banner

A new way of investing

MARKETS

Strong market breadth; Europe opens lower
(13:17, 29 May 2020)

back

The-market-was-trading-in-a-range-with-small-losses-in-afternoon-trade.-The-Nifty-hovered-near-the-decisive-9500-mark.-Investors-remained-cautious-ahead-of-India's-Q4-GDP-numbers.

At-13:32-IST,-the-barometer-index,-the-S&P-BSE-Sensex-fell-74.45-points-or-0.26%-at-32,108.83.-The-Nifty-50-index-was-down-only-1.1-point-near-the-flat-line-at-9,489.

The-broader-market-traded-with-strong-gains.-The-S&P-BSE-Mid-Cap-index-surged-1.44%-while-the-S&P-BSE-Small-Cap-index-gained-1.35%.

Buyers-outpaced-sellers.-On-the-BSE,-shares-1,349-rose-and-800-shares-fell.-A-total-of-139-shares-were-unchanged.-In-Nifty-50-index,-35-stocks-advanced-while-15-stocks-declined.

The-Centre-is-expected-to-put-out-details-of-a-possible-lockdown-extension-soon.-The-nationwide-lockdown-was-first-announced-by-Prime-Minister-Narendra-Modi-on-March-24-for-21-days-in-a-bid-to-combat-the-coronavirus-pandemic.-It-was-first-extended-till-May-3-and-again-till-May-17.-The-fourth-phase-of-the-lockdown-ends-on-May-31.

-COVID-19-Update:-

Total-COVID-19-confirmed-cases-worldwide-stood-at-58,14,885-far-with-3,60,412-deaths.-India-reported-89,987-active-cases-of-COVID-19-infection-and-4,706-deaths,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

-Q4-Results-Today:

Voltas-(up-0.37%),-Metropolis-Healthcare-(down-0.03%),-3M-India-(up-2.43%),-Procter-&-Gamble-Health-(up-0.55%),-Shipping-Corporation-of-India-(down-0.93%)-and-Sundaram-Finance-(down-0.20%)-are-some-of-the-companies-that-will-announce-their-quarterly-earnings-today.

Gainers-&-Losers:

UPL-(up-5.64%),-Bharti-Infratel-(up-5.12%),-BPCL-(up-3.63%),-Bajaj-Auto-(up-3.46%)-and-Indian-Oil-Corp-(up-3.28%)-were-top-gainers-in-Nifty-50-index.

Bharti-Airtel-(down-2.93%),-Axis-Bank-(down-2.70%),-Adani-Ports-&-SEZ-(down-2.65%),-Titan-Company-(down-2.55%)-and-Tata-Motors-(down-2.30%)-were-top-losers-in-Nifty-50-index.

Economy:

India's-Q4-gross-domestic-product-(GDP)-data-will-be-announced-by-the-National-Statistical-Office-(NSO)-today,-29-May-2020.-The-Indian-economy-expanded-4.7%-YoY-in-Q3-December-2019.

On-the-macro-front,-foreign-direct-investment-(FDI)-in-India-grew-by-13%-to-a-record-of-$49.97-billion-in-the-2019-20-financial-year,-data-showed.-The-country-had-received-FDI-of-$44.36-billion-during-April-March-2018-19.

Earnings-Impact:

TVS-Motor-Company-advanced-1.04%.-The-automaker's-consolidated-net-profit-fell-47%-to-₹-74.04-crore-on-17.2%-decline-in-net-sales-to-₹-4,104.71-crore-in-Q4-March-2020-over-Q4-March-2019.-Consolidated-profit-before-tax-(PBT)-stood-at-₹-114.83-crore-in-Q4-March-2020,-declining-47%-from-₹-217.19-crore-in-Q4-March-2019.-During-March-2020,-the-company-incurred-₹-40.33-crore-towards-COVID-19-related-expenses-and-reported-as-an-exceptional-item-in-the-above-financials.-The-company-has-provided-₹-22-crore-towards-onetime-additional-discount-to-liquidate-BSIV-vehicles-during-end-March-2020-and-the-same-is-netted-of-against-the-revenue-reported-in-the-current-quarter.

