Tata Motors' stock could be active in today's session after the company announced that it has resumed operations across all its manufacturing plants in the country
Interestingly, all the 50 Nifty components have delivered positive gains during this period.
The Sensex gained for the fourth consecutive day, rising 879 points, or 2.7%, to end at 33,303, while the Nifty rose 246 points, or 2.6%, to end at 9,826
The lockdown's impact on corporate earnings will be worse than seen during the GFC, according to Nomura
The month of May saw two large share sales -Rs 25,000-crore in Hindustan Unilever (HUL), and Rs 8,400-crore in Bharti Airtel (Airtel
Compared to the March quarter last year, the ownership is higher by 140 bps
We are currently seeing a triple shock - medical shock and consequent supply shock and demand shock. Finding a medical solution to Covid-19 is going to determine the shape of the markets
Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings
The Sensex closed at 30,028, down 1,069 points, or 3.4%, and the Nifty fell 314 points, or 3.4%, to end at 8,823
The brokerage highlights how the share of Nifty companies' profit in GDP and GVA (gross added value) has been meagre and falling. From a share of 2.8 per cent of GDP, it is now at 2 per cent
Of 30 constituents, 20 declined and 10 advanced. Mahindra & Mahindra ended as the top loser on the index while telecom major Bharti Airtel was the biggest gainer
For instance, auto sales were almost zero for the month of April, and companies are still limping back to produce vehicles
Sectorally, IT stocks took the biggest knock as the Nifty IT index declined 3.5 per cent to 13,293.70 levels. Nifty Bank lost 566 points or nearly 3 per cent to 19,068.50 levels
Sectorally, banking stocks rallied the most. The Nifty PSU Bank index jumped over 6 per cent to 1,238.05 while Nifty Bank climbed over 4 per cent to 19,635
In comparison, the Nifty, Nifty MidCap 100 and BSE 500 gave returns of 14.7%, 15.4% and 14.6%
The performance of banking stocks is likely to weigh on the markets
According to data from Bloomberg, banks have seen among the sharpest cuts in target prices -- between 16 and 60 per cent.
With further extension of the nationwide lockdown, the RBI is considering a proposal for extending the moratorium on bank loans by another three months
Some believe that the best monthly performance in 11 years was on a weak footing, as it was sans any fundamental base
The benchmark indices ended marginally lower last week after sharp gains in the preceding two weeks