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Stock market starts strong, Sensex 31000, Nifty cross 9100

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Today, the domestic stock market opened up strongly due to good signs from the global market and positive development regarding the corona vaccine. On the Bombay Stock Exchange, the 30-share sensitive index Sensex opened with a gain of 191 points at 30864 level, while the National Stock Exchange’s Nifty also started the day’s trading with a green mark. Sensex up 373 points in early trade 31,045.67 At the same time, the Nifty was also up 106.05 points at 9,145.30.

Airtel’s share breaks over 3.5 percent

Bharti Telecom, promoter of telecom service provider Bharti Airtel, plans to raise $ 1 billion in capital by selling shares. Sources associated with the case have given information about it. He told PTI that the promoter company Bharti Telecom would sell 2.75 percent stake at the rate of Rs 558 per share. After this news, Bharti Airtel is under pressure. Airtel’s stock has lost over 3.5 per cent in early trade.

Company Results: HDFC’s Profit Decreased

After the result, HDFC shares are seeing a surge today. HDFC shares were trading up nearly three percent in early trade. Let us know that the results of the quarter ended March 31, HDFC released on Monday. The company’s net profit fell 22 per cent to Rs 2233 crore in the March 2020 quarter. This was lower than Rs 2862 crore in the same quarter last year. HDFC’s gross non-performing loan as on 31 March 2020 was Rs 8908 crore.

Bata India gains Rs 38 crore in fourth quarter

Footwear major Bata India Ltd.’s integrated net profit fell 56.68 percent to Rs 38.40 crore in the January-March quarter. The company had a net profit of Rs 88.66 crore in the same quarter of the previous fiscal year 2018-19.

Corona’s growing havoc

The corona virus in India is increasing at a rapid pace and the number of positive cases has gone up to 1 lakh 45 thousand. So far, the number of corona virus infections in the country has reached 145380, of which 4167 people have died and 60490 people have been cured. At the same time, the number of corona virus patients has crossed 5.5 million worldwide.

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