- Markets At Close | Benchmark Indices Gain For Nine Days In A Row

- Market Extends Gaining streak To 9 Days, Longest Since October 2020

- Financials Lead Recovery In Last Hour, ICICI & HDFC Bank Top Contributors

- IT Stocks Closes Sharply Lower Following Lower-than-expected TCS Earnings

- Sensex Rises 38 Points To 60,431 & Nifty 16 Points To 17,828

- Nifty Bank Gains 575 Points To 42,133 & Midcap Index 61 Points To 30,885

- 4 Of Top 5 Nifty Losers Are IT Stocks (Iny, Tech Mah, HCL & TCS)

- Midcap IT Stocks Too See A Major Fall, LTIMindtree, Persistent, Mphasis Top Losers

- IndusInd Bank Surges 10% From Lows To End The Session With A Gain Of 3%

- Eicher Motors Rises Another 3% On Friday As GS Upgrades The Stock

- AU Small Bank Climbs 17% As MD & CEO Gets 3-year Extension From RBI

- Market Breadth Neutral, Advance-Decline Ratio At 1:1

- BSE Companies Gain Market Cap Of Nearly `30,000 Cr On Friday

Apr 13, 2023 3:39 PM

Nifty 50 Update | Benchmark Indices Recover

- Nifty 50 made an intraday high of 17,828

- Nifty 50's intraday high is exactly 1,000 points higher than the March 20 swing low of 16,828

- ICICI Bank is contributing 14 points to the recovery, while HDFC Bank is contributing 8.3 points

- Top five point contributors to the Nifty 50 upside are financial names

- Infosys and TCS are contributing 45.5 points to the Nifty 50 downside ahead of the former's Q4 earnings

Apr 13, 2023 3:06 PM

Share Market Live Update | Nifty Bank Trades At Day's High

- Nifty Bank recovers 400 points from the day's low

- Index has gained in 10 out of the last 11 trading sessions

- 10 out of the 12 index constituents are trading with gains

- AU Small Finance Bank is the top gainer, up 17 percent

- Bandhan Bank is trading 2.5 percent lower

- Index has added 2,600 points from the closing of March 24

Apr 13, 2023 2:50 PM

Stock Market Update | Kolte-Patil Gives March Quarter Business Update

- Highest ever annual collection of Rs 1,902 crore, up 21 percent from last year

- Second consecutive quarter with sales value of over Rs 700 crore

- Realisation per square feet up 13 percent year-on-year to Rs 7,225

- Collection during the quarter up 18 percent year-on-year at Rs 589 crore

- Sales value of Rs 2,232 crore in financial year 2023, the highest ever

- Non-Pune market contributed 20 percent to overall sales

Apr 13, 2023 2:39 PM

Share Market Update | Top Stocks To Buy/Sell

Here are two recommendations by Hemen Kapadia of KRChoksey Securities:

Buy Metropolis for a target of Rs 1,360 with a stop loss at Rs 1,240

Sell MCX for a target of Rs 1,410 with a stop loss at Rs 1,500

Apr 13, 2023 2:27 PM

Stock Markets Live Update | IT Stocks Remain Under Pressure

- IT stocks remain under pressure ahead of Infosys results

- Nifty IT Index trades with losses of over 2 percent

- All constituents of the IT index trade with losses

- LTIMindtree is the top loser on the index, down nearly 4 percent

- Persistent Systems down over 3 percent, while HCLTech, Tech Mahindra, Infosys, and Mphasis down over 2.5 percent

Apr 13, 2023 2:26 PM

Stock Market Update | IDBI Bank Shares Gain Most In A Month

- Stock trading with gains of 4.7 percent at Rs 49.30

- Stock up in five out of the last six trading sessions

- Shares are still down 10.5 percent this year

- RBI evaluating potential bidders for IDBI Bank: Reuters Report

- Kotak Bank, CSB Bank, Emirates NBD amng suitors for IDBI Bank: Report

Apr 13, 2023 2:11 PM

ONGC to get 20% higher price than the APM price from new wells, says chairman

ONGC would receive a price that is 20 percent higher than the APM (Administered Price Mechanism) price from its new wells. This is great news for the company as it will help them generate more revenue from their oil and gas reserves. (Read more)

Apr 13, 2023 1:55 PM

Stock Market News | JSPL to expand Rail-making capacity with new heavy structure mill at Angul unit

With the commissioning of this capacity, JSPL's total rail-making capacity will be 2.2 MTPA. The company's existing 1 MTPA Rail Mill at Raigarh is regularly supplying 260m rails to the Indian Railways, Dedicated Freight Corridors and other national projects. (Read more)

Apr 13, 2023 1:33 PM

Share Market News | Kotak Institutional Equities sees 23% upside in Glenmark Life

Glenmark Life Sciences, a wholly-owned subsidiary of Glenmark Pharmaceuticals, is a manufacturer of APIs in several areas. Shares of Glenmark Life Sciences Ltd. rose 3 percent in intraday trade on Thursday after brokerage house Kotak Institutional Equities gave a ‘Buy’ call on the stock with a price target of Rs 500 per share. (Read more)

Apr 13, 2023 1:26 PM

Nifty 50 Update | Index near 17,750

The index is at 17,750, down 47 points or 0.3 percent from its previous close. Infosys, HCL Tech, Tech Mahindra, NTPC and LT, down 1.6 to 2.8 percent, are the top index losers.

Apr 13, 2023 1:08 PM

Stock Market Update | See trend of opportunities for FMCG companies to acquire smaller brands continuing: Harsh Mariwala of Marico

"Many of the entrepreneurs say that “okay, now I build this business, let me sell it to an FMCG company, which already has a as a distribution network, and there is no extra cost to distributing these products.” So there is going to be some and which has already happened, Marico has acquired three businesses, many other companies are acquired. So I see the trend continuing in terms of opportunity for acquisition," Harsh Mariwala, Chairman, Marico.

Apr 13, 2023 1:01 PM

Share Market Update | Top Stocks To Buy/Sell

Here are two recommendations by Prakash Gaba of prakashgaba.com:

Buy Havells India for a target of Rs 1,210 with a stop loss at Rs 1,180

Buy HDFC Life for a target of Rs 540 with a stop loss at Rs 525

Apr 13, 2023 12:59 PM

Global Market Cue | European markets open mixed as US inflation eases more than expected

The British FTSE opened nearly flat. French CAC, however, opened in the green, up 0.7 percent. The biggest European market by volume, German DAX, traded marginally higher at the the opening hour. (Read more)

Apr 13, 2023 12:56 PM

Nifty 50 Update | Infosys falls 3% ahead of earnings, top index loser

The shares of the IT major are down 2.9 percent ahead of earning. Infosys is set to announce its numbers for the March 2023 quarter later today.

Apr 13, 2023 12:30 PM

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