Home > Markets > Live Blog > Sensex closes 261 points lower, Nifty at 9,200; SBI, Bajaj Finance top laggards
Investors lost  ₹5.83 trillion on Monday as Indian stock markets succumbed to selling pressures tracking global weakness and as concerns around macros weighed on sentiment. Photo: Ramesh Pathania/Mint
Investors lost 5.83 trillion on Monday as Indian stock markets succumbed to selling pressures tracking global weakness and as concerns around macros weighed on sentiment. Photo: Ramesh Pathania/Mint

Sensex closes 261 points lower, Nifty at 9,200; SBI, Bajaj Finance top laggards

  • Sensex dropped over 800 points from its day’s high to close at 31,453. Nifty dropped 88 points or nearly 1% to end at 9,205.
  • All the sectoral indices on the NSE closed in the red. Nifty PSU Bank, down 3.1%, was the worst hit, followed by Nifty Bank, Nifty Financial Services, and Nifty Pharma.

Welcome to the Mint live blog. Track this space for latest stock market updates.

05 May 2020, 03:37:24 PM IST

Market closing

After a firm opening, Indian benchmark equity indices erased all the gains and closed in the red in a volatile session on Tuesday.

Sensex dropped over 800 points from its day’s high to close at 31,453. Nifty dropped 88 points or nearly 1% to end at 9,205.

State Bank of India, declining over 4%, was the top laggard on the Sensex, followed by Bajaj Finance, Axis Bank and Asian Paints. Mahindra & Mahindra, Power Grid and ONGC were among the top gainers on the 30-share barometer.

All the sectoral indices on the NSE closed in the red. Nifty PSU Bank, down 3.1%, was the worst hit, followed by Nifty Bank, Nifty Financial Services, and Nifty Pharma.

View Full Image
05 May 2020, 03:28:30 PM IST

Asian Paints partially resumes operations at some facilities

Asian Paints on Tuesday said it has partially resumed operations at some of its manufacturing locations, warehouses and offices where lockdown restrictions have been eased.

"In accordance with the guidelines issued by the Ministry of Home Affairs and various state government authorities, the company has partially resumed operations at some of its manufacturing locations, warehouses, and offices wherein lockdown restrictions have been eased," Asian Paints said in a regulatory filing.

05 May 2020, 03:25:35 PM IST

Gold dips as risk appetite improves amid easing lockdowns

Gold prices slipped on Tuesday as the U.S. dollar strengthened and risk appetite among investors improved on optimism over easing of coronavirus-driven lockdowns by major economies.

Spot gold was down 0.2% to $1,698.92 per ounce at 0924 GMT. U.S. gold futures fell 0.3% to $1,707.50 per ounce. (Reuters)

05 May 2020, 03:19:17 PM IST

SBI Life Insurance Company's March quarter profit rises

Company’s March quarter PAT stood at 5.31 billion versus 4.58 billion a year ago. Net premium income stood at 118.63 billion versus 113.33 billion in the period under review.

05 May 2020, 02:47:47 PM IST

Hong Kong shares end firmer as city scales back lockdown measures

The Hang Seng index closed up 1.1% at 23,868.66.

The Hang Seng China Enterprises index rose 1%.

The sub-index of the Hang Seng tracking energy shares added 1.8%, the IT sector rose 1.3%, the financial sector ended 0.6% higher and the property sector closed up 0.9%. (Reuters)

05 May 2020, 02:34:23 PM IST

Bharat Forge up 3.4%

The company has partially resumed manufacturing operations at its Baramati Plant.

05 May 2020, 02:28:37 PM IST

RBI releases FAQs on cash withdrawals at PoS terminals

Under this facility, cardholders can withdraw cash using their debit cards and open system prepaid cards issued by banks in India. Credit cards cannot be used under this facility.

Cash can also be withdrawn at PoS terminals through UPI as well as through use of electronic cards that are linked with overdraft facility provided with Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts, the RBI said.

