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Monday, December 23, 2024 | 05:03 PM ISTEN Hindi

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Sensex, Nifty end at fresh closing high; IT, realty stocks charge ahead

HCL Tech (up over 5 per cent), L&T, Tech M, Hindalco, Wipro, UPL, HDFC Bank, and ITC were the top gainers

Image SI Reporter New Delhi
MARKET LIVE: Sensex, Nifty, wipro, infosys, jerome powell, zomato, adani

10:54 AM

RBL Bank ties up with VISA to issue credit cards; shares recover 2.5% from lows

RBL Bank currently issues credit cards only on Mastercard payment network and has approximately 3 million credit card customers. It is the fifth largest credit card issuer in the country with approximately 5 per cent market share. READ MORE

10:36 AM

L&T Technology zooms 15%, hits record high on strong June quarter results

LTTS on Wednesday reported an 84 per cent year-on-year (YoY), 11.1 per cent quarter-on-quarter (QoQ) jump in its Q1FY22 net profit at Rs 216.2 crore, largely on widening margins. In dollar terms, revenues increased 4.2 per cent and rose 4.3 per cent in constant currency (CC) terms, sequentially. Revenues from digital and leading-edge technologies were at 54 per cent during the quarter. READ MORE

10:19 AM

Mutual funds go on a shopping spree in June as market hits new highs

Auto component manufacturer Sona BLW topped the buy list with an investment of Rs 2,469 crore, mainly in its maiden offering. The stock currently trades nearly 40 per cent above its IPO price. TVS Motors, ITC, HDFC Bank, Reliance Industries and ICICI Bank saw net MF buying of more than Rs 1,000 crore each, shows analysis done by Edelweiss. READ HERE

personal finance, investments, investors, funds, markets, stocks, savings

10:00 AM

Zomato in MSCI, FTSE indices by year-end: Analyst

Zomato could get added to the MSCI and FTSE indices by the end of this year, while an entry to the Nifty or the Sensex would be challenging before the second half of 2022, said Brian Freitas, an analyst at independent research provider Smartkarma, in note. READ MORE

Zomato, food delivery

9:42 AM

Infosys hits record high on robust revenue guidance; zooms 103% in one year

Shares of Infosys hit a fresh record high of Rs 1,597.25, up 1.3 per cent on the BSE in intra-day trade on Thursday, after the country’s second-largest information technology (IT) services player on Wednesday raised its revenue growth guidance for financial year 2021-22 (FY22) buoyed by a robust deal pipeline. The stock surpassed its previous high of Rs 1,590.85 touched on June 30, 2021. READ MORE

Infosys

9:33 AM

MARKET VIEW :: Exercise caution while buying into mid-small caps

IT results out so far including that of majors like TCS & Infosys indicate a strong order pipeline emboldening the companies to raise their revenue guidance to 14 to 17%. This augurs well for the industry and can invite further investments. So, this leg of the market remains strong. However, Nifty is likely to face resistance around 15900 since FIIs are consistent sellers at higher levels. Retail activity is high in mid-small-cap space since heavy FII selling is in large caps. Global support to the markets comes from the Fed chief Powell's remark that rates will remain near zero until "inflation goes persistently and materially higher". This has further emboldened the equity bulls. Even though the broader market party continues, investors should exercise caution while buying into mid-small caps. Correction in the broader market, when it comes, can be sharp.

-- Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

 
9:31 AM

Wipro hits 52-week high ahead of June quarter results

9:28 AM

Craftsman Automation slips over 3% post Q1 results and on terminating JV

>> The company has terminated joint venture agreements signed in 2007 with Mitsubishi Corporation, Tokyo, MC Machinery Systems, USA, Mitsubishi Corporation India and Mitsubishi Corporation Technos, Japan. The joint venture was for selling electric discharge machines and laser cutting machines. Craftsman said the termination was to focus on the increasing needs of the primary business and it won’t have any impact on the company.
9:27 AM

Titan trades marginally down as Jhunjhunwala reduces stake in June quarter

> Rakesh Radheshyam Jhunjhunwala reduced stake in the company to 3.72 per cent in the June quarter from 3.97 per cent earlier.
9:25 AM

5Paisa Capital gains 3% post Q1 numbers

> The company reported Q1 profit after tax at Rs 7.2 crore, up 156 per cent YoY while the revenue jumped 44 per cent YoY to Rs 60.9 crore.
9:24 AM

Result Reaction :: L&T Technology Services hits 10% upper circuit

L&T Technology Services (LTTS) reported an 84 per cent YoY jump in its June quarter net at Rs 216.2 crore, largely on widening margins. Its overall revenue increased by 19.42 per cent YoY to Rs 1,562.6 crore for the reporting quarter.
9:23 AM

Results Reaction :: Infosys turns flat after hitting all-time high

The IT major may have missed Street’s net profit expectations for the quarter ended June 2021, but raised its revenue growth guidance for FY22 to 14-16 per cent from an earlier estimate of 12-14 per cent. Meanwhile, it reported a consolidated net profit of Rs 5,195 crore, up 22.7 per cent year-on-year (YoY) and 2.3 per cent sequentially.
9:21 AM

Sector Watch

9:19 AM

Heatmap | Top gainers & losers from Sensex pack at opening tick

9:18 AM

OPENING BELL :: Nifty at 15,873

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First Published: Jul 15 2021 | 8:02 AM IST