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Sensex, Nifty extend losses for 3rd day
(15:28, 31 Jul 2020)

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The-Sensex-and-the-Nifty-ended-with-minor-losses-on-Friday,-mirroring-negative-global-cues.-The-Nifty-closed-below-its-crucial-11,100-mark-after-hovering-around-that-level-for-most-part-of-the-session.

As-per-the-provisional-closing-data,-the-barometer-index,-the-S&P-BSE-Sensex-dropped-70.06-points-or-0.19%-at-37,666.56.-The-Nifty-50-index-fell-11.95-points-or-0.11%-at-11,090.20.

In-the-broader-market,-the-S&P-BSE-Mid-Cap-index-gained-0.4%-while-the-S&P-BSE-Small-Cap-index-rose-0.9%.

The-market-breadth-was-weak.-On-the-BSE,-1060-shares-rose-and-1496-shares-fell.-A-total-of-166-shares-were-unchanged.

COVID-19-Update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-1,73,03,253-with-6,73,284-deaths.-India-reported-5,45,318-active-cases-of-COVID-19-infection-and-35,747-deaths-while-10,57,805-patients-have-been-discharged,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Results-Today:

UPL-(up-2.55%)-and-Tata-Motors-(down-0.18%)-are-two-Nifty-companies-that-will-announce-their-quarterly-earnings-today.

Godrej-Agrovet-(up-1.36%),-Jagran-Prakashan-(down-0.13%),-Motilal-Oswal-Financial-Services-(down-0.32%),-NELCO-(down-0.1%),-Tata-Chemicals-(down-1.27%),-Tata-Metaliks-(up-0.58%),-Thyrocare-Technologies-(up-2.5%)-and-Va-Tech-Wabag-(down-1.5%)-are-some-of-the-companies-that-will-announce-their-quarterly-results-today.

Earnings-Impact:

State-Bank-of-India-jumped-2.49%-after-the-bank's-net-profit-surged-81.2%-to-₹-4189.34-crore-on-5.4%-rise-in-total-income-to-₹-74,457.86-crore-in-Q1-FY21-over-Q1-FY20.-Exceptional-items-for-quarter-ended-30-June-2020-represent-profit-of-₹-1,539.73-crore-on-sale-of-certain-portion-of-investment-in-bank's-subsidiary-SBI-Life-lnsurance-Company.-The-bank's-provisions-and-contingencies-increased-by-36.1%-to-₹-12,501.30-crore-in-Q1-FY21-from-₹-9,182.94-crore-in-Q1FY20.-Of-this,-the-provision-for-non-performing-assets-declined-by-19.1%-YoY-to-₹-9,420.46-crore-in-the-June-quarter.-Provision-Coverage-Ratio-as-on-30-June-2020-was-86.32%.-During-Q1-FY21,-SBI-made-an-additional-provision-of-₹-1836-crore-on-account-of-Covid-related-accounts.-The-provision-of-₹-3008-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.

Reliance-Industries-(RIL)-fell-1.93%.-The-company-reported-a-31%-jump-in-consolidated-net-profit-to-₹-13,248-crore-in-Q1-June-2020-compared-with-₹-10,141-crore-in-the-corresponding-period-of-last-year.-Consolidated-total-income-for-the-quarter-stood-at-₹-95,626-crore,-down-42.11%-compared-with-₹-165,199-crore-year-on-year-(Y-o-Y).-The-decline-in-revenue-was-primarily-due-to-fall-in-O2C-revenues,-led-by-sharp-decline-of-57.6%-in-average-Brent-crude-price.-Retail-business-also-witnessed-17%-decline-in-revenues-due-to-lockdown-and-restrictions-in-store-operations.-Overall-decline-in-revenue-was-partially-offset-by-increase-in-revenue-of-Digital-services-business-with-strong-subscriber-addition-and-significant-improvement-in-ARPU.

