Finance
Today’s Stock Market News | Sensex, Nifty, and Share Prices Highlights: Domestic equity indices finished the day in the red. The BSE Sensex dropped 220.86 points, or 0.37%, to 60,286.04, while the NSE Nifty 50 fell 43.10 points, or 0.24%, to 17,721.50. Adani Enterprises, Dr Reddy, and Adani Ports were the top gainers on the Nifty 50, while Tata Steel, Hindalco, and ITC were the top losers.
Adani Ports on Tuesday reported consolidated net profit at Rs 1,337 crore, down 12.9% on-year as opposed to the expectation of a 25% growth for the quarter ended 31 December 2022. The company’s net revenue for the quarter also failed to street estimates. Revenue for the Dec quarter came in at Rs 4,786 crore, up 17.5% on-year from Rs 4,071 crore reported in the same quarter a year ago.
Adani Enterprises shares surged 25% today, touching an intraday high of Rs 1965.50 on BSE. Adani Transmission shares were locked in the upper circuit, rising 5% to Rs 1324.45. Adani Ports and Special Economic Zone shares rose 6.35% to Rs 580.70, ahead of its fiscal third quarter results due later today. Adani Green shares rose 2.75% to Rs 912.00; Adani Wilmar shares rose 5% to Rs 399.40; Adani Power Ltd fell 2% to Rs 178.80; and Adani Total Gas slipped 5% to Rs 1467.50.
The US markets ended in red on Monday. The Dow Jones Industrial Average fell 34.99 pts or 0.10% to 33,891.02, S&P 500 lost 25.40 pts or 0.61% to 4,111.08 and Nasdaq dipped 119.50 or 1% to 11,887.45.
Source:FE
