Stock Market Today: Sensex, Nifty Gain For A Fourth Day As Kotak, Infosys, Axis Lead
Sensex closed up 123 points or 0.20% at 62,969.13 while Nifty was higher 35 points or 0.19% at 18,633.85.
KEY HIGHLIGHTS
- Oldest First
Apollo Hospitals Q4 (YoY, Consolidated)
Revenue up 21% at Rs 4,302 crore Vs Rs 3,546 crore (BBG estimate : Rs 4,316 crore)
Net profit up 60% to Rs 145 crore Vs Rs 90 crore (BBG estimate : Rs 203 crore Profit)
EBITDA up 5% to Rs 488 crore from Rs 463 crore (BBG estimate : Rs 514 crore Profit)
Margins at 11.3% Vs 13.1% (BBG estimate : 11.9%)
Source: Exchange filing
Sensex, Nifty Advance For The Fourth Day In A Row
Indian equity benchmarks advanced for the fourth day after after a tepid start to the day on Tuesday. The headline indices end at a five-month high as the S&P BSE Sensex Index inched closer to 63,000-level, whereas, the NSE Nifty 50 Index ended above 18,600-mark.
U.S. stock futures advanced on hopes that Congress will pass a debt accord to head off a default as White House and Republican congressional leaders stepped up lobbying in support of the deal. Contracts on the S&P 500 and Nasdaq 100 rose 0.5% and 1% respectively. Nvidia Corp. advanced 3.1% in premarket trading after CEO Jensen Huang unveiled several AI-related products and services.
European stocks fluctuated. Nestle SA and Unilever Plc declined after both announced the appointment of new chief financial officers, underscoring a changing of the guard at consumer-goods companies as inflation pressures the industry.
The Hang Seng China Enterprises Index dropped as much as 1% on Tuesday, marking the fifth day of declines and taking its losses from a Jan. 27 peak to about 20%.
If Congress approves the U.S. debt ceiling deal, the treasury department may soon replenish its cash balance and sell more than $1 trillion of bills through the end of the third quarter, according to Bloomberg estimates.
The S&P BSE Sensex Index closed up 123 points or 0.20% at 62,969.13 while the NSE Nifty 50 Index was higher 35 points or 0.19% at 18,633.85.
Larsen and Toubro Ltd., Tata Steel Ltd., Adani Enterprises Ltd., Hindalco Industries Ltd., and Sun Pharmaceutical Industries Ltd. were negatively adding to the change in the Nifty 50 Index.
Whereas, Infosys Ltd., Kotak Mahindra Bank Ltd., Axis Bank Ltd., Bajaj Finance Ltd., and HCL Technologies Ltd. were positively contributing to the change.
The broader markets indices ended higher; the S&P BSE MidCap Index was up 0.16%, whereas S&P BSE SmallCap Index was higher by 0.22%.
Eleven out of the 19 sectors compiled by BSE advanced, while eight sectors declined in trade with S&P BSE Metal declining the most.
The market breadth was split between the sellers and the buyers. About 1,706 stocks rose 1,791 declined, and 117 remained unchanged on the BSE.