Banks, Wipro lift indices in fag-end; Sensex up 401 pts, Nifty tops 17,700

CLOSING BELL: The gains in benchmark indices were led by HDFC Life (up 6.4 per cent), Wipro, ICICI Bank, Titan, Axis Bank, SBI, Hero MotoCorp, Grasim, and Adani Ports

SI Reporter New Delhi

BSE

8:15 AM

Stocks to watch: RIL, ICICI Bank, YES Bank, Hindustan Zin

YES Bank: The private sector lender saw a 45 per cent YoY decline in net profit to Rs 202 crore in Q4FY23, due to doubling of provisions. NII, further, grew 15.4 per cent in the March quarter to Rs 2,105 crore on the back of a 0.30 per cent expansion in the net interest margin.

Wipro: The IT services firm is reconsidering a buy back proposal of equity shares, and the final decision will be taken on April 26-27. The outcome of the board meeting will be announced on April 27, the same day when the company will announce its Q4FY23, and FY23 results. READ MORE

8:12 AM

Chart suggests 'Sell on rise' strategy for Nifty Bank index

BANK NIFTY Index

Bias: Sell on rise

The upcoming week presents specific levels that traders should note when developing their trading strategy. Firstly, the No Trade Zone ranges from 42,310 to 42,916. This area indicates that traders should avoid initiating trades within this range as the market is currently stagnant, and there is no clear indication of price movements. READ MORE