Stock Market Today: Nifty, Sensex Log Worst Week In Nearly Two Months
The Nifty ended 0.44% or 97.10 points higher at 22,054.60 and the Sensex rose 248.45 points or 0.34% to close at 72,652.62.
KEY HIGHLIGHTS
Rupee Strengthens Against U.S. Dollar
-The local currency strengthened by 2 paise to close at 83.49 against the U.S dollar.
-It closed at 83.51 on Thursday.
Source: Bloomberg
Nifty, Sensex Log Worst Week In Nearly Two Months: Closing Bell
Benchmark equity indices logged their worst week in nearly months as they lost nearly 2% this week. Today, the indices ended higher after five sessions led by gains in BPCL and Hero MotoCorp.
The Nifty ended 0.44% or 97.10 points higher at 22,054.60 and the Sensex rose 248.45 points or 0.34% to close at 72,652.62. On a weekly basis, the Nifty lost 1.87% and the Sensex lost 1.64%, marking their worst week since the one that ended March 15.
Both the Nifty and Bank nifty has given a very bad weekly close and they are on a very critical support zone, said Kunal Shah, senior technical & derivative analyst at LKP Securities. He added that the last hope for Nifty is 21,800, if that breaks correction will continue to 21,200 mark.
For Nifty Bank, the larger part of the correction is over, said Shah. The next immediate support will be 47050 which is a 100-day exponential moving average.
Shares of ITC Ltd., Reliance Industries Ltd., Bharti Airtel Ltd., NTPC Ltd., and Hindustan Unilever Ltd. contributed the most to the gains.
While those of Tata Consultancy Services Ltd., HDFC Bank Ltd., Infosys Ltd., Kotak Mahindra Bank Ltd., and Mahindra & Mahindra Ltd. capped the upside.
Most sectors ended the week lower but Nifty FMCG, Nifty Auto, and Nifty IT outperformed.
Broader markets outperformed benchmark indices. The S&P BSE Midcap ended 0.81% higher, and the S&P BSE Smallcap settled 0.80% higher.
On BSE, 16 sectoral indices advanced, and four declined out of 20. The S&P BSE Utilities was the top performing sector, while the S&P BSE IT index emerged as the worst performing sector among peers on Friday.
Market breadth was skewed in favour of buyers. Around 2,216 stock advanced, 1,590 stocks fell, and 125 stocks remained unchanged on BSE.
Bank Of Baroda Q4 Earnings Highlights
Net profit at Rs 4,886 crore vs Rs 4,775 crore, up 2.3% YoY
NII at Rs 11,792 crore vs Rs 11,525 crore, up 2% YoY
Gross NPA at 2.92% vs 3.08% QoQ
Net NPA at 0.68% vs 0.70% QoQ
Fine Organic Industries Q4 Highlights (Consolidated, YoY)
Revenue at Rs 546.88 crore vs Rs 596.63 crore, down 8.34%
EBITDA at Rs 143.49 crore vs Rs 202.44 crore, down 29.11%
Margin at 26.23% vs 33.93%, down 769 bps
Net profit at Rs 114.55 crore vs Rs 149.44 crore, down 23.34%
US FDA Completes Inspection At Aurobindo Pharma Unit
US FDA completes inspection at Unit VII of Apitoria Pharma with 1 observation
Source: Exchange Filing