Reliance-Jio-Infocomm's-net-profit-surged-182.8%-to-₹-2,520-crore-on-33.7%-increase-in-operating-revenue-to-₹-16,557-crore-in-Q1-FY21-over-Q1-FY20.-EBITDA-jumped-55.4%-to-7,281-crore-during-the-period-under-review.-EBITDA-margin-expanded-613-bps-to-44%-during-the-period-under-review.-ARPU-during-the-quarter-of-₹-140.3-per-subscriber-per-month.-Total-wireless-data-traffic-during-the-quarter-of-₹-1,420-crore-GB-(30.2%-YoY-growth)-with-strong-customer-engagement-and-best-in-class-network-performance.

Cholamandalam-Investment-and-Finance-Company-declined-5.25%.-Its-consolidated-net-profit-surged-36.8%-to-₹-431.30-crore-on-3.9%-rise-in-total-income-to-₹-2,125.61-crore-in-Q1-June-2020-over-Q1-June-2019.-Consolidated-profit-before-tax-(PBT)-soared-20.1%-to-₹-581.98-crore-in-Q1-June-2020-as-against-₹-484.65-crore-in-Q1-June-2019.-Current-tax-expense-for-the-quarter-fell-5.5%-at-₹-177.08-crore-as-against-₹-187.32-crore-in-Q1-June-2019.-Net-Income-Margin-(NIM)-rose-4%-to-₹-983-crore-in-Q1-FY2021-as-against-₹-943-crore-in-Q1-FY2020.-The-capital-adequacy-ratio-(CAR)-of-the-company-as-on-30-June-2020-was-at-20.42%-(as-per-Ind-AS)-as-against-the-regulatory-requirement-of-15%.

Tata-Communications-hit-an-upper-circuit-of-5%-at-₹-759.80-after-consolidated-net-profit-surged-245.40%-to-₹-258.58-crore-on-5.6%-increase-in-net-sales-to-₹-4,402.94-crore-in-Q1-June-2020-over-Q1-June-2019.-Consolidated-EBITDA-soared-26.2%-to-₹-1,042-crore-in-Q1-FY21-over-Q1-FY20.-EBITDA-margin-grew-390-bps-to-23.7%-in-Q1-FY20,-on-the-back-of-strong-profitable-growth-in-data-business-and-focus-on-cost-efficiencies.-CAPEX-for-the-quarter-stood-at-₹-372-crore-as-compared-to-₹-342-crore-in-Q4-FY20,-recording-an-increase-of-8.77%-Q-o-Q-(quarter-on-quarter).

Torrent-Pharmaceuticals-jumped-9.37%-to-₹-2,665.25-after-the-company-reported-a-48.6%-jump-in-consolidated-net-profit-to-₹-321-crore-on-0.88%-rise-in-total-income-to-₹-2,060-crore-in-Q1-June-2020-over-Q1-June-2019.-Consolidated-EBITDA-was-up-19%-year-on-year-to-₹-664-crore-in-Q1-June-2020-over-Q1-June-2019.-Torrent-Pharma's-R&D-spends-in-Q1-June-2020-were-at-₹-108-crore-(5%-of-revenue-from-operations),-declining-21%-from-₹-136-crore-(7%-of-revenue-from-operations)-in-Q1-June-2019.

Westlife-Development-gained-2.06%.-The-company-reported-a-consolidated-net-loss-of-₹-57.56-crore-in-Q1-FY20-as-compared-to-a-net-profit-of-₹-6.44-crore-in-Q1-FY20.-Total-Revenues-declined-75.4%-on-a-year-on-year-(YoY)-basis-to-₹-93.89-crore-in-the-June-quarter.-The-company-reported-a-negative-operating-EBITDA-of-₹-57.68-crore-with-a-negative-operating-EBITDA-margin-of-61.4%-in-Q1-June-2020.-It-had-reported-a-operating-EBITDA-of-₹-32.63-crore-with-a-operating-EBITDA-margin-of-8.5%-in-Q1-June-2019.-The-Quick-Service-Restaurants-operator-recorded-a-pre-tax-loss-of-₹-76.82-crore-in-Q1-FY21-as-compared-to-a-pre-tax-profit-of-₹-8.51-crore-in-Q1-FY20.

