MARKET LIVE: Sensex dips 200 pts, slips below 31k; auto stocks drag

Mary P. Humphrey

Indian markets declined in Friday’s early discounts, pulled down by auto and lender shares, amid blended worldwide cues.

The S&P BSE Sensex gave up 31,000 just after sliding 236 details and the Nifty50 index was underneath nine,one hundred concentrations. Mahindra & Mahindra (down two%) and ITC (down one%) had been the prime Sensex losers when ONGC attained two for each cent. Biocon dipped two for each cent just after its Q4 internet profit declined forty two.two for each cent to Rs 123 crore on y-o-y basis.

Craze among Nifty sectoral indices was largely negative, led by Nifty Automobile index, down

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Stocks to watch: OMCs, SBI Life, YES Bk, Adani Ports, Kansai Nerolac, HDFC

Mary P. Humphrey

At 08:forty one am, Nifty futures on the Singapore Exchange (SGX) have been investing .30 details reduced at 9,208.30, indicating a muted start off for the Indian sector on Wednesday.

This is a search at the stocks that may well keep on being in concentration today –

OMCs: Using a cue from states, the Centre introduced a single of the steepest hikes in duties on petrol and diesel in the the latest previous, by raising it by Rs 10 and Rs thirteen for every litre, respectively, in a notification issued late on Tuesday. Oil marketing firms (OMCs) this kind of

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Stocks to watch: Banks, NBFCs, Marico, liquor stocks, Lupin, RBL, ICICI Bk

Mary P. Humphrey

At 08:forty eight am, Nifty futures on the Singapore Trade (SGX) had been buying and selling 98.35 factors or 1.06 for each cent higher at 9,384.twenty five, indicating a positive start out for the Indian industry on Tuesday.

Here’s a search at the stocks that may perhaps trade actively in present-day buying and selling session –

Banking companies, NBFCs: With more extension of the nationwide lockdown, the RBI is taking into consideration a proposal for extending the moratorium on bank financial loans by a different three months to assistance persons and industry impacted by the ongoing lockdown to include COVID-19.

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Stocks to watch: Hindalco, Motherson Sumi, Wipro, Metropolis Healthcare

Mary P. Humphrey


At 08:36 am, Nifty futures on the Singapore Exchange (SGX) were trading 180.80 points or 2 per cent higher at 9,209, indicating a gap-up start for the Indian market on Wednesday.


Here’s a look at the top stocks that may remain in focus today –



Wipro: Wipro is slated to announce its March quarter results (Q4FY20) later in the day. Most brokerages expect the company’s revenue growth to come in at the lower end of the guided range of 0-2 per cent in the constant currency (CC) terms. READ MORE


Info Edge:

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As lockdown hits supply, dal millers want govt to release NAFED stocks

Mary P. Humphrey

As the scarcity of uncooked materials, triggered by the lockdown, starts to hurt pulses processors, dal millers want the Federal government to launch the shares held by NAFED to guarantee that materials are taken care of.

“Millers have began dealing with a scarcity of uncooked material. Farmers are holding on to their deliver owing to absence of transport and there is barely any trading in APMCs,” claimed Suresh Agarwal, President of Indore-centered All India Dal Mills Affiliation. “The Federal government must start releasing the shares to guarantee that factories maintain processing the pulses,” he claimed.

Agarwal claimed a segment of

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