ITC(+1.88%) Gains 2% as Demerger Process for Hotel Business Begins; HDFC Bank(-3.18%) Slides 3% Amid Profit-Booking and Q1 Update

Market Summary

Closing Bell: Nifty(+0.05%) above 18600, BANKNIFTY(-0.33%) below 44300, Sensex(-0.05%) tanks 30 pts, FMCG, Auto and Media rally.🚀

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Market News

ICICI Securities(+0.24%) Initiates Coverage on Ahluwalia Contracts(+9.63%) with 'Buy' Rating, Stock Jumps 9%. 🚀

Samvardhana Motherson International(+6.13%) Soars 6% on Acquisition Deal with Yachiyo Industry. 📈🤝

Hero MotoCorp(+4.22%) Shares Soar on Launch of X440 in Partnership with Harley-Davidson. 🚀

Paytm(+2.00%) Merchant Payment Volumes Surge 37% YoY to Rs 4.05 Lakh Crore🚀

Mankind Pharma(+1.24%) Chosen to Replace HDFC in Nifty Indices.🧾

HDFC Bank(-3.18%) Shares Slide 3% as Q1 Advances Fall Short of Expectations YOY, Advances Grow 15.8% YoY and Deposits Rise 19.2% YoY in Q1FY24 📉

ITC(+1.88%) Share Price Soars Over 2% to Reach 52-Week High on Hotel Business Demerger Plans. 📈

Yes Bank's(+2.08%) Q1FY24 Results Show 7.5% YoY Growth in Advances, Deposits Surge 13.5%. 📈🧾

IndusInd Bank's(+2.35%) Stock Hits 52-Week High on Strong Q1 Business Update, Net Advances Grow 21% YoY. 📈

LIC Housing Finance(+0.91%) Share Price Rises 3% Intraday as It Replaces HDFC in Nifty Financial Services Index. 📈

Venus Remedies(+3.56%) Share Price Rises 3% as Company Secures Marketing Approval in Four International Regions. 🧾📈

Senco Gold IPO Receives Strong Investor Response, Subscribed 1.33 Times on Day 2. 🧾