POST MARKET
Indian benchmark indices witnessed a sharp decline on May 8, with the Nifty closing below the 24,200 mark amid renewed geopolitical concerns following reported clashes between Iran and the United States, which triggered a rise in crude oil prices.
Among sectors, except IT, Healthcare, Consumer Durables and FMCG, all other indices ended in the red with PSU Bank index slipped 3%, Oil & Gas index shed 1%, while Private Bank, Metal, Energy, Power, Realty down 0.5% each.
The Nifty Midcap index declining 0.15%, while the Nifty Smallcap index gained 0.22%.
STOCKS IN NEWS
Thermax Limited
Stock of Thermax surged 12.55 percent to hit a fresh 52-week high of Rs 4,736 per share on the NSE on Friday after the company reported a 19 percent rise in consolidated net profit for the March quarter, aided by higher income.
State Bank
State Bank of India (SBI) shares fell up to 6.74 percent on Friday after the country’s largest lender reported March quarter earnings below market estimates.
Apollo Micro Systems
Shares of Apollo Micro Systems settled more than 3 percent higher on Friday after the company updated on its order book across defence and private sector segments, in an exchange filing.
Urban Company
Stocks UC of down today by around 6 percent due to Urban Company is getting more aggressive as it spends heavily on InstaHelp, its 10-minute quick service arm, to ward off competition from new-age, privately held rivals such as Snabbit and Pronto.
Source – Moneycontrol
