Stock Market Today: Sensex Ends Over 700 Points Down; Nifty Falls Over 1% As HDFC Bank Drags

• The NSE Nifty 50 and BSE Sensex declined for third sessions in a row.

• The Nifty 50 and Sensex ended 1.05% and 1.06% down, respectively.

• HDFC Bank Ltd., Reliance Industries Ltd., and ICICI Bank Ltd. weighed on the Nifty 50 index.

• Tata Steel Ltd., Coal India Ltd., and Oil Natural Gas Corp limited gains to the Nifty 50 index.

• The NSE Nifty Defence was the worst performing index, while the NSE IT index logged the least gain

• The NSE Nifty Midcap 150 and NSE Nifty Smallcap 250 ended 1.56% and 0.90% lower, respectively.

• Rupee closed 24 paise weaker at 85.64 against US Dollar

• It closed at 85.40 a dollar on Monday

Source: Bloomberg

Solar Industries Ltd. share price declined 4.59% to Rs 13,075 apiece despite reporting good performance in the fourth quarter.

Solar Industries Q4 Highlight (Consolidated, YoY)

• Revenue up 34.5% to Rs 2,166.55 crore versus Rs 1,610.71 crore.

• Net Profit up 37% to Rs 322.23 crore versus Rs 235.05 crore.

• Ebitda up 53% to Rs 539.67 crore versus Rs 353.70 crore.

• Margin at 24.9% versus 22.0%.

• Announces dividend of Rs 10 per share.

Hindalco Industries Q4 Highlights (Consolidated, QoQ)

• Revenue up 11.1% to Rs 64,890.00 crore versus Rs 58,390.00 crore.

• Net Profit up 41% to Rs 5,283.00 crore versus Rs 3,735.00 crore.

• Ebitda up 17% to Rs 8,836.00 crore versus Rs 7,583.00 crore.

• Margin at 13.6% versus 13.0%.

• To pay dividend of Rs 5 per share.

• Revenue down 1% to Rs 294 crore versus Rs 297 crore.

• Net Profit up 17.8% to Rs 76.9 crore versus Rs 65.3 crore.

• Ebitda at Rs 106 crore versus Rs 49.6 crore.

• Margin at 36.2% versus 16.7%.