Top 5 stocks of the day: Top Nifty gainers included NTPC, Adani Ports, Tata Motors, Bajaj Auto, and Asian Paints, while losers included Divis Labs, Eicher Motors, HUL, Dr. Reddy’s Laboratories, and JSW Steel. While buying was observed in the capital goods, power, infra, and banking names, the pharma index and real estate index of the various sectors both had declines of 1% and 0.5%, respectively. The midcap and smallcap indices on the BSE finished level.
Top 5 stocks of the day: Sensex and NSE Nifty50
In a choppy day on April 20, benchmark indices closed slightly higher. The Nifty was up 5.70 points or 0.03 percent at 17,624.50 at closure, and the Sensex was up 64.55 points or 0.11 percent at 59,632.35. A total of 1,853 shares increased, 1,549 declined, and 129 were unchanged.
Education loan kitty of NBFCs may grow 35-40% to Rs 35,000 crore in FY24
According to a research released on April 20 by rating agency Crisil, the portfolio of education loans held by non-banking financial firms (NBFCs) is expected to increase by 35 to 40 percent in the fiscal year 2023–2024 due to specialised business models and a growth in the number of students studying abroad.
According to Krishnan Sitaraman, Senior Director and Deputy Chief Ratings Officer, Crisil Ratings, “rapid loan disbursal, supported by the adequate risk classification of foreign universities both institute-wise and course-wise, and structured loan repayment terms have helped these NBFCs serve the financing requirements of students travelling abroad in an optimal manner.”
NIFTY 500 Top Stock Losers
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Alok Industries | 11.95 | -7 | 17.82m |
| Thyrocare Techn | 474.45 | -5.94 | 129.19k |
| Greenpanel Ind | 297.15 | -4.91 | 1.68m |
| Brightcom Group | 12.65 | -4.89 | 1.88m |
| ICICI Securitie | 440.70 | -4.41 | 875.68k |
| AAVAS Financier | 1,687.50 | -4.1 | 466.61k |
| Gland | 1,360.00 | -4.02 | 2.46m |
| Divis Labs | 3,219.65 | -3.68 | 797.47k |
| Varun Beverages | 1,388.65 | -3.57 | 1.02m |
| Fine Organics | 4,298.10 | -3.55 | 36.81k |
Top 5 stocks of the day: Dollar steadies after strong U.S. bank results
After good U.S. banking results reinforced expectations that the Federal Reserve will maintain its strict monetary policy for a little longer, the U.S. dollar stabilised on Thursday.
The dollar index, which measures the value of the dollar against a basket of its competitors, decreased by 0.07 percent to 101.92 on Monday after falling to its lowest point since early February on Friday.
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