banner

A new way of investing

MARKETS

Sensex hovers above 32,000 mark; Europe opens higher
(13:13, 28 May 2020)

back

Key-equity-indices-traded-with-strong-gains-in-afternoon-trade.-The-Nifty-held-above-9450-level.-At-13:25-IST,-the-barometer-index,-the-S&P-BSE-Sensex-jumped-551.87-points-or-1.75%-at-32,157.09.-The-Nifty-50-index-rallied-157.30-points-or-1.69%-at-9,472.25.

The-broader-market-was-upbeat.-The-S&P-BSE-Mid-Cap-index-gained-1.34%-while-the-S&P-BSE-Small-Cap-index-rose-1.43%.

The-market-breadth-was-strong.-On-the-BSE,-shares-1447-rose-and-722-shares-fell.-A-total-of-147-shares-were-unchanged.

The-media-reported-that-India's-GST-Council-is-likely-to-meet-in-the-second-week-of-June-to-discuss-the-impact-of-the-coronavirus-pandemic-on-the-economy-of-states,-among-other-things.

COVID-19-Update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-56,97,334-far-with-3,55,758-deaths.-India-reported-86,110-active-cases-of-COVID-19-infection-and-4,531-deaths,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Gainers-&-Losers:

Zee-Entertainment-Enterprises-(up-8.48%),-Eicher-Motors-(up-7.57%),-Hero-MotoCorp-(up-5.77%),-Larsen-&-Toubro-(up-5.54%)-and-IndusInd-Bank-(up-5.05%)-were-top-gainers-in-Nifty-50-index.

BPCL-(down-2.44%),-ITC-(down-1.46%),-Bharti-Airtel-(down-0.66%),-State-Bank-of-India-(down-0.54%)-and-Infosys-(down-0.50%)-were-top-losers-in-Nifty-50-index.

Q4-results-Today:

Lupin-(down-2.26%),-TVS-Motor-Company-(up-1.86%),-CEAT-(up-1.89%),-Federal-Bank-(up-1.10%),-Radico-Khaitan-(up-0.79%),-IIFL-Finance-(up-0.93%),-Heidelberg-Cement-India-(up-1.69%),-LT-Foods-(up-3.59%)-and-Agro-Tech-Foods-(up-1.73%)-are-some-of-the-companies-that-will-announce-their-quarterly-earnings-today.

Earnings-Impact:

Sun-Pharmaceutical-Industries-rose-1.65%.-The-drug-major-reported-37.1%-decline-in-consolidated-net-profit-to-₹-399.84-crore-on-14.3%-rise-in-total-revenue-from-operations-to-₹-8,184.94-crore-in-Q4-March-2020-over-Q4-March-2019.-Profit-before-tax-(PBT)-stood-at-₹-577.44-crore-in-Q4-FY20,-down-by-16.8%-from-₹-694.24-crore-in-Q4-FY19.-The-company-recorded-a-one-time-expenditure-of-₹-260.64-crore-as-an-exceptional-item-in-the-March-2020-quarter.-Of-the-total-amount,-the-charge-of-₹-104.28-crore-was-due-to-the-Supreme-Court-of-India's-judgment-in-a-case-pertaining-to-central-excise-refund-claims-and-₹-156.36-crore-was-on-account-of-a-settlement-made-by-Dusa-Pharmaceuticals,-the-company's-US-based-subsidiary,-with-the-U.S.-Department-of-Justice-and-an-individual-to-resolve-allegations-relating-to-the-sales,-marketing-and-promotion-of-two-of-its-products.

In-the-fourth-quarter,-the-drug-maker's-India-formulations-earnings-stood-at-₹-2,364.80-(up-114.7%-Y-o-Y)-while-US-formulations-earnings-were-at-₹-2,712.88-(down-13.2%-YoY).-Emerging-markets'-sales-came-in-at-₹-1,353.97-(up-11%-YoY)-and-formulation-sales-in-Rest-of-World-(ROW)-markets-were-at-₹-1,121.22-crore-(up-4%-YoY).-The-term-'YoY'-indicates-year-on-year-comparison.-For-Q4-FY20,-external-sales-of-active-pharmaceutical-ingredients-(API)-were-at-₹-483.43-crore,-flat-over-Q4-last-year.-Consolidated-R&D-investment-fell-5.6%-to-₹-536-crores-in-Q4-FY20,-from-₹.-567.49-crores-reported-in-Q4-last-year.

