[28/04 Market Update] Bulls in action, Nifty hits 18,000; Axis Bank(-2.43%) shares tumble after Q4 loss

Indian government appoints Siddhartha Mohanty as LIC's new Chairperson.

Market summary

Closing Bell: Nifty above 18,000 for the first time since February 20, Banknifty above 43,200, Sensex gains 460 pts; IT, psu bank, media rally.🚀

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Companies

Adani Enterprises(+3.72%)to raise $800 million for new green energy projects.📊

Adani's APSEZ launches $130M debt buyback program since Hindenburg report🧾

Adani owned ACC Ltd(+0.69%)reports decline in Q4 net profit to Rs 236 crore📉

Wipro's(+2.75%) Q4 consolidated net profit falls 0.4% to Rs 3,074 crores, 11% YoY growth in Q4 revenue to Rs 23,190 crore.📈

Adani Group makes progress on debt reduction with $200 million pre-payment.💸

Axis Bank(-2.43%) shares tumble after reporting Q4 net loss of Rs 5,728 crore.📉

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Sectors

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Market news

1. CarTrade Tech's Q4 net profit jumps to Rs 17.49 crore, from net loss of Rs 21.39 crore YoY.

2. LTI Mindtree reports consolidated net profit of Rs 1,114 crore for Q4,.📈

3. PI Industries buys stakes in TRM India and Solis Pharmachem.

4. IndiaMART's Q4 net profit drops 2.8% to Rs 55.8 crores, revenue climbs 33.5% to Rs 268.8 crores.

5. IRB Infrastructure shares rise after bagging Hyderabad development order.📈

6. MRPL posts strong Q4 recovery with net profit of ₹1,913.4 cr after Q3 loss.

7. Laurus Labs board approves 60% dividend for FY23.💸

8. Star Health posts profit of Rs 101.8 Cr in Q4 on strong premium growth.

9. SEBI imposes ban on individuals, entities for market manipulation.

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