Domestic equity markets were seen hovering around the previous day’s close owing to mixed trend in index heavyweights. Reliance Industries and select banking shares held gains, while FMCG majors ITC and Hindustan Unilever lost ground.
Domestic equity markets were seen hovering around the previous day’s close owing to mixed trend in index heavyweights. Reliance Industries and select banking shares held gains, while FMCG majors ITC and Hindustan Unilever lost ground.
At noon, the S&P BSE Sensex was down 50-odd points at 60,985, while the NSE Nifty was more or less unmoved.
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Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices gained up to 0.2 per cent.
Sectorally, Nifty Media and Nifty Metal indices climbed up to 0.8 per cent, whereas Nifty FMCG, and Nifty Pharma indices dropped up to 0.9 per cent.
Among individual stocks, shares of Torrent Power soared 9 per cent after the company reported 88 per cent YoY growth in its consolidated net profit at Rs 694.54 crore in Q3FY23. READ MORE
Besides, shares of Bharat Forge dipped 7 per cent as the company’s overseas operations posted an EBITDA (earnings before interest, taxes, depreciation, and amortization) loss of Rs 62 crore in Q3FY23. READ MORE
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