Monday, February 26, 2024

Stock market Live Updates: Sensex jumped by 600 points, Nifty also above 21,600, IndusInd Bank fell 2.5% after the results.

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Sensex Today: Stock Market LIVE Updates: The bullish trend seems to be returning in the Indian stock market. On Friday, both Sensex and Nifty started trading with gains. Sensex (BSE Sensex) started the day with a jump of 600 points, while Nifty (NSE Nifty) also crossed the mark of 21,600. But after the quarterly results on Thursday, IndusInd Bank’s shares are showing weakness and its shares are trading with a decline of 2 percent in the morning trade. On the last day of the trading week, all-round buying is being seen in various sectors including banking, energy and IT sectors.

RIL and UltraTech results to come today

It is expected that a lot of action will be seen in the market on Friday. The December quarter results of many companies included in Nifty, including Reliance Industries (RIL) and Ultratech Cement, the country’s largest company in terms of market value, are going to be announced today. Last night the US markets also closed with gains. The latest labor market figures in America are indicating that the unemployment level will be the lowest in September 2022, which the market has taken very positively. Asian markets also opened with gains on Friday. Japan’s index Nikkei and Korea’s Kospi are showing a rise of about 1 percent each. However, there is a slight decline of 0.2 percent in Hong Kong’s Hang Seng index.

  • Jan 19, 2024 10:26 IST

    Stock Market Live Updates: IndusInd Bank shares fell more than 2.5% after quarterly results.

    There is a sharp fall in the shares of IndusInd Bank on Friday, the next day after the announcement of quarterly results. In early trading on Friday, the bank’s shares were seen trading around Rs 1,570, down by about Rs 42, or more than 2.5%.

  • Jan 19, 2024 10:23 IST

    IndusInd Bank Q3FY24 Results: IndusInd Bank’s net profit increased by 17% YoY

    IndusInd Bank announced its December quarter results on Thursday. During the third quarter of the financial year 2024-24, the net profit of this private sector bank increased by 17 percent on an annual basis (YoY) to Rs 2,298 crore. During this period, the net interest income (NII) of the bank also increased by 15 percent on annual basis to Rs 5,296 crore. During the third quarter, the gross NPA of the bank was 1.92 percent and the net NPA was 0.57 percent. You can see complete details of the bank’s results here.

  • Jan 19, 2024 10:20 IST

    Stock Market Live Updates: Results of these major companies including RIL, HUL will come today

    Many major companies of the country are going to announce their quarterly results today. Apart from Reliance Industries (RIL), the country’s largest company in terms of valuation, the prominent ones include Hindustan Unilever (HUL), Paytm, UltraTech Cements and Hindustan Zinc. Therefore, during trading today, everyone’s eyes will remain on the shares of these companies.

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