BSE: Zee Entertainment down by 4.4%, Eicher motors jumps 6%
The shares of Adani Group, Eicher Motors, South Indian Bank, and Aditya Birla Capital, among others, will be in focus today.
Mumbai: On the last trading day of the week, the BSE Sensex and NSE Nifty extended losses after opening with minor cuts in the earlier session. The benchmark has risen 0.75% so far this week and is on course to extend gains for a third consecutive week.
Losses in oil, gas and metal shares led the headline indices lower, while financial and auto shares traded in the green.
The stock market was dragged down by metal and information technology stocks after macroeconomic data from the United States and China triggered global growth concerns ahead of domestic retail inflation data.
Shares of Adani Group’s stocks, Eicher Motors, South Indian Bank, and Aditya Birla Capital, among others, will be in focus today.
The shares of the Adani Group companies are trading five per cent lower each. The shares of the auto company Eicher are up 6.6 per cent at Rs. 3,629. The company reported its earnings for the January–March 2023 quarter on Thursday.
Today, the shares of Zee Entertainment are down by 4.4 per cent at Rs 183.7 at this hour. The shares of Tata Motors are up by 1.2 per cent at Rs 517.5 at this hour. Earlier in the session, the shares hit a 52-week high of Rs. 512.4.
The top index losers are Hindalco, JSL, and Vedanta, down by 1.5 per cent to 2.6 per cent. On the other hand, the top index gainers are Eicher Motors, HUL, and M&M, which are up by 1.1 to six per cent.
Under the AHVAAN 2025 plan, Indian hotels said that management fee guidance has been revised upwards to Rs 550 crore from Rs 400 crore.
Prominent companies such as Tata Motors and Cipla, along with broader market firms like Colgate Palmolive, Polycab India, and others, are scheduled to announce their earnings today.
Ms Kalinga