The benchmark indices settled with marginal loss in a volatile trading session. Key indices opened lower but gained the buying momentum to hit intraday day high however indices sharply cut gains in late trade. The breath of the market remained bearish. Nifty settled at.
Realty shares were the major gainer of the day while IT and Media stocks were the major losers for the day.
DuPont reported first quarter earnings that Beat analysts’ expectations on Thursday and revenue that fell short of forecasts.The firm reported earnings per share of $0.84 on revenue of $19.65B. European shares fell on Thursday as investors digested the implications of the U.S. central bank’s neutral message and mixed sets of manufacturing data from the region. European STOXX 600 index edged lower.
TVS Motor posted five per cent rise in total sales at 318,937 units in April. The company sold 304,795 units in the same month last year.
Bandhan Bank reported a 67.7 percent jump in its fourth quarter (Q4) FY19 net profit at Rs 651 crore, against Rs 388 crore in the same period last year.The gross non-performing assets (NPA) of the bank stood at 2.04 per cent in the last quarter, against 1.25 per cent in the same quarter a year ago.
DCM Shriram reported nearly six-fold jump in net profit at Rs 293 crore for the fourth quarter of last fiscal.Its net profit stood at Rs 51 crore in the year-ago period.
Maruti Suzuki India reported a slump of 17.2% in sales for the month of April 2019. The total sales volume stood at 143,245 units in April 2019. The company had sold 172,986 units in April last year.
Bajaj Auto on Thursday reported 1.96 per cent rise in total sales at 423,315 units in April. The company had sold 415,168 units in the same month a year ago
Asian markets were mixed in morning trade on Thursday following the U.S. Federal Reserve’s overnight monetary policy decision.Hong Kong’s Hang Seng Index edged up 0.4%. South Korea’s KOSPI rose 0.2%.
Australia stocks were lower after the close on Thursday, as losses in the Financials, Gold and Metals & Mining sectors led shares lower. The S&P/ASX 200 lost 0.59%. Markets in China and Japan are closed for holidays.
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