Equity benchmark indices open positively with Sensex rising 250 points, driven by financial stocks. The BSE Sensex and Nifty climb, but HUL and Reliance Industries shares suffer from their December quarter results. Most financial stocks perform well, while global oil benchmark Brent crude declines. Domestic equity markets are predicted to have subdued activity, with normal trading sessions announced on Saturday.
Shares of Ircon International surged over 4% after the company executed a contract agreement with the Sri Lanka Railways. The contract involves the procurement of design, installation, testing, commissioning, and certifying of the signalling and telecommunication system. Additionally, the firm reported a 29.6% YoY rise in its consolidated net profit for Q1 FY24. The stock has delivered multibagger returns to its investors, having risen over 170% in the last six months and over 250% in the past year. Read more for further details.
