The market participants have given big thumbs up amid consolidated net loss narrowed.  

The stock of Poonawalla Fincorp Limited has been among the top-performing stocks on the exchanges as it soared nearly 12 per cent.

Nifty is approaching 16,000 points while auto stocks have ended a five-day losing trend. In April 2022, India's retail inflation, as measured by the Consumer Price Index (CPI), increased to 7.79 per cent while Matrimony.com climbed 16.70 per cent. The company's board of directors approved a share buyback worth Rs 75 crore, at a price not exceeding Rs 1,150 per share. Tata Motors surged 9.4 per cent. In Q4FY22, the firm reported a combined net loss of Rs 1,032.84 crore, compared to Rs 7,605.40 crore in Q4 FY21.

In the last trading session of the week, the bulls took over the markets with their might. To put it in perspective, in the last two weeks, or say in nine trading sessions, the index slumped over 7 per cent.   

The benchmark indices continued trading in red for the fifth consecutive trading session. On Thursday, S&P BSE Sensex rattled about 1,300 points to hit a low of 52,787 on an intraday trade basis whereas Nifty 50 index slid down to 15,758 levels. Inflation data in the US, prediction of rate hikes, all-time low rupee, and aggressive selling portrayed by foreign portfolio investors have drowned the market sentiments. 

Kotyark Industries Limited, incorporated in 2016, is engaged in the manufacturing of biodiesel and its by-products, and is one of the key players across the state of Rajasthan in India.

The losing streak continues for the fourth straight session of the week with power, metal and utilities being the biggest losers on the bourses. 

Indo Count Industries, KRBL and Avanti Feeds witnessed positive action in today’s session.  

Highest put option open interest contract was added at a strike price of 15900 for expiry on May 19. 

The global markets plunged 3 per cent as the fears of an impending recession were confirmed by the inflation data, released by the US for the month of April.

BSE Smallcap index also closed in the red territory at 24,995.51 with losses of 1.96 per cent.