The Indian market opened on a positive note over global cues but soon washed off early gains and turned on the red side. At 14.44 IST, Sensex was trading lower by 1 percent at 33,967.08. Whereas Nifty slid by 126 points or 1 percent at 10,042.
On Tuesday, Rupee ended a little lower on in midst of the unstable equity market. It closed at 75.61 against the dollar as compared to Monday’s close of 75.54. Among the sectoral indices except for Nifty Pharma and Nifty FMCG all are trading on a negative note.
Currently, Dr. Reddys Labs, Sun Pharma, IndusInd Bank, ITC, and Asian Paints are among the top gainers in today’s trading session. Further, GAIL, Tata Motors, BPCL, Bajaj Finserv, and Bajaj Finance comprise the top losers, at 14.52 IST.
As reported by CNBC TV18, PSP Projects reported a 14 percent increase in its net profit for the fourth quarter ending in March at Rs. 34.1 crore. This is against the net profit of Rs. 29.9 crore in the same quarter last fiscal. Further, the company’s revenue was up 35 percent at Rs. 456.4 crore as compared to Rs. 338.6 crore in Q4FY19.
The shares of PVR are trading short at 1,095, decline by 65 points or 6 percent, at 15.00 IST. On the NSE, the shares of Chalet Hotels also slipped by 10 points or 6 percent at 152.2 per share value, at 15.02 IST. Earlier, in the mid-session, the company shares surged by 7 percent after the company reported a threefold profit in its consolidated net profit to Rs 42.17 crore in the fourth quarter ended in March.
