Post Market Update – Strong begin to week; Sensex soars 1000 points by admin- Monday, May 30th, 2022 05:02:33 PM
Stocks in the information-
1. L&T Construction bagged an order well worth Rs. 1,000-2,500 crore for the Chennai Metro Rail Project
2. Panama Petrochem Q4 net profit up by using three.9% q-o-q to Rs. 56.2 crore
three. Greenlam Industries Q4 net profit down by way of 17.2% y-o-y to Rs. 25.6 crore
4. Jubilant FoodWorks Q4 net profit rose by way of eleven.3% y-o-y to Rs. 116.1 crore
Indian equities won for the 0.33 consecutive session on May 30, led via a 2-4% upward thrust in IT, realty, Consumer Durables and oil & gas shares. The Sensex surged by using 1.Ninety% or 1,041.08 factors to 55,925.Seventy four. The Nifty rose by using 1.89% or 308.95 factors to 16,661.40. The BSE MidCap and SmallCap indices additionally climbed over 2% every.
Buzzing stocks on BSE-
1. Tata Motors rose by means of 2.Ninety six% to Rs. 442.30, on ability acquisition of Ford India’s Sanand plant.
2. Mahindra & Mahindra (M&M) received 4.Sixty nine% to Rs. 997.90, after the vehicle manufacturer mentioned a 427% bounce in standalone net profit before notable items to Rs 1,292 crore in Q4FY22.
3. JSW Steel slipped by means of 1.Eighty two% to 538.Sixty five, after the enterprise mentioned 23% fall in consolidated internet profit to Rs. Three,234 crore in Q4FY22.
Four. Info Edge (India) advanced by using three.04% to a few,806.10, after standalone net profit rose with the aid of sixty six.9% to Rs. A hundred and twenty.70 crore in Q4FY22.
Five. Timken India’s stocks rose by means of nine.Ninety eight% to Rs. 2,160.Forty, after the business enterprise’s net profit surged 128.87% to Rs 121.30 crore in Q4FY22.
Asian indices finished extensively higher with stocks in Japan leading the area. The Nikkei 225 is up 2.19% whilst Hong Kong’s Hang Seng is up 2.06% and China’s Shanghai Composite is up zero.60%.
European markets have been also higher as French and German shares display profits. The CAC forty is up 0.87% at the same time as the DAX is up 0.Eighty three%. The British FTSE 100 up by way of zero.21%.