Asian stocks fell on Friday, with Japanese and South Korean markets coming off record highs as renewed military action between the US and Iran dampened hopes for an end to the war.
US stock markets faced a downturn as tensions between the US and Iran escalated, leading to declines across all major indices.
Here's a table showing how US stocks performed on Thursday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
Alphabet | 395.30 | 0.23 | 0.06% | 397.36 | 390.31 | 397.36 | 153.83 |
Apple | 287.42 | -0.04 | -0.01% | 292.13 | 285.78 | 292.13 | 193.46 |
Meta | 616.81 | 3.93 | 0.64% | 624.98 | 613.54 | 796.25 | 520.26 |
Tesla | 411.81 | 13.28 | 3.33% | 415.83 | 402.12 | 498.83 | 273.21 |
Netflix | 88.26 | -0.01 | -0.01% | 89.40 | 88.13 | 134.12 | 75.01 |
Amazon | 271.17 | -3.78 | -1.38% | 276.63 | 270.49 | 278.56 | 188.82 |
Microsoft | 420.92 | 7.05 | 1.70% | 427.98 | 418.76 | 555.45 | 356.28 |
Dow Jones | 49596.97 | -313.62 | -0.63% | 50130.20 | 49487.97 | 50512.79 | 41150.73 |
Nasdaq | 28563.95 | -35.22 | -0.12% | 28825.52 | 28440.05 | 28825.52 | 19907.67 |
Source: Equitymaster
At present, the BSE Sensex is trading 519 points lower, and the NSE Nifty is trading 162 points lower.
Apollo Hospital, Adani Ports, and Tech Mahindra are among the top gainers today.
Coal India, Eternal, and Axis Bank, on the other hand, are among the top losers today.
The BSE 150 Midcap index is trading 0.2% lower and the BSE 250 Smallcap index is trading flat.
Sectoral indices are trading mixed today with stocks in finance sector and banking sector witnessing selling pressure. Meanwhile stocks in IT and capital goods sector witnessed Buying speer.
The rupee is trading at Rs 94.59 against the US dollar.
Lenskart Block Deal
A group of existing investors in Lenskart is reportedly planning to sell shares worth nearly Rs 55.5 bnthrough block deals on Friday, according to a Moneycontrol report.
The size of the transaction has increased significantly from earlier estimates of around Rs 32.9 bn, reflecting stronger investor interest and a larger proposed stake sale.
As per the report, the floor price for the deal has been fixed at Rs 470 per share, representing a discount of nearly 3.6% compared to Thursday's closing price of Rs 492.4. The transaction is also said to include an upsize option if investor demand remains robust.
The proposed block deal could involve the sale of up to 7 crore shares. Existing investors, including Birdseye View Holding, TR Capital Mauritius, ABG Capital, and Kariba Holdings are reportedly expected to fully exit their holdings through the transaction.
Meanwhile, Alpha Wave is also likely to participate in the stake sale. However, the report noted that the investor will remain subject to a 90-day lock-in period for any additional share sales after the transaction.
Here's how its shares have performed in the past 6 months.
PNC Infratech Wins UP EPC Project
PNC Infratech has emerged as the L1 (lowest) bidder for an EPC project awarded by the Lucknow Development Authority at a quoted price of Rs 1.9 bn.
The project involves the construction of a 4-lane flyover along with two loops and two ramps at the Shaheed Path intersection on the right-hand side bank of the Gomti River in Lucknow.
The project will be executed on an EPC basis and is expected to be completed within 24 months.
The company stated that neither its promoters nor promoter group entities have any interest in the awarding authority.
It also clarified that the contract does not fall under related-party transactions.
PNC Infratech is among India's leading infrastructure development and construction companies, with operations spanning highways, bridges, flyovers, airport runways, power transmission projects, and industrial area development.
Britannia Q4 Results
Britannia Industries reported a 22% rise in net profit for the March quarter, supported by steady demand for biscuits and snacks despite supply chain disruptions linked to the West Asia conflict.
Net profit for the quarter ended March stood at Rs 6.8 bn, compared to the same period last year, while revenue grew 7.1% year-on-year to Rs 46.8 bn, according to the company's exchange filing.
Managing Director Rakshit Hargave noted that while the quarter started on a strong note, sales growth moderated in March due to disruptions in the international business caused by geopolitical tensions in West Asia.
He added that the company has taken steps to manage potential risks, including input cost pressures arising from the ongoing conflict, and continues to closely monitor developments.
The company, known for brands like Marie Gold and Good Day, also highlighted that its e-commerce channel now contributes around 6% of domestic business, driven by premium product launches and growing demand in adjacent categories such as croissants and wafers.
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