The-overall-two-wheeler-and-three-wheeler-sales-including-exports-registered-6.33-lakh-units-in-Q4-March-2020,-lower-than-9.07-lakh-units-in-Q4-March-2019.-Motorcycle-sales-registered-2.80-lakh-units-in-Q4-March-2020,-lower-than-3.75-lakh-units-in-Q4-March-2019.-Scooter-sales-for-Q4-March-2020-is-1.67-lakh-units,-lower-than-the-sales-of-2.71-lakh-units-in-the-fourth-quarter-of-2018-19.-Total-export-of-two-wheelers-and-three-wheelers-is-2.04-lakh-units-in-the-quarter-under-review-as-against-1.96-lakh-units-in-Q4-March-2019-registering-a-growth-of-4.2%.-Three-wheeler-sales-for-the-quarter-under-review-is-0.43-lakh-units-as-against-0.42-lakh-units-during-fourth-quarter-of-2018-19.

CEAT-advanced-3.77%.-The-company's-consolidated-net-profit-declined-19.6%-to-₹-51.72-crore-on-10.6%-fall-in-net-sales-to-₹-1573.41-crore-in-Q4-March-2020-over-Q4-March-2019.-Consolidated-EBITDA-stood-at-₹-203-crore-in-Q4-March-2020,-rising-22.29%-from-₹-166-crore-in-the-same-period-last-year.-EBITDA-margin-rose-to-12.9%-in-Q4-March-2020-from-9.4%-in-Q4-March-2019.-The-company-said-it-has-made-provisions-for-unusable-semi-finished-inventory-and-raw-materials-aggregating-to-₹-13.27-crore-due-to-abrupt-stoppage-of-production-facilities.-The-company-further-said-it-has-not-capitalized-further-borrowing-cost-due-to-temporary-suspension-related-to-ongoing-capital-project,-contract-manpower-cost-and-export-detention-aggregating-to-₹-2.67-crore.-These-costs-have-been-disclosed-as-exception-items.

HeidelbergCement-India-gained-2.63%-to-₹-161.80-after-standalone-net-profit-grew-9%-to-₹-66.29-crore-on-4.7%-decline-in-net-sales-to-₹-509.29-crore-in-Q4-March-2020-over-Q4-March-2019.-Sales-volume-for-Q4-March-2020-1090-kilotonne-(KT),-declining-10%-from-1211-KT-in-Q4-March-2019.-EBITDA-rose-1.9%-to-to-₹-127.3-crore-in-quarter-ending-March-2020-as-against-₹-124.9-crore-posted-in-the-same-period-last-year.-EBITDA-margin-grew-by-164-basis-points-to-25%-in-Q4-March-2020-from-23.4%-in-Q4-March-2019.-EBITDA-per-tonne-jumped-13.2%-to-₹-1,168-in-Q4-March-2020-from-₹-1032-in-Q4-March-2019.

LT-Foods-spurted-7.60%-after-consolidated-net-profit-surged-167.10%-to-₹-58.34-crore-on-18.8%-jump-in-net-sales-to-₹-1,197.95-crore-in-Q4-March-2020-over-Q4-March-2019.-Consolidated-profit-before-tax-soared-149.80%-to-₹-82.50-crore-in-Q4-March-2020-as-against-₹-33.03-crore-in-Q4-March-2019.-Current-tax-expenses-stood-at-₹-29.35-crore-in-Q4-March-2020-as-compared-to-₹-5.24-crore-paid-in-Q4-March-2019.-EBITDA-grew-54%-to-₹-150-crore-in-Q4-March-2020-from-₹-98-crore-in-Q4-March-2019.-EBITDA-margin-improved-to-12.3%-in-Q4-FY-2020-as-against-9.6%-in-Q4-FY-2019,-aided-by-operational-efficiencies.-The-result-was-declared-after-market-hours-yesterday,-28-May-2020.

Global-Markets:

European-markets-opened-lower-on-Friday,-snapping-their-winning-streak-on-account-of-re-escalating-US-China-tensions.-Reports-say-that-Washington-D.C.-has-piled-up-pressure-on-Beijing-accusing-China-for-the-coronavirus-outbreak-and,-more-recently,-a-new-security-law-for-Hong-Kong-that-threatens-the-special-administrative-region's-autonomy,-according-to-Secretary-of-State-Mike-Pompeo.

