POST MARKET
Indian benchmark indices came under significant selling pressure on April 24, extending losses for a third consecutive session, with the Nifty slipping below the 23,900 mark amid broad-based weakness across sectors led by IT stocks.
Among other sectors, Healthcare, Consumer Durables, Realty, Telecom, Pharma, Media down 1% each.
Broader indices also ended lower with Nifty Midcap and Smallcap indices falling nearly 1% each.
STOCKS IN NEWS
IDBI Bank
Shares of IDBI Bank rose more than 3% on April 24 after Finance Minister Nirmala Sitharaman said the government will go on with the divestment of its stake in the bank.
Alkem Laboratories
Alkem stock drops nearly 5 percent after CEO Vikas Gupta resigns. Gupta will stay until June 2026 for smooth transition. Shares traded at Rs 5,261, down 4.7 percent on Friday afternoon.
LTM
Shares of LTIMindtree fell around 5 percent in trade on Friday after the company’s March quarter earnings missed analysts’ estimates on key parameters, including revenue and earnings before interest and tax (EBIT) margin.
Waaree Energies
Shares of Waaree Energies declined nearly 3% on April 24 a day after the US Commerce Department announced preliminary anti-dumping duties on solar cells and panels imported from India, Indonesia and Laos, the latest in a string of tariffs imposed over a decade on solar imports from Asia.
Source: Moneycontrol
