SBI Approves Sale of 13.19% Stake in Yes Bank to SMBC

Market Pulse: Confirmed Uptrend
On April 17, Nifty confirmed a follow-through day, advancing approximately 1.77% on higher volume compared to the previous session, signaling renewed strength in the market. Similarly, Sensex is up around 1.96% on volume higher than the April 16th session. As a result, market status has been upgraded to Confirmed Uptrend.
Last Week's Market Action
Nifty, -1.39%; Sensex, -1.30%; Nifty Midcap 100, -0.90%; Nifty Smallcap 100, -2.17%; Model Portfolio, -0.62%.
Top gainers in the Nifty 50 were Tata Motors (+8.67%), Titan Company (+5.07%), L&T (+3.43%), Adani Ports (+3.09%), and Hero MotoCorp (+3.03%). The top losers included Sun Pharma (-4.62%), Asian Paints (-4.57%), IndusInd Bank (-4.08%), Jio Financial Services (-4.04%), and NTPC (-3.93%).
Among sectoral indices, the top gainers were Auto (+1.53%), Media (+1.30%), and Consumer Durable (+0.32%). On the flip side, Realty (-6.56%), Bank (-4.46%), Pharma (-2.57%) and Financial Services (-2.48%) lost the most.
Buy Watchlist
Dixon Technologies, Bharti Airtel, Bharti Hexacom Ltd, Fortis Healthcare, Page Industries, Divis Laboratories and view more.
Key News & Earnings Updates
State Bank Of India has approved selling its 13.19% stake in Yes Bank to Japan's SMBC for ₹8,889 crore.
Swiggy Ltd Q4 losses nearly doubled to ₹1,081 crore from ₹554 crore a year ago.
Bank Of India Q4 net profit surged 82% to ₹2,626 crore, driven by recoveries from written-off accounts.
Dr. Reddy's Laboratories reported a 22% YoY rise in Q4 net profit to ₹1,594 crore.
Reliance Power posted a Q4 net profit of ₹126 crore, aided by lower expenses.
What do you think? Please email us any questions or comments.
Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.

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