Share Market Highlights: Sensex ends 463 pts higher; Nifty above 18,050, led by IT, FMCG shares

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Heatmap: Top gainers, losers at close

Market at close: Sensex, Nifty50 end higher

Nifty hits 18,000 first time since Feb 20

As Nifty hits 18,000 for the first time since February 20, 2023, Zee Business Managing Editor Anil Singhvi is bullish on Nifty around the 17,875-17,925 range. He advises to ‘buy’ the benchmark index comes at 17,925 or otherwise, it can also be bought when it comes around 18,035 levels.

NIFTY में तेजी के लिए 17875-17925 की रेंज

17925 पर फिर आए तो खरीदें नहीं तो 18035 आने पर खरीदारी करें

3 बजे तक 18035 के पार टिके तो ऊपर में बड़ा ब्रेकआउट आएगा

BANK NIFTY 43100 के पार टिके तो अगले हफ्ते 43500 संभव

42850 आने पर खरीदें

43100, 18035, 17925 पर आए तो और खरीदें pic.twitter.com/n7K8DKdM8O

— Zee Business (@ZeeBusiness) April 28, 2023

LIC gets new Chairman

Siddharth Mohanty was appointed as new LIC Chairman till June 29, 2024, and after that, he will be the Managing Director and Chief Executive Officer of a public sector insurance company until superannuation on June 7, 2025, according to Zee Business.

It should be noted that Mohanty was earlier this month appointed as interim Chairman on LIC from April 14, 2023.

LIC shares gained around 1 per cent to Rs 552 per share on the BSE during Friday’s session.  

Broader markets: Gainers, Losers

Amid a positive sentiment on Friday, most broader markets' stocks traded in the green among them were Edelweiss Financial, PI Industries, Indus Tower, GSFC, and Nykaa. On the contrary, Raymond, Shriram Finance, Mirza International, Godrej Consumer, and other shares tumbled today.

आज बाजार में कौनसे शेयर रहे अभी तक Top Gainers & Losers? पढ़िए यहां

Zee Business LIVE- https://t.co/kLDxaA7nhG#TopStocks #StockMarket #Nifty #Sensex pic.twitter.com/B1bWwwDhoE

— Zee Business (@ZeeBusiness) April 28, 2023

Glenmark Life Sciences shares surge on strong Q4

Glenmark Life Sciences’ stock touched a 52-week high of Rs 524.75 per share, after gaining more than 10 per cent on the BSE during Friday’s session on the back of company's strong earnings for the March quarter of the financial year 2022-23 (Q4FY23).

The drugmaker's net profit came at Rs 146.30 crore, up 48.1 per cent in the January-March quarter of FY23 from Rs 98.80 crore a year ago quarter, while the revenue grew by 21 per cent year-on-year (YoY) to Rs 621.3 crore.

TCS shares surge – here’s why

TCS stock surged more than 1 per cent to hit an intraday high of Rs 3,227.20 per share on the BSE during Friday’s session, on the news that the TCS-Tejas Networks and BSNL deal may soon get approval from the Group of Ministers.

A mega order worth Rs 25,000 crore is expected to be placed within two months, according to a report by Zee Business' Executive Editor Swati Khandelwal. Read More

Axis Bank shares tumble

Axis Bank shares declined as much as 3 per cent to touch the day’s low level at Rs 853.75 per share on the BSE during Friday’s session after the private lender announced its Q4 earnings on Thursday.

Read More

Axis Bank reported a Rs 5,361 crore loss on a consolidated basis for the January-March period against a net profit of Rs 4,417 crore a year ago, impacted by the Rs 12,490 crore payout towards the Citi acquisition.

IT, PSU banks and Realty stocks surge

PI Industries shares zoom

Shares of PI Industries soared more than 11 per cent to Rs 3,412 apiece on the BSE during Friday's trade, following two acquisitions, to help the company foray into the pharma space.

The pesticides and agrochemicals company announced twin acquisitions into pharma API (Active Pharmaceutical Ingredient) & CDMO (Contract Development and Manufacturing Organization) space, PI Industries said in a regulatory filing on Thursday.

Godrej Cons, Raymond stocks under pressure

Shares of Godrej Consumer Products Limited and Raymond Limited were under pressure on the exchanges during Friday’s session. Godrej Consumer declined over 3 per cent, while Raymond tumbled around 6 per cent on the BSE. Read More

Godrej Consumer acquires FMCG business of Raymond for Rs 2,825 crore

The Gautam Singhania-led Raymond Group on Thursday announced its exit from the consumer care business by selling condom brands KamaSutra and Premium and deodorant brands Park Avenue and DS to the Godrej Group for Rs 2,825 crore in an all-cash deal.

Godrej Consumer Products Intraday Chart

Raymond Ltd Intraday Chart

Q4 Earnings Review

In a conversation with Zee Business Managing Editor Anil Singhvi, Varinder Bansal, a market expert, analyzed the key earnings of large-cap to mid-cap companies sich as Axis Bank, Hindustan Unilever, Wipro, Tech Mahindra, LTIMindtree among others on Friday. 

किन कंपनियों के रहे अच्छे नतीजे?

किन कंपनियों के नतीजे रहे खराब?

जानिए नतीजों की बारीकियां और सटीक विश्लेषण Varinder Results X-RAY में वरिंदर बंसल से... #ResultsOnZee #StockMarket @varinder_bansal @AnilSinghvi_ pic.twitter.com/Wj5vcBPf8K

— Zee Business (@ZeeBusiness) April 28, 2023

LTIMindtree shares gain as much as 1 per cent to Rs 4,354 per share a day after the Indian software major announced the March quarter earnings for the financial year 2022-2023. The 6th largest IT services company also declared a dividend of Rs 40 per share to its shareholders on Thursday along with earnings. READ MORE

Rupee vs Dollar

The rupee gained 4 paise to 81.75 against the US dollar in early trade on Friday tracking a weak American currency and foreign fund inflows.

Forex traders said the rupee is trading in a narrow range as the support from crude oil prices below USD 80 a barrel was negated by muted domestic equities.

At the interbank foreign exchange, the domestic unit opened at 81.77 against the dollar and then rose to 81.75, registering a rise of 4 paise over its previous close.