INSUBCONTINENT EXCLUSIVE:
Nifty futures on the Singapore Exchange traded 7 points or 0.08 per cent higher at 8,896.50, indicating a flat start for Dalal Street
Here are a few stocks which may buzz the most in Wednesday's trade:
Reliance Industries:Facebook announced an investment of $5.7 billion
(Rs 43,574 crore) for acquiring a minority stake in Jio Platforms Ltd as it looks to expand presence in its largest market in terms of
ACC: Cement maker ACC reported 6.64 per cent decline in consolidated net profit at Rs 323.02 crore for the March quarter 2020, impacted by
volume decline during the lockdown last month.
MCX: After facing flak for fixing an interim settlement rate of Re 1 per barrel for crude oil
futures despite a benchmark international market rate for May 2020 contract dipping into negative zone, India's leading commodity exchange
MCX on Tuesday fixed Rs (-) 2,884 a barrel as its final due date rate for the contract that expired on Monday.
Vodafone Idea: Telecom
operator Vodafone Idea has submitted about Rs 1,367 crore to the government towards licence fee and spectrum usage charges (SUC) payment for
the March 2020 quarter.
YES Bank, IndusInd Bank: Three private sector lenders including IDFC First Bank, Yes Bank and IndusInd Bank raised
Rs 700 crore collectively via short term certificate of deposits (CDs), offering rates that did not spring any ugly surprise despite stock
market reactions to those lenders.
ICICI Bank: The private bank said it is taking steps to protect its interest regarding its exposure to a
Singapore-based oil trading company
Crude oil prices have plunged to their historic lows in the wake of the current coronavirus pandemic as demand has been severely hit due to
the almost lockdown situation all across the globe.
Manappuram Finance: Markets regulator Sebi disposed of insider trading charges against
Kotak Mahindra Life Insurance Company in the matter of Manappuram Finance.
IOC, BPCL: Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL)
are among the state-owned oil PSUs which on Tuesday resumed work on select projects after the government allowed partial relaxation in the
nationwide lockdown.
Den Networks: Cable and distribution and broadband service provider Den Networks reported a consolidated profit after
tax of Rs 22.52 crore in the fourth quarter ended March 31
The company had posted a consolidated net loss of Rs 212.82 crore in the corresponding period of previous fiscal.
Nestle India: FMCG major
Nestle India said all of its manufacturing plants have become operational but at a scaled down level due to restrictions imposed by local
authorities and state governments.
Coal India: Western Coalfields Ltd has launched a roadmap to achieve beyond 75 million tonnes of output
by FY its contribution towards the ambitious 1 billion tonnes target of parent firm Coal India.