Market tumbles in early trade; breadth positive

Market reacted to election results of the five states which were declared on May 2 and the record high GST revenue for April released on May 1.

On the coronavirus front, investors continue monitoring the Covid situation in India as the country continues to battle a deadly second wave of infections.

On the political front, election results 2021 for West Bengal, Assam, Tamil Nadu, Kerala and Puducherry assemblies were declared on Sunday .

On the macro front, the gross Goods and Services Tax revenue collection for April, 2021 hit yet another peak of Rs 1,41,384 crore, of which CGST was Rs 27,837 crore, SGST Rs 35,621,and IGST Rs 68,481 crore.

The board of TCS at its meeting held on 12 April 2021, had appointed Samir Seksaria as chief financial officer.

Since April 2020 had lockdown due to COVID19 and almost zero sales, a comparison with April 2020 doesn’t have any meaning, Maruti Suzuki India said.

Due to zero sales during April 2020 because of the lockdown there is no comparable figures available.

Mahindra & Mahindra for the month of April 2021 stood at 36,437 vehicles.

Natco Pharma has received emergency use approval for Baricitinib tablets, 1mg, 2mg and 4mg strengths from Central Drugs Standard Control Organization in India.

Mixed global cues, soaring new Covid-19 cases in the country and uncertainties surrounding vaccination weighed on the sentiment.

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