Sensex soars 463pts, ends atop 61K; Nifty tops 18050; mid-, smallcaps shine

CLOSING BELL: Healthy buying in heavyweights like Reliance Industries, L&T, ITC, Kotak Bank, SBI, Bharti Airtel, TCS, and HDFC Bank lifted benchmarks on Friday

4:02 PM

Axis Bank slips 2% post Q4 results; what should investors do?

Global brokerage Jefferies has initiated coverage on Axis Bank stock with a target price of Rs 1,150. READ MORE

4:00 PM

Glenmark Life rallies 5%, hits 52-week high on strong Q4FY23 results

In the past one month, the stock has zoomed 40 per cent as compared to a 5.4 per cent rise in the S&P BSE Sensex. It, however, is trading below its issue price of Rs 720 per share. GLS made its stock market debut on August 6, 2021. READ MORE

3:58 PM

Godrej Consumer, Raymond tumbled up to 7% day after reporting Rs 2,825 cr deal

The proceeds from the sale of FMCG business would be utilized for repayment of debt and infusing of funds in the Lifestyle business, Raymond said. READ MORE

3:56 PM

L&T gains over 2%, hits record high on hopes of strong order inflows

L&T would be a key beneficiary of the government's infrastructure thrust and capex revival in private sectors. READ MORE

3:54 PM

PI Industries soars 10% on twin acquisitions in pharma API, CDMO space

The purchase consideration will be paid in cash and funded from the completed Qualified Institutional Placement (QIP) proceeds and internal accruals. READ MORE

3:52 PM

Wipro gains 3% after it declares Rs 12,000 cr share buyback

The IT services major intends to buy back about 4.91 per cent of its shares at Rs 445 per share through tender route. READ MORE

 

3:49 PM

Nifty PSU Bank index surges 2.5%; PSB zooms 9%; UCo Bank, Central Bank, IOB shine

3:47 PM

Market Breadth was fairly positive; Over 2,200 stocks advanced v/s 1,260 declining stocks on the BSE

3:45 PM

BSE Smallcap Heatmap:: Edelweiss Lloyds Metal, Ceat soar up to 16%; MMTC cracks 11%

3:42 PM

BSE Midcap Heatmap:: RECL, Zee Entertainment, Laurus Labs rally up to 6%

3:40 PM

Broader indices gain outshine benchmark Nifty 50; India VIX dips 4%

3:38 PM

Nifty 50 Gainers:: Adani Group, FMCG major lead charts

3:36 PM

Sensex 30 Heatmap:: 22 Gainers v/s 8 Losers

3:35 PM

CLOSING BELL:: NSE Nifty50 settled at 18,065, up 150 pts

3:33 PM

CLOSING BELL:: S&P BSE Sensex jumps 463 pts, ends higher for 7th straight day

3:19 PM

Global Check:: UK stock futures down over 1%; US too in red

Source: Investing.com

3:11 PM

ALERT :: IndiaMART InterMESH announces bonus issue in 1:1 ratio

Q4FY23 result
>> Net profit down 2.8% at Rs 55.8 crore YoY

 

>> Revenue up 33.5% at Rs 268.8 crore YoY

 

>> EBITDA up 15.6% at Rs 66.1 crore YoY; margin at 24.6% vs 28.4% YoY

Dividend
>> Recommended a final dividend of Rs 20 per equity share for FY23.

Bonus issue
>> The Board recommended issue of Bonus Shares to the equity shareholders of the Company in the proportion of 1 equity share for every 1 existing equity share held.
 

3:04 PM

Tyre stocks in focus: Ceat, JK Tyre surge up to 11% on healthy margin hopes

Inherent to the tyre industry, raw material costs forms the largest cost head, accounting up to 65 per cent of the total cost, said analysts. READ MORE

2:58 PM

Axis Bank has adequate capital to absorb quarterly loss, says S&P report

Bank's ability to pay dividends is protected, net credit costs have declined: Ratings agency. READ MORE

2:46 PM

Earnings Alert:: MRPL Q4 net plunges over 36%; stock soars 7%

MRPL's Q4 net profit plunged 36.6 per cent to Rs 1,907.98 crore for the quarter ended March 2023 as against Rs 3,008.18 crore in the year ago quarter. Total income, however,  was up 4.3 per cent YoY at Rs 29,487.54 crore from Rs 28,265.80 crore.

2:35 PM

News Alert:: Govt appoints Siddhartha Mohanty as LIC chairperson till June 2024

 

2:26 PM

Adani Cement pre-pays $200 million Holcim debt, seeks loan extension

Adani Cement Industries has pre-paid $200 million in the past week, helping pare a $1 billion mezzanine loan taken from global banks to fund the purchase the Indian units of Holcim Ltd., people familiar with the matter said. READ MORE

2:13 PM

Earnings Alert:: Autl Q4 net slumps 40%; stock slips 2%

Atul reported a sharp 40.4 per cent dip in Q4 net profit at Rs 88.44 for the quarter ended March 2023 when compared with Rs 148.51 crore in the quarter ended March 2022. Total income also declined 21 per cent YoY to Rs 1,122.23 crore.

2:02 PM

Earnings Alert:: CSB Bank Q4 net jumps 20%; stock tanks 4%

CSB Bank reported a net profit of Rs 156.34 crore for the quarter ended March 2023 as against Rs 130.67 crore in the corresponding quarter a year ago. Total income rose 30.8 per cent YoY to Rs 762.81 crore.

1:52 PM

News Alert:: Thermax concludes Rs 271.50 cr order; stock up 0.5%

Thermax informed BSE that it concluded an order of Rs 271.5 crore for India's biggest oil refinery in the private sector for mechanical balance of plant (MBoP) works for the captive power plant (CPP) at their new oil-to-chemical (O2C) facility in the western part of India.

1:40 PM

Global Check:: Nikkei, Taiwan shine in Asian trade

Source: Yahoo Finance

1:25 PM

Earnings Alert:: Tata Metaliks Q4 net up 6%; stock jumps 2%

Tata Metaliks today reported 5.9 per cent rise in Q4FY23 net profit at Rs 55.56 crore when compared with Rs 52.46 crore in Q4FY22. Total income was up 14.1 per cent YoY at Rs 929.66 crore.

1:11 PM

L&T gains over 2%, hits record high on hopes of strong order inflows

L&T would be a key beneficiary of the government's infrastructure thrust and capex revival in private sectors. READ MORE

12:54 PM

Nifty PSU Bank gain over 1% in an upbeat market

12:42 PM

Consumer Durable stocks under pressure in a firm market