- By Vaamanaa Sethi
- Fri, 27 Oct 2023 10:06 AM (IST)
- Source:JND
The Indian indices opened on a positive note on Friday, October 27, amid weak global cues. The Sensex was up 330.04 points or 0.52 percent at 63,478.19, and the Nifty was up 95.40 points or 0.51 percent at 18,952.70.
Also read: Adani Group Looking To Raise $4 Billion To Fund Green Hydrogen Plans: Report
Adani Enterprises, Hindalco Industries, Adani Ports, Tata Steel and M&M were among major gainers on the Nifty, while losers were Dr Reddy's Laboratories, HUL, Tata Consumer Products, Britannia Industries and Divis Labs.
All sectors trading in green with PSU Bank and media up more than 1%, meanwhile, metal, financial services trading 0.90% higher on Nifty today.
Indian benchmark indices ended lower for the fifth consecutive session on October 25 with Nifty around 19,100. At close, the Sensex was down 522.82 points or 0.81 percent at 64,049.06, and the Nifty was down 159.60 points or 0.83 percent at 19,122.20.
Top losers on the Nifty were Infosys, Cipla, NTPC, Apollo Hospitals and Adani Enterprises, while top gainers included Coal India, Tata Steel, Hindalco Industries, Tata Consumer Products and SBI.
Among sectors, metal index up 1 percent while bank, power, realty, capital goods, pharma and IT down 0.5-1 percent each.
Top stocks to watch out today —
Adani Enterprises
The Adani Group, led by billionaire Gautam Adani, is reportedly in the process of raising up to $4 billion for the development of manufacturing facilities aimed at producing cost-effective green hydrogen, as per sources with knowledge of the situation.
Aditya Birla AMC
Aditya Birla Sun Life AMC, a division of Aditya Birla Capital, announced a seven percent decrease in net profit, totaling Rs 178 crore for the September quarter.
Shriram Finance
On Thursday, the Non-Banking Financial Company (NBFC) disclosed a year-on-year (YoY) growth of 19.7% in Assets Under Management (AUM), amounting to Rs 2.03 trillion. Within the loan segments, farm equipment exhibited the most sluggish growth, registering an increase of 5.6%.
Colgate Palmolive
On Thursday, the leading FMCG company, Colgate-Palmolive India Ltd, announced a notable 22.31% rise in net profit, reaching Rs 340.05 crore for the second quarter concluding on September 30, attributed to improved pricing strategies and operational efficiencies.
Vodafone Idea
Vodafone Idea's losses for the September quarter expanded to Rs 8,737 crore, up from Rs 7,595 crore in the corresponding quarter last year. This increase can be attributed to elevated interest and finance costs, despite growth in revenue and an expanded 4G subscriber base.