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Sensex, Nifty end flat after volatile session
(15:30, 05 Aug 2020)

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Benchmark-indices-ended-a-volatile-session-with-tiny-losses-on-Wednesday.-Weak-domestic-macroeconomic-data-spoiled-investors-sentiment.-Investors-were-also-cautious-ahead-of-the-outcome-of-the-RBI's-monetary-policy-meeting-on-Thursday,-6-August-2020.

As-per-the-provisional-closing-data,-the-barometer-index,-the-S&P-BSE-Sensex-fell-24.58-points-or-0.07%-at-37,663.56.-The-Nifty-50-index-as-up-21.2-points-or-0.19%-at-11,116.70.

The-broader-market-ended-higher.-The-S&P-BSE-Mid-Cap-index-gained-0.39%-while-the-S&P-BSE-Small-Cap-index-advanced-0.85%.

The-market-breadth-was-strong.-On-the-BSE,-1631-shares-rose-and-1007-shares-fell.-A-total-of-156-shares-were-unchanged.

The-Reserve-Bank-of-India's-three-day-monetary-policy-meeting-commenced-on-4-August-2020.-RBI-will-announce-its-policy-stance-on-Thursday,-6-August-2020.-Investors-will-keep-an-eye-on-whether-RBI-extends-moratorium-beyond-August-2020.

Foreign-portfolio-investors-(FPIs)-bought-shares-worth-₹-703.74-crore,-while-domestic-institutional-investors-(DIIs),-were-net-sellers-to-the-tune-of-₹-665.69-crore-in-the-Indian-equity-market-on-4-August,-provisional-data-showed.

COVID-19-Update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-18,480,000-with-700,647-deaths.-India-reported-5,86,244-active-cases-of-COVID-19-infection-and-39,795-deaths-while-12,82,215-patients-have-been-discharged,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Economy:

The-IHS-Markit-India-Services-Business-Activity-Index-registered-34.2-in-July,-and-despite-rising-slightly-from-33.7-in-June,-signalled-a-further-rapid-reduction-in-service-sector-output.-Moreover,-the-latest-reading-was-among-the-lowest-recorded-in-nearly-15-years-of-data-collection,-surpassed-only-by-the-unprecedented-falls-in-the-previous-three-months.-With-overall-demand-conditions-severely-muted,-service-providers-made-further-job-cuts-in-July

The-Composite-PMI-Output-Index,-which-measures-combined-services-and-manufacturing-output,-signalled-a-further-rapid-contraction-in-private-sector-business-activity-in-July.-Falling-from-37.8-in-June-2020-to-37.2-in-July-2020.

Stocks-in-Spotlight:

Axis-Bank-rose-1.38%-after-the-private-lender-on-Tuesday-launched-its-qualified-institutional-placement-with-a-floor-price-of-₹-442.19-per-share.-The-bank-is-reportedly-targeting-a-base-deal-size-of-₹-8,000-crore,-with-an-option-to-up-size-the-deal-by-₹-2,000-crore.-A-committee-of-board-will-consider-the-issue-price-at-its-meeting-on-Monday,-10-August-2020.

Yes-Bank-hit-an-upper-circuit-of-5%-at-₹-12.83-after-Life-Insurance-Corporation-of-India-(LIC)-increased-its-stake-in-the-bank-to-4.989%-from-0.759%-earlier.-In-a-regulatory-filing-made-after-trading-hours-on-Tuesday,-Yes-Bank-said-that-LIC-acquired-105.98-crore-shares-of-the-bank-(equivalent-to-4.23%-stake)-via-open-market-purchase.

SRF-was-up-0.15%.-The-company-said-its-European-subsidiary-commissioned-a-BOPET-film-line-in-Hungary-on-3-August-2020.-The-cost-of-the-said-project-is-approximate-80-million-euros,-the-company-said-in-a-BSE-filing-made-after-trading-hours-yesterday.-The-project-was-approved-by-the-company's-board-on-7-February-2018.

