MARKET LIVE: Sensex dips 400 points; HDFC twins drag, Piramal falls 7%

The Indian indices declined over 1 per cent on Tuesday, tracking weak cues from Asian markets. The indication by the Centre that the nationwide lockdown could be extended beyond May 17, albeit with eased restrictions for businesses, also weighed on the sentiment.
The S&P BSE Sensex slipped 440 points, or 1.4 per cent, to 31,100 levels, and the Nifty50 index was around 9,120 levels. HDFC twins (both down 2 per cent) dragged the Sensex lower. Besides, Asian Paints was down 3 per cent. Piramal Enterprises dipped over 7 per cent in early deals post March quarter results announcement. On the other hand, IRCTC was frozen in 5 per cent upper circuit for second straight day.
RESULTS TODAY

A total of 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results.
CATCH ALL THE LIVE UPDATES
Auto Refresh
09:33 AM
Asian Paints declines 3.5% on report Goldman Sachs has downgraded the stock
>> As per news reports, Goldman Sachs has downgraded the stock to "sell" with the target price of Rs 1,111.

09:30 AM
Indian Oil Corp gains over 1.5% on raising production capacity
>> Indian Oil Corp (IOC), the country''s largest oil firm, has raised operating levels at its refineries to about 60 per cent after fuel demand showed a gradual pick up on easing of lockdown restrictions
09:28 AM
Nestle India trades marginally higher ahead of Q4 nos
09:27 AM
IRCTC hits 5% upper circuit for second straight day
09:26 AM
Maruti Suzuki trades in the red despite starting production
09:25 AM
InterGlobe Aviation gains 1% in a weak market
>> InterGlobe Enterprises, the parent of the country’s largest airline IndiGo, has evinced interest in Virgin Australia, Australia’s second-largest aviation company. Virgin Australia entered bankruptcy administration two weeks ago after lawmakers refused financial aid during the Covid-19 pandemic on fears it would amount to a bailout of foreign carriers that together own 90 per cent of the airline’s stock.

09:23 AM
Result Impact | Piramal Enterprises tumbles over 6%
>> Piramal Enterprises has reported a consolidated pre-tax loss of Rs 1,296 crore in the March qurter, as opposed to a pre-tax profit of Rs 678 crore in the same period last financial year (Q4FY19) because of incremental provisioning in its financial services business on account of Covid-19. The company reported a net loss of Rs 1,703 crore in Q4FY20 compared to a net profit of Rs 455 crore in Q4FY19.

09:21 AM
HDFC Bank declines 3%; top loser on the Sensex
09:20 AM
Sectoral trends on NSE at open
09:19 AM
Top gainers and losers on S&P BSE Sensex at Open