Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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May 05, 2022

• Ø Future Retail MD Rakesh Biyani steps down, Company Secretary resigns
• Ø Piramal Enterprises gets Board nod to raise up to Rs 700 cr through issue of bonds
• Ø Tata Premier League: Tata Steel beats TCS in net score
• Ø Eveready Industries shareholders approve appointment of Suvamoy Saha as MD
• Ø Good Glamm is in talks to buy Raymond’s consumer care business
• Ø NSE-BSE bulk deals: Sunil Singhania's Abakkus buys 20 lakh shares of J Kumar Infraprojects
• Ø Repo rate hike to put brakes on auto industry growth: FADA
• Ø State-run general insurers to hire consultant for revamp
• Ø Tata Consumer Products to get into home and personal care through acquisition led strategy
• Ø Tata Technologies, industry partners to set up common facility in EV domain
• Ø SJVN awards contract for 1,000 MW project to Tata Power Solar Systems
• Ø UPL acquires new naturally-derived fungicide
• Ø Hero MotoCorp sees strong quarter ahead driving on wedding sales, harvest
• Ø Govt data shows surge in people dying without any medical attention in 2020
• Ø India's Russian oil import 'minuscule', must not be politicised: Govt
• Ø Adani, JSW groups submit non-binding bids to acquire Ambuja Cements
• Ø Higher interest rates won't hurt us now as they did in past: Tata Steel MD
• Ø Open to acquisitions in renewable if valuations are right: JSW Energy Jt MD
• Ø LIC IPO subscription to stay open on Saturday for retail investors
• Ø IndiGo pilots under scanner for using expletives on radio during flight
• Ø State govts' borrowings to be lower by Rs 50,000 crore in Q1: ICRA
• Ø Power giant NTPC rushing back to coal as India's energy crisis worsens
• Ø Real estate well-positioned to manage any rate hike: Developers
• Ø LIC IPO: Policyholders’ portion oversubscribed; overall subscription at 67% on day 1
• Ø Commercial LPG price hiked by Rs 102.50/cylinder
• Ø Ahead of IPO, Delhivery reduces issue size by 30%: Softbank, Carlyle cut OFS portions
• Ø IRDAI panel suggests ‘micro insurance’ modules for low-income group, small businesses
• • RBI Roils Markets With Surprise India Rate Hike Before Fed
• o 10- year bond yields surge 30 basis points to most in 3 yrs
• • LIC IPO Two-Third Sold on Day One of Biggest India Offer
• • India Wants Russia to Discount Its Oil to Below $70 a Barrel
• o State refiners can take 15 mln barrels a month of the oil
• • India Mulls Wheat Export Curbs in Latest Food Supply Squeeze
• o Wheat Production Seen Falling to 105M Tons in 2021-22
• • Wheat Surges as India Considers Limits on Grain the World Needs
• • India’s Services Exports at Record $254B in 2021-22
• o India’s Overall FY22 Exports at $676.2B
• • RBI Rate Increase to Hurt Auto, Realty Sectors: HDFC Securities
• • India Wants Cheaper Russian Oil; European Union Ban
• • BRICS 1Q GDP Forecast Declines in Past Week; India Seen at 3.9%
• • Global Funds Sell Net INR32.9B of India Stocks Wednesday: NSE
• o Domestic funds buy net 13.4b rupees of stocks
• • Foreign Investors Buy Net INR13.3B of Indian Equities on May 2
• • Foreigners Sell Net INR28.5B Indian Equity Derivatives Wednesday
• • 10:30am: S&P Global India PMI Services for April, prior 53.6
• • 10:30am: S&P Global India PMI Composite for April, prior 54.3
• • ABB India (ABB): 1Q Net Income 3.73b rupees vs. 1.41b y/y, estimate 1.32b; Revenue +21% Y/y to 19.7b
• • Adani Total Gas (ATGL): 4Q Net Income 810.9M Rupees Vs. 1.44B Rupees Y/y; Revenue +74% to 10.7b
• • Deepak Nitrate (DN): Deepak Nitrite 4Q Net Income Misses Estimates
• • Havells India (HAVL): 4Q Net Income +17% Y/y 3.53b rupees, Beats est. 3.39b
• • IndusInd Bank (IIB): Says Girish Koliyote Resigns as Company Secretary
• • Matrimony.com (MATRIM): To Consider Shares Buyback Proposal on May 12
• • Oracle Financial (OFSS): 4Q Net Income 4.82B Rupees Vs. 4.6B Rupees Y/y
• • Rain Industries (RINDL): 1Q Net Income 2.77B Rupees Vs. 2.06B Rupees Y/y
• • Tata Consumer (TATACONS): 4Q Net Income 2.18b rupees vs. 539m rupees y/y, Beats est. 2.41b; Revenue +4.6% to 31.8b