Tata-Consumer-Products-was-down-0.21%.-The-company-reported-an-82%-jump-in-consolidated-net-profit-to-₹-346-crore-on-13%-rise-in-revenue-to-₹-2,714-crore-in-Q1-FY21-over-Q1-FY20.-EBITDA-increased-by-37%-to-₹-486-crore-in-the-June-quarter-(from-₹-354-crore-reported-in-the-corresponding-period-last-year)-as-a-result-of-higher-sales,-gross-margin-improvement-and-rationalization-of-discretionary-expenditure.-EBITDA-margin-stood-at-17.9%-as-on-30-June-2020-as-against-14.8%-as-on-30-June-2019.-The-company-recorded-an-exceptional-income-of-₹-63-crore-during-the-quarter.-Exceptional-item-for-the-current-quarter-represent-gain-of-₹-84-crore-on-conversion-of-a-joint-venture-into-a-subsidiary-and-costs-relating-to-the-business-integration-of-foods-business-₹-21-crore,-the-company-said.

Sun-Pharma-Advanced-Research-Company-(SPARC)-jumped-7.33%-after-the-company-reported-a-net-profit-of-₹-56.69-crore-in-Q1-FY21-as-compared-to-a-net-loss-of-₹-94.19-crore-in-Q1-FY20.-SPARC-has-returned-to-profitability-after-reporting-losses-in-the-past-eight-quarters.-Net-sales-in-the-June-quarter-surged-to-₹-185.45-crore-from-₹-17.32-crore-reported-in-the-same-period-last-year.

Godrej-Properties-shed-2.78%-after-the-company-reported-consolidated-net-loss-of-₹-20.23-crore-in-Q1-June-2020-compared-with-net-profit-of-₹-90-crore-in-Q1-June-2019.-Consolidated-net-sales-slumped-88.63%-to-₹-72.29-crore-in-Q1-June-2020-over-₹-635.88-crore-in-Q1-June-2019.-Pre-tax-loss-stood-at-₹-14.69-crore-in-Q1-June-2020-as-compared-to-a-pre-tax-profit-of-₹-140.13-crore-in-Q1-June-2019.-EBITDA-stood-at-₹-40-crore-as-compared-to-₹-195-crore,-registering-a-79.48%-Y-o-Y-(year-on-year)-drop.-

Cadila-Healthcare-declined-1.77%.-The-company's-net-profit-surged-49.53%-to-₹-454-crore-on-4.20%-rise-in-revenue-from-operations-to-₹-3,549.30-crore-in-Q1-June-2020-over-Q1-June-2019.-EBIDTA-for-the-quarter-stood-at-₹-815-crore.-EBIDTA-margin-was-at-22.4%,-registering-an-improvement-of-360-basis-points-over-the-corresponding-quarter-of-the-previous-financial-year.-

Gujarat-Gas-was-down-0.32%.-The-consolidated-net-profit-slumped-74.8%-to-₹-59.07-crore-on-58.6%-drop-in-net-sales-to-₹-1,082.92-crore-in-Q1-June-2020-over-Q1-June-2019.-Gujarat-Gas'-total-gas-sales-volume-for-the-quarter-was-at-4.14-million-metric-standard-cubic-meters-per-day-(MMSCMD).-During-the-quarter,-company-commercialised-13-new-CNG-stations.-

PI-Industries-surged-3.28%-after-consolidated-net-profit-jumped-43.2%-to-₹-145.50-crore-on-40.60%-rise-in-net-sales-to-₹-1,060.10-crore-in-Q1-June-2020-over-Q1-June-2019.-EBITDA-surged-55%-to-₹-236-crore-in-Q1-FY21-as-against-₹-153-crore-in-Q1-FY20.-EBITDA-margin-improved-to-22%-in-Q1-FY21-as-compared-to-20%-in-Q1-FY20.-Exports-sales-grew-23%-to-₹-614-crore-in-Q1-June-2020-as-against-₹-501-crore-in-Q1-June-2019-driven-mainly-by-proactive-raw-material-inventory-management-and-capacity-planning.-Demand-for-key-commercialised-molecules-remained-strong.-Shipments-have-also-gained-momentum.-Domestic-sales-surged-76%-to-₹-446-crore-in-Q1-FY21-as-compared-to-₹-253-crore-in-Q1-FY20-contributed-by-carryover-demand-from-Q4-FY2020,-Isagro-brand-sales-and-robust-momentum-in-the-domestic-segment-on-planned-brand-positioning-to-avail-advantage-of-early-sowing.

