Stock Market Today: Sensex, Nifty Extend Gains For Second Day As UltraTech, M&M Lead; IT, Pharma Gain
Intraday, the NSE Nifty 50 rose 0.5% to 23,270, and the S&P BSE Sensex advanced 0.44% to 76,743.
Stock Market Live: Rupee Closes Weaker Against Dollar
Rupee weakened by 14 paise to close at 86.47 against the US dollar.
It closed at 86.33 on Wednesday.
Source: Bloomberg
Closing Bell: Nifty, Sensex End Higher For Second Day
Indian benchmark indices extended their gains to day two on Thursday led by UltraTech Cement Ltd. and information technology stocks on positive earnings and optimism over Donald Trump's AI Policies.
The S&P BSE Sensex closed 115 points or 0.15%, up at 76,520, while the NSE Nifty 50 was 50 points or 0.22%, higher at 23,205.3. Intraday, the NSE Nifty 50 rose 0.5% to 23,270, and the S&P BSE Sensex advanced 0.44% to 76,743.
Shares of Coforge Ltd. and Persistent Systems Ltd. surged 11% and 12%, respectively on positive third-quarter earnings. Tech sentiments were also buoyed by Trump's push to make the US an AI superpower by having fewer guardrails.
Most Asian stocks advanced during the session after China reassured investors of the government’s commitment to supporting the market. The MSCI Asia Pacific index climbed for the fourth session, set for the longest winning streak in nearly a month, according to Bloomberg. Benchmark in China CSI 300 Index by as much as 1.8% before paring some gains.
UltraTech Cement Ltd., Mahindra & Mahindra Ltd., Sun Pharmaceutical Industries Ltd., Infosys Ltd. and ITC Ltd., led the advance in Nifty 50 index.
Reliance Industries Ltd., Kotak Mahindra Bank Ltd., State Bank of India, HCL Technologies Ltd. and Hindustan Unilever Ltd. weighed on the benchmark index.
Eight out of the 12 sectors on the NSE advanced, with Nifty IT and Nifty Media rising the most on Wednesday. Nifty Oil and Gas fell the most in trade. The Oil and Gas index fell for the third day in a row.
On BSE, 18 sectors advanced and three declined out of 21. The BSE Consumer Durables rose the most, and the BSE Oil and Gas declined the most.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 1.78% and 0.67% higher, respectively.
Market breadth was skewed in favour of buyers. Around 2,137 stocks advanced, 1,825 stocks declined, and 105 stocks remained unchanged on BSE.
Stock Market Live: Zee Shares Rise After Q3 Results
Zee Entertainment Q3 Highlights (Consolidated, YoY)
Revenue down 3% to Rs 1,979 crore versus Rs 2,045 crore.
Ebitda up 52% to Rs 318 crore versus Rs 209 crore.
Margin at 16.1% versus 10.2%.
Net profit up 141% to Rs 163 crore versus Rs 53 crore.
Stock Market Live: Adani Energy Net Profit Rises 73%
Shares of Adani Energy Solutions Ltd. rose after the company reported a 73% jump in its net profit for the third-quarter.
Adani Energy Solutions Q3 Highlights (Consolidated, YoY)
Revenue up 28% to Rs 5,830 crore versus Rs 4,562.7 crore.
Ebitda up 39% to Rs 2,125 crore versus Rs 1,527 crore.
Margin at 36.5% versus 33.5%
Net profit up 73% to Rs 562 crore versus Rs 325 crore.
Stock Market Live: Multiple Block Deals Hit D-Street
Indian markets saw multiple block deals hit the street at around 2 p.m. with shares of companies like Zomato Ltd. and Reliance Industries Ltd. change hands.
Paytm: 1.87 million shares traded in a block.
Zomato: 12 million shares traded in a block.
Max Financial: 1.36 million shares traded in a block.
Federal Bank: 2.45 million shares traded in a block.
Fortis Health: 2.58 million shares traded in
Source: Bloomberg
