Stock Market Today: The Nifty was down 203.50 points, or 0.92 percent, at 21,828.80, while the Sensex was down 755.28 points, or 1.03 percent, at 72,373.49. 1836 shares fell, 94 shares were unchanged, and roughly 574 shares increased. On January 17, Indian indices opened sharply lower due to weak global markets. Among the top Nifty gainers were Bharti Airtel, HDFC Life, Reliance Industries, NTPC, and ITC; the top losers were HDFC Bank, Hindalco Industries, Tata Steel, Axis Bank, and Bajaj Auto.
Stock Market Today: Stocks in focus
Ultratech cement
Letein Valley Cement, a wholly-owned subsidiary of Ultratech Cement, has been established to mine limestone and other raw materials and to manufacture and sell cement.
HDFC Bank
Compared to Rs 12,259.49 crore YoY, the net profit for the third quarter, which concluded on December 31, was Rs 16,372 crore. The gross non-performing asset (NPA) of the private sector lender was Rs 31,011.67 crore as of the previous year, up from Rs 18,763.9 crore. This quarter’s net NPA was Rs 7664.1 crore. One major problem is the lender’s loan to deposit ratio. The management’s commentary has also been lacking. The American Depository Receipt, or ADR, of HDFC Bank has fallen by a significant 6.7%.
L&T Technology
Compared to Rs 298.2 crore a year earlier, the IT company’s net profit for the third quarter ended December 31 was Rs 336.8 crore. During the reviewed quarter, revenue was Rs 2,420 crore as opposed to Rs 2,230.5 crore YoY.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER