Title: Indian Stocks Mostly Positive on 28 May 2023
Positive Sentiment
- HDFC Bank Q4 results beat estimates, net profit rises 19%.
- Infosys Q4 results beat estimates, net profit rises 12%.
- Reliance Industries Q4 results beat estimates, net profit rises 22%.
- TCS Q4 results beat estimates, net profit rises 16%.
Negative Sentiment
- Bajaj Finance stock falls after Q4 results miss estimates.
Overall, the sentiment towards Indian stocks on 28 May 2023 was positive, with most of the major stocks seeing their prices rise. The news that had the most impact on the stock prices of these companies was that their Q4 results beat estimates. This suggests that investors are optimistic about the future prospects of these companies.
However, there were some negative news as well. Bajaj Finance stock fell after its Q4 results missed estimates. This is likely due to concerns about the company’s exposure to the auto sector, which is facing headwinds due to rising fuel prices.
Overall, the sentiment towards Indian stocks on 28 May 2023 was positive. However, investors should keep an eye on the negative news and be prepared for some volatility in the market.