• Lockdown has had an adverse impact on the revenue
• Impact on gross margin and Ebitda is disproportionate as fixed costs continued.
• Office and warehousing operations have resumed.
• Revenue is expected to be muted for a few months.
• Profitability situation may remain challenging till the situation normalises.
• Made additional provisions in the books to cover incremental risks which may arise.
• Decisions on new stores will be recalibrated.
• Do not have any debt obligations as of March 31, 2020
• Paying all statutory dues and other commitments on a timely basis.

Shares are trading 1% lower at Rs 390 and are off the lowest point of the day.

• Among the top performers on the Nifty 500 Index
• Gains as much as 8.6% to Rs 157.6
• Biggest single-day gain in two months
• Trading at the highest level in nearly four months
• Up for the second straight day
• Has gained in eight out of the last 10 trading sessions
• Gained 23.7% in the last 10 trading sessions
• Today's volumes are 6.7 times higher than its 30-day average
• Crosses both 100 and 200-Day Moving Average at 145 and 147 respectively in today's session
• Trades in overbought territory with Relative Strength Index (RSI) at 72
• Has nearly doubled from its 52-week low of Rs 81 on March 25, 2020

Coal India is persuading consumers to switch to domestic coal, as its shipments dwindle owing to lower demand, Bloomberg news reports.

The state-run miner is looking to replace coal imports by non-power consumers like cement, sponge iron, fertiliser and steel as well as power plants designed to burn mainly domestic coal.

Coal India says that such consumers imported 150 million tonnes of coal in the year ending March.

Many power plants are restricting purchases from Coal India owing to high inventory levels.

Coal India's shipments in May fell 23.3% while output fell 11.3% compared to last year.

• Benchmark indices continue to fluctuate
• Nifty up 0.3% at 10,075
• Sensex up 0.36% at 34,079
• Nifty Bank up 0.3% at 20,789
• Nifty Midcap Index up 0.5%
• Nifty Smallcap Index trades little changed
• India Volatility Index down 0.7% to 29.98
• Nifty Media remains the top sectoral laggard; down 1.75%
• Nifty Auto (down 0.6%) and Nifty Metal (down 0.3%) were the other two sectoral laggards
• Nifty Realty Index is the top sectoral gainer (up 0.9%)
• Vedanta is the top Nifty gainer; up 2.8%
• GAIL remains the top Nifty laggard; down 3%
• 972 stocks on the NSE trade with gains while 768 decline

The Directorate General of Foreign Trade has restricted export of some diagnostic kits including the VTM kits and reagents, Bloomberg News reports citing a statement from India's trade ministry.

The statement adds that the export of certain diagnostic instruments, apparatus including swabs as well as probe and primers which are specific for Covid-19 testing will also be restricted.

Other items in the list of 'restricted' items include:

• 15 ml falcon tube or cryovials
• Silicon Columns
• Poly adenylic Acid or Carrier RNA
• Reverse Transcriptase Enzyme
• Deoxy nucleotide triphosphates