Indian markets to open lower amid weak set-up
Foreign Institutional Investors ended their 10 session long buying momentum in the Indian markets on Monday.
Markets Desk at BusinessUpturn.com
Foreign Institutional Investors ended their 10 session long buying momentum in the Indian markets on Monday.
Flows from foreign institutional investors so far in April largely remain positive as they are net buyers of Indian equities worth Rs 4,426 crore.
At 2:45 PM, shares of Infosys were down 9.8% at Rs 1,252.
Top stocks to watch today are Infosys, HDFC Bank, Zee Ent, GTPL Hathway, Max Health, besides others.
Indian stock markets today are expected to witness a weak opening as signalled by the SGX Nifty.
HDFC Bank’s Q4 net profit came in at Rs 12,047 crore against Rs 10,055 crore in the same period a year ago.
FIIs have remained net buyers of Indian equities for for ten straight sessions, taking their total buying in these sessions to Rs 8,081 crore.
Jodhpur-based Vishnu Prakash R Punglia Limited (VPRP) plans to raise funds through an IPO with a face value of Rs 10 per equity share with a no offer-for sale component.
Including today’s rally in Sensex and Nifty, this is the longest winning streak for the Indian markets in the last 30 months since October 2020
The company’s FY23 growth stood at 15.4% against the company’s guidance of 16-16.5% growth.
Shares of AU Small Finance Bank surged higher and hit the 10% upper circuit at Rs 638 in the opening trade today.
Top stocks to watch today are TCS, Anand Rathi Wealth, BHEL, AU SFB, Karnataka Bank, besides others.
Indian stock markets today are expected to witness a weak opening as signalled by the SGX Nifty.
Showing 2,385 of 2,465 articles