ITC(-1.85%) Reports 22.7% Growth in Net Profit; SBI(-2.11%) Reports 83% Growth in Net Profit

Siddaramaiah to Become Next CM of Karnataka, Shivakumar as Deputy CM

Market summary

Closing Bell:Nifty below 18200, BANKNIFTY below 43800 on weekly expiry , Sensex tanks 100 pts, PSU Banks, reality, FMCG slides.

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Companies

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Sector

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Market news

GAIL(India)(-3.45%) Ltd's Net Profit Plunges 78% YoY to Rs 603 Cr on Higher Expenses.📉

ITC(-1.85%) reports Q4 Net Profit of Rs 5,086.9 cr, Declares Final Dividend of Rs 6.75/share and Special Dividend of Rs 2.75/share.🚀

SBI(-2.11%) Reports Robust Q4 Results with 83% Growth in Net Profit at Rs 16,695 Crore.🚀

Audi India Achieves Remarkable 126% Sales Growth in First Quarter of 2023.

Axis Bank(-0.01%) Announces Revised Fixed Deposit Rates, Offers Up to 7.10% Interest on 13 Months to 2 Years Tenures.📈

Goldman Sachs Investment Arm Cuts Adani Group Exposure Amidst Fraud Allegations.⚡

SonyLIV's Paid Subscriber Base Soars, Generates ₹573 Average Revenue per User.💰

Visa Service Provider BLS International Sees 6% Decline in Shares Following 3.4% Stake Transfer.📉

Zydus Lifesciences Records Rs 296.6 Cr Consolidated Net Profit in Q4, Down 25% YoY.📉

DRDO Scientist Pradeep Kurulkar Arrested for Leaking Secret Information to Pakistani Intelligence, Remanded to Jail Till May 29.🕵️‍♂️

US Debt Ceiling Looms as National Debt Soars and Treasury Borrowing Increases.

Infosys(-0.07%) Lowers Average Variable Payout to 60% for Q4 Amidst Challenges in the IT Sector.📉

Crude Oil prices surge over 2.5% overnight on optimism over oil demand.📈