Sensex recovers 600 pts from day's low, ends 223 pts up; FMCG, pharma rally

All that happened in the markets today

2:24 PM

MARKET CHECK :: Indices at day's high

2:16 PM

Pharma shares in focus: Cipla, Aurobindo Pharma hit 52-week high

Among individual stocks, Dr Reddy’s Laboratories, Aurobindo Pharma, Divis Laboratories, Biocon, JB Chemicals & Pharmaceuticals, Caplin Point Laboratories, Aarti Drugs, Indoco Remedies, RPG Lifesciences and Glenmark Pharmaceuticals were up in the range of 3 per cent to 5 per cent on the National Stock Exchange (NSE). READ MORE

2:11 PM

Rupee Closing

>> Rupee closes higher at 75.61 per US dollar vs Thursday's close of 75.76/$

2:04 PM

BUZZING STOCK | Concor gains 6%

1:54 PM

Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July

In February, Finance Minister Nirmala Sitharaman had announced the second tranche and last week Edelweiss AMC, the fund manager, said it would issue Rs 3,000 crore, with a greenshoe option of Rs 11,000 crore. AK Capital is also closely working on the issue as an advisor to the government, which in a video call last week gave the go ahead for the second tranche of the ETF. READ MORE 

Radhika Gupta, CEO, Edelweiss MF, flanked by Nitin Jain, CEO, Edelweiss Global Investment Advisors and Hemant Daga, CEO, Global Asset Management in Mumbai | Photo: Kamlesh Pednekar

1:46 PM

ABFRL: Multiple headwinds likely in near term, investors advised caution

The Aditya Birla Fashion Retail (ABFRL) stock jumped 9 per cent on Thursday after the firm announced deleveraging and cash generation plans that include a rights issue, liquidating inventory, and cutting capital expenditure by 60-70 per cent in FY21. Net debt, which had decreased from Rs 1,891 crore in FY18 to Rs 1,645 crore in FY19, surged to Rs 2,516 crore in FY20. READ MORE

1:36 PM

Q4FY20 GDP | India's economy may have grown at slowest in 2 years: Poll

Gross domestic product data out later on Friday is expected to show the country's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment.

 

The median forecast from a Reuters poll of economists put annual economic growth at 2.1% in the March quarter, lower than 4.7% in the December quarter. Forecasts ranged between +4.5% and -1.5%. READ MORE

1:29 PM

BUZZING STOCK | Adani Enterprises rises 7%

1:26 PM

Govt mulling more policy action for NBFCs, regulatory changes for markets

The Narendra Modi government is considering additional policy measures for non-banking financial companies, and regulatory changes to ensure the stability of the financial system, Business Standard has learnt. This comes after Finance Minister Nirmala Sitharaman interacted with the country’s top regulators at a meeting of the Financial Stability and Development Council on Thursday. READ MORE

1:20 PM

US to announce 'certain decisions' on China: Donald Trump

The US would announce "certain decisions" on China on Friday, President Donald Trump has said as he emphasised that Beijing should have stopped the coronavirus at the source. Led by the US, several countries in the world have blamed China for the spread of coronavirus and its failure to provide timely information about the disease, leading to the death of over three lakh people and causing an unprecedented economic crisis. READ MORE

1:16 PM

MARKET CHECK | Top 5 gainers on the BSE at this hour

1:02 PM

MARKET UPDATE :: RIL-RE slumps over 6% on last day of trade

12:56 PM

MARKET CHECK

12:49 PM

NEWS ALERT :: SC agrees to hear Cyrus Mistry’s plea of proportionate representation for Pallonji Group on Tata Sons board

>> Plea seeks representation on Tata Group's board proportionate to 18.4% holding of Pallonji Group

>> Seeks removal of affirmative vote in hands of select Tata Sons' directors

(As reported by CNBC TV18)

12:44 PM

SECTOR WATCH:: OMCs gain

COMPANY NAME	LATEST	HIGH	CHG(%)
O N G C	79.15	79.85	0.38
I O C L	79.65	79.95	2.51
H P C L	196.65	196.95	5.73
B P C L	336.95	337.75	3.41