Nifty, Sensex Recover on Monthly F&O Expiry Day - Thursday Closing Report
Moneylife Digital Team 25 May 2023
On Thursday, 1875 stocks advanced, 1615 declined and 121 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.16, indicating a negative closing of stocks in broader markets. The market continues to move sideways frustrating both bulls and bears. The trend of the major indices on Thursday’s trading is given in the table below:
 
 
On NSE, 88 securities advanced and closed at a new 52-week high whereas 13 securities sank to close at their new 52-week lows.
 
In sectoral indices, Nifty Media, Nifty PSU Bank and Nifty Energy were among the biggest losers. Nifty Infrastructure, Nifty FMCG and Nifty Metal were among the biggest gainers. 
 
Garden Reach Shipbuilders & Engineers (-5.31%) won order worth Rs248.51 crore.
 
Wipro (-1.40%) Engineering Edge partnered with Spartan radar to enhance assisted and automated driving solutions on its 'cloud car' platform.
 
TCS (-0.30%) positioned as a market leader in digital engineering by HFS Research.
 
B L Kashyap Sons Ltd (+0.50%) secured new order of Rs132 crores.
 
Gravita (+2.40%) started commercial production of rubber recycling in Tanzania, East Africa.
 
Maruti Suzuki (+0.12%) tied-up with Cholamandalam Investment and Finance for dealer financing solutions.
 
Shakti Pumps (-2.91%) invested Rs1.5 crore in its wholly owned subsidiary Shakti EV Mobility.
 
Pricol (-1.72%)  filed written petition against Opposite Parties challenging the validity of the application of Minda to the Honorable Competition Commission of India (CCI), for making investment in Equity Shares of Pricol Limited upto 24.5% of total Equity Shares of Pricol.
 
DGCA advised Go first to submit revival plan for a sustainable revival of operations within 30 days.
 
Results Update: 
 
Ingersoll-Rand  India (+5.99%): Net Sales was Rs304 crore in Q4FY23 up 37% YoY (Rs222 crore). Net Profit was Rs67.1 crore in Q4FY23 up 130% YoY (Rs29.2crore).
 
Sandhar Technologies (+0.38%): Net Sales was Rs765 crore in Q4FY23 up 12% YoY (Rs684 crore). Net Profit was Rs24.7crore in Q4FY23 up 34% YoY (Rs17.7 crore).
 
Infibeam Avenues (+1.74%): Net Sales was Rs653  crore in Q4FY23 up 77% YoY (Rs369 crore). Net Profit was Rs38.4 crore in Q4FY23 up 36% YoY (Rs28.2 crore).
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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