Sensex, Nifty volatile; Fitch reduces India ‘s outlook to negative.

0
1

Home > Markets > Live Blog > Market LIVE : Sensex, Nifty volatile; Fitch reduces India’s outlook to negative.

picture : Play Reuters
5 minutes . Update : 18. June 2020, 11:17 IST

Sharma Devanche

  • Indian stocks fluctuated between profits and losses in morning trading, amid a wave of new cases of coronavirus and a growing border dispute with China.
  • Fitch Ratings has revised the outlook for India’s rating from stable to negative, while India’s rating remains at its lowest investment level.

Welcome to Mint’s live blog. Follow this section for the latest trade show updates.

18. June 2020, 11:17:00 IST

India Cement decreased by 0.2%

The company stated that the information concerning Radhakishan Damani, which intends to acquire a majority shareholding in India Cements Ltd. is not eligible.

18. June 2020, 11:12:06 IST

Cummins India – 2% less

The company’s consolidated net profit increased in March by around 9% compared with the previous year at ₹170.24 Crore. Cummins India reported its consolidated net income on ₹156.31 for the year ended 31 December 2007. Quarter ending in March 2019.

18. June 2020, 10:56:54 IST

Indrapraparst gas decreases by 4%

India’s largest gas company announced a 12% increase in net profit in March as a result of higher gas sales. Net profit ₹252.63 increased in January-March from ₹224.72 at the same time last year, IGL reports.

18. June 2020, 10:51:25 IST

Decrease of almost 1% in STC

Tata Consultancy Services and IBM have expanded their global alliance to help customers accelerate the transformation of digital and cognitive businesses to the IBM public cloud using IBM Cloud Paks. As part of this relationship, TCS will create a division of IBM’s Enterprise Cloud Architecture, which will include technical specialists from both companies.

18. June 2020, 10:40:44 IST

Angel brokerage at Pidilith Industries

Revenue fell by 5.8% from ₹1 639.3 kronor in the same period 2018-19 to ₹1 544.7 kronor in Q4 2012. The EBITDA margin increased by 247 basis points year-on-year to 19.48%. The net result decreased by 33.0% to ₹157.5 crore as the company had taken a one-off provision of rupees for the depreciation of machinery and equipment related to the Dahej Elastomer project. 33 Cr this quarter. The PAT WO for the quarter was 253.4 Cr, against expectations of 277.2 Cr. Fourth quarter results were heavily impacted by the blockade caused by the Covida 19 pandemic and the associated supply chain disruption. Although sales growth was underestimated, the margin improved significantly, mainly due to lower production costs. Figures for the fourth quarter of the year 20 were generally in line with road estimates.

18. June 2020, 10:30.

Market update

Indian stocks fluctuated like a wave of new cases of coronavirus that raised concerns about economic recovery, while the border dispute with the Chinese army created tensions.

The S&P BSE Sensex increased by 0.3% to 33,611.52 at 10.29 a.m. after an initial decline of 0.4%. The NSE Nifty 50 index rose by 0.5% to 9,926.65 points.

View the full image

18. June 2020, 10:26:24 IST

Muthoot Finance stimulates investor morale when gold shines during thepandemic.

What should stimulate investors are the factors behind this increase in net profit. Assets under management of a South Indian creditor increased by 22% compared to the previous year, while a 15% reduction in provisions contributed to the increase in the net result. The decrease in reserves is due to the decrease in doubtful assets. (Full report)

18. June 2020, 10:09:17 IST

IRB infrastructure developers up 2%

IRB Infrastructure Developers Ltd has linked ₹6 600 crores (about $867 million) of debt financing to the purchase of tolls for the Mumbai-Puna highway, which it won at a toll auction in February, said two development conscious individuals. (Full report)

18. June 2020, 09:49:59 IST

Fitch Ratings India Forecast

Fitch revised the outlook for India to negative and confirmed the rating at BBB level.

Economic activity in India is expected to decline by 5% in the first half of 200221 .

The issue of asset quality may have a negative impact on medium-term GDP growth prospects.

