Market Update: Good News and Bad News as Auto, Chemical, Pharma, and Cement Stocks Rise

Stock Market Update

Today’s Market

On 5th May
Fii buys 777.68 crore stocks
Dii sells 2198.77 crore stocks

Good News :
1. AB Fashion will take stake in TCNS
2. Britannia profit rise 48%
3. Alembic profit rise 595%
4. Equitas Small Bank profit rise 58%
5. Bank of India profit rise 122.7%
6. Paytm revenue rise 51%
7. Thermax got order worth Rs271.5 crore
8. SJVN win bid for 100 MW wind power plant

Bad News:
1. MSCI told adani to reduce free float in Adani Total Gas and Adani Trans
2. Coal India profit decline 17%
3. Piramal Ent profit decline from Rs151 to -Rs196 crore
4. Individual Single policy premium fall 41.6% of Bajaj Finserve

Other News:
1. Result today: UPL, Exide, Pidilite, Aarti Ind, Canara Bank, Birladoft, MGL
2. New 2.5 lakhs Jobs added in America for the month of April, it can impact more bank rate hike
3. Delisting offer of Rsystem will close today
4. Anchor Lock in period over for DCX systems

Auto ancillary, Chemical, Pharma and Cement stocks will go upside today.