MARKET UPDATE: Sensex at 60,343 in early deals, trading 43 points higher, while the Nifty50 held above 17,800-mark
Published On: Thursday, April 27, 2023 | By: Team KnowMyStock
Opening Bell: Indian benchmark indices were volatile today(27 April 2023), as traders prepare for the monthly F&O expiry. The S&P BSE Sensex was at 60,343 in early deals, trading 43 points higher, while the Nifty50 held above 17,800-mark. In the broader markets, the BSE MidCap index was flat, and SmallCap index added 0.24 per cent. Shares of Bajaj Finance gained 2.45 per cent. The company's consolidated net profit rose 30 per cent YoY to Rs 3,158 crore in Q4FY23, on the back of higher net interest income (NII). The board recommended dividend payout of Rs 30 per share.
In addition, shares of Indus Towers advanced 3.5 per cent even as Indus Towers' fiscal fourth-quarter net profit fell 23 per cent on year as the telecom infrastructure provider continued to provide towards doubtful dues from its largest customer, Vodafone Idea.
LTTS, too, rallied 4 per cent after the company's revenue from operations rose to Rs 2,096.2 crore in Q4FY23, as against Rs 1,756.1 crore, in the year-ago period. Net profit, too, rose 15 per cent 18.1 per cent to Rs 310.9 crore in Q4FY23 from Rs 263.2 crore in Q4FY22.
Sectorwise, the Nifty PSU Bank, Private Bank, and Realty indices added 0.3 per cent each. On the flipside, the Nifty Media index dipped 0.2 per cent.
HDFC Life surged 7 per cent after the RBI allowed HDFC Ltd to hold its share in the subsidiary post the merger with HDFC Bank.
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