Latest Stock Market News

Indian frontline indices ended with gains on Friday maintaining a three-session winning streak led by strong buying action across sectors. Metal, auto, pharma, and banks saw heightened investor interest.

The company said all hospitals improved their average revenue per operating bed (ARPOB) during the period and the overall average growth in ARPOB stood at 13 per cent year-on-year (YoY). During the quarter, international patient revenue grew by 25 per cent as compared to the year-ago period, and the share of international patient revenues stood at 9 per cent of the hospital revenue during the quarter, it added.

When promoters buy shares, it can indicate their confidence in the business, a positive sign for investors.

The Nifty IT index closed 0.63 per cent up at 30972.95.

Sectorally, buying was seen in capital goods, metals, utilities and oil & gas while consumer durable stocks saw some selloff.

Analysts believe the premium listing is justified on the back of reasonable IPO valuations, following a strong product demand, financial track record and reputed brand presence.

Revenue from operations increased 22% to Rs 1,507 crore in the July-September period, compared with Rs 1,231 crore in the same period of last year. The healthy revenue growth was despite the festive season witnessing a delay this year, moving into October versus commencing in September last year.

The Futures Short Position Scan conducted on the previous trading session i.e. November 3, suggested that Aggressive New Short Positions were taken on the several Nifty50 stocks

The 30-share BSE benchmark Sensex advanced 595 points or 0.92% to settle at 64,958. The broader NSE Nifty surged 181 points or 0.94% to end at 19,411. From the Sensex pack, L&T and Axis Bank were the top gainers, rising over 2% each. Power Grid, Bajaj Finance, Tata Steel, and Asian Paints also closed with gains, while only SBI, HUL, Tata Motors, and Titan closed with cuts.