EV Stocks Rises as Cabinet Approves Rs 57,613-Crore PM-eBus Sewa Scheme; Bata India(+5.25%) Soars 5% on News of Tie-Up with Adidas

Crude Oil Prices Plummet 5% in Four Days, Signaling Volatile Times Ahead.

Market Summary

Closing Bell: Nifty below 19400, BANKNIFTY slips below 43900, on weekly expiry, Sensex tanks 380 pts, FMCG, Oil&Gas and IT slips.

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Market News

Cafe Coffee Day(17.05%) Shares Surge Near 17% Amid Positive Developments; Q1FY24 Sees Net Profit of ₹24.57 Crore. ☕️🚀

JSW Energy(-4.20%) Shares Dip 4% as Promoter Offloads 1.28% Stake Worth Rs 717.57 Crore; GQG Partners Joins with Rs 351 Crore Investment. ⚡️📉

Bata India(+5.25%) Soars 5% Amid Talks with Adidas for Collaboration; Shareholders Eager for a Trendsetting Partnership. 🚀👟

Power Grid(-1.75%) Shares Tanks by 1.7% Despite Project Triumph in North-East; Company Hits Milestone with Successful Commissioning! 📉

Amara Raja Batteries(+0.94%) Targets 3x Growth in Lithium-ion Business, Sets Sights on Two-Wheeler EV Market. 🛵✔️

Airtel(-0.03%) Payments Bank Skyrockets: 41% Revenue Surge to Rs 400 Crore, Net Profit Grew by 143% at Rs 5.1 Crore in Q1 FY24. 💰🚀

Olectra Greentech(+0.59%), JBM Auto(-0.28%), Rise 1% Intraday After Cabinet Greenlights Rs 57,613-Crore PM-eBus Sewa Scheme. 🔋