Astral-Poly-Technik-was-up-0.54%.-On-a-consolidated-basis,-the-company's-net-profit-tanked-57.5%-to-₹-20.30-crore-on-33.4%-decline-in-net-sales-to-₹-403.90-crore-in-Q1-June-2020-over-Q1-June-2019.-Consolidated-EBITDA-dropped-42.62%-to-₹-57.20-crore-in-Q1-FY21-as-against-₹-99.70-crore-in-Q1-FY20.-EBITDA-margin-stood-at-14.16%-in-Q1-FY21-lower-than-16.44%-in-Q1-FY20.-The-pipe-business-segment-reported-33.01%-decline-in-revenue-from-operations-to-₹-316.50-crore-in-Q1-June-2020-over-Q1-June-2019.-The-adhesive-vertical-posted-36.92%-fall-in-revenue-from-operations-to-₹-91.20-crore-in-Q1-June-2020-over-Q1-June-2019.

Global-Markets:

The-Dow-Jones-30-Futures-were-up-189-points,-indicating-a-strong-start-in-US-markets-today.

European-markets-traded-with-decent-gains-while-Asian-markets-closed-higher-on-Wednesday.-Growth-in-China's-services-sector-slowed-in-July-from-a-decade-high-the-previous-month.-The-Caixin/Markit-services-Purchasing-Managers'-Index-(PMI)-fell-to-54.1-from-June's-58.4,-which-was-the-highest-reading-since-April-2010.-The-50-mark-separates-growth-from-contraction-on-a-monthly-basis.

US-stock-market-ended-higher-after-a-choppy-session-on-Tuesday,-lifted-by-Apple-and-energy-stocks-but-limited-by-declines-in-AIG-and-Microsoft.

White-House-negotiators-late-Tuesday-vowed-to-work-around-the-clock-to-reach-a-spending-deal-by-the-end-of-the-week,-but-the-Treasury-Secretary-warned-they-were-not-going-anywhere-close-to-the-$3.4-trillion-Democratic-leaders-sought.

Meanwhile,-senior-U.S.-and-Chinese-officials-will-reportedly-review-the-implementation-of-their-Phase-1-trade-deal-and-likely-air-mutual-grievances-in-an-increasingly-tense-relationship-during-an-August-15-videoconference.-U.S.-Trade-Representative-Robert-Lighthizer-and-Chinese-Vice-Premier-Liu-He,-the-principal-negotiators-for-the-two-countries,-will-participate-in-the-meeting,-an-initial-six-month-review-of-the-pact-activated-on-February-15.

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Benchmark-indices-ended-a-volatile-session-with-tiny-losses-on-Wednesday.-Weak-domestic-macroeconomic-data-spoiled-investors-sentiment.-Investors-were-also-cautious-ahead-of-the-outcome-of-the-RBI's-monetary-policy-meeting-on-Thursday,-6-August-2020.

As-per-the-provisional-closing-data,-the-barometer-index,-the-S&P-BSE-Sensex-fell-24.58-points-or-0.07%-at-37,663.56.-The-Nifty-50-index-as-up-21.2-points-or-0.19%-at-11,116.70.

The-broader-market-ended-higher.-The-S&P-BSE-Mid-Cap-index-gained-0.39%-while-the-S&P-BSE-Small-Cap-index-advanced-0.85%.

The-market-breadth-was-strong.-On-the-BSE,-1631-shares-rose-and-1007-shares-fell.-A-total-of-156-shares-were-unchanged.

The-Reserve-Bank-of-India's-three-day-monetary-policy-meeting-commenced-on-4-August-2020.-RBI-will-announce-its-policy-stance-on-Thursday,-6-August-2020.-Investors-will-keep-an-eye-on-whether-RBI-extends-moratorium-beyond-August-2020.

Foreign-portfolio-investors-(FPIs)-bought-shares-worth-₹-703.74-crore,-while-domestic-institutional-investors-(DIIs),-were-net-sellers-to-the-tune-of-₹-665.69-crore-in-the-Indian-equity-market-on-4-August,-provisional-data-showed.

COVID-19-Update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-18,480,000-with-700,647-deaths.-India-reported-5,86,244-active-cases-of-COVID-19-infection-and-39,795-deaths-while-12,82,215-patients-have-been-discharged,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Economy:

The-IHS-Markit-India-Services-Business-Activity-Index-registered-34.2-in-July,-and-despite-rising-slightly-from-33.7-in-June,-signalled-a-further-rapid-reduction-in-service-sector-output.-Moreover,-the-latest-reading-was-among-the-lowest-recorded-in-nearly-15-years-of-data-collection,-surpassed-only-by-the-unprecedented-falls-in-the-previous-three-months.-With-overall-demand-conditions-severely-muted,-service-providers-made-further-job-cuts-in-July

The-Composite-PMI-Output-Index,-which-measures-combined-services-and-manufacturing-output,-signalled-a-further-rapid-contraction-in-private-sector-business-activity-in-July.-Falling-from-37.8-in-June-2020-to-37.2-in-July-2020.

