Stock Market Today: Sensex, Nifty End At Record Closing Highs As HDFC Bank, Tata Motors Lead
Both the indices closed at their highest levels. The Nifty 50 closed at 24857.30, up 0.09% or 21.20 points and the Sensex closed at 81455.40, up 0.12% or 99.56 points.
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KEY HIGHLIGHTS
Rupee Ends Flat Against US Dollar
-The rupee closed flat at 83.72 against the US dollar.
-The local currency fell to a record low of 83.74 during the day.
-It closed at 83.73 on Monday.
Source: Bloomberg
Sensex, Nifty End At Record Closing Highs As HDFC Bank, Tata Motors Lead: Closing Bell
Benchmark equity indices recorded their highest close as they continued their gains for a third consecutive session on the back of gains in HDFC Bank, Tata Motors, and NTPC.
Both the indices closed at their highest levels. The Nifty 50 closed at 24857.30, up 0.09% or 21.20 points and the Sensex closed at 81455.40, up 0.12% or 99.56 points.
"Nifty 50 has made a DOJI candlestick pattern which indicates an indecisiveness between the bulls and bears." said Aditya Gaggar, director of Progressive Shares. "A psychological level of 25,000 will continue to act as a strong barrier while immediate support is placed at 24,800 followed by 24,660."
Shares of Tata Motors Ltd., HDFC Bank Ltd., NTPC Ltd., Power Grid Corp. Ltd., and Titan Co. Ltd. kept the index from falling.
While those of Reliance Industries Ltd., ITC Ltd., ICICI Bank Ltd., Bharti Airtel Ltd., and Tata Consultancy Services Ltd. weighed.
Most sectoral indices were higher at close with Nifty Energy leading and Nifty FMCG was the top loser.
Market breadth was skewed in favour of buyers. Around 2,296 stocks advance, 1,597 stocks declined, and 130 stocks remained unchanged on BSE.
Broader markets outperformed benchmark indices. The S&P BSE Midcap and Smallcap indices were trading 0.27% and 0.88% higher, respectively.
On BSE, 16 sectors advanced, and four declined out of 20. The S&P BSE Utilities rose the most, while the S&P BSE FMCG declined the most.
Indian Oil Q1 Earnings (QoQ)
Net profit down 45.4% at Rs 2,643 crore vs Rs 4,838 crore
Revenue down 1.8% at Rs 1.93 lakh crore vs Rs 1.97 lakh crore
EBITDA down 60.5% at Rs 8,635 crore vs Rs 21,875 crore
Margin down at 4.5% vs 11%
Force Motors Q1 Earnings (Consolidated, YoY)
Net profit up 68.7% at Rs 116 crore vs Rs 69 crore
Revenue up 26.7% at Rs 1,885 crore vs Rs 1,486 crore
EBITDA up 38% at Rs 249 crore vs Rs 181 crore
Margin at 13.2% vs 12.1%
Carborundum Universal Q1 Earnings (Consolidated, YoY)
Net profit down 2.5% at Rs 115 crore vs Rs 118 crore
Revenue down 0.5% at Rs 1,197 crore vs Rs 1,203 crore
EBITDA up 14.3% at Rs 194 crore vs Rs 169 crore
Margin at 16.2% vs 14.1%