05 May 2020, 02:22:22 PM IST

BSE MidCap flat at 11,507.63 points

View Full Image
05 May 2020, 02:10:03 PM IST

Bank of China tells investors it will absorb some oil losses

Bank of China Ltd. told clients it’s willing to shoulder part of the $1 billion loss suffered by thousands of retail investors after a product linked to the price of oil collapsed last month.

China’s fourth-largest bank by market value dropped a claim to seek additional payments from clients to cover losses from its settlement of an investment product at a price below zero, mirroring a collapse in an oil futures contract, according to four retail investors who received phone calls from the lender this week. The bank will also return 20% of the initial investment to some clients, they said. (Bloomberg)

05 May 2020, 02:07:02 PM IST

Rupee closing

Rupee ends at 75.62 against the US dollar versus Monday's close of 75.71.

05 May 2020, 01:58:19 PM IST

Nifty pharma down 51 points; Top gainers

View Full Image
05 May 2020, 01:46:32 PM IST

Nifty Bank up 157 points

Top gainers on Nifty Bank

View Full Image
05 May 2020, 01:35:49 PM IST

Market update

Indian benchmark indices were in the green zone in Tuesday’s session, tracing rally in global peers.

After touching an intraday high of 32,264.00, Sensex pared some gains and was 269 points higher at 31,965.43. Nifty advanced 63 points at 9,357.15.

05 May 2020, 01:13:30 PM IST

Of 30 Sensex shares, 11 are in the red

View Full Image
05 May 2020, 01:10:32 PM IST

Adani Green Energy up nearly 1%

Adani Green Energy posted a consolidated net profit of 55.64 crore for the March 2020 quarter, helped by lower expenses.

The clean energy firm had logged a consolidated net loss of 94.08 crore in the corresponding quarter a year ago, a company statement said.

Its total income stood at 718.66 crore for the quarter under review as against 718.73 crore a year earlier.

05 May 2020, 01:05:14 PM IST

Bharti Airtel up 4%

Shares of Bharti Airtel rallied 4% at 554, on the BSE in Tuesday's session. The strong rally helped the telecom giant regain 3-trillion market capitalisation mark.

05 May 2020, 12:25:27 PM IST

Varun Beverages up 0.6%

Varun Beverages on Monday reported 549.2 million consolidated net profit in March quarter versus 406.3 million a year ago.

Company’s consolidated revenue from operations stood at 16.99 billion versus 13.81 billion rupees in the year ago period.

05 May 2020, 12:14:56 PM IST

IndiGo suspends operations till 17 May

In compliance with the DGCA circular dated 2nd May 2, the airline has further suspended the operation of all its scheduled commercial international and domestic flights until 17 May.

05 May 2020, 11:59:42 AM IST

3,900 fresh covid-19 cases reported in last 24 hours in India

India's covid-19 count saw the biggest spike on Monday as the country recorded 3,900 fresh cases in the last 24 hours. The total number of coronavirus cases in India stood at 46,433, according to the ministry of health and family welfare.

05 May 2020, 11:57:23 AM IST

Liquor prices hiked in Andhra Pradesh by another 50%

05 May 2020, 11:43:34 AM IST

Sensex up 269 points

Asian Paints, down 3.1%, is the top laggard in the 30-share barometer followed by Bajaj Finance, SBI, Nestle and Bajaj Auto

View Full Image
05 May 2020, 11:36:31 AM IST

Motilal Oswal puts 'buy' rating on Marico

Motilal Oswal has put 'buy' rating on Marico Ltd with a target price of 350.

"Marico has a more resilient portfolio of products than its peers to withstand the covid-19 led sales and earnings decline in FY21. This is possible on account of (a) recovery in Parachute volumes before the COVID-19 impact, (b) successful turnaround and strong growth witnessed in Saffola edible oils and foods, and (c) better outlook for the international business compared to peers. Further, outlook on material costs is also better than the earlier expectation of a possible inflation," the brokerage said in a note.

05 May 2020, 11:31:10 AM IST

Tata Motors up 1.2%

The company plans to raise 1,000 crore via issuance of 10,000 rated, listed, unsecured, redeemable, non-convertible debentures on a private placement basis.

