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Market At Close | Sensex, Nifty up nearly 1%
Here are some highlights:
--Reliance Industries at lifetime high, first Indian co to cross $250 billion market cap
--HUL top Nifty gainer after better-than-expected Jan-Mar earnings
--FMCG stocks outperform, Nifty FMCG up 2 percent
--Laurus Labs erases day’s gains following earnings
--Ruchi Soya gives up day’s gains
--Energy stocks gain; PowerGrid, NTPC up 2.5 percent
--Coromandel International top F&O gainer on strong earnings
--Bajaj Auto gives up day’s gains, top Nifty loser
--Life insurance co stocks rise; HDFC Life, SBI Life up nearly 4 percent
--BHEL up 3 percent after co bags order from Indian Navy
Closing Bell | Sensex up 702 pts, Nifty50 at 17,245
Both headline indices finish the day 1.2 percent higher. The Sensex rises 701.7 points to end at 57,521.1 and the Nifty50 settles at 17,245.1, up 206.7 points from its previous close.
SBI Life Jan-Mar APE up 4% At Rs 4,130 crore
Bajaj Finserv Consolidated Q4 earnings | Net profit up 37.5% at Rs 1,346 crore Vs Rs 979 crore (YoY)
Procter & Gamble Hygiene and Health Care Ltd. announced 20% rise in PAT
Procter & Gamble Hygiene and Health Care Ltd. announced results for the quarter ended March 31, 2022. The company delivered sales of Rs 973 crores, up 28 percent vs a year ago. The company had a one-time other income during the quarter from the intercompany sale of inventory.
Fertiliser subsidy bill likely to inch up to Rs 2.50 lakh cr this fiscal
Fertiliser Minister is likely to begin talks with Saudi Arabia, Oman, Morocco to increase fertiliser imports, sources told CNBC-TV18.
This IT stock erased 12% of investors’ wealth in a month but 45% jump in profit is driving it higher
Shares of Persistent Systems rose more than 5 percent in intraday trade on Thursday, a day after the IT firm posted a strong quarterly performance for the January to March 2022 period, beating Street estimates. At 11:30 am, the tech company’s stock was trading at Rs 4,113.90, up 0.91 percent from its previous close, on the National Stock Exchange. (Read Here)
Mahindra Lifespace shares rally nearly 8% after earnings announcement
Mahindra Lifespace shares gained close to 8 percent on the BSE on Thursday after the company's consolidated total income stood at Rs 408.2 crore in the last fiscal, against Rs 187.8 crore FY21, according to a regulatory filing.
Capacite Infra bags orders worth Rs 826.5 cr for development of Multispeciality hospital in Bhandup, Mumbai & Construction of Residential Project in Navi Mumbai
Exxon’s Russian unit declares force majeure for Sakhalin-1 operations: Reuters
Exxon had in March announced about discontinuing Russian operations.
ONGC Videsh holds 20 percent in the Sakhalin-1 block. Mangalore Refinery gets cheaper crude from this Russian block.
Varun Beverages Jan Mar net profit nearly doubles to Rs 254 crore, revenue up 26%
The company's board approved a bonus of one share for every two held.
Reliance Industries becomes first Indian co to hit $250 billion market cap
Reliance Industries shares gain by as much as Rs 56.6 or two percent to a record Rs 2,834.5 apiece on BSE.
The market cap gap between two of India’s most valued companies -- Reliance Industries and Tata Consultancy Services (TCS) -- has widened further in last four months.
Reliance saw an increase of nearly $20 billion in 2022. TCS saw a decline of almost $20 billion.
Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.