GMR-Infrastructure-fell-2.25%-after-the-infra-firm-reported-consolidated-net-loss-of-₹-1,126.82-crore-in-Q4-March-2020,-lower-than-net-loss-of-₹-2,341.24-crore-in-Q4-March-2019.-Consolidated-net-sales-rose-3.6%-to-₹-1,947.90-crore-in-Q4-March-2020-over-Q4-March-2019.-Pre-tax-loss-stood-at-₹-1,297.24-crore-in-Q4-March-2020-as-against-pre-tax-loss-of-₹-2,345.95-crore-in-Q4-March-2019.-EBITDA-soared-104.68%-to-₹-655-crore-in-Q4-FY20-as-against-₹-320-crore-in-Q4-FY19.

UCO-Bank-fell-1.27%-after-the-government-owned-lender-reported-a-net-profit-of-₹-21.46-crore-in-Q1-FY21-as-against-a-net-loss-of-₹-601.45-crore-in-Q1-FY20.-The-bank's-provisions-and-contingencies-declined-34.5%-to-₹-1,180.37-crore-in-Q1-FY21-from-₹-1,802.89-crore-in-Q1FY20.-Of-this,-the-provision-for-non-performing-assets-shrunk-58.9%-YoY-to-₹-564.78-crore-in-the-June-quarter.-During-Q1-FY21,-UCO-Bank-made-an-additional-provision-of-₹-43.88-crore-on-account-of-COVID-19-related-accounts.-The-bank-held-a-total-provision-of-₹-57.15-crore-w.r.t.-COVID-19-related-accounts-as-on-31-March-2020.

Zydus-Wellness-surged-3.02%-after-the-company's-consolidated-net-profit-rose-10.9%-to-₹-89.2-crore-on-13.4%-decline-in-revenue-from-operations-to-₹-537.4-crore-in-Q1-FY21-over-Q1-FY20.-EBITDA-rose-marginally-by-0.3%-on-a-year-on-year-basis-to-₹-122.3-crore-during-the-quarter.-Profit-before-tax-grew-by-4.1%-to-₹-83.1-crore-in-Q1-June-2020-over-Q1-June-2019.-The-company-wrote-back-taxes-to-the-tune-of-6.05-crore-during-the-quarter.

Essel-Propack-jumped-13.66%-to-₹-233.35-after-the-company's-consolidated-net-profit-rose-13.3%-to-₹-44.45-crore-on-a-17.7%-increase-in-net-sales-to-₹-741.49-crore-in-Q1-FY21-over-Q1-FY20.-The-company-recorded-an-exceptional-item-of-₹-16.07-crore-for-the-quarter-ended-30-June-2020,-which-represents-impairment-of-assets-and-other-associated-costs-on-account-of-scaling-down-the-business-of-one-of-its-overseas-operating-units.-EBITDA-increased-by-35%-to-₹-146.6-crore-in-Q1-June-2020-from-₹-108.6-crore-in-Q1-June-2019.-EBITDA-margin-stood-at-19.8%-as-on-30-June-2020-as-against-17.2%-as-30-June-2019.-Profit-before-tax-in-Q1-FY21-stood-at-₹-61.49-crore,-up-by-11.1%-from-₹-55.33-crore-in-Q1-FY20.-Current-tax-expense-declined-11.1%-on-a-year-on-year-(YoY)-basis-to-₹-13.66-crore-during-the-quarter.

Deepak-Fertilisers-&-Petrochemcials-jumped-9.66%-after-the-company-reported-a-consolidated-net-profit-of-₹-121.14-crore-in-Q1-June-2020-as-against-₹-10.7-crore-posted-in-Q1-June-2019.-Consolidated-revenue-from-operations-jumped-23.16%-to-₹-1382.08-crore-in-Q1-June-2020-from-₹-1122-crore-in-Q1-June-2019.

Global-Markets:

European-markets-were-mixed-while-Asian-markets-ended-mildly-lower-following-a-record-contraction-in-US-gross-domestic-in-the-second-quarter.-

Investors-cautiously-await-the-outcome-of-Euro-Zone-GDP-figures.-In-France,-the-statistics-office-said-GDP-fell-by-13.8%-in-the-second-quarter-of-the-year.-On-Thursday,-the-German-statistics-office-announced-the-German-economy-contracted-by-10.1%-in-the-second-quarter.

