Here are the top 10 business headlines on Friday morning
In the earnings department, a total of seven companies including Britannia, Bharti Infratel, and Hathway Cable are scheduled to announce their March quarter results today
The latest rebound in the market has come on the back of a sharp 40 per cent correction in the preceding one-month period with valuations for most stocks plunging to multi-year lows
After swinging over 566 points during the day, the 30-share index ended 59.28 points, or 0.19% higher at 31,648
Today, IT giant Infosys is scheduled to come out with its Q4 numbers and analysts are penciling in a 1 per cent QoQ hit in its revenue growth in constant currency terms for the quarter
Among the 247 actively traded scrips, 17 have shed more than 50 per cent this calendar year. About 40 per cent have slid more than the Sensex, which is down 23 per cent year-to-date
Most global markets surged as investor appetite for risk assets improved due to the progress of an experimental drug for treating covid-19 and on US's plan to reopen its economy.
The Sensex advanced 0.7 per cent to 30,602.61 at the 3:30 pm close in Mumbai, after swinging between a loss of as much as 1.2% and a gain of as much as 1.4%
Tech giant Tata Consultancy Services is scheduled to release its March quarter numbers and analysts see some erosion in the company's revenue due to the nationwide lockdown
Wipro is slated to announce its Q4 numbers later in the day and most brokerages expect the company's revenue growth to come in at the lower end of the guided range of 0-2 per cent
The 25% tumble in the index has meant that stocks currently offer an earnings yield of about 5.25%, compared with the domestic benchmark 10-year yield of about 6.50%
HDFC will be in focus in today's session after the People's Bank of China increased its stake in the lending major to 1.01 per cent
News agency Reuters quoted senior officials saying that the government is poised to announce a second stimulus package in coming days which will be worth around Rs 1 trillion
Icra Ratings yesterday sharply cut India's GDP forecast amid the Covid-19 crisis. The rating agency now expects the economy to grow at just 2 per cent in the current fiscal
Investors will also react to Markit Services PMI data for March which was released yesterday, and, according to the monthly survey, India's services sector contracted in March to 49.3
Reliance Industries will be in focus today after the oil to telecom conglomerate yesterday said the company's board has approved a proposal to raise Rs 25,000 crore through non convertible debentures
Indian indices fall 4%; gloom prevails in other global markets also after Trump's dire warning
Starting today, automobile companies will starting releasing sales numbers for March. According to a Business Standard report, these auto sales for the month could see a 50 per cent YoY
The Sensex gained 1,028 points to end at 29,468, while the Nifty50 gained 317 points to end at 8,598
According to analysts, the extreme volatility seen in the Indian equity markets is unlikely to change anytime soon and traders should minimise the risk by opting for hedged options strategies