Visa & Adani Group Unite for Co-Branded Cards; Reliance Retail(+1.62%) Eyes on $1 Billion Investment From Qatar

Investment Open-Door Policy: India Welcomes Chinese Capital Despite Border Clashes

Market Summary

Closing Bell: Nifty above 19700, BANKNIFTY above 46000, Sensex gains 350 pts, PSU Bank, Reality and FMCG rally.

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Companies

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Sector

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Market News

Visa & Adani Group Unite for Co-Branded Cards, Targeting 40 Crore Travellers. ✈️💳

Mahindra Group Entity Acquires 4% Stake in RBL Bank(+7.12%); Eyes Bigger Shareholding.🚀

Suzlon Energy's(-5.00%) Shares Tumble 10% in 2 Days as Profits Plunge 96%, Shares Hit Lower Circuit. 📉⚡️

Ajmera Realty(+4.21%) Reports 113% YoY Growth in Revenue, 82% YoY Growth in Net Profit. 💰🚀

PNB(+4.04%) Reports Robust Q1 Performance with 307% Rise in Net Profit GNPA and NNPA Decline. 🚀

ACC Ltd(+1.63%) Set to Report Q1FY24 Results with 61% Net Profit Growth at Rs 358 Crore. 📈

Qatar Investment Authority to Acquire 1% Stake in Reliance Retail(+1.62%) for $1 Billion. 💸

Bajaj Finance(-2.28%) Q1 FY24 Net Profit Rises 32.4% to Rs 3,436.89 Crore, Net NPA Ratio at 0.31%. 💰

Shree Cement(+2.50%) Shares Rise 3%, Net Profit Soars 84%, Revenue Jumps 19%, Capacity Expansion Plans Boost Sentiment. 📈

Yatharth Hospital IPO Witnesses 67% Subscription on Day 1; Retail Investors Subscribed 91%, High Networth Individuals Book 97%. ✔️🧾