United-Spirits-fell-1.90%-to-₹-566.85-after-the-company-reported-52.5%-decline-in-consolidated-net-profit-to-₹-58.40-crore-on-14.1%-fall-in-net-sales-to-₹-1990.50-crore-in-Q4-March-2020-over-Q4-March-2019.-Consolidated-profit-before-tax-(PBT)-stood-at-₹-183.50-crore-in-Q4-FY20,-up-by-5.6%-from-₹-173.70-crore-in-Q4-FY19.-Revenue-declined-primarily-due-to-COVID-19-led-disruption-in-India-in-March,-which-exacerbated-the-impact-of-the-ongoing-consumption-slowdown.-Employee-expense-declined-36.91%-to-₹-109.40-crore-during-the-quarter.-On-the-volume-front,-the-alcoholic-beverages-manufacturer's-prestige-&-above-segment-witnessed-19.6%-fall-in-volumes-as-it-stood-at-8.4-EUm-while-the-popular-segment's-volumes-contracted-by-7.5%-to-9.9-EUm-in-Q4-FY20-over-Q4-FY19.

Quess-Corp-fell-1.63%-after-the-company-reported-a-consolidated-net-loss-of-₹-629.92-crore-in-Q4-March-2020-compared-with-net-profit-of-₹-75.50-crore-in-Q4-March-2019.-Consolidated-net-sales-jumped-30.5%-to-₹-2,994.59-crore-in-Q4-March-2020-over-₹-2,294.77-crore-in-Q4-March-2019.-Pre-tax-loss-stood-at-₹-594.36-crore-in-Q4-March-2020-as-compared-to-a-pre-tax-profit-of-₹-87.59-crore-in-Q4-March-2019.-The-company-incurred-one-off-non-cash-charge-of-₹-664-crore-on-account-of-goodwill-impairment-and-change-in-tax-regime.-Consolidated-EBITDA-grew-28%-to-₹-169-crore-in-Q4-FY20-over-Q4-FY19-due-to-Covid-19-impact.-EBITDA-margin-stood-at-5.63%-in-Q4-FY20-as-against-5.74%-in-Q4-FY19.

Global-Markets:

European-markets-opened-higher-as-European-Union-(EU)-planned-to-open-up-tourist-destinations-for-the-summer-despite-fears-of-the-ongoing-COVID-19-pandemic.-Tourism-represents-10%-of-the-European-economy-and-creates-27-million-jobs-directly-and-indirectly-across-the-region.-Investor-sentiment-was-also-improved-after-the-European-Commission-(EC)-unveiled-plans-for-a-750-billion-euro-($826.5-billion)-recovery-fund.

Asian-markets-were-trading-lower-as-US-China-tension-woes-competed-with-the-hopes-of-an-economic-recovery-from-the-coronavirus-crisis.

Hong-Kong's-Hang-Seng-index-was-down-0.88%-after-China's-National-People's-Congress-on-Thursday-voted-on-a-decision-that-paves-the-way-for-sweeping-anti-sedition-laws-to-be-directly-enacted-in-Hong-Kong.-China's-legislature-approved-a-decision-to-force-a-controversial-national-security-law-on-Hong-Kong,-in-an-extraordinary-and-unprecedented-move-aimed-at-bringing-the-semi-autonomous-territory-further-under-Beijing's-control.

Meanwhile,-Japanese-Prime-Minister-Shinzo-Abe's-cabinet-approved-a-new-$1.1-trillion-stimulus-package-that-includes-significant-direct-spending,-to-stop-the-coronavirus-pandemic-pushing-the-world's-third-largest-economy-deeper-into-recession.

The-US-equity-market-finished-sharply-higher-on-Wednesday,-27-May-2020,-extending-the-market's-gains-into-a-third-day,-on-optimism-that-economic-activity-is-gathering-steam-and-authorities-may-offer-more-stimulus-to-bolster-the-recovery.-Hopes-for-potential-COVID-19-vaccines-under-development-have-also-helped-propel-stocks.

