Stocks to remain in focus on May 05, 2020


The BSE Sensex tanked 2002.27 factors or 5.94 % to 31,715.35 whereas the NSE Nifty crashed 566.40 factors or 5.74 % to 9,293.50.

The massacre in the market had been impacted by the spherical three of the nation-wide lockdown to include the COVID-19 Pandemic. India has been on lockdown since May 24 to struggle the COVID-19 pandemic. The authorities final week prolonged the nationwide lockdown until May 17.

Auto and monetary shares have been the worst hit in right this moment’s market crash. Several car main reported zero gross sales for the month of April owing to lockdown.

Here are the shares that can remain in focus on May 05, 2020

Marico 

FMCG agency Marico Ltd on Monday reported a 50.62 per cent decline in consolidated internet revenue at Rs 199 crore for the fourth quarter ended March 2020 due to COVID-19 associated disruptions.

Hero MotoCorp

The nation’s largest two-wheeler maker Hero MotoCorp on Monday mentioned it has resumed operations throughout three of its manufacturing crops with precise product roll-out anticipated to start from Wednesday.

The firm is commencing operations in a graded method at three of its manufacturing crops ? Gurugram, Dharuhera (each in Haryana) and Haridwar (Uttarakhand), Hero MotoCorp mentioned in a press release.

NBFC Stocks

Reserve Bank Governor Shaktikanta Das on Monday reviewed liquidity place and methods to promote lending to the MSME sector throughout a gathering with representatives of non-banking monetary corporations and mutual funds amid the lockdown induced by the COVID-19 pandemic.

Leave a Reply

%d bloggers like this: