹-226.33-crore-posted-in-Q1-June-2019.-Consolidated-net-sales-for-Q1-June-2020-stood-at-₹-2,348.16-crore,-falling-9%-from-₹-2584.03-crore-in-Q1-June-2019.-Tata-Chemicals-said-globally,-the-sales-volumes-of-soda-ash-declined-by-25%-with-sodium-bicarbonate-relatively-flat.-During-the-quarter,-the-export-market-in-the-US-witnessed-a-steep-drop-of-45%-as-compared-to-previous-year.-Demand-from-export-market-was-significantly-low-in-the-flat-glass-segment-across-the-globe.

Relaxo-Footwears-declined-0.76%.The-footwear-maker-reported-51%-decline-in-net-profit-to-₹-24-crore-in-Q1-June-2020-from-₹-50-crore-in-Q1-June-2019.-Revenue-from-operations-declined-44%-on-year-n-year-(YoY)-basis-to-₹-364-crore-during-the-quarter.-The-revenue-was-adversely-affected-due-to-complete-nationwide-lockdown-till-first-week-of-May-and-significant-disturbances-during-remaining-period-along-with-slowdown-of-economic-activities.-EBITDA-fell-46%-to-₹-57-crore-during-the-period-under-review.-EBITDA-margin-stood-at-15.7%-in-Q1-FY21-as-against-16.4%-in-Q1-FY20.

CreditAccess-Grameen-rose-2%.-The-microfinance-player-reported-24.9%-drop-in-consolidated-net-profit-to-₹-72-crore-on-64.6%-rise-in-total-income-to-₹-619.87-crore-in-Q1-June-2020-over-Q1-June-2019.-Net-Interest-Income-(NII)-jumped-55.2%-to-₹-383.2-crore-in-Q1-FY21-from-₹-246.9-crore-crore-in-Q1-FY20.-Net-Interest-Margin-(NIM)-stood-at-12.6%-as-on-30-June-2020.-Gross-loan-portfolio-grew-by-53.9%-YoY-to-₹-11,724-crore-in-Q1-FY21.-The-microfinance-institution's-total-expected-credit-loss-(ECL)-provisions-were-at-₹-476.8-crore-(4.21%-of-loan-portfolio).-This-includes-additional-provisions-of-₹-152.5-crore-during-the-quarter,-on-account-of-COVID-19-impact.-The-total-COVID-19-additional-provisioning-buffer-was-at-₹-245.6-crore-(2.17%-of-loan-portfolio).-The-ratio-of-gross-NPAs-to-gross-advances-stood-at-1.63%-as-on-30-June-2020.

Global-Markets:

European-markets-were-trading-with-mild-gains-while-Asian-shares-closed-mixed-on-Monday-as-US-lawmakers-struggled-to-hammer-out-a-new-stimulus-plan-and-a-global-surge-of-new-coronavirus-cases-showed-no-sign-of-abating.

A-private-survey-released-Monday-showed-China's-manufacturing-activity-expanded-in-July.-The-Caixin/Markit-manufacturing-Purchasing-Manager's-Index-came-in-at-52.8-for-July-as-compared-to-51.2-for-June.

Japan's-economy-shrank-an-annualised-2.2%-in-January-March,-unchanged-after-a-second-revision,-data-from-the-Cabinet-Office-showed-on-Monday.-On-a-quarter-on-quarter-basis-GDP-shrank-0.6%,-unchanged-from-the-second-preliminary-reading.

South-Korea's-manufacturing-activity-shrank-at-a-much-slower-pace-in-July,-signalling-that-a-gradual-recovery-in-demand-is-gaining-momentum-on-easing-lockdowns,-although-the-resurgence-in-infections-remained-a-risk.-The-IHS-Markit-purchasing-managers'-index-(PMI)-rose-to-46.9-in-July-from-43.4-in-June,-marking-the-highest-reading-since-January.-But-that-was-still-below-the-50-threshold-that-separates-growth-from-contraction.

On-Friday,-Fitch-Ratings-cut-the-outlook-on-the-United-States'-triple-A-rating-to-negative-from-stable,-citing-eroding-credit-strength-and-a-ballooning-deficit.-The-credit-rating-agency-also-said-the-future-direction-of-U.S.-fiscal-policy-depends-in-part-on-the-November-election-and-the-resulting-makeup-of-Congress,-cautioning-there-is-a-risk-policy-gridlock-could-continue.

In-US,-stocks-wiped-out-earlier-losses-and-closed-higher-on-Friday-as-the-biggest-tech-companies-and-market-leaders-soared-after-posting-stellar-quarterly-results.-Inspired-by-blowout-earnings-from-tech-heavyweights-Apple,-Amazon,-Facebook-and-Google-parent-Alphabet,-stocks-rallied-at-the-open,-slipped-into-mostly-negative-territory-during-the-session,-and-then-recovered-in-the-final-hour.

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