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IMPORATANT NEWS 05/05/2020


 🔹Endurance Technologies: All operating arms in Italy except the foundry plant have resumed operations from May 4. Foundry plant expected to resume operations from May 11. All the plants shall gradually be ramping up operations to align with the off-take from their respective OEM customers.

 🔹Non-Nifty Earnings Today: SBI Life Insurance, Astec LifeSciences, NIIT Technologies, Persistent Systems, Varun Beverages, Tata Coffee, Rallis India, Elantas Beck.

 🔹Healthcare Global: Scottish Oriental Smaller Companies sold 4.52 lakh shares or 0.51 percent stake at Rs 77.08 per share in a bulk deal.
🔹Mindtree: Promoter Subroto Bagchi sold 1.34 lakh shares between April 29-30, as reported on May 4.

 ASX 200 Begins Positive (+1.53%) After The Tech And Energy-Led Rebound On Wall St But With The Tone Relatively Quiet Due To Closures In Japan, South Korea And Mainland China; Focus Today Centres On The RBA Rate Decision; Hang Seng (+0.45%)

 Pledged Share Details

 🔸Sun Pharma: Promoter Raksha Valia created pledge of 3 lakh shares on April 30

 🔸Emami: Promoter Bhanu Vyapaar created pledge of 10 lakh shares on April 28

 Who’s Meeting Whom

 🎯Manappuram Finance to meet Edelweiss AMC on May 5

 🎯Mahindra & Mahindra to meet Aditya Birla Sun Life Insurance on May 5

 Trading Tweaks

 🔸Price Band Revised To 5 Percent From 10 Percent: Tata Communications, Panacea Biotec, Finotex Chemical

 🔸Move Into ASM Framework: Sanco Industries

 🔸Move Into Short-Term ASM Framework: India Nippon Electricals

 🔸Move Out Of Short-Term ASM Framework: TV18 Broadcast, Kalpataru Power Transmission, Alkyl Amines Chemicals, Hinduja Global Solutions, TCPL Packaging, Asahi India Glass, Chalet Hotels, Prince Pipes And Fittings, Aster DM Healthcare, Capacit'e Infraprojects, Shankara Building Products, Max Ventures and Industries, Speciality Restaurants, Kiri Industries, Tanla Solutions, Mahindra Lifespace Developers, Vaibhav Global, Tourism Finance Corporation of India, KEI Industries, Welspun India, Muthoot Capital Services, Surya Roshni, Dhampur Sugar Mills, Balrampur Chini Mills, Aegis Logistics

 Money Market Update

 🔹The currency snapped a four-day gaining streak, ending at 75.73 against the U.S. Dollar as compared to Thursday's close of 75.1. This was the biggest one-day drop for the currency in a month.

 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.

 The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 1.4 percent to 9,375 as of 6:55 a.m.

 Godrej Properties is best-placed to capitalise on industry consolidation, CLSA says

 Reliance Ind should be able to achieve its target to bring down net debt by Rs 1.5 lakh cr, CLSA believes

 4Q | Jefferies revises EPS for Marico higher, factoring in higher margin for FY21

 ☀ Today (05.05.2020) foll cos. will declare Q4 results : Astec Life, Varun Beverages, Tata Coffee, Persistent Systems, SBI Life, Adani Ports, Rallis India
☀Tomorrow (06.05.2020) foll cos. will declare Q4 results : Kansai Nerolac, Yes Bank, TCI Developers, JM Financial, Adani Enterprises

 CORONAVIRUS UPDATE: TOTAL NUMBER OF COVID19 POSITIVE CASES IN INDIA RISES TO 46433 INCLUDING 32134 ACTIVE CASES, 12727 CURED/DISCHARGED/MIGRATED AND 1568 DEATHS - MINISTRY OF HEALTH AND FAMILY WELFARE

 ICICI BANK: SHARES UP 2.50% IN EARLY TRADE; CO TO CONSIDER RAISING OF FUNDS BY WAY OF ISSUANCE OF NCDS, NOTES, BONDS AND VARIOUS OTHER OPTIONS VIA PUBLIC, PRIVATE PLACEMENT ON MAY 9

 CHINA, PRES. XI - BEIJING FACES A WAVE OF ANTI-CHINA SENTIMENT LED BY THE U.S. IN THE AFTERMATH OF THE PANDEMIC AND NEEDS TO BE PREPARED IN A WORST-CASE SCENARIO FOR ARMED CONFRONTATION BETWEEN THE TWO GLOBAL POWERS - RTRS

 AXIS BANK: Rs 13.54cr NSE Block Trade; for ~330628 shares, at Rs 409.6