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Market Wrap, May 7: Here's all that happened in the markets today

Bank of England's statement that Britain could be headed for its biggest economic slump in over 300 years due to the coronavirus lockdown also weighed on the investor sentiment

MARKETS: Sensex down 242 pts, Nifty ends at 9,199; FMCG, financials decline

All that happened in the markets today

Hindustan Unilever ends 1% lower after GSK sells stake in open market deal

According to the term sheet, an over 133 million shares - 5.7 per cent of the total equity shares - are being offered in the range of Rs 1,850-1,950 to investors through a special block window.

Paint stocks trade weak on concern of demand destruction in near term

Asian Paints, Berger Paints India, Kansai Nerolac Paints and Akzo Nobel India slipped in the range of 2 per cent and 5 per cent on the BSE.

After a weak April, cement demand to fall by 10-12 per cent in FY21

Experts say that the cement demand during the first quarter of the financial year is typically led by housing (60-65 per cent), followed by infrastructure segment (20-25 per cent).

YES Bank logs Rs 2,629 cr net profit in Q4 on one-time gain; stk jumps 20%

The earnings were better than what most of the analysts had expected. Kotak Securities, for instance, estimated the private lender to log net loss at Rs 4,404.4 crore in the quarter under review

AU Small Finance hits new low, slips 14% in 4 days post March qtr results

Analysts believe the bank will be unable to maintain high AUM growth and will likely see a sharp rise in credit cost & deterioration in incremental deposit mix, amid the current lockdown

Varun Beverages extends fall, slips 7% on weak volume growth in March qtr

Organic volumes for the company got severely impacted in the last 10 days of March due to the spread of Covid-19 and the subsequent lockdown restrictions, the company said.

HCL Tech Q4 net up 22.8% yoy at Rs 3,154 crore; announces dividend of Rs 2

Earnings before interest and taxes (EBIT) stood at Rs 3,881 crore while EBIT margin came in at 20.9 per cent.

All you wanted to know about support and resistance levels

Better the hold on Fibonacci Retracement, Moving Averages and Trednline, the trading bets become more convincing

Stocks to watch: HUL, Maruti, YES Bank, HCL Tech, RBL Bank, Cyient

Here's a look at the top stocks that may trade actively in today's session -

Market Ahead, May 7: Top factors that could guide markets today

Hindustan Unilever will be in focus today as UK-based GSK will offload shares worth Rs 26,000 crore in the FMGC major

Volume worries to keep Container Corporation stock under pressure

Purchase of land from railways and delay in divestment add to uncertainty

ITC shares fall 6% amid concerns on stake sale, possible tax hikes

Shares of Axis Bank also fell as much as 5.4 per cent, but recouped most of the losses to end just 0.2 per cent lower

GSK to offload HUL stake worth Rs 26,000 cr in largest secondary sale

Over 133 million shares, or 5.7% of the paid-up capital, are being offered for Rs 1,850-1,950 to investors through a special block window

World shares mixed amid hopes for business pickup, weak economic data

The safe-haven Japanese yen and dollar rose on data showing US private payrolls tumbled to a record 20.2 million in April

Rating disruption due to moratorium will pinch markets: Raters to Sebi

Extension of moratorium also discussed with Sebi

Franklin chief says tightening of unlisted debt added to pressure

Sebi regulations required fund houses to cap exposure to such papers at 10% of scheme assets

Sebi asks 8 entities to make open offer to Kanchan Int'l shareholders

The entities have been asked to make the open offer within 45 days from the date when the coronavirus-induced lockdown would be lifted

Sebi eases compliance requirement for rights issues amid lockdown

It said the abridged letter of offer, application form and other issues material to shareholders can be undertaken by electronic transmission as already provided under the ICDR norms