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India’s major stock indexes ended lower on Wednesday on selling in banking and financial stocks, a day after the Union Budget was announced.
The 50-stock Nifty 50 index closed down 0.27 per cent or 65.5 points at 24,413.50, while the S&P BSE Sensex fell 0.35 per cent or 280 points to close at 80,149.
Of the 30 Sensex stocks, 12 ended in the positive. Nifty Bank was negative while NIFTY, Media rose 2.44%.
Stocks in the News
Chirocare Technologies
Tyrocare Technologies shares rose 19% after the company reported a 46% rise in profits to Rs 247 crore for the first quarter ended June 2024.
AvantiFeed
Avanti Feeds shares surged 14 per cent on the BSE today after the Finance Minister announced plans for shrimp farming in the Budget on Tuesday.
ICICI Prudential Life Insurance
ICICI Pru shares rose 9 per cent on the BSE after the company reported an 8.7 per cent increase in profit after tax in the first quarter of FY25 compared to the previous year.
Bajaj Finserv
Bajaj Finserv shares fell 2.5 per cent on the BSE despite profits rising 10 per cent year-on-year to Rs 2,138 crore.
FMCG Stocks
Shares of FMCG companies like Britannia, Marico, Nestle, Dabur and Godrej Consumer Products fell 1-3 per cent on the BSE today on profit booking after the sector recovered following the Budget speech on Tuesday.
Rs.
The Indian rupee fell 2 paisa to close at a record low of 83.71 against the US dollar.
