The key benchmark indices recouped the bulk of the losses and were seen trading with modest losses. Nifty has recovered nearly 100 points from the day’s low. Moreover, the advance-decline ratio is in the favour of advances and this is because the broader markets have relatively outperformed.   

With the economy coming back to normalcy and opening up there is optimism across various sectors. Tyre industry is one of the several industries expected to stage a comeback not only on ground but on bourses as well. 

LG Balakrishnan & Bros up by more than 12 per cent is the top gainer on BSE Smallcap index.

National Stock Exchange (NSE) has revised the circuit limit of almost 22 stocks. Out of 22, around 16 stocks’ circuit limits have been narrowed from 10 per cent to 5 per cent while 3 stocks’ circuit filters got narrowed from 20 per cent to 5 per cent.

BHEL: Keeping in view the concerns raised by equity analysts, institutional investors, and other stakeholders on the rising receivables, the company, in FY 2020-21, has reviewed the receivables and created additional merit-based provisions (which could have been deferred) of about Rs 1,800 crore. The provisioning has been done in case of projects, where the collections may have been doubtful.

The RP- Sanjiv Goenka Group’s Kolkata based flag ship company - The Calcutta Electric Supply Corporation or CESC has on Wednesday posted over 13 per cent jump in its consolidated net profit to Rs 429 crore in the March 2021 quarter.

Nagarjuna Fertilisers was seen locked in upper circuit after gaining 4.92 per cent. 

Stock gave a 3-year return of 164.38 per cent as compared to Nifty 100 which gave a return of 44.39 per cent. Tata consumer is up by more than 99 per cent in one year and in five years it is up by more than 483 per cent.

Global infrastructure EPC major & RPG Group company, KEC International Limited announced that it has secured orders worth Rs 937 crore across its various businesses.  

Leading global information technology, consulting & business process services company, Wipro Limited announced that it has entered into a strategic partnership with Aachen, Germany-headquartered FEV, a leading global engineering provider, to jointly develop & market solutions for software-defined vehicles (SDV).