BREAKING NEWS
India Daybook – Stocks in News
Date: March 15, 2023
Market Highlights:
The Indian stock market is buzzing with activity today, with several stocks making significant moves. Here are the top stocks in news that are impacting the market:
1. Reliance Industries Ltd. (RIL): The company’s shares surged by 4.5% after it reported a 15.6% year-on-year (YoY) increase in net profit for the quarter ended December 31, 2022. The company’s consolidated revenue grew by 18.6% YoY to ₹2,13,813 crore.
2. Hindustan Unilever Ltd. (HUL): The FMCG major’s shares dipped by 2.1% after the company reported a 6.1% YoY decline in net profit for the quarter ended December 31, 2022. The company’s revenue grew by 4.6% YoY to ₹32,436 crore.
3. Tata Consultancy Services Ltd. (TCS): The IT major’s shares rose by 1.8% after the company reported a 4.3% YoY increase in net profit for the quarter ended December 31, 2022. The company’s revenue grew by 6.1% YoY to ₹48,746 crore.
4. Bajaj Finance Ltd. (BAJFINANCE): The NBFC major’s shares fell by 3.2% after the company reported a 12.1% YoY decline in net profit for the quarter ended December 31, 2022. The company’s revenue grew by 14.1% YoY to ₹13,444 crore.
5. Axis Bank Ltd. (AXISBANK): The private sector lender’s shares rose by 2.5% after the company reported a 34.1% YoY increase in net profit for the quarter ended December 31, 2022. The company’s revenue grew by 10.2% YoY to ₹23,411 crore.
Market Trends:
- The Nifty 50 index rose by 0.5% to 17,343.15 points.
- The Sensex index rose by 0.4% to 58,446.15 points.
- The BSE MidCap index rose by 0.7% to 25,541.15 points.
- The BSE SmallCap index rose by 1.1% to 24,439.15 points.
Top Gainers:
- Reliance Industries Ltd. (RIL)
- Tata Consultancy Services Ltd. (TCS)
- Axis Bank Ltd. (AXISBANK)
- State Bank of India (SBI)
- ICICI Bank Ltd. (ICICIBANK)
Top Losers:
- Hindustan Unilever Ltd. (HUL)
- Bajaj Finance Ltd. (BAJFINANCE)
- Bajaj Finserv Ltd. (BAJFINSV)
- HDFC Life Insurance Co. Ltd. (HDFCLIFE)
- Kotak Mahindra Bank Ltd. (KOTAKBANK)
SECTORAL MOVEMENTS:
- IT sector rose by 1.2%
- FMCG sector fell by 0.8%
- Banking sector rose by 1.1%
- Auto sector fell by 0.5%
- PSU sector rose by 1.4%
KEY EVENTS:
- RBI’s Monetary Policy Committee (MPC) meets today to decide on interest rates.
- IIP data for January 2023 is expected to be released today.
- WPI data for February 2023 is expected to be released today.
Disclaimer:
This content is for informational purposes only and should not be considered as investment advice. It is important to do your own research and consult with a financial advisor before making any investment decisions.
Keywords: India Daybook, Stocks in News, Reliance Industries Ltd, Hindustan Unilever Ltd, Tata Consultancy Services Ltd, Bajaj Finance Ltd, Axis Bank Ltd, Nifty 50, Sensex, BSE MidCap, BSE SmallCap, IT sector, FMCG sector, Banking sector, Auto sector, PSU sector, RBI, Monetary Policy Committee, IIP, WPI.
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