EOD update 02-05-2019

Gold falls to one-week low as Fed ambiguity clouds rate-cut bets
Spot gold shed 0.2 percent to $1,274.50 per ounce as of 0403 GMT, having fallen to $1,272.14, its lowest since April 24, earlier in the session.

Asia’s economies can fight off trade war: Report
The biggest risks remain an escalation of trade tensions, a sharper global slowdown and financial market volatility.

Americans are more optimistic about economy
The Conference Board said on Tuesday its index of consumer confidence rose to 129.2.

Buzzing stocks: YES Bank, RPower, Jet Airways, RCom, Maruti Suzuki
The NSE Nifty index was trading 20.10 points down at 11,728.05.

DCM Shriram, Cochin Minerals among top gainers on BSE
Among the 50 components in the Nifty index, 25 shares were trading in the green, while 25 were in the red.

Google Will Now Auto-Delete Some User Data — If You Ask
Google has struggled to convince customers, regulators that it respects their privacy and keeps data it collects on people safe.

GST Collection For March Hits A New Record At Rs 1.13 Lakh Crore
GST collection for March jumps 10.05 over the previous year to Rs 1.13 lakh crore.

Reliance, SBI Mutual Fund write down NAVs of some plans
The net asset values (NAVs) of some schemes in the debt and hybrid categories of Reliance Mutual Fund and SBI Mutual Fund dipped by 0.88% to 3% on May 28.

Share market update: Nifty Pharma index down; Biocon slips 3%
The Nifty Pharma index was trading 0.26 per cent down at 9377.65 around 10:43 am.

SEBI working on stricter directives post recent MF defaults & share pledge issues.

Britannia Consolidated March 2019 Net Sales at Rs 2,798.96 crore, up 10.3% Y-o-Y

JBF Industries declines nearly 5% on CEO, CFO resignation
Arun B Shah resigned as CEO and CFO of the company w.e.f. May 01, 2019

InfoBeans Tech Standalone March 2019 Net Sales at Rs 24.98 crore, up 16.95% Y-o-Y

Vegan Burger Company Beyond Meat Prices IPO At $25 A Share

At this price, Beyond Meat raised around $240 million at a $1.5 billion valuation, including underwriters’ options.

Bandhan Bank Q4 profit jumps 67.81% YoY to Rs 651 crore
Net interest income (Nll) for the quarter increased 45.60 per cent to Rs 1,258 crore from Rs 864 crore in the corresponding quarter last year.

Dabur’s profit falls 6.4% YoY to Rs 371.49 crore in March quarter
Dabur’s total expense was Rs 1,729.59 crore as against Rs 1,603.56 crore a year ago, up 7.85 per cent.

Radico Khaitan Standalone March 2019 Net Sales at Rs 509.98 crore, up 6.08% Y-o-Y

Tanla Solutions Standalone March 2019 Net Sales at Rs 265.70 crore, up 48.22% Y-o-Y

Kansai Nerolac Standalone March 2019 Net Sales at Rs 1,153.16 crore, up 4.49% Y-o-Y

Tribunal Allows Banks To Declare IL&FS Loan As Non-Performing Asset

The next hearing on the matter is scheduled for May 21.

Bandhan Bank waiting for NCLT nod for Gruh merger: Chandra Shekhar Ghosh
Growth in advance, controlling NPAs and 99.30% on-time repayment rate of customers led to growth.

Ajay Shah, relative, ‘fraudulently misused’ confidential NSE data: SEBI
SEBI’s initial investigation report found that NSE had overlooked its subsidiary IISL, which did similar work.

Tata Motors Domestic Sales Decline 20% In April, Exports Plunge 53%

Tata Motors sales of commercial and passenger vehicles declined 20 per cent in April to 42,577 units compared with 53,511 units sold in the same month last year as weak consumer sentiment

Mahindra & Mahindra Sales Fall 9% In April

Mahindra & Mahindra said the ongoing elections in the country impacted its sales, however described it as “a temporary phenomenon”.

R Systems Intl Standalone March 2019 Net Sales at Rs 93.11 crore, up 34.57% Y-o-Y

Indigo Joins Likely Bidders For Thomas Cook Airline: Report

Thomas Cook’s airlines business consists of Germany’s Condor, as well as British, Scandinavian and Spanish operations.

ED files charge sheet against Zakir Naik in Mumbai
The agency filed the prosecution complaint under the Prevention of Money Laundering Act (PMLA) before a special court in Mumbai and said it has identified proceeds of crime worth Rs 193.06 crore.

Laurus Labs Standalone March 2019 Net Sales at Rs 617.64 crore, up 13.01% Y-o-Y

IRB InvIT Standalone March 2019 Net Sales at Rs 146.34 crore, down 6.06% Y-o-Y

JM Financial Standalone March 2019 Net Sales at Rs 34.59 crore, down 56.62% Y-o-Y

JM Financial Consolidated March 2019 Net Sales at Rs 944.53 crore, up 1.28% Y-o-Y

Intl Paper APPM Standalone March 2019 Net Sales at Rs 375.39 crore, up 10.5% Y-o-Y

Container Corporation Jan-Mar net profit up 21% to Rs 352 crore
Its total expenses during the quarter were at Rs 1,479.46 crore.

SEBI ordered OPG to pay more than Rs 15.57 crore.

Economy Appears To Have Slowed Down, Says Finance Ministry

India’s economy appears to have slowed down slightly in 2018-19, department of economic affairs under the Ministry of Finance said in a monthly economic report for March 2019.

LT Infotech Q4 profit grows 31% YoY to Rs 378.5 crore

Air traffic growth hits 5-yr low in FY19 at 11.6%; cargo at 6%

Tata Power Q4 net drops 92% to Rs 107.32 cr; declares dividend of Rs 1.30/share

Four senior NSE officials stare at 2-year suspension in colocation case

Bombay Dyeing posts net profit of Rs 1,253.33 cr in March quarter

Laurus Labs net profit down 4 % at Rs 43.2 Cr in Q4

Foreign Investors In NSE Urge Bourse Not To Challenge Fine

NSE said it was reviewing the order and taking legal advice before deciding whether to appeal to the Securities Appellate Tribunal.

ED attaches over Rs 70L assets in Delhi linked to Hafiz Saeed, Pakistan-based group Falah-e-Insaniyat

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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