5th May, 2020 Morning Brief

Market will open on with a gap up after yesterday's fall of more than 5%.

Cues from the Asia Pacific will remain lacklustre in today's trading session as most equity markets remain shut on account of a holiday.

Futures in the United States are higher after a late-session advance led to a positive close on Wall Street. Futures on the S&P 500 trade 0.3 % higher after the benchmark pared early losses to end higher by 0.4 %.

🎯 News & Impact 🎯

Major Results Today :

Adani Ports & SEZ

Results Updates :

🎯 Marico Q4FY20

Revenue falls 7 % to Rs 1,496 crore. Net profit falls 51.4 % to Rs 194 crore.                                                  Tax write-back of Rs 188 crore in the base quarter.                                Ebitda down 4.1 % to Rs 282 crore. Ebitda Margin at 18.9 % from 18.3 %.

🎯 Lupin :                                Company announced positive topline results from Phase 3 study of Single-Dose Solosec for trichomoniasis treatment. 

🎯 Nath Bio-Genes :                        Has received 92 percent of the targeted seed production from the fields. Balance 8 percent expected to be received by May 15. All plants have become fully operational.

🎯 Mindtree :                          Promoter Subroto Bagchi sold 1.34 lakh shares between April 29-30, as reported on May 4.                  Negative for the stock.

🎯 Sun Pharma :                    Promoter Raksha Valia created pledge of 3 lakh shares on April 30. Negative for the stock. 

🎯 Emami :                              Promoter Bhanu Vyapaar created pledge of 10 lakh shares on April 28. Negative for the stock.

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Edited by Sharp.