Stock Market Recap: Yesterday’s Performance
The stock market saw a downward trend throughout yesterday’s trading session. Notably, consumer durables and FMCG stocks experienced significant declines, while PSU bank stocks witnessed an upward surge.
Table of Contents
Global Market Overview
Most Asian markets closed in the red, indicating a broader regional downturn. Conversely, all European markets closed in the green, showcasing a positive sentiment in the region.
Top Gainers
Among the top gainers in the NIFTY 50 were:
- BPCL: Closed at Rs 504.20, marking a rise of 2.34%.
- Tata Motors: Ended at Rs 858.85, showing an increase of 2.12%.
- Grasim: Concluded at Rs 2,126.15, with a gain of 1.03%.
- Eicher Motors: Finished at Rs 3,704.75, up by 0.97%.
- Adani Enterprises: Closed at Rs 3,091.10, exhibiting a rise of 0.86%.
Top Losers
Conversely, the top losers in the NIFTY 50 included:
- Bajaj Finance: Closed at Rs 6,817.20, witnessing a decline of 5.21%.
- Titan: Ended at Rs 3,735.75, down by 3.39%.
- UltraTech: Concluded at Rs 9,963.60, showing a decrease of 3.02%.
- Bajaj Finserv: Finished at Rs 1,590.55, marking a decline of 2.83%.
- NTPC: Closed at Rs 315.45, with a loss of 2.80%.
Quarterly Results
Several companies released their quarterly results:
- Bajaj Finserv: Reported a 21.08% increase in net profit and a 34% increase in revenue compared to the previous year.
- Dr Reddy’s: Witnessed an 11% rise in net profit and a 7% increase in revenue.
- ITC: Posted a 6.51% increase in net profit and a 2.43% rise in revenue. Additionally, the company announced a dividend of Rs 6.25.
- NTPC: Reported a 7.3% increase in net profit despite a 3.9% decline in revenue.
- L&T: Recorded a 15.5% increase in net profit and a 19% rise in revenue.
Stocks in News
Several companies made significant announcements:
- L&T: Secured an order to set up a solar power plant in Dubai.
- Suzlon: Bagged a 642-MW wind power project.
- GAIL: Signed a deal with UAE’s ADNOC Gas for LNG procurement.
- Bharat Electronics: Announced an order worth Rs. 845 crore from the Ministry of Finance.
- Bajaj Finserv: Planned to acquire 100% equity stake in Vidal Healthcare.
- TCS: Secured a 15-year deal with Aviva.
- BPCL: Ordered 1800 DC fast EV chargers from Servotech.
IPO Corner
BLS E-Services garnered significant attention with its IPO being oversubscribed at 15.67 times, with retail subscriptions reaching 49.40 times.
1 Day Change
- Gold: Closed at Rs 62,450, showing an increase of 0.42%.
- Silver: Ended at Rs 72,380, marking a rise of 0.22%.
- USD-INR: Concluded at Rs 83.13/USD, with a decrease of 0.06%.
- Dow Jones: Closed at 38,333.45, exhibiting a rise of 0.59%.
- Nasdaq: Ended at 15,628.04, showing an increase of 1.12%.
Long Term Returns
Over the past 20 years:
- Sensex: Registered an annualized return of 13.46%.
- Nifty: Achieved an annualized return of 13.18%.
- Dow Jones: Recorded an annualized return of 6.68%.
- Nasdaq: Witnessed an annualized return of 10.64%.
These figures provide insight into the long-term performance of key indices in both Indian and US markets.
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