Market Today

1. Marico's commentary about consumer preferences in a COVID-hit economy

Operating profit of Rs 282 crore was slightly better than the poll estimate of Rs 278 crore.
But more than the reported results, Marico’s management commentary gave some valuable insights on what FMCG companies are expecting and the likely steps they will take, to navigate through the current crisis.

2. Bank stocks crack; IndusInd, ICICI Bank plunge 11%, Nifty Bank dips over 8%

Nifty Bank index declined 8.5 per cent on the NSE in the intra-day trade yesterday, and was among the top losers on the exchange.

3. Intel buys Moovit transit app for $900 million to help develop robotaxis

Chipmaker Intel Corp has bought Israeli public transit app maker Moovit for about $900 million to help it develop self-driving "robotaxis" that could take to the streets in early 2022, the company said on Monday.

Moovit will remain independent while its technology and the data it collects from more than 800 million users in 102 countries will be integrated into Intel's Israel-based autonomous car unit Mobileye.

4. Tech Mahindra declines 8% on disappointing Q4 result

information technology (IT) services company missed the profit estimates for Q4FY20 on higher employee costs and a one-time impairment charge even as the company said it was expecting a recovery in demand in the medium term.

5. Liquor stocks in focus; Radico Khaitan,GM Breweries surge over 5%

Shares of breweries & distilleries companies were in focus and rallied up to 11 per cent on the BSE on Monday in the early morning trade in an otherwise weak market after the government allowed the opening of liquor shops from today with certain condition.