POST MARKET
The Indian benchmark indices pared some of the previous session’s gains, with the Nifty 50 ending below 24,000 mark amid broad-based selling, led by financial, IT, and auto stocks.
Among sectors, PSU Bank index declined 2%, while the Private Bank and Auto indices fell 1% each. The IT index dropped 0.7% and Realty index down 0.4%. On the upside, the Energy index gained 1.2%, the Oil & Gas index rose 1.5%, and the Metal index advanced 0.5%.
Broader markets outperformed the benchmarks, with the Nifty Midcap index rising 0.3% and the Smallcap index advancing 0.4%.
STOCKS IN NEWS
Eternal
Stocks Of Eternal rose up above 1 percent due to companies profit for the full financial year came in at Rs 366 crore, up 31 percent compared to Rs 527 crore in the previous fiscal.
Oil and Natural Gas Corporation
Stock of ONGC Rose by more than 5 percent on 28,April due to Brent crude prices rose for the sixth consecutive session on Tuesday, crossing the USD 111 per barrel mark, boosting upstream oil stocks while weighing on oil marketing companies.
Piramal Finance
Piramal Finance stock jumped more than 9 percent on Tuesday after the company reported a sharp rise in Q4 profit and steady AUM growth. Brokerages remain constructive, with Nomura positive on growth prospects, while Jefferies sees limited upside at current valuations.
Maruti Suzuki India
Stocks of Maruti Suzuki India fall more than 2 percent because Maruti Suzuki reported a 6.5 percent year-on-year fall in Q4 consolidated net profit to Rs 3,659 crore despite a 28 percent rise in revenue, as higher costs, lower other income and increased tax outgo weighed on earnings.
Source: Moneycontrol
