Dalal Street goes bullish; Benchmark indices ended positive; Every sectoral indices closed green

The Benchmark indices ended on a positive note on positive global cues and buying across the sectors.

At close, the Sensex was up 496.37 points or 0.70 percent at 71,683.23, and the Nifty was up 160.10 points or 0.75 percent at 21,622.40.

ONGC, Bharti Airtel, NTPC, Tech Mahindra, and SBI Life Insurance were among the top gainers on the Nifty, while losers were IndusInd Bank, HDFC Bank, Kotak Mahindra Bank, Divis Lab, and Adani Ports.

All the sectoral indices ended in the green with auto, capital goods, information technology, FMCG, metal, oil & gas, and power up 1-2 percent each.

BSE Midcap and smallcap indices added 1 percent each.

The Indian Rupee stands at 83.13 per US dollar with no big change from the previous close of 83.12



Stocks today

UltraTech Cement: The company posted a 67 percent surge in net profit in the third quarter of FY24, beating expectations, riding on the back of robust demand for building materials and lower operating costs. Revenue from operations climbed 7 percent to Rs 16,739.97 crore. On a sequential basis, revenue rose 4.5 percent and profit surged 38.6 percent.

Poonawalla Fincorp: The stock gained 2.76 percent after the non-bank lender posted a 76 percent on-year rise in profit-after-tax (PAT) in its December quarter (Q3FY24) on the back of better asset quality and interest income.

Indiamart: Shares of Indiamart gained 5.88 percent after the company’s top line grew 21 percent YoY to Rs 305 crore while profit came in at Rs 77 crore on lower employee costs.

Tata Communications: Shares of Tata Communications slipped 1.96 percent despite the company reporting its fastest quarterly growth across 9 years. Its revenue grew 24.4 percent YoY to Rs 5633 crore.

Metro Brands: Shares of Metro Brands plunged 3.84 percent after the company reported weak Q3 numbers. The company’s net profit declined 12.6 percent year-on-year to Rs 98.78 crore for the December quarter of FY24.

Shalby: Shares of Shalby gained 3.68 percent after the company announced plans to acquire an 87.26 percent equity stake in PK Healthcare’s Sanar Hospitals for Rs 102 crore. The Gurugram-based hospital has a capacity of 130 beds.

Shree Marutinandan Tubes: Shares of Shree Marutinandan Tubes got listed at a 46 percent premium after the company’s IPO was subscribed over 47 times last week. Shree Marutinandan Tubes’ Rs 14.30-crore IPO, consisting solely of fresh shares, had opened for bids on January 12 and closed on January 16.