Stock Market Today: GIFT traded 0.65 per cent lower at 21681. Nifty closed 0.76 percent lower at 21,578.20, while Sensex fell 0.73 percent to open at 71,035. The 30-share BSE Sensex closed with a surge of nearly 600 points approximately at 71,655. During the intraday period, the gauge fluctuated between a high of 71,662 and a low of 70,924. Along with the overall NSE Nifty, which had 39 of its components close in the green and 11 in the red, it surged 127.20 points, or 0.59%, to close at nearly 21,743. Following losses on Wall Street, Tokyo markets opened lower on Wednesday as expectations for a swift reduction in interest rates by the Federal Reserve were dashed by persistently high US inflation figures. The NSE IX’s GIFT Nifty fell 204 points, or 0.93 percent, to 21,614.50 on Wednesday, indicating that Dalal Street is likely to have a poor start to the week.
Stock Market Today shares in focus
IRCTC
For the quarter ending in December, IRCTC declared a net profit of Rs 300 crore. Operational revenue was Rs 1,118 crore. In the third quarter, UFlex recorded sales of Rs 3345 crore, a 4% decrease from the previous year. For the quarter, adjusted EBITDA was Rs 426 crore, a 4% increase from the previous year.
BPCL
According to sources, on Wednesday, BPCL Trust may sell stock in the fuel retailer valued between Rs 400 and Rs 500 crore through a block deal. In the third quarter, Nalco’s net profit increased by 84% year over year to Rs 470 crore. Operational revenue rose by 2% to Rs 3,347 crore.
Adani Groups
Moody’s Investors Service has amended its outlook for four Adani Group companies, including Adani Green, back to “Stable” one year after first downgrading it to “Negative.” The attention will be on the shares of M&M, Muthoot Finance, and Sun TV when they release their third quarter earnings.
Hindalco
For the quarter that concluded in December 2023, Hindalco Industries recorded a 71% increase in its consolidated net profit of Rs 2331 crore on Tuesday. According to an ET Now story, Wipro would pay $66 million to purchase a 60% interest in Aggne Global.
ZEE
Leading media business ZEE said on Tuesday that its consolidated net profit for the quarter ending in December increased by 141% to Rs 58.5 crore.
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