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

Key-equity-indices-traded-with-strong-gains-in-afternoon-trade.-The-Nifty-held-above-9450-level.-At-13:25-IST,-the-barometer-index,-the-S&P-BSE-Sensex-jumped-551.87-points-or-1.75%-at-32,157.09.-The-Nifty-50-index-rallied-157.30-points-or-1.69%-at-9,472.25.

The-broader-market-was-upbeat.-The-S&P-BSE-Mid-Cap-index-gained-1.34%-while-the-S&P-BSE-Small-Cap-index-rose-1.43%.

The-market-breadth-was-strong.-On-the-BSE,-shares-1447-rose-and-722-shares-fell.-A-total-of-147-shares-were-unchanged.

The-media-reported-that-India's-GST-Council-is-likely-to-meet-in-the-second-week-of-June-to-discuss-the-impact-of-the-coronavirus-pandemic-on-the-economy-of-states,-among-other-things.

COVID-19-Update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-56,97,334-far-with-3,55,758-deaths.-India-reported-86,110-active-cases-of-COVID-19-infection-and-4,531-deaths,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Gainers-&-Losers:

Zee-Entertainment-Enterprises-(up-8.48%),-Eicher-Motors-(up-7.57%),-Hero-MotoCorp-(up-5.77%),-Larsen-&-Toubro-(up-5.54%)-and-IndusInd-Bank-(up-5.05%)-were-top-gainers-in-Nifty-50-index.

BPCL-(down-2.44%),-ITC-(down-1.46%),-Bharti-Airtel-(down-0.66%),-State-Bank-of-India-(down-0.54%)-and-Infosys-(down-0.50%)-were-top-losers-in-Nifty-50-index.

Q4-results-Today:

Lupin-(down-2.26%),-TVS-Motor-Company-(up-1.86%),-CEAT-(up-1.89%),-Federal-Bank-(up-1.10%),-Radico-Khaitan-(up-0.79%),-IIFL-Finance-(up-0.93%),-Heidelberg-Cement-India-(up-1.69%),-LT-Foods-(up-3.59%)-and-Agro-Tech-Foods-(up-1.73%)-are-some-of-the-companies-that-will-announce-their-quarterly-earnings-today.

Earnings-Impact:

Sun-Pharmaceutical-Industries-rose-1.65%.-The-drug-major-reported-37.1%-decline-in-consolidated-net-profit-to-₹-399.84-crore-on-14.3%-rise-in-total-revenue-from-operations-to-₹-8,184.94-crore-in-Q4-March-2020-over-Q4-March-2019.-Profit-before-tax-(PBT)-stood-at-₹-577.44-crore-in-Q4-FY20,-down-by-16.8%-from-₹-694.24-crore-in-Q4-FY19.-The-company-recorded-a-one-time-expenditure-of-₹-260.64-crore-as-an-exceptional-item-in-the-March-2020-quarter.-Of-the-total-amount,-the-charge-of-₹-104.28-crore-was-due-to-the-Supreme-Court-of-India's-judgment-in-a-case-pertaining-to-central-excise-refund-claims-and-₹-156.36-crore-was-on-account-of-a-settlement-made-by-Dusa-Pharmaceuticals,-the-company's-US-based-subsidiary,-with-the-U.S.-Department-of-Justice-and-an-individual-to-resolve-allegations-relating-to-the-sales,-marketing-and-promotion-of-two-of-its-products.

In-the-fourth-quarter,-the-drug-maker's-India-formulations-earnings-stood-at-₹-2,364.80-(up-114.7%-Y-o-Y)-while-US-formulations-earnings-were-at-₹-2,712.88-(down-13.2%-YoY).-Emerging-markets'-sales-came-in-at-₹-1,353.97-(up-11%-YoY)-and-formulation-sales-in-Rest-of-World-(ROW)-markets-were-at-₹-1,121.22-crore-(up-4%-YoY).-The-term-'YoY'-indicates-year-on-year-comparison.-For-Q4-FY20,-external-sales-of-active-pharmaceutical-ingredients-(API)-were-at-₹-483.43-crore,-flat-over-Q4-last-year.-Consolidated-R&D-investment-fell-5.6%-to-₹-536-crores-in-Q4-FY20,-from-₹.-567.49-crores-reported-in-Q4-last-year.

