However, Clocking a tepid show were shares of Fino Payments Bank listed on the bourses at a 6 per cent discount. They debuted at Rs 544 apiece on the NSE, down 5.6 per cent, against the issue price of Rs 577 per share.
On the results front, shares of Indiabulls Housing Finance were down 4 per cent on the BSE after the company reported an 11 per cent dip in its net profit at Rs 286 crore in the quarter ended September due to a decline in its loan book
- India Expected to Become Fourth-Largest Economy in the World by 2025
- UK Exits Recession as per Official Data, Office for National Statistics
- Vedanta Outlook for the Week (May 13, 2024 – May 17, 2024)
- Tata Steel Outlook for the Week (May 13, 2024 – May 17, 2024)
- PFC Outlook for the Week (May 13, 2024 – May 17, 2024)
Sectorally, Auto, Media, and PSB indices have erased their gains and are now down 0.2 per cent.
In the currency market, the rupee opened at 74.38 per US dollar relative to Thursday’s close of 74.51/$.
Stock Covered in the news