NEW DELHI: The bulls lost momentum on Dalal Street in Fridays session amid simmering oil prices and weak global cues. However, they made a smart comeback at close. The S&P BSE Sensex ended just 12 points lower at 34,415 while NSE's Nifty lost 1.25 points to settle at 10,564.
Here is a wrapup of 10 stories from the days proceedings.
TCS on the cusp of glory
Shares of IT bellwether soared as much as 7.22 per cent in the intraday trade to breach the Rs 3,400 level for the first time to hit an all-time high of Rs 3,421 on the back of solid Q4 results. The company added over Rs 40,000 crore to its market capitalisation in Friday's trade and was just shy of becoming Indias first listed company to enjoy a $100 billion market capitalisation. The stock, eventually, closed at Rs 3,406 apiece on BSE, up 6.76 per cent. READ MORE
Indiabulls Housing Finance Q4 net up 22%
Indiabulls Housing Finance on Friday reported a 22.5 per cent rise in consolidated net profit at Rs 1,030.37 crore for the March quarter against Rs 840.54 crore in the year-ago period. Total revenue of the company rose 23 per cent to Rs 3,967.22 crore against Rs 3,224.87 crore in the corresponding quarter last year. Shares of the company ended 1 per cent lower at Rs 1,354.60 apiece on BSE.
Bulk deal in Elpro International
Shares of the company ended 7 per cent higher at Rs 47.65 apiece on BSE after nearly 1.8 per cent of equity changed hands in a bulk deal.
Rupee sinks to 13-month low
The rupee was a bundle of nerves at the open on Friday as it sank 24 paise to a 13-month low of 66.06 against the dollar, hit by rising crude prices and fiscal deficit worries. It breached the 66 level for the first time since March 14, 2017. At the time of writing this report, the domestic currency was trading at 66.04 against the greenback.
Avanti Feeds spurts on stock split buzz
Shares of the company gained 8 per cent to Rs 2,358 apiece on BSE after the company announced its board will meet on May 9, 2018 to consider sub-division of face value of equity shares and issue of Bonus shares.
Prakash Constrowell hits upper circuit
Shares of the company hit upper circuit limit of 10 per cent at Rs 8.06 apiece on BSE after the company bagged order worth Rs 585 crore from Municipal Corporation of Greater Mumbai (MCGM).
Cyient hits all-time high
Hyderabad-based IT company Cyient on Friday surged to a life high of Rs 709.60, propelled by robust March quarter results. The Hyderabad-based company on Thursday posted a 16.2 per cent rise in net profit at Rs 121.5 crore for the March quarter as against the year-ago period. It had registered a net profit of Rs 104.6 crore last year, Cyient said in a statement. Shares of the company ended 9.40 per cent higher at Rs 708.45 apiece on BSE.
Tweet of the day
Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at… https://t.co/l5MMjmtI14
— Donald J. Trump (@realDonaldTrump) 1524221832000
Eveready plunges 12% on CCI fine
Shares of the leading battery manufacturer Eveready Industries plunged as much as 12.5 per cent in the intraday trade on Friday after the Competition Commission of India imposed fine on the company. The fair trade regulator on Thursday imposed a total fine of Rs 215 crore on Eveready, Indo National, industry grouping AIDCM and their officials for cartelisation in the pricing of zinc-carbon dry cell batteries. The stock ended the session at Rs 328.05 apiece on BSE, down 10.32 per cent.