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Stock Market Today: Sensex, Nifty Snap Two Days Of Losses As RIL, TCS, Infosys Lead; FPIs Remain Net Sellers

Stock Market Today: Sensex, Nifty Snap Two Days Of Losses As RIL, TCS, Infosys Lead; FPIs Remain Net Sellers
The Bombay Stock Exchange, BSE logo sits on display outside the exchange building in Mumbai, India. (Source: Vijay Sartape / BQ Prime)
3 years ago
The S&P BSE Sensex Index closed up 368 points or 0.56% at 66,527.67 while the NSE Nifty 50 Index was 108 points or 0.55% higher at 19,753.80.

  • Revenue down 13.4% at Rs 32,848.8 crore vs Rs 37,942.1 crore (Bloomberg Estimate: 33,030.9 crore)

  • Net profit down 44.8% at Rs 1,793 crore vs Rs 3,251 crore (Bloomberg Estimate: Rs 2,740.9 crore)

  • Ebitda down 41.5% at Rs 2,660.6 crore vs Rs 4,546.5 crore (Bloomberg Estimate: Rs 2,728.7 crore)

  • Margins at 8.1% vs 11.9% (Bloomberg Estimate: 8.26%)

  • Source: Exchange filing

  • Revenue down 17.17% at Rs 8,963 crore vs Rs 10,821 crore (Bloomberg Estimate Rs 10,429.27 crore)

  • Net profit down 81% at Rs 166 crore vs Rs 877 crore (Bloomberg Estimate Rs 468.48 crore)

  • Ebitda down 40.68% at Rs 1,273 crore vs Rs 2,146 crore (Bloomberg Estimate Rs 1,940.26 crore)

  • Margins at 14.20% vs 19.83%

  • Source: Exchange filing

  • Revenue up 23.55% at Rs 491.15 crore vs Rs 397.52 crore (Bloomberg estimate: Rs 589.12 crore)

  • Net profit down 17.35% at Rs 61.53 crore vs Rs 74.45 crore (Bloomberg estimate: Rs 111.58 crore)

  • Ebitda up 15.22% at Rs 114.22 crore vs Rs 99.13 crore (Bloomberg estimate: Rs 165.59 crore)

  • Margins at 23.25% vs 24.93%

  • Source: Exchange filing

  • Revenue up 5.1% at Rs 949.8 crore vs Rs 903.4 crore

  • Net profit up 5.8% at Rs 83.2 crore vs Rs 78.6 crore

  • Ebitda down 3.5% at Rs 100.8 crore vs Rs 104.5 crore

  • Margins at 10.6% vs 11.6%

  • Source: Exchange filing

  • Revenue down 6.4% at Rs 1015.5 crore vs Rs 1084.7 crore

  • Net profit down 33.3% at Rs 57.86 crore vs Rs 86.73 crore

  • Ebitda down 28.9% at Rs 87.22 crore vs Rs 122.79 crore

  • Margins at 8.6% vs 11.3%

  • Source: Exchange filing

  • Revenue up 12.5% at Rs 923.7 crore vs Rs 820.9 crore

  • Net profit up 128.7% at Rs 16.7 crore vs Rs 7.3 crore

  • Ebitda up 68.6% at Rs 40.3 crore vs Rs 24 crore

  • Margins at 4.4% vs 2.9%

  • Source: Exchange filing

We would like to state that there is no communication, formal or informal, from RBI to Kotak Mahindra Bank or its Board members on CEO succession. Further, the bank holds all regulatory approvals including from RBI for its stake in its insurance subsidiaries and has not received any formal or informal communication to the contrary.
Source: Kotak Mahindra Bank spokesperson

The broader market indices outperformed larger peers; the S&P BSE MidCap Index was up 0.65%, whereas S&P BSE SmallCap Index was 1.13% higher.

Seventeen out of the 19 sectors compiled by BSE advanced while two sectors advanced. S&P BSE Power rose the most, while S&P BSE Fast Moving Consumer Goods fell the most.

The market breadth was skewed in the favour of the buyers. About 2,220 stocks rose, 1,319 declined, while 188 remained unchanged on the BSE.

  • Launches generative AI solutions with Google Cloud.

  • Source: Exchange filing

  • 1.76 crore equity shares representing 1.1% stake change hands in two large trades.

  • Buyers and sellers not known immediately.

  • Source: Bloomberg

The broader market indices outperformed larger peers; the S&P BSE MidCap Index was up 0.05%, whereas S&P BSE SmallCap Index was 0.59% higher.

Seven out of the 20 sectors compiled by BSE declined while thirteen sectors advanced. S&P BSE Power rose the most, while S&P BSE Fast Moving Consumer Goods fell the most.

The market breadth was skewed in the favour of the buyers. About 1,697 stocks rose, 651 declined, while 154 remained unchanged on the BSE.

Source: BSE

  • At pre-open, the S&P BSE Sensex Index was down 6 points or 0.01% at 66,154.13 while the NSE Nifty 50 Index was 20 points or 0.10% higher at 19,666.35.

  • Source: Bloomberg

  • The yield on the 10-year bond opened flat at 7.16% on Monday.

  • Source: Bloomberg

  • The local currency strengthened 3 paise to open at Rs 82.23 against the U.S dollar on Monday.

  • It closed at 82.26 on Friday.

  • Source: Bloomberg

  • Bags Rs 30,438 crore mine development and operation order from Steel Authority of India.

  • Coking coal mine to be set up in Dhanbad over 2 years.

  • Duration of the contract is 28 years.

  • Contract to be executed through a Special Purpose Vehicle.

  • Source: Exchange filing

We value Tiger Global’s involvement and support over the last several years. We remain confident in the future of Flipkart and are even more positive about the opportunity in India today than when we first invested. We continue to be impressed with Flipkart’s progress and remain focused on building a healthy, sustainable and profitable business for the long term, ensuring Flipkart continues to grow in an emerging and dynamic market.
Walmart Spokesperson

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