View Full Image
05 May 2020, 11:20:21 AM IST

ICICI Bank up 1%

The board of directors of the bank will meet on May 9 to consider raising funds via issuing debt securities.

05 May 2020, 10:54:31 AM IST

Rupee rises 15 paise to 75.58 against US dollar in early trade

The rupee appreciated by 15 paise to 75.58 against the US dollar in early trade on Tuesday tracking positive opening of domestic equities and weakness in the American currency.

05 May 2020, 10:53:14 AM IST

Tata Steel leaves Indian Steel Association

Tata Steel Ltd has withdrawn its membership from the Indian Steel Association (ISA), an apex steel industry body.

Subsequent to it, the company's CEO and Managing Director (MD) T V Narendran has also stepped down from the Presidentship of the Association, tenure of which was scheduled to end in August.

An ISA President is elected for a period of two years.

05 May 2020, 10:48:32 AM IST

Radico Khaitan, United Spirits down

Shares or Radico Khaitan and United Spirits dropped 3% and 2.6% respectively, after Delhi government imposed 'special corona cess' on liquor on Monday.

05 May 2020, 10:35:27 AM IST

RIL up 2.5%

In less than a fortnight of unveiling Facebook Inc.’s 9.9% investment in RIL's subsidiary Jio Platforms Ltd, the company announced another small stake sale on Monday. Private equity firm Silver Lake will invest 5,655 crore in Jio Platforms for an effective 1.1% stake at an equity value of 4.9 trillion, a 12.5% premium to the Facebook deal.

05 May 2020, 10:33:12 AM IST

Most sectoral indices on NSE in the green

View Full Image
05 May 2020, 10:26:33 AM IST

BSE MidCap up 0.6%

View Full Image
05 May 2020, 10:21:31 AM IST

Lupin to announce Q4 results on 28 May

The board of directors of the company will meet on 28 May to consider and approve the audited standalone and consolidated financial results for the year ended 31 March, 2020 and recommend dividend, if any, Lupin said in a regulatory filing.

05 May 2020, 10:14:32 AM IST

Diesel priced hiked by ₹7.10 a litre in Delhi

Petrol price hiked by 1.67 per litre, diesel by 7.10 a litre in Delhi after state government raises VAT on auto fuel.

05 May 2020, 10:05:13 AM IST

JSPL reports highest ever steel exports in April

Jindal Steel & Power Limited (JSPL) on Tuesday reported highest ever exports of steel & related products during April 2020. The company exported 248,000 MT of steel & related products, up 109% (m-o-m). Export contributed to 74% of its total sales volume.

05 May 2020, 10:01:41 AM IST

India Ratings puts Shriram Transport Finance on RWN

India Ratings and Research (Ind-Ra) has placed the Company''s Long-Term Issuer Rating of 'IND AA+' on Rating Watch Negative (RWN). The Outlook was Stable. The Short-term Rating has been affirmed at 'IND A1+'.

05 May 2020, 09:57:32 AM IST

Graphite India up 3.7%

The company has started partial operations at its Graphite Electrode plant in Durgapur, West Bengal, Impervious Graphite Equipment plant in Ambad and GRP plant in Gonde, (both in Nashik, Maharashtra), engaging the permitted minimum manpower.

05 May 2020, 09:50:37 AM IST

Automotive Axles up 2.7%

The company has resumed offices and manufacturing at Rudrapur with effect from 23 April and at Mysore from 4 May with all precautionary measures including the safe distancing and criteria’s as per the government norms.

05 May 2020, 09:47:52 AM IST

Manappuram Finance up 3.3%

The lender will raise up to 500 crore by issuing debt securities, it said on Monday. The financial resources and management committee of the board of directors will consider the proposed allotment on May 8, 2020, it said in a regulatory filing.

05 May 2020, 09:44:21 AM IST

Lupin up 1.3%

The company announced positive top-line results from its pivotal Phase 3 clinical trial to assess efficacy and safety of single-dose Solosec® in treating trichomoniasis.

