Market
India a beacon of growth amid global market challenges, says Morgan Stanley's Jonathan Garner
2 Min Read
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“The index remained within a range as the lack of a breakout on either side failed to provide any directional movement. Significant Call writing was observed at the 23000 strike price, followed by the 23100 and 22900 strikes. In comparison to the heavy Call writing, Put writers were less active, leading to a decline in the PCR. The high India VIX suggests that market volatility might remain elevated. On the higher end, the 22950-23000 zone might act as a strong resistance, and any rise may attract selling pressure. On the lower end, the Nifty might drift down towards 22800/22600,” says Rupak De, Senior Technical Analyst, LKP Securities.
Midcap Underperformance Keeps Mkt Breadth In Favour Of Declines
Volatility Index Surges To 2-year High While All Indices End Lower
Nifty Fails To Hold 22,900, Slips More Than 100 Points From Highs
Sensex Falls 220 Points To 75,170 & Nifty 44 Points To 22,888
Nifty Bank Slips 140 Points To 49,142 & Midcap Index 467 Points To 52,295
Divi’s Labs Gains Another 3% Today On Strong Q4 Earnings, Is Top Nifty Gainer
Hero Moto Sees Short Covering Ahead Of Expiry, Is Up 2%
Glenmark Rises For 2nd Straight Day On Healthy Outlook, Up 12% In 2 Days
USL’s Outlook For Double-digit Rev Growth In FY25 Boosts the Stock, Up 4%
Sun TV Surges Ahead Of Expiry Despite Below-than-expected Q4, Up 4%
Muthoot Fin Remains In Focus Ahead Of Earnings, Is At A Record High
Concord, PB Fin, Prudent, Timken & Inox Wind React To Block Deals
Defence Names See Profit Booking, HAL Amongst Top Midcap Losers
Info Edge Continues To Trend Lower On Muted IT Hiring, Slips 4% In 2 Days
Insurance Stocks See Buying, SBI Life, HDFC Life & Max Fin Up 2-3%
– Net profit up 34.9% at ₹99.7 cr vs ₹73.8 cr (YoY)
– Revenue up 26% at ₹1,425 cr vs ₹1,134 cr (YoY)
– EBITDA up 27.3% at ₹203.2 cr vs ₹160 cr (YoY)
– Margin at 14.3% vs 14.1% (YoY)
Shares of RITES Ltd. are trading with losses on Tuesday after the company’s March quarter results.
The company declared a dividend of ₹5 per equity share which have a face value of ₹10 each. This is the highest payout the company has declared since September last year.