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Rs 7.50/Share Dividend: Adani Group Cement Company Reports Strong Q4 Results; Profit Surges 2x YoY -
Closing Bell: Market Rebounds To End With Gains For 5th Straight Day; Sensex & Nifty Soar Led By Banks -
Gold Prices Ayodhya: In Ram-Janma-Bhumi, 24carat Falls By Rs 380 In 10-Grams, Drops By Rs 3,800 In 100-gram -
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0.50% Dividend Yield: Midcap Cement Stock Slumps 10% Following Weak Q4 Results; Profit Down 48% YoY -
1:10 Split, Rs 147/Share Dividend: FMCG Major Likely To Report Profit Growth; Buy Or Sell? -
Mark Zuckerberg's Meta Reports Record Q1 Profit Surge, Projects AI Investments This Year; Stock Slumps -
Gold Prices India: 24K/100 Grams Yellow Metal Falls By Rs 3800, 24K/10 Grams Down By Rs 380 -
Rs 44,000 Crore M-Cap Lost, Stock Falls 10%, No More 4th Largest Bank; How RBI's Ban Rocked Kotak
Markets open lower on weak global cues; bank stocks fall
High CPI inflation and lower IIP data also saw selling pressure which pushed the Nifty lower by 13 points and the Sensex lower by 30 points.
Banking stocks were the worst performers in trade today as bond yields continued to rise, resulting in a fall in bond prices. Among the banking stocks that fell were Punjab National Bank, Union Bank, IndusInd Bank and ICICI Bank.
State Bank of India was also trading lower ahead of its results to be declared later today. Software stocks continued to rally on the back of a falling rupee. Among the stocks that gained from the sector were Infosys, Tata Consultancy Services and HCL Tech.
Mid Cap stocks were not having a good day in trade today with the mid cap index losing ground. Among the stocks from the space that declined were HPCL, CESC and Reliance Capital.
Divis Labs continued to gain for a second day in a row on value buying in the stock. Hexaware and Havells India were the other gainers from the mid cap space.
Hindalco which reported its results on Tuesday continued to see selling pressure. The stock has now dropped for 2 days in a row following its results.
Canara Bank which reported a good drop in its non performing asset numbers on Tuesday lost ground. The stock had rallied on Tuesday, but came in for some selling pressure today.
Meanwhile, markets in Asia were trading lower with the Jakarta Composite dropping 1.6 per cent and the Hong Kong;s Hang Sang falling more then 1 per cent.
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