Top 5 stocks of the day: Infosys Ltd., Kotak Mahindra Bank Bank Ltd., TCS Ltd., Reliance Industries Ltd. and HDFC Bank Ltd. adversely affected the change in the Nifty 50 index. while ITC Ltd., Bharti Airtel Ltd., IndusInd Bank Ltd., Maruti Suzuki India Ltd., Hero MotoCorp Ltd. and BPCL Ltd. positively increased the change.
Top 5 stocks of the day: Sensex and NSE Nifty50
Indian stock indices opened on a mixed note and fell as the HDFC twins traded ex-dividend on Tuesday. While media, real estate and IT. The biggest losers were the sectors, only auto stocks improved. The SandP BSE Sensex index fell over 400 points from 62,000, while the NSE Nifty 50 remained below the 18,200 level.
Japanese stocks continued their winning streak as better-than-expected economic growth added optimism to the market’s outlook. The Topix index rose for a fourth day after the gauge closed at its highest level since 1990 on Tuesday, while the Nikkei 225 rose for a fifth day. South Korean stocks rose and Australian stocks fell.
Bharti Airtel Shares Rise As Q4 Profit Beats Estimates
Bharti Airtel Ltd. shares rose after reporting better-than-expected revenue in March, although profit per user was unchanged.
Net profit of India’s second-largest telecom operator rose 61.68% to Rs 4,226 crore in the quarter ended March 31 from the previous three months, according to a stock exchange filing on Tuesday. This was on the back of revenues which rose 0.47% to Rs 36,009 crore compared to the previous quarter. Analysts tracked by Bloomberg pegged the top line at ₹ 36,743.82 and the bottom line at ₹ 2,881.46.
Top 5 stocks of the day: Broader Markets Outperform
Broader markets outperformed major markets; The SandP BSE MidCap index rose 0.11%, while the SandP BSE SmallCap index gained 0.58%. Out of 19 sectors compiled by BSE, seven declined while 12 sectors advanced in business.
Market breadth increased in favor of buyers. On the BSE, around 1,765 stocks advanced, 808 declined and 108 were unchanged.
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