Stock Market Updates: Sensex Flat, Nifty Above 17,600; ICICI Securities Down 5%

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Stock Market Updates: Sensex Flat, Nifty Above 17,600; ICICI Securities Down 5%


Last Updated: April 20, 2023, 09:31 IST

Sensex Today: Indian benchmark indices steadied themselves on Thursday as traders assessed This autumn earnings and international cues. The S&P BSE Sensex quoted at 59,595, up 27 factors or 0.05 per cent, in early offers, whereas the Nifty50 held above 17,600-mark.

Individually, Titan, Ultratech Cement, Asian Paints, Tata Motors, Bajaj Finserv, ITC, and M&M had been the large-caps that lifted the benchmarks.

Meanwhile, within the broader market, the BSE MidCap and SmallCap indices added 0.03 per cent and 0.19 per cent, respectively.

Among shares, ICICI Securities tumbled 5 per cent after the corporate has reported a 22.8 per cent year-on-year decline in consolidated revenue at Rs 262.7 crore for quarter ended March FY23.

Mastek shares, alternatively, superior 3.7 per cent because the IT providers firm recorded a 13.07 per cent sequential progress in consolidated revenue at Rs 72.6 crore for March FY23 quarter. Revenue for the quarter grew by 7.7 per cent QoQ to Rs 709.2 crore with progress throughout operations.

That aside, Tata Communications shares had been up 1 per cent. The firm has registered a ten.7 per cent year-on-year decline in consolidated revenue at Rs 326 crore for Q4FY23. Revenue for the quarter grew by 7.2 per cent YoY to Rs 4,569 crore.

As regards sectors, the Nifty Pharma index was down 0.37 per cent, whereas the Nifty Auto was up 0.2 per cent. All different indices had been flat on both facet.

Global Cues

Asian shares edged decrease on Thursday, whereas the greenback was on the again foot as traders remained cautious forward of an anticipated 25 foundation level hike in rates of interest by the U.S. Federal Reserve subsequent month.MSCI’s broadest index of Asia-Pacific shares exterior Japan was 0.16% decrease, whereas Japan’s Nikkei was up 0.07%. Australia’s S&P/ASX 200 index was 0.07% decrease.

Tokyo shares opened decrease on Thursday following current features as traders parsed US company earnings bulletins for brand spanking new cues.The benchmark Nikkei 225 index slipped 0.53 p.c, or 152.94 factors, to twenty-eight,453.82 whereas the broader Topix index sagged 0.52 p.c, or 10.51 factors, to 2.029.73.

The S&P 500 ended just about unchanged on Wednesday whereas the Dow dipped as traders digested a blended bag of company earnings, together with upbeat stories from medical know-how firms, countered by weak spot in Netflix shares.

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