Indian Market
FII AND DII
| FII Bought | 2,198.77 Cr |
| DII Bought | 777.68 Cr |
Indian market news
- Market LIVE Updates: Sensex soars 650 points, Nifty rises to 18,250, and all sectors are in the green
- Parachute led the good Q4 performance for Marico, and analysts are looking for diversification.
- UPL shares are trading slightly higher in anticipation of strong Q4 results.
- Following a record quarterly net profit, Equitas Small Finance Bank increases by 7%.
- Brokerages are wary about value and volume despite Britannia’s gains after a strong Q4
- Coal India’s net profit falls 18% on increased provisions and falls short of expectations.
- On May 9, Mankind Pharma is probably going to launch with a double-digit premium.
- Tatva Chintan Pharmaceuticals falls 8% as margins fall short
- IndusInd Bank gains 5% and bounces back after brokerages express confidence.
- JSW Energy earns 5% from the Solar Energy Corp. power purchase agreement.
- Gains of 5% for Capacite Infra on a Rs 224 billion order
- Metals increase on a weak dollar index; Chinese steel prices rise by 2.5%
- Craftsman Auto’s Q4 net profit rises 50.7% year over year.
- CG Power’s net profit rises by 350% to Rs. 4,263 billion in one year.
- Zen Tech shares 8% higher as its Q4 earnings increases by 510%.
Indian market Today
| SENSEX | 709.96 | 1.16% | 61764.25 |
| NIFTY50 | 195.40 | 1.08% | 18264.40 |
| BANK NIFTY | 622.80 | 1.46% | 43284.00 |
INDIAN MARKET MOVERS
|
TOP GAINERS |
TOP LOOSER |
||
| IndusInd Bank top gainer | 53.05 4.94% | Coal India | -4.55 -1.92 % |
| Tata Motors | 23.40 4.90% | Adani Enterprise | -32.80 -1.71% |
| Bajaj Finance | 268.10 4.20% | Sun Pharma | -8.60 -0.89% |
| Bajaj Finserv | 45.55 3.35% | Dr Reddys Labs | -35.40 -0.72% |
| ONGC | 4.70 2.93% | Britannia | -27.60 -0.60% |
STOCK IN NEWS
- Britannia Industries: Thanks to strong operating and topline results, the bread and dairy products manufacturer increased its consolidated profit by 47.5% year over year to Rs. 557.6 crore for the quarter ended in March FY23. With Rs 4,023.2 crore in total income from operations, growth was 13.3% higher thanks to considerable distribution increases.
- Marico: Due to decreased input costs and robust operating performance, the consumer products company’s consolidated profit for the March FY23 quarter increased by 18.7% year over year to Rs 305 crore. To Rs 2,240 crore, total income climbed by 3.7 percent year over year.
- Lupin: The pharmaceutical giant, subject to French Ministry of Economy and Finance permission, entered into a binding agreement to purchase the whole share capital of Medisol, a French pharmaceutical firm.
- DCB Bank: Due to a decrease in provisions, the private sector lender’s earnings increased by 25% year over year to Rs 142 crore for the quarter ended in March FY23. Net interest income grew 28 percent YoY to Rs 486 crore with over 18 percent growth each in deposits and advances.With above 18% growth in both deposits and loans, net interest revenue increased 28 percent YoY to Rs 486 crore.
- Alembic Pharmaceuticals: The pharmaceutical business reported a quarter-over-quarter increase in profit of over seven times, or Rs. 152.6 crore, thanks to improved operating results and decreased other costs. In comparison to the same time last year, revenue decreased 0.65% to Rs 1,406.5 crore, with the US business suffering the most with a 36% decline to Rs 354 crore.
- Union Bank of India: Supported by fewer provisions and improved asset quality, the public sector lender’s standalone profit for the quarter ended in March FY23 increased by 93.3 percent year over year to Rs 2,782 crore. Profitability was also increased by higher net interest income and other sources. With a margin increase of 23 basis points to 2.98 percent for the quarter, net interest income increased by 22% year over year to Rs 8,251 crore.
- Bank of India: Despite increased provisions, the public sector lender’s standalone profit for the March FY23 quarter came in at Rs 1,350.4 crore, up 123 percent year over year. In Q4FY23, net interest income increased by 38.6% YoY to Rs 5,523.84 crore, driven by increases in deposits of 6.6 percent and worldwide advances of 13%.
- One 97 Communications: The Paytm operator reduced its losses from Rs 761.4 crore in the same period last year to Rs 168.4 crore in the March FY23 quarter. Comparing the current quarter to the same time in the previous fiscal, combined revenue increased by 51.5 percent to Rs 2,334.5 crore. The deficit decreased to Rs 1,776 crore for FY23 as opposed to Rs 2,393 crore for FY22, while revenue increased by 60.6 percent to Rs 7,990.3 crore over the same time period.