Thursday, April 21, 2022

GREENERY RETURN TO THE MARKET

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On the day of weekly expiry, there was a great rally in the market and Sensex-Nifty managed to close at the high of the day. In today's business, all the sector indices of BSE saw a rise.Auto, consumer durables, IT stocks had good gains in today's trade. At the end of trading, the Sensex closed at 57911 with a gain of 874 points or 1.53%, while the Nifty closed at 17392 with a gain of 256 points or 1.49%.
ICICIBANK  has overtaken HDFCBANK in valuation for the first time.The reason for this is the rise in the shares of ICICIBANK. In the last one year, this stock have gained 30%. Investors have shown great interest in these shares. The market capitalization of ICICIBANK is 5.25 lac crores, while the market capitalization of HDFCBANK is 7.25 lac crores, despite this it is important that for the first time The share valuation of ICICIBANK has surpassed that of HDFCBANK on a single important parameter.
Shares of Cipla Limited declined over 1.7% in today's trading session after the company announced its March quarter earnings below estimates. The drug major reported a 73% rise in consolidated net profit at ₹412 crore against ₹238 crore in the same quarter last year.This stock was opened today at 1016 and made low of rs 996 and finnaly closed at 998 level.

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