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Market LIVE Updates: Indices trade higher with Nifty above 14,800; Tata Steel in focus –

May 07, 2021 / 07:52 AM IST

Buzzing Stocks: Adani Power, HDFC, UltraTech Cement and others that will be in focus today

May 07, 2021 / 07:27 AM IST

Follow our LIVE blog for the latest updates on the novel coronavirus pandemic and its impact

May 07, 2021 / 11:05 AM IST

Mayur Patel, Principal, Fund Manager, IIFL AMC: The disruption due to lockdowns would negatively affect most sectors. However, we believe even this disruption to be transitory. The impact should be relatively benign on consumer staples, healthcare, IT services, and other export-oriented sectors Equity markets in the US and UK have shown significant resilience while reacting to the lockdowns related to their own second and third waves. 

We prefer to look beyond this short-term bump and maintain a balanced portfolio strategy based on our SCDV (Secular, Cyclical, Defensive and avoiding Value traps) framework. This allows us to play the long-term secular themes while also capitalising on the impending cyclical uptick, which may last for a few years.

May 07, 2021 / 11:01 AM IST


The fabric and fashion retailer on May 6 reported a consolidated net profit of Rs 58.36 crore for the fourth quarter ended March 2021.

The company had posted a net loss of Rs 69.10 crore during the January-March period of the previous fiscal, Raymond said in a regulatory filing. 

Raymond was quoting at Rs 340.20, up Rs 12.05, or 3.67 percent on the BSE.

May 07, 2021 / 10:43 AM IST

Tata Motors increases passenger vehicle prices:

Tata Motors has announced that effective May 8, it will increase prices of its passenger vehicles, averaging 1.8%, depending on the variant and model.

At 10:37 hrs Tata Motors was quoting at Rs 301.90, up Rs 0.75, or 0.25 percent on the BSE.

May 07, 2021 / 10:35 AM IST

Axis Bank revises fixed deposit interest rates:

Private sector lender Axis Bank has revised interest rates on fixed deposits (FDs) with effect from May 6. Ranging from 7 days to 10 years, Axis Bank offers FDs across different tenures

Axis Bank was quoting at Rs 721.85, up Rs 6.00, or 0.84 percent on the BSE.

May 07, 2021 / 10:29 AM IST

FIIs Reduce Stake In Over 30 Companies That Rose 100-500% In FY21; Time To Book Profits?

FIIs Reduce Stake In Over 30 Companies That Rose 100-500% In FY21; Time To Book Profits?

While experts advise investors to book partial profits, they warn against the tendency to blindly follow FIIs and trim portfolios. Since consolidation in large-caps are likely in the days ahead, they…

May 07, 2021 / 10:21 AM IST

Tata Consumer shares fall post Q4 results

Tata Consumer Products share price was down over 4 percent on May 7, a day after the company declared its Q4 results.

Despite the company reporting profit of Rs 53.9 crore for the March 2021 quarter, against loss of Rs 76.49 crore in the year-ago quarter, the stock was trading in the red as the numbers missed analysts’ expectations.

Net profit of Tata Tea and Tata Salt maker dipped 44 percent sequentially to Rs 133.34 crore in the January-March period, according to exchange filing.

May 07, 2021 / 10:13 AM IST

ICICI Direct:

Despite weakness in the Dollar index, we believe the USDINR pair is trading near its support levels and a round of upsides can be seen in coming sessions. The noteworthy Put base at 74 strike makes it an important level.
The dollar-rupee April contract on the NSE was at Rs 73.96 in the last session. The open interest increased almost 2% for the May series.

May 07, 2021 / 10:07 AM IST

Rupee Opens: 

Indian rupee gained in the early trade on Friday. It opened 13 paise higher at 73.63 per dollar against previous close of 73.76, amid buying seen in the domestic equity market.

On May 6, Indian rupee ended higher by 15 paise at 73.76 per dollar versus previous close of 73.91.

May 07, 2021 / 09:58 AM IST

Gold Price Today: Yellow Metal Trades Higher, May Face Resistance Around Rs 47,800

Gold Price Today: Yellow Metal Trades Higher, May Face Resistance Around Rs 47,800

On MCX, gold has support at Rs 47,330-47,100 and resistance at Rs 47,800-48,050. For silver, support is at Rs 71,100-70,700 and resistance at Rs 72,400-72,900, say experts.

May 07, 2021 / 09:54 AM IST

UltraTech Cement to announce Q4 earnings today:

UltraTech Cement, the largest cement manufacturer in India, is expected to report more than 50 percent year-on-year growth in March quarter profit driven by revenue and operating performance.

Revenue from operations in Q4 FY21 is likely to grow in the range of 25-30 percent, with volume growth likely at over 20 percent compared to the year-ago quarter. The blended realisations could grow around 2 percent YoY but decline around a percent on a sequential basis.