SC grants extension in Adani case till 14 Aug ; LIC(-6.14%) reports decrease in premium

Indian Oil in talks to raise $100 million as green loan from SBI

Market summary

Closing Bell: Nifty below 18200, BANKNIFTY below 43700 weekly expiry tomorrow, Sensex tanks 370 pts, IT, reality, media, slides.

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Companies

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Market news

Jubilant Foodworks(-0.15%) net profit drops 59% to Rs 47.5 crore, dividend of Rs 1.2/share proposed.

V-Mart(-2.25%) records net loss of Rs 37 crore, revenue surges 29.5% to Rs 593.9 crore.📉

Devyani International(-4.15%) Net profits decline 20% to Rs 61cr, revenue grows 28% YoY to Rs 755cr.

LIC(-6.14%) reports sharp 50.41% YoY decrease in new business premium for April 2023.📉

SpiceJet(+1.93%) commits to monthly payment of $500,000 to Credit Suisse, SC defers hearing to July 18.💰

Supreme Court grants SEBI extension till August 14 for Hindenburg report investigation.🧾

Supreme Court adjourns Credit Suisse's contempt plea against SpiceJet to July🧾

Bank of Baroda(-0.27%) allocates ₹500 crore provision for potential losses from Go Airlines exposure.💰

BPCL(-0.68%) board greenlights Rs 49,000 crore capex for ethylene cracker project at Bina refinery.

Oberoi Realty(-6.18%) net profit reaches Rs 480.3 crore, revenue up by 16.8% to Rs 961.4 crore.📉

NCLT pushes for resolution of SpiceJet's lessor disputes, insolvency hearing rescheduled to May 25.