MARKET UPDATE: Sensex quoted at 60,164, up 34 points, while the Nifty50 was unchanged at 17,769.
Published On: Wednesday, April 26, 2023 | By: Team KnowMyStock
Opening Bell: Indian equity markets began flat on the last day of the expiry of the F&O contracts for April. The S&P BSE Sensex quoted at 60,164, up 34 points or 0.06 percent. The Nifty50, meanwhile, was unchanged at 17,769. The BSE MidCap index was in the red in the broader markets, while the BSE SmallCap index gained 0.15 percent. Individually, shares of Bajaj Auto dipped 1.37 percent as the two-wheeler major posted a 2 percent drop in profit after tax (PAT) to Rs 1,433 crore in Q4FY23, despite 12 percent year-on-year (YoY) growth in revenue to Rs 8,905 crore.
AU Small Finance Bank shares also fell 2.6 per cent. The lender reported 23 per cent YoY growth in its net profit to Rs 425 crore in Q4FY23, on the back of healthy growth in net interest income. Net interest income (NII), too, saw 30 per cent YoY rise to Rs 1,213 crore in the March quarter.
Gujarat-based PSUs, including Gujarat Alkalies, Gujarat State Fertilisers and Chemicals, and Gujarat Narmada Valley Fertilisers and Chemicals, surged up to 9 per cent after the state govenrment announced a policy of minimum dividend payout, buyback, and bonus shares for its state PSUs including seven listed players.
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