YES Bank Q1 PAT surges 355% YoY to Rs 207 cr
SC rejects teclo’s plea to recalculate AGR dues
HC says probe into Amazon and Flipkart to continue
Shriram Housing Finance charts Rs 10,000-cr AUM growth map by FY24
Tesla lobbies India for lower import taxes on EVs
Let us take a quick glance at what happened on Dalal Street today.
Domestic benchmark indices gained for the second straight session, thanks to buying in banking and FMCG counters. However, the gains were capped due to subdued trading in the global markets. The stellar listing of Zomato grabbed most of the attention. BSE Sensex rallied about 140 points to settle just shy of the 53,000 mark. Nifty50 ended the week at 15,857, adding 32 points. BSE midcap index ended in the red, whereas smallcap index gained mildly. Fear gauge India VIX eased a per cent.
ICICI Bank and ITC led the gainers on BSE Sensex, jumping 3 per cent each. They were followed by SBI and HCL Tech, which surged 2 per cent each. Axis Bank, Bajaj Finserv, Tech Mahindra, Sun Pharma and Kotak Mahindra Bank added a per cent each. On the flip side, L&T tanked 2 per cent. HUL, Reliance Industries, NTPC and Asian Paints shed up to a per cent each. About 470 stocks hit upper circuit limits for the day and over 180 stocks tested their 52-week highs during the day.
We have Arijit Malakar from Ashika Stock Broking with us to share his views on the day’s action and the road ahead:
Welcome to the show, sir:
1. Do you see more IPOs from new age companies after the stellar listing of Zomato?
2. The Supreme Court rejected teclos’ plea on AGR recalculation. Will it lead to duopoly in the industry?
We also caught up with Nilesh Jain of Centrum Broking to decode the technical charts for you.
1. Nifty50 hit 15,900 in today’s session. What do the weekly charts suggest about the index?
2. Nifty Bank showed decent strength recently. Where is it headed now?
Asian markets ended lower for the day. Major European markets were trading with gains in the first few hours of trade. US stock futures were up hinting towards a positive start to US equities later in the day.
That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!
