Gold prices hit all-time high; Nifty stands strong above 17,700
HDFCLIFE up 7% on RBI's approval for HDFC merger
Market rallies 100+ points as Reliance opens 1%+ Gap-up. Over all positive sentiment in the market. Banking Sector Booms on Strong Q4 Results.
RBI's nod to merged HDFC-HDFC Bank's shareholding in HDFC Life Insurance sends the stock up by over 8%.
Wipro's stock rose by 3% after the company announced a share buyback plan to up to 23.75 crore equity shares at a price of Rs 400/share, totaling up to Rs 9,500 crore.
Nifty PSU banks surge by 1.33% performance driven by fading Hindenburg report on Adani stocks and global recovery. Nifty media slides 2%
IndusInd Bank's Q4 net profit up by 50% to Rs 2,040 crore.
Bank of Maharashtra's net profit for Q4 FY23 surged over 135% to ₹840 crore from ₹355.2 crore in the same quarter previous year.
YES Bank's shares fell 4.5% in intraday trade on BSE after reporting a 45% YoY drop in Q4 net profit due to higher provisions for bad loans.
Adani Ports and Special Economic Zone Limited (APSEZ) announced that it will buy back 3.375% senior notes due in 2024 for $130 million. The company plans to fund the payment using cash reserves.
Air India invests $200 million in digital systems modernization, including the implementation of a ChatGPT-driven chatbot.