POST MARKET
The Indian stock market ended lower due to profit booking amid the rupee’s fall below the 96 per dollar mark for the first time, amid a 3% jump in crude oil prices.
Brent Crude traded above $108 per barrel, while the Indian rupee, after falling below 96 per dollar, ended 30 paise lower at a record low of 95.94 per US dollar.
Among the sectoral indices on the BSE, Metal, Oil and Gas, PSU Bank, Realty, Energy, and Commodities fell more than 1% each. BSE IT rose more than 1%.
Broader small- and mid-caps fell 4.6 percent and 2.2 percent, respectively.
HUDCO
Stocks of Housing and Urban Development Corporation fell near 8 percent on Friday after the state-owned firm reported a 39 percent decline in pre-tax profit and a sharp rise in expenses.
Chambal Fertilisers and Chemicals
Stocks of Chambal Fertilisers & Chemicals surged over 6 percent in Friday’s trade after the company reported a strong set of March quarter earnings, supported by healthy growth in both profit and revenue.
Hindustan Aeronautics
Shares of Hindustan Aeronautics fell nearly 5 per cent in Friday’s afternoon trade despite the company reporting a profit growth in the March quarter, as concerns around delayed Tejas Mk1A deliveries and weaker profitability weighed on investor sentiment.
Nazara Technologies
Gaming company Nazara Technologies shares rose 14% on May 15 after CNBC-TV18 reported that 4.9% equity changed hands in large block deals.
Source: Mint, Moneycontrol
