Crude oil hits 16-month low on fed hike; HDFC(+2.66%) Q4 results shows robust YoY growth

Ajay Banga appointed as new World Bank president for five-year term.

Market summary

Closing Bell: Nifty above 18200, BANKNIFTY above 43500 on weekly expiry, Sensex gains 500 pts, financial services, metal, PSU banks rally.🚀

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Market news

1. Brent crude falls to $72/bbl, hitting 16-month low on fed hike.📉

2. Gold prices have hit an all-time high of Rs 61,490 per 10 gm, up 12% in 2023.🚀

3. HDFC(+2.66%) Q4 net profit rises nearly 20% YoY; Share price hits 52-week high.🚀

4. Tata Motors's(-0.60%)’s JLR records 16.3% Decline in UK Sales for April 2023.📉

5. IDFC(-1.37%) reports loss of ₹98.1 cr from operations, revenue sees YoY growth 📉

6. Adani Ports(+1.51%) sells terminals in Myanmar at discount of $30 million.💰

7. GoFirst blames engine supplier for bankruptcy, maintains flawless record.🕵️‍♂️

8. Bajaj Consumer Care(+4.44%) profit rises to Rs 40 crore in Q4, shares rally 9%.🚀

9. Dabur's(-1.40%) Q4 net profit sees a slight dip, stands at Rs 293 crore.📉

10. BEML(+9.29%) share price jumps to 2.5-month high on bullish pattern formation.📈

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