By 12.10 pm, Sensex was trading 385.8 points, or 0.62 per cent higher at 62,413.70, while Nifty50 jumped over 102 points, or 0.57 per cent to trade at 18,418.95.
ACC’s March quarter profit may fall 26.3 per cent YoY to Rs 289 crore from Rs 392 crore YoY, Sharekhan said. Revenue is seen rising 7.8 per cent YoY to Rs 4,774 crore from Rs 4,427 crore YoY.
Stocks in focus today: The short-term trend of Nifty remains choppy and the medium uptrend status is intact. There is a possibility of some more consolidation for the next 1 or 2 sessions before resuming its upside momentum again from the lows. Tata Communications, CRISIL, Reliance Capital, Sterling & Wilson are among the stocks to watch on April 19, 2023.
Adani Ports: Mutual funds cut their holdings in the Adani company to 3.09 per cent stake as on March 31 from 4.43 per cent as on December 31. Life Insurance Corporation of India (LIC) also trimmed its holding in the Adani group company