Stock Market LIVE Updates: GIFT Nifty indicates a flat start; US, Asian markets gain

– PAT missed estimates by 1 percent, while NIM was largely in-line with estimates at 3.85 percent

– Credit costs were below estimates, but coverage strengthened as gross NPA declined sequentially

– Outlook on loan growth will be a key discussion point

– PAT beats estimates by 18 percent led by stronger disbursement linked to fee income, lower credit costs

– Managementcited focus will be on good balance of loan growth pick-up and profitability

-The government will put on sale around 20 critical mineral blocks in the fourth round of auction by the end of June

-Of the 20 blocks on offer, 56 physical bids and 56 online bids were received for 18 blocks

– The brokerage firm raised target price to Rs 4,150 per share

– Another strong quarter led by like-for-like growth and store additions

– CLSA shares ‘outperform’ call on Ultratech Cement with a target price of Rs 11,020 per share

– Citi shares ‘buy’ call on Ultratech Cement with a target price of Rs 11,500 per share

– Morgan Stanley shares an ‘overweight’ rating with a target price of Rs 11,600 per share

– Jefferies shares ‘buy’ rating on Ultratech Cement with a target price of Rs 11,500 per share

China’s manufacturing activity expanded at a slower pace in April, an official factory survey showed on Tuesday, suggesting the sprawling sector started to lose some momentum at the start of the second quarter.

The official purchasing managers’ index (PMI) dropped to 50.4 in April from 50.8 in March, above the 50-mark separating growth from contraction, and beat a median forecast of 50.3 slightly in a Reuters poll.

-Earnings Watch: IOC, REC, Havells, Exide

-Stocks in F&O ban: Biocon, Vodafone Idea

-Birlasoft Q4 revenue misses estimates

-Can Fin Homes: NIM at 8-quarter high of 3.96%

-Tata Chemicals reports Rs 841 crore net loss on one-time hit

-Linde India: SEBI asks NSE to assess related-party transactions

-SBFC Finnance: Eight45 Services, Arpwood Capital, Arpwood Partners to sell entire stake via block deal, according to CNBC-TV18 sources

-Celerac’s added sugar is below prescribed limit, says Nestle India CMD

– Nestle India said that the sugar controversy has not had significant impact on Celerac sales

– The management said that they can even introduce Celerac without added sugar in coming days

Bahrain-based Investcorp will buy the digital technology services business of India’s National Stock Exchange (NSE) for $120 million, the alternative investment firm said on Monday, in its biggest deal in the country.

NSEIT Ltd, the digital technology arm of India’s largest stock market operator, offers services in areas including cybersecurity, digital transformation and cloud services in India, North America and the Middle East.

The 10-billion-rupees deal was in line with NSE’s strategy to focus on its core business areas, said Ashish Kumar Chauhan, the company’s managing director and CEO.

The deal excludes NSEIT’s digital examination business, which offers online recruitment and promotion tests as well as digital upskilling services for corporates. Read More

Foreign institutional investors (FIIs) net bought Rs 169.09 crore shares, while domestic institutional investors (DIIs) pumped in Rs 692.05 crore on April 29, provisional data from the NSE showed.