NIFTY50: 21,618 ▲ 73 (+0.3%)
SENSEX: 71,657 ▲ 271 (+0.3%)
- Benchmark indices staged recovery amid high volatility
- In all, 26 of the NIFTY50 stocks closed in the green
- The ECB maintained the key interest rate at a 22-year high of 4.5% for the second consecutive time to combat inflation
Among the NIFTY sectoral indices, Media (+3.4%) and Metal (+0.9%) were the top gainers, while FMCG (-0.4%) and PSU Bank (-0.2%) were the top losers.
What's Up
| Top gainers | Today's change |
| Adani Enterprises | 3,107 ▲ 93 (+3.0%) |
| Cipla | 1,328 ▲ 39 (+3.0%) |
| Reliance | 2,655 ▲ 74 (+2.8%) |
What's Down
| Top losers | Today's change |
| Divi’s Labs | 3,904 ▼ 79 (-2.0%) |
| NTPC | 313 ▼ 6.3 (-1.9%) |
| BPCL | 451 ▼ 8.8 (-1.9% ) |
Market Sentiment
| USD-INR | 83.03 ▼ 0.08 (-0.1%) |
| NIFTY MIDCAP 100 | 47,107 ▲ 137 (+0.2%) |
| NIFTY SMALLCAP 100 | 15,386 ▼ 23 (-0.1%) |
| India VIX | 12.97 ▼ 0.29 (-2.2%) |
Stock Buzz
⭐ Delta Corp falls after muted Q3 result
Shares of the casino and online gaming operator declined nearly 5% in early trade. However, they recovered in the second half to close 2.9% higher. This was after the company reported a 59% year-on-year fall in its net profit to ₹34.4 crore in Q3 FY24. Its consolidated revenue also declined by 15% YoY to ₹231.7 crore. As per the company, introduction of 28% GST on the total face value of bets impacted its business revenue.
⭐ Puravankara hits 52-week high on robust sales
The real estate developer reported sales of ₹1,241 crore in Q3 FY24, surged 56% compared to ₹796 crore in the same quarter of the previous year. During the quarter, the company launched two new projects. Its customer collection stood at ₹941 crore, up 52% YoY. Meanwhile, shares of the company closed 6.1% higher today.
⭐ Pondy Oxide hits 52-week high
Shares of the leading chemical manufacturer soared 10% and reached a new 52-week high of ₹801 per share after the company signed a Memorandum of Understanding (MoU) with the Tamil Nadu government. As per the agreement, the company committed to investing ₹300 to ₹500 crore in state-of-the-art recycling and manufacturing plants over the next five years.
⭐ KIOCL falls after operations suspension
Shares of the Mini Ratna company closed 2.5% lower today. This came after the company announced the temporary suspension of its pellet plant unit in Mangalore due to the unavailability of iron-ore fines. The plant had previously been shut down for a week in December under similar circumstances.
IPO Corner
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Learn with Upstox
What is the consolidated result of a company?
The consolidated result refers to financial information that combines the accounts of a parent company and its subsidiaries into one comprehensive set of financial statements. It provides a complete picture of the overall financial performance of the entire group or company. In simpler terms, it's like looking at the combined financial results of a main company along with all the other companies it owns or controls.
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