The industry believes that there would be a surge in demand for cement due to requirements of a strong infrastructure framework that the nation endeavours to put in place through its government as well as housing projects

Although the brokerage house maintained 'Outperform' rating on the stock of market leader Indigo, it has cut earnings estimates for FY20, FY21 and FY22 by 83%, 31%, and 18%, respectively.

On the Multi Commodity Exchange, Gold April 2020 Futures fell by Rs 1025 or 2.5% to 42,555 per 10 gm. On a similar note, Silver March contract also eased 1,165 points or 2.36% to Rs 48,240 per kg.

At the interbank foreign exchange the rupee opened at 71.84 and touched a high of 71.80, registering a rise of 18 paise over its previous close.

As part of transactions, NTPC will acquire 100 per cent of the issued and paid-up share capital of the NEEPCO and 74.5 per cent stake in THDC India

Imports of coking and other coal recorded a rise of 1.10% at 47.08 MT during the period

Multiple issues led to the decline in solar additions like, slowing economy, liquidity issues, tariff caps, lack of financing, payment delays, and power purchase agreement renegotiations in Andhra Pradesh

 The United States has already closed 304 out of the 530 coal fired power plants and 80 of them have been closed in Europe, said Bloomberg

Following the positive news, SpiceJet share price climbed 6.66% to intraday high of Rs 89.65 compared to the previous close of Rs 84.05 on BSE.

British-based tycoon Sanjeev Gupta's GFG Alliance has completed the takeover of Adhunik Metaliks Ltd and Zion Steel Ltd

Following the update, share price of Aurobindo Pharma formed a gap up chart pattern with the opening bell, rising 10%. Later, the stock touched an intraday high of Rs 594, rising 18.75% on BSE as against the previous closing value of Rs 500.20 on BSE.

Changes have been made in several indices including Nifty 500, Nifty 200, Nifty 100, Nifty Midcap 150, Nifty Smallcap 250 and host of sectoral indices including FMCG, IT, media, pharma, commodities and services sector.

Most leading Tata companies, including Tata Power, Tata Steel and Tata Motors, are burdened by debt, making the group overdependent on TCS, its sole money spinner

Post-acquisition, the total installed power generation capacity of JSW Energy will increase to 5,609 MW, which will further diversify its fuel mix and off-take arrangements

While the government divests its stake in LIC, it should also shoulder the responsibility of creating other huge profit-making companies with large market capitalisation, whose reserves can support the Indian economy for key investments and in times of distress as well

Share Market Update: IRCTC, P&G Hygiene, Ashok Leyland, Torrent Power, Suzlon Energy among others will announce their Q3 results today

The government's stake in the mining major has now come down to 66.14 per cent compared with 69.05 per cent

Share price of Bajaj Finance rose 1.37% to Rs 4,785.15 compared to the previous close of Rs 4,720 on BSE

Investors in lower income brackets will benefit from tax announcement as they will have to pay lower tax against 30 per cent in the earlier regime.

The top three profit making PSUs including Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation and NTPC contributed 15.3 per cent, 9.68 per cent and 6.73 per cent, respectively to the total profit earned by all profitable CPSEs.