MARKET LIVE: Sensex gains 500pts, Nifty above 17,150; broader indices tepid
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Stock market live updates: The markets firmed up in noon deals as global cues turned supportive. The BSE Sensex was up over 400 points at 57,250-odd levels, while the NSE Nifty gained more than 100 points at 17,150 level.
Among stocks, Trent fell over 2 per cent after the Tata group retail firm has reported a consolidated net loss of Rs 20.87 crore for the fourth quarter ended in March 2022 vs a net profit of Rs 17.44 crore in the year ago period.
Among the Sensex-30 shares, Hindustan Unilever (HUL) was the major gainer, up 4 per cent at Rs 2,230 after the company beat street estimates on the earnings and volume front. READ MORE
Asian Paints, Larsen & Toubro, Reliance Industries and Infosys were the other major gainers, up around 2 per cent each.
On the flip side, HCL Technologies was down over a per cent. Bajaj Finance was the other notable loser.
The broader markets, however, were under-performing in trades so far. The BSE MidCap index was up 0.2 per cent, while the SmallCap index was down 0.1 per cent, as against the 0.8 per cent gain on the BSE benchmark.
Sectorally, the BSE FMCG and Capital Goods indices were up over a per cent each. Most of the other indices were holding marginal gains.
Among stocks, Trent fell over 2 per cent after the Tata group retail firm has reported a consolidated net loss of Rs 20.87 crore for the fourth quarter ended in March 2022 vs a net profit of Rs 17.44 crore in the year ago period.
Another Tata group firm Indian Hotels rose 5 per cent on strong Q4 numbers. It reported a consolidated net profit of Rs 71.57 crore in the March quarter against a consolidated net loss of Rs 97.72 crore in the same period last year.
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