Stock Market LIVE: Sensex down 100 pts, Nifty below 22,300 as selling resumes | News on Markets

SBI Q4 preview: Profit may fall up to 38% YoY on higher opex, say analysts

The growth in SBI’s Q4FY24 net profit will likely depend on the one-time staff cost (higher salary provision) the bank may set aside during the quarter, analysts said. READ MORE

Bharat Forge zooms over 9% on Q4 results, promising FY25 outlook

The surge came after the company announced its March quarter results (Q4FY24), and gave a promising FY25 outlook. READ MORE

In charts: Nifty small and mid-cap stocks outperform market in April 2024

The Nifty small and mid-cap stocks outperformed the broader market in April 2024, according to a report by Motilal Oswal Asset Management Company.  The Nifty Microcap 250 and Smallcap 250 indices, which track the performance of the smallest 250 and 500 publicly traded companies in India, respectively, surged an impressive 10.6% and 10.5% in April. READ MORE

United Spirits hits record high, rallies 4% on hopes of healthy Q4 earnings

The premiumization trends in the liquor category (post COVID) continued to drive the Prestige & Above (P&A) portfolio.. READ MORE

Godrej Properties reduces net debt by 10% in Q4 on strong cash flow

Realty firm Godrej Properties has reduced its net debt by 10 per cent in the latest March quarter to nearly Rs 6,200 crore on strong sales and collections of funds from customers, its executive chairperson Pirojsha Godrej has said. READ MORE

Sonata Software plunges 15% on Q4 performance; profit declines 31% in FY24

Sonata Software, an IT firm, reported a 3 per cent year-on-year decline in net profit to Rs 110.36 crore for the fourth quarter ending March 2024, compared to Rs 113.77 crore in March 2023. READ MORE

PSUs not in disarray, but thriving under Modi regime, says Sitharaman

Rebutting allegations by the Congress party that state-owned companies are in a disarray, Sitharaman said such claims are a textbook example of the pot calling the kettle black. READ MORE

Breakout stocks: Dabur, ITC top FMCG picks, can gain up to 13%; hint charts

Dabur and ITC look stronger on charts compared to its peers HUL, Marico and Godrej Consumer Products. READ MORE

Crompton Greaves stock rallies 5%, hits 52-week high on stable outlook

Crompton Greaves stock update: Company aims to deploy over 10,000 solar powered pumps under the PM-KUSUM Scheme in the next few years, in its efforts to make an impact in the energy efficiency category. READ MORE

Auto retail sales up 27% in April, passenger vehicles make record

Automobile retail sales grew 27 per cent in April to 2.2 million units compared to the year before as demand grew in all categories and fuel prices were stable, said a group representing auto dealers. READ MORE

Why are Indian stock markets falling, and is it a good time to buy?

Analysts attribute this fall in the Indian stock markets to Lok Sabha election 2024 outcome-related anxiety among investors amid global developments. READ MORE

Jindal Saw sinks 8% despite solid Q4; tech chart shows support at Rs 491