Stock Market Today: The NSE IX’s GIFT Nifty fell by 64 points and declined upto 22,950.50. It means that Dalal Street will likely have a poor start. Even though Nvidia’s excellent revenue prediction drove its share price higher, US markets closed the day lower on Yesterday. However, this is overshadowed by economic data that indicated inflation remained a concern that might postpone any rate decreases by the Federal Reserve. In the final two weeks before the Lok Sabha elections, investors gained Rs 4.28 lakh crore as the key stock indices, Sensex and Nifty, surged 1.6% to close at all-time highs on Thursday. Tata Motors, IRB Infrastructure, SCI, L&T, and Olectra Green are the five stocks that are recommended.
Stock Market Today: Stocks in focus
Indigo
The low-cost airline InterGlobe Aviation Limited, operating as IndiGo, is based in Gurgaon, Haryana, India. In terms of both passengers carried and fleet size, it is the biggest airline in India. As of April 2024, its share of the domestic market was 60.6%. With more than 100 million passengers carried in 2023, it is the biggest airline in Asia and among the biggest in the world overall. Leading airline in India, IndiGo, reported a 106% increase in its consolidated net profit for the fourth quarter, coming in at Rs 1,895 crore.
ITC
Indian giant ITC Limited has its main office in Kolkata. It is present in six industry sectors: paper goods, packaging, agribusiness, hotels, FMCG, and information technology. Most of its income is derived from the sale of tobacco products. ITC Ltd, a diversified conglomerate, reported a 1% decrease in its consolidated net profit for the March quarter, coming in at Rs 5120 crore.
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