Meanwhile,-France-is-set-to-enter-its-second-phase-of-its-coronavirus-lockdown-easing-with-restaurants,-bars-and-cafes-to-reopen-from-2-June-2020.-In-the-U.K.,-groups-of-six-people-from-different-households-will-be-allowed-to-meet-in-gardens-as-well-as-parks-from-Monday-onwards,-provided-households-remain-2-meters-apart.

French-automaker-Renault-has-launched-talks-with-unions-over-a-mass-restructure-of-its-French-factory-operations,-which-would-see-manufacturing-cease-at-several-plants-as-the-automaker-plans-to-downsize-15,000-jobs-worldwide-in-a-bid-to-cater-to-a-plunge-in-its-sales.

Most-Asian-stocks-traded-higher-on-Friday-as-investors-watch-for-market-reaction-to-China's-controversial-national-security-law-for-Hong-Kong-that-was-approved-on-Thursday.

The-U.S.,-Australia,-Canada-and-the-U.K.-governments-issued-a-joint-statement-Thursday-reiterating-their-deep-concern-regarding-Beijing's-decision-to-impose-a-national-security-law-on-Hong-Kong,-after-China's-parliament,-the-National-People's-Congress-passed-legislation-Thursday-that-could-greatly-curtail-democratic-freedoms.

On-the-economic-data-front,-Japan's-retail-sales-fell-13.7%-year-on-year-in-April,-according-to-data-released-today-showed.

In-US,-Wall-Street-ended-lower-on-Thursday-following-a-late-session-reversal,-with-Facebook-weighing-on-the-market-after-President-Donald-Trump-said-he-would-sign-an-executive-order-related-to-social-media-companies-and-would-hold-a-news-conference-on-China-on-Friday.

On-the-economic-front,-US-GDP-contracted-at-an-annual-5%-pace-in-the-first-quarter-instead-of-4.8%,-revised-government-data-showed.

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

The-market-was-trading-in-a-range-with-small-losses-in-afternoon-trade.-The-Nifty-hovered-near-the-decisive-9500-mark.-Investors-remained-cautious-ahead-of-India's-Q4-GDP-numbers.

At-13:32-IST,-the-barometer-index,-the-S&P-BSE-Sensex-fell-74.45-points-or-0.26%-at-32,108.83.-The-Nifty-50-index-was-down-only-1.1-point-near-the-flat-line-at-9,489.

The-broader-market-traded-with-strong-gains.-The-S&P-BSE-Mid-Cap-index-surged-1.44%-while-the-S&P-BSE-Small-Cap-index-gained-1.35%.

Buyers-outpaced-sellers.-On-the-BSE,-shares-1,349-rose-and-800-shares-fell.-A-total-of-139-shares-were-unchanged.-In-Nifty-50-index,-35-stocks-advanced-while-15-stocks-declined.

The-Centre-is-expected-to-put-out-details-of-a-possible-lockdown-extension-soon.-The-nationwide-lockdown-was-first-announced-by-Prime-Minister-Narendra-Modi-on-March-24-for-21-days-in-a-bid-to-combat-the-coronavirus-pandemic.-It-was-first-extended-till-May-3-and-again-till-May-17.-The-fourth-phase-of-the-lockdown-ends-on-May-31.

-COVID-19-Update:-

Total-COVID-19-confirmed-cases-worldwide-stood-at-58,14,885-far-with-3,60,412-deaths.-India-reported-89,987-active-cases-of-COVID-19-infection-and-4,706-deaths,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

-Q4-Results-Today:

Voltas-(up-0.37%),-Metropolis-Healthcare-(down-0.03%),-3M-India-(up-2.43%),-Procter-&-Gamble-Health-(up-0.55%),-Shipping-Corporation-of-India-(down-0.93%)-and-Sundaram-Finance-(down-0.20%)-are-some-of-the-companies-that-will-announce-their-quarterly-earnings-today.

