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CLOSING BELL: Among sectors, the Nifty Private Bank, Realty, and Auto indices gained around 1.7 per cent each

Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip

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		<strong>Stock market highlights</strong>: Indian equities rode the global momentum with the benchmark indices soaring 1.2 per cent on Monday. Gains in IndusInd Bank, Tata Motors, Bajaj twins, HCL Tech, Kotak Bank, Maruti Suzuki, and HDFC twins lifted the frontline S&P BSE Sensex to 61,764, up 710 points. The Nifty50, too, climbed 203 points to settle at 18,272.</div>
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		In the broader markets, the BSE MidCap and SmallCap indices advanced 0.94 per cent and 0.56 per cent, respectively.</div>
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		Among sectors, the Nifty Private Bank, Realty, and Auto indices gained around 1.7 per cent each. The Nifty PSU Bank index was the only loser, down 0.78 per cent.</div>
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		<strong>FMCG index likely to hit 50,000</strong></div>
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		The FMCG index has risen 10 per cent since the start of the current year, with ITC, Nestle India, Radico Khaitan, and Varun Beverages zoomed 31 per cent, 12 per cent, 11 per cent and 10 per cent each. <a href="https://www.business-standard.com/markets/news/fmcg-index-likely-to-hit-50-000-itc-britannia-marico-may-rally-up-to-20-123050800228_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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Business Standard

Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip | News on Markets - Business Standard

US equities soar on Friday led by rebound in bank stocks, Apple Inc

Good morning readers! Stay tuned for live market updates with Business Standard

Stay tuned for live market updates with Business Standard.

TCNS deal may raise debt, near-term profitability risks for ABRFL: Analysts

Given that TCNS has been lagging peers in recovery and underperforming for more than two years now, only a successful turnaround of the same can create shareholder value, analysts said. <a href="https://www.business-standard.com/markets/news/tcns-deal-may-raise-debt-near-term-profitability-risks-for-abrfl-analysts-123050800216_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Marico zooms over 7% on steady Q4 performance; brokerages upbeat on outlook

For the quarter ended March 2023, Marico reported an 18.7 per cent growth in net profit at Rs 305 crore. In comparison, net profit for Q4FY22 stood at Rs 257 crore. Total income was up 5.6 per cent YoY at Rs 2,308 crore. <a href="https://www.business-standard.com/markets/news/marico-zooms-9-on-steady-q4-performance-brokerages-upgrade-stock-123050800214_1.html?1683525968" target="_blank"><strong>READ MORE</strong></a><br />
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MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5%

The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI&#39;s decision to reduce the free float of the duo in its index review this month. <a href="https://www.business-standard.com/markets/news/msci-cuts-free-float-in-adani-transmission-adani-total-gas-stocks-sink-5-123050800230_1.html?1683527700" target="_blank"><strong>READ MORE</strong></a><br />
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Coal India slips 2% as Q4 net drops on higher wages; analysts remain divided

Shares of state-owned Coal India fell 2 per cent on Monday after the world&#39;s biggest coal miner reported a 17.7 per cent drop in its March quarter net profit on higher provision made for wage revision of employees. <a href="https://www.business-standard.com/markets/news/coal-india-down-3-as-q4-net-drops-on-higher-wages-analysts-remain-divided-123050800126_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Paytm gains 5% as Q4 loss narrows; Goldman Sachs sets Rs 1,150 target

The company reported a net loss of Rs 168 crore for Q4FY23 as against a net loss of Rs 763 crore in the year ago quarter. <a href="https://www.business-standard.com/markets/news/paytm-rallies-5-as-q4-loss-narrows-goldman-sachs-sets-rs-1-150-target-123050800139_1.html?1683521680" target="_blank"><strong>READ MORE</strong></a><br />
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CLOSING BELL:: S&P BSE Sensex ends 710 pts higher at 61,764

This smallcap glass container firm has made investors richer by 5x in 5 yrs

Over the last one year, the stock has given returns of around 98 per cent, rising from Rs 298.6 apiece. The stock&#39;s 5 year-run has also been stellar with an increase of over 5 times (up 436 per cent). <a href="https://www.business-standard.com/markets/news/this-smallcap-glass-container-firm-has-made-investors-richer-by-5x-in-5-yrs-123050800360_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Sensex recovers 800 pts from Friday's low; key reasons behind the rally

The S&amp;P BSE Sensex recouped 817 points or 1.3 per cent from Friday&#39;s low to claim day&#39;s high of 61,832, whereas the NSE Nifty index recovered 224 points or 1.2 per cent to hit day&#39;s high of 18,279. <a href="https://www.business-standard.com/markets/news/sensex-recovers-over-800-points-from-friday-s-low-here-are-top-reasons-why-123050800303_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Gujarat Ambuja Exports sinks 12% as net profit more-than-halves in Q4FY23