China's-official-manufacturing-Purchasing-Managers'-Index-for-July-came-in-above-expectations-on-Friday.-The-manufacturing-PMI-for-July-was-at-51.1-from-June's-50.9,-according-to-the-country's-National-Bureau-of-Statistics.

Japan's-industrial-output-snapped-four-months-of-decline-in-June.-Official-data-released-on-Friday-showed-factory-output-increased-2.7%-in-June-from-the-previous-month-when-it-hit-its-lowest-level-since-March-2009-during-the-financial-crisis.

US-stock-futures-rose-after-some-of-the-biggest-tech-stocks-—-Facebook,-Amazon,-Alphabet-and-Apple-—-reported-quarterly-results-that-beat-expectations.-Apple-also-announced-a-4-for-1-stock-split.

The-S&P-500-and-Dow-closed-lower-on-Thursday-after-data-painted-a-worrying-economic-picture-on-a-crucial-day-for-corporate-earnings-reports.-The-Nasdaq-eked-out-a-positive-finish-as-investors-braced-for-a-litany-of-quarterly-results-from-behemoths-of-the-technology-and-e-commerce-world.

A-first-reading-on-US-gross-domestic-product-data-for-the-second-quarter-confirmed-the-pandemic-pummeled-the-economy.-US-GDP-collapsed-at-a-32.9%-annualized-rate-during-the-second-quarter,-following-a-5%-slump-in-the-first-quarter.-The-US-economy-shrank-by-its-sharpest-contraction-since-the-second-world-war.-More-depressing-signs-emerged-of-the-coronavirus-pandemic's-heavy-toll-on-the-country's-economy.-The-record-setting-quarterly-fall-in-economic-growth-came-as-another-1.43-million-Americans-filed-for-unemployment-benefits-last-week.

Investors-also-worried-about-the-expiration-of-enhanced-employment-benefits-on-Friday-as-US-Congress-was-no-closer-to-a-deal-on-Thursday-to-extend-or-replace-the-extra-$600-per-week-in-payments-to-tens-of-millions-thrown-out-of-work-by-the-coronavirus.

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

The-Sensex-and-the-Nifty-ended-with-minor-losses-on-Friday,-mirroring-negative-global-cues.-The-Nifty-closed-below-its-crucial-11,100-mark-after-hovering-around-that-level-for-most-part-of-the-session.

As-per-the-provisional-closing-data,-the-barometer-index,-the-S&P-BSE-Sensex-dropped-70.06-points-or-0.19%-at-37,666.56.-The-Nifty-50-index-fell-11.95-points-or-0.11%-at-11,090.20.

In-the-broader-market,-the-S&P-BSE-Mid-Cap-index-gained-0.4%-while-the-S&P-BSE-Small-Cap-index-rose-0.9%.

The-market-breadth-was-weak.-On-the-BSE,-1060-shares-rose-and-1496-shares-fell.-A-total-of-166-shares-were-unchanged.

COVID-19-Update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-1,73,03,253-with-6,73,284-deaths.-India-reported-5,45,318-active-cases-of-COVID-19-infection-and-35,747-deaths-while-10,57,805-patients-have-been-discharged,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Results-Today:

UPL-(up-2.55%)-and-Tata-Motors-(down-0.18%)-are-two-Nifty-companies-that-will-announce-their-quarterly-earnings-today.

Godrej-Agrovet-(up-1.36%),-Jagran-Prakashan-(down-0.13%),-Motilal-Oswal-Financial-Services-(down-0.32%),-NELCO-(down-0.1%),-Tata-Chemicals-(down-1.27%),-Tata-Metaliks-(up-0.58%),-Thyrocare-Technologies-(up-2.5%)-and-Va-Tech-Wabag-(down-1.5%)-are-some-of-the-companies-that-will-announce-their-quarterly-results-today.