United-Spirits-fell-1.90%-to-₹-566.85-after-the-company-reported-52.5%-decline-in-consolidated-net-profit-to-₹-58.40-crore-on-14.1%-fall-in-net-sales-to-₹-1990.50-crore-in-Q4-March-2020-over-Q4-March-2019.-Consolidated-profit-before-tax-(PBT)-stood-at-₹-183.50-crore-in-Q4-FY20,-up-by-5.6%-from-₹-173.70-crore-in-Q4-FY19.-Revenue-declined-primarily-due-to-COVID-19-led-disruption-in-India-in-March,-which-exacerbated-the-impact-of-the-ongoing-consumption-slowdown.-Employee-expense-declined-36.91%-to-₹-109.40-crore-during-the-quarter.-On-the-volume-front,-the-alcoholic-beverages-manufacturer's-prestige-&-above-segment-witnessed-19.6%-fall-in-volumes-as-it-stood-at-8.4-EUm-while-the-popular-segment's-volumes-contracted-by-7.5%-to-9.9-EUm-in-Q4-FY20-over-Q4-FY19.

Quess-Corp-fell-1.63%-after-the-company-reported-a-consolidated-net-loss-of-₹-629.92-crore-in-Q4-March-2020-compared-with-net-profit-of-₹-75.50-crore-in-Q4-March-2019.-Consolidated-net-sales-jumped-30.5%-to-₹-2,994.59-crore-in-Q4-March-2020-over-₹-2,294.77-crore-in-Q4-March-2019.-Pre-tax-loss-stood-at-₹-594.36-crore-in-Q4-March-2020-as-compared-to-a-pre-tax-profit-of-₹-87.59-crore-in-Q4-March-2019.-The-company-incurred-one-off-non-cash-charge-of-₹-664-crore-on-account-of-goodwill-impairment-and-change-in-tax-regime.-Consolidated-EBITDA-grew-28%-to-₹-169-crore-in-Q4-FY20-over-Q4-FY19-due-to-Covid-19-impact.-EBITDA-margin-stood-at-5.63%-in-Q4-FY20-as-against-5.74%-in-Q4-FY19.

Global-Markets:

European-markets-opened-higher-as-European-Union-(EU)-planned-to-open-up-tourist-destinations-for-the-summer-despite-fears-of-the-ongoing-COVID-19-pandemic.-Tourism-represents-10%-of-the-European-economy-and-creates-27-million-jobs-directly-and-indirectly-across-the-region.-Investor-sentiment-was-also-improved-after-the-European-Commission-(EC)-unveiled-plans-for-a-750-billion-euro-($826.5-billion)-recovery-fund.

Asian-markets-were-trading-lower-as-US-China-tension-woes-competed-with-the-hopes-of-an-economic-recovery-from-the-coronavirus-crisis.

Hong-Kong's-Hang-Seng-index-was-down-0.88%-after-China's-National-People's-Congress-on-Thursday-voted-on-a-decision-that-paves-the-way-for-sweeping-anti-sedition-laws-to-be-directly-enacted-in-Hong-Kong.-China's-legislature-approved-a-decision-to-force-a-controversial-national-security-law-on-Hong-Kong,-in-an-extraordinary-and-unprecedented-move-aimed-at-bringing-the-semi-autonomous-territory-further-under-Beijing's-control.

Meanwhile,-Japanese-Prime-Minister-Shinzo-Abe's-cabinet-approved-a-new-$1.1-trillion-stimulus-package-that-includes-significant-direct-spending,-to-stop-the-coronavirus-pandemic-pushing-the-world's-third-largest-economy-deeper-into-recession.

The-US-equity-market-finished-sharply-higher-on-Wednesday,-27-May-2020,-extending-the-market's-gains-into-a-third-day,-on-optimism-that-economic-activity-is-gathering-steam-and-authorities-may-offer-more-stimulus-to-bolster-the-recovery.-Hopes-for-potential-COVID-19-vaccines-under-development-have-also-helped-propel-stocks.

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