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STOCK MARKET LIVE: Nifty, Sensex, Q1 results, Dr Reddy’s, Nestle India, Bajaj Finserv

All Sensex stocks opened higher. Bajaj Finance led gains on the index, up over 5 per cent. Bajaj Finserv moved 4 per cent higher. Tata Steel, IndusInd Bank, Infosys, Wipro, Axis Bank and Kotak Bank were the other notable winners.On the flip side, Dr Reddy’s and Sun Pharma came under pressure, slipping up to 2 per cent. Bharti Airtel, ITC and Nestle were also subdued. 

In the broader markets, Nifty500, Nifty MidCap 50 and Nifty SmallCap 50 also sat in green, up to 0.7 per cent higher.

Within sectors, Bank, Financials, and IT indices on the Nifty led gains, moving over 1 per cent up. While Auto and Pharma pockets suffered losses.

Among stocks, Biocon shed over 5 per cent despite posting a 71 per cent YoY increase in consolidated net profit to Rs 144 crore in Q1FY23.

Tata Motors slipped around 3 per cent after its Q1 consol loss widened more than expected to Rs 5,007 crore as compared to Rs 4,451 crore a year earlier. 

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