Earnings-Impact:

State-Bank-of-India-jumped-2.49%-after-the-bank's-net-profit-surged-81.2%-to-₹-4189.34-crore-on-5.4%-rise-in-total-income-to-₹-74,457.86-crore-in-Q1-FY21-over-Q1-FY20.-Exceptional-items-for-quarter-ended-30-June-2020-represent-profit-of-₹-1,539.73-crore-on-sale-of-certain-portion-of-investment-in-bank's-subsidiary-SBI-Life-lnsurance-Company.-The-bank's-provisions-and-contingencies-increased-by-36.1%-to-₹-12,501.30-crore-in-Q1-FY21-from-₹-9,182.94-crore-in-Q1FY20.-Of-this,-the-provision-for-non-performing-assets-declined-by-19.1%-YoY-to-₹-9,420.46-crore-in-the-June-quarter.-Provision-Coverage-Ratio-as-on-30-June-2020-was-86.32%.-During-Q1-FY21,-SBI-made-an-additional-provision-of-₹-1836-crore-on-account-of-Covid-related-accounts.-The-provision-of-₹-3008-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.

Reliance-Industries-(RIL)-fell-1.93%.-The-company-reported-a-31%-jump-in-consolidated-net-profit-to-₹-13,248-crore-in-Q1-June-2020-compared-with-₹-10,141-crore-in-the-corresponding-period-of-last-year.-Consolidated-total-income-for-the-quarter-stood-at-₹-95,626-crore,-down-42.11%-compared-with-₹-165,199-crore-year-on-year-(Y-o-Y).-The-decline-in-revenue-was-primarily-due-to-fall-in-O2C-revenues,-led-by-sharp-decline-of-57.6%-in-average-Brent-crude-price.-Retail-business-also-witnessed-17%-decline-in-revenues-due-to-lockdown-and-restrictions-in-store-operations.-Overall-decline-in-revenue-was-partially-offset-by-increase-in-revenue-of-Digital-services-business-with-strong-subscriber-addition-and-significant-improvement-in-ARPU.

Reliance-Jio-Infocomm's-net-profit-surged-182.8%-to-₹-2,520-crore-on-33.7%-increase-in-operating-revenue-to-₹-16,557-crore-in-Q1-FY21-over-Q1-FY20.-EBITDA-jumped-55.4%-to-7,281-crore-during-the-period-under-review.-EBITDA-margin-expanded-613-bps-to-44%-during-the-period-under-review.-ARPU-during-the-quarter-of-₹-140.3-per-subscriber-per-month.-Total-wireless-data-traffic-during-the-quarter-of-₹-1,420-crore-GB-(30.2%-YoY-growth)-with-strong-customer-engagement-and-best-in-class-network-performance.

Cholamandalam-Investment-and-Finance-Company-declined-5.25%.-Its-consolidated-net-profit-surged-36.8%-to-₹-431.30-crore-on-3.9%-rise-in-total-income-to-₹-2,125.61-crore-in-Q1-June-2020-over-Q1-June-2019.-Consolidated-profit-before-tax-(PBT)-soared-20.1%-to-₹-581.98-crore-in-Q1-June-2020-as-against-₹-484.65-crore-in-Q1-June-2019.-Current-tax-expense-for-the-quarter-fell-5.5%-at-₹-177.08-crore-as-against-₹-187.32-crore-in-Q1-June-2019.-Net-Income-Margin-(NIM)-rose-4%-to-₹-983-crore-in-Q1-FY2021-as-against-₹-943-crore-in-Q1-FY2020.-The-capital-adequacy-ratio-(CAR)-of-the-company-as-on-30-June-2020-was-at-20.42%-(as-per-Ind-AS)-as-against-the-regulatory-requirement-of-15%.

Tata-Communications-hit-an-upper-circuit-of-5%-at-₹-759.80-after-consolidated-net-profit-surged-245.40%-to-₹-258.58-crore-on-5.6%-increase-in-net-sales-to-₹-4,402.94-crore-in-Q1-June-2020-over-Q1-June-2019.-Consolidated-EBITDA-soared-26.2%-to-₹-1,042-crore-in-Q1-FY21-over-Q1-FY20.-EBITDA-margin-grew-390-bps-to-23.7%-in-Q1-FY20,-on-the-back-of-strong-profitable-growth-in-data-business-and-focus-on-cost-efficiencies.-CAPEX-for-the-quarter-stood-at-₹-372-crore-as-compared-to-₹-342-crore-in-Q4-FY20,-recording-an-increase-of-8.77%-Q-o-Q-(quarter-on-quarter).