05 May 2020, 09:39:15 AM IST

Marico up 3%

FMCG firm Marico Ltd on Monday reported a 50.62% decline in consolidated net profit at 199 crore for the fourth quarter ended March 2020 due to COVID-19 related disruptions. The company had posted a net profit of 403 crore in January-March quarter a year ago, Marico said in a BSE filing.

05 May 2020, 09:35:49 AM IST

Colgate Palmolive up 0.5%

The company has been allowed to resume operations at reduced capacity at all of its manufacturing plants as per respective local regulations applicable to them although few plants are facing challenges of inter-districts and inter-state movement of labour, it said in a regulatory filing.

05 May 2020, 09:32:48 AM IST

Abbott India up 1%

Global healthcare major Abbott on Monday said it has received CE mark for its laboratory-based serology blood tests for covid-19 and these tests will be available in India by the end of May. The company will begin shipping the tests to India during May and will scale up to meet the demands subsequently, Abbott said in a statement.

05 May 2020, 09:31:56 AM IST

Bajaj Auto up 0.6%

Bajaj Auto Ltd will resume operations at its production unit in Chakan, outskirts of Pune, from today, according to a Mint report. “The company will resume operations by way of getting the machineries ready for production. The initial plan will be to produce for the orders it has in its funnel," the report said quoting sources.

05 May 2020, 09:25:28 AM IST

Market opening

Indian benchmark indices witnessed a firm opening on Tuesday tracking positive global cues. Sensex opened 500 points higher at 32,183 while Nifty opened 136 points higher at 9,429 from its previous close.

ONGC, Axis Bank and IndusInd Bank were top gainers on the Sensex. All the shares in 30-pack Sensex were in the green.

View Full Image
05 May 2020, 09:04:34 AM IST

Market pre-opening

Indian stocks were in the green in the pre-opening session on Tuesday. At 9:00 am, Sensex advanced 399 points or 1.26% at 32,114. Nifty climbed 191 points or 2% at 9,485.

05 May 2020, 08:38:38 AM IST

Stocks to Watch

Abbott India, Colgate Palmolive, Marico, Lupin, Ceat are among the top stocks that could be in focus in Tuesday's trading session.

05 May 2020, 08:30:04 AM IST

Markets at close on Monday

The benchmark indices on Monday posted their biggest single-day decline since 23 March while weak corporate earnings for the March quarter also led to the sharp fall.

The BSE Sensex ended at 31,715.35, down 2,002.27 points or 5.94%, while the 50-share index Nifty was at 9,293.50, down 566.40 points or 5.74%.

05 May 2020, 08:26:12 AM IST

Oil update

WTI for June delivery rose 7.3% to $21.88 a barrel on the New York Mercantile Exchange as of 10:18 a.m. in Singapore after closing up 3.1% on Monday. The contract has rallied 77% since the close on April 28.

Brent for July settlement advanced 4.6% to $28.44 a barrel on London’s ICE Futures Europe exchange after climbing 2.9% in the previous session. The global benchmark traded at a $4.37 premium to WTI for the same month.

05 May 2020, 08:26:12 AM IST

Asian stocks edge higher

Australia’s S&P/ASX 200 Index gained 1.4%.

Hong Kong’s Hang Seng Index rose 0.5%.

Singapore's SGX Nifty advanced 1.13%.

05 May 2020, 08:26:12 AM IST

US stocks close higher

Wall Street ended higher on Monday as gains in large tech and Internet companies and rising oil prices outweighed concerns sparked by fresh US-China tensions and downbeat sentiment from the annual meeting of Warren Buffett's Berkshire Hathaway.

The Dow Jones Industrial Average rose 26.07 points, or 0.11%, to 23,749.76, the S&P 500 gained 12.03 points, or 0.42%, to 2,842.74 and the Nasdaq Composite added 105.77 points, or 1.23%, to 8,710.72. (Reuters)

Click here to read the Mint ePaper Livemint.com is now on Telegram. Join Livemint channel in your Telegram and stay updated

My Reads Logout