TCS(-0.38%) Outperforms in Q1 FY24 Registers Strong Growth; Nifty(-0.28%) and Nifty Bank(-0.24%) Index Reshuffle HDFC Bank(-0.94%) Dominates Reliance(+0.11%) Falls Behind

Sterlite Technologies and Windstream Join Forces, Share Price Surges 3%

Market Summary

Closing Bell: Nifty(-0.28%) below 19400, BANKNIFTY(-0.24%) slips below 44700, on weekly expiry, Sensex(-0.34%) tanks 220 pts, IT, Nifty Bank, and Private Banks slips. 📉

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Companies

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Sectors

Hinduja Family in Talks to Raise $1 Billion for Reliance Capital Acquisition. 💰

Healthy Growth Across Segments Fuels 17% Revenue Growth in Domestic Automobile Industry: Emkay Global. 🚗

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Market News

Nifty(-0.28%) Weightage Shuffle: HDFC Bank(-0.94%) Dominates with 14.43%, Reliance Industries(+0.11%) Falls Behind. ✔️🧾

Delta Corp(-23.19%) Shares Plunge 23% After GST Council Imposes 28% GST on Online Gaming. 📉🎮

Marksans Pharma(+8.72%) Shares Soar 8% on FDA Approval for Pain Relief Tablet Production. 🚀

Nifty Bank(-0.24%) Index Reshuffle: HDFC Bank(-0.94%) Takes the Lead, SBI(+0.12%) and Other Banks Experience Weightage Reductions. 🧾✔️

TCS(-0.38%) Q1 Results: Net Profit Jumps 16.8% to ₹11,074 Crore, Revenue Surges 12.5% to ₹59,381 Crore, Announces Dividend of ₹9/Share. 💰🚀

SpiceJet(+1.93%) Shares Becomes Volatile on Enhanced Surveillance by Directorate General of Civil Aviation. 🕵️📊

PCBL's(-3.03%) Consolidated Net Profit Drops 15% in Q1, Stock Falls 3% From Rs 126 crore as against Rs 109 crore YOY. 📉

Utkarsh SFB Public Offer Sees Robust Response, Oversubscription of 2.67 Times on Day 1. 🧾