Indian Market
FII AND DII
| FII Bought | 1414.73 Cr |
| DII Bought | 441.56 Cr |
Indian market news
- Nifty is about 18,050, and the Sensex falls 700 points; the major losers are HDFC Bank, HDFC, and IndusInd Bank.
- Bharat Forge shares rise on a decline in Q4 profitability
- Shares of FACT fall 10% as Q4 net profit declines 27%.
- BHEL tops the Nifty 200 losers’ league as profit-taking drives the stock down 7%.
- Due to strong Q4 profits, Sundram Fasteners shares rises to a record high with a 5% Increase.
- CEAT soars on a 5x increase in Q4 profitability and unexpected gross-margin expansion.
- AGI Greenpac increases by 20% on strong Q4 results
- Brokerages anticipate a 20% increase in HDFC following a solid Q4 performance.
- Hero MotoCorp shares increase as Q4 results surpass market expectations.
- Manappuram Finance falls 14% as the ED freezes assets worth Rs 143 crore.
- TVS Motors’ shares rise 5% on the strength of its profits and forecast.
- After an MSCI change, the combined HDFC entity might lose $200 million.
- Britannia may boost Q4 topline by 13%, driven by price increases and market share gains.
- Economic slowdown might negatively impact Nifty profits, but BofA keeps the goal at 18,000
Indian market Today
| SENSEX | -694.96 | -1.13% | 61054.29 |
| NIFTY50 | -188.00 | -1.03% | 18067.80 |
| BANK NIFTY | -1014.40 | -2.32% | 42671.00 |
INDIAN MARKET MOVERS
|
TOP GAINERS |
TOP LOOSER |
||
| Titan Company | 62.90 2.36 % | HDFC Bank | -100.85 -5.84% |
| Maruti Suzuki | 149.40 1.70% | HDFC | -159.15 -5.56% |
| UltraTechCement | 121.90 1.62% | IndusInd Bank | -51.85-4.57% |
| Nestle | 306.35 1.41% | Hindalco | -10.50 -2.36% |
| Hero Motocorp | 30.30 1.21% | Tata Steel | -2.35 -2.12% |
STOCK IN NEWS
- Adani Enterprises: To strengthen the local technology ecosystem in the area, the Adani Group is building an integrated data centre and technology business park in Andhra Pradesh. 300 MW of data centre capacity, fueled by up to 100% renewable energy, will be housed in the park.
- Rattanindia Power: The business reported a consolidated loss of Rs 483.2 crore for the quarter ended March FY23, up from Rs 310.4 crore in the same period previous year, as financing costs increased by 9% and other income decreased by 58% YoY. At Rs 900.6 crore, operating revenue for the quarter climbed 9.4% over the same period last year.
- Hero MotoCorp Powered by strong growth in operating performance and topline, Hero MotoCorp, the world’s biggest motorcycle and scooter manufacturer by volume, saw a 37% year-over-year increase in profit for the quarter ended March FY23. Compared to the same quarter last year, operating revenue increased by 12% to Rs 8,307 crore, while volume increased by 7% over the same time.
- Tata Power business: On the back of a low base and greater other income, the power production and distribution business reported a staggering 48.5% year-over-year increase in consolidated profit at Rs 939 crore for the March FY23 quarter. In Q4FY23, operating revenue increased by 4.1% year over year to Rs 12,454 crore.
- Bombay Dyeing and Manufacturing company: Due to poor operational results and rising finance costs, the business recorded a consolidated loss of Rs 246.09 crore for the March FY23 quarter, up from a loss of Rs 41.7 crore in the comparable period previous year.
- Blue Star: The producer of air conditioners saw a threefold rise in profit year over year for the quarter that ended in March FY23, thanks mostly to operating performance and a gain of Rs 170.81 crore on the sale of a land parcel in Thane.
- AGI Greenpac: Backed by strong topline and operating performance, the packaging goods firm reported a staggering 152% year-over-year increase in profit for the January-March FY23 quarter, coming in at Rs 95.8 crore. In Q4FY23, operating revenue increased by 58% YoY to Rs 680 crore.
- TVS Motor Company: The two- and three-wheeler maker recorded profit of Rs 410 crore for the quarter ended March FY23, an increase of 50% over the corresponding quarter in the prior year, and above analyst expectations on all fronts. Sales volume climbed merely 1.4% to 8.68 lakh units over the same time, resulting in a 19.4% increase in operating revenue to Rs 6,605 crore for the quarter.