Indian Market
FII AND DII
| FII purchased | 182.51 Cr |
| DII purchased | 397.29 Cr |
Indian market news
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- Sensex declines 208 points as Nifty drops below 18,300; pharmaceutical companies advance.
- Asian markets decline, with the Nikkei and Hang Seng both down by 1%.
- Global equities decline, benchmark US rates decline amid debt ceiling impasse
- Concern over the debt ceiling has caused the dollar to remain at a two-month high.
- Hitachi Energy states Q4 net profit fell by 1.7% to Rs 50.8 crore.
- Indices hit day’s low; Nifty below 18,300, Sensex down 230 points.
- Following a decrease in Q4 PAT, Galaxy Surfactants drops by 3%.
- Interglobe Aviation anticipates a significant block transaction
- Hindalco provides information. Q4’s combined net profit of Rs 2,411 crore fell 37% year over year.
- Avanti Feeds claims a 10% increase in Q4 net income of Rs 93.3 crore.
- Retail purchasing and FII-DII assistance can assist the Nifty in setting new records: Vijayakumar, V. K.
- Due to concern regarding US debt discussions, gold remains stable.
- Despite a roughly 33% YoY increase in revenue, Ashok Leyland’s fourth-quarter net profit fell by 17%.
- Biocon’s Q4 net profit increased by 31% to Rs 313 crore, and it announced a dividend.
- Rajiv Jain of GQG Partners increases Adani’s stake by around 10% for a $3.5 billion wager.
- 3.2% of Mahindra & Mahindra’s automotive company will be sold.
Indian market Today
| SENSEX | -208.01 | -0.34% | 61,773.78 |
| NIFTY50 | -62.60 | -0.34% | 18,285.40 |
| BANK NIFTY | -276.60 | -0.63% | 43,677.85 |
INDIAN MARKET MOVERS
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TOP GAINERS |
TOP LOOSER |
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| Sun Pharma | 20.55 2.21 % | Adani Enterprise | -158.10 -6.00% |
| Dr Reddys Labs | 58.70 1.32% | Adani Ports | -15.80 -2.15% |
| Hero Motocorp | 28.25 1.04% | Tata Motors | -8.30 -1.57% |
| ITC | 4.35 1.01% | ICICI Bank | -12.75 -1.34% |
| IndusInd Bank | 11.55 0.92% | HDFC Bank | -21.40 -1.31% |
STOCK IN NEWS
- Ashok Leyland ; On May 23, commercial vehicle manufacturer Ashok Leyland revealed a roughly 17% decline in standalone net profit for the three months ended March 31, 2023, coming in at rs 751 crore. In the same time last year, the carmaker generated a profit of Rs 901 crore.Compared to the same quarter previous fiscal year, total operational income jumped by about 33 percent YoY to Rs 11,626 crore from Rs 8,744 crore. The total revenue for the year increased from Rs 21,688 crore in Q4FY22 to Rs 36,144 crore.
- Biocon; On May 23, the biotechnology business Biocon announced a 31% increase in its consolidated net profit for the fourth quarter of fiscal year 2022-2023, from Rs 239 crore in the January-March period of the previous fiscal to Rs 313 crore.In comparison to the same quarter previous fiscal year, operating revenue increased by 56.7 percent to Rs 3,773.9 crore, the business reported in an exchange filing.
- Mahindra CIE Automotive Ltd; According to sources speaking to CNBC-TV18 on May 23, vehicle manufacturer and promoter Mahindra & Mahindra is set to sell a 3.2 percent interest, or 1.2 crore shares, in Mahindra CIE Automotive Ltd through a block transaction soon.
- Fortis Healthcare; For the March FY23 quarter, Fortis Healthcare, a supplier of healthcare services, announced a 59% year-over-year increase in consolidated profit at Rs 138.3 crore, driven by a strong topline, strong operating results, and extraordinary gain.
- JSW Energy: Due to higher financing and fuel expenses as well as decreased other income, the utilities company’s consolidated profit for the March FY23 quarter fell by 68.5% year over year to Rs 272 crore. Compared to the same time last year, operating revenue increased by 9.4% to Rs 2,670 crore.
- NMDC: Despite dismal topline and operating data, India’s largest iron ore producer reported consolidated profit of Rs 2,277 crore for the quarter ended March FY23, increasing 22.3% year over year and bolstered by extraordinary gain. When compared to the same quarter last year, the operating revenue for the quarter dropped by 13.8% to Rs 5,851.4 crore. A final dividend of Rs 2.85 per share was issued by the firm.
- Metro Brands: Due to weaker operating margin performance, the footwear retailer’s consolidated profit for the January-March FY23 quarter fell by 0.4% year over year to Rs. 68.5 crore. In Q4FY23, operating revenue increased by 35% to Rs 544.1 crore over the same quarter the previous year.
- Amara Raja Batteries: The industry leader in industrial and automotive batteries recorded a 41% year-over-year rise in consolidated profit at Rs 139.4 crore for the March FY23 quarter. This was made possible by strong operational results after a decrease in input costs. In comparison to the same time last year, operating revenue increased by 11.4% to Rs 2,429.4 crore. An end-of-year dividend of Rs 3.20 per share was declared by the corporation.
- Varun Beverages: In order to investigate the manufacture and distribution of drinks, the firm established Varun drinks South Africa (Pty) Ltd as a wholly-owned subsidiary in Johannesburg, South Africa.
- SpiceJet: At an average price of Rs 24.88 per share, Nuvama Wealth Finance sold 68.4 lakh shares of the low-cost airline through open market transactions.