Stock Market Today: The 30-share BSE Sensex rose 349 points, or 0.58%, to close at 60,649. The NSE Nifty gained 101 points, or 0.57%, to close at 17,915. Nifty futures on the Singapore Exchange traded 67 points, or 0.37 percent, higher at 18,060, indicating that Dalal Street was set to open the day positively.
Tokyo stocks open higher with eyes on BoJ decision
As investors anticipate the Bank of Japan’s policy decision later in the day, Tokyo equities began higher on Friday, matching advances on Wall Street.In early trade, the Nikkei 225 index was up 0.90 percent, or 254.89 points, to 28,712.57, while the wider Topix index was up 0.90 percent, or 18.20 points, to 2,050.71.
Stock Market Today: Wall Street and Rupees
The Nasdaq led a Wall Street rise on Thursday, as a solid quarterly report from Facebook parent Meta Platforms Inc outweighed fears over slowing US economic growth.
The rupee gave up all of its early gains to close 5 paise lower at 81.79 against the US dollar on Thursday, owing to a strengthening greenback overseas and foreign capital outflows.
Stock Market Today: Oil set for second weekly drop as recession fears, rates cloud outlook
Oil prices were little changed on Friday, but are likely to fall for the second week in a row due to weak economic statistics from the United States, the world’s largest oil user, and uncertainty about future interest rate hikes, which have prompted fears about future fuel consumption.
Nifty forms a long bull candle on F&O expiry day
Nifty concluded the April derivative series with a lengthy bullish candle and hit higher highs for the fourth day, indicating an upside breakout of the range action. The momentum indicator has created a new bullish crossover on the daily charts, which is likely to accelerate the current uptrend.
Axis Bank Q4 Result
Private sector lender Axis Bank on April 27 reported a standalone loss of Rs 5,728.42 crore for the March quarter of FY23 due to the buying cost of Citi Bank’s India consumer business during the quarter.
The profit excluding the impact of exceptional items would have been Rs 6,625.29 crore for the quarter, a massive 61 percent growth against the reported profit of Rs 4,117.77 crore in the corresponding period last fiscal.
Wipro Q4 Results
Wipro reported a 0.4 percent YoY decrease in its consolidated net profit for the quarter ended March 2023 (Q4FY23) at Rs 3075 crore, compared to Rs 3,087 crore a year ago, on April 27.
In the previous quarter, the company generated a profit of Rs 3,053 crore. Wipro said in an exchange statement that its consolidated revenue from operations was Rs 23,190 crore, up 11.2 percent from Rs 20,860 crore in the same period previous year.
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