Closing bell: Sensex, Nifty close endless; Tata Motors, Coal India among top losers
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The BSE Sensex closed flat at 31,662.74 after a volatile trade as jittery investors booked profits at every rise amid deepening worries over North Korea.
The broader NSE Nifty ended up by 13.70 points, or 0.14%, at 9,929.90, after moving between 9,964.85 and 9,917.20.
Emergence of profit-booking dragged the index to a low of 31,620.44 later before settling with a marginal rise of 0.77 point, at 31,662.74. The gauge had lost 147.86 points in the previous session.
Brokers said buying by domestic institutional investors (DIIs) cushioned any major fall despite sustained capital outflows by foreign funds.
ITC, Tata Motors and Coal India were major losers with losses to the tune of 1.89%, 1.42% and 1.23%, respectively.
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Auto major Tata Motors on Friday reported a consolidated net profit of Rs 17,407.18 crore for the quarter ending March 31 (Q4) in the financial year 2023-24 (FY24). This was a staggering 222 per cent growth in profit compared to Rs 5,407.79 crore reported during the same period last year. Sequentially, profit grew 49 per cent from Rs 11,666.07 crore in Q3.
The company's revenue from operations was Rs 1.19 trillion, a 13.5 per cent increase year-on-year (Y-o-Y) from Rs 1.05 trillion. Sequentially, revenue rose 8.6 per cent from Rs 1.10 trillion.
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