The company&#39;s March quarter net profit more-than-halved, dropping 54.6 per cent, to Rs 69.56 crore on a year-on-year (YoY) basis. <a href="https://www.business-standard.com/markets/news/gujarat-ambuja-exports-sinks-12-as-net-profit-more-than-halves-in-q4fy23-123050800284_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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FMCG index likely to hit 50,000; ITC, Britannia, Marico may rally up to 20%

The FMCG index has risen 10 per cent since the start of the current year, with ITC, Nestle India, Radico Khaitan, and Varun Beverages zoomed 31 per cent, 12 per cent, 11 per cent and 10 per cent each. <a href="https://www.business-standard.com/markets/news/fmcg-index-likely-to-hit-50-000-itc-britannia-marico-may-rally-up-to-20-123050800228_1.html?1683527700" target="_blank"><strong>READ MORE</strong></a><br />
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The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI&#39;s decision to reduce the free float of the duo in its index review this month. <a href="https://www.business-standard.com/markets/news/msci-cuts-free-float-in-adani-transmission-adani-total-gas-stocks-sink-5-123050800230_1.html?1683527493" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Adani" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-03/08/full/1678280142-1592.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Adani" width="620" /></div>
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TCNS deal may raise debt, near-term profitability risks for ABFRL: Analysts

Given that TCNS has been lagging peers in recovery and underperforming for more than two years now, only a successful turnaround of the same can create shareholder value, analysts said. <a href="https://www.business-standard.com/markets/news/tcns-deal-may-raise-debt-near-term-profitability-risks-for-abrfl-analysts-123050800216_1.html?1683526667" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Aditya Birla Fashion &amp; Retail (ABFRL)" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/07/full/1683478816-0242.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Aditya Birla Fashion &amp; Retail (ABFRL)" /></div>
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Olectra Greentech jumps 10% after net profit rises 52% YoY in Q4

So far this calendar year (CY23), shares of Olectra have rallied 44 per cent, as against 1 per cent rise in the S&amp;P BSE Sensex. <a href="https://www.business-standard.com/markets/news/olectra-greentech-jumps-10-after-net-profit-rises-52-yoy-in-q4-123050800213_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Marico zooms 9% on steady Q4 performance; brokerages upgrade stock

Brokerage firm, Sharekhan has maintained &#39;Buy&#39; rating on the stock with target price of Rs 645 per share. Prabhudas Lilladher upgrades stock to &#39;Accumulate&#39;. <a href="https://www.business-standard.com/markets/news/marico-zooms-9-on-steady-q4-performance-brokerages-upgrade-stock-123050800214_1.html?1683525968" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Marico expands plant-based protein portfolio with Saffola Soya Bhurji" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-11/02/full/1667389963-3092.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Marico" width="620" /></div>
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Olectra Greentech soars 6% after PAT surges 60% YoY in Q4

Greenpanel Industries slips 3% after total income declines 5% YoY in Q4FY23

The company reported total income of Rs 449.93 crore for Q4FY23, down 5 per cent from Rs 473.74 crore posted during the period ended March 31, 2022.&nbsp;<br />
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How will the markets interpret the outcome of Karnataka assembly polls?

The outcome of a state election, analysts believe, does not necessarily determine the outcome of the national elections. <a href="https://www.business-standard.com/markets/news/how-will-the-markets-interpret-the-outcome-of-karnataka-assembly-polls-123050800162_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Equitas Small Finance Bank zooms 8% on solid March quarter results

Equitas SFB reported a 58 per cent jump in its net profit for the March quarter at Rs 190 crore, which was the lender&#39;s highest-ever profit. <a href="https://www.business-standard.com/markets/news/equitas-small-finance-bank-zooms-8-on-solid-march-quarter-results-123050800156_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Paytm soars over 5% on narrowing losses in Q4; stock up 50% in six months

The company reported a net loss of Rs 168 crore for Q4FY23 as against a net loss of Rs 763 crore in the year ago quarter. <a href="https://www.business-standard.com/markets/news/paytm-soars-over-5-on-narrowing-losses-in-q4-stock-up-50-in-six-months-123050800139_1.html?1683519203" target="_blank"><strong>READ MORE</strong></a><br />
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Coal India down 3% as Q4 net drops on higher wages; analysts remain divided

