Experts believe the current news cycle may keep the stock prices of related players volatile in the near term, but any fundamental or direct impact, in the long run, remains improbable.
The conditions for the strategic divestment of IDBI Bank could facilitate its merger with other financial entities, including commercial banks, said an official. Read more in our top headlines
The index EPS tracks the combined earnings of the 30 companies that are part of the Sensex
CLOSING BELL: nfosys, ICICI Bank, Kotak Bank, ITC, and Tata Steel were the large-caps that helped the 30-pack index bounce back from lows
Gains in RIL propelled market during the week
CLOSING BELL: The Nifty IT index was the only gainer, up 0.45 per cent
High crude oil prices, lacklustre macroeconomic data and foreign fund outflows also played spoilsport
CLOSING BELL: Reliance Industries (RIL) was the biggest contributor, accounting for over 65 per cent of today's gains, as its shares surged 3.6 per cent
The rupee on Wednesday recovered from its record low to close 20 paise higher at 77.51 (provisional) against the greenback
CLOSING BELL: The Nifty50 index shut shop at 16,523, down 62 points or 0.37 per cent
The broader NSE Nifty declined 76.85 points or 0.46 per cent to end at 16,584.55
For the full financial year ended 2022, the logistic tech company's net loss swelled to Rs 1,011 crore, compared to Rs 415.7 crore in the previous year.
CLOSING BELL: Sun Pharma, Kotak Bank, HDFC, SBI, Reliance Industries, Shree Cement, and HDFC Life fell up to 3.5 per cent.
Stocks to Watch: Investors will react to LIC and Delhivery's Q4 numbers. The domestic GDP data for March quarter, slated to be released later today, will also be keenly monitored.
On a weekly basis, the Sensex climbed 558.27 points or 1.02 per cent, while the Nifty gained 86.30 points or 0.53 per cent
CLOSING BELL: Apollo Hospitals, Tech M, HDFC Life, Hero MotoCorp, IndusInd Bank, Bajaj Finance, Wipro, Infosys, L&T, HUL, and Bajaj Finserv zoomed over 2.5 per cent on the Nifty
On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15
So far this month, the benchmark Sensex and the Nifty indices are down 5 per cent
CLOSING BELL: The S&P BSE Sensex traded in a broad range of 921 points on Thursday as it hit a high and low of 54,346 and 53,425, respectively
While strong lobbying to reverse curbs is expected, share prices are seen hitting new 52-week lows before the new season rolls in