Nifty 50 opened today’s trading session 609.3 points below its recent record high of 24,854.80. The market is seeing varied reactions from several companies following their earnings announcements.
Key Movers in Today’s Market:
1. Axis Bank: The bank’s shares are the top loser today, dropping over 6% after reporting Q1 results yesterday. The stock is currently down more than 6%.
2. JK Paper: The company’s stock has seen a significant decline of over 11%.
3. PG Electroplast: In contrast, PG Electroplast is up by 12%, standing out as a notable gainer.
4. JSPL (Jindal Steel & Power Ltd.): The stock is down by more than 4%.
Companies Reporting Earnings Today:
Nestle India, Adani Green Energy, Canara Bank, Adani Energy Solutions, MGL, Laurus Labs, Ujjivan Small Finance Bank, Ramco Cements, and VST Industries are all scheduled to release their earnings reports today, which could influence market movements further.
Additionally, RBL Bank witnessed a block deal today, adding another layer of interest to the financial sector’s performance.
The Nifty 50 stands below 24,250 as of now – at 9:50 AM