Torrent-Pharmaceuticals-jumped-9.37%-to-₹-2,665.25-after-the-company-reported-a-48.6%-jump-in-consolidated-net-profit-to-₹-321-crore-on-0.88%-rise-in-total-income-to-₹-2,060-crore-in-Q1-June-2020-over-Q1-June-2019.-Consolidated-EBITDA-was-up-19%-year-on-year-to-₹-664-crore-in-Q1-June-2020-over-Q1-June-2019.-Torrent-Pharma's-R&D-spends-in-Q1-June-2020-were-at-₹-108-crore-(5%-of-revenue-from-operations),-declining-21%-from-₹-136-crore-(7%-of-revenue-from-operations)-in-Q1-June-2019.

Westlife-Development-gained-2.06%.-The-company-reported-a-consolidated-net-loss-of-₹-57.56-crore-in-Q1-FY20-as-compared-to-a-net-profit-of-₹-6.44-crore-in-Q1-FY20.-Total-Revenues-declined-75.4%-on-a-year-on-year-(YoY)-basis-to-₹-93.89-crore-in-the-June-quarter.-The-company-reported-a-negative-operating-EBITDA-of-₹-57.68-crore-with-a-negative-operating-EBITDA-margin-of-61.4%-in-Q1-June-2020.-It-had-reported-a-operating-EBITDA-of-₹-32.63-crore-with-a-operating-EBITDA-margin-of-8.5%-in-Q1-June-2019.-The-Quick-Service-Restaurants-operator-recorded-a-pre-tax-loss-of-₹-76.82-crore-in-Q1-FY21-as-compared-to-a-pre-tax-profit-of-₹-8.51-crore-in-Q1-FY20.

GMR-Infrastructure-fell-2.25%-after-the-infra-firm-reported-consolidated-net-loss-of-₹-1,126.82-crore-in-Q4-March-2020,-lower-than-net-loss-of-₹-2,341.24-crore-in-Q4-March-2019.-Consolidated-net-sales-rose-3.6%-to-₹-1,947.90-crore-in-Q4-March-2020-over-Q4-March-2019.-Pre-tax-loss-stood-at-₹-1,297.24-crore-in-Q4-March-2020-as-against-pre-tax-loss-of-₹-2,345.95-crore-in-Q4-March-2019.-EBITDA-soared-104.68%-to-₹-655-crore-in-Q4-FY20-as-against-₹-320-crore-in-Q4-FY19.

UCO-Bank-fell-1.27%-after-the-government-owned-lender-reported-a-net-profit-of-₹-21.46-crore-in-Q1-FY21-as-against-a-net-loss-of-₹-601.45-crore-in-Q1-FY20.-The-bank's-provisions-and-contingencies-declined-34.5%-to-₹-1,180.37-crore-in-Q1-FY21-from-₹-1,802.89-crore-in-Q1FY20.-Of-this,-the-provision-for-non-performing-assets-shrunk-58.9%-YoY-to-₹-564.78-crore-in-the-June-quarter.-During-Q1-FY21,-UCO-Bank-made-an-additional-provision-of-₹-43.88-crore-on-account-of-COVID-19-related-accounts.-The-bank-held-a-total-provision-of-₹-57.15-crore-w.r.t.-COVID-19-related-accounts-as-on-31-March-2020.

Zydus-Wellness-surged-3.02%-after-the-company's-consolidated-net-profit-rose-10.9%-to-₹-89.2-crore-on-13.4%-decline-in-revenue-from-operations-to-₹-537.4-crore-in-Q1-FY21-over-Q1-FY20.-EBITDA-rose-marginally-by-0.3%-on-a-year-on-year-basis-to-₹-122.3-crore-during-the-quarter.-Profit-before-tax-grew-by-4.1%-to-₹-83.1-crore-in-Q1-June-2020-over-Q1-June-2019.-The-company-wrote-back-taxes-to-the-tune-of-6.05-crore-during-the-quarter.

