MARKET UPDATE: Sensex quoted at 59,810, up 242 points whereas Nifty50 held above 17,650-mark
Published On: Thursday, April 20, 2023 | By: Team KnowMyStock
Opening Bell: Indian equity markets steadied themselves today( 20 April 2023) as investors assessed Q4 earnings and global cues. The S&P BSE Sensex, after starting flat, quoted at 59,810, up 242 points or 0.4 percent, while the Nifty50 held above the 17,650 mark. Individually, Titan, Ultratech Cement, Asian Paints, Tata Motors, Bajaj Finserv, ITC, and M&M were the large caps that lifted the benchmarks. In the broader market, the BSE MidCap and SmallCap indices added 0.18 percent and 0.4 percent, respectively. Sectorally, the Nifty Pharma index was down 0.37 percent, while the Nifty Auto was up 0.2 percent. All other indices were flat on either side.
Among stocks, ICICI Securities tumbled 5 per cent after the company has reported a 22.8 per cent year-on-year decline in consolidated profit at Rs 262.7 crore for quarter ended March FY23.
Mastek shares, on the other hand, advanced 3.7 per cent as the IT services company recorded a 13.07 per cent sequential growth in consolidated profit at Rs 72.6 crore for March FY23 quarter. Revenue for the quarter grew by 7.7 per cent QoQ to Rs 709.2 crore with growth across operations.
In addition, Tata Communications shares were up 1 per cent. The company has registered a 10.7 per cent year-on-year decline in consolidated profit at Rs 326 crore for Q4FY23. Revenue for the quarter grew by 7.2 per cent YoY to Rs 4,569 crore.
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