Shares of state-owned Coal India Ltd fell 2.7 per cent to Rs 230.7 per share in the intra-day trade on Monday after the world&#39;s biggest coal miner reported a&nbsp; 17.7 per cent drop in its March quarter net profit on higher provision made for wage revision of employees. <a href="https://www.business-standard.com/markets/news/coal-india-down-3-as-q4-net-drops-on-higher-wages-analysts-remain-divided-123050800126_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Coal India" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-03/27/full/1679929152-9587.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Coal India" /></div>
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Bharat Forge rises 2% on management rejig; Kedar Dixit to take CFO role

Kishore Saletore will step down from the post of chief financial officer (CFO) with effect from closure of business hours on Friday, June 30, 2023. The Board has approved the appointment of Kedar Dixit as CFO and Key Managerial Person of the Company with effect from Saturday, July 1, 2023.<br />
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Amara Raja up 3% after it launches Gigafactory in Telangana

The company has begun work on &lsquo;Amara Raja Giga Corridor&rsquo; that aims to produce Lithium Cell and Battery Packs with an ultimate capacity of up to 16GWh, and up to 5GWh, respectively.<br />
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PNC Infratech surges 3% after it won contract from Haryana Orbital Rail Corporation

The company has won an EPC project worth Rs 771.46 crore from Haryana Orbital Rail Corporation.<br />
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ABFRL gains 1% after it acquires controlling stake in TCNS Clothing

Aditya Birla Fashion and Retail (ABFRL) has entered into a definitive agreement to acquire controlling stake (51 per cent) in TCNS Clothing for Rs 1,650 crore.&nbsp;<br />
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Shares of private bank, realty upbeat; PSBs down

Midcaps, smallcaps climb up to 0.5%; India VIX jumps 3%

OPENING BELL: Sensex starts over 250 points higher, above 61,350

OPENING BELL: Nifty50 opens over 50 points higher, above 18,150

PRE-OPEN SESSION: Sensex climbs over 100pts, above 61,150 levels

PRE-OPEN SESSION: Nifty50 trades above 18,100 levels

Q&A: FIIs gung-ho on India from medium-term viewpoint, says Nomura's Saion Mukherjee

It has been a topsy-turvy four months into calendar year 2023 (CY23) for global equity markets. Saion Mukherjee, managing director and head of equity research for India at Nomura Securities says a big worry, not discounted by markets at current levels, is the possibility of weaker growth back home or a sharp cyclical downturn. <a href="https://www.business-standard.com/markets/interviews/fiis-gung-ho-on-india-from-medium-term-viewpoint-saion-mukherjee-123050700455_1.html" target="_blank"><strong>READ HERE</strong><br />
<img alt="Factoring in the positives and negatives, there is still a downside risk to aggregate earnings over the next few quarters: Saion Mukherjee" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/17/full/1650217066-7914.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></a>

WATCH: Should you add silver to your portfolio?

All that glitters is not gold, as it could be silver too. The white metal has seen a strong performance this year in line with gold, given the recessionary risks in the West and elevated inflation.<br />
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="460" scrolling="no" src="https://www.youtube.com/embed/U0Xz0WvCrk0" title="Should you add silver to your portfolio?" width="600"></iframe>

NEW LISTING: Mankind Pharma eyeing up to 10% listing gain today

As per ipowatch.com, the stock is commading a GMP of Rs 100 and could list up to 10 per cent higher over the issue price of Rs 1,080.&nbsp;<br />
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	<img align="" alt="Mankind Pharma" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-12/06/full/1575571612-9897.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 464px;" title="Mankind Pharma" />
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		Mankind Pharma | Photo: Website</div>
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Paytm, ABFRL, Coal India, BoI, Adani Power among top stocks to watch today

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	<strong>Aditya Birla Fashion, TCNS:</strong> Aditya Birla Fashion and Retail (ABFRL) has entered into a definitive agreement to acquire controlling stake (51 per cent) in TCNS Clothing for Rs 1,650 crore.&nbsp;</div>
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	<strong>Dr Reddy&#39;s Labs: </strong>Dr Reddy&#39;s Laboratories Ltd, on Friday, announced the launch of Regadenoson injection, used as an agent in the imaging of heart muscle to check blood flow, in the US market. <a href="https://www.business-standard.com/markets/news/paytm-abfrl-coal-india-boi-adani-power-among-top-stocks-to-watch-today-123050800081_1.html" target="_blank"><strong>READ MORE</strong><br />
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SGX Nifty hints at flat-to-positive start

Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip

CLOSING BELL: Among sectors, the Nifty Private Bank, Realty, and Auto indices gained around 1.7 per cent each

Asian markets trade mixed in early deals

US equities soar on Friday led by rebound in bank stocks, Apple Inc

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