We had mentioned in last week’s closing report that Nifty, Sensex were moving in tandem with global trends. The major indices tumbled and posted major losses because the US markets fell last night and premarket futures indicated further losses. On the NSE, there were 937 advances, 822 declines and 364 unchanged.
The trends of the major indices in the course of Wednesday’s trading are given in the table below:
Maruti Suzuki India reported sales of only 83,792 vehicles in March due to the COVID-19 outbreak that has dampened economic activity. Accordingly, the company said that March's sales figures cannot be compared on a YoY basis.
The government has postponed strategic disinvestment process of Bharat Petroleum Corporation (BPCL) by over a month in wake of prevailing situation arising out of COVID-19.
Uttam Sugar Mills has started production of hand sanitizers at Barkatpur unit in Barkatpur, U.P.
Camlin Fine Sciences has resumed partial operations/production at its manufacturing unit situated at Palghar, Maharashtra.
The finance committee of Grasim Industries has approved issue of non-convertible debentures (NCDs) on private placement basis, for an amount not exceeding Rs. 1,000 crore, in one or more tranches.
Bharat Electronics posted a turnover in excess of Rs. 12,500 crore (provisional & unaudited) during the FY2019-20. The company had a growth of 6% over the previous year's turnover of Rs. 11,789 crore. BEL's Order Book as on 1.4.2020 is Rs. 51,800 crore.
Wipro Ltd, Wipro Enterprises Ltd and Azim Premji Foundation, have together committed Rs 1,125 crore towards tackling the crisis arising from the COVID-19 pandemic outbreak.
Ashok Leyland has reported 90% drop in sales during March 2020 at 2,179 units as against 21,535 units in March 2019. Domestic sales dropped 91% YoY in March 2020 to 1,787 units as compared to 20,521 units in March 2019.
Eicher Motors sold 1,499 vehicles during March 2020, as against 8,676 in March 2019 registering a drop of 82.7% YoY.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: