ITC(+2.78%) Joins 6 Lakh Crore Market Cap Club; Jio Financial Services listed at Rs 261.85 per share

India likely to be rising 'great power' western countries making sensible bet on country: Martin Wolf

Market Summary

Closing Bell: Nifty above 19900, BANKNIFTY above 46180 on weekly expiry, Sensex gains 480 pts, Pharma and FMCG rally. 🚀

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Companies

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Sectors

Auto(+0.41%) Firms to Witness Profit Margin Jump in 1QFY24: Price Hikes & Steady Input Costs.

Weak Seasonality & Global Demand Disruption: Specialty Chemicals Players Face Challenges 🌎🧪

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Market News

Hatsun Agro(+7.52%) Product Shares Surge 7%: Q1 Net Profit Jumps 54% to Rs 80 Crore. ☘️🚀

Shree Cements(-2.58%) Shares Fall 2.5% on Inspection Notice from Ministry of Corporate Affairs. 📉

Seventh Indian Company to Achieve Milestone: ITC Ltd(+2.78%) Hits Rs 6 Lakh Crore Market Cap. 🏆

ABB India(-6.44%) Shares Plunge 6% as Order Inflows Decline in Q2. 🔻

Likhitha Infrastructure(+3.97%) Shares Rise 4% on Rs 235.50 Crore GAIL Order. 📊

Alok Industries(-4.37%) Shares Fall Over 4% Total Income Declines 28.93% in Q1 FY24 YoY. 📉

Finolex Industries(+1.99%) Stock Rises 2%: Q1FY23 Net Profit Up at Rs 115.3 Crore. 🚀

Havells(-1.17%) India Posts 18% YoY Growth in Q1 Net Profit at Rs 287.07 Crore, Revenue Rises 13.8% YoY. 💡

Debut of Jio Financial Services(JFSL) at Rs 261.85 per Share; Passive Funds May Offload 150 Million Shares of JFSL Post Listing. 🧾

Tata Communications(-0.87%) Q1 Revenue Rises 11%, Net Profit Falls 30% on Interest Costs. 📊