18. June 2020, 09:47:31 IST

Leverage DCB 4%

The creditor stated that the amount of the overdue categories for which the moratorium had been imposed as at 31 December 2007 had not yet been paid. March 2020, ₹1 is 908.08 crore. From the 31st. In May 2020 it was reduced to ₹710 crores.

18. June 2020, 09:45:40 IST

Soybean bank up 0.2%

The public creditor stated that the bank’s profitability in the first two quarters of the current financial year could be affected by the economic slowdown caused by a national blockade to curb the spread of the coronavirus.

18. June 2020, 09:42:24 IST

India may impose restrictions on Chinese CPIs

India may limit Chinese portfolio investments in its equity markets as part of its economic response to the murder of 20 Indian soldiers in a violent skirmish with troops from a neighbouring country along the border near Ladakh. (Full report)

18. June 2020, 09:38:31 IST

Mutual finance increased by more than 7%

The company reported a 52.4% jump in consolidated net profit at ₹835.78 Growth during the last quarter of the fiscal year, which ended in March 2020, due to increased demand for gold bonds. The company’s net income for the period from January to March of the financial year ending March 2019 was ₹548.56 crore.

18. June 2020, 09:35:59 IST

Bharti Eyrtel decreases by 0.3%, Vodafone Idea increases by 0.7% compared to AGRhearing.

Today, the Supreme Court will consider the issue of adjusted gross income (AGR). Previously, the Supreme Court had required telecommunications operators to make sworn statements as to the timing of the exemption from fees.

18. June 2020, 09:24:00 IST

Market opening

India’s equity benchmarks opened lower on Thursday, following weak signals from global competitors. Sensex lost 136 points and opened at 33.371,52, while Nifty opened 14 points and opened at 9.863,25.

View the full image

18. June 2020, 09:09:39 IST

Provisional market opening

Indian stocks were in red at the opening meeting on Thursday. At 9:06 am the Sensex was 110 points, 0.33% less than the 33,397. Nifty lost 13 points, or 0.13%, to 9,868.

18. June 2020, 08:45:05 IST

Decrease in oil prices

Future contracts for U.S. West Texas Intermediate (WTI) Crude Oil fell 2.1% or 80 cents to $37.16 a barrel of 138 GMT, adding 42 cents to the loss.

Brent futures fell 1.5 percent, or 61 cents, to $40.10 a barrel. The basic contract is 25 cents lower.

18. June 2020, 08:43:09 IST

Closing on Wednesday

India’s underlying equity indices ended in the red in a volatile trading session on Wednesday as investors weighed the impact of the India-China border dispute.

After fluctuating between a profit of 1% and a loss of 0.8%, Sensex settled 97 pips or 0.3% lower at 33,507. Nifty closed with 36 points, a decrease of 0.4% compared to 9,877.

18. June 2020, 08:40:29 IST

Asian inventories decreased

Asian stocks fell on Thursday after a breakout meeting on Wall Street as a wave of coronavirus and the prospect of new locations eroded confidence in the global economic recovery.

Australia ASX All orders fell by 1.55%.

The Shanghai Southeast China Composite Index fell by 0.16%.

Hong Kong company Hang Seng declined by 0.91%.

SGX Nifty in Singapore fell by 0.7%, reflecting a weak opening of Indian equity markets.

18. June 2020, 08:40:29 IST

Wall Street Update

The S&P 500 closed lower on Wednesday as news of an increase in pandemic data and the prospect of a new round of economic blockades weakened investor optimism about signs of economic recovery.

The S&P 500 and Dow have replaced their previous successes with a three-day victory. The technical stocks allowed a modest profit on the Nasdaq.

The Dow Jones Industrial Average lost 170.37 points, or 0.65%, to 26,119.61, the S&P 500 lost 11.25 points, or 0.36%, to 3,113.49 and the Nasdaq Composite added 14.67 points, or 0.15%, to 9,910.53.

Shut up.times of india business section,money news india,india's business,financial news india,indian bf business,business news india,business stock news,nifty news