Finance
On Friday, domestic equity indices opened lower due to weak global cues. The BSE Sensex fell 244 points, or 0.40%, to 60,562.17, while the NSE Nifty 50 fell 75.70%, or 0.42%, to 17,817.75. The top gainers on Sensex were Larsen & Toubro (up 0.82%), Power Grid (up 0.52%), State Bank of India (SBIN) (up 0.0.48%), Bajaj Finance (up 0.42%) and UltraTech Cement (up 0.40%) while HCL Tech (down 2.29%), Tata Steel (down 1.93%), Wipro (down 1.08%), Infosys (down 1.04%) and Reliance Industries Ltd (down 1.05%) were the top laggards.
LIC shares, Zomato stock in focus today
Life Insurance Corporation of India (LIC) shares rose 2.55% to Rs 629.00 after reporting over 40 times on-year growth in consolidated net profit to Rs 8,349 crore in the fiscal third quarter of FY23, up from Rs 211 crore in the same quarter last year.
Zomato shares tanked 4.41% to Rs 52.00 after the company’s fiscal third-quarter net loss widened over five-fold on-year to Rs 343 crore from Rs 66 crore, mainly due to an exceptional gain in the same quarter last year.
Asian and US stock markets
Most of the Asian markets were trading in red with China’s Shanghai Composite index falling 0.16%, Hong Kong’s Hang Seng dropping 1%, South Korea’s KOSPI dipping 0.48% and Japan’s Nikkei 225 rising 0.53%.
The US markets ended the overnight session lower. The Dow Jones Industrial Average fell 249.13 pts or 0.73% to 33,699.88, S&P 500 sank 36.36 pts or 0.88% to 4,081.50 and Nasdaq tanked 120.94 pts or 1.04% to 11,789.58.
Source:FE
Source:FE
