From Economic Times: 2024-05-14 05:22:10

Sensex surged as RIL and L&T lead contributors, climbing 500 points. Matrimony.com reported Q4 results with billing at Rs 121.2 crores, revenue at Rs 119.2 crores, and PAT at Rs 11.7 crores. PVR Inox also released Q4 results, with a cons loss of Rs 129.7 cr. Zydus Wellness reported a PAT of Rs. 150 crores, Q4 Net Sales up by 9.6% to Rs. 778 crores, and EBIDTA growth of 12.2% y-o-y. PSU banks’ profit jumps over 4 times in 3 years to Rs 1.4 lakh crore in FY24. JGB yields hit fresh decade-highs on rate-hike bets following a hawkish signal from the Bank of Japan. Indian bond traders turn to US inflation print after local data meets estimates. Shriram Finance rose 5% after unveiling plans to sell its housing finance business. Bharti Airtel, Bharti Hexacom, Shree Cement, and more are set to announce Q4 results. Dr. V K Vijayakumar advises buying on dips amid sustained FIIs selling and DIIs buying trend.



Read more at Economic Times: Sensex Today | Stock Market LIVE Updates: Sensex rises 500 pts; Nifty above 22,250; metal & auto top sectoral gainer