Ira Singh
Khabar Khabaron Ki,23 May’24
The domestic share market indices, ended Thursday’s session at a new record high, boosted by India Inc’s in-line Q4 earnings, RBI’s record dividend payout, and increasing election certainty. Buying in largecap IT stocks and banking stocks contributed to the rally in the benchmark index.At close, the Sensex was up 1,196.98 points or 1.61 percent at 75,418.04 and the Nifty was up 369.85 points or 1.64 percent at 22,967.65.
Highlights of trade:
●Nifty hits fresh record high, Sensex hits new peak,
●Nykaa shares rise 2% after Q4 PAT soars 187% YoY,
●Sun Pharma drops 3% after Q4 PAT rises 34% YoY,
●Jefferies maintains a buy rating on Sun Pharma,
●UBS maintains a neutral rating on NYKAA,
●Go Digit lists at 5% premium over IPO price on NSE,
●ITC’s Q4 profit falls marginally to Rs 5,120 crore.
Adani Enterprises, Adani Ports, Axis Bank, L&T, M&M were the biggest gainers on the Nifty, while losers included Sun Pharma, Power Grid Corp, Hindalco, Coal India and NTPC.
On the sectoral front, except metal and pharma, all other sectoral indices ended in the green with auto, bank and capital goods up 2 percent each.BSE Midcap index up 0.5 percent and Smallcap index up 0.3 percent.
Rupee Close:
On 23 May’24,the Indian rupee settled at 83.29 against the US dollar on Thursday.
Trading Guide:
Market experts have recommended buying these five shares-Tata Consumer Products, GMR Airports Infrastructure, Mahindra & Mahindra Financial Services, Divi’s Laboratories, and Infosys.