Wednesday, 28 April 2021

29th April, 2021 Morning Brief

Market will open with a gap up today continuing yesterday's rally. 

The Federal Reserve left rates unchanged Wednesday, and appears to be in no rush to rein in its accommodative stance even as vaccine rollouts and fiscal stimulus have bolstered the recovery.

The US S&P 500 slipped into the red Wednesday after hitting record intraday highs as the Federal Reserve left rates steady and signaled ongoing support for the recovery. The S&P 500 closed 0.05% lower after hitting a intraday record of 4,201.85. The Dow Jones Industrial Average fell 0.48%, or 164 points, and the Nasdaq Composite was down 0.3%.


🎯 News & Impact 🎯

Major Result Today : Hindustan Unilever, Bajaj Auto, Titan Company, Ambuja Cements, Aavas Financiers, L&T Finance Holdings, Laurus Labs

🎯 Tata Communications : The company posted profit at Rs 299.23 crore in Q4FY21 against loss at Rs 274.99 crore in Q4FY20, revenue fell to Rs 4,073.25 crore from Rs 4,397.89 crore YoY.

🎯 Security and Intelligence Services (India): The company reported profit at Rs 102.2 crore in Q4FY21 against loss of Rs 3.9 crore in Q4FY20, revenue increased to Rs 2,445.2 crore from Rs 2,209.7 crore YoY.

🎯 KSB : The company reported higher profit at Rs 43.9 crore in Q4FY21 against Rs 10.9 crore in Q4FY20, revenue jumped to Rs 381.6 crore from Rs 257 crore YoY.

🎯 Bombay Dyeing & Manufacturing Company : The company reported loss at Rs 166.74 crore in Q4FY21 against profit at Rs 48.57 crore in Q4FY20, revenue rose to Rs 497 crore from Rs 313.1 crore YoY.

🎯 GHCL : The company reported higher profit at Rs 104.19 crore in Q4FY21 against Rs 79.89 crore in Q4FY20, revenue rose to Rs 813.82 crore from Rs 733.17 crore YoY.

🎯 KPIT Technologies : The company reported profit at Rs 47.04 crore in Q4FY21 against Rs 42.97 crore in Q3FY21, revenue rose to Rs 540.3 crore from Rs 517.2 crore QoQ.

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