Gainers-&-Losers:

UPL-(up-5.64%),-Bharti-Infratel-(up-5.12%),-BPCL-(up-3.63%),-Bajaj-Auto-(up-3.46%)-and-Indian-Oil-Corp-(up-3.28%)-were-top-gainers-in-Nifty-50-index.

Bharti-Airtel-(down-2.93%),-Axis-Bank-(down-2.70%),-Adani-Ports-&-SEZ-(down-2.65%),-Titan-Company-(down-2.55%)-and-Tata-Motors-(down-2.30%)-were-top-losers-in-Nifty-50-index.

Economy:

India's-Q4-gross-domestic-product-(GDP)-data-will-be-announced-by-the-National-Statistical-Office-(NSO)-today,-29-May-2020.-The-Indian-economy-expanded-4.7%-YoY-in-Q3-December-2019.

On-the-macro-front,-foreign-direct-investment-(FDI)-in-India-grew-by-13%-to-a-record-of-$49.97-billion-in-the-2019-20-financial-year,-data-showed.-The-country-had-received-FDI-of-$44.36-billion-during-April-March-2018-19.

Earnings-Impact:

TVS-Motor-Company-advanced-1.04%.-The-automaker's-consolidated-net-profit-fell-47%-to-₹-74.04-crore-on-17.2%-decline-in-net-sales-to-₹-4,104.71-crore-in-Q4-March-2020-over-Q4-March-2019.-Consolidated-profit-before-tax-(PBT)-stood-at-₹-114.83-crore-in-Q4-March-2020,-declining-47%-from-₹-217.19-crore-in-Q4-March-2019.-During-March-2020,-the-company-incurred-₹-40.33-crore-towards-COVID-19-related-expenses-and-reported-as-an-exceptional-item-in-the-above-financials.-The-company-has-provided-₹-22-crore-towards-onetime-additional-discount-to-liquidate-BSIV-vehicles-during-end-March-2020-and-the-same-is-netted-of-against-the-revenue-reported-in-the-current-quarter.

The-overall-two-wheeler-and-three-wheeler-sales-including-exports-registered-6.33-lakh-units-in-Q4-March-2020,-lower-than-9.07-lakh-units-in-Q4-March-2019.-Motorcycle-sales-registered-2.80-lakh-units-in-Q4-March-2020,-lower-than-3.75-lakh-units-in-Q4-March-2019.-Scooter-sales-for-Q4-March-2020-is-1.67-lakh-units,-lower-than-the-sales-of-2.71-lakh-units-in-the-fourth-quarter-of-2018-19.-Total-export-of-two-wheelers-and-three-wheelers-is-2.04-lakh-units-in-the-quarter-under-review-as-against-1.96-lakh-units-in-Q4-March-2019-registering-a-growth-of-4.2%.-Three-wheeler-sales-for-the-quarter-under-review-is-0.43-lakh-units-as-against-0.42-lakh-units-during-fourth-quarter-of-2018-19.

CEAT-advanced-3.77%.-The-company's-consolidated-net-profit-declined-19.6%-to-₹-51.72-crore-on-10.6%-fall-in-net-sales-to-₹-1573.41-crore-in-Q4-March-2020-over-Q4-March-2019.-Consolidated-EBITDA-stood-at-₹-203-crore-in-Q4-March-2020,-rising-22.29%-from-₹-166-crore-in-the-same-period-last-year.-EBITDA-margin-rose-to-12.9%-in-Q4-March-2020-from-9.4%-in-Q4-March-2019.-The-company-said-it-has-made-provisions-for-unusable-semi-finished-inventory-and-raw-materials-aggregating-to-₹-13.27-crore-due-to-abrupt-stoppage-of-production-facilities.-The-company-further-said-it-has-not-capitalized-further-borrowing-cost-due-to-temporary-suspension-related-to-ongoing-capital-project,-contract-manpower-cost-and-export-detention-aggregating-to-₹-2.67-crore.-These-costs-have-been-disclosed-as-exception-items.

