The Major stocks like IndusInd Bank and Nestle are the top newsmakers on Wednesday after the company’s saw action in the markets post their quarter results posted a day earlier.
At Mid-Session, The Sensex and Nifty slipped red after opening flat with positive bias earlier at 9:15 on weak or mixed global cues. Bank and Metal stocks in positive action today, IT stocks dragged the market.
Stocks In News at Mid-Session:
1)IndusInd Bank
The Banking stock climbed nearly 7% on Wednesday hitting the day’s high at Rs 564.75 after weak Q1 results as the company’s profit was down by 68% to Rs 461 Crore which was 1432.5 crore in same period last year. The Bank had posted their net interest income at Rs 3309.2 Crore up by 16.4% year over year.
2)Nestle
The stocks of the company hit the day’s low of 16600 and fell majorly over 300 points or nearly 2% today after posting their quarter earnings. The company’s Net sales grew by 1.65% to Rs 3050.48 Crore, Net profit at 486.60 Crore up by 11.14% y-o-y.
3)TCS
The company on Wednesday hit the new record high in the early trade before it slipped red at mid session of trading. The company’s new 52-Week high is now Rs 2342.00 which it hit on Wednesday morning later reaching the day’s low at Rs 2266.05 slipping red.