Closing Bell: The Indian domestic market ended with best monthly gains since 2019. The S&P BSE Sensex closed 997 points or 3.05 percent higher to 33,718 while the Nift50 index ended at 9,860, up 306 points or 3.21 percent. Tata Motors, UPL, ONGC, Vedanta and Hindalco were the Nifty50 top gainers while Sun Pharma, Hindustan Unilever, Cipla, IndusInd Bank and ITC remained the top losers. The gains were mainly led by private banks, auto and metal stocks. Except pharma all other sectoral indices ended higher. BSE Midcap and Smallcap indices rose over 1 percent each.

Apr 30, 2020 3:38 PM

Cadila Health signs agreement to divest stake: The company has signed the definitive agreement for sale of 2,31,33,717 equity shares of Rs 10 each fully paid‐up, representing 49 percent of the total paid‐up share capital of Windlas Healthcare Private Limited to Windlas Biotech Private Limited. The stock traded nearly one percent lower to Rs 324 on the NSE, at 3:20 pm.

Apr 30, 2020 3:27 PM

BSE Update: 25 out of 30 stocks in green; ONGC, HCL Technologies up 10%

Apr 30, 2020 3:13 PM

India's Serum Institute to make millions of potential coronavirus vaccine doses

The Serum Institute of India said on Tuesday it plans this year to produce up to 60 million doses of a potential vaccine against the new coronavirus that is under clinical trial in Britain.

Apr 30, 2020 3:05 PM

RBI extends truncated market hours: The amended trading hours i.e., from 10.00 am to 2.00 pm for RBI-regulated markets that were effective till the close of business on Thursday April 30, 2020 shall be extended till further notice. Market trading timings will be reviewed on issuance of directions pertaining to lockdown from the Government.

Apr 30, 2020 2:53 PM

Rupee Update: Indian rupee has ended higher by 57 paise at 75.10 per dollar, amid strong buying seen in the domestic equity market. It opened 51 paise higher at 75.16 per dollar against previous close of 75.67. The dollar nursed losses on Thursday after the US Federal Reserve left the door open to more monetary easing and dampened expectations for a quick economic recovery from the coronavirus pandemic.

Apr 30, 2020 2:39 PM

Apr 30, 2020 2:27 PM

RBI sweetens the deal for banks to lend to mutual funds

The Reserve Bank of India (RBI) on Thursday extended regulatory benefits under special liquidity facility for mutual funds (SLF-MF) scheme to all banks irrespective of whether they avail funding from the Reserve Bank or deploy their own resources.Get latest Finance online at cnbctv18.com

Apr 30, 2020 2:17 PM

Just Dial zooms 9% after buyback approval

Just Dial approved the proposal for buyback of up to 31,42,857 equity shares at a maximum price of Rs 700, for an aggregate maximum amount of up to Rs 2,20,00,00,000.

The stock soared upto 9 percent to Rs 425 per share on the NSE.

Apr 30, 2020 1:55 PM

Trending Stock: Glenmark Pharmaceuticals receives approval from the DCGI (Drug Controller General of India), the regulator in India to conduct clinical trials on Favipiravir Antiviral tablets on COVID-19 patients. The stock is up 4% to Rs 343 on NSE.

Apr 30, 2020 1:40 PM

Trading Ideas: From a trading perspective, we like Havells India. One can 'buy' Havells India above Rs 554 with a stop loss of Rs 527 for target of Rs 595. Our second recommendation would Ujjivan Financial Services. This can be bought above Rs 180 with stop loss of Rs 170 for target of Rs 210, says Pritesh Mehta of Yes Securities.

Apr 30, 2020 1:25 PM

Gilead says experimental drug helps COVID-19 patients, raising hopes in pandemic fight

Gilead on Wednesday said its experimental antiviral drug remdesivir helped improve outcomes for patients with COVID-19 in a clinical trial.Get latest Healthcare online at cnbctv18.com

Apr 30, 2020 1:11 PM

Apr 30, 2020 12:56 PM

China's factory activity expands for second month, but slump in export orders deepens

Factory activity in China expanded for a second straight month in April as more businesses resumed work from the coronavirus-led shutdowns, but a worsening slump in export orders pointed to a long road to recovery for the embattled economy.

China's official Purchasing Managers' Index (PMI) eased to 50.8 in April from 52 in March, China's National Bureau of Statistics said on Thursday, but stayed above the neutral 50-point mark that separates growth from contraction on a monthly basis.

Analysts polled by Reuters had expected a PMI reading of 51. Click here to read more

Apr 30, 2020 12:42 PM

Tata Motors shares rally 15% after report indicates JLR recovers production in China

Tata Motors' share price rose for the third day in a row on Thursday after a Mint report said that Jaguar Land Rover (JLR) has restored three-fourth of its budgeted production in China.

The share price rallied 15 percent to touch Rs 89.70 per share on Thursday. At 10:35 am, the shares traded 12 percent higher at Rs 87.25 on the NSE. In the last 3 trading sessions, the stock has climbed 18 percent.

The company spokesperson told Mint that with lockdown measures easing in China, all of its retailers are now open and sales are recovering. JLR has restored its production capacity to 75 percent of pre-COVID levels, added LiveMint. Read more on this story here

Apr 30, 2020 12:25 PM

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