On the business front, they have been doing the right things in terms of allocating less capital to cash dazzling areas, making sure that the consumer business and consumer franchise keeps expanding, adding more brands wherever they strategically see a fit with their existing portfolio.
The NSE Nifty, too, advanced 145 points to settle at 17,784 in a broad-based rally.
Gold futures on Friday fell by Rs 110 to Rs 51,787 per 10 grams as participants cut down their bets amid a weak global trend.
Analysts attributed the fall in prices to trimming of positions by investors, tracking a weak trend in the overseas market.
Copper prices on Friday rose by 0.73 per cent to Rs 822.95 per kg in the futures market on the back of a pick-up in spot demand.
Morgan Stanley has kept an equal-weight rating on Macrotech Developers with a target at Rs 1,298 per share.
Hybrid and liquid funds saw outflows in March, according to the data.
Choice International announced listing of its stock on National Stock Exchange of India since January 15, 1996.
Ujjivan SFB reports continued business traction in Q4FY22.
At 5.98 MT, the production was 37 per cent higher compared to 4.36 MT steel the company had produced in the year-ago period, JSW Steel said in a statement.
It added 0.48 million clients in March 2022 and more than doubled its gross client acquisition in FY’22 to 5.29 million, a 123.7 percent YoY growth.
Benchmark indices were trading higher amid volatility in the afternoon session.
Most stocks falling under the interest-rate-sensitive umbrella held on to green territory on Friday after RBI Governor Shaktikanta Das-led MPC held the repo rate — the interest rate at which the central bank lends short-term funds to commercial banks — unchanged at four percent.
Further, investors will remain vigilant ahead of RBI’s monetary policy, where the central bank is likely to maintain status quo, said ICICI Direct.
The bond yield hit a high of 7.007 percent – a level last seen on 13 June 2019 – up 9 basis points from its previous close of 6.913 percent.
hares of Bandhan Bank opened 1 percent lower on Friday after the company recorded a series of block deals with around 5.1 crore shares or 3.1 percent stake in the bank changing hands in bunched trades.
During FY22, the company achieved the best-ever sales volume and sale value despite operational hurdles at the start of the quarter due to the Omicron wave.
The Reserve Bank of India’s has decided to keep the repo rate unchanged in its first bi-monthly policy meeting of FY23, Governor Shaktikanta Das said on Friday.
SBI, PNB, Kotak Mahindra Bank, Cholamandalam, SBI Life, TVS Motor, Tata Motors and Maruti Suzuki were among the top gainers in early deals, and trading with gains of between 0.2 percent and 6.5 percent.