Key highlights on share market; check the latest stock market news
-Sensex closed 232 points higher at 31,685 and Nifty climbed 65 points to 9,270.
-Rupee ended 13 paise higher at 75.75 per dollar on Wednesday as against the last closing of 75.62 per dollar.
-On a net basis, FIIs sold 494 crore and DIIs bought Rs 332 crore worth equities on Wednesday's trade.
Q4 Earnings:
-SKF India, HCL Technologies, Cyient, Gillette India, RBL Bank, 5paisa Capital, Cigniti Technologies, ICICI Securities, Solara Active Pharma are the companies scheduled to post their quarterly earnings today.
-YES Bank, Adani Enterprises, JM Financial, Kansai Nerolac Paints, TCI Developers, DG Content reported their quarterly results yesterday.
Maruti Suzuki: Company plans to start production of vehicles at Manesar facility from May 12, 2020.
Dr Reddy Laboratories: The company received US FDA approval for Celecoxib Oral Solution which is indicated for the acute treatment of migraine.
TVS Motor Company: The company has commenced its operations in India across all factories in Hosur, Mysuru and Nalagarh.
Siemens: Company board plans to consider second quarter results on May 13, 2020.
Aster DM Healthcare: Aster Clinical Lab LLP (Aster Labs), the diagnostics arm of Aster DM Healthcare, has started providing RT-PCR confirmatory test service for Covid-19 in Bengaluru.
YES Bank Q4: Lender reported standalone net loss of Rs 16,418.02 crore for the financial year ending March 31, 2020 as against a profit of Rs 1,720.27 crore at the end of financial year 2018-19. Net Interest Income (NII), declined to Rs 6,805 crore during FY20, as compared to Rs 9,809 crore reported during the previous financial year.
JM Financial Q4: The company reported 1.49% rise (YoY) in consolidated net profit to Rs 130 crore during the quarter ended March 31, 2020 as against Rs 128 crore, recorded in a year-ago period. Its total income rose 6.12% (YoY) to Rs 840 crore in the January-March quarter of the current fiscal as compared to Rs 792 crore in the same period last financial year.
Kansai Nerolac Paints Q4: The company reported 23 % fall (YoY) in consolidated net profit to Rs 65 crore during the quarter ended March 31, 2020 as against Rs 85 crore, recorded in a year-ago period. Total income rose 11.6% (YoY) to Rs 1080 crore in the January- March quarter of the current fiscal as compared to Rs 1221 crore in the same period last financial year.
TCI Developers Q4: The company reported 42% fall (YoY) in consolidated net profit to Rs 0.36 crore during the quarter ended March 31, 2020 as against Rs 0.636 crore, recorded in a year-ago period. Its total income fell 5% (YoY) to Rs 2.47 crore in the January-March quarter of the current fiscal as compared to Rs 7.5 crore in the same period last financial year.
Adani Enterprises Q4: The company reported 78% fall (YoY) in consolidated net profit to Rs 61 crore during the quarter ended March 31, 2020 as against Rs 283crore, recorded in a year-ago period. Its total income rose 1.67% (YoY) to Rs 13,698 crore in the January-March quarter of the current fiscal as compared to Rs 13,472 crore in the same period last financial year.