Stocks-in-Spotlight:

Axis-Bank-rose-1.38%-after-the-private-lender-on-Tuesday-launched-its-qualified-institutional-placement-with-a-floor-price-of-₹-442.19-per-share.-The-bank-is-reportedly-targeting-a-base-deal-size-of-₹-8,000-crore,-with-an-option-to-up-size-the-deal-by-₹-2,000-crore.-A-committee-of-board-will-consider-the-issue-price-at-its-meeting-on-Monday,-10-August-2020.

Yes-Bank-hit-an-upper-circuit-of-5%-at-₹-12.83-after-Life-Insurance-Corporation-of-India-(LIC)-increased-its-stake-in-the-bank-to-4.989%-from-0.759%-earlier.-In-a-regulatory-filing-made-after-trading-hours-on-Tuesday,-Yes-Bank-said-that-LIC-acquired-105.98-crore-shares-of-the-bank-(equivalent-to-4.23%-stake)-via-open-market-purchase.

SRF-was-up-0.15%.-The-company-said-its-European-subsidiary-commissioned-a-BOPET-film-line-in-Hungary-on-3-August-2020.-The-cost-of-the-said-project-is-approximate-80-million-euros,-the-company-said-in-a-BSE-filing-made-after-trading-hours-yesterday.-The-project-was-approved-by-the-company's-board-on-7-February-2018.

Tata-Consumer-Products-was-down-0.21%.-The-company-reported-an-82%-jump-in-consolidated-net-profit-to-₹-346-crore-on-13%-rise-in-revenue-to-₹-2,714-crore-in-Q1-FY21-over-Q1-FY20.-EBITDA-increased-by-37%-to-₹-486-crore-in-the-June-quarter-(from-₹-354-crore-reported-in-the-corresponding-period-last-year)-as-a-result-of-higher-sales,-gross-margin-improvement-and-rationalization-of-discretionary-expenditure.-EBITDA-margin-stood-at-17.9%-as-on-30-June-2020-as-against-14.8%-as-on-30-June-2019.-The-company-recorded-an-exceptional-income-of-₹-63-crore-during-the-quarter.-Exceptional-item-for-the-current-quarter-represent-gain-of-₹-84-crore-on-conversion-of-a-joint-venture-into-a-subsidiary-and-costs-relating-to-the-business-integration-of-foods-business-₹-21-crore,-the-company-said.

Sun-Pharma-Advanced-Research-Company-(SPARC)-jumped-7.33%-after-the-company-reported-a-net-profit-of-₹-56.69-crore-in-Q1-FY21-as-compared-to-a-net-loss-of-₹-94.19-crore-in-Q1-FY20.-SPARC-has-returned-to-profitability-after-reporting-losses-in-the-past-eight-quarters.-Net-sales-in-the-June-quarter-surged-to-₹-185.45-crore-from-₹-17.32-crore-reported-in-the-same-period-last-year.

Godrej-Properties-shed-2.78%-after-the-company-reported-consolidated-net-loss-of-₹-20.23-crore-in-Q1-June-2020-compared-with-net-profit-of-₹-90-crore-in-Q1-June-2019.-Consolidated-net-sales-slumped-88.63%-to-₹-72.29-crore-in-Q1-June-2020-over-₹-635.88-crore-in-Q1-June-2019.-Pre-tax-loss-stood-at-₹-14.69-crore-in-Q1-June-2020-as-compared-to-a-pre-tax-profit-of-₹-140.13-crore-in-Q1-June-2019.-EBITDA-stood-at-₹-40-crore-as-compared-to-₹-195-crore,-registering-a-79.48%-Y-o-Y-(year-on-year)-drop.-

Cadila-Healthcare-declined-1.77%.-The-company's-net-profit-surged-49.53%-to-₹-454-crore-on-4.20%-rise-in-revenue-from-operations-to-₹-3,549.30-crore-in-Q1-June-2020-over-Q1-June-2019.-EBIDTA-for-the-quarter-stood-at-₹-815-crore.-EBIDTA-margin-was-at-22.4%,-registering-an-improvement-of-360-basis-points-over-the-corresponding-quarter-of-the-previous-financial-year.-

