- By Vaamanaa Sethi
- Mon, 23 Oct 2023 10:02 AM (IST)
- Source:JND
The Indian benchmark indices opened flat on Monday, October 23 amid weak global markets. The Sensex was up 3.68 points or 0.01 percent at 65,401.30, and the Nifty was down 3.80 points or 0.02 percent at 19,538.90.
ICICI Bank, Bajaj Finance, Nestle India, Bajaj Finserv and Adani Enterprises were among major gainers on the Nifty, while losers were Kotak Mahindra Bank, Grasim Industries, UltraTech Cement, TCS and Cipla.
The Indian indices ended on a lower note for the third consecutive day on Friday’s trading session. The Nifty 50 index slipped 0.42 percent or 82.05 points to 19,542.65, while the BSE flagship 30-share Sensex dipped 0.35 percent or 231.62 points to 65,397.62.
Nestle, LT, Axis Bank, Ultra Cement, and Titan were among top gainers in Sensex, meanwhile, Wipro, NTPC, Bharti Airtel, Tata Steel and JSW Steel among top losers on Friday.
Nine sectors out of thirteen ended in red including Bank, Financial Services, IT. Meanwhile, auto, FMCG, media, and PSU Bank were among top gainers in sectors.
On the other hand, Indian Rupee opened marginally lower at 83.17 per dollar on Monday against Friday's close of 83.12.
Top stocks to watch out today —
Kotak Mahindra Bank
The bank to remain in focus today after Uday Kotak's resignation as the CEO and MD of Kotak Mahindra Bank, international banker Ashok Vaswani was unveiled as the incoming CEO on Saturday.
JSW Steel
JSW Steel Ltd, led by Sajjan Jindal, announced a net profit of Rs 2,773 crore for the September quarter, marking a significant turnaround from the net loss incurred in the same quarter of the previous fiscal year.
Ambuja Cements
On Friday, the Adani Group announced the successful completion of a $3.5 billion debt refinancing agreement, involving a consortium comprising a minimum of 10 foreign lenders. This refinancing will enable the group's promoters to settle the debts incurred during the previous year to finance the $6.6 billion acquisition of Ambuja Cements Ltd and ACC Ltd.
L&T Finance
In a regulatory filing on October 20, L&T Finance announced the results for the September quarter of the fiscal year 2023-24, revealing a consolidated profit of ₹595 crore. This represents a significant 46% increase when compared to the corresponding period in the previous year.
RBL Bank
On Saturday, RBL Bank unveiled its financial results for the July-September quarter, revealing a substantial 46% year-on-year increase in net profits. In Q2FY24, their net profits surged to Rs 294 crore, compared to ₹202 crore in the corresponding quarter of the previous fiscal year.
