OPENING BELL
Stock market LIVE updates: Equity markets edged lower on Friday, after over a per cent decline on Wednesday. The S&P BSE Sensex declined 238 points, or 0.4 per cent, to hover around 59,967 levels in early deals.
The NSE Nifty50, meanwhile, was at 17,832 level, down 60 points or 0.33 per cent. In the broader markets, the BSE MidCap and SmallCap indices lost 0.01 per cent and 0.02 per cent, respectively.
Among individual stocks, Tata Motors surged 5 per cent as the company posted a consolidated net profit of Rs 3,043 crore in Q3FY23, after clocking losses for seven straight quarters. This came on the back of a strong order book, better semiconductor chip supply, tempered commodity prices, and a better product mix.
Meanwhile, shares of Adani Enterprises slumped 5 per cent amid the ongoing controversy with Hindenburg Research. For now, the US-based activist investor has said it stands by its report and shall demand company documents in the US courts. The said statement came after Adani Group said it was examining legal action against Hindenburg. Other group stocks like Adani Ports, Adani Wilmar, and Adani Total Gas tanked up to 17 per cent.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
