Gillette had a brush with gains in early trades on Friday after lowering losses for the fourth quarter and recording a net profit for the full year.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
Markets end in green with auto, banks on a steady climb.
The combined profit before tax of 748 companies, which have declared their results for Q1FY21, is down 46 per cent YoY. Their net sales went down by a quarter as the Covid-19 lockdown led to a sharp fall in economic activity.
The S&P BSE Midcap and the S&P BSE Smallcap indices slipped in red to shed over 1% each
Vodafone Idea Ltd (VIL) CEO Ravinder Takkar did some plain speaking. In an analyst call after its quarterly results recently, Takkar said that the main stumbling block to raising fresh capital from investors is "pricing" - telecom tariffs, in other words. Nine months ago, the telecom company's board had cleared a proposal for raising Rs 25,000 crore from investors, after the promoters made it clear that they were not ready to pump in more money. But potential investors are concerned that without clarity on tariff hikes (there have been none for more than 18 months) they might just lose their money. The lack of visibility on raising tariffs has also impelled VIL to request the Department of Telecom (DoT) for a fresh reprieve by extending the two-year moratorium on paying its spectrum instalment of Rs 8,200 crore for another year till FY23.
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
To meet the revised estimates for 2019-20, the central government will have to garner Rs 5.03 trillion in total revenues in March, which has seen the worst phase of the coronavirus pandemic so far and the resultant lockdown.
In recent past, midcap stocks have performed well, say experts.
Sustained selling pressure in the market saw the index slide to a low of 10,064 - down 121 points from the peak.
Reliance announced a rights issue of Rs 53,125 crore, which it said was the biggest in India.
Adani Ports, HUL and L&T gained the most, while ICICI Bank, ONGC, GAIL and Tata Steel lost the most
In line with Sensex, the broader indices also saw hefty losses. Large cap index tumbled 0.79 per cent, midcap 0.87 per cent and smallcap 0.57 per cent.
The S&P BSE Sensex surged 160 points to close at 25,262.
Wokhardt Life Sciences surged on Tuesday after the company's results indicated that it had soared strongly into the black from losses in the previous corresponding quarter.
Due to tax associations with the fiscal-ending, April is a month of SIP renewal. So, the April numbers will be important and may perhaps, mark a change in retail attitude.
India showed revival signs in the March quarter.
Twitter's user base grew by only five million in 2015.
Sensex ends in green on boost from bluechip stocks.
Stellar rally in ITC shares along with strength in the Asian equities capped the downside.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers
The S&P BSE Sensex has gained 149 points to open at 25,802.
BlackBerry has no plans to sell its devices business even as the Canadian smartphone maker faces losses and inventory pile
'Banks have to be braver, willing to take more risks and give confidence to the customer,' observes Joydeep Ghosh.
Benchmark indices finished higher on hopes of economic reforms
The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.
Markets ended weak tracking the expiry of April derivative contracts.
Broader market underperformed with the BSE Midcap and the BSE Smallcap indices losing up to 0.2%
He said unwarranted rumour-mongering, speculation, and bear hammering of all Reliance Group companies shares over the last few weeks had caused grave damage to all our stakeholders.
iPhone will have to break Android's domination to make India the next China for Apple
India's telecom sector has been through dizzying peaks, troughs, policy U-turns, court battles, brutal competition, and daily controversies. India could go back to a private sector duopoly with just Reliance Jio and Bharti Airtel surviving the mayhem. The third player, Vodafone Idea, could be history.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
Recovery seen in Q4, companies continue to focus on enhancing cash flow
According to analysts, IT firms like Infosys, TCS and HCL Technologies are likely to benefit the most on account of larger US exposures and dollar billing.
Price cuts post the November GST rate rationalisation helped improve volume growth for HUL, what pegged back sales for ITC is adverse social media rumours against Aashirvaad atta, its single-largest FMCG brand.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
Brokerage firm CLSA says in its interactions with government officials, measures such as the dollar-deposit scheme were under consideration.
'The economy needs to deliver the expected 7.5% growth for the markets to deliver better than single digit returns.' 'Any disappointment in growth can see the markets correcting downwards.'
RIL's profit before interest and depreciation increased by 8%.
