Nifty and Sensex ended their three-day losing streak, with gains of around 0.75% following improved global cues. Dow and Nasdaq futures indicate a positive start.
Brent Crude: 79.07 -0.04%
USD INR Spot: 83.1338 0.01%.
India 10Y Bond yield: 7.181 0.04%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Aarti Industries was the top gainer.
Zee Entertainment Enterprises was the top loser.
Earnings Update:
Central Bank Of India: Net Profit: Rs. 718 cr 57% YoY; NII: Rs. 3,152 cr 4% YoY.
Hindustan Zinc: Net Profit: Rs. 2,038 cr 17% YoY; Revenue: Rs. 7,310 cr 7% YoY.
HUL: Net Profit: Rs. 2,519 cr 0.6% YoY; Revenue: Rs. 15,188 cr 0.3% YoY.
Paytm: Net Loss: Rs. 221.7 cr vs. Rs. 392 cr YoY; Revenue: Rs. 2,850.5 cr 38% YoY.
Reliance Industries: Net Profit: Rs. 17,265 cr 9.3% YoY; Revenue: Rs. 248,160 cr 3.2% YoY.
Ultratech Cement: Net Profit: Rs. 1,777 cr 68% YoY; Revenue: Rs. 16,487 cr 8% YoY.
News
OPEC’s share in India’s crude imports hit a historic low in 2023, while India’s procurement of discounted Russian oil surged, indicating a strategic shift away from Middle Eastern suppliers to cut freight costs.
Lupin’s stock price reached a 52-week high of Rs 1,441.75 after receiving FDA approval to launch a gout drug in the U.S., adding to its growing list of product approvals for the American market.
Suzuki Motorcycle India has partnered with SMFG India Credit to offer financing for its two-wheelers, as per an MoU. SMFG India Credit is an NBFC-ICC registered with the RBI and part of Sumitomo Mitsui Financial Group (SMFG).
Tata Consumer plans to raise Rs 6,500 crore to finance recent Capital Foods and Organic India acquisitions. This funding will include issuing commercial papers up to Rs 3,500 crore for bridge funding.