Summary
Thank you, readers! That's all from CNBCTV18.com's live market coverage on April 26, 2023. Stay tuned for other updates on our website: CNBCTV18.com.
You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News
And on Facebook, LinkedIn, Instagram and Telegram
Download our mobile app for Android and iOS platforms
Share Market Update | Geojit's Vinod Nair on market
"The domestic bourses mirrored the mood on Wall Street as soft economic data and underwhelming earnings dragged US equities to a weak close yesterday. However, the market gradually recovered after an uptick in US futures, with the earnings of tech companies providing support. Adding to investors' concerns about a possible recession, the US consumer confidence data for April hit a nine-month low ahead of the upcoming Fed policy meeting," says Vinod Nair, Head of Research at Geojit Financial Services.
Market at Close | Nifty holds 17,800 amid a rangebound session
Financials relatively outperform with HDFC Bank being top contributor
Sensex rises 170 points to 60,301 and Nifty 44 points to 17,814
Nifty Bank gains 151 points to 42,830 and Midcap index 48 points to 31,229
FMCG names like Tata Cons and Nestle end the session with gains on strong March quarter
Maruti announces one million capacity increase, reports in-line earnings, stock up 0.3 percent
Bajaj Auto sees profit booking following better-than-expected Q4
Gujarat PSU companies surge on new payout proposal, stocks rise up to 20 percent.
Bajaj Finance and Bajaj Finserv slip while HUL, Voltas, LTTS and OFSS surge ahead of earnings
ABB extends Tuesday’s gains as India Order Og Global Co rises 46 percent on year-on-year basis.
IPCA slips to lowest levels in thre years, down 20 percent in two days on Unichem acquisition
Crompton Cons falls further, slips 14 percent in two session on management realignment
MCX sees a sharp fall, down over six percent as Chief Technology Officer resigns
Market breadth slightly favours advances, adv-decline ratio at 5:4
BSE companies add market capitalisation of more than Rs 80,000 crore on Wednesday
Rupee rises to a one-month high against US dollar
Rupee Check | Rupee ends higher at 81.77 vs dollar
Market Update | Indices gain in last hour of trade
The Sensex is up 211.7 points or 0.3 percent at 60,342.4, while Nifty 50 is trading at 17,826.2, up 0.3 percent or 57 points from its previous close.
Market Update | Sensex up 200 points, Nifty 50 above 17,800
The Sensex is up 197.3 points or 0.3 percent at 60,328, while Nifty 50 is trading at 17,818.15, up 0.3 percent or 48.9 points from its previous close.
Share Market Update | Shares of Gujarat Alkalies jump 18%
The shares of of the company are up 17.8 percent at Rs 737. The company says that the company would work as per Gujarat government guidelines on dividend distribution.
Nifty 50 Update | Market expert Prakash Diwan on Maruti Suzuki
“The set of numbers (Q4FY23) are not disappointing. In fact, Maruti, on a scale that it works, has been able to maintain its market share and realisation as well through the last many quarters and I am sure this quarter, at 10.4 percent margin gives same indication. So, I do not see any disappointments," says Diwan.
Maruti Suzuki Q4 Result | Crossed Rs 1 lakh crore turnover mark
The company says it has registered the highest-ever annual sales volume, exports, turnover and profit, have crossed Rs 1 lakh crore turnover mark.
Maruti Suzuki Q4 | Shares of the Nifty 50 company rise
The shares of the carmaker are up 0.7 percent. The shares are up over one percent from intraday low.
Maruti Suzuki Q4 Results | Revenue, Net profit miss expectations
On a standalone basis, the company reported a net profit of Rs 2,623 crore, lower than a CNBC-TV18 poll, which had pegged the profit figure at Rs 2,773 crore. (Read more on Maruti Suzuki Q4)
Maruti Suzuki Q4 | Maruti to increase capacity by up to 1 million units
The company says it will increase capacity by up to 1 million units financed by internal accruals. The carmaker also announces capacity addition to meet market demand including exports.
Maruti Suzuki Q4 | Here's how the company has fared on year-on-year basis
| Q4FY23 | YoY Change | |
| Profit (Rs crore) | 2,623 | +42.6% |
| Revenue (Rs crore) | 32,048 | +19.9% |
| EBITDA (Rs crore) | 3,350 | +38% |
| Margin | 10.4% | +130 bps |
Maruti Suzuki Q4 | Here's how the company has fared vs estimates
| Q4FY23 | Vs Estimates | |
| Profit (Rs crore) | 2,623 | -5.4% |
| Revenue (Rs crore) | 32,048 | -1.9% |
| EBITDA (Rs crore) | 3,350 | -4.9% |
| Margin | 10.4% | -30 bps |
Nifty 50 Update | Maruti Suzuki reports March quarter earnings
Profit at Rs 2,623 crore against estimates of Rs 2,773 crore, while standalone revenue comes at Rs 32,048 crore against CNBC-TV18 poll of Rs 32, 675.