PNB Housing Finance's stock rose as much as 10 per cent during the day to ₹1,084.8 per share, the biggest intraday gain since October 25, 2024
The stock has tumbled 90 per cent this year, compared to a 3.5 per cent advance in the benchmark Nifty 50
Tata Tech stock is the worst performer on the NSE Nifty 500 and BSE 500 indices, according to Bloomberg
Short-term technical indicators suggest that the market is temporarily overbought, increasing the probability of near-term consolidation
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According to analysts the valuation discount is largely due to poor show by banks in the previous five years
The benchmark Nifty50 index fell almost 17 per cent amid sell-off by foreign investors, weak corporate earnings and global uncertainties due to the US tariffs
Among the sectoral indices, Nifty Oil & Gas was the top performer, ending higher by 3.18 per cent, led by RIL (5.07 per cent) and BPCL (4.97 per cent)
The oil-to-telecom conglomerate posted a consolidated net profit of ₹19,407 crore for the quarter ended March, up nearly 2.4 per cent Y-o-Y
Why are stock markets rising today: Reliance Industries, Sun Pharmaceuticals, Tata Steel, ICICI Bank, Axis Bank, IndusInd Bank, Tata Motors, L&T, SBI, Adani Ports, M&M, & Power Grid jumped up to 5%
DIIs are booking profit on short-term gains in Indian stocks, which they made on bargain buying, analysts explained
Tejas Network's stock fell as much as 14.37 per cent during the day to ₹735.5 per share
In the week ahead, Sensex is likely to swing between 78,200 to 80,230 range. Nifty may test 23,400 on the downside, and can potentially rally to 24,800 on the upside; suggests technical charts.
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Among the sectoral front, barring IT, all others were under pressure, with PSU banks and metals being the worst hit
ACC's stock fell as much as 6.5 per cent during the day to ₹1,931 per share, the worst intraday loss since November 21 this year
Nelco share price: The company's board recommended a final dividend of ₹1 per share (10 per cent) (face value of ₹10 each) for the financial year ended March 31, 2025
L&T Technology share price: In its fourth quarter ended March 31, 2025, L&T Tech reported a net profit of ₹310.2 crore, down 9 per cent, as compared to ₹341 crore in the year-ago period