Jio Cinema made Disney+Hotstar bleed; Income Tax Department hits Mankind Pharma(+0.18%)

Foreign investors pump in $3.3 billion in Indian stocks in 9 days,

Market summary

Closing Bell: Nifty closed flat at 18290, BANKNIFTY above 43400 on weekly expiry, Sensex tanks 50 pts, pharma and health care down.

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Companies

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Sectors

Volume growth decline leads to negative growth for Indian pharma market in April.

Auto industry opposes Oil Ministry's proposal to ban diesel 4-wheelers by 2027.

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Market News

Adani Enterprises(+5.07%) sees stock surge as it considers fundraising options through sale of equity.🚀

Asian Paints(+3.34%) Q4 net profit jumps 45% YoY to Rs 1,234 crore, revenue up by 11% to Rs 8,787 crore, announces dividend of Rs 21.25 per share for FY23.🚀

Income tax department searches Mankind Pharma's(+0.18%) Delhi office.🕵️‍♂️

Godrej Consumer(+2.09%) reports 24.5% YoY growth in Q4 profit on strong sales performance🚀

SoftBank sells 2.07% stake in Paytm(-3.96%) to comply with Sebi regulations.📉

Disney+ Hotstar Loses Over 84 Lakh Subscribers in Six Months Due to Jio Cinema and IPL.📉

Aditya Birla Capital(-4.07%) Q4 net profit jumps 35% YoY to ₹608 crore, revenue up by 31%.📈

Nexus Select Trust REIT IPO oversubscribed 3.21 times on the final day of bidding.💰

SoftBank's Vision Fund Takes Major Hit with $32 Billion Loss Amid Tech Slump.

BPCL(+0.11%) share price hits 52-week high after giving 3% dividend yield in 2022.📈

Larsen & Toubro(-5.09%) eyes 9-10% blended margin as big orders boost revenue outlook.📉

SpiceJet(+1.93%) Gets Back in the Air with $50M from ECLG Scheme and Internal Cash Accruals.🛫

Hindustan Copper(-0.57%) plans to raise up to Rs 500 crore via QIP and bonds issue.

Ajmera Realty(-1.34%) Q4 net profit up by 7.9% YoY at ₹15.1 crore revenue declines 36.7% YoY to ₹114 crore.📉