Nifty, +1.3%; Sensex, +1.3%; Model Portfolio, +1.1%; MSI Ind 47, +1.0%; Nifty Midcap, +0.4%; Smallcap, +0.8%.
Daily Market Review
Market Status: Confirmed Uptrend
Benchmark indices bounced back from three consecutive down days. The market advanced in the afternoon session as good buying demand was seen across sectors.
Barring Nifty Auto (-0.4%), all the sectors showed strength. Nifty PSU Bank (+1.5%) and Financials (+1.4%) were the top gainers.
The advance-decline ratio was in favor of advancers. Of the 2,097 stocks traded on the NSE, 950 advanced, 775 declined, and 372 remained unchanged.
Ultratech Cement: The Company announced its results today. Total income grew 17.3% y/y to Rs 11,031 crore. Net profit rose 131% to Rs 1,034 crore. The stock gained 4.7% today.
Hexaware Techs.: The Company has reported 17.8% growth in revenue for the March quarter. PAT grew 20.1% to Rs 163.1 crore. The stock lost 3.9% today.