On Wednesday, the Indian rupee began the day stronger and rose while the US Dollar Index fell. The local currency increased four paise from its previous value of Rs83.34 on Tuesday, opening at Rs83.30 against the dollar.
On Wednesday, the Indian stock market began the day with a slight rise, continuing its upward trend for the third straight session. Following lower tensions throughout the world and robust corporate earnings for the March quarter.
The Sensex gained 163 points to reach 73,901 points at the time this article was filed. The Nifty increased by 38 points to close Wednesday’s trading at 22,405 points.
Thirteen of the Nifty 50 shares began trading lower, one remained steady, and 36 opened higher. Along with HDFC Life and Indus Ind bank, Cipla, Axis Bank, and Ultratech Cement started the Nifty 50 index as the top gainers, while Tata Consumer was among the top losers.
Following the announcement of the company’s quarterly earnings and a 19% YoY reduction in net profit to Rs 217 crore on Tuesday, Tata consumers fell to more than 4% at Rs 1124. The business revealed in its filing that the net profit for the March quarter dropped 4.6% on-quarter to Rs 196.93 crore from Rs 206.4 crore reported in the October-December period of FY24. This resulted in a 3.68 percent reduction in the share price of Tata Elxsi, which was trading at Rs 7,125.
Also Read:
Dubai: Emaar Properties Declares a Substantial Dh4.4 Billion Dividend.