Essel-Propack-jumped-13.66%-to-₹-233.35-after-the-company's-consolidated-net-profit-rose-13.3%-to-₹-44.45-crore-on-a-17.7%-increase-in-net-sales-to-₹-741.49-crore-in-Q1-FY21-over-Q1-FY20.-The-company-recorded-an-exceptional-item-of-₹-16.07-crore-for-the-quarter-ended-30-June-2020,-which-represents-impairment-of-assets-and-other-associated-costs-on-account-of-scaling-down-the-business-of-one-of-its-overseas-operating-units.-EBITDA-increased-by-35%-to-₹-146.6-crore-in-Q1-June-2020-from-₹-108.6-crore-in-Q1-June-2019.-EBITDA-margin-stood-at-19.8%-as-on-30-June-2020-as-against-17.2%-as-30-June-2019.-Profit-before-tax-in-Q1-FY21-stood-at-₹-61.49-crore,-up-by-11.1%-from-₹-55.33-crore-in-Q1-FY20.-Current-tax-expense-declined-11.1%-on-a-year-on-year-(YoY)-basis-to-₹-13.66-crore-during-the-quarter.

Deepak-Fertilisers-&-Petrochemcials-jumped-9.66%-after-the-company-reported-a-consolidated-net-profit-of-₹-121.14-crore-in-Q1-June-2020-as-against-₹-10.7-crore-posted-in-Q1-June-2019.-Consolidated-revenue-from-operations-jumped-23.16%-to-₹-1382.08-crore-in-Q1-June-2020-from-₹-1122-crore-in-Q1-June-2019.

Global-Markets:

European-markets-were-mixed-while-Asian-markets-ended-mildly-lower-following-a-record-contraction-in-US-gross-domestic-in-the-second-quarter.-

Investors-cautiously-await-the-outcome-of-Euro-Zone-GDP-figures.-In-France,-the-statistics-office-said-GDP-fell-by-13.8%-in-the-second-quarter-of-the-year.-On-Thursday,-the-German-statistics-office-announced-the-German-economy-contracted-by-10.1%-in-the-second-quarter.

China's-official-manufacturing-Purchasing-Managers'-Index-for-July-came-in-above-expectations-on-Friday.-The-manufacturing-PMI-for-July-was-at-51.1-from-June's-50.9,-according-to-the-country's-National-Bureau-of-Statistics.

Japan's-industrial-output-snapped-four-months-of-decline-in-June.-Official-data-released-on-Friday-showed-factory-output-increased-2.7%-in-June-from-the-previous-month-when-it-hit-its-lowest-level-since-March-2009-during-the-financial-crisis.

US-stock-futures-rose-after-some-of-the-biggest-tech-stocks-—-Facebook,-Amazon,-Alphabet-and-Apple-—-reported-quarterly-results-that-beat-expectations.-Apple-also-announced-a-4-for-1-stock-split.

The-S&P-500-and-Dow-closed-lower-on-Thursday-after-data-painted-a-worrying-economic-picture-on-a-crucial-day-for-corporate-earnings-reports.-The-Nasdaq-eked-out-a-positive-finish-as-investors-braced-for-a-litany-of-quarterly-results-from-behemoths-of-the-technology-and-e-commerce-world.

A-first-reading-on-US-gross-domestic-product-data-for-the-second-quarter-confirmed-the-pandemic-pummeled-the-economy.-US-GDP-collapsed-at-a-32.9%-annualized-rate-during-the-second-quarter,-following-a-5%-slump-in-the-first-quarter.-The-US-economy-shrank-by-its-sharpest-contraction-since-the-second-world-war.-More-depressing-signs-emerged-of-the-coronavirus-pandemic's-heavy-toll-on-the-country's-economy.-The-record-setting-quarterly-fall-in-economic-growth-came-as-another-1.43-million-Americans-filed-for-unemployment-benefits-last-week.

Investors-also-worried-about-the-expiration-of-enhanced-employment-benefits-on-Friday-as-US-Congress-was-no-closer-to-a-deal-on-Thursday-to-extend-or-replace-the-extra-$600-per-week-in-payments-to-tens-of-millions-thrown-out-of-work-by-the-coronavirus.

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