Stock Market Today: Nifty, Sensex Back In Red After One-Day Gain As Infosys, ICICI Bank Drag
The NSE Nifty 50 and BSE Sensex declined for second week in a row.
KEY HIGHLIGHTS
Stock Market Live: Nifty, Sensex Decline For Second Week
Nifty declined 0.4% for the week, drag by Nifty FMCG.
ITC and Godrej Consumer Products fall the most in Nifty FMCG.
UltraTech Cement and Grasim Industries fall the most in Nifty.
Broader Market Indices outperformed Benchmark Indices this week.
Nifty Midcap 150 jumps more than 1% for the week, led by Suzlon energy and BSE.
Nifty smallcap 250 jumps 1.7% for the week, led by MMTC and ITI.
Nifty FMCG, Oil and Gas, Auto, IT fall for the 2nd week in a row.
Nifty Realty gains for the 3rd week in a row.
Nifty Metal snaps two week gaining streak.
Nifty PSU Banks, Nifty Bank gains for the 3rd week in a row.
Nifty fall for the 2nd consecutive week.
Rupee Closes Weaker Against US Dollar
Rupee closed 5 paise weaker at 85.58 against US Dollar
It closed at 85.53 a dollar on Thursday
Source: Bloomberg
Stock Market Today: TCPL Packaging Share Price Slumps As Q4 Net Profit Declines
TCPL Packaging Q4 Highlights (Consolidated, YoY)
Revenue up 5.5% to Rs 422 crore versus Rs 401 crore.
Ebitda up 2.4% to Rs 72.1 crore versus Rs 70.4 crore.
Margin at 17.1% versus 17.6%.
Net Profit up 32.8% to Rs 38 crore versus Rs 28.6 crore.
Stock Market Live: LTIMindtree Appoints Venugopal Lambu As MD
LTIMindtree Ltd. appointed Venugopal Lambu as managing director and chief executive officer with effect from May 31, the company said in an exchange filing.
Stock Market Today: PNC Infratech Share Price Falls As Q4 Net Profit Declines
PNC Infratech Q4 Highlights (Consolidated, YoY)
Revenue down 34.47% at Rs 1704.11 crore vs Rs 2600.15 crore
Ebitda down 50.79% at Rs 362.33 crore vs Rs 736.2 crore
Margin at 21.26% vs 28.31% down 705 bps
Net profit down 80.94% at Rs 75.43 crore vs Rs 395.89 crore
For faster update on fourth-quarter earnings click here.
