Stock Market Live: Nifty, Sensex Resume Rally After One-Day Blip; HDFC Bank, L&T Top Gainers
Auto stocks are under pressure on Thursday after the US President Trump imposed a 25% tariff on auto imports.
Stock Market At Close: Indices End With Gains
Benchmark indices ended Thursday's trading session with gains.
Sensex closed the session 0.41% higher at 77,606.43
Nifty 50 closed the session 0.45% higher at 23,591.95
Nifty Bank, PSU Bank, Metal, FMCG, Oil and Gas, Realty, snaps 2 days losing streak
Nifty Pharma ends lower for the 3rd day.
Nifty Micap150 gains 0.4% for the day, led by Thermax, Hitachi Energy
Nifty PSU Bank emerged as top sectoral gainer for the day, led by Bank of Baroda, PNB.
Nifty Midcap 150, Smallcap 250 snaps two days losing streak.
Rupee Closes Weaker Against US Dollar
Rupee weakened 7 paise to close at 85.78 against US dollar
It ended at 85.71 a dollar on Wednesday
Source: Bloomberg
Stock Market Near Closing Bells
Benchmark indices near market close were trading higher. Nifty 50 was up 0.45% at 23,593.70 and Sensex was up 0.43% at 77,622.78
Careedge Ratings On Hospitality Industry
To see 35% to 40% increase in bed capacity in 3-5 years vs FY24 levels
Current investment strategies of the industry aim to promote ongoing growth
Most expansion are brownfield projects; focus on operation & maintenance expansions
Players currently appear well-positioned to achieve profitable growth
Corp hospital chains to see a 10-12% YoY sales growth in FY25, FY26
Corp hospital chains to see a 5-6% rise in avg revenue/ occupied bed
Corp hospital chains to see a 100-200 basis point improvement
Adani Energy Share Price Surges
The company is in pact with REC Power Development to acquire 100% stake in Mahan Transmission
MTL to evacuate 1,230 MW of power from Adani Power’s upcoming 1,600 MW expansion units at Mahan in Singrauli & feed into state grid
Source: Exchange filing
