Market Today

1. Wipro share price falls 6% post Q4 results; brokerages cut target price

The company has reported a 5.3 percent sequential fall in its consolidated profit at Rs 2,326.1 crore for the quarter ended March 2020.

However, the company's IT services revenue was up 1.3 percent at Rs 15,296 crore against Rs 15,100.6 crore, QoQ.

2. TCS to announce Q4 and FY20 results today

"...a meeting of the Board of Directors of TCS Ltd is scheduled to be held on Thursday, April 16, 2020, inter alia to approve...the audited financial results of the company under Indian Accounting Standards (Ind AS) for the year ended March 31, 2020," TCS said in a regulatory filing.

In a report, Sharekhan by BNP Paribas had said the January-March quarter is expected to be a weak quarter for Indian IT companies, owing to lower billings from lockdown.

3. IndusInd Bank share price up 3% after Goldman Sachs buys 10.4 lakh shares

Goldman Sachs (Singapore) PTE-ODI bought 1.4 million shares at an average price of Rs 430.3 a piece, as shown in NSE data.

On April 7, Singapore-based investment banking firm UBS Principal Capital Asia acquired a 0.85 percent stake in the bank.

4. Reliance Industries, Facebook weigh creating a super-app

As per the ongoing discussions, which have been delayed due to the coronavirus pandemic, the idea is to create an app that is not just a communication platform but one where users would also be able to buy groceries through Reliance Retail stores, or shop at jio.com, or make payments using JioMoney.

5. Apollo Tyres plants to remain shut till April 20; share price rises 9%

In view of the recent directives issued by the Central Government relating to further extension of the countrywide lockdown, the operations at our plants will continue to remain shut down up to April 20,2020, company said.