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Honasa Consumer to Strengthen Operations by Merging Fusion Cosmeceutics and Just4Kids -
Wipro Reports 7.8% Decline in Q4 Net Profit; CEO Highlights Economic Challenges -
IREDA Hits Record Annual PAT of Rs 1,252 Cr in FY24; Q4 Profits Up by 33% -
Massive Employee Exodus Hits India's Top IT Companies in FY23-24 -
Air India Enhances Operational Efficiency with New Crew Management System -
BlackRock Acquires Shares in Electrosteel Castings and PTC India for Rs 207 Crore -
IndiGo Enhances Domestic Routes with Direct Chennai-Durgapur Flights -
Tesla to Recall Nearly 4,000 Cybertrucks Over Accelerator Pedal Fault -
Reliance, ONGC, Tata, Adanis: Energy Stocks Didn't Get The Memo Of Bears, Up 12% In 30-Days; 10 Stocks To BUY -
Sebi to Enhance Price Discovery for Firms Trading Below Book Value
Markets close higher despite rate cut disappointment
Among the shares that rallied in trade were Mahindra and Mahindra which jumped 5 per cent following an agreement to buy 13.5 per cent stake in CIE Auto at 6 euro per share. Jet Airways which lost heavy ground in the early morning trade recovered and recouped significant portion of the early morning losses.
The Nifty gainers in trade were Sun Pharma, Bhel, HDFC, Maruti Suzuki and Bhartai Airtel. Top Nifty losers were Ranbaxy Laboratories, Dr Reddy's and TCS.
Metal stocks were weak in trade today with notable losers being Hindalco Industries, Sesa Goa and NMDC.
Banking stocks were also weak in trade as the RBI's hawkish tone dashed hopes of a rate cut. Among the losers from the banking sector space were Axis Bank and HDFC Bank. PSU banking stocks also lost ground with notable losers being Allahabad Bank, Syndicate Bank and Indian Overseas Bank.
Among non index stocks Pipavav Defence ended the day higher after the company received a sizeable contract. Meanwhile, most of the Asian markets ended the day with significant gains led by strong rally in the Japanese Nikkei.
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