IMPORATANT NEWS, 


Insider Trading

 🔸Birlasoft: Promoter SB Pandit sold 2.08 lakh shares on April 27

 🔸Mindtree: Promoters sold 80,085 shares from April 28-29

 Money Market Update

 🎯The rupee ended with gains for the fourth straight day at Rs 75.1 against the U.S. Dollar as compared to Wednesday's close of Rs 75.67. This was the best week for the currency since December 2018.

 Risk-off sentiment persisted across Asian Markets on Monday morning as U.S. equity futures continued to decline. Global stocks had ended April on a high after rebounding from their lows in March.

 The U.S. Dollar has gained while the Pound, Euro along with the Australian Dollar are retreating. The Chinese Yuan has extended Friday's losses amid concerns that tensions with the U.S. are increasing.

 The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.4 percent to 9,273 as of 6:55 a.m.

 4Q| Marico likely to report a decline of 2-3% in domestic volumes. Lockdown impact to hurt sales of discretionary products. Adjusted net profit seen at Rs 192 Cr against Rs 213 cr on a YoY basis

 4Q Macquarie also trims estimates for Tech Mahindra after Q4 results

 CLSA seeing headwinds from slowed discretionary spends in Tech Mahindra’s enterprise segment

 4Q | CLSA maintains Buy call on Reliance Ind with target being raised to Rs 1,770/Sh. It believes huge monetisation plans should help going forward