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Closing Bell: Sensex, Nifty End Lower For The Second Straight Day
Indian equity benchmarks extended declined for the second straight trading session, led by mix earnings reaction and the political uncertainty in Karnataka
The S&P BSE Sensex closed 0.4 percent lower at 35,387.88, while the NSE Nifty 50 Index closed at 10,741.10 , down 0.6 percent.
The market breadth tilted in favour of sellers. Seven out of 11 sectoral gauges compiled by NSE fell, led by NSE Nifty PSU Bank Index's 3.1 percent decline. On the flipside, NSE Nifty Realty Index was the top sectoral gainer, up 2.1 percent.
TeamLease Services Swings After Q4 Results Announcement
Shares of the human resource service provider swung between gains and losses and traded at Rs 2,754. The company announced its results for March quarter.
Key earnings highlights (Q4, QoQ):
Net Profit up 15.3 percent Rs 21.2 crore.
Revenue up 6.5 percent Rs 977.5 crore.
Ebitda down 9.2 percent at Rs 22.8 crore.
Margin at 2.3 percent versus 2.7 percent.
Century Plyboard Extends Decline After Q4 Profit Declines
Shares of the plyboard maker extended decline for the second straight trading session and fell as much as 8 percent, the most since November 2016 to a six-month low at Rs 279.45. The company’s profit declined 36 percent on a yearly basis.
Key earnings highlights (Q4, YoY):
Net Profit down 36 percent at Rs 35.7 crore.
Revenue up 11.4 percent at Rs 544 crore.
Ebitda down 0.6 percent at Rs 83.1 crore.
Margin at 15.3 percent versus 17.1 percent.
Pranjul Bhandari, Chief India Economist At HSBC Speaks To BloombergQuint
Key highlights from the conversation:
Oil price hike, widening dollar liquidity require RBI action now.
Core normalisation will lead to inflation this year.
Food inflation a story to look for in second half of the current financial year.
See inflation higher at 5.1 percent this year.
Estimate current account deficit at 2.3 percent of GDP due to higher oil prices
Elections, higher oil prices, uncertainty in GST collections risk to attain fiscal deficit target of 6 percent.
Power Lunch: The Race For Essar Steel, Brokerages Raise The Red Flag On PNB And More
TVS Motor's Profit Rises For The Fourth Straight Quarter, But Misses Estimates
Block Deal Alert: Shree Renuka Sugars
Hindalco Industries' Profit Declines The Most In Nine Quarters, Shares Fall
ITC Profit Raises For The Ninth Straight Quarter, Shares Rise
NIIT Gains After It Reports Profit In March Quarter
Shantanu Khosla, Managing Director At Crompton Greaves Consumer Speaks To BloombergQuint
ADAG Stocks Decline On Bankruptcy Process
DB Corp Swings After Profit Declines For The Third Straight Quarter
#AskBQ: Check The Strength Of Your Portfolio
Hero MotoCorp Worst Performer On Nifty
Akhilesh Maru, CFO At Shakti Pumps Speaks To BloombergQuint
Devendra Shah, CMD At Parag Milk Foods Speaks To BloombergQuint
Hot Money: Should You Accumulate Any ADAG Stock Post Big Drop?
Syndicate Bank At Nine-Year Low After Reporting Loss In March Quarter
Trend Spotting: Sirca Paints India's IPO Prospects, Parag Milk's Robust Revenue Guidance And More
Block Deal Alert: Federal Bank
Indiabulls Real Estate Gains After Buyback Plans
Market Check: Smallcap Index Recovers
Decoding Lupin's Q4 Earnings With CFO Ramesh Swaminathan
Block Deal Alert: RCom Extends Losses
The F&O Show: How is D-Street Coping With The Rising Political Uncertainty?
Tata Steel Declines Ahead of Q4 Earnings
Varun Berry, Managing Director At Britannia Industries Speaks To BloombergQuint
MRPL At Nearly 14-Month Low After Weak Q4 Results
Gaurav Mehta, Fund Manager At Ambit Asset Management Speaks To BloombergQuint
Indian Open: Will The Uncertainty In Karnataka Keep Indian Investors On Tenterhooks?
Reliance Communications Slumps 9.7% After Bankruptcy Process Begins
PNB Declines The Most In Nearly Three Months After Posting Record Quarterly Loss
Opening Bell: Sensex, Nifty Open Lower
Rupee Gains After Five-Day Weakness
Live Countdown : NIIT Q4 Performance, Investment Ideas And More
BQ Heads-Up: Who's Buying, Who's Selling? Indian ADRs Performance And More
Bond Yields Set To Gain On RBI Outlook
Brokerage Radar: PNB, Lupin, CG Consumer
F&O Cues: Recap Of May Series So Far
Bulk Deals: Sistema Shyam Teleservices Offloads RCom Shares
Earnings Reaction To Watch: PI Industries, Britannia And More
Hindalco, ITC, TATA Steel To Announce Q4 Earnings
Stocks To Watch: Lupin, EPC Industries, NTPC, RCom