Indian stock market news for 26th April 2021 (Monday).
• World’s Fastest Recovery Outlook at Risk as Virus Hits India
• India’s Urban Affluent Hit by Virus Wave After Earlier Dodge
• India Penalizes Amex, Diners For Flouting Data-Storage Rules
• India Airlifts Oxygen From Singapore as Virus Depletes Supply
• Oxygen Giant Diverts Supply to India’s Overwhelmed Hospitals
• India to Give Free Rice, Wheat for 2 Mths to 800 Million People
• ICICI Bank’s Profit Jumps Over Threefold on Interest Income
• India Asks Twitter to Block Posts Critical of Virus Handling
• United Temporarily Suspends Delhi Flights Citing Covid Protocol
• Oil Traders Fret Lack of Indian Interest in West Africa’s Crude
• RBI Extends Higher Ways and Means State Advances by Six Months
• India to Give Free Rice, Wheat for 2 Mths to 800 Million People
• India Forex Reserves Rise $1.2b to $582.4b in Week to April 16
• Covid Chaos, Bond Supply Concern Derails Another India Auction
o India Sells INR220B of Bonds Versus INR320B Plan: RBI
• Global Funds Sell Net INR13.6B of India Stocks on April 23: NSE
o Domestic funds buy net 17 billion rupees of stocks
• Foreign Investors Sell Net INR9.04B of Indian Equities April 22
• Foreigners Buy Net INR15.2B of Indian Equity Derivatives April 23
• Lockdown in Delhi extended by another week as COVID-19 cases surge: PTI
• Oxygen Express with 70 tonnes of oxygen to reach Delhi Monday night: Railways: PTI
• India fastest to administer 14 crore doses of COVID-19 vaccine: Health Ministry: PTI
• American Express Working With India’s RBI on Concerns: ET NOW
• Aban Offshore (ABAN): Says resume operations at ABAN III Rig
• Cadila Healthcare (CDH): Gets India emergency use nod for moderate Covid treatment
• GMR Infrastructure (GMRI): Says creates pledge on 5m shares of GMR Infra April 23
• HCL Tech (HCLT): HCL Tech 4Q Rev. 196.4B Rupees, Est. 198.41B
• HCL Technologies (HCLT): 4Q net income -65% y/y to 11b rupees, misses est. 32.6b; 4Q tax paid 22.6b vs.
7.13b y/y; Sees FY22 revenue growth double digits
• ICICI Bank (ICICIBC): 4Q net income 44.03b rupees vs. 12.2b y/y, misses est. 45.1b; provisions 28.8b; Gross NPA 496% vs 5.42% q/q; Net interest margin 3.84% vs. 3.87% y/y
• Indiabulls Real Estate (IBREL): 4Q net income 944.2m rupees vs. loss 1.1b y/y; Revenue jump to 7.32b vs. 1.16b y/y
• M&M Financial (MMFS): 4Q net income 1.5b rupees Vs. 2.2b Y/y
• SREI Infrastructure Finance (SREI): Says SREI Equipment Finance gets EoI from 3rd global investor Cerberus Global Investments
• Zuari Agro (ZUAC): Says its NPK B plant shut down since April 24 due to unavailability of raw materials.
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