Nifty50: 17,196 ▼-204.9 (-1.1%)Sensex: 57,696 ▼-764.8 (-1.3%) Important Points After a gap-up opening, the markets witnessed intense selling pressure Of the Nifty50 pack, 38 stocks declined. Among the Nifty sectoral indices, Financial Services (-1.1%) and Oil and Gas (-1.0%) were the top losers. Whereas, Media (+1.7%) was the only gainer. Top gainers Today’s change UPL ▲ 2.1%…
Nifty50 by The Wealth Generating On account of strong GDP growth and fiscal deficit numbers announced yesterday, the Nifty50 was on a strong footing today and closed firmly in the green. It closed 183 points higher at 17,166. Nifty50 monthly options expiring on December 30 have sizable positions at 18,000 and 17,500 call options and…
Nifty50: 15,030 ▼ 77 (-0.5%)Sensex: 49,902 ▼ 290 (-0.5%) The markets opened weak, and after some initial buying, the benchmark indices witnessed selling pressure all day. Of the Nifty50 stocks, 27 closed in the red. The Nifty Realty (+2.1%) and Nifty Media (+2.0%) indices witnessed the strongest gains, while Financial Services (-0.9%) and Metal (-0.9%) indices were the weakest today. Top…
HCL Tech reports weak quarter The IT major reported a 72% sequential decline in net profit, impacted by a one-time bonus to employees and higher taxes. Its revenues grew 1.8% QoQ to ₹19,642 crores. The revenue growth was lower than that of its competitors, which witnessed a growth of 2–4%. Last week, HCL Tech’s stock fell…
Nifty50: 14,819 ▲ 135 (+0.9%)Sensex: 49,661 ▲ 460 (+0.9%)Nifty Bank: 32,991 ▲ 489 (+1.5%) In the news Godrej Consumer sees stable growth in Q4 For Q4, Godrej Consumer estimates a 30% YoY growth in its India business. The company cited price hikes along with strong volume growth across its household insecticides, soaps, and hair color segments for its performance. According to the company,…
Nifty50: 14,683 ▲ 45 (+0.3%)Sensex: 49,201 ▲ 42 (+0.0%)Nifty Bank: 32,501 ▼ -177 (-0.5%) Tata Steel reports sales growth in Q4 Tata Steel’s India business recorded sales of 4.67 million tons in Q4FY21, a 16% YoY improvement. Meanwhile, its European business grew 4%. On a full-year basis, the company achieved its highest-ever sales volume. Its shares were down 0.7% on Tuesday but have…