Market Movements :

Nifty slips in trade, falls towards 24,300; HDFC Bank, UltraTech Cement top contributors: Rupee gains, Gold Up. TVS Motor posts good results.  Gensol Engg.slides more! PSBs post better results.Markets swing !

Indian benchmark indices Nifty 50 and Sensex opened today’s trade session in the green. Nifty 60 opened at 24,370.70, while Sensex opened at 80,396.92.

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Indian benchmark indices Nifty 50 and Sensex opened today’s trade session in the green. Nifty 60 opened at 24,370.70, while Sensex opened at 80,396.92.

Overnight, Wall Street indices ended little changed. Asian stocks witnessed a cautious open in early trade today.

Investor attention is on quarterly results of Bajaj Finance, Bajaj Finserv, Trent, BPCL, Ambuja Cements today.

Oberoi Realty, Gensol Engineering, IndusInd Bank, Central Bank of India, UCO Bank, Castrol India, AWL Agri Business, Aurobindo Pharma, Nippon Life, KFin Tech, Firstsource, Adani Total Gas, PNB Housing Finance, Go Digit, Fino Payments Bank are among the stocks in focus today.

Gensol Shares Hits Lower Circuit, Dips Over 50% In A Month

Shares of Gensol Engineering Ltd. continued their southward journey on Tuesday, April 29, falling another 5% to hit a fresh lower circuit limit. The crisis-hit company has lost 55% of its market value so far this month.

The company shares hit the lower circuit, slumping to ₹81.36 per share.

Reliance Industries Gains 8% In Two Consecutive Sessions

Reliance Industries shares are in the green for the second consecutive day today. The stock has gained 8.12% in the past two sessions. Reliance Industries reported a resilient fourth quarter with a positive surprise coming in from the retail vertical, which grew over 16% from last year.

 Nifty 50 Falls Towards 24,300; UltraTech Cement, Dr Reddy’s Laboratories Top Losers

UltraTech Cement, Dr Reddy’s Laboratories, Eicher Motors, Power Grid, Coal India are the top Nifty 50 losers. A total of 32 of the 50 stocks are trading with losses.

Defence stocks GRSE, Cochin Shipyard, HAL Extend Gains For Second Straight Day

The shares of India’s major defence companies surged on Tuesday. The companies that witnessed a surge include the likes of Garden Reach Shipbuilders, Data Patterns, Cochin Shipyard, Mazagon Dock Shipbuilders, and Hindustan Aeronautics, among others, and have surged between 5% and 8%.

Whirlpool India Extends Gains For Second Day, Up 9%

Shares of Whirlpool of India are in the green for the second day today. The stock gained over 9% to hit an intraday high of Rs 1,317 apiece.
The stock has gained 24.8% in the past month.

 

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