Gujarat-Gas-was-down-0.32%.-The-consolidated-net-profit-slumped-74.8%-to-₹-59.07-crore-on-58.6%-drop-in-net-sales-to-₹-1,082.92-crore-in-Q1-June-2020-over-Q1-June-2019.-Gujarat-Gas'-total-gas-sales-volume-for-the-quarter-was-at-4.14-million-metric-standard-cubic-meters-per-day-(MMSCMD).-During-the-quarter,-company-commercialised-13-new-CNG-stations.-

PI-Industries-surged-3.28%-after-consolidated-net-profit-jumped-43.2%-to-₹-145.50-crore-on-40.60%-rise-in-net-sales-to-₹-1,060.10-crore-in-Q1-June-2020-over-Q1-June-2019.-EBITDA-surged-55%-to-₹-236-crore-in-Q1-FY21-as-against-₹-153-crore-in-Q1-FY20.-EBITDA-margin-improved-to-22%-in-Q1-FY21-as-compared-to-20%-in-Q1-FY20.-Exports-sales-grew-23%-to-₹-614-crore-in-Q1-June-2020-as-against-₹-501-crore-in-Q1-June-2019-driven-mainly-by-proactive-raw-material-inventory-management-and-capacity-planning.-Demand-for-key-commercialised-molecules-remained-strong.-Shipments-have-also-gained-momentum.-Domestic-sales-surged-76%-to-₹-446-crore-in-Q1-FY21-as-compared-to-₹-253-crore-in-Q1-FY20-contributed-by-carryover-demand-from-Q4-FY2020,-Isagro-brand-sales-and-robust-momentum-in-the-domestic-segment-on-planned-brand-positioning-to-avail-advantage-of-early-sowing.

Astral-Poly-Technik-was-up-0.54%.-On-a-consolidated-basis,-the-company's-net-profit-tanked-57.5%-to-₹-20.30-crore-on-33.4%-decline-in-net-sales-to-₹-403.90-crore-in-Q1-June-2020-over-Q1-June-2019.-Consolidated-EBITDA-dropped-42.62%-to-₹-57.20-crore-in-Q1-FY21-as-against-₹-99.70-crore-in-Q1-FY20.-EBITDA-margin-stood-at-14.16%-in-Q1-FY21-lower-than-16.44%-in-Q1-FY20.-The-pipe-business-segment-reported-33.01%-decline-in-revenue-from-operations-to-₹-316.50-crore-in-Q1-June-2020-over-Q1-June-2019.-The-adhesive-vertical-posted-36.92%-fall-in-revenue-from-operations-to-₹-91.20-crore-in-Q1-June-2020-over-Q1-June-2019.

Global-Markets:

The-Dow-Jones-30-Futures-were-up-189-points,-indicating-a-strong-start-in-US-markets-today.

European-markets-traded-with-decent-gains-while-Asian-markets-closed-higher-on-Wednesday.-Growth-in-China's-services-sector-slowed-in-July-from-a-decade-high-the-previous-month.-The-Caixin/Markit-services-Purchasing-Managers'-Index-(PMI)-fell-to-54.1-from-June's-58.4,-which-was-the-highest-reading-since-April-2010.-The-50-mark-separates-growth-from-contraction-on-a-monthly-basis.

US-stock-market-ended-higher-after-a-choppy-session-on-Tuesday,-lifted-by-Apple-and-energy-stocks-but-limited-by-declines-in-AIG-and-Microsoft.

White-House-negotiators-late-Tuesday-vowed-to-work-around-the-clock-to-reach-a-spending-deal-by-the-end-of-the-week,-but-the-Treasury-Secretary-warned-they-were-not-going-anywhere-close-to-the-$3.4-trillion-Democratic-leaders-sought.

Meanwhile,-senior-U.S.-and-Chinese-officials-will-reportedly-review-the-implementation-of-their-Phase-1-trade-deal-and-likely-air-mutual-grievances-in-an-increasingly-tense-relationship-during-an-August-15-videoconference.-U.S.-Trade-Representative-Robert-Lighthizer-and-Chinese-Vice-Premier-Liu-He,-the-principal-negotiators-for-the-two-countries,-will-participate-in-the-meeting,-an-initial-six-month-review-of-the-pact-activated-on-February-15.

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