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Apr 24, 2023 3:53 PM
Stock Market Update | Geojit's Vinod Nair on market
"The positive market sentiment in the domestic market was boosted by strong earnings reported by heavyweights. This led to a reversal in the cautiousness from initial below expectation FYQ4 results. However, the weak global sentiment did raise some concerns midway. But the banking sector played a key role in this upward trend, with sector majors reporting strong earnings," says Vinod Nair, Head of Research at Geojit Financial Services.
Apr 24, 2023 3:53 PM
Market at Close | Sensex, Nifty 50 end near day's high
Financials lead market higher with ICICI being top contributor
ICICI Bank lifts Nifty by 31 points and Nifty Bank by 243 points
Sensex rises 401 points to 60,056 and Nifty 119 points to 17,743
Nifty Bank gains 518 points to 42,636 and Midcap index 123 points to 31,210
HDFC Life surges seven percent as RBI allows HDFCs to raise stake
Tata Cons rises nearly five percent ahead of its Q4 earnings on Tuesday
Wipro’s share buyback plan helps the stock gain nearly three percent
IndusInd Bank reports earnings in-line with estimates, stock down over one percent.
Sun Pharma closes in the red but off lows on US FDA concerns for Mohali unit
Bank Of Maharashtra surges 10 percent after a healthy set of earnings for March quarter
Persistent Systems, OFSS and Dalmia Bharat close in the green ahead of earnings
Market breadth favours advances, advance-decline ratio at 1:1
BSE companies gain market capitalisation of Rs 1.4 lakh crore, market capitalisation at highest level in two months
Apr 24, 2023 3:34 PM
Market Update | Nifty Bank index up 500 points
The Nifty Bank index is trading at 42,651.65, up 533.65 points or 1.3 percent from the previous close. Nine out of 12 index stocks are trading in the green. Barring IndusInd Bank, Bandhan Bank and AU Bank, which are down 0.2 to 1.1 percent, all stocks are in the green. IDFC First Bank, Bank of Baroda and Axis Bank are the top gainers, up 2.2 to 3.3 percent.
Apr 24, 2023 3:25 PM
Stock Market Updates | Market expert Dilip Bhat on banks
“In banking, HDFC Bank has shown a good performance, but operating cost will remain at elevated levels and that will continue. So, in the banking space, ICICI appears very decisive, and one should back it despite the over ownership in the stock in terms of domestic as well as FII investors are concerned, but overall this will lead the way for the banks and for the Nifty,” says Bhat.
Apr 24, 2023 3:12 PM
Share Market Updates | Maharashtra Seamless gains over 5% on receiving Rs 262 crore order from ONGC
According to the company, the order will be executed through gradual dispatches over a period of 42 weeks (almost 10 months). (Read more)
Apr 24, 2023 3:07 PM
Market Update | Sensex up 350 points, and Nifty 50 above 17,700
The Sensex is up 370.8 points or 0.6 percent at 60,025.8 and the Nifty at 17,733.9, up 109.8 points or 0.6 percent from its previous close.
Apr 24, 2023 3:04 PM
Nifty 50 Live Update | IndusInd Bank Reports Q4 Earnings
Here's how the numbers fared:
Q4FY23 | Vs Estimates | Change YoY | |
Profit (Rs crore) | 2,040.5 | +1.4% | +49.9 |
NII (Rs crore) | 4,669.4 | -1% | +17.2% |
Apr 24, 2023 2:57 PM
Nifty 50 Live Update | IndusInd Bank Reports Q4 Earnings
- Net profit at Rs 2,040.5 crore Vs Rs 2,011.8 crore expected
- Net Interest Income at Rs 4,669.4 crore Vs Rs 4,715.8 crore expected
- Gross NPA and Net NPA up 2 percent in absolute terms
- Gross NPA at 1.98 percent from 2.06 percent sequentially
- Net NPA at 0.59 percent from 0.62 percent sequentially
- Shares are down 0.83 percent at Rs 1,107.05
Apr 24, 2023 2:47 PM
Share Market Update | Top Stocks To Buy/Sell
Here are two recommendations by Rahul Sharma of Equity99 Advisors:
Buy IDFC Ltd for a target of Rs 88-89 with a stop loss at Rs 80
Buy Mazagon Dock Shipbuilders for a target of Rs 810 with a stop loss at Rs 740
Apr 24, 2023 2:13 PM
Market Update | Sensex up 300 points, and Nifty 50 above 17,700
The Sensex is up 296.8 points or 0.5 percent at 59,951.8 and the Nifty at 17,709.8, up 85.8 points or 0.5 percent from its previous close.
Apr 24, 2023 2:05 PM
Stock Market News | Bank of Maharashtra reports March quarter earning
Bank reports net profit at Rs 840 crore vs Rs 355.2 crore year-on-year, while NII up 35.7 percent at Rs 2,187 crore vs Rs 1,612 crore in the year-ago period. The Gross NPA comes at 2.47 percent, from 2.94 percent in the preceding quarter. Net NPA at 0.25 percent, and provisions at Rs 945 crore.
Apr 24, 2023 2:04 PM
Nifty 50 Update | Weak exports may cap Bajaj Auto March quarter revenue growth but stock at 52-week high
Shares of two-wheeler maker Bajaj Auto are among the best performers on the Nifty 50 index so far this year with gains of nearly 20 percent. The stock is also trading at a 52-week high. (Bajaj Auto Q4 Preview)
Apr 24, 2023 1:48 PM
Market Update | Sensex up 250 points, and Nifty 50 near 17,700
The Sensex is up 262.4 points or 0.4 percent at 59,917.4 and the Nifty at 17,698.7, up 74.6 points or 0.4 percent from its previous close.
Apr 24, 2023 1:31 PM
Share Market Update | Muted pre-sales and collection figures for Sunteck Realty in March ended quarter of FY23
Sunteck Realty recorded pre-sales of about Rs 537 crore in fourth quarter of financial year 2022-23, up 6.8 percent on a year-on-year basis. However, the company saw a drop in its collections to Rs 330 crore , marking a decline of 18 percent from the year-ago quarter. (Read more)
Apr 24, 2023 1:04 PM
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