Now Reading: Markets end rangebound; Sensex up 114, Nifty down 40
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Markets end rangebound; Sensex up 114, Nifty down 40
Indian markets ended rangebound for the fourth straight session on Thursday, with the Sensex gaining 114 points to 78,079.96 and the Nifty slipping 40 points to 24,395.85. Investors remained cautious amid uncertainty…
The Story in Brief
Indian markets ended rangebound for the fourth straight session on Thursday, with the Sensex gaining 114 points to 78,079.96 and the Nifty slipping 40 points to 24,395.85. Investors remained cautious amid uncertainty over a potential US-Iran agreement and the reopening of the Strait of Hormuz, even as crude oil prices declined.
Several companies, including Ashok Leyland, NMDC, Cochin Shipyard, and Bharat Dynamics, will release Q1 results on Friday. Among earnings reported so far, Max Financial Services posted a 33% rise in VNB, LG Electronics India profit climbed 27%, and Honasa Consumer net profit surged 118%. Market experts recommended stocks like Jana Small Finance Bank, CONCOR, and Amara Raja Energy.
The Indian Opinion
The flood of stock tips and Q1 numbers can create a false sense of certainty. Many narratives treat every earnings beat as a buy signal, ignoring margin compression at firms like Tata Motors PV, where EBITDA margin shrank from 8.8% to 6.5%. The real test for investors is not the daily tip but whether companies can sustain growth in a high-crude, high-inflation environment. Watching how Ashok Leyland and others manage raw material costs will tell us more than any analyst target.
Sources (6): livemint.com, livemint.com (2), livemint.com (3), livemint.com (4), ndtvprofit.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 6 sources linked above.
Updated: this story now draws on 6 sources.
