Sensex rises 267 pts Nifty gains for 5th day on buying in Reliance Infosys
(This story has not been edited by THE WEEK and is auto-generated from a PTI
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(This story has not been edited by THE WEEK and is auto-generated from a PTI
From the Sensex basket, Kotak Mahindra Bank jumped 5 per cent after the company reported a 25 per cent growth in its March quarter net profit at Rs 5,302 crore, limited by a drop in the core income due to narrow interest margins. Tata Consultancy Services, Hindustan Unilever, Mahindra & Mahindra, Sun Pharma, Tech Mahindra and IndusInd Bank were among the other major gainers. Titan tanked 7 per cent after its March quarter earnings failed to cheer investors.
Consolidated total income increased to Rs 7,199.94 crore for the fourth quarter of FY24 against Rs 6,178.35 crore in the year-ago period.
Stocks that were in focus included names like Canara Bank, which jumped nearly 0.62%, Paytm, which fell 1.16%, and PB Fintech, whose shares rose 3.22% on Wednesday.
India Business News: Sensex closed above 75,000, climbing 354 points, with Nifty reaching a lifetime high. Major gainers were ITC, Kotak Mahindra Bank, Bharti Airtel, whil