Stock market LIVE updates: Mirroring weak global cues, the benchmark indices started trade with losses of around a per cent each on Friday. The S&P BSE Sensex tanked to a low of 57,244, but managed to recover on buying in select index heavyweights.
The Sensex was down around 300 points at 57,600 odd levels, while the Nifty pulled back to near 17,300-odd levels.
The broader markets were exihibiting a mixed trend. The BSE MidCap index was down 0.1 per cent while the BSE SmallCap added 0.4 per cent. The overall breadth was marginally positive.
Most of the sectoral indices were in negative zone, down up a per cent (Metal index).
Buzzing stocks
Shares of Rallis India dipped 9 per cent to Rs 255 on the BSE in Friday’s intra-day trade after the company reported a consolidated net loss of Rs 14 crore in March quarter (Q4FY22), on higher raw material cost. The stock of the Tata Group and a subsidiary of Tata Chemicals had posted a profit after tax of Rs 8 crore in a year ago quarter. READ MORE
were up 3 per cent to Rs 1,135 on the BSE in Friday’s intra-day trade in an otherwise weak market. The rally comes after the IT major delivered revenue growth of 1.1 per cent quarter-on-quarter (QoQ) in constant currency terms in March quarter (Q4FY22), with a strong growth in services, which was up 5 per cent QoQ in CC terms.
On the other hand, Adani Power entered the list of top-50, most valued companies, in terms of market captialisation (market cap), in the country as the stock price of company more-than-doubled in the past one month. READ MORE
Private lender ICICI Bank is all set to report its March quarter (Q4FY22) result on Saturday, April 23. The bank, analysts say, may report a 46 per cent year-on-year (YoY) rise in net profit while net interest income (NII) could grow about 20 per cent YoY on an average. READ MORE
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