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26 out 30 Sensex stocks traded in the red. Titan was the biggest loser on the Sensex down 2.62%, Bajaj Finance lost over 2.5%, SBI was down 2.3%, Reliance Industries slipped 1.95% and HDFC Bank fell 1.64%.
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Here is the list of top stocks that could be in focus on May 3. Hero MotoCorp: The company has sold 372,285 units in the month of April 2021. The sales in April’21 were subdued due to the temporary closure of plant operations and the retail outlets across several key territories in India on account […]
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On the coronavirus front, investors continue monitoring the Covid situation in India as the country continues to battle a deadly second wave of infections.
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"Markets will first react to Reliance Industries earnings and monthly auto sales numbers in early trade," said Ajit Mishra, Religare Broking
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Though the elections are essentially for state legislatures, the outcome in the five states will also partially reflect a signal of the confidence these five states repose on the ruling party at the Centre.
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While the institutional players are busy picking a side in the markets, retail investors are weighing upon Q4 results and are taking stock-specific positions
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Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for April
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The 30-share Sensex tanked 983.58 points, or 1.98%, to 48782.36 due to heavy selling in banking and financial majors.
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25 out of 30 Sensex stocks ended in the red
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Nomura believes that Reliance Industries may report 135% year-on-year growth in net profit at Rs 14,950 crore.