HeidelbergCement-India-gained-2.63%-to-₹-161.80-after-standalone-net-profit-grew-9%-to-₹-66.29-crore-on-4.7%-decline-in-net-sales-to-₹-509.29-crore-in-Q4-March-2020-over-Q4-March-2019.-Sales-volume-for-Q4-March-2020-1090-kilotonne-(KT),-declining-10%-from-1211-KT-in-Q4-March-2019.-EBITDA-rose-1.9%-to-to-₹-127.3-crore-in-quarter-ending-March-2020-as-against-₹-124.9-crore-posted-in-the-same-period-last-year.-EBITDA-margin-grew-by-164-basis-points-to-25%-in-Q4-March-2020-from-23.4%-in-Q4-March-2019.-EBITDA-per-tonne-jumped-13.2%-to-₹-1,168-in-Q4-March-2020-from-₹-1032-in-Q4-March-2019.

LT-Foods-spurted-7.60%-after-consolidated-net-profit-surged-167.10%-to-₹-58.34-crore-on-18.8%-jump-in-net-sales-to-₹-1,197.95-crore-in-Q4-March-2020-over-Q4-March-2019.-Consolidated-profit-before-tax-soared-149.80%-to-₹-82.50-crore-in-Q4-March-2020-as-against-₹-33.03-crore-in-Q4-March-2019.-Current-tax-expenses-stood-at-₹-29.35-crore-in-Q4-March-2020-as-compared-to-₹-5.24-crore-paid-in-Q4-March-2019.-EBITDA-grew-54%-to-₹-150-crore-in-Q4-March-2020-from-₹-98-crore-in-Q4-March-2019.-EBITDA-margin-improved-to-12.3%-in-Q4-FY-2020-as-against-9.6%-in-Q4-FY-2019,-aided-by-operational-efficiencies.-The-result-was-declared-after-market-hours-yesterday,-28-May-2020.

Global-Markets:

European-markets-opened-lower-on-Friday,-snapping-their-winning-streak-on-account-of-re-escalating-US-China-tensions.-Reports-say-that-Washington-D.C.-has-piled-up-pressure-on-Beijing-accusing-China-for-the-coronavirus-outbreak-and,-more-recently,-a-new-security-law-for-Hong-Kong-that-threatens-the-special-administrative-region's-autonomy,-according-to-Secretary-of-State-Mike-Pompeo.

Meanwhile,-France-is-set-to-enter-its-second-phase-of-its-coronavirus-lockdown-easing-with-restaurants,-bars-and-cafes-to-reopen-from-2-June-2020.-In-the-U.K.,-groups-of-six-people-from-different-households-will-be-allowed-to-meet-in-gardens-as-well-as-parks-from-Monday-onwards,-provided-households-remain-2-meters-apart.

French-automaker-Renault-has-launched-talks-with-unions-over-a-mass-restructure-of-its-French-factory-operations,-which-would-see-manufacturing-cease-at-several-plants-as-the-automaker-plans-to-downsize-15,000-jobs-worldwide-in-a-bid-to-cater-to-a-plunge-in-its-sales.

Most-Asian-stocks-traded-higher-on-Friday-as-investors-watch-for-market-reaction-to-China's-controversial-national-security-law-for-Hong-Kong-that-was-approved-on-Thursday.

The-U.S.,-Australia,-Canada-and-the-U.K.-governments-issued-a-joint-statement-Thursday-reiterating-their-deep-concern-regarding-Beijing's-decision-to-impose-a-national-security-law-on-Hong-Kong,-after-China's-parliament,-the-National-People's-Congress-passed-legislation-Thursday-that-could-greatly-curtail-democratic-freedoms.

On-the-economic-data-front,-Japan's-retail-sales-fell-13.7%-year-on-year-in-April,-according-to-data-released-today-showed.

In-US,-Wall-Street-ended-lower-on-Thursday-following-a-late-session-reversal,-with-Facebook-weighing-on-the-market-after-President-Donald-Trump-said-he-would-sign-an-executive-order-related-to-social-media-companies-and-would-hold-a-news-conference-on-China-on-Friday.

On-the-economic-front,-US-GDP-contracted-at-an-annual-5%-pace-in-the-first-quarter-instead-of-4.8%,-revised-government-data-showed.

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