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Coal India, NHPC, Sagar Cements in focus
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Sensex, Nifty advance in early trade; breadth strong
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L&T Infotech, HAL, P&G: Top Stocks For Investors on May 5 News18 6 hours ago News18 © Provided by News18 L&T Infotech, HAL, P&G: Top Stocks For Investors on May 5
Despite weak global cues and all eyes on RBI Governor Shaktikanta Das’ unscheduled speech at 10am, Indian benchmark indices opened on a positive note on Wednesday, May 5. At 09:02 IST, the BSE Sensex was up 397.51 points or 0.82 percent at 48,651.02, while the Nifty was up 134.90 points or 0.93 percent at 14,631.40.
Top stock to look for the day:
Larsen &Toubro Infotech: The company reported a consolidated profit of Rs 545.7 crore in Q4FY21, as oppposed to Rs 519.3 crore in the same quarter in the previous year. The revenue rose to Rs 3,269.4 crore from Rs 3,152.8 crore.
MFI stock hits upper circuit as company receives loan facility
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Synopsis
In an announcement, the microfinance institution said it had received a senior loan facility from Oesterreichische Entwicklungsbank – OeEB, Austria, through an external commercial borrowing route
Agencies
INSIGHTS
NSE
NEW DELHI: Shares of
Satin Creditcare Network jumped as much as 5 per cent in Wednesday morning trade after the NBFC firm received a senior loan facility of $5 million through external commercial borrowing. The scrip hit the 5 per cent upper circuit limit at Rs 61.55 in early Mumbai trading on BSE. Benchmark BSE Sensex traded 154 points, or 0.32 per cent, higher at 48,408.
Explore Now
Nifty futures on the Singapore Exchange traded 14 points, or 0.10 per cent, lower at 14,518.50 in signs that Dalal Street was headed for a negative start on Wednesday. Here are a dozen stocks which may buzz the most in today s trade:
Tata Steel, Adani Green Energy: Adani Green Energy,
Adani Enterprises, Gillette India, Deepak Nitrite, Oracle Financial, Blue Dart Express, JM Financial,
Ceat, Craftsman Automation, Angel Broking and Shalby are among companies that will announce their March quarter results today.
RBL Bank: Small-sized private lender RBL Bank reported a 34 per cent decline in its March quarter profit to Rs 75 crore compared to Rs 114 crore in the year-ago period due to provisioning for possible loan losses that it sees in the retail unsecured segments.
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