HDFC Bank(-5.91%) biggest intraday fall; Sensex tanks 700 pts

Energy market weakness leads to cut in Saudi Arabia's oil prices for Asian buyers in June.

Market summary

Closing Bell: Nifty below 18100, Banknifty(-2.34%) below 42700, Sensex down by 700 pts, financial services and banks slides.

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Companies

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Sectors

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Market news

1. HDFC(-5.58%) and HDFC Bank(-5.91%) suffer biggest intraday fall in a year after MSCI decision.📉

2. HDFC Bank's(-5.91%) addition to MSCI Global Standard Indexes with an adjustment factor of 0.5 may result in outflows $150 to $200 million.📉

3. AurionPro(+5.99%) Solutions surges 6% on RBI's approval to operate as payment aggregator.🚀

4. Federal Bank(-8.36%) Q4 net profit surges 67% YoY to Rs 903 crore.📉

5. BharatForge's(-1.91%) Q4 net profit stands at ₹244.5 cr while revenue at Rs 1,997.2 cr, EBITDA margin declines by 140 bps.📉

6. Symphony(-5.27%) reports a 75% YoY decline in Q4 net profit as revenue falls by 19.8%.📉

7. Adani Enterprises(+0.47%) Q4 net profit rises 137% YoY to Rs 722.48 crore.📈

8. United Breweries(+2.20%) reports 94% YoY decline in Q4 net profit at Rs 9.87 crore, Radhakishan Damani sold entire stake.🚀

9. TVS Motor(+3.93%) Company's net profit jumps 49% YoY to Rs 410 crore in Q4FY23.🚀

10. BlueStar's(+0.05%) Q4 net profit jumps 195% YoY to Rs 225.3 crore announce dividend of Rs 12/share.💰