Stock Market Highlight: Sensex, Nifty 50 end off day's high, financials drag

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Share Market Update | Geojit's Vinod Nair on market

"The domestic market succeeded in holding the gains, though multiple attempts were made by bears to reverse the trend considering the weak global market. Investors are highly nervous as they await the release of US GDP and PCE inflation data, which will guide the upcoming Fed action. The Fed is expected to raise their rates by another 25bps in its announcement on 3rd May," says Vinod Nair, Head of Research at Geojit Financial Services.

Market at Close | Sensex, Nifty closes little changed following a rangebound session

Sensex rises 75 points to 60,131 and Nifty 26 points to 17,769

Nifty Bank gains 43 points to 42,679 while Midcap index slips 29 points to 31,181

All Adani Group stocks close in the green, three stocks at upper circuit

Bajaj Finance and Bajaj Finserv see buying ahead of earnings, up two percent each

IndusInd Bank ends two percent higher after a positive management commentary

HDFC group stocks see profit booking, HDFC Life falls more than three percent

Nestle reports slightly better-than-expected earnings, stock ends flat

ABB Global reporting a major increase in India orders lifts ABB India

IndiaMART rises more than two percent on company plan to consider bonus issue

Crompton Consumer slides 12 percent on top management realignment

IPCA ends with a cut of 10 percent as company announces Unichem acquisition

Market breadth neutral with advance-decline ratio at 1:1

BSE companies gains market cap of Rs 70,000 crore. 

Rupee Close | Rupee ends flat at 81.91 vs the dollar

Stock Market Update | Mahindra Holidays’ shares surge sharply after company reports 250% growth in profit

Mahindra Holidays MD & CEO Kavinder Singh while speaking to CNBC TV18 back in February had said that the company is expecting strong results from the Europe Business in Q4. In December, the company had reported mixed earnings with good performance in the domestic business while losses continue for its European arm. (Read more)

Share Market News | IndiaMART to consider bonus issue on April 28

The shares of the company are up 2.7 percent. 

Stock Market News | Zydus Life gets final US drug regulator nod for drug to treat inflammatory lesions caused by rosacea

The pharma gets final nod from the United State Food and Drug Administration nod for Metronidazole topical cream used to treat inflammatory lesions caused by rosacea.

Share Market News | HDFC AMC reports March quarter earning

The company's net profit comes at Rs 376.2 crore against Rs 369.1 crore in the previous quarter. The revenue is down 3.3 percent at Rs 541 crore against Rs 559.6 crore sequentially. The board recommends a dividend of Rs 48 per share for the financial year 2023. 

Stock Market News | Mahindra Holidays reports Q4 earnings

Net profit at Rs 56.4 crore against Rs 16.2 crore year-on-year. The revenue for the quarter under review at 31.1 percent at Rs 711.6 crore vs Rs 542.6 crore on year-on-year basis. EBITDA up 87 percent at Rs 164.7 crore vs Rs 87.9 crore year-on-year. EBITDA margin at 23.2 percent  vs 16.2 percent in the corresponding period in the preceding year. 

Market Update | Sensex up 150 points, Nifty above 17,800

The Sensex is trading 212.1 points or 0.3 percent higher at 60,268.2, while Nifty is at 17,805.6, up 0.3 percent or 62.2 points. 

Share Market Update | Voltas, Blue Star, Whirlpool Q4 report card to be hit by unseasonal rains, inflationary pressure

In terms of the valuations, in the consumer durables space, Voltas is trading at 46 times FY24 P/E, and IFB is inexpensive trading at 22 times FY24 P/E. In the consumer electrical space, Havells is the most expensive trading at over 50 times FY24 P/E, while the rest of the players are trading anywhere between 30 and 40 times FY24 P/E. (Read more)

Stock Market Update | These are four reasons why the street is sulking over the IPCA-Unichem deal

Shares of IPCA Labs are trading at a 52-week low in today's session after the company on Monday announced the acquisition of a 33.38 percent stake in Unichem Labs for Rs 1,034.06 crore. (Read more)

Share Market Update | Top Stocks To Buy/Sell

Here are two recommendations by Shrikant Chouhan of Kotak Securities:
Buy Dalmia Bharat for a target of Rs 2,050-2,100 with a stop loss at Rs 1,870 
Buy Clean Science with a target of Rs 1,550

Market Update | 11 out of 12 Nifty PSU Bank stocks are trading in the green

The Nifty PSU index is trading 1.75 percent higher at this hour. Barring Maharashtra Bank, which is down 0.8 percent, all index stocks are trading with gains. 

Global Market Cue | European markets extend losses amid earning session, Asian shares in the red

The British FTSE was last trading 0.4 percent lower. French CAC was last trading 0.8 percent lower. The biggest European market by volume, German DAX was also last trading 0.1 percent lower. (More on Europe Open)