Stock Market Today: GIFT Nifty on the NSE IX was up 93 points, or 0.43 percent, at 21,943.50 on Monday, indicating that Dalal Street was off to a good start. On Friday, the Nifty finished 65 points higher and found support at the 20-DMA. On the daily chart, this formed a little body-positive candle with a slight lower shadow, indicating a buying opportunity at lower levels. As investors bet on artificial intelligence technology and watched for positive earnings data, the S&P 500 finished over 5,000 for the first time on Friday, and the Nasdaq briefly traded above 16,000 thanks to boosts from megacaps and chip giants, notably Nvidia.
Stock Market Today: Stocks in focus
For the quarter that concluded in December, Bandhan Bank posted positive results, with net profit increasing by 2.5 times year over year (YoY) to Rs 737 crore.
Hero MotoCorp announced on Friday that its net profit for the quarter ended December increased by 51% year over year (YoY) to Rs 1,073.40 crore, mainly in line with expectations. In the quarter, revenue from operations increased 21% year over year to Rs 9,724 crore.
On Friday, One 97 Communications Ltd said that it will establish a group advisory committee to engage with the board on regulatory problems and to strengthen compliance. The committee will be chaired by M. Damodaran, the former chairman of SEBI.
The leading pharmaceutical company Divis Labs recorded a consolidated net profit of Rs 358 crore for the quarter that ended in December, a 17% increase over the Rs 306